Investment Thesis
China's leading digital consumer finance platform, 360 Finance (NASDAQ: QFIN), released its Q3 earnings results on November 27th. The Q3 results are considered stunning. More importantly, we believe the recent introduction of long-term investors and QFIN's acceptance into the Central Bank's credit filing system are two hidden treasures that add great value to the company. Given the extremely low valuation of the company, we believe QFIN is a strong buy.
Shining Q3 Results
We believe the company's Q3 earnings results are stunning:
- Total net revenue grew 98% YoY to RMB 2,583.0 million