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+ 360 SEU DIGITECH 360 DigiTech Announces Second Quarter 2021 Unaudited Financial Results August 19 , 2021 SHANGHAI , Aug. 19 , 2021 ( GLOBE NEWSWIRE ) 360 DigiTech , Inc. ( QFIN ) ( “ 360 DigiTech " or the " Company " ) , a leading financial technology platform in China , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Business Highlights * 1 • As of June 30 , 2021 , our digital platform has connected 108 financial institutional partners and 175.9 million consumers with potential credit needs , cumulatively , an increase of 18.1 % from 149.0 million a year ago . • Cumulative users with approved credit lines * 2 was 34.7 million as of June 30 , 2021 , an increase of 25.3 % from 27.7 million as of June 30 , 2020 . • Cumulative borrowers with successful drawdown , including repeat borrowers was 22.3 million as of June 30 , 2021 , an increase of 25.3 % from 17.8 million as of June 30 , 2020 . • In the second quarter of 2021 , financial institutional partners originated 27,714,920 loans * , totaling RMB88,452 million * 4 through our platform , an increase of 50.2 % from RMB58,905 million in the same period of 2020 . • Out of those loans originated by financial institutions , RMB49,638 million was under capital - light model and other technology solutions , representing 56.1 % of the total , an increase of 213.3 % from RMB15,844 million in the same period of 2020 . • Total outstanding balance 5 of the loans originated by financial institutional partners through our platform was RMB117,559 million as of June 30 , 2021 , an increase of 49.8 % from RMB78,480 million as of June 30 , 2020 . • RMB58,187 million of such loan balance was under capital - light model and other technology solutions , an increase of 186.4 % from RMB20,316 million as of June 30 , 2020 . • Financial institutions granted approximately RMB7.1 billion credit lines to small and micro - sized enterprises ( SMEs ) * 6 through our platform in the second quarter of 2021 , an increase of 22.4 % from approximately RMB5.8 billion in the prior quarter . • The weighted average contractual tenor of loans originated by financial institutions across our platform in the second quarter of 2021 was approximately 10.66 months , compared with 9.57 months in the same period of 2020 . • 90 day + delinquency ratio of loans originated by financial institutions across our platform was 1.19 % as of June 30 , 2021 . • Repeat borrower contribution * 8 of loans originated by financial institutions across our platform for the second quarter of 2021 was 88.7 % . 1 Refers to cumulative registered users across our platform . 2 " Users with approved credit lines " refers to the total number of users who had submitted their credit applications and were approved with a credit line by the Company at the end of each period . 3 Including 13,300,248 loans across " V - pocket " , and 14,414,672 loans across other products . 4 Refers to the total principal amount of loans facilitated and originated during the given period , including loans volume facilitated through Intelligence Credit Engine ( " ICE " ) and other technology solutions . " ICE " is an open platform on our " 360 Jietiao " APP , we match borrowers and financial institutions through big data and cloud computing technology on " ICE " , and provide pre - loan investigation report of borrowers . For loans facilitated through " ICE " , the Company do not provide post - loan risk management nor bear principal risk . 5 " Total outstanding loan balance " refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period , including loan balance for " ICE " and other technology solutions , excluding loans delinquent for more than 180 days . 6 SME loans are Loans issued to SMEs with e - commerce operations , with business sales receipt , and / or with business taxation record . 7 " 90 day + delinquency ratio " refers to the outstanding principal balance of on- and off - balance sheet loans that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of on- and off - balance sheet loans across our platform as of a specific date . Loans that are charged - off and loans under " ICE " and other technology solutions are not included in the delinquency rate calculation . 8 " Repeat borrower contribution " for a given period refers to ( i ) the principal amount of loans borrowed during that period by borrowers who had historically made at least one successful drawdown , divided by ( ii ) the total loan facilitation and origination volume through our platform during that period . Second Quarter 2021 Financial Highlights • Total net revenue increased by 19.8 % to RMB4,001.6 million ( US $ 619.8 million ) from RMB3,340.1 million in the same period of 2020 . • Income from operations increased by 86.6 % to RMB1,853.1 million ( US $ 287.0 million ) from RMB993.2 million in the same