Slides
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2Q2026 Result Presentation Strictly Private and Confidential August 2026
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Disclaimer This presentation has been prepared by Qfin Holdings, Inc. (the “Company”) solely for information purpose. By viewing or accessing the information contained in this material, you hereby acknowledge and agree that no representations, warranties or undertakings, express or implied, are made by the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in this presentation. None of the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives accept any responsibility whatsoever (in negligence or otherwise) for any loss howsoever arising from any information presented or contained in this presentation or otherwise arising in connection with the presentation. The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed. This presentation does not constitute an offer to sell or issue or an invitation or recommendation to purchase or subscribe for any securities of the Company for sale in the United States or anywhere else. No securities of the Company may be sold in the United States without registration with the United States Securities and Exchange Commission (the “SEC”) or an exemption from such registration pursuant to the Securities Act of 1933, as amended (the “Securities Act”) and the rules and regulations thereunder. No part of this presentation shall form the basis of or be relied upon in connection with any contract or investment decision in relation to any securities or otherwise. This presentation does not contain all relevant information relating to the Company or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company. Nothing contained in this presentation shall be relied upon as a promise or representation as to the past or future performance of the Company. Past performance does not guarantee or predict future performance. You acknowledge that any assessment of the Company that may be made by you will be independent of this presentation and that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. Certain statements in this presentation, and other statements that the Company may make, are forward- looking statements under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this presentation, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “HKEX”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these risks and special considerations is included in the Company’s filings with the SEC and the HKEX. All information provided in this presentation is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. This presentation also contains non-GAAP financial measures, the presentation of which is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). In addition, the Company’s calculation of these non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited. The reconciliation of those measures to the most comparable GAAP measures is contained within this presentation or the earnings release or available at the Company website https://ir.qfin.com.
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3 To Enable a Better Life for People by Facilitating Safe, Convenient and Inclusive Financial Services through Technology Empowerments to Financial Institutions Our Mission
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Company Overview
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What We Have Achieved in 2Q26 5 A Leading AI-empowered Credit-Tech Platform in China Notes: (1) Data as of June 30, 2026. (2) Excluding share-based compensation expenses. (3) Non-GAAP ROE refers to (i) the annualized 2Q26 Non-GAAP net income attributed to the Company, divided by (ii) the average shareholder’s equity of March 31, 2026 and June 30, 2026. RMB63.4 billion Loan Facilitation Volume in 2Q26 168 Cumulative Financial Institution Partners(1) 65.6 million Cumulative Users with Approved Credit Lines(1) RMB455 million Non-GAAP Net Income in 2Q26 (2) 7.5% Non-GAAP ROE(3)
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Dividend Distribution Dedicated to Returning Value to Shareholders 6 Share Repurchases 150 350 450 677 150 350 450 234 2023 Plan 2024 Plan 2025 Plan Ongoing Plan (CB related) Authorized repurchase value Actual repurchased value US$1.2 billion Worth of ADSs repurchased Cumulatively Authorized and Actual Repurchased Value (US$ million) 28.5% Share count reduction through share repurchase plans(1) 0.54 0.72 1.08 1.30 1.54 2021 2022 2023 2024 2025 Dividend per ADS (US$) Note: (1) Share count reduction refers to (i) the total number of ADSs repurchased from June 20, 2023 to August 25, 2026, divided by (ii) the number of outstanding ADSs as of June 19, 2023, excluding the effects of ESOP. 46.0 million Total number of ADSs repurchased 0.78 0.46 2H25 1H26 Payout Ratio 27% 30%
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We Primarily Enable Financial Institutions with Our Innovative Technology Solutions… 7 Convenient Process Instant Access to Credit Personalized Products 65.6 million Users with Approved Credit Lines(2) 168 Financial Institution Partners(2) Technology Credit Borrower Acquisition Credit Assessment Post-facilitation Services Our Solutions Consumers SMEs Capital-heavy facilitation Capital-light facilitation ICE(1) Technology solutions National Banks City/Rural Commercial Banks Consumer Finance Companies Notes: (1) Refers to Intelligence Credit Engine. (2) Cumulative number as of June 30, 2026. ...
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…to Make Credit Accessible and Affordable to Underserved Borrowers 8 Home improvement Travel Geography coverage ~81% from tier 3/4 cities(1) Age 64%(1) < 40 Credit card, mortgage & auto loan holders 60%(1) (3) Borrowers Notes: (1) Data based on cumulative users with approved credit lines as of June 30, 2026. (2) 2Q26 data. (3) Refer to the users who possess a credit card or have a mortgage or auto loan, and have made at least one repayment within 6 months prior to the date when the credit line was granted. Clothing Groceries Electronics Entertainment Average drawdown RMB12.6k(2) Weighted average contractual tenor 11.6 months(2) Repeated borrowers’ loan volume contribution 89.4%(2)
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User Acquisition & Preliminary Credit Screening Technology SolutionsIntelligent Credit EngineCapital-light ModelCredit-driven Services More tech-empowered models Matching & Referral Advanced Credit Assessment Revenue Model Services Provided 2016 2018 2019 2020 Credit Risk Taking Post-facilitation Services 9 Technology service fees or consulting fees from financial institution partners Service fees from financial institution partners No Involvement High Involvement Service fees from financial institution partners Service fees from financial institution partners or interest fees from borrowers for loans funded by Fuzhou Microcredit Our Solutions
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Note: Data as of June 30, 2026. 10 65.6 million cumulative users with approved credit lines 39.9 million cumulative borrowers Borrower Referral and Offline Promotion • Robust borrower referral programs • On-the-ground sales force targeting users with more sophisticated credit demand AI-powered Online Advertising • Partner with leading internet traffic platforms • RTA-DMP Marketing System enables efficient user acquisition • Acquire users across all online life and business scenarios Embedded Finance • 81 embedded finance channel partners, including leading internet traffic platforms / payment / e- commerce / ride-hailing / smart phone companies / financial institutions Multichannel and Efficient User Acquisition With a Broad User Base
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11 Our Track Record 11 31.0 96.0 199.1 246.8 356.5 330.7 369.1 322.0 327.1 2017 2018 2019 2020 2021 2022 2023 2024 2025 180 Day+ Delinquency Rates by Vintage (2) (As of June 30, 2026) Loan Facilitation Volume(1) (RMB billion) Note: (1) Refers to the total principal amount of loans facilitated and originated during the given period, including the loan volume under credit driven services, capital-light model, Intelligence Credit Engine (“ICE”) and total technology solutions. (2) a percentage, which is equal to (i) the total amount of principal for all loans facilitated by our Group in a fiscal quarter that become delinquent for more than 180 days, less the total amount of recovered past due principal for all loans facilitated by our Group that were delinquent for more than 180 days in the same fiscal quarter, divided by (ii) the total initial principal amount of loans facilitated by our Group in such fiscal quarter; loans under Intelligent Credit Engine and total technology solutions are not included in the delinquency rate calculation. Proven Track Record of Consistent Execution with Resilient Asset Quality 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4
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AI-Empowered Credit Assessment Capabilities Create Dual Flywheel Effect 12 Notes: Data as of June 30, 2026 unless otherwise specified. (1) Refers to cumulative registered users across our platform. (2) GBST refers to optimized distributed gradient boosting survival trees library that is implemented by Qfin based on XGBoost. (3) MLP refers to Multilayer Perceptron. (4) CNN refers to Convolutional Neural Network. (5) GAT refers to Graph Attention Network. 350+ model iterations in 2Q26 720k+ data dimensions 99%+ of loan applications processed automatically High-quality Growth More Borrowers & Loans More Insights & Training Data More Accurate Credit Assessment Deeper Collaboration with Financial Institutions Superior AI-driven Credit Assessment Engine (Argus)… …… Voices Texts … Reinforcing Flywheel Effect 300 mm+ users(1) with multimodal insights Videos Images Numbers Proprietary credit score system output A-Score B-Score C-Score F-Score Collection Fraud detection Initial credit assessment Behavior monitoring & credit re-evaluation 2,700+ models enabled with cutting-edge technologies Machine Learning Deep Learning Logistic Regression XGBoost GBST(2) Random Forest …… MLP(3) CNN(4) GAT(5) DragonNet ……
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Credit is a Natural and Perfect Use Case for AI Empowerment Massive data in digitally available form for AI-powered business enablement Millions of repeating credit / repayment events to train for constantly improving credit assessment Frictionless customer experience with automated loan process Dramatic economic wins for both lenders and consumers 13
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From “AI Across Our Operations” to Technology Enablement “AI + Credit” Strategy User Acquisition Loan Application & Disbursement Loan Monitoring Collection Credit Lifecycle Ubiquitous AI Applications in Our Business 14 Intelligent Marketing Supporting the Growth Team in User Acquisition Copilot Seamlessly Supporting the Post-Credit Service Team Little Qi Providing 24/7 Personalized Intelligent Services AI Loan Officer AI Agent Powered by Credit Business Insights AI Credit Officer AI Agent Powered by Risk Assessment Insights Evolving into a Next- Generation AI Credit Super Agent Risk Mgmt. System User Acquisition System …
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15 “One Core, Two Wings” Strategy Our Vision: Becoming a Respected Global Fintech Company Core Credit Business in China Fintech Solutions for FIs Overseas Expansion Supported by Our AI+ Strategy
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Operational and Financial Data
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36.8 39.9 39.5 39.9 2Q25 2Q26 1Q26 2Q26 Continued User Base Expansion 17 Cumulative Borrowers (million) Cumulative Users with Approved Credit Lines (million) 60.2 65.6 64.8 65.6 2Q25 2Q26 1Q26 2Q26
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140.1 107.6 114.4 107.6 2Q25 2Q26 1Q26 2Q26 84.6 63.4 65.0 63.4 2Q25 2Q26 1Q26 2Q26 Loan Volume Largely Flat Amid Strict Credit Standards 41.4% % of platform services’ contribution 49.5% 48.3% 49.5% 51.1% % of platform services’ contribution 50.2% 48.7% 50.2% Outstanding Loan Balance (2) (RMB billion) Loan Facilitation Volume (1) (RMB billion) 18 Notes: (1) Refers to the total principal amount of loans facilitated and originated during the given period, including the loan volume under credit driven services, capital-light model, Intelligence Credit Engine (“ICE”) and total technology solutions. (2) Refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, including the loan balance under credit-driven services, capital-light model, Intelligence Credit Engine (“ICE”) and total technology solutions, excluding loans delinquent for more than 180 days.
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Non-GAAP Net Income (1) (RMB million) Total Net Revenue (RMB million) 19 1,849 455 946 455 2Q25 2Q26 1Q26 2Q26 Notes: (1) Excluding share-based compensation expenses. In 2Q26, the Company accrued a non-recurring tax-related expense of approximately RMB500 million, which was caused by a change in tax treatment of certain entities based on the updated interpretation of related tax regulations by the tax authorities. 5,216 3,567 3,909 3,567 2Q25 2Q26 1Q26 2Q26 Resilient Earning Despite One-off Tax Accrual
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0.21% 0.22% 0.24% 0.22% 2Q25 2Q26 1Q26 2Q26 0.78% 0.63% 0.70% 0.63% 2Q25 2Q26 1Q26 2Q26 0.92% 1.07% 1.26% 1.07% 2Q25 2Q26 1Q26 2Q26 Sales and Marketing Expense (% of Loan Facilitation Volume(1)) Facilitation, Origination and Servicing Expense (% of Loan Facilitation Volume(1)) 20 User Acquisition Costs(RMB)(2) Note: (1) Refers to the total principal amount of loans facilitated and originated during the given period, including the loan volume under credit driven services, capital-light model, Intelligence Credit Engine (“ICE”) and total technology solutions. (2) Acquisition cost per user with approved credit lines in Mainland China. 370 477 383 477 General and Administrative Expense (% of Loan Facilitation Volume(1)) Operating Expenses
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21 7.3% 6.2% 5.3% 5.2% 5.0% 5.0% 5.1% 5.4% 5.2% 4.9% 4.5% 4.3% 4.1% 4.2% 4.6% 5.0% 4.9% 4.8% 4.6% 4.8% 5.0% 5.1% 5.5% 6.1% 5.7% 5.6% 84.0% 87.5% 89.6%90.4%90.3%90.8% 89.3% 87.1%86.0%85.8%86.4% 84.7% 86.2%87.2%86.7% 84.9%85.1%86.3%87.4%88.1%88.1%87.3% 85.7% 84.1% 85.8% 88.1% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 D1 Delinquency Rate 30 Day Collection Rate Notes: (1) D1 delinquency rate is defined as (i) the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that was due for repayment as of such date. (2) 30 day collection rate is defined as (i) the amount of principal that is repaid in one month among the total amount of principal that is overdue as of a specified date, divided by (ii) the total amount of principal that is overdue as of such specified date. (2)(1) Improved Risk Metrics Driven by Stricter Risk Strategies
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THANK YOU