Qfin Holdings Inc (3660.HK) saw its stock price plummet by 8.20% in early trading on Wednesday, despite reporting strong third-quarter results. The sharp decline comes as investors appear to be focusing on the company's fourth-quarter guidance, which fell short of market expectations.
In its third-quarter financial report released before the market opened, Qfin Holdings announced a net income of RMB1,432.5 million on total net revenue of RMB5,205.7 million. While these figures demonstrate solid performance for the quarter, the company's outlook for the fourth quarter seems to have spooked investors.
Qfin Holdings provided guidance for the fourth quarter, projecting net income between RMB0.92 billion and RMB1.12 billion, and non-GAAP net income between RMB1.0 billion and RMB1.2 billion. Additionally, for the full year 2025, the company expects to generate net income between RMB5.88 billion and RMB6.08 billion. The market's negative reaction suggests that these projections may have fallen short of analyst and investor expectations, leading to the significant sell-off in early trading.
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