Professional
Added to YB: 2024-09-27
Pitch date: 2024-09-26
QFIN [bearish]
Qfin Holdings, Inc.
+43.6%
current return
Author Info
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Company Info
Qfin Holdings, Inc., together with its subsidiaries, operate AI- driven credit-tech platform under the Qifu Jietiao brand in the People’s Republic of China.
Market Cap
$14.0B
Pitch Price
$26.77
Price Target
N/A
Dividend
9.77%
EV/EBITDA
1.06
P/E
2.18
EV/Sales
0.51
Sector
Consumer Finance
Category
special_situation
We Believe Qifu Technology, Inc. (NASDAQ: QFIN) is a China Hustle Stock with Outright Fake Financials, Fraudulent Backers, and an Imploding Business
QFIN short: SAIC data reveals massive profit overstatement vs SEC filings. Unsustainable dividend/buyback. Controlling shareholder Zhou's poor track record, fraud allegations. Related party Shanghai Qibutianxia likely used to manipulate financials. Rising delinquencies, decreasing provisions. Off-balance sheet loans hide true leverage. Interest rates exceed legal limits, risking regulatory crackdown.
Read full article (14 min)