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Income Statement (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 4.16B | 23.5% |
| Gross Profit | 2.36B | 50.6% |
| Cost of Revenue | 1.8B | 0% |
| Net Income | 1.38B | 0% |
| EBITDA | 2.08B | 0% |
Balance Sheet (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 47B | 0% |
| Total Liabilities | 24.4B | 0% |
| Total Equity | 22.6B | 0% |
| Shares Outstanding | 155M | 0% |
Cash Flow (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.96B | 0% |
| Cash from financing | -768M | 0% |
Financial Highlights for Qifu Technology in Q2 '24
Qifu Technology reported a revenue of 4.16B, which is a 23.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.36B, marking a 50.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.8B, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Net Income for the quarter was 1.38B, showing a 0% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.08B, showing a 0% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
The company's performance remained stable this quarter with no significant positive or negative changes in the key financial metrics. Higher operating expenses might indicate increased investments or potential inefficiencies.
