Shulou(Shulou.com)11/24 Report--

CTOnews.com November 14 news, According to the Hong Kong Stock Exchange documents, November 14,360 digital division in the Hong Kong Stock Exchange submitted after the hearing data set, Joint sponsors for Citigroup and CICC.

According to the post-hearing data set, the company is a Chinese credit technology platform established in 2016. Its services include assisting financial institutions, consumers and small and micro enterprises in the loan life cycle. Its services include borrower acquisition, initial credit evaluation, fund matching and post-loan services, with 360 loan application as its main user interface. As of June 30,2022, the company had matched loans totaling approximately RMB1127.5 billion (US$168.3 billion) to 25.6 million borrowers. As at the same date, the cumulative number of approved credit facilities reached 41.3 million. As of June 30,2022, the balance of matched consumption loans amounted to RMB131.1 billion (US$19.6 billion).

Information disclosure, raised funds will be used for additional R & D investment, expansion of customer acquisition scale, etc. In 2020, 2021 and the first half of 2022, the Company's R & D expenses increased by 40.9%, 35.5% and 58.8% respectively as compared with the previous cycle, and the R & D team accounted for 43.7% of the total number of employees.

CTOnews.com learned that the financial report showed that the operating income of 360 digital departments listed in the United States reached 4.1832 billion yuan in the second quarter, up 4.5% year-on-year, net profit was 975 million yuan, down 37% year-on-year; net profit under non-GAAP was 1.0217 billion yuan, down 36.7% year-on-year. In terms of operation data, the transaction amount of 360 digital branches in the second quarter was RMB 98.281 billion yuan, an increase of 11.1% compared with the same period in 2021, and the loan balance reached RMB 150.49 billion yuan, with a year-on-year growth of 28%.

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