Xiaoxiong (Alex) Ye's questions to Qifu Technology Inc (QFIN) leadership • Q1 2025
Question
Xiaoxiong (Alex) Ye from UBS asked for details on the consecutive quarterly rise in the day-1 delinquency ratio and its impact on the C2M2 ratio, and also inquired about credit demand trends in April and May amid external uncertainties.
Answer
An executive, via translator Karen Ji, explained the day-1 delinquency increase was due to a loan mix shift, with a higher percentage of volume from embedded finance channels, and that overall asset quality remains healthy. CFO Zuoli Xu added that April's daily loan volume was consistent with March, and while May saw a slight seasonal dip, Q2 loan volume is expected to remain on track with initial plans.