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    Xiaoxiong (Alex) Ye

    Research Analyst at UBS Group AG

    Xiaoxiong (Alex) Ye is an Equity Analyst at UBS Securities (Asia) Ltd., specializing in research and analysis within the fintech and technology sectors. He actively covers companies such as Qifu Technology Inc. and FinVolution Group, where his investment recommendations and price target revisions have demonstrated a keen market understanding, including notable upgrades tracked by financial media. Since joining UBS in November 2017, Ye has built on prior analytical experience at BOCI Research Ltd., contributing insights across a range of Chinese market segments. His professional credentials include finance industry analyst roles and a growing track record in equity research, actively participating in earnings calls and industry forums.

    Xiaoxiong (Alex) Ye's questions to Qfin Holdings (QFIN) leadership

    Xiaoxiong (Alex) Ye's questions to Qfin Holdings (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.

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