OverviewSuggest Edit

360 Finance is a digital consumer finance platform. It provides tailored online consumer finance products to prime, underserved borrowers funded primarily by its funding partners. 

TypePublic
Founded2016
HQShanghai, CN
Websiteir.360jinrong.net

Latest Updates

Employees (est.) (Nov 2020)1,891
Revenue (FY, 2019)$1.3 B(+105%)
Share Price (Mar 2021)$25.3 (+2%)
Cybersecurity ratingAMore

Key People/Management at 360 Finance

Haisheng Wu

Haisheng Wu

Chief Executive Officer and Director
Jiang Wu

Jiang Wu

Chief Financial Officer
Zhiqiang He

Zhiqiang He

Vice President
Yan Zheng

Yan Zheng

Vice President
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360 Finance Office Locations

360 Finance has an office in Shanghai
Shanghai, CN (HQ)
Exchange Center Building B No. 1701 Century Avenue No. 555 Pudian Road
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360 Finance Financials and Metrics

360 Finance Revenue

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360 Finance's revenue was reported to be $1.32 b in FY, 2019
USD

Revenue (FY, 2019)

1.3b

Gross profit (FY, 2019)

1.2b

Gross profit margin (FY, 2019), %

88.2%

Net income (FY, 2019)

2.5b

EBIT (FY, 2019)

2.9b

Market capitalization (3-Mar-2021)

3.9b

Closing stock price (3-Mar-2021)

25.3

Cash (31-Dec-2019)

302.8m

EV

3.8b
360 Finance's current market capitalization is $3.9 b.
Annual
CNYFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

60.0k309.1m646.8m1.3b

Revenue growth, %

514987%

Cost of goods sold

1.6m345.6m106.0m155.6m

Gross profit

(1.5m)(36.5m)540.8m1.2b
Quarterly
CNYQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

503.0k503.0k11.8m308.6m434.3m642.6m

Cost of goods sold

16.9m19.3m40.6m99.7m229.0m174.8m

Gross profit

(16.4m)(18.8m)(28.9m)208.9m205.4m467.8m

Gross profit Margin, %

(3258%)(3731%)(245%)68%47%73%
CNYFY, 2016FY, 2017FY, 2018FY, 2019

Cash

6.2m468.5m1.4b302.8m

Accounts Receivable

7.7m132.5m1.8b

Prepaid Expenses

4.7m33.1m109.0m652.5m

Current Assets

79.0m2.6b7.3b2.8b
CNYFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(21.8m)(166.4m)1.2b2.5b

Depreciation and Amortization

201.0k1.3m547.0k7.6m

Cash From Operating Activities

(68.5m)(111.0m)41.5m427.1m

Purchases of PP&E

(2.4m)(7.1m)(8.6m)(3.7m)
USDFY, 2016

Financial Leverage

-4.1 x
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360 Finance Operating Metrics

360 Finance's Borrowers was reported to be 6.4 m in Q3, 2018.
Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018

Borrowers

56 k327 k748 k1.54 m2.29 m3.16 m4.69 m6.44 m

Loans Originated

$433 m$2.71 b$5.12 b$10.40 b$12.76 b$14.77 b$21.28 b$26.93 b

Outstanding Loan Balance

¥321 m¥1.80 b¥3.93 b¥8.15 b¥12.17 b¥17.33 b¥26.27 b¥34.34 b

Users With Approved Credit Lines

106 k527 k1.13 m2.26 m3.30 m4.65 m7.16 m9.64 m
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360 Finance Acquisitions / Subsidiaries

Company NameDateDeal Size
Fuzhou 360 Financing Guarantee Co.
Fuzhou 360 Online Microcredit Co.
HK Qirui International Technology Company Limited
Shanghai Qiyue Information & Technology Co.
Shanghai Qiyu Information & Technology Co.

360 Finance Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

360 Finance Online and Social Media Presence

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360 Finance News and Updates

360 Finance Announces Result of Extraordinary General Meeting and Name Change Effectiveness

SHANGHAI, China, Sept. 15, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a data driven, technology empowered digital platform, today announced that, at its extraordinary general meeting of shareholders held today, shareholders of the Company adopted th…

360 Finance to Announce Second Quarter 2020 Unaudited Financial Results on August 24, 2020

SHANGHAI, China, Aug. 17, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2020, before the open of U.S.…

360 Finance Announces Changes to Management

SHANGHAI, China, July 12, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced the appointment of Mr. Alex Xu as the Chief Financial Officer of the Company in replacement of Mr. Jiang Wu, and the ap…

360 Finance Selected for the 2020 CB Insights China Fintech 50 List

BEIJING, June 29, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that it has been selected for the 2020 CB Insights China Fintech 50 List (the “List”). The List was released during the Future …

Nasdaq-listed 360 Finance may kick off HK listing end-2020 - sources

Nasdaq-listed 360 Finance Inc may kick off its Hong Kong listing process as soon as December, two sources familiar with the matter said, as U.S.-listed Chinese firms pursue dual listings amid uncertain Sino-U.S. relations.

360 Finance Among First Wave of Companies to Register its Financial Services App with China's NIFA

BEIJING, June 3, 2020 /PRNewswire/ -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that its mobile application "360 Jietiao" was among the first batch of financial services apps from 33 companies to...
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360 Finance Blogs

Alex Xu

Alex Xu jo-en.bautista… Thu, 07/30/2020 - 06:13 Mr. Alex Xu Chief Financial Officer Mr. Alex Xu has been serving as our Senior Advisor since October 2019. Mr. Xu has extensive experiences in capital market, corporate finance and business management. Prior to jo…

Eric Xiaohuan Chen

Eric Xiaohuan Chen ronah.alquiros… Thu, 05/28/2020 - 21:56 Mr. Eric Xiaohuan Chen Director Mr. Eric Xiaohuan Chen has served as our director since November 2019. Mr. Chen also serves as a director of a number of privately owned companies based in China. Mr. Chen…

Dan Zhao

Dan Zhao ronah.alquiros… Thu, 05/28/2020 - 21:56 Mr. Dan Zhao Director Mr. Dan Zhao is currently the vice president of 360 Group. Before joining 360 Group in January 2013, Mr. Zhao served as a senior manager of internal audit in Alibaba Group (NYSE: BABA) from N…

360 Finance Announces Completion of Issuance of RMB300 Million Asset-Backed Securities

360 Finance Announces Completion of Issuance of RMB300 Million Asset-Backed Securities ronah.alquiros… Tue, 05/26/2020 - 07:13 360 Finance Announces Completion of Issuance of RMB300 Million Asset-Backed Securities May 26,2020 This release is a backfill from a …

360 Finance Announces Initiation of Coverage by Morgan Stanley

SHANGHAI, China, May 8, 2020 -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that Morgan Stanley recently initiated coverage on the Company. The management of 360 Finance commented, “Morgan Stanley initiated coverage

360 Finance Filed 2019 Annual Report on Form 20-F

SHANGHAI, China , April 30, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and
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360 Finance Frequently Asked Questions

  • When was 360 Finance founded?

    360 Finance was founded in 2016.

  • Who are 360 Finance key executives?

    360 Finance's key executives are Haisheng Wu, Jiang Wu and Zhiqiang He.

  • How many employees does 360 Finance have?

    360 Finance has 1,891 employees.

  • What is 360 Finance revenue?

    Latest 360 Finance annual revenue is $1.3 b.

  • What is 360 Finance revenue per employee?

    Latest 360 Finance revenue per employee is $700.3 k.

  • Who are 360 Finance competitors?

    Competitors of 360 Finance include Stride Health, ZipLoan and Karat.

  • Where is 360 Finance headquarters?

    360 Finance headquarters is located at Exchange Center Building B No. 1701 Century Avenue No. 555 Pudian Road, Shanghai.

  • Where are 360 Finance offices?

    360 Finance has an office in Shanghai.

  • How many offices does 360 Finance have?

    360 Finance has 1 office.