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360 Finance

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, CNMap
Websiteir.360jinrong.net

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)691
Revenue (FY, 2017)¥309.1 M(+514987%)
Share Price (Oct 2019)$9

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 ¥309.05 m in FY, 2017 which is a 514986.7% increase from the previous period.
CNY

Revenue (Q3, 2018)

642.6m

Gross profit (Q3, 2018)

467.8m

Gross profit margin (Q3, 2018), %

72.8%

Net income (Q3, 2018)

102.7m

EBIT (Q3, 2018)

153.6m

Market capitalization (16-Oct-2019)

1.1b

Closing stock price (16-Oct-2019)

9.0

Cash (31-Dec-2017)

468.5m
360 Finance's current market capitalization is $1.1 b.
Annual
CNYFY, 2016FY, 2017

Revenue

60.0k309.1m

Revenue growth, %

514987%

Cost of goods sold

1.6m345.6m

Gross profit

(1.5m)(36.5m)
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%
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CNYFY, 2016FY, 2017

Cash

6.2m468.5m

Accounts Receivable

7.7m132.5m

Prepaid Expenses

4.7m33.1m

Current Assets

79.0m2.6b
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CNYFY, 2016FY, 2017

Net Income

(21.8m)(166.4m)

Depreciation and Amortization

201.0k1.3m

Cash From Operating Activities

(68.5m)(111.0m)

Purchases of PP&E

(2.4m)(7.1m)
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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

Acquired CompanyDateDeal 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 Online and Social Media Presence

360 Finance's Trends

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360 Finance News and Updates

August 23, 2019

360 Finance (QFIN) Alert: Johnson Fistel Launches Investigation into 360 Finance, Inc.; Investors Encouraged to Contact Firm

SAN DIEGO, Aug. 23, 2019 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance") for violations of federal securities laws. 360 Finance operates a digital consumer finance platform under...
August 23, 2019

360 Finance Announces Change of Management and Board Composition

SHANGHAI, Aug. 23, 2019 /PRNewswire/ -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that Mr. Jun Xu has resigned from his roles as the Company's director and chief executive officer due to personal and...
August 21, 2019

360 Finance to Announce Second Quarter 2019 Unaudited Financial Results on August 23, 2019

BEIJING, Aug. 21, 2019 /PRNewswire/ -- 360 Finance, Inc. (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, 2019, before the open of U.S. markets on...
June 22, 2019

360 Finance Announces Proposed Follow-on Public Offering of American Depositary Shares

SHANGHAI, China, June 21, 2019 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) re…
June 05, 2019

360 Finance Strengthens Relationship with China Bohai Bank by Signing Comprehensive Strategic Cooperation Agreement

SHANGHAI, China, June 05, 2019 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it has signed a comprehensive strategic cooperation agreement with China Bohai Bank Co., Ltd. (“China Bohai Bank”), a nati…
May 31, 2019

360 Finance Wins the Achievement in Credit Risk Management Award for 2019 by The Asian Banker

SHANGHAI, China, May 31, 2019 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, announced today that it has won The Achievement in Credit Risk Management Award for 2019, and Best Process Automation Initiative Application or …
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360 Finance Blogs

July 19, 2019

360 Finance Announces Completion of Issuance of RMB 1 Billion Asset-Backed Securities

SHANGHAI, China , July 19, 2019 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it has completed the issuance of RMB 1 billion asset-backed securities (“ABS”), which are listed for trading on
July 10, 2019

Mr. Andrew Y Yan

Mr. Andrew Y Yan ronahritzell.a… Wed, 07/10/2019 - 07:10 Member of the Audit Committee Member of the Nominating and Corporate Governance Committee Chair of the Compensation Committee Mr. Andrew Y Yan Independent Director Mr. Andrew Y Yan is the founding managin…
July 10, 2019

360 Finance Announces Change to Board of Directors

360 Finance Announces Change to Board of Directors Content Import Wed, 07/10/2019 - 07:01 360 Finance Announces Change to Board of Directors 10.07.2019 This release is a backfill from a News Wire General SHANGHAI, China, July 10, 20…
June 13, 2019

360 Finance Signs Strategic Cooperation Agreement with Tianjin Rural Commercial Bank to Offer Financing Services to Rural Areas

360 Finance Signs Strategic Cooperation Agreement with Tianjin Rural Commercial Bank to Offer Financing Services to Rural Areas Content Import Thu, 06/13/2019 - 08:31 360 Finance Signs Strategic Cooperation Agreement with Tianjin Rural Commercial Bank to Offer Financing Services to Rural A…

 360 Finance Frequently Asked Questions

  • When was 360 Finance founded?

    360 Finance was founded in 2016.

  • How many employees does 360 Finance have?

    360 Finance has 691 employees.

  • What is 360 Finance revenue?

    Latest 360 Finance annual revenue is ¥309.1 m.

  • What is 360 Finance revenue per employee?

    Latest 360 Finance revenue per employee is ¥447.3 k.

  • Who are 360 Finance competitors?

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

  • 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.