Qfin Q2 Net Income Plunges 54% on RMB500M Tax Charge; Revenue RMB3.57B
QFIN is trading near its 52-week low of $10.85 (6.9% below the low) on elevated volume (5.7× avg).
Summary
Qfin reported Q2 2026 net income of RMB401.4M, down 54% sequentially, hit by a RMB500M non-recurring tax charge. Total net revenue was RMB3,566.6M and adjusted net income per ADS was RMB3.72. The company also declared a semi-annual dividend. This follows the 6-K filed earlier today with the same figures; the news adds the dividend declaration and revenue/ADS details. The stock is trading near its 52-week low, and the sharp profit decline despite solid revenue suggests margin pressure from the tax item. Watch for management commentary on the tax charge's one-time nature and any forward guidance.
At the time of this announcement, QFIN was trading at $10.10 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $10.85 to $32.69. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.