360 Finance, Inc. (QFIN) Misses Q3 EPS by 26c

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360 Finance Announces Third Quarter 2019 Unaudited Financial Results

November 27, 2019 6:25 AM EST

SHANGHAI, China, Nov. 27, 2019 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (360 Finance or the Company), a leading digital consumer finance platform, today announced its unaudited financial results for the third quarter ended September 30, 2019.

Third Quarter Operational Highlights

Loan origination volume*1 was RMB55,965 million, an increase of 108% from RMB26,925 million in the same period of 2018, and an increase of 16% from RMB48,378 million in the second quarter of 2019.Outstanding loan balance*2 was RMB70,568 million as of September 30, 2019, an increase of 106%... More