Company Reports Q1 Revenue of RMB 915.1M
Reports Q1 revenue RMB915.1M vs. RMB1.55B last year. Total loans facilitated in Q1 were RMB8.9B, down 26% vs. RMB12.0B in 4Q25 and down 42% vs. RMB15.2B in the same period of 2025. "During the first quarter of 2026, we continued to demonstrate resilience and strong execution across our businesses," said CEO Ning Tang. "We maintained a highly disciplined approach in our credit solutions business while driving robust customer growth in our insurance brokerage business, further diversifying our revenue streams. At the same time, we are rapidly advancing our 'All-in-AI' strategy, deepening AI integration across our existing operations and actively expanding our AI application portfolio. Each of these steps accelerates our evolution into an AI-native, multi-industry operating platform, which we expect will unlock significant new growth and enduring value for our company." "The credit performance of our newly originated loan assets continued to improve during the quarter, and the overall quality of our loan portfolio has successfully stabilized," CFO William Hui said. "The underlying risk trends of our legacy book continue to improve, and we expect to see more meaningful profitability gains in the second half of the year. Meanwhile, we remain focused on optimizing capital allocation and improving investment efficiency to further strengthen our financial position and long-term competitiveness."
