Qifu Technology, Inc. reported its financial results for the fourth quarter and full year of 2024, with a slight year-over-year revenue increase of less than 3% to $614.1 million for the quarter. Despite the modest top-line growth, the company achieved an 8% rise in adjusted net income, surpassing analyst expectations. For the full year, Qifu's earnings per American depositary share (ADS) increased by 56% to $5.81. The company also announced a semiannual dividend increase to $0.70 per ADS for the second half of 2024, following a $0.60 distribution in the first half. This marks a continuation of Qifu's trend of increasing dividends annually since initiating a variable distribution policy in 2021. Qifu's business model focuses on providing credit solutions to consumers and small to medium businesses in rural China, leveraging artificial intelligence to enhance its credit assessment tools. The company serves a significant portion of its users in Tier 3 and Tier 4 cities, with 70% of its borrowers being under 40 years old. The stock increased by 8.91% following the earnings report, and despite more than tripling in value over the past year, it remains valued at just 2.6 times its 2024 earnings.