Qfin Holdings names Yan Zheng CEO as analysts set a USD 12.29 target for Qfin Holdings stock

Published on 10/16/2026 at 03:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Yan Zheng became CEO on September 21, 2026 after Haisheng Wu stepped aside. For Qfin Holdings stock, Q2 revenue fell to RMB 3.57 billion, down 31.6 percent.

Leadership and earnings pressure

Qfin Holdings appointed Yan Zheng CEO effective September 21, 2026, following 18 years in consumer finance risk management.
Second-quarter revenue fell 31.6 percent to RMB 3.57 billion, while net income declined 76.8 percent year over year.
MarketBeat listed a USD 12.29 consensus target and estimated the next earnings date as November 18, 2026.

QFIN, KYG8851G1001, Illustration mit AI erstellt.

Qfin Holdings (ISIN KYG8851G1001) appointed Yan Zheng as chief executive officer effective September 21, 2026, while the stock remains shaped by a sharp second-quarter slowdown. In its September 20 announcement, Qfin Holdings said Haisheng Wu would leave the CEO role and focus on international business development.

Three dates shape QFIN

The chronology shows a business under pressure. On August 25, 2026, Qfin reported second-quarter revenue of RMB 3.57 billion, down 31.6 percent year over year, while net income fell 76.8 percent to RMB 401.4 million, according to GlobeNewswire. On September 20, 2026, the company announced Yan Zheng's appointment, citing his 18 years of consumer finance risk management experience. On October 13, 2026, Glancy Prongay Wolke and Rotter said investors had until November 30, 2026, to seek lead plaintiff status in a securities class action, as reported by GlobeNewswire.

What does Q2 say about earnings?

The earnings figures point to a difficult operating reset rather than a single weak metric. Qfin's reported revenue declined from RMB 5.22 billion in the comparable period to RMB 3.57 billion, while third-quarter non-GAAP net income guidance called for a 67 percent to 73 percent year-over-year decline, according to GlobeNewswire. The cited release attributed the pressure to industry contraction, tighter regulation and a liquidity shock in late June.

The next two dates

MarketBeat listed November 18, 2026, as the estimated next earnings date and reported a USD 12.29 consensus price target based on eight research reports. The November 30, 2026 litigation deadline is the second dated event disclosed by GlobeNewswire.

Stock valuation and market context

QFIN was last at USD 5.82 on NASDAQ on October 15, 2026 at 4:00 p.m. ET. Its 52-week range was USD 5.57 to USD 27.59, and market capitalization stood at USD 757.7 million on that date. The valuation backdrop is therefore defined by a wide gap between the latest reported operating results, the estimated November reporting date and the consensus target.