Qfin faces shareholder class action after ADS falls 18.91%

  • Rosen Law Firm announced a securities class action involving Qfin Holdings, Inc.
  • Qfin ADS fell $2.18, or 18.91%, to close at $9.35.
  • Investors bought Qfin securities during the March 18-August 25, 2026, class period.

Qfin Holdings, Inc. faces securities class-action litigation over allegations that it overstated the resilience of its business and understated the impact of regulatory changes on financial results. Rosen Law Firm announced the action for investors who purchased Qfin securities between March 18 and August 25, 2026, while Robbins LLP previously publicized the case. Qfin reported on August 25 that second-quarter and interim 2026 unaudited total net revenue fell 31.6% year over year to approximately RMB 3.57 billion, while net income declined 76.8% to RMB 401.4 million. The results included an unexpected RMB 500 million tax expense, and the company forecast a 67% to 73% year-over-year drop in third-quarter non-GAAP net income. Qfin’s American depositary share price fell $2.18, or 18.91%, to $9.35 on August 26. Investors must move the court by November 30, 2026, to seek lead-plaintiff status. No class has been certified, and investors can remain absent class members or choose their own counsel.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.