Wolf Haldenstein Adler Freeman & Herz LLP announced that a class action lawsuit was filed on behalf of investors who purchased Qfin Holdings, Inc. ADRs (U.S.-traded receipts representing foreign shares) between March 18 and Aug. 25, 2026. The complaint alleges that Qfin and its executives overstated the resilience and stability of the company’s business and financial results, while downplaying the effects of regulatory changes and broader regulatory pressure. Qfin’s second-quarter results, released after the market closed on Aug. 25, showed a 31.6% year-over-year revenue decline to RMB 3.57 billion, a 76.8% drop in net income and an unexpected RMB 500 million tax expense. Management also forecast a 67% to 73% year-over-year decline in third-quarter non-GAAP net income, citing rising funding costs and liquidity shocks in China’s consumer credit market. Qfin ADRs fell $2.18, or 18.91%, to $9.35 on Aug. 26. Eligible investors have until Nov. 30, 2026, to seek appointment as lead plaintiff.