360 DigiTech, Inc. (NASDAQ:QFIN) Q4 2022 Earnings Call Transcript

Karen Ji: Okay. From risk appetite perspective, we will take a prudent credit assessment approach in this year, so we can see the further improvement in our risk performance in 2023. For example, our day-one delinquency rate in February has come down to 4.1%. And the 30-day collection rate, also recovered to a level €“ the highest level in last year, in February, and we believe in March, those two indicators will further improve. So in this year, overall risk performance will be better than last year. Our guidance is based on the assumption that the recovery of the macro environment will improve the outlook for the employment and the personal income and eventually benefit the credit needs recovery. And at the same time, we believe, there is assumption that our risk performance will continue to improve down the road.

So this year, if the things getting better, then all the recovery of the credit needs and the risk performance accelerated in this year, we will also consider to adjust our growth pace. This is our answer.

Operator: Thank you very much. With that, I’d like to hand the call back to the management for closing.

Alex Xu: Okay. Thank you, again, everyone for joining us for the meeting. And if you have additional questions, please feel free to contact us offline. Thank you. Bye-bye.

Operator: That does conclude today’s conference call. Thank you for your participation. You may now disconnect your lines.