– Proactively Adjusts Business Structure, Deeply Empowers Core Scenarios with AI
March 31 2026, VCREDIT Holdings Limited (VCREDIT or the Group; HKG: 2003), a leading technology-driven consumer financial service provider in China, today announced its audited consolidated results for the year ended December 31, 2025 (the Year).
During the Year, as the external environment remained complex and challenging, the Group dynamically optimized its strategies and strengthened risk management to enhance operational efficiency. It also consolidated its business framework, committed to building a secure and compliant digital financial ecosystem. The Group adopted a prudent strategic approach, advancing steadily while dynamically assessing new market opportunities.
During the Year, the Group’s loan origination volume in the Chinese mainland reached RMB58.45 billion. Cumulative registered users increased to 171 million, representing an increase of 8.2% from the end of 2024. The Group’s total income remained relatively stable at RMB3,870.9 million.
Prudently Optimizing Business Structure and Consolidating High-Quality Customer Base
Facing changes in the macroeconomic environment, the Group strengthened risk control and cost optimization, advancing its business prudently and gradually shifting its focus toward relatively higher-quality customer segments and more sustainable business models. By deepening ecosystem partnerships with multiple industry platforms, the Group refined its end-to-end intelligent customer acquisition and operation systems, and continued to optimize its funding partnership structure to enhance business resilience.
Building upon its continuously enhanced technological capabilities, the Group focused on maintaining its base of high-quality users, intensifying collaborations with premium platforms across various sectors, including a leading comprehensive retail e-commerce provider, online travel service platforms, smart devices companies, and a map service provider. By establishing an intelligent outreach system integrating “smart SMS and AI-powered outbound calls,” the Group created a full-cycle customer acquisition closed loop, encompassing precise screening, layered outreach, and efficient conversion.
In operating its existing customer base, the Group implemented a two-dimensional strategy combining willingness models with risk models to execute refined and differentiated operations and services for various customer segments. Adhering to a “customer-centric” service philosophy, the Group fully integrated consumer rights protection into the entire product and service lifecycle. During the Year, repeat borrowers accounted for 80.7% of the total loan origination volume for its business in the Chinese mainland, demonstrating sustained user loyalty.
Upgrading Technology-Driven Capabilities with AI Empowering Multiple Business Scenarios
Technology serves as a core strategic driver for the Group’s sustainable business development. In 2025, centered on artificial intelligence (AI), the Group continued to advance the evolution from tool-based usage to systematic intelligence. Through the integration of causal inference algorithms into its “Hummingbird” intelligent risk control platform, the Group focused on enhancing risk identification capabilities and model stability within complex customer segments and volatile market environments. The application of the AI-powered marketing robot effectively contributed to improvements in customer acquisition conversion and customer value.
Simultaneously, intelligent agent technologies, such as the “Digital Operations Engineer,” have extended automation capabilities across the entire R&D and operational lifecycle. Currently, approximately 30% of code generation and standardized operational procedures are automated, solidifying the efficiency foundation. To address long-term technology trends, the Group has initiated specialized research on financial vertical large language models in collaboration with scientific research institutions and continues to explore technological integration with traditional finance and the Web3.0 ecosystem. The Group’s research and development expenses for the Year increased by 43.9% year-on-year, reflecting the Company’s continued investment in technological capabilities.
Steadily Advancing International Exploration and Expanding New Business Horizons
While deepening its core consumer finance business in the Chinese mainland, the Group continued to advance its strategic expansion into new markets. Its Hong Kong business, “CreFIT,” consistently deepened collaborations with high-quality platforms to broaden its customer base and launched a loan service featuring instant approval via WhatsApp, seeking to embed financial services into users’ daily scenarios. Meanwhile, the Group formally entered the Indonesian market by launching its licensed Information Technology-Based Joint Funding Services (LPBBTI), marking an important milestone. Leveraging its proven operational experience, the Group looks forward to creating sustainable value for shareholders of the Group.
Outlook: Focusing on Quality and Sustainability
Looking ahead, VCREDIT noted that the macroeconomic landscape and industry regulatory framework are evolving dynamically. The Group will continue to leverage its established capabilities in risk management and technology, while rationally embracing industry trends and innovations. Future strategies will focus on: refining and adapting credit solutions to serve high-quality customers; improving operational efficiency and risk management capabilities by continuously advancing AI technologies in core business scenarios; reinforcing long-term partnerships with licensed financial institutions and premium cross-industry scenario partners; and cautiously evaluating potential investment opportunities, pursuing appropriate arrangements as they align with long-term goals to support steady and high-quality business development.