In Q1, total loan origination and the facilitation volume reached RMB 98.8 billion, up 33% year on year and 2% Q on Q. Outstanding loan balance reached RMB 146.7 billion, up 44% year on year and 3% Q on Q. Despite the seasonal impact from the Chinese New Year and the macro and COVID headwinds, our solid performance continued to demonstrate the resilience and flexibility of our operations.
360 DigiTech, Inc. Sponsored ADR (QFIN) closed the most recent trading day at $14.52, moving +0.62% from the previous trading session.
Ladies and gentlemen, thank you for standing by, and welcome to the 360 DigiTech fourth quarter and full year 2021 earning conference call. At this time, I would like to turn the conference call over to Ms. Mandy Dong, IR director.