Jiayin Group (NASDAQ: JFIN ), a fintech company operating primarily in China, released its Q1 FY2025 report on June 4, which included, among other things, a whopping EPS increase of almost 100% QoQ. The outstanding results got a strong response from theWelcome to my author's site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is t ...

Jiayin Group (JFIN) Q1 2025 Earnings Call June 04, 2025 08:00 AM ET Company Participants Sam Lee - Head - IRYifang Xu - Chief Risk Officer & DirectorChunlin Fan - Chief Financial OfficerYuxuan Chen - VP - Quant Trader of Prop Trading Conference Call Participants None - Analyst Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Jiayin Group's First Quarter twenty twenty five Earnings Conference Call. Currently, all participants are in a listen only mode. Later, we will con ...

Jiayin Group (JFIN) Q1 2025 Earnings Call June 04, 2025 08:00 AM ET Speaker0 Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Jiayin Group's First Quarter twenty twenty five Earnings Conference Call. Currently, all participants are in a listen only mode. Later, we will conduct a question and answer session and instructions will follow at that time. As a reminder, we are recording today's call. If you have any objections, you may disconnect at this time. I will now turn the call ...

-- First Quarter Total Loan Facilitation Volume Grew 58.2% to RMB35.6 billion, compared with the same period of 2024 ---- First Quarter Net Revenue Grew 20.4% to RMB1,775.6 million, compared with the same period of 2024 -- SHANGHAI, China, June 04, 2025 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Operational and Financial Hi ...

SHANGHAI, China, May 28, 2025 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced that it will release its unaudited financial results for the first quarter of 2025 before the U.S. market opens on Wednesday, June 4, 2025. The Company will conduct a conference call to discuss its financial results on Wednesday, June 4, 2025 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day). What:Jiayin Group First Q ...

Core Viewpoint - Jiayin Group Inc. has filed its annual report for the fiscal year ended December 31, 2024, with the SEC, highlighting its position as a leading fintech platform in China [1]. Group 1: Company Overview - Jiayin Group Inc. is a prominent fintech platform in China, established in 2011, focused on connecting underserved individual borrowers with financial institutions [3]. - The company operates a secure platform featuring a comprehensive risk management system and a proprietary risk assessment model that utilizes advanced big data analytics and algorithms [3]. Group 2: Financial Reporting - The annual report includes audited consolidated financial statements and is available for shareholders and ADS holders upon request [2].

Financial Performance - The consolidated VIE had accumulated deficits of RMB965 million, RMB636 million, and RMB614 million (US$84 million) as of December 31, 2022, 2023, and 2024, respectively [47]. - Cash dividends received from PRC subsidiaries were nil, RMB157.7 million, and RMB303.7 million (US$41.6 million) for the years 2022, 2023, and 2024, respectively [50]. - As of the date of the report, dividends of RMB461.4 million (US$63.2 million) have been made to the Parent by its subsidiaries [52]. - Jiayin Technology paid a cash dividend of RMB400 million to its shareholders in March 2018 before entering into the Contractual Arrangements [53]. - The company reported a net income of RMB 1,056,468 for the year ended December 31, 2024, a decrease from RMB 1,297,576 in 2023, indicating a decline of about 18.6% [66][66]. - The equity in earnings of subsidiaries and VIEs for the year ended December 31, 2024, was RMB 1,095,954, a decrease from RMB 1,720,422 in 2023, reflecting a decline of approximately 36.2% [66][66]. - The company reported net cash provided by operating activities of RMB 1,425,488 for the year ended December 31, 2024, compared to RMB 389,588 in 2023, indicating a significant increase [67][67]. - The total loan facilitation volume facilitated through the platform was RMB55.5 billion in 2022, RMB88.1 billion in 2023, and is projected to reach RMB100.8 billion (US$13.8 billion) in 2024 [114]. Regulatory Environment - The PRC companies can only pay dividends out of retained earnings, which are determined according to PRC accounting standards [56]. - The company does not anticipate needing approvals from the CAC or other PRC government authorities for future offerings of securities to foreign investors [68]. - The CSRC has implemented new regulations requiring domestic enterprises to complete filing procedures for future offerings within three business days after closing [69]. - There is uncertainty regarding the approval process from the CSRC and CAC, which may significantly impact the ability to offer securities and could adversely affect financial conditions [71]. - The likelihood of being subject to cybersecurity review by the CAC is considered low, as the company and its consolidated VIE are not recognized as critical information infrastructure operators [72]. - Regulatory changes could impose additional compliance requirements, potentially hindering the ability to offer securities and affecting financial results [76]. - The company operates through a VIE structure, which may face scrutiny under PRC laws, impacting the enforceability of contractual arrangements and financial performance [77]. - The company is subject to PRC regulations that limit interest rates; loans exceeding 36% per annum are invalid, and those between 24% and 36% are valid but not enforceable in court [126]. - The company must comply with stringent data protection regulations, which could incur additional costs and impact operations if not adhered to [174][175]. Operational Risks - The company faces risks related to compliance with PRC regulations, which could result in severe penalties or affect the enforceability of its contractual arrangements [90]. - The company must maintain and increase the number of borrowers and loan volume to ensure business sustainability [90]. - The company is subject to credit cycles and risks associated with the deterioration of borrowers' credit profiles [90]. - The company may face challenges in securing funding from institutional partners on acceptable terms, impacting its financial condition [90]. - Negative publicity regarding the online consumer finance industry could adversely affect the company's business and results [90]. - The company relies on proprietary credit assessment models, and any flaws in these models could materially impact its reputation and market share [91]. - The company has obligations to verify borrower information and detect fraud; failure to meet these obligations could lead to liabilities and reputational harm [91]. - The company faces competition from various online consumer finance platforms and traditional financial institutions, which may have more resources and better adaptability to market changes [152]. - The company may struggle to protect its intellectual property rights, which are critical to its competitive position [199]. Financial Position - As of December 31, 2024, total assets amounted to RMB 5,409,893, a significant increase from RMB 5,644,766 as of December 31, 2023 [63][65]. - Total liabilities as of December 31, 2024, were RMB 2,282,279, up from RMB 3,264,305 as of December 31, 2023, showing a reduction in liabilities [63][65]. - Cash and cash equivalents decreased to RMB 540,523 as of December 31, 2024, from RMB 370,193 as of December 31, 2023, indicating a decline of approximately 45.9% [63][65]. - The company’s total operating costs and expenses for the year ended December 31, 2024, were RMB 4,553,017, compared to RMB 4,134,403 in 2023, representing an increase of about 10.1% [66][66]. - The total net assets as of December 31, 2024, were RMB 3,127,614, a slight decrease from RMB 2,380,461 as of December 31, 2023 [63][65]. Strategic Initiatives - The company is exploring opportunities in international markets, including increased investments in Indonesia since establishing an office there in 2019 [111]. - The company has adjusted its cooperation model with institutional funding partners to comply with Circular 141, which imposes restrictions on third-party fees and outsourcing core businesses [101][102]. - The company has entered into collaboration agreements with two licensed credit reporting institutions to ensure compliance with credit reporting regulations [106]. - The company has incurred significant expenses related to brand promotion and borrower acquisition efforts, which may not yield immediate revenue increases [158]. - The company purchased commercial property in Shanghai, approximately 43,500 square meters, for a total cash consideration of approximately RMB1.35 billion (US$184.9 million) to serve as its new headquarters [192]. Technology and Cybersecurity - The company continuously updates its fraud detection technology, but significant increases in fraudulent activities could lead to regulatory intervention and litigation [148]. - The company's risk management system may not be adequate, potentially damaging its reputation and business operations [149]. - The company’s operations depend on the performance of internet infrastructure and telecommunications networks in China, which are under state control [195]. - The company is subject to stringent reporting obligations under the Cyber Security Law of the PRC, which may adversely impact its business and results of operations [179]. - The reliance on complex software systems poses risks of undetected errors that could harm user experience and data protection [198]. Market Conditions - Broader macroeconomic factors, including interest rates and unemployment, can deter borrowers and affect loan facilitation volumes [134]. - Economic conditions in China are sensitive to both domestic policies and global economic factors, which may affect the company's operations [135]. - The company cannot guarantee that demand for consumer loans will remain stable, and any reduction in demand or increase in default rates could negatively impact growth and revenue [136]. - Rising costs of telecommunications and Internet services could adversely affect the company's results of operations [197].

Financial Data and Key Metrics Changes - In Q4 2024, the company facilitated loan transactions totaling RMB27.7 billion, a 37.8% year-over-year increase, with loan facilitation service revenue reaching RMB1.124 billion, up 46.3% year-over-year [8][9][28] - The company's net revenue was RMB1,404.5 million, representing a decrease of 12.2% from the same period of 2023, primarily due to a significant decrease in revenue from guaranteed services [28][29] - The net income for Q4 was RMB275.5 million, a decrease of 25.1% compared to the previous year, attributed to a higher base from a one-off non-operational income in Q4 2023 [31][32] Business Line Data and Key Metrics Changes - Revenue from loan facilitation services increased to RMB1,124 million, reflecting a 46.3% year-over-year growth, while the share of facilitation service revenue rose from 48% in Q4 2023 to 80% in Q4 2024 [38][40] - The company added 2.774 million new borrowers in 2024, representing a year-over-year growth of 45.1% [10][68] Market Data and Key Metrics Changes - In the Indonesian market, loan volume increased by 74% year-over-year, with registered users growing by 131% [18] - The company maintained strong growth momentum in the Mexican market, optimizing risk indicators and improving profitability [19] Company Strategy and Development Direction - The company is focused on high-quality growth driven by technology, with a strategy to expand incrementally while managing risks [7][8] - Plans for 2025 include a loan facilitation volume target range of RMB137 billion to RMB142 billion, reflecting a year-over-year growth of about 36% to 41% [25][45] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's business expansion and profitability in 2025, supported by macroeconomic policies aimed at boosting consumer credit [24][25] - The company plans to enhance shareholder returns by increasing the cash dividend from no less than 15% to approximately 30% of the previous fiscal year's net profit after tax [23][77] Other Important Information - The company has established partnerships with 73 financial institutions and is exploring innovative business models in areas such as auto-backed loans [12] - The delinquency rate for loans overdue from 61 to 90 days dropped to 0.53%, indicating improved risk management [14] Q&A Session Summary Question: Significant slowdown in revenue growth in 2024 - Management clarified that the slowdown is a result of strategic focus on high-quality growth in facilitation services, with facilitation service revenue growing 46.3% year-over-year despite overall revenue decline [38][40][42] Question: Plans and investments in technology and talent cultivation - The company is increasing investments in AI and big data, enhancing automation capabilities, and integrating AI solutions in risk management to maintain a competitive edge [54][59] Question: Decline in net income and cost control - The decline in net income was attributed to one-time non-operating income in 2023, increased borrower acquisition costs, and higher R&D expenses. Management expects improvements in profitability through effective control of revenue share from guarantee services and AI applications [65][68][70] Question: Plans to optimize borrower experience and attract new groups - The company aims to enhance borrower retention through improved customer service, seamless marketing and risk control processes, and innovative business models to integrate the industry ecosystem [82][90]

Jiayin Group Inc. (NASDAQ:JFIN) Q4 2024 Earnings Conference Call March 27, 2025 8:00 AM ET Company Participants Shawn Zhang ??? Investor Relations Yan Dinggui ??? Chief Executive Officer Fan Chunlin ??? Chief Financial Officer Xu Yifang ??? Chief Risk Officer Conference Call Participants Yong Zhao ??? Haitong Securities Hua Rong ??? Jinyu Asset Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to Jiayin Group Fourth Quarter 2024 Earnings Conference Call. Currently all participa ...

Core Viewpoint - Jiayin Group Inc. reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024, highlighting a complex market environment but maintaining sustainable business performance through innovation and strategic risk management [1][4]. Fourth Quarter 2024 Operational and Financial Highlights - Loan facilitation volume reached RMB27.7 billion (US$3.8 billion), a 37.8% increase year-over-year [8]. - Average borrowing amount per transaction decreased to RMB7,807 (US$1,070), down 21.5% from the same period in 2023 [8]. - The repeat borrowing rate was 69.9%, a decline from 72.9% in the same period of 2023 [8]. - Net revenue was RMB1,404.5 million (US$192.4 million), representing a decrease of 12.2% from the same period in 2023 [10]. - Income from operations was RMB392.6 million (US$53.8 million), compared to RMB232.0 million in the same period of 2023 [15]. - Net income was RMB275.5 million (US$37.7 million), down 25.1% from RMB367.6 million in the same period of 2023 [16]. Full Year 2024 Operational and Financial Highlights - Total loan facilitation volume for the year was RMB100.8 billion (US$13.8 billion), an increase of 14.4% from RMB88.1 billion in 2023 [8]. - Net revenue for the year was RMB5,801.0 million (US$794.7 million), up 6.1% from RMB5,466.9 million in 2023 [18]. - Revenue from loan facilitation services increased by 15.0% to RMB4,011.8 million (US$549.6 million) [19]. - Net income for the year was RMB1,056.5 million (US$144.7 million), a decrease of 18.6% from RMB1,297.6 million in 2023 [24]. Strategic Initiatives and Future Outlook - The company plans to accelerate global expansion, diversify funding sources, and enhance AI adoption [6]. - A cash dividend of US$0.5 per American depositary share was distributed in 2024, totaling approximately US$26.6 million, representing 15.0% of net income after tax for fiscal year 2023 [5]. - The company expects loan facilitation volume for 2025 to be between RMB137.0 billion and RMB142.0 billion, with a first-quarter estimate of around RMB35 billion [28]. Recent Developments - The board approved an adjustment to the dividend policy, increasing the annual dividend to around 30% of net income after tax starting from 2025 [31]. - The company completed the purchase of commercial property in Shanghai for approximately RMB1.35 billion, which will serve as its new headquarters [35]. Financial Position - As of December 31, 2024, cash and cash equivalents were RMB540.5 million (US$74.0 million), down from RMB741.2 million as of September 30, 2024 [17]. - Total assets were RMB5,409.9 million (US$741.2 million) as of December 31, 2024 [46].