Core Viewpoint - Jiayin Group Inc. is set to release its unaudited financial results for the fourth quarter and full year 2024 on March 27, 2025, before the U.S. market opens [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for March 27, 2025, at 8:00 AM U.S. Eastern Time [1][2] - A live and archived webcast of the conference call will be available on the company's investor relations website [3] Group 2: Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focusing on connecting underserved individual borrowers with financial institutions [4] - The company utilizes a comprehensive risk management system and a proprietary risk assessment model that employs advanced big data analytics and algorithms to evaluate borrower risk profiles [4]

Core Viewpoint - Jiayin Group Inc. will release its unaudited financial results for Q4 and full year 2024 on March 27, 2025, before the U.S. market opens [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for March 27, 2025, at 8:00 AM U.S. Eastern Time [1][2] - A live and archived webcast of the conference call will be available on the company's investor relations website [3] Group 2: Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focusing on connecting underserved individual borrowers with financial institutions [4] - The company utilizes a comprehensive risk management system and a proprietary risk assessment model that employs advanced big data analytics and algorithms to evaluate borrower risk profiles [4]

Core Viewpoint - Jiayin Group Inc. has entered into a definitive agreement to purchase commercial property in Shanghai for approximately RMB1.35 billion, which will serve as the company's new headquarters to support its business growth [4]. Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focused on connecting underserved individual borrowers with financial institutions [3]. - The company operates a secure platform with a comprehensive risk management system and a proprietary risk assessment model utilizing advanced big data analytics [3]. Transaction Details - The commercial property being purchased covers approximately 43,500 square meters and the total cash consideration for the acquisition is around RMB1.35 billion [4]. - The completion of the purchase is subject to customary closing conditions [4].

Financial Data and Key Metrics Changes - In Q3 2024, the loan facilitation volume reached RMB26.7 billion, a year-over-year increase of 10.3% [17] - Net revenue was RMB1,444.9 million, representing a decrease of 1.5% from the same period in 2023 [17] - Net income for the third quarter was RMB269.6 million, a decrease of 16.8% from RMB323.9 million in the same period of 2023 [21] - Basic and diluted net income per share were both RMB1.27 compared to RMB1.51 in Q3 2023 [21] Business Line Data and Key Metrics Changes - Revenue from loan facilitation services reached RMB1.1 billion, representing a year-over-year growth of 18.1% [6] - The proportion of loan facilitation services revenue in total revenue increased from 56.3% in Q1 to around 76% in Q3 [29] - Guarantee service-related revenue decreased to RMB252 million, down from RMB398 million in the same period last year [28] Market Data and Key Metrics Changes - The delinquency rate for 61 to 90 days improved to 0.55%, showing a downward trend for two consecutive quarters [11] - In Indonesia, loan disbursement and new registered users for local business partners increased compared to Q2 [12] - The average borrowing amount per borrowing decreased by 30.5% year-over-year, indicating a preference for smaller loan amounts among users [38] Company Strategy and Development Direction - The company is focusing on technological innovation as a driving force for growth, enhancing its central data platform and AI capabilities [8] - There is a strategic shift towards high-quality growth, reducing reliance on lower-margin guarantee services [28] - The company plans to declare and distribute cash dividends once per fiscal year starting in 2025, with a total amount no less than 15% of the previous fiscal year's net profit after tax [14] Management Comments on Operating Environment and Future Outlook - The management expressed optimism about future development, anticipating loan facilitation volume in Q4 to be no less than RMB25 billion [14] - The company is confident in sustaining strong growth trends in the coming quarters, supported by improved borrower retention and conversion rates [34] - The management acknowledged the impact of macroeconomic shifts but emphasized that they have met performance benchmarks [17] Other Important Information - The company established partnerships with 70 diverse financial institutions, enhancing its operational stability [9] - R&D expenses increased by 36% year-over-year, reflecting the company's commitment to technological advancements [20] Q&A Session Summary Question: Reasons for net revenue and profit decline - Management explained that the decrease in net revenue and profit was due to a strategic shift towards high-quality growth and increased borrower acquisition costs [30][31] Question: Future growth rate expectations - Management indicated confidence in sustaining growth, with expectations for continued strong performance in the coming quarters [34] Question: Increase in accounts receivable - The increase in accounts receivable was attributed to growth in facilitation volume and revenue, with a focus on improving cash flow management [40][41] Question: Decrease in average borrowing amount - The decrease was linked to business strategy optimization and a shift towards acquiring new borrowers with lower initial credit levels [42][46]

Core Viewpoint - Jiayin Group Inc. reported its third quarter financial results for 2024, highlighting a significant increase in loan facilitation volume despite declines in net revenue and net income compared to the same period in 2023 [1][4]. Financial Performance - Loan facilitation volume reached RMB26.7 billion (US$3.8 billion), a 10.3% increase from Q3 2023 [2]. - Net revenue was RMB1,444.9 million (US$205.9 million), a decrease of 1.5% from the same period in 2023 [3][5]. - Income from operations was RMB311.9 million (US$44.4 million), down 18.3% year-over-year [3][10]. - Net income decreased to RMB269.6 million (US$38.4 million), a decline of 16.8% from RMB323.9 million in Q3 2023 [3][10]. Revenue Breakdown - Revenue from loan facilitation services increased by 18.1% to RMB1,105.7 million (US$157.6 million), driven by service fee optimization and increased loan facilitation volume [5]. - Revenue from releasing guarantee liabilities was RMB251.7 million (US$35.9 million), down from RMB397.9 million in Q3 2023, primarily due to decreased average outstanding loan balances [6]. - Other revenue decreased to RMB87.5 million (US$12.4 million) from RMB131.9 million in the same period last year [6]. Expenses - Facilitation and servicing expenses were RMB419.1 million (US$59.7 million), down from RMB544.3 million in Q3 2023 [7]. - Sales and marketing expenses increased by 34.9% to RMB550.3 million (US$78.4 million) due to higher borrower acquisition costs [8]. - Research and development expenses rose by 36.0% to RMB95.9 million (US$13.7 million) [9]. Operational Metrics - The average borrowing amount per transaction was RMB7,629 (US$1,087), a decrease of 30.5% from the same period in 2023 [2]. - The repeat borrowing rate was 67.8%, down from 71.5% in Q3 2023 [3]. Business Outlook - The company expects loan facilitation volume for Q4 2024 to reach no less than RMB25 billion, reflecting current market conditions [15]. Dividend Policy - The board approved an amended dividend policy allowing for cash dividends to be declared once each fiscal year, starting from 2025, at no less than 15% of the previous fiscal year's net income after tax [17]. Share Repurchase Plan - The board approved an extension of the share repurchase plan, allowing for the repurchase of ordinary shares with an aggregate value not exceeding US$30 million through June 12, 2025 [19].

Core Viewpoint - Jiayin Group Inc. will release its unaudited financial results for Q3 2024 on November 20, 2024, before the U.S. market opens, followed by a conference call to discuss the results [1][2]. Group 1: Financial Results Announcement - The unaudited financial results for Q3 2024 will be released before the U.S. market opens on November 20, 2024 [1]. - A conference call to discuss the financial results is scheduled for November 20, 2024, at 8:00 AM U.S. Eastern Time [1][2]. Group 2: Conference Call Details - Participants are required to register in advance to join the conference call, with access information provided upon registration [2][3]. - A live and archived webcast of the conference call will be available on the company's investor relations website [3]. Group 3: Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focusing on connecting underserved individual borrowers with financial institutions [4]. - The company operates a secure platform with a comprehensive risk management system and a proprietary risk assessment model utilizing advanced big data analytics [4].

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Financial Data and Key Metrics - Loan facilitation volume reached RMB24 billion, exceeding the previous guidance of RMB23 billion [7][20] - Net revenue was RMB1.476 billion, a 15.5% year-over-year increase [7][20] - Net income decreased by 27% to RMB238.3 million compared to RMB326.3 million in the same period of 2023 [22] - Cash and cash equivalents increased to RMB880.2 million, up from RMB568.2 million at the end of the previous quarter [22] Business Line Data and Key Metrics - Loan facilitation services revenue growth moderated to 2.8%, driven by service fee optimization [20] - Guarantee services revenue in Q2 2024 was RMB424 million, significantly higher than RMB197 million in Q2 2023 [26] - New borrowers reached 680,000, reflecting a 32.9% year-over-year growth [11] - Repeat borrowing rate remained stable at 67.1% [12] Market Data and Key Metrics - In Indonesia, loan size increased by 25% compared to the previous quarter [14] - In Mexico, the company focused on improving business infrastructure and exploring long-term products [15] - In Nigeria, business scale increased compared to the previous quarter, with local regulations being implemented to regulate financial loan applications [15][16] Company Strategy and Industry Competition - The company is advancing technological transformation, integrating AI into customer services, decision support, and personalized marketing [8] - Partnerships with 69 financial institutions were established, with talks ongoing with an additional 35 [9] - The company is exploring new businesses, including car loan matching services and expanding services for small and micro business owners [10] - The company is focusing on high-quality growth, stable pricing, and continuous optimization of capital costs [29] Management Commentary on Operating Environment and Future Outlook - The macroeconomic environment in China is moving forward under pressure, with cautious consumer credit demand [6] - The company is cautiously optimistic about the overall economic environment and expects strong borrower demand for credit products in Q3 [32] - The company set Q3 guidance for loan facilitation volume at approximately RMB25 billion [18][31] Other Important Information - The company released its 2023 ESG report, focusing on technology empowerment, employee care, environmental protection, and social welfare [17] - A dividend distribution plan of $0.5 per ADS was announced, with a total amount of approximately $26.6 million [18] Q&A Session Summary Question: Net revenue increased by 15.5%, but net income decreased by 27%. How does management expect the take rate and net margin to change in the future? [25] - The decrease in net income was due to the structural difference in revenue, with a higher proportion of lower-margin guarantee business [26] - Strategic investments in borrower acquisition and R&D also contributed to the decline in net income [27] - The company expects profit margins to increase in the second half of 2024 due to continuous optimization of revenue structure and strategic investments [29] Question: Will the loan facilitation volume growth rate continue or accelerate in the future? [25] - The company set Q3 guidance at RMB25 billion, reflecting a cautious but confident approach to growth [31] - The company is balancing health and sustainability in borrower demand and strengthening risk management processes [32] Question: Why did the repeat borrowing rate drop, and what strategies are in place to retain borrowers and optimize marketing spend? [35] - The drop in repeat borrowing rate is due to increased efforts to acquire new borrowers and reduced credit limits for each borrower [37] - The company is focusing on maintaining stable facilitation volume while expanding the borrower base [38] Question: How did the company achieve cash flow growth, and what are the plans for cash flow use? [35] - Cash flow growth was driven by strong profitability, operating cash flow, and optimization of the guarantee business [39] - The company plans to continue implementing dividend policies and share repurchase plans to reward shareholders [40]

Core Viewpoint - Jiayin Group Inc. reported stable loan facilitation volume and significant growth in net revenue for the second quarter of 2024, despite declines in net income and operating income, indicating resilience in its business model amid evolving market conditions [2][3]. Financial Performance - Total loan facilitation volume remained stable at RMB 24.0 billion (US$3.3 billion) for the second quarter of 2024, unchanged from the same period in 2023 [2]. - Net revenue increased by 15.5% to RMB 1,476.3 million (US$203.1 million) compared to RMB 1,277.8 million in the second quarter of 2023 [4]. - Revenue from loan facilitation services rose by 2.8% to RMB 951.1 million (US$130.9 million) due to service fee optimization [4]. - Income from operations decreased by 38.5% to RMB 227.1 million (US$31.3 million) [6]. - Net income fell by 27.0% to RMB 238.3 million (US$32.8 million) from RMB 326.3 million in the same period of 2023 [7]. Operational Metrics - The average borrowing amount per transaction decreased by 12.4% to RMB 9,080 (US$1,249) [2]. - The repeat borrowing rate declined to 67.1% from 70.1% in the same period of 2023 [2]. Expenses - Facilitation and servicing expenses increased by 70.9% to RMB 608.2 million (US$83.7 million) primarily due to higher guarantee costs [5]. - Sales and marketing expenses rose by 15.7% to RMB 486.6 million (US$67.0 million) due to increased borrower acquisition costs [5]. - General and administrative expenses increased by 29.8% to RMB 65.0 million (US$8.9 million) driven by higher payroll and share-based compensation [5]. Cash Position - Cash and cash equivalents increased to RMB 880.2 million (US$121.1 million) as of June 30, 2024, compared to RMB 568.2 million as of March 31, 2024 [7]. Business Outlook - The company expects loan facilitation volume for the third quarter of 2024 to reach approximately RMB 25 billion, reflecting confidence in the improving economic environment [9]. Recent Developments - The Board of Directors approved a cash dividend of US$0.125 per ordinary share, with an aggregate distribution expected to be approximately US$26.6 million [10]. - The share repurchase plan was extended for an additional 12 months, with a total value not exceeding US$30 million [12]. ESG Commitment - The company published its 2023 ESG report, highlighting its commitment to corporate sustainability and ethical practices, including initiatives to enhance service quality and promote low-carbon practices [13][14].