Core Insights - JiaYin Technology (JFIN.US) reported strong performance in Q1 2025, achieving a loan facilitation transaction volume of approximately 35.6 billion yuan, a year-on-year increase of about 58.2% [1] - The company generated revenue of approximately 1.776 billion yuan and a net profit of around 540 million yuan in the same quarter [1] Business Performance - The domestic economic recovery has positively impacted JiaYin Technology, leading to a successful start in Q1 [1] - The company has implemented a "quality score" mechanism to enhance risk assessment for new customers, resulting in a 90-day overdue rate of 1.13%, indicating a stable risk control system [2] Technological Advancements - JiaYin Technology launched the "Fuxi" model management platform, which now covers 90% of its business lines, significantly improving model deployment efficiency by nearly three times [2] - The company upgraded its "Tianlu" R&D efficiency operation platform to standardize and automate the entire product development lifecycle [2] Shareholder Returns - In March, the company updated its dividend policy, increasing the payout ratio from at least 15% to around 30% of the previous fiscal year's net profit [2] - The board approved a dividend plan of $0.8 per ADS, representing a year-on-year increase of approximately 60% [2] - The existing stock repurchase plan has a cap of $30 million, with an extension of its validity until June 12, 2026 [2]

[Financial & Operational Highlights](index=1&type=section&id=First%20Quarter%202025%20Operational%20and%20Financial%20Highlights) The company reported strong growth in Q1 2025, with a 58.2% YoY increase in loan facilitation volume and a 20.4% rise in net revenue, demonstrating significant operational and financial momentum Q1 2025 Key Metrics vs. Q1 2024 (YoY) | Metric | Q1 2025 | Change (YoY) | | :--- | :--- | :--- | | Loan Facilitation Volume | RMB 35.6 billion | ▲ 58.2% | | Net Revenue | RMB 1,775.6 million | ▲ 20.4% | | Income from Operations | RMB 606.6 million | ▲ 91.7% | | Net Income | RMB 539.5 million | ▲ 97.5% | | Average Borrowing Amount | RMB 7,987 | ▼ 24.4% | - The contribution from repeat borrowers was **71.9%**, compared to 78.3% in the same period of 2024[7](index=7&type=chunk) - The 90 day+ delinquency ratio was **1.13%** as of March 31, 2025[7](index=7&type=chunk) [Management Commentary](index=3&type=section&id=Management%20Commentary) The CEO highlighted the company's sustained growth momentum, attributing the strong results to the disciplined execution of strategic priorities, including enhancing the loan facilitation business and leveraging AI-driven tools - The company sustained strong growth momentum, with Q1 loan facilitation volume reaching **RMB 35.6 billion** (a **58.2% YoY increase**) and net income totaling **RMB 539.5 million**[8](index=8&type=chunk) - Strategic priorities include accelerating high-quality growth by focusing on the loan facilitation business, expanding institutional partnerships, and improving credit performance[9](index=9&type=chunk) - The company is advancing the application of AI-driven tools across its core business to expand technological capabilities and drive essential value[9](index=9&type=chunk) [Detailed Financial Results (Q1 2025)](index=3&type=section&id=First%20Quarter%202025%20Financial%20Results) Net revenue grew 20.4% YoY to RMB 1,775.6 million, primarily driven by a 77.9% increase in loan facilitation services revenue, leading to a 91.7% surge in income from operations and a 97.5% increase in net income [Revenue Analysis](index=3&type=section&id=Revenue%20Analysis) Total net revenue increased by 20.4% YoY to RMB 1,775.6 million, fueled by a 77.9% surge in revenue from loan facilitation services, partially offset by a significant decrease in revenue from the release of guarantee liabilities Revenue Breakdown (in millions RMB) | Revenue Source | Q1 2024 | Q1 2025 | Change (YoY) | | :--- | :--- | :--- | :--- | | Loan facilitation services | 831.0 (approx) | 1,478.6 | ▲ 77.9% | | Releasing of guarantee liabilities | 524.5 | 170.6 | ▼ 67.5% | | Other revenue | 119.8 | 126.4 | ▲ 5.5% | | **Total Net Revenue** | **1,475.3** | **1,775.6** | **▲ 20.4%** | [Operating Costs and Expenses](index=3&type=section&id=Operating%20Costs%20and%20Expenses) Total operating costs remained relatively flat, but the composition changed significantly, with sales and marketing expenses rising 87.5% due to increased borrower acquisition efforts, while facilitation and servicing expenses decreased by 49.6% Operating Expenses Breakdown (in millions RMB) | Expense Category | Q1 2024 | Q1 2025 | Change (YoY) | | :--- | :--- | :--- | :--- | | Facilitation and servicing | 667.0 | 336.0 | ▼ 49.6% | | Sales and marketing | 359.8 | 674.5 | ▲ 87.5% | | General and administrative | 46.2 | 52.8 | ▲ 14.2% | | Research and development | 83.3 | 88.1 | ▲ 5.8% | [Profitability and Earnings Per Share](index=4&type=section&id=Profitability%20and%20Earnings%20Per%20Share) The company achieved substantial profitability growth, with net income increasing 97.5% YoY to RMB 539.5 million, leading to basic and diluted net income per ADS more than doubling to RMB 10.12 Profitability Metrics | Metric | Q1 2024 | Q1 2025 | Change (YoY) | | :--- | :--- | :--- | :--- | | Income from Operations (RMB M) | 316.4 | 606.6 | ▲ 91.7% | | Net Income (RMB M) | 273.1 | 539.5 | ▲ 97.5% | | Basic & Diluted Net Income per Share (RMB) | 1.29 | 2.53 | ▲ 96.1% | | Basic & Diluted Net Income per ADS (RMB) | 5.16 | 10.12 | ▲ 96.1% | [Financial Position](index=4&type=section&id=Financial%20Position) As of March 31, 2025, the company's cash and cash equivalents stood at RMB 190.3 million, a decrease from RMB 540.5 million at the end of 2024, while total assets grew to RMB 6.4 billion from RMB 5.4 billion Key Balance Sheet Items (in millions RMB) | Balance Sheet Item | Dec 31, 2024 | Mar 31, 2025 | | :--- | :--- | :--- | | Cash and cash equivalents | 540.5 | 190.3 | | Total Assets | 5,409.9 | 6,394.1 | | Total Liabilities | 2,282.3 | 2,727.8 | | Total Shareholders' Equity | 3,127.6 | 3,666.3 | [Business Outlook & Guidance](index=5&type=section&id=Business%20Outlook) The company provided a positive outlook, forecasting full-year 2025 loan facilitation volume between RMB 137 billion and RMB 142 billion, and Q2 2025 loan facilitation volume of RMB 37-39 billion - Full year 2025 loan facilitation volume is expected to be in the range of **RMB 137 billion to RMB 142 billion**[19](index=19&type=chunk) - For the second quarter of 2025, the company expects loan facilitation volume to be between **RMB 37 billion and RMB 39 billion**[19](index=19&type=chunk) - Non-GAAP income from operation for Q2 2025 is projected to be in the range of **RMB 0.66 billion to RMB 0.73 billion**[19](index=19&type=chunk) [Recent Developments](index=5&type=section&id=Recent%20Development) The company announced a new dividend policy and an extension of its share repurchase plan, signaling a commitment to returning value to shareholders [Dividend Policy](index=5&type=section&id=Dividend%20Policy) On May 20, 2025, the Board of Directors approved the declaration and payment of a cash dividend of US$0.20 per ordinary share, equating to US$0.80 per American depositary share (ADS), for the fiscal year 2025 - The Board approved a cash dividend of **US$0.20 per ordinary share**, or **US$0.80 per ADS**, for the fiscal year 2025[20](index=20&type=chunk) [Share Repurchase Plan Update](index=5&type=section&id=Share%20Repurchase%20Plan%20Update) The Board extended the existing share repurchase plan for another 12 months, from June 13, 2025, to June 12, 2026, with a remaining authorized amount for repurchase of US$13.2 million - The share repurchase plan has been extended for another **12-month period**, ending on June 12, 2026[21](index=21&type=chunk) - As of June 4, 2025, the remaining balance under the share repurchase plan was **US$13.2 million**[21](index=21&type=chunk) [Appendix: Financial Statements](index=9&type=section&id=Appendix%3A%20Financial%20Statements) This section contains the unaudited condensed consolidated balance sheets as of March 31, 2025, the unaudited condensed consolidated statements of comprehensive income for the first quarter of 2025, and the reconciliation of GAAP to non-GAAP results [Unaudited Condensed Consolidated Balance Sheets](index=9&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Provides a detailed snapshot of the company's assets, liabilities, and equity as of March 31, 2025, compared to December 31, 2024 [Unaudited Condensed Consolidated Statements of Comprehensive Income](index=10&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME) Details the company's revenues, expenses, and profits for the three months ended March 31, 2025, compared to the same period in 2024 [Unaudited Reconciliations of GAAP and Non-GAAP Results](index=11&type=section&id=UNAUDITED%20RECONCILIATIONS%20OF%20GAAP%20AND%20NON-GAAP%20RESULTS) Presents the reconciliation of GAAP income from operations to non-GAAP income from operations, which were identical at RMB 606.6 million for Q1 2025 due to no share-based compensation expenses GAAP vs Non-GAAP Income from Operation (in thousands RMB) | Metric | Q1 2024 | Q1 2025 | | :--- | :--- | :--- | | Income from operation (GAAP) | 316,446 | 606,647 | | Add: share-based compensation | 181 | - | | Non-GAAP income from operation | 316,627 | 606,647 |

Core Viewpoint - Jiayin Group Inc. reported strong financial results for the first quarter of 2025, with significant growth in loan facilitation volume and net revenue, reflecting the company's effective strategies in a dynamic macroeconomic environment [1][6]. Financial Performance - Total loan facilitation volume increased by 58.2% year-over-year to RMB35.6 billion (approximately US$4.9 billion) [1][9]. - Net revenue grew by 20.4% to RMB1,775.6 million (approximately US$244.7 million) compared to the same period in 2024 [1][8]. - Net income reached RMB539.5 million (approximately US$74.3 million), marking a 97.5% increase from RMB273.1 million in the first quarter of 2024 [1][15]. Operational Highlights - The average borrowing amount per transaction decreased by 24.4% to RMB7,987 (approximately US$1,101) [9]. - The contribution of repeat borrowers to total loan facilitation volume was 71.9%, down from 78.3% in the same period of 2024 [9]. - The 90-day+ delinquency ratio stood at 1.13% as of March 31, 2025 [9]. Revenue Breakdown - Revenue from loan facilitation services was RMB1,478.6 million (approximately US$203.8 million), an increase of 77.9% year-over-year [10]. - Revenue from releasing guarantee liabilities decreased to RMB170.6 million (approximately US$23.5 million) from RMB524.5 million in the same period of 2024 [11]. - Other revenue increased slightly to RMB126.4 million (approximately US$17.4 million) compared to RMB119.8 million in the same period of 2024 [11]. Expense Analysis - Facilitation and servicing expenses decreased by 49.6% to RMB336.0 million (approximately US$46.3 million) [12]. - Sales and marketing expenses rose by 87.5% to RMB674.5 million (approximately US$92.9 million) due to increased borrower acquisition costs [13]. - General and administrative expenses increased by 14.2% to RMB52.8 million (approximately US$7.3 million) [13]. Business Outlook - The company expects its loan facilitation volume for the full year of 2025 to be between RMB137 billion and RMB142 billion, with a second-quarter forecast of RMB37 billion to RMB39 billion [18]. - Non-GAAP income from operations for the second quarter of 2025 is anticipated to be between RMB0.66 billion and RMB0.73 billion [18]. Recent Developments - The Board of Directors approved a cash dividend of US$0.20 per ordinary share for the fiscal year 2025 [19]. - A share repurchase plan was extended for another 12 months, allowing the company to repurchase its shares with an aggregate value not exceeding the remaining balance under the plan [20].

Core Viewpoint - JFIN's stock price increased by 4.04% on May 28, 2023, reaching $13.275 per share, with a total market capitalization of $708 million [1] Financial Performance - As of December 31, 2024, JFIN reported total revenue of 5.801 billion RMB, representing a year-on-year growth of 6.11% [1] - The net profit attributable to the parent company was 1.056 billion RMB, showing a year-on-year decrease of 18.58% [1] Upcoming Events - JFIN is scheduled to disclose its Q1 2025 financial report on June 5, 2023, with the actual date subject to company announcement [2] Company Overview - JFIN is a leading technology service group in China, founded by Mr. Yan Dinggui on June 18, 2011, and headquartered in Shanghai [2] - The company went public on NASDAQ on May 10, 2019, under the stock code JFIN [2] - JFIN focuses on connecting consumers with financial institutions through big data, cloud computing, and artificial intelligence [2] Technological Innovations - JFIN has developed several technology platforms, including: - "Tianyin" for intelligent fund management - "Mingjian" for intelligent risk control - "Dayu" for data asset management - "Chang'e" for intelligent voice calling services [3] - These innovations have led to digital process optimization, automated supervision, and scientific decision-making, enhancing the company's digital capabilities [3] Global Expansion - JFIN's business has expanded to regions including Southeast Asia, Africa, and Latin America, with plans for further international growth [2]

Core Viewpoint - Jiayin Group Inc. will release its unaudited financial results for the first quarter of 2025 on June 4, 2025, before the U.S. market opens, followed by a conference call to discuss these results [1][2]. Group 1 - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, focused 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]. - The conference call to discuss the financial results will take place at 8:00 AM U.S. Eastern Time on June 4, 2025, with a live and archived webcast available on the company's investor relations website [2][3].

Core Viewpoint - JiaYin Technology (JFIN.US) has launched its self-developed "Fuxi" model management platform, which leverages strong model management capabilities and intelligent algorithm technology to enhance data application potential and optimize model training, thereby promoting digital transformation in enterprises [1][2]. Group 1: Platform Features - "Fuxi" is named after the cultural ancestor of the Huaxia nation, symbolizing wisdom and innovation, and aims to achieve breakthroughs in model management capabilities in the era of large models [2]. - The platform provides a full-stack solution that allows modelers and developers to quickly and easily build and train machine learning models, significantly lowering development barriers and improving efficiency [2]. - "Fuxi" seamlessly integrates with enterprise data warehouses and big data platforms, enabling centralized management of offline model information, performance evaluation, and efficient governance of model data [2]. Group 2: Performance Improvements - The deployment efficiency of models has increased by 300%, with significant improvements in model data preprocessing efficiency, model stability, and task execution speed [2]. - The platform excels in model asset management, service management, and monitoring, achieving abstraction and unified management of the modeling process [2]. - "Fuxi" supports independent model operation clusters, ensuring stability and scalability of the model runtime environment to meet varying business load demands [6]. Group 3: Advantages of the Platform - The platform features a simple and user-friendly model deployment method that integrates deeply with the development environment, greatly simplifying the model release process [3]. - It enhances the reusability of model parameter configurations through configurable deployment parameters and easy orchestration, improving flexibility and efficiency in model development [4]. - A unified model stability and performance evaluation system is established, allowing for timely identification and resolution of potential issues before production, ensuring high quality and reliability of models [5]. Group 4: Future Development - "Fuxi" will continue to evolve towards model system construction and application expansion, transitioning from intelligent system functions to AI upgrades, and providing more convenient collaborative modeling capabilities [9]. - The launch of the "Fuxi" model management platform represents JiaYin Technology's commitment to technological innovation, aiming to create a new model of digital transformation through "technology research and development - scenario implementation - ecosystem co-construction" [9].

Core Viewpoint - JFIN's stock price increased by 2.96% to $12.54 per share, with a total market capitalization of $669 million as of May 19, 2023, despite a decline in net profit [1] Financial Performance - As of December 31, 2024, JFIN reported total revenue of 5.801 billion RMB, representing a year-on-year growth of 6.11% [1] - The company's net profit attributable to shareholders was 1.056 billion RMB, showing a year-on-year decrease of 18.58% [1] Upcoming Events - JFIN is scheduled to disclose its Q1 2025 financial report on June 5, 2023, with the actual date subject to company announcement [2] Company Overview - JFIN, founded by Mr. Yan Dinggui on June 18, 2011, is a leading technology service group in China, headquartered in Shanghai [2] - The company went public on NASDAQ on May 10, 2019, under the stock code JFIN [2] - JFIN focuses on connecting consumers with financial institutions through big data, cloud computing, and artificial intelligence [2] Technological Innovations - JFIN has developed several technology-driven platforms, including: - "Tianyin" for intelligent fund management - "Mingjian" for intelligent risk control - "Dayu" for data asset management - "Chang'e" for intelligent voice calling services [3] - These innovations have led to digital process optimization, automated supervision, and scientific decision-making, enhancing the company's digital capabilities [3]

Core Viewpoint - JFIN's stock price increased by 4.89% on May 12, reaching $13.395 per share, with a total market capitalization of $715 million. The company reported a total revenue of 5.801 billion RMB for the year ending December 31, 2024, reflecting a year-on-year growth of 6.11%, while the net profit attributable to shareholders decreased by 18.58% to 1.056 billion RMB [1][2]. Group 1 - JFIN is set to disclose its Q1 2025 financial report on June 5, with the actual date subject to company announcements [2]. - Founded in June 2011 by Mr. Yan Dinggui, JFIN is a leading technology service group in China, focusing on connecting consumers with financial institutions through big data, cloud computing, and artificial intelligence [2]. - JFIN has expanded its business globally, covering regions such as Southeast Asia, Africa, and Latin America, with plans for further expansion [2]. Group 2 - The company has implemented a comprehensive technology strategy, resulting in various innovative platforms such as the "Tianyin" intelligent fund management platform, "Mingjian" intelligent risk control engine, "Dayu" data asset management platform, and "Chang'e" intelligent voice call platform [3]. - These technological innovations have led to digitalization of processes, automation of supervision, and scientific decision-making, thereby strengthening the foundation of the digital economy and rapidly enhancing digital capabilities [3].

Core Viewpoint - JFIN (嘉银科技) has shown a modest increase in stock price and reported mixed financial results, indicating both growth in revenue and a decline in net profit, while continuing to focus on technological innovation and expansion into global markets [1][2]. Financial Performance - As of December 31, 2024, JFIN reported total revenue of 5.801 billion RMB, representing a year-on-year growth of 6.11% [1]. - The company's net profit attributable to shareholders was 1.056 billion RMB, reflecting a year-on-year decrease of 18.58% [1]. Company Overview - JFIN is a leading technology service group in China, founded by Mr. Yan Dinggui on June 18, 2011, and headquartered in Shanghai [1]. - The company was successfully listed on NASDAQ on May 10, 2019, under the stock code JFIN [1]. Technological Innovations - JFIN has developed several innovative platforms, including: - "Tianyin" intelligent fund management platform for efficient asset matching [2]. - "Mingjian" intelligent risk control engine for optimizing risk management [2]. - "Dayu" data asset management platform for enhancing data governance [2]. - "Chang'e" intelligent voice call platform for compliant post-loan services [2]. - These innovations have led to digitalization of processes, automation of supervision, and scientific decision-making, strengthening the foundation of the digital economy [2]. Global Expansion - JFIN's business has expanded to regions including Southeast Asia, Africa, and Latin America, with plans for further promotion in more countries and regions [1].

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].