SHANGHAI, Aug. 13, 2024 (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 second quarter of 2024 before the U.S. market opens on Tuesday, August 27, 2024. The Company will conduct a conference call to discuss its financial results on Tuesday, August 27, 2024 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day). What:Jiayin Group Second Qua ...

Core Insights - Jiayin Group Inc. published its 2023 Environmental, Social, and Governance (ESG) Report, marking the third such report, emphasizing its commitment to corporate sustainability and ethical practices [1] - The company focused on societal value creation, digital transformation, service quality enhancement, responsible supply chain development, and green technology adoption in 2023 [1] ESG Reporting - The report adheres to the Global Reporting Initiative's Sustainability Reporting Standards and references Nasdaq's ESG Reporting Guide 2.0 [2] Company Overview - Jiayin Group Inc. is a leading fintech platform in China, established in 2011, that connects underserved individual borrowers with financial institutions [3] - The company utilizes a secure platform with a comprehensive risk management system and advanced big data analytics for risk assessment [3]

SHANGHAI, China, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today published its 2023 Environmental, Social, and Governance (ESG) Report. This publication, the Company’s third ESG report, highlights Jiayin’s ongoing commitment to corporate sustainability, ethical business practices, and transparent governance. In 2023, Jiayin continued its commitment to creating societal value and accelerating digital transformation. Th ...

imaginima/iStock via Getty Images Jiayin Group (NASDAQ:JFIN) is one of the smaller fintech companies in China; it has a strong track record of growth and a very strong balance sheet. The potential for outsized returns is appealing, but JFIN might not beat the market over 5+ years in stock price alone. Despite this, if management's initiatives go as planned, my 5Y price target of $13.34 indicates price alpha. It offers moderate deep value at the moment, but its lack of a USP and service/product originali ...

Jiayin Group Inc. (NASDAQ:JFIN) Q1 2024 Earnings Conference Call June 6, 2024 8:00 AM ET Company Participants Shawn Zhang - Investor Relations Dinggui Yan - Founder and Chief Executive Officer Chunlin Fan - Chief Financial Officer Yifang Xu - Chief Risk Officer Conference Call Participants Rong Hua - Jinyu Asset Management Yuxuan Chen - Huatai Securities Operator Good day, ladies and gentlemen. Thank you for standing by and welcome to the Jiayin Group's First Quarter 2024 Earnings Conference Call. Currently ...

-- First Quarter Total Loan Facilitation Volume Grew 13.6% to RMB22.5 billion ---- First Quarter Net Revenue Grew 31.5% to RMB1,475.3 million -- SHANGHAI, June 06, 2024 (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, 2024. First Quarter 2024 Operational and Financial Highlights: Loan facilitation volume1 was RMB22.5 billion (US$3.1 billion), representin ...

SHANGHAI, China, May 30, 2024 (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 2024 before the U.S. market opens on Thursday, June 6, 2024. The Company will conduct a conference call to discuss its financial results on Thursday, June 6, 2024 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day). What:Jiayin Group First Quar ...

SHANGHAI, China, April 29, 2024 (GLOBE NEWSWIRE) -- Jiayin Group Inc. ("Jiayin" or the "Company") (NASDAQ:JFIN), a leading fintech platform in China, today announced that it has filed its annual report on Form 20-F (the "Annual Report") for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on April 29, 2024, U.S. Eastern Time. The Annual Report can be accessed on the Company's investor relations website at https://ir.jiayintech.cn/ and on the SEC's website ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 JFIN The Nasdaq Stock Market LLC FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPOR ...

Financial Data and Key Metrics Changes - In Q4 2023, the company's loan facilitation volume was RMB 20.1 billion, an increase of 6.3% year-over-year [9] - The total loan facilitation volume for the full year reached RMB 88.1 billion, an increase of 58.7% compared to 2022, achieving a new historical high [9] - Q4 2023 net revenue was RMB 1.6 billion, an increase of 51.8% year-over-year, while annual net revenue reached RMB 5.47 billion, an increase of 67.1% year-over-year [9] - The company's net income for Q4 2023 was RMB 367.6 million, a decrease of 31.1% from RMB 533.7 million in the same period of 2022 [23] Business Line Data and Key Metrics Changes - Facilitation and servicing expenses were RMB 857.2 million, representing an increase of 329.1% from the same period of 2022, primarily due to increased loan facilitation volume [22] - Sales and marketing expenses decreased by 11.9% to RMB 329.5 million compared to the same period of 2022 [23] - R&D expenses increased by 44.3% to RMB 92.9 million, primarily due to higher employee compensation [23] Market Data and Key Metrics Changes - The balance of various types of RMB loans from financial institutions amounted to RMB 237.59 trillion at the end of 2023, an increase of 10.6% year-over-year [11] - The demand for consumer credit services in the Chinese market remained robust, supported by various government policies aimed at stimulating consumption [10] Company Strategy and Development Direction - The company is focusing on technological innovation and risk management as core competencies, aiming to enhance market share and operational precision [8] - A strategic shift towards technology was marked by the company's name change to Jiayin Technology, emphasizing the application of AI in business operations [12] - The company aims to maintain a focus on technological innovation and expand its business scale while managing risks effectively [18] Management's Comments on Operating Environment and Future Outlook - The management highlighted the challenges posed by the macroeconomic environment, including slow economic recovery and geopolitical conflicts [7] - The company is optimistic about future growth, setting a target for total loan facilitation to range from RMB 93 billion to RMB 98 billion for 2024 [18] Other Important Information - The company has distributed two cash dividends totaling US $0.80 per ADS, accounting for 25% of the company's net income after tax for the fiscal year of 2022 [19] - As of now, the company has repurchased its ADS for approximately US $10.6 million, with plans to increase the repurchase limit to US $30 million [20] Q&A Session Summary Question: Measures to keep delinquency rates low - Management acknowledged the increase in delinquency rates and emphasized the implementation of enhanced risk management strategies and borrower experience optimization [25][26] Question: Future dividend policy and payout ratio - Management confirmed the commitment to rewarding shareholders through dividends and share repurchase plans, with a focus on maintaining a sustainable payout ratio [27][28] Question: Adjustments in customer acquisition channels and risk control - Management outlined plans to enhance borrower acquisition strategies, focusing on high-quality assets and improving risk management through data analysis [31][32] Question: Factors behind the decrease in net income and accounts receivable increase - Management explained that the decrease in net income was influenced by a high net margin in Q4 2022 due to a one-time tax benefit, and they will continue to focus on facilitating and risk control services [34][36]