Jiayin Group(JFIN) - 2025 Q2 - Quarterly Report

Financial Performance - Net revenue was RMB1,886.2 million (US$263.3 million), representing a 27.8% increase from the same period in 2024[9] - Income from operations increased by 181.4% to RMB639.1 million (US$89.2 million) compared to the same period in 2024[14] - Non-GAAP income from operations was RMB737.6 million (US$103.0 million), up from RMB261.6 million in the same period of 2024[14] - Net income rose 117.8% to RMB519.1 million (US$72.5 million) from RMB238.3 million in the same period of 2024[15] - Total net revenue for the three months ended June 30, 2025, was RMB 1,886,206, representing a 28% increase from RMB 1,476,327 in the same period of 2024[36] - Net income for the six months ended June 30, 2025, reached RMB 1,058,616, up 107% from RMB 511,335 in the same period of 2024[36] - Basic and diluted net income per share for the three months ended June 30, 2025, was RMB 2.46, compared to RMB 1.12 for the same period in 2024[36] - The company reported a comprehensive income of RMB 520,699 for the three months ended June 30, 2025, compared to RMB 238,525 in the same period of 2024[36] Loan Facilitation - Loan facilitation volume reached RMB37.1 billion (US$5.2 billion), an increase of 54.6% year-over-year[6] - Repeat borrower contribution to total loan facilitation volume increased to 75.6% from 73.4% in the same period of 2024[6] - The company expects full-year loan facilitation volume for 2025 to be between RMB137.0 billion and RMB142.0 billion[18] Assets and Liabilities - Total assets as of June 30, 2025, amounted to RMB 7,275,795, an increase of 34.5% from RMB 5,409,893 as of December 31, 2024[34] - Total liabilities as of June 30, 2025, were RMB 3,383,966, reflecting a 48.5% increase from RMB 2,282,279 as of December 31, 2024[34] Cash and Cash Equivalents - Cash and cash equivalents increased to RMB316.2 million (US$44.1 million) as of June 30, 2025, up from RMB190.3 million as of March 31, 2025[16] - Cash and cash equivalents as of June 30, 2025, were RMB 316,243, a decrease from RMB 540,523 as of December 31, 2024[34] Delinquency and Borrowing - The 90-day+ delinquency ratio was 1.12% as of June 30, 2025[6] - Average borrowing amount per transaction decreased by 10.5% to RMB8,130 (US$1,135) compared to the same period in 2024[6] Research and Development - Research and development expenses for the three months ended June 30, 2025, were RMB 108,436, up from RMB 92,819 in the same period of 2024[36] Shares Information - The weighted average shares used in calculating net income per share for the three months ended June 30, 2025, were 210,811,151[36]