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Jiayin Group Inc. Reports First Quarter 2025 Unaudited Financial Results
Jiayin GroupJiayin Group(US:JFIN) Globenewswireยท2025-06-04 10:00

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].