Jiayin Group Inc. Reports Third Quarter 2025 Unaudited Financial Results

Core Insights - Jiayin Group Inc. reported its unaudited financial results for Q3 2025, achieving significant growth in loan facilitation volume and operational income despite macroeconomic uncertainties [1][7]. Financial Performance - Net revenue for Q3 2025 was RMB1,470.2 million (US$206.5 million), a 1.8% increase from Q3 2024 [8]. - Revenue from loan facilitation services reached RMB1,220.7 million (US$171.5 million), marking a 10.4% increase year-over-year [8]. - Loan facilitation volume was RMB32.2 billion (US$4.5 billion), up 20.6% from the same period in 2024 [9]. - Average borrowing amount per transaction increased to RMB9,115 (US$1,280), a rise of 19.5% from Q3 2024 [9]. - The repeat borrower contribution rose to 78.6%, compared to 73.0% in Q3 2024 [9]. - The 90-day+ delinquency ratio stood at 1.33% as of September 30, 2025 [9]. Operational Highlights - Income from operations was RMB456.9 million (US$64.2 million), reflecting a 46.5% increase from Q3 2024 [14]. - Non-GAAP income from operations was RMB490.6 million (US$68.9 million), compared to RMB326.5 million in the same period of 2024 [14]. - Net income for the quarter was RMB376.5 million (US$52.9 million), a 39.7% increase from Q3 2024 [14]. Expense Management - Facilitation and servicing expenses decreased to RMB286.5 million (US$40.2 million) from RMB419.1 million in Q3 2024, primarily due to reduced financial guarantee service costs [11]. - General and administrative expenses increased by 29.0% to RMB72.4 million (US$10.2 million), driven by higher share-based compensation [13]. - Research and development expenses rose by 13.3% to RMB108.7 million (US$15.3 million), reflecting increased employee compensation [13]. Business Outlook - The company anticipates its full-year loan facilitation volume for 2025 to be between RMB127.8 billion and RMB129.8 billion, with Q4 2025 expected to range from RMB23.0 billion to RMB25.0 billion [18][19]. - Non-GAAP income from operations for the full year is projected to be between RMB1.99 billion and RMB2.06 billion [19]. Share Repurchase Plan - In August 2025, the Board approved an adjustment to the share repurchase plan, allowing for up to US$80 million in repurchases through June 12, 2026 [20]. - As of November 25, 2025, approximately 4.6 million ADSs had been repurchased for about US$30.4 million [20].