Jiayin Group(US:JFIN)2025-08-20 13:00Financial Data and Key Metrics Changes - The company achieved a loan facilitation volume of RMB 37.1 billion, representing a year-on-year increase of approximately 54.6%, setting a new record [7][21] - Non-GAAP income from operations reached RMB 738 million, up approximately 182% year on year, while net income reached RMB 519 million, a year-on-year increase of approximately 117.8% [8][23] - The net income margin improved to 27.5%, significantly up from 16.1% in the same period last year [40] Business Line Data and Key Metrics Changes - The average borrowing amount per repeat borrower increased by 4.8% quarter on quarter, with their share of loan facilitation volume rising from 71.9% to 75.6% [10] - The number of borrowers reached 908,000, representing a year-on-year increase of approximately 33.5% [11] Market Data and Key Metrics Changes - In overseas markets, loan disbursements in Indonesia increased by over 200% year on year, and registered users grew by approximately 170% [14] - In Mexico, loan disbursement and registered users both increased by nearly 40% quarter on quarter [14] Company Strategy and Development Direction - The company is focusing on enhancing operational capabilities through data and AI empowerment to enable financial institutions to pursue long-term and quality growth [30] - The company plans to maintain compliance as a foundation while dynamically adjusting operational pace in response to new regulations [18] Management's Comments on Operating Environment and Future Outlook - Management expects the implementation of new loan facilitation regulations to drive long-term healthy industry development and ensure healthy competition [30] - The company anticipates Q3 loan facilitation volume guidance to be between RMB 32 billion and RMB 34 billion, with non-GAAP income from operations guidance set at RMB 490 million to RMB 560 million [18][40] Other Important Information - The company distributed a cash dividend of USD 0.8 per ADS, representing a 60% increase compared to last year [31] - An additional USD 50 million was approved for the share repurchase plan, bringing the total authorized repurchase amount to USD 80 million [32] Q&A Session Summary Question: Impact of new regulations on loan facilitation business and plans around shareholder returns - Management indicated that they will continue to focus on enhancing operational capabilities and are preparing contingency plans to respond to new regulations [30] - The company maintains an annual dividend policy with a total amount of approximately 30% of the previous year's net income after tax [31] Question: Outlook for profit margin and key drivers behind improved risk performance - The strong profit margin performance is attributed to increased loan facilitation volume, optimization of revenue mix, and strategic investments in AI technology [40] - Risk performance has improved due to ongoing investment in risk data and models, as well as increased loan volume [42]