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Jiayin Group Inc. American Depositary Shares - JFIN STOCK NEWS

Welcome to our dedicated page for Jiayin Group American Depositary Shares news (Ticker: JFIN), a resource for investors and traders seeking the latest updates and insights on Jiayin Group American Depositary Shares stock.

Jiayin Group Inc. (JFIN) is a prominent technology service group based in China, dedicated to leveraging cutting-edge technologies to bridge the gap between consumers and financial institutions. Since its inception, Jiayin Group has been at the forefront of technological innovation, embedding it into the core of their operations. The company employs big data, cloud computing, artificial intelligence, and other advanced technologies to ensure that users have access to efficient and convenient services.

Jiayin Group focuses on a dual strategy of digital and technological advancement. They are committed to building a robust cloud service platform and an intelligent risk control system, driven by big data. This approach not only enhances their service offerings but also ensures scalability and reliability in connecting users with financial products and services.

In recent achievements, Jiayin Group has shown significant progress in their business operations and financial performance. The company's third-quarter 2023 financial results showcased a strong business outlook, backed by strategic partnerships and a growing customer base. Key highlights include substantial increases in loan facilitation volumes and a high repeat borrowing rate, indicating strong customer loyalty and satisfaction.

The company continues to innovate and expand its service offerings, ensuring that each consumer enjoys seamless and secure access to financial services. Through continuous technological advancements and strategic collaborations, Jiayin Group Inc. remains a significant player in the tech-driven financial services sector in China.

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Jiayin Group Inc. (JFIN) reported a 67.1% revenue growth to RMB5,467 million for 2023, with net income increasing by 9.9% to RMB1,298 million. Despite a decrease in net income in Q4 2023, the company's loan facilitation volume and revenue showed positive trends. The company aims to enhance shareholder value through dividend distributions and share repurchase plans.
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Jiayin Group Inc. (NASDAQ: JFIN) will release unaudited financial results for Q4 and full year 2023 on March 28, 2024. A conference call will be held the same day to discuss the results.
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Jiayin Group Inc. (NASDAQ: JFIN) approves cash dividend of US$0.10 per ordinary share or US$0.40 per ADS, with an expected distribution of approximately US$21.2 million to shareholders and ADS holders.
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Jiayin Group Inc. (JFIN) appoints Deloitte as independent registered public accounting firm, dismissing Marcum Asia CPAs. No disagreements or reportable events with MA. Deloitte not consulted on accounting principles or matters of disagreement.
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Jiayin Group Inc. (JFIN) reported a 62.4% increase in total loan origination volume, reaching RMB24.2 billion, with net revenue growing by 64.0% to RMB1,466.3 million in the third quarter of 2023. Net income also saw a 30.6% increase to RMB323.9 million. The company's repeat borrowing rate increased to 71.5%, indicating strong customer retention. However, the company also saw an increase in operating expenses, sales and marketing expenses, and allowance for uncollectible receivables. Cash and cash equivalents decreased to RMB180.3 million as of September 30, 2023, from RMB288.9 million as of June 30, 2023.
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Jiayin Group Inc. (NASDAQ: JFIN) to release unaudited financial results for Q3 2023 on November 22, 2023. Conference call to discuss the results scheduled for 8:00 AM U.S. Eastern Time. Webcast available on http://ir.jiayin-fintech.com/
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Jiayin Group Inc. reports strong Q2 2023 financial results with significant increases in loan origination volume, net revenue, and net income. Loan origination volume grew 77.8% to RMB24.0 billion, net revenue increased 57.4% to RMB1,277.8 million, and net income grew 28.6% to RMB326.3 million. The company's loan facilitation volume outlook for the full year of 2023 has been raised to RMB85 billion. Delinquency rates have consistently maintained stability. The company also released its 2022 ESG report, highlighting its ongoing efforts in corporate sustainability and ethical business practices.
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Jiayin Group Inc. (NASDAQ: JFIN) to release unaudited financial results for Q2 2023 on August 21, 2023, followed by an earnings conference call. Register for the webcast and join the call to discuss the financial results.
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Jiayin Group Inc. has published its 2022 Environmental, Social, and Governance (ESG) report, highlighting its commitment to sustainability and ethical practices. The report is prepared in accordance with the Global Reporting Initiative’s Sustainability Reporting Standards and Nasdaq’s ESG Reporting Guide 2.0.
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FAQ

What is the current stock price of Jiayin Group American Depositary Shares (JFIN)?

The current stock price of Jiayin Group American Depositary Shares (JFIN) is $6.26 as of December 20, 2024.

What is the market cap of Jiayin Group American Depositary Shares (JFIN)?

The market cap of Jiayin Group American Depositary Shares (JFIN) is approximately 350.5M.

What does Jiayin Group Inc. do?

Jiayin Group Inc. leverages big data, cloud computing, and AI to connect consumers with financial institutions, providing efficient and convenient services.

Where is Jiayin Group Inc. based?

Jiayin Group Inc. is based in China.

What are the core technologies used by Jiayin Group Inc.?

The core technologies used by Jiayin Group include big data, cloud computing, and artificial intelligence.

What is the business model of Jiayin Group Inc.?

Jiayin Group uses a digital and technology-driven approach to build a cloud service platform and intelligent risk control system for financial services.

How has Jiayin Group Inc. performed recently?

The company reported strong third-quarter 2023 financial results, with significant loan facilitation volumes and a high repeat borrowing rate.

What is the loan facilitation volume?

Loan facilitation volume refers to the total loan volume facilitated by Jiayin Group in Mainland China during a specific period.

What does repeat borrowing rate mean for Jiayin Group Inc.?

Repeat borrowing rate indicates the percentage of borrowers who have borrowed multiple times, showing customer loyalty and satisfaction.

What is the significance of Jiayin Group’s cloud service platform?

The cloud service platform enhances scalability and reliability in connecting consumers with financial services securely and efficiently.

How does Jiayin Group Inc. ensure security in its services?

The company uses an intelligent risk control system driven by big data to ensure secure financial transactions and services.

What are the recent strategic focuses of Jiayin Group Inc.?

Jiayin Group is focused on continuous technological advancements and strategic collaborations to expand its service offerings and market presence.

Jiayin Group Inc. American Depositary Shares

Nasdaq:JFIN

JFIN Rankings

JFIN Stock Data

350.54M
26.62M
1.54%
1.19%
0.05%
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United States of America
Shanghai