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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. (NASDAQ: JFIN), a prominent fintech platform in China, will announce its second quarter 2022 financial results before the U.S. market opens on August 18, 2022. A conference call to discuss these results is scheduled for the same day at 8:00 AM U.S. Eastern Time. Participants are encouraged to register in advance to join the call. Jiayin Group is dedicated to connecting underserved borrowers with financial institutions using a secure platform and advanced big data analytics for risk assessment.

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Jiayin Group Inc. (NASDAQ: JFIN) has authorized a share repurchase plan allowing it to buy back up to US$10 million worth of ordinary shares over the next 12 months. The repurchases will be executed through open market transactions and other legal means, funded by the company's existing cash balance. This initiative aims to enhance shareholder value and reflects the company's confidence in its financial position. Jiayin operates a leading fintech platform in China, focusing on connecting underserved borrowers with financial institutions.

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Jiayin Group Inc. reported a robust performance for the first quarter of 2022, with total loan origination volume soaring 95.4% to RMB8,153 million (US$1,286 million). Net income surged 54.3% to RMB144.6 million (US$22.8 million), and net revenue reached RMB511.2 million (US$80.6 million), reflecting a 49.0% increase. The average loan amount rose 41.0% to RMB8,736 (US$1,378), although the repeat borrowing rate declined to 70.1%. The company aims to enhance risk management and expand its global footprint amidst macroeconomic uncertainties.

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Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, will announce its Q1 2022 financial results on June 8, 2022, before U.S. markets open. A conference call is scheduled for the same day at 8:00 AM ET. Investors can participate through an online registration link. A replay will be available until June 16, 2022, using conference ID 3247939. Jiayin focuses on connecting individual borrowers with financial institutions through a secure platform and advanced risk assessment models. For more information, visit their investor relations website.

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Jiayin Group Inc. (NASDAQ: JFIN) announced the reappointment of Mr. Chunlin Fan as Chief Financial Officer, effective May 5, 2022. Mr. Fan previously held this role from January 2016 to January 2021. Ms. Bei Bai and Ms. Jin Chen, who served as Co-CFOs since January 2021, will transition to senior roles within the company. Jiayin Group is a leading fintech platform in China, focused on connecting underserved borrowers with financial institutions through advanced risk management systems and big data analytics.

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Jiayin Group Inc. (NASDAQ: JFIN) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 29, 2022. The report includes audited consolidated financial statements and is accessible via the company's investor relations website and the SEC's site. Jiayin Group, a leading fintech platform in China, focuses on connecting underserved borrowers with financial institutions using advanced risk assessment models and big data analytics.

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Jiayin Group reported a significant increase in its financial performance for Q4 and FY 2021. Total loan origination volume surged by 75.3% to RMB5.4 billion, while net income rose 51.0% to RMB122.5 million in Q4. For the full year, revenue grew 36.9% to RMB1.8 billion, with net income up 87.0% to RMB467.8 million. The firm maintained strong partnerships with financial institutions and focused on risk management and market expansion, aiming for continued growth in 2022.

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Jiayin Group Inc. (NASDAQ: JFIN) will report its financial results for Q4 and the full year 2021 on March 31, 2022, before the U.S. market opens. A conference call will take place at 8:00 AM U.S. Eastern Time on the same day. Investors can register online to participate in the call and access a replay until April 7, 2022. Jiayin operates a fintech platform in China, connecting individual borrowers and financial institutions through a secure platform utilizing advanced data analytics for risk assessment.

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Jiayin Group Inc. (NASDAQ: JFIN) announced its decision to sell a 95% equity interest in Shanghai Bweenet Network Technology Co., Ltd. to Shenzhen Rongxinbao Non-Financial Guarantee Co., Ltd. for RMB93.3 million. The share acquisition framework agreement, executed on December 29, 2021, requires satisfactory due diligence before closing. Following the transaction, Jiayin Finance will no longer own any stake in Shanghai Bweenet. Jiayin Group, a leading fintech platform in China, focuses on connecting underserved borrowers with financial institutions through an advanced risk management system.

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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