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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.
Jiayin Group reported impressive financial performance for Q3 2021, with total loan origination reaching RMB6,668 million (US$1,034.9 million), a remarkable 100.2% increase from Q3 2020. Net income surged 41.2% to RMB124.8 million (US$19.4 million), while net revenue rose 43.8% to RMB577.1 million (US$89.6 million). Revenue from loan facilitation services grew 84.7% due to increased loan origination. Although operating income slightly increased, marketing expenses spiked 138.1%, reflecting aggressive customer acquisition strategies.
Jiayin Group Inc. (NASDAQ: JFIN) will announce its third quarter 2021 financial results on November 24, 2021, before U.S. market opens. A conference call will take place at 8:00 AM U.S. Eastern Time the same day. Participants can register for the call using the link provided in the press release. The company, a leading fintech platform in China, specializes in connecting individual borrowers with financial institutions while employing advanced analytics and risk assessment methodologies.
Jiayin Group Inc. (NASDAQ: JFIN) reported a remarkable second quarter for 2021, with total loan origination volume increasing by 153.0% to RMB5,663 million (US$877.1 million). Net income surged 208.5% to RMB126.8 million (US$19.6 million), significantly higher than the RMB41.1 million reported in 2020. Net revenue also saw a substantial rise of 100.9% to RMB492.2 million (US$76.2 million). The growth in revenue is attributed to increased loan origination from funding partners, while the company aims to expand partnerships and enhance risk management.
Jiayin Group Inc. (NASDAQ: JFIN) announced it will release its second quarter 2021 financial results on August 25, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:00 AM U.S. Eastern Time. Interested parties can register online, and a replay will be available until September 2, 2021. The company is a leading fintech platform in China, connecting individual borrowers with financial institutions through advanced risk assessment methods.
Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, has filed a prospectus supplement with the SEC for an at-the-market (ATM) offering of up to $30 million in Class A ordinary shares. The proceeds will be used to enhance its business operations in China and overseas, focusing on technology improvements, including big data analytics and risk management. The offering is managed by Roth Capital Partners, and sales will occur at varying market prices. The Company is not obligated to sell any shares under this program.
Jiayin Group reported a strong performance for Q1 2021, with total loan origination volume increasing by 44.1% to RMB4,172 million (US$636.8 million). Net income surged 137.2% to RMB93.7 million (US$14.3 million), alongside net revenue growth of 9.4% to RMB343.1 million (US$52.4 million). Despite a decline in average borrowing amount per borrower by 20.6%, and a drop in the repeat borrowing rate from 85.4% to 74.2%, the company remains optimistic about future growth driven by technological innovation and expanding market needs.
Jiayin Group Inc. (NASDAQ: JFIN) announced it will release its financial results for the first quarter of 2021 on June 7, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:00 AM ET. Interested participants can register online to join the call. The company is a leading fintech platform in China, connecting underserved borrowers with financial institutions using advanced algorithms for risk assessment. A replay of the call will be available until June 15, 2021.
Jiayin Group Inc. (NASDAQ: JFIN) filed its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2020, on April 30, 2021. The report is accessible on the Company's investor relations website and the SEC's site. Jiayin, a leading fintech platform in China, focuses on connecting underserved individual borrowers with financial institutions, leveraging advanced analytics for risk assessment. Shareholders can request a hard copy of the audited financial statements free of charge through the Investor Relations Department.
Jiayin Group reported robust financial results for Q4 2020, with net income soaring 258.8% to RMB81.1 million compared to RMB22.6 million in Q4 2019. Loan origination volume reached RMB3,088 million, a 6.5% increase year-on-year. However, net revenue dipped 3.5% to RMB340.3 million, influenced by a sequential decline of 15.2%. In the full year, net revenue fell 41.7% to RMB1,300.2 million, primarily due to declining loan origination volumes. The company continues to pivot towards a technology-driven model, focusing on institutional funding partners and reducing reliance on legacy P2P lending.
Jiayin Group reported a Q4 2020 net income of RMB 81.1 million (USD 12.4 million), a 258.8% YoY increase, driven by a 6.5% YoY rise in loan origination volume to RMB 3,088 million (USD 473.3 million). Full-year net revenue fell 41.7% to RMB 1,300.2 million (USD 199.3 million) as the company transitioned to institutional funding sources. Operating income was RMB 302.1 million (USD 46.3 million) for the full year. Despite a decrease in average borrowing amount and overall revenue, the company's focus on technology and risk management enhanced its profitability.
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