Jiayin Group (JFIN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Jiayin Group Inc., a leading Chinese fintech platform, reported a significant revenue increase of 67.1% for the fiscal year 2023, reaching RMB5,467 million, with net income also growing by 9.9% to RMB1,298 million. Despite a robust full-year performance, the fourth quarter saw a dip in net income by 31.1% compared to the same period in 2022. The company attributes its annual growth to strategic uses of AI technology, an expanding partnership network, and a focus on risk resilience, and plans to continue rewarding shareholders with dividends.
For further insights into JFIN stock, check out TipRanks’ Stock Analysis page.