The latest announcement is out from Jiayin Group ( (JFIN) ).
Jiayin Group Inc. reported its unaudited financial results for the fourth quarter and fiscal year 2024, highlighting a 6.1% increase in full-year revenue to RMB5,801.0 million. Despite a challenging market environment, the company achieved a 14.4% increase in loan facilitation volume to RMB100.8 billion, driven by strategic initiatives and AI technology adoption. However, the fourth quarter saw a 12.2% decline in net revenue compared to the same period in 2023, with a notable decrease in average borrowing amounts and repeat borrowing rates. The company distributed cash dividends totaling US$26.6 million in 2024, reflecting its commitment to returning value to shareholders. Looking ahead, Jiayin plans to expand globally, diversify funding, and enhance AI integration to sustain growth and shareholder value.
More about Jiayin Group
Jiayin Group Inc. is a leading fintech platform based in China, primarily focused on loan facilitation services. The company leverages technology to optimize services and customer segments, with a significant emphasis on incorporating artificial intelligence across its operations.
YTD Price Performance: 84.45%
Average Trading Volume: 145,768
Technical Sentiment Signal: Sell
Current Market Cap: $641.7M
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