Jiayin Group ( (JFIN) ) has released its Q4 earnings. Here is a breakdown of the information Jiayin Group presented to its investors.
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Jiayin Group Inc. is a leading fintech platform in China that facilitates connections between underserved individual borrowers and financial institutions using advanced data analytics and risk assessment models.
In its latest earnings report, Jiayin Group Inc. announced a 6.1% increase in full-year revenue for 2024, reaching RMB5,801.0 million. Despite the revenue growth, the company experienced a decline in net income, which fell by 18.6% compared to the previous year.
Key financial metrics for the fourth quarter of 2024 include a 37.8% increase in loan facilitation volume to RMB27.7 billion, while net revenue decreased by 12.2% year-over-year. The company reported a net income of RMB275.5 million for the quarter, marking a 25.1% decrease from the same period in 2023. For the full year, loan facilitation volume rose by 14.4% to RMB100.8 billion, and net income was RMB1,056.5 million, down from RMB1,297.6 million in 2023.
Looking ahead, Jiayin Group plans to accelerate global expansion, diversify funding sources, and enhance AI adoption to maintain sustainable growth. The company aims to continue delivering long-term shareholder value through prudent operations and robust risk management strategies.