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.
Jiayin Group Inc. (NASDAQ: JFIN) reported its Q2 2024 unaudited financial results. Key highlights:
- Loan facilitation volume remained stable at RMB24.0 billion (US$3.3 billion)
- Net revenue increased 15.5% YoY to RMB1,476.3 million (US$203.1 million)
- Income from operations decreased 38.5% YoY to RMB227.1 million (US$31.3 million)
- Net income decreased 27.0% YoY to RMB238.3 million (US$32.8 million)
The company expects Q3 2024 loan facilitation volume to reach approximately RMB25 billion. Jiayin also announced a cash dividend of US$0.50 per ADS and provided updates on its share repurchase plan and ESG initiatives.
Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, has announced a cash dividend of US$0.125 per ordinary share or US$0.50 per American depositary share (ADS). The record date is set for August 27, 2024, with payments expected to be distributed on or around September 3, 2024, for ordinary shareholders, and September 6, 2024, for ADS holders. The total dividend payout is estimated at approximately US$26.6 million. This announcement demonstrates Jiayin's commitment to delivering value to its shareholders and reflects the company's financial stability.
Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, has announced it will release its unaudited financial results for the second quarter of 2024 on Tuesday, August 27, 2024, before the U.S. market opens. The company will host a conference call to discuss these results on the same day at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time).
Interested parties can register for the conference call in advance using the provided link. A live and archived webcast of the call will be available on Jiayin's investor relations website at https://ir.jiayintech.cn/.
Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, has released its 2023 Environmental, Social and Governance (ESG) Report. This marks the company's third ESG report, underscoring its dedication to corporate sustainability, ethical business practices, and transparent governance.
In 2023, Jiayin focused on creating societal value and accelerating digital transformation. The company improved service quality, built a responsible supply chain, and promoted green technologies and low-carbon practices to minimize environmental impact and boost resource efficiency.
The report adheres to the Global Reporting Initiative's Sustainability Reporting Standards and references Nasdaq's ESG Reporting Guide 2.0. It is available in both English and Chinese on the company's investor relations website.
Jiayin Group (NASDAQ: JFIN) reported its unaudited financial results for Q1 2024. Key highlights include a 13.6% increase in loan facilitation volume to RMB22.5 billion and a 31.5% rise in net revenue to RMB1,475.3 million. However, income from operations fell 9.4% to RMB316.4 million, and net income decreased 2.4% to RMB273.1 million. The average borrowing amount per borrower grew by 6.6%, and repeat borrowing rate increased to 73.0%. The company also saw a substantial rise in facilitation and servicing expenses by 143.3%. The Board approved a US$0.50 cash dividend per ADS and extended the share repurchase plan to June 2025.
Jiayin Group, a leading fintech platform in China, announced the release of its unaudited financial results for Q1 2024 on June 6, 2024.
The results will be available before the U.S. market opens.
Additionally, a conference call to discuss the financial results will be held the same day at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time).
The conference call will be accessible via webcast on the company's investor relations website, where participants are encouraged to register in advance.
Jiayin Group Inc., a leading fintech platform in China, filed its annual report on Form 20-F for the fiscal year 2023 with the SEC. The report contains audited consolidated financial statements and can be accessed online or requested in hard copy.
FAQ
What is the current stock price of Jiayin Group American Depositary Shares (JFIN)?
What is the market cap of Jiayin Group American Depositary Shares (JFIN)?
What does Jiayin Group Inc. do?
Where is Jiayin Group Inc. based?
What are the core technologies used by Jiayin Group Inc.?
What is the business model of Jiayin Group Inc.?
How has Jiayin Group Inc. performed recently?
What is the loan facilitation volume?
What does repeat borrowing rate mean for Jiayin Group Inc.?
What is the significance of Jiayin Group’s cloud service platform?
How does Jiayin Group Inc. ensure security in its services?
What are the recent strategic focuses of Jiayin Group Inc.?
