Welcome to our dedicated page for Jiayin Group news (Ticker: JFIN), a resource for investors and traders seeking the latest updates and insights on Jiayin Group stock.
Jiayin Group Inc (JFIN) operates at the intersection of financial services and digital innovation, leveraging big data analytics, cloud computing, and artificial intelligence to bridge consumers with financial institutions. This news hub provides investors and industry observers with timely updates on the company's strategic initiatives and market position within China's evolving fintech landscape.
Access JFIN's official press releases and curated financial news in one centralized location. Track developments across key areas including technology partnerships, regulatory updates, and operational milestones that demonstrate the company's commitment to intelligent risk management and digital transformation solutions.
This resource serves as an essential tool for monitoring JFIN's progress in developing cloud-based financial platforms and AI-driven services. Users will find comprehensive coverage of earnings announcements, strategic expansions, and technological innovations that shape the company's role in modernizing financial services infrastructure.
Bookmark this page for streamlined access to JFIN's latest corporate communications and market-moving developments. Regularly updated to reflect the company's dynamic position in the competitive fintech sector, this collection enables informed analysis of Jiayin Group's technology-driven approach to financial connectivity.
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.
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