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Jiayin Group Inc. reports news as a China-based fintech platform whose ADSs trade on Nasdaq under JFIN. The company facilitates connections between underserved individual borrowers and financial institutions through a technology platform that uses big data analytics, algorithms and risk assessment models.
Recurring updates cover quarterly and annual financial results, loan facilitation volume, revenue from loan facilitation services, guarantee-related revenue, borrower repeat activity and delinquency metrics. Company announcements also address compliance with evolving fintech regulation, AI-driven risk management, overseas business development, cash dividends, loan facilities, ESG reporting and Form 20-F annual reporting.
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.
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