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. (NASDAQ: JFIN) is a fintech platform in China that focuses on facilitating connections between underserved individual borrowers and financial institutions. Its news flow centers on operating performance, technology development and capital management decisions related to its loan facilitation platform.
Investors following Jiayin’s news can expect regular quarterly unaudited financial results, where the company reports loan facilitation volume in Mainland China, repeat borrower contribution, 90 day+ delinquency ratios, net revenue, income from operations, net income and non-GAAP income from operation. Management commentary in these releases often discusses risk management, AI-driven tools, operational efficiency and the macroeconomic and regulatory environment affecting online individual finance in China.
Jiayin’s news also includes corporate actions such as cash dividend announcements, record and payment date updates, and share repurchase plan authorizations or adjustments approved by its board of directors. These items provide insight into how the company allocates capital and returns cash to shareholders. In addition, Jiayin discloses loan facility arrangements entered into by its subsidiaries, including the size of facilities, maturity, collateral and guarantee structure, and intended use of proceeds as general working capital.
Another recurring category of news is investor relations events, including notices of upcoming earnings conference calls and webcasts, along with references to the company’s Form 20-F annual report filing with the U.S. Securities and Exchange Commission. For a fuller picture of JFIN, readers can use this page as a hub for operational updates, financial disclosures and board-level decisions that shape Jiayin’s fintech business.
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Jiayin Group (NASDAQ: JFIN) announced its decision to sell its 100% equity interest in Fuzhou Zhuoqun Jieneng Information Technology Co., Ltd. and its subsidiary for an aggregate of RMB395 million. The agreement, signed on April 4, 2023, outlines the transfer of ownership to Shenzhen Rongxinbao Non-Financial Guarantee Co., Ltd. The sale is structured whereby approximately RMB316.2 million will offset existing payables owed by Jiayin to Fujian Zhuoqun, and RMB78.7 million will address payables relating to a previous transaction. The final settlement will be determined by both parties. The closing is contingent upon standard due diligence processes. Upon completion, Jiayin Finance will no longer hold any interest in Fujian Zhuoqun.
Jiayin Group Inc. (NASDAQ: JFIN) reported exceptional growth for Q4 and FY 2022, with total loan origination volume increasing by 249.2% to RMB18.9 billion and net income surging by 335.7% to RMB533.7 million. For the full year, revenue reached RMB3,271.4 million, up 83.7%, while net income grew by 152.3% to RMB1,180.2 million. The company’s focus on technology and partnerships has driven this performance. Looking ahead, Jiayin expects loan facilitation volumes of RMB70 billion for 2023, with a dividend policy established for future cash distributions.
Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, has announced that it will release its unaudited financial results for the fourth quarter and full year 2022 before U.S. markets open on March 29, 2023. A conference call is scheduled for the same day at 8:00 AM Eastern Time, where the company's performance will be discussed. Investors are encouraged to register in advance for the call and can access the live or archived webcast on the company's investor relations website.
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