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. 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.
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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.