Jiayin Group Stock Price, News & Analysis

Jiayin Group Inc. (NASDAQ: JFIN) will report its financial results for Q4 and the full year 2021 on March 31, 2022, before the U.S. market opens. A conference call will take place at 8:00 AM U.S. Eastern Time on the same day. Investors can register online to participate in the call and access a replay until April 7, 2022. Jiayin operates a fintech platform in China, connecting individual borrowers and financial institutions through a secure platform utilizing advanced data analytics for risk assessment.

Jiayin Group Inc. (NASDAQ: JFIN) announced its decision to sell a 95% equity interest in Shanghai Bweenet Network Technology Co., Ltd. to Shenzhen Rongxinbao Non-Financial Guarantee Co., Ltd. for RMB93.3 million. The share acquisition framework agreement, executed on December 29, 2021, requires satisfactory due diligence before closing. Following the transaction, Jiayin Finance will no longer own any stake in Shanghai Bweenet. Jiayin Group, a leading fintech platform in China, focuses on connecting underserved borrowers with financial institutions through an advanced risk management system.

Jiayin Group reported impressive financial performance for Q3 2021, with total loan origination reaching RMB6,668 million (US$1,034.9 million), a remarkable 100.2% increase from Q3 2020. Net income surged 41.2% to RMB124.8 million (US$19.4 million), while net revenue rose 43.8% to RMB577.1 million (US$89.6 million). Revenue from loan facilitation services grew 84.7% due to increased loan origination. Although operating income slightly increased, marketing expenses spiked 138.1%, reflecting aggressive customer acquisition strategies.

Jiayin Group Inc. (NASDAQ: JFIN) will announce its third quarter 2021 financial results on November 24, 2021, before U.S. market opens. A conference call will take place at 8:00 AM U.S. Eastern Time the same day. Participants can register for the call using the link provided in the press release. The company, a leading fintech platform in China, specializes in connecting individual borrowers with financial institutions while employing advanced analytics and risk assessment methodologies.

Jiayin Group Inc. (NASDAQ: JFIN) reported a remarkable second quarter for 2021, with total loan origination volume increasing by 153.0% to RMB5,663 million (US$877.1 million). Net income surged 208.5% to RMB126.8 million (US$19.6 million), significantly higher than the RMB41.1 million reported in 2020. Net revenue also saw a substantial rise of 100.9% to RMB492.2 million (US$76.2 million). The growth in revenue is attributed to increased loan origination from funding partners, while the company aims to expand partnerships and enhance risk management.

Jiayin Group Inc. (NASDAQ: JFIN) announced it will release its second quarter 2021 financial results on August 25, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:00 AM U.S. Eastern Time. Interested parties can register online, and a replay will be available until September 2, 2021. The company is a leading fintech platform in China, connecting individual borrowers with financial institutions through advanced risk assessment methods.

Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, has filed a prospectus supplement with the SEC for an at-the-market (ATM) offering of up to $30 million in Class A ordinary shares. The proceeds will be used to enhance its business operations in China and overseas, focusing on technology improvements, including big data analytics and risk management. The offering is managed by Roth Capital Partners, and sales will occur at varying market prices. The Company is not obligated to sell any shares under this program.

Jiayin Group reported a strong performance for Q1 2021, with total loan origination volume increasing by 44.1% to RMB4,172 million (US$636.8 million). Net income surged 137.2% to RMB93.7 million (US$14.3 million), alongside net revenue growth of 9.4% to RMB343.1 million (US$52.4 million). Despite a decline in average borrowing amount per borrower by 20.6%, and a drop in the repeat borrowing rate from 85.4% to 74.2%, the company remains optimistic about future growth driven by technological innovation and expanding market needs.

Jiayin Group Inc. (NASDAQ: JFIN) announced it will release its financial results for the first quarter of 2021 on June 7, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:00 AM ET. Interested participants can register online to join the call. The company is a leading fintech platform in China, connecting underserved borrowers with financial institutions using advanced algorithms for risk assessment. A replay of the call will be available until June 15, 2021.