Jiayin Group Stock Price, News & Analysis

Jiayin Group Inc. (NASDAQ: JFIN) will announce its financial results for Q4 and the full year 2020 on April 9, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:00 AM ET, allowing investors to join via registration. Jiayin is recognized as a leading fintech platform in China, connecting underserved borrowers with investors through advanced risk assessment models and big data analytics. The event will provide insights into the company’s performance and future outlook, which is critical for stakeholders.

Jiayin Group Inc. (NASDAQ: JFIN), a leading fintech platform in China, has appointed Marcum Bernstein & Pinchuk LLP as its new independent registered public accounting firm. This decision was approved by the Company’s audit committee and board of directors, succeeding Deloitte Touche Tohmatsu, which served since 2017 without any disagreements. The transition is part of Jiayin's commitment to enhance transparency and oversight in its financial reporting.

Jiayin Group Inc. (NASDAQ: JFIN) announced the resignation of Chief Technology Officer Mr. Jiong Feng effective February 8, 2021, due to personal reasons. In his place, Mr. Chongxian Bai, previously Vice President of Technology Operations, has been promoted to CTO. Mr. Bai brings over 15 years of technology leadership experience and has been with Jiayin since 2013, contributing to vital infrastructure developments. Jiayin is a leading fintech platform in China, offering secure connections between investors and borrowers underserved by traditional finance.

Jiayin Group Inc. (NASDAQ: JFIN) announced the resignation of Chief Financial Officer Chunlin Fan, effective January 8, 2021, for personal reasons. The Company appointed Bei Bai and Jin Chen as Co-Chief Financial Officers, both with significant experience in finance and investment. Bai previously served as the Financial Controller and has a background with PricewaterhouseCoopers. Chen has experience as a coverage banker at Citibank, specializing in capital market deals. The Company stated there were no disagreements leading to Fan's departure, and it remains committed to its fintech platform in China.

Jiayin Group Inc. (NASDAQ: JFIN) announced its Q3 2020 results, reflecting a transition to 100% institutional funding and elimination of its legacy P2P lending outstanding loans. Loan origination decreased 29.4% year-over-year to RMB3,330 million, but increased 48.8% sequentially. Net revenue fell 21.4% YoY to RMB401.3 million despite a 63.8% sequential growth. Operating income surged 79.6% YoY to RMB150.0 million, while net income increased 8.1% YoY to RMB88.4 million. The company noted strong investor confidence and operational improvements despite the challenging environment.

Jiayin Group Inc. (NASDAQ: JFIN) is set to announce its third quarter 2020 unaudited financial results on November 30, 2020, prior to the U.S. market opening. A conference call will follow at 8:00 AM U.S. Eastern Time, providing an opportunity for stakeholders to engage directly with the company's management. Jiayin, a prominent fintech platform in China, connects investors and borrowers, utilizing advanced algorithms for risk assessment.

Jiayin Group Inc. (NASDAQ: JFIN) has successfully closed the acquisition of a 35% equity interest in Keen Best Investment Limited from China Smartpay Group Holdings Limited. The acquisition, valued at HK$105,000,000, was settled by offsetting receivables held by Jiayin from Smartpay. This strategic move enhances Jiayin's position within China's fintech sector, particularly in internet microcredit, thus potentially increasing its market share and revenue opportunities. The acquisition fulfills conditions set in a previous share purchase agreement dated March 13, 2020.

On September 29, 2020, Jiayin Group (NASDAQ: JFIN) acquired a 35% equity interest in Keen Best Investment Limited from China Smartpay Group for HK$105,000,000. This acquisition was finalized following the fulfillment of conditions in a share purchase agreement initiated on March 13, 2020. Keen Best operates in the internet microcredit sector in China, enhancing Jiayin’s fintech capabilities. This strategic move aims to expand Jiayin's market presence and bolster investor-borrower connections in an underserved market.

Jiayin Group Inc. (NASDAQ: JFIN), a fintech platform in China, will release its second quarter 2020 unaudited financial results on September 2, 2020, before U.S. market opening. A conference call will take place at 8:00 AM U.S. Eastern Time on the same day, accessible via registration. The company focuses on connecting investors with borrowers who are underserved by traditional finance, utilizing advanced analytics for risk assessment. Interested parties can access a replay of the call until September 10, 2020, with relevant details available on the company’s investor relations website.