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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 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.
On June 11, 2020, Jiayin Group Inc. (NASDAQ: JFIN) addressed unusual trading activity in its American depositary shares (ADSs) that occurred on June 10, 2020. The Company refrained from commenting on the market speculation and noted it was unaware of the causes behind the price and volume spikes. Jiayin warned investors about the potential for volatility in its ADSs, which may arise from factors beyond its control. For more risks related to the ADSs, Jiayin referred to its annual report on Form 20-F filed with the SEC.
Jiayin Group Inc. (NASDAQ: JFIN) reported its first-quarter 2020 financial results, revealing a net income of RMB39.5 million (US$5.6 million), down 84.5% from RMB254.2 million in Q1 2019. The company experienced a 57.1% decline in net revenue, totaling RMB313.5 million (US$44.3 million). Loan origination volume decreased by 55.7% to RMB2,896 million (US$409 million), while investment volume dropped 48.3%. Despite challenges due to the pandemic, Jiayin's shift to institutional funding represents a significant advancement for long-term growth.
Jiayin Group Inc. (NASDAQ: JFIN) will announce its first quarter 2020 financial results on June 11, 2020, before U.S. markets open. A conference call will follow at 8:00 AM ET, allowing participants to discuss the earnings. Interested parties must register in advance for the call. Jiayin operates an online finance marketplace in China, connecting investors and borrowers with advanced risk assessment technologies. The company aims to enhance financial accessibility for individuals underserved by traditional banking.
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