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Jiayin Group Q2 revenue drops 61%, posts loss

Jiayin Group Inc. (JFIN) reported a sharp downturn for the quarter ended June 30, 2026, with net revenue of RMB736.9 million, a 60.9% year-over-year decline, and a net loss of RMB183.6 million versus net income a year earlier.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Jiayin Group Inc. (JFIN) reported a sharp downturn for the quarter ended June 30, 2026, with net revenue of RMB736.9 million, a 60.9% year-over-year decline, and a net loss of RMB183.6 million versus net income a year earlier. Loan transaction volume fell 74.4% to RMB9.5 billion, and loan facilitation service revenue dropped 88.5%, reflecting a major contraction in core lending activity. Operating performance swung from RMB639.1 million income to a RMB246.7 million loss from operations, while non-GAAP results showed a similar move to a RMB225.7 million loss.

The Company highlighted a strategic shift from scale-driven growth to a focus on quality and efficiency, expanding from pure loan facilitation toward a diversified, compliance-centered platform with technology and ecosystem collaboration. Despite weaker earnings, cash and cash equivalents rose to RMB504.0 million as of June 30, 2026. The 90 day+ delinquency ratio was 2.21%. Jiayin extended its share repurchase plan and had bought about 4.6 million ADSs for US$30.4 million, but decided to suspend its 2026 dividend to preserve capital for strategic investments and working capital.

Positive

  • Cash and cash equivalents increased to RMB504.0 million (US$74.3 million) as of June 30, 2026, from RMB43.4 million as of March 31, 2026, providing a stronger liquidity position during a period of declining revenue and profitability.
  • Revenue from releasing guarantee liabilities rose to RMB454.4 million, up from RMB126.4 million a year earlier, driven by higher average outstanding loan balances covered by guarantee services.
  • Share repurchases continued, with approximately 4.6 million ADSs bought for about US$30.4 million under the ongoing repurchase plan, indicating active capital return through buybacks despite current losses.
  • 90 day+ delinquency ratio remained at 2.21% as of June 30, 2026, suggesting credit performance on the platform remained controlled even as the business scale contracted.

Negative

  • Net revenue declined 60.9% year over year to RMB736.9 million in the second quarter of 2026, indicating a severe contraction in the Company’s revenue base.
  • Loan transaction volume fell 74.4% to RMB9.5 billion, and loan facilitation service revenue dropped 88.5%, showing a substantial reduction in core lending activity.
  • Profitability reversed sharply, with a RMB246.7 million loss from operations and RMB183.6 million net loss, compared with strong income from operations and net income in the prior-year quarter.
  • Facilitation and servicing expense surged 92.7% to RMB549.3 million, partly offsetting cost cuts in sales, marketing, and administration despite lower transaction volume.
  • The 2026 dividend was suspended to prioritize capital investments and working capital, reducing near-term cash returns to shareholders.

Filing Explained

Guarantee-related revenue and expense were reported alongside deferred guarantee income and contingent guarantee liabilities still recorded at June 30.

The August 28 Form 6-K is a foreign private issuer’s interim report furnishing Jiayin’s published second-quarter results; the reporting event is complete. The disclosure’s structural consequence is a clearer view of guarantee accounting: it reports revenue tied to releasing guarantee liabilities alongside a separate contingent-guarantee-liability balance.

For the quarter, Jiayin reported RMB454.4 million of revenue from releasing guarantee liabilities, attributing the increase to higher average outstanding loan balances covered by its guarantee services. It separately reported RMB549.3 million of facilitation and servicing expense, also attributing the increase primarily to those guaranteed loan balances.

As of June 30, 2026, the balance sheet listed deferred guarantee income of RMB493,893 thousand and contingent guarantee liabilities of RMB722,373 thousand. The balance sheet therefore presents guarantee-related amounts as liabilities in addition to the quarter’s recognized guarantee-related revenue.

Later filings can be checked for changes in these two named balance-sheet lines and for how the guarantee-related balances are released.

Net revenue Q2 2026 RMB736.9 million For the three months ended June 30, 2026; down 60.9% year over year
Net income (loss) Q2 2026 RMB183.6 million net loss For the three months ended June 30, 2026; compared with RMB519.1 million net income in Q2 2025
Transaction volume Q2 2026 RMB9.5 billion Loan transaction volume in Chinese Mainland; 74.4% decrease from Q2 2025
Cash and cash equivalents RMB504.0 million Balance as of June 30, 2026; up from RMB43.4 million as of March 31, 2026
90 day+ delinquency ratio 2.21% Loans 91–180 days past due as a percentage of outstanding principal as of June 30, 2026
Facilitation and servicing expense Q2 2026 RMB549.3 million For the three months ended June 30, 2026; 92.7% increase from Q2 2025
Revenue from releasing guarantee liabilities Q2 2026 RMB454.4 million For the three months ended June 30, 2026; up from RMB126.4 million in Q2 2025
ADS repurchases 4.6 million ADSs for approximately US$30.4 million Cumulative repurchases under share repurchase plan as of August 28, 2026
transaction volume financial
"Transaction volume1 was RMB9.5 billion (US$1.4 billion), representing a decrease"
Transaction volume measures how many shares or contracts change hands for a security during a given time period, or the total dollar value exchanged. Investors watch volume because it signals how easy it will be to buy or sell (liquidity) and whether a price move is backed by genuine interest — like counting shoppers in a store to tell if a sale is real or just a quiet day.
90 day+ delinquency ratio financial
"90 day+ delinquency ratio3 was 2.21% as of June 30, 2026."
The 90 day+ delinquency ratio is the share of loans, credit accounts, or receivables that are more than 90 days past due, expressed as a percentage of the total loan balance or portfolio. It matters to investors because a rising ratio signals worsening borrower ability to pay and higher potential losses for lenders or credit-dependent businesses — like seeing the proportion of customers who haven’t paid a bill in three months, which warns of future write-offs and weaker cash flow.
Non-GAAP income from operation financial
"Non-GAAP4 loss from operations was RMB225.7 million (US$33.3 million)"
M3+ Delinquency Rate financial
"historical cumulative M3+ Delinquency Rate by Vintage for loan products"
contingent guarantee liabilities financial
"Contingent guarantee liabilities | | | 617,588 | | | | 722,373"
Contingent guarantee liabilities are potential debts a company promises to pay only if a specific future event occurs, such as a borrower defaulting on a loan the company guaranteed. Think of it like co-signing a friend’s loan: you won’t pay unless they fail to, but the promise still creates risk. Investors care because these hidden promises can turn into real cash outflows, affect credit ratings, borrowing costs, and the company’s true financial risk.
American depositary shares financial
"repurchased approximately 4.6 million of its American depositary shares"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
Net revenue RMB736.9 million Decrease of 60.9% from the same period of 2025
Net income (loss) RMB183.6 million net loss Compared with RMB519.1 million net income in the same period of 2025
Income (loss) from operations RMB246.7 million loss from operations Compared with RMB639.1 million income from operations in the same period of 2025
Non-GAAP income (loss) from operations RMB225.7 million non-GAAP loss from operations Compared with RMB737.6 million non-GAAP income from operations in the same period of 2025
Transaction volume RMB9.5 billion Decrease of 74.4% from the same period of 2025
90 day+ delinquency ratio 2.21% Reported as of June 30, 2026; no prior-period percentage stated in this text

FAQ

How did Jiayin Group (JFIN) perform financially in Q2 2026?

Jiayin reported net revenue of RMB736.9 million, down 60.9% year over year, and a net loss of RMB183.6 million compared with net income in Q2 2025. Loss from operations was RMB246.7 million, versus income from operations of RMB639.1 million a year earlier.

What happened to Jiayin Group (JFIN) transaction volume in Q2 2026?

Jiayin’s transaction volume was RMB9.5 billion (US$1.4 billion) in Q2 2026, a 74.4% decrease from the same period of 2025, reflecting a major contraction in its loan facilitation business scale.

What is Jiayin Group (JFIN) non-GAAP operating result for Q2 2026?

Non-GAAP loss from operations was RMB225.7 million (US$33.3 million) in Q2 2026, compared with RMB737.6 million non-GAAP income from operations in Q2 2025. This metric excludes share-based compensation expenses.

What is Jiayin Group (JFIN) 90 day+ delinquency ratio as of June 30, 2026?

As of June 30, 2026, Jiayin reported a 90 day+ delinquency ratio of 2.21%, measuring loans 91 to 180 days past due as a percentage of total outstanding principal for loans facilitated in Chinese Mainland.

Did Jiayin Group (JFIN) change its dividend policy for 2026?

Yes. The Company suspended its dividend for fiscal year 2026 to support capital investments and working capital needs, while reiterating a long-term commitment to a competitive dividend as cash flows improve to sustainably higher levels.

How much stock has Jiayin Group (JFIN) repurchased under its plan?

As of August 28, 2026, Jiayin had repurchased approximately 4.6 million ADSs for about US$30.4 million under its share repurchase plan, which was extended to run through June 12, 2027.

What is Jiayin Group (JFIN) cash position as of June 30, 2026?

Jiayin reported cash and cash equivalents of RMB504.0 million (US$74.3 million) as of June 30, 2026, a material increase from RMB43.4 million as of March 31, 2026.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-38806

Jiayin Group Inc.

 

5th Floor, Lujiazui Investment Tower,

360 Pudian Road, Pudong New Area, Shanghai 200122

People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F

 

Form 40-F

 

 

 

 


 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

Exhibit 99.1

 

Press Release: Jiayin Group Inc. Reports Second Quarter 2026 Unaudited Financial Results

 


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

Jiayin Group Inc.

 

 

 

 

 

 

By:

/s/ Dinggui Yan

 

 

Name:

Dinggui Yan

 

 

Title:

Director and Chief Executive Officer

 

Date: August 28, 2026


 

Exhibit 99.1

 

img145519730_0.jpg

 

 

Jiayin Group Inc. Reports Second Quarter 2026 Unaudited Financial Results

 

SHANGHAI, China, August 28, 2026 (GLOBE NEWSWIRE) --Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.

 

Second Quarter 2026 Operational and Financial Highlights:

 

Transaction volume1 was RMB9.5 billion (US$1.4 billion), representing a decrease of 74.4% from the same period of 2025.

 

Average borrowing amount per borrowing was RMB6,663 (US$982), representing a decrease of 18.0% from the same period of 2025.

 

Repeat borrowing contribution2 was 73.1%, compared with 75.6% in the same period of 2025.

 

90 day+ delinquency ratio3 was 2.21% as of June 30, 2026.

 

Net revenue was RMB736.9 million (US$108.6 million), representing a decrease of 60.9% from the same period of 2025.

 

Loss from operations was RMB246.7 million (US$36.4 million), compared with RMB639.1 million income from operations in the same period of 2025.

 

Non-GAAP4 loss from operations was RMB225.7 million (US$33.3 million), compared with RMB737.6 million non-GAAP4 income from operations in the same period of 2025.

 

Net loss was RMB183.6 million (US$27.1 million), compared with RMB519.1 million net income in the same period of 2025.

 

 

 

 

 

 

 

1 “Transaction volume” refers to the total loan transaction volume in Chinese Mainland during the period presented.

2 “Repeat borrowing contribution” for a given period refers to the percentage of transaction volume in Chinese Mainland attributable to repeat borrowers during that period. “Repeat borrowers” during a certain period refers to borrowers who have borrowed in such period and have borrowed at least twice since such borrowers’ registration on our platform until the end of such period.

3 “90 day+ delinquency ratio” refers to the outstanding principal balance of loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of loans facilitated through the Company’s platform as of a specific date. Loans facilitated outside Chinese Mainland are not included in the calculation.

4 Please see the section entitled “Use of Non-GAAP Financial Measure” below and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.

 

 


 

 

 

 

img145519730_0.jpg

 

 

 

Mr. Yan Dinggui, the Company’s Founder, Director and Chief Executive Officer, commented: “During the second quarter of 2026, our transaction volume reached RMB9.5 billion, in line with our previously communicated guidance. The Company recorded a net loss of RMB183.6 million during the quarter, primarily due to the contraction of our business scale.

 

In response to evolving industry dynamics, we have launched a comprehensive strategic upgrade, shifting our development model from scale-driven growth toward a greater focus on both quality and efficiency. Furthermore, we are expanding our business model beyond pure loan facilitation into a diversified platform centered on our compliance-driven core business, technology empowerment, and ecosystem collaboration. Meanwhile, we continue to deepen our strategic investments in AI and overseas business to navigate the challenges of transformation, demonstrating our commitment to delivering long-term value.”

 

Second Quarter 2026 Financial Results

 

Net revenue was RMB736.9 million (US$108.6 million), representing a decrease of 60.9% from the same period of 2025.

 

Revenue from loan facilitation services was RMB184.8 million (US$27.2 million), representing a decrease of 88.5% from the same period of 2025. The decrease was primarily attributable to lower transaction volume.

 

Revenue from releasing of guarantee liabilities was RMB454.4 million (US$67.0 million) compared with RMB126.4 million in the same period of 2025. The year-over-year increase was primarily due to the increase in average outstanding loan balances for which the Company provided guarantee services.

 

Other revenue was RMB97.7 million (US$14.4 million), compared with RMB150.4 million for the same period of 2025. The decrease was primarily due to the decrease in the contribution from referral fees.

Facilitation and servicing expense was RMB549.3 million (US$81.0 million), representing an increase of 92.7% from the same period of 2025, primarily due to the increase in average outstanding loan balances for which the Company provided guarantee services.

 

Allowance for uncollectible receivables, contract assets, prepaid expenses and other current assets and others was RMB51.3 million (US$7.6 million), compared with RMB32.5 million for the same period of 2025, primarily due to increased guarantee services the Company provided.

Sales and marketing expense was RMB221.8 million (US$32.7 million), representing a decrease of 68.8% from the same period of 2025, primarily due to decreased borrower acquisition expenses and commission expenses.

 


 

 

 

 

img145519730_0.jpg

 

 

General and administrative expense was RMB66.9 million (US$9.9 million), representing a decrease of 39.5% from the same period of 2025, primarily due to a decrease in share-based compensation.

 

Research and development expense was RMB94.2 million (US$13.9 million), representing a decrease of 13.1% from the same period of 2025, primarily due to a decrease in share-based compensation.

 

Loss from operations was RMB246.7 million (US$36.4 million), compared with RMB639.1 million income from operations in the same period of 2025.

 

Non-GAAP loss from operation was RMB225.7 million (US$33.3 million), compared with RMB737.6 million non-GAAP income from operation in the same period of 2025.

 

Net loss was RMB183.6 million (US$27.1 million), compared with RMB519.1 million net income in the same period of 2025.

Basic and diluted net loss per share were both RMB0.89 (US$0.13) compared with RMB2.46 basic and diluted net income per share in the second quarter of 2025.

 

Basic and diluted net loss per ADS were both RMB3.56 (US$0.52) compared with RMB9.84 basic and diluted net income per ADS in the second quarter of 2025. Each ADS represents four Class A ordinary shares of the Company.

Cash and cash equivalents were RMB504.0 million (US$74.3 million) as of June 30, 2026, compared with RMB43.4 million as of March 31, 2026.

 

The following chart displays the historical cumulative M3+ Delinquency Rate by Vintage for loan products facilitated through the Company’s platform in Chinese Mainland.

 

img145519730_1.jpg

 


 

 

 

 

img145519730_0.jpg

 

 

Recent Development

 

Share Repurchase Plan Update

 

In June 2026, the Company’s Board of Directors approved to extend the share repurchase plan for another period of 12 months, commencing on June 13, 2026 and ending on June 12, 2027. Pursuant to the extended share repurchase plan, the Company may repurchase its ordinary shares through June 12, 2027 with an aggregate value not exceeding the remaining balance under the share repurchase plan.

 

As of August 28, 2026, the Company had repurchased approximately 4.6 million of its American depositary shares for approximately US$30.4 million.

 

Dividend

 

The Company is taking the added step of suspending its dividend for the fiscal year of 2026, recognizing the development trends of the industry in which the Company operates, and the importance of supporting the capital investments and working capital needed to execute its strategy. The Company reiterates its long-term commitment of a competitive dividend as cash flows improve to sustainably higher levels.

 

Environmental, Social and Governance (ESG)

 

On August 20, 2026, the Company published its 2025 Environmental, Social, and Governance (ESG) Report. This publication, making its fifth ESG report, highlights Jiayin’s ongoing commitment to corporate sustainability, ethical business practices, and transparent governance. In 2025, the Company leveraged artificial intelligence as a key driver to transform technology into business effectiveness, expanded the boundaries of inclusive finance through our global footprint, reduced environmental impact through green operations, and reinforced our development foundation through talent cultivation.

 

The ESG Report is prepared in accordance with the Global Reporting Initiative’s Sustainability Reporting Standards (GRI Standards), with reference to Nasdaq’s ESG Reporting Guide 2.0. To download the full report in English or Chinese, please visit the ESG section of the Company's investor relations website at: https://ir.jiayintech.cn/environmental-social-and-governance.

 

 


 

 

 

 

img145519730_0.jpg

 

 

Conference Call

 

The Company will conduct a conference call to discuss its financial results on August 28, 2026, at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day).

 

To join the conference call, all participants must use the following link to complete the online registration process in advance. Upon registering, each participant will receive access details for this event including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call.

 

Participant Online Registration:

 

https://register-conf.media-server.com/register/BIb4a22a07f69c42f187755e80e859a69a

 

A live and archived webcast of the conference call will be available on the Company’s investors relations website at http://ir.jiayintech.cn/.

 


 

 

 

 

img145519730_0.jpg

 

 

About Jiayin Group Inc.

 

Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between underserved individual borrowers and financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers. For more information, please visit http://ir.jiayintech.cn/.

 

Use of Non-GAAP Financial Measure

 

We use non-GAAP income from operation, which is a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that the non-GAAP financial measure helps identify underlying trends in our business by excluding the impact of share-based compensation expenses. We believe that non-GAAP financial measure provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

 

Non-GAAP income from operation represents income from operation excluding share-based compensation expenses. Such adjustment has no impact on income tax.

 

Non-GAAP income from operation is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for income from operation, net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.

 

For more information on this non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

 


 

 

 

 

img145519730_0.jpg

 

 

Exchange Rate Information

 

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2026. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

 

 

Safe Harbor / Forward-Looking Statements

 

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to the Company’s ability to retain existing borrowers and attract new borrowers in an effective and cost-efficient way, the Company’s ability to increase the transaction volume through its marketplace, effectiveness of the Company’s credit assessment model and risk management system, the Company’s ability to successfully implement its strategic upgrade and transition, the Company’s ability to expand into new business lines, PRC laws and regulations relating to the online individual finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Stock Market or other stock exchange, including its ability to cure any non-compliance with the continued listing criteria of the Nasdaq Stock Market. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.

 

For investor and media inquiries, please contact:

 

Jiayin Group

 

Ms. Emily Lu

Email: ir@jiayinfintech.cn

 

 


 

 

 

 

img145519730_0.jpg

 

 

JIAYIN GROUP INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands, except for share and per share data)

 

 

As of
December 31,

 

 

As of
June 30,

 

 

2025

 

 

2026

 

 

RMB

 

 

RMB

 

 

US$

 

ASSETS

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

61,837

 

 

 

503,991

 

 

 

74,279

 

Restricted cash

 

 

413,601

 

 

 

279,096

 

 

 

41,134

 

Accounts receivable and contract assets, net

 

 

3,732,677

 

 

 

2,554,878

 

 

 

376,542

 

Financial assets receivable, net

 

 

601,600

 

 

 

713,582

 

 

 

105,169

 

Prepaid expenses and other current assets, net

 

 

1,811,772

 

 

 

2,250,521

 

 

 

331,686

 

Amounts due from related parties

 

 

301,184

 

 

 

304,988

 

 

 

44,950

 

TOTAL CURRENT ASSETS

 

 

6,922,671

 

 

 

6,607,056

 

 

 

973,760

 

Property and equipment, net

 

 

1,326,943

 

 

 

1,305,238

 

 

 

192,368

 

Right-of-use assets

 

 

31,195

 

 

 

8,127

 

 

 

1,198

 

Long-term investments, net

 

 

302,077

 

 

 

358,268

 

 

 

52,802

 

Deferred tax assets, net

 

 

96,534

 

 

 

156,504

 

 

 

23,066

 

Other non-current assets

 

 

76,545

 

 

 

142,994

 

 

 

21,075

 

TOTAL NON-CURRENT ASSETS

 

 

1,833,294

 

 

 

1,971,131

 

 

 

290,509

 

TOTAL ASSETS

 

 

8,755,965

 

 

 

8,578,187

 

 

1,264,269

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

 

 

Bank borrowings, current

 

 

155,043

 

 

 

154,944

 

 

 

22,836

 

Deferred guarantee income

 

 

458,903

 

 

 

493,893

 

 

 

72,791

 

Contingent guarantee liabilities

 

 

617,588

 

 

 

722,373

 

 

 

106,465

 

Payroll and welfare payables

 

 

210,367

 

 

 

122,433

 

 

 

18,044

 

Amounts due to related parties

 

 

288,100

 

 

 

248,454

 

 

 

36,618

 

Tax payables

 

 

1,054,527

 

 

 

880,646

 

 

 

129,791

 

Accrued expenses and other current liabilities

 

 

874,630

 

 

 

1,054,139

 

 

 

155,361

 

Lease liabilities, current

 

 

25,290

 

 

 

7,176

 

 

 

1,058

 

TOTAL CURRENT LIABILITIES

 

 

3,684,448

 

 

 

3,684,058

 

 

 

542,964

 

Bank borrowings, non-current

 

 

516,000

 

 

 

474,000

 

 

 

69,859

 

Deferred tax liabilities

 

 

106,912

 

 

 

108,696

 

 

 

16,020

 

Lease liabilities, non-current

 

 

4,297

 

 

 

775

 

 

 

114

 

Other non-current liabilities

 

 

12,882

 

 

 

101,839

 

 

 

15,009

 

TOTAL NON-CURRENT LIABILITIES

 

 

640,091

 

 

 

685,310

 

 

 

101,002

 

TOTAL LIABILITIES

 

 

4,324,539

 

 

 

4,369,368

 

 

 

643,966

 

 

 

 

 

 

 

 

 

 

TOTAL SHAREHOLDERS’ EQUITY

 

 

4,431,426

 

 

 

4,208,819

 

 

620,303

 

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

8,755,965

 

 

 

8,578,187

 

 

1,264,269

 

 

 


 

 

 

 

img145519730_0.jpg

 

 

JIAYIN GROUP INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Amounts in thousands, except for share and per share data)

 

 

For the Three Months Ended
June 30,

 

 

For the Six Months Ended
June 30,

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

RMB

 

 

RMB

 

US$

 

 

RMB

 

 

RMB

 

US$

 

Net revenue

 

 

1,886,206

 

 

 

736,880

 

 

 

108,603

 

 

 

3,661,782

 

 

 

1,493,561

 

 

 

220,124

 

Operating costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilitation and servicing

 

 

(285,084

)

 

 

(549,335

)

 

 

(80,962

)

 

 

(621,095

)

 

 

(880,934

)

 

 

(129,834

)

Allowance for uncollectible receivables, contract assets,
   prepaid expenses and other current assets and others

 

 

(32,537

)

 

 

(51,316

)

 

 

(7,563

)

 

 

(50,078

)

 

 

(52,441

)

 

 

(7,729

)

Sales and marketing

 

 

(710,532

)

 

 

(221,761

)

 

 

(32,684

)

 

 

(1,385,026

)

 

 

(561,880

)

 

 

(82,811

)

General and administrative

 

 

(110,515

)

 

 

(66,886

)

 

 

(9,858

)

 

 

(163,310

)

 

 

(111,016

)

 

 

(16,362

)

Research and development

 

 

(108,436

)

 

 

(94,234

)

 

 

(13,888

)

 

 

(196,524

)

 

 

(204,009

)

 

 

(30,067

)

Total operating costs and expenses

 

 

(1,247,104

)

 

 

(983,532

)

 

(144,955

)

 

 

(2,416,033

)

 

 

(1,810,280

)

 

(266,803

)

Income (loss) from operations

 

 

639,102

 

 

 

(246,652

)

 

(36,352

)

 

 

1,245,749

 

 

 

(316,719

)

 

(46,679

)

Interest income (expense), net

 

 

1,285

 

 

 

(403

)

 

 

(59

)

 

 

5,460

 

 

 

(1,179

)

 

 

(174

)

Other income, net

 

 

2,793

 

 

 

28,269

 

 

 

4,166

 

 

 

55,182

 

 

 

29,697

 

 

 

4,377

 

Income (loss) before income taxes

 

 

643,180

 

 

 

(218,786

)

 

 

(32,245

)

 

 

1,306,391

 

 

 

(288,201

)

 

 

(42,476

)

Income tax (expense) benefit

 

 

(124,046

)

 

 

35,232

 

 

 

5,193

 

 

 

(247,775

)

 

 

42,984

 

 

 

6,335

 

Net income (loss)

 

 

519,134

 

 

 

(183,554

)

 

(27,052

)

 

 

1,058,616

 

 

 

(245,217

)

 

(36,141

)

Net loss attributable to non-controlling interests

 

 

(2

)

 

 

(4

)

 

 

(1

)

 

 

(4

)

 

 

(11

)

 

 

(2

)

Net income (loss) attributable to Jiayin Group Inc.

 

 

519,136

 

 

 

(183,550

)

 

(27,051

)

 

 

1,058,620

 

 

 

(245,206

)

 

(36,139

)

Weighted average shares used in calculating net income
   per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- Basic and diluted

 

 

210,811,151

 

 

 

209,590,492

 

 

 

209,590,492

 

 

 

212,137,300

 

 

 

209,455,090

 

 

 

209,455,090

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- Basic and diluted

 

 

2.46

 

 

 

(0.89

)

 

 

(0.13

)

 

 

4.99

 

 

 

(1.18

)

 

 

(0.17

)

Net income (loss) per ADS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- Basic and diluted

 

 

9.84

 

 

 

(3.56

)

 

 

(0.52

)

 

 

19.96

 

 

 

(4.72

)

 

 

(0.68

)

Net income (loss)

 

 

519,134

 

 

 

(183,554

)

 

(27,052

)

 

 

1,058,616

 

 

 

(245,217

)

 

(36,141

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

1,565

 

 

 

724

 

 

 

107

 

 

 

782

 

 

 

1,640

 

 

 

242

 

Comprehensive income (loss)

 

 

520,699

 

 

 

(182,830

)

 

(26,945

)

 

 

1,059,398

 

 

 

(243,577

)

 

(35,899

)

Comprehensive (loss) income attributable to
   non-controlling interests

 

 

(15

)

 

 

85

 

 

 

13

 

 

 

31

 

 

 

129

 

 

 

19

 

Total comprehensive income (loss) attributable to
   Jiayin Group Inc.

 

 

520,714

 

 

 

(182,915

)

 

(26,958

)

 

 

1,059,367

 

 

 

(243,706

)

 

(35,918

)

 

 


 

 

 

 

img145519730_0.jpg

 

 

JIAYIN GROUP INC.

UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(Amounts in thousands, except for share and per share data)

 

 

For the Three Months Ended
June 30,

 

 

For the Six Months Ended
June 30,

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

RMB

 

 

RMB

 

US$

 

 

RMB

 

 

RMB

 

US$

 

Reconciliation of Non-GAAP income (loss) from
    operations to Income (loss) from operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

 

639,102

 

 

 

(246,652

)

 

 

(36,352

)

 

 

1,245,749

 

 

 

(316,719

)

 

 

(46,679

)

Add: share-based compensation expenses

 

 

98,539

 

 

 

20,970

 

 

 

3,091

 

 

 

98,539

 

 

 

20,970

 

 

 

3,091

 

Non-GAAP income (loss) from operations

 

 

737,641

 

 

 

(225,682

)

 

(33,261

)

 

 

1,344,288

 

 

 

(295,749

)

 

(43,588

)

 

 


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