Jiayin Group Inc (JFIN) Q3 2024 Earnings Call Highlights: Record Loan Facilitation Volume ... [Yahoo! Finance]
Jiayin Group Inc. - American Depositary Shares (JFIN)
Last jiayin group inc. - american depositary shares earnings: 4/1 06:00 am
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Source: Yahoo! Finance
Jiayin Group Inc ( NASDAQ:JFIN ) achieved a record loan facilitation volume of approximately RMB 26.5 billion in Q3 2024, marking a year-over-year growth of 10.3%. Revenue from loan facilitation services increased by 18.1% year-over-year, reaching around RMB 1.1 billion. The company has successfully expanded its institutional partnerships, establishing collaborations with 70 diverse financial institutions. Jiayin Group Inc ( NASDAQ:JFIN ) has made significant advancements in technology, including the introduction of a self-developed automated machine learning platform to enhance credit risk measurement and marketing scenarios. The company reported a 71.3% year-over-year growth in new borrowers, acquiring 826,000 new borrowers in Q3 2024. Net revenue decreased by 1.5% year-over-year, and net income dropped by 16.8% compared to the same period in 2023. The average borrowing amount per loan decreased by 30.5% year-over-year, indicating a potential shift in user preference to
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JFIN
News
- Jiayin Group announces purchase of commercial property [Seeking Alpha]Seeking Alpha
- Jiayin Group Inc. Announces Purchase of Commercial PropertyGlobeNewswire
- Jiayin Group Inc. (JFIN) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Jiayin Group Inc. Reports Third Quarter 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- Jiayin Group Inc. Reports Third Quarter 2024 Unaudited Financial ResultsGlobeNewswire
JFIN
Sec Filings
- 12/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- JFIN's page on the SEC website