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Stock impact report

Jiayin Group Inc. Reports Second Quarter 2024 Unaudited Financial Results

Jiayin Group Inc. - American Depositary Shares (JFIN) 
Last jiayin group inc. - american depositary shares earnings: 4/1 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
 -- Second Quarter Total Loan Facilitation Volume remained stable at RMB 24.0 billion -- -- Second Quarter Net Revenue Grew 15.5% to RMB1,476.3 million --        SHANGHAI, Aug. 27, 2024 (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, 2024. Second Quarter 2024 Operational and Financial Highlights: Loan facilitation volume1 was RMB24.0 billion (US$3.3 billion), compared with RMB24.0 billion in the same period of 2023. Average borrowing amount per borrowing was RMB9,080 (US$1,249), representing a decrease of 12.4% from the same period of 2023. Repeat borrowing rate2 was 67.1%, compared with 70.1% in the same period of 2023. Net revenue was RMB1,476.3 million (US$203.1 million), representing an increase of 15.5% from the same period of 2023. Income from operation was RMB227.1 million (US$31.3 million), representing a decrease Show less Read more
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