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Stock impact report

Jiayin Group Inc. Reports Third 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
SHANGHAI, Nov. 20, 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 third quarter ended September 30, 2024. Third Quarter 2024 Operational and Financial Highlights: Loan facilitation volume1 was RMB26.7 billion (US$3.8 billion), representing an increase of 10.3% from the same period of 2023. Average borrowing amount per borrowing was RMB7,629 (US$1,087), representing a decrease of 30.5% from the same period of 2023. Repeat borrowing rate2 was 67.8% compared with 71.5% in the same period of 2023. Net revenue was RMB1,444.9 million (US$205.9 million), representing a decrease of 1.5% from the same period of 2023. Income from operation was RMB311.9 million (US$44.4 million), representing a decrease of 18.3% from the same period of 2023. Net income was RMB269.6 million (US$38.4 million), representing a decrease of 16.8% from the same period of 2023. Show less Read more
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