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Stock impact report

Jiayin Group Inc. Reports Third Quarter 2024 Unaudited Financial Results [Yahoo! Finance]

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: Yahoo! Finance
announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Operational and Financial Highlights: Loan facilitation volume 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 rate 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. Mr. Yan Dinggui, the Company's Founder, Director and Chief Executive Officer, commented: “As we close out the third quarter of 2024, I'm proud to Show less Read more
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