FX.co ★ Jiayin Group Q3 Net Income Declines - Quick Facts

Jiayin Group (JFIN) announced its third-quarter results, noting a net income of RMB 269.6 million, which represents a 16.8% decline compared to the corresponding period in 2023. Earnings per ADS stood at RMB 5.08, down from RMB 6.04. The company reported net revenues of RMB 1.44 billion, reflecting a 1.5% decrease year-over-year. However, the loan facilitation volume showed promising growth, increasing by 10.3% to reach RMB 26.7 billion.

Looking ahead, Jiayin Group anticipates its loan facilitation volume for the fourth quarter of 2024 to be at least RMB 25 billion.