Jiayin Group (JFIN) has released an update.
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Jiayin Group Inc., a leading fintech platform in China, has reported a 13.6% increase in loan facilitation volume reaching RMB 22.5 billion, and a 31.5% growth in net revenue to RMB 1,475.3 million for the first quarter of 2024. Despite these increases, the company experienced minor setbacks with a 9.4% decrease in income from operations and a slight 2.4% dip in net income compared to the previous year. The CEO remains optimistic, noting steady growth and the integration of artificial intelligence to maintain the company’s competitive edge in the market.
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