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Jiayin Group Inc (JFIN)
NASDAQ:JFIN
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: -7.94%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with significant achievements in loan facilitation and technological advancements. However, the decrease in net revenue and net income, coupled with increased costs, highlights challenges that the company faces. The positive growth in new borrowers and improved asset quality are promising, yet they are countered by increased expenses and a decline in cash reserves.Company Guidance
During Jiayin Group's Q3 2024 earnings call, key metrics highlighted include a loan facilitation volume of RMB 26.7 billion, marking a 10.3% year-over-year increase and a 11.25% quarter-over-quarter rise. The revenue from loan facilitation services reached RMB 1.1 billion, showing an 18.1% year-over-year growth. Despite these positive figures, the net revenue decreased by 1.5% to RMB 1,444.9 million, and net income dropped by 16.8% to RMB 269.6 million compared to Q3 2023. Additionally, the company achieved a 61 to 90 days delinquency rate of 0.55%, demonstrating improved asset quality. As of September 30, 2024, cash and cash equivalents stood at RMB 741.2 million. Looking forward, Jiayin Group anticipates a Q4 loan facilitation volume of no less than RMB 25 billion and plans to adjust its dividend distribution policy, targeting a payout of at least 15% of the previous fiscal year's net profit after tax starting in 2025.Record Loan Facilitation Volume
The loan facilitation volume reached approximately RMB 26.7 billion in the third quarter, setting a new record and representing a year-over-year growth of 10.3%.
Technological Advancements
The company deepened the application of large language models, upgraded the Wenquxing knowledge base, and introduced the MingYi automated machine learning platform, enhancing credit risk measurement and marketing efficiency.
Expansion of Institutional Partnerships
By the end of the third quarter, partnerships with 70 financial institutions were established, with several joint projects in discussion, to enhance borrower acquisition channels.
Improved Asset Quality
The 61 to 90 days delinquency rate decreased to 0.55%, showing a downward trend for two consecutive quarters.
Strong Growth in New Borrowers
The company acquired 826,000 new borrowers, a year-over-year growth of approximately 71.3%.
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JFIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JFIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $6.80 | $5.84 | -14.12% |
| Aug 27, 2024 | $6.22 | $5.45 | -12.38% |
| Jun 06, 2024 | $6.29 | $6.39 | +1.59% |
| Mar 28, 2024 | $6.39 | $6.04 | -5.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Jiayin Group Inc (JFIN) report earnings?
Jiayin Group Inc (JFIN) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Jiayin Group Inc (JFIN) earnings time?
Jiayin Group Inc (JFIN) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JFIN EPS forecast?
Currently, no data Available
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