24/7 Market News Snapshot 27 March, 2025 – Jiayin Group Inc. American Depositary Shares (NASDAQ:JFIN)
DENVER, Colo., 27 March, 2025 (247marketnews.com) – (NASDAQ:JFIN) are discussed in this article.
Jiayin Group Inc. (NASDAQ:JFIN) has experienced a notable surge in stock performance, with shares rising significantly in today’s trading session, reaching a high of $14.93, which marks an impressive 23.42% increase from the previous session’s closing price of $12.10. The trading volume appears robust, with 695.53K shares changing hands, reflecting heightened investor engagement and confidence in the company’s strategic direction. This remarkable uptick comes at a time when Jiayin has also reported strong financial growth in loan facilitation volume for the fourth quarter and fiscal year 2024.
For the fourth quarter of 2024, Jiayin’s loan facilitation volume reached RMB27.7 billion (approximately US$3.8 billion), representing a year-over-year increase of 37.8%. While the company did experience a decrease in net revenue to RMB1,404.5 million (US$192.4 million), it recorded a significant rise in income from operations, amounting to RMB392.6 million (US$53.8 million), compared to RMB232.0 million in the same period the previous year.
Over the full fiscal year, Jiayin reported a loan facilitation volume of RMB100.8 billion (US$13.8 billion), indicating a solid growth rate of 14.4% from 2023. The net revenue for the entire year saw an increase of 6.1%, reaching RMB5,801.0 million (US$794.7 million). This growth can be attributed to the company’s focus on innovative strategies and strengthening institutional partnerships.
CEO Yan Dinggui emphasized that Jiayin’s commitment to leveraging artificial intelligence and effective risk management has allowed the company to navigate market complexities successfully. To further enhance shareholder value, Jiayin announced an update to its dividend policy, increasing the annual dividend to approximately 30% of the net income after tax for the fiscal year. Looking forward, Jiayin expects continued growth in its loan facilitation volume and ongoing investments in technology, aiming to solidify its position within the fintech sector.