Jiayin Group Inc. (NASDAQ:JFIN) delivered third-quarter results on Tuesday that beat analyst forecasts, with net income rising 39.7% year over year to RMB376.5 million ($52.9 million) as the Chinese fintech firm continued to improve its operational efficiency. Shares were up 2.08% in premarket trading following the update.
Quarterly revenue inched 1.8% higher to RMB1.47 billion ($206.5 million), supported by a 20.6% jump in loan facilitation volume to RMB32.2 billion ($4.5 billion). Operating income surged 46.5% to RMB456.9 million ($64.2 million), while adjusted operating income totaled RMB490.6 million ($68.9 million), up from RMB326.5 million in the same period last year.
User activity remained robust, with repeat borrowers contributing 78.6% of total transactions, up from 73.0% a year ago. The average borrowing amount per transaction rose 19.5% to RMB9,115 ($1,280).
“Despite the uncertainty in the macro environment, we reached our previously stated guidance of RMB32.2 billion in loan facilitation volume and RMB490.6 million in adjusted income from operation,” said Founder and CEO Yan Dinggui. “We have actively engaged with our financial institution partners to adapt to regulatory changes, while advancing our AI technologies and refining operational workflows.”
Looking ahead, Jiayin projects full-year 2025 loan facilitation volume of RMB127.8 billion to RMB129.8 billion, with fourth-quarter volume expected to fall between RMB23.0 billion and RMB25.0 billion. The company also anticipates full-year adjusted operating income in the range of RMB1.99 billion to RMB2.06 billion.