JFIN Latest Report

Financial Performance

JFIN Technology's total operating revenue in 2024 was US$1.404 billion, a 12.27% YoY decrease from US$1.601 billion in 2023. This change reflects the pressure faced by the company's operating revenue in the fiscal year, possibly affected by various factors.

Key Financial Data

1. The total operating revenue in 2024 was US$1.404 billion, a 12.27% YoY decrease from US$1.601 billion in 2023. This indicator's decline indicates possible challenges in the company's market competition or operational efficiency.

2. The overall decline in industry operating revenue reflects a trend of insufficient industry demand or intensified market competition.

3. JFIN Technology's revenue growth rate in the first quarter of 2024 was 31.5%, showing its good market performance in a specific period.

4. Despite the economic pressure, JFIN Technology still achieved a record-high revenue in the first half of 2024, with a compound annual growth rate of 51.5%.

5. The overdue rate has increased, especially the overdue rate from 90-180 days, which rose from 1.48% at the end of 2023 to 1.63%, which may affect future product demand and overall business performance.

Peer Comparison

1. Industry-wide analysis: The overall industry faced challenges in 2024, with many companies experiencing a general decline in operating revenue, possibly reflecting a trend of insufficient industry demand or intensified market competition. The average decline in operating revenue may be similar to JFIN Technology's, indicating the industry's overall weakness.

2. Peer evaluation analysis: Compared with other companies in the same industry, JFIN Technology's decline in operating revenue was larger, possibly putting it at a disadvantage. Other competitors may have performed better in market expansion, product innovation, or customer service, thus maintaining a relatively stable revenue level.

Summary

JFIN Technology faced numerous challenges in 2024, with a significant decline in operating revenue possibly due to intensified market competition, weakened product demand, and macroeconomic fluctuations. Although the company showed good growth in some quarters, the overall trend indicates that the pressure it faces cannot be ignored.

Opportunities

1. JFIN Technology's revenue growth rate of 31.5% in the first quarter of 2024 indicates its growth potential in specific market conditions.

2. The company has continuously increased its R&D investment in AI technology, which may enhance its market competitiveness through technological innovation in the future.

3. JFIN Technology has strengthened its cooperation with multiple financial institutions, which helps expand the market and improve customer acquisition efficiency.

Risks

1. The decline in operating revenue may damage the company's profitability, affecting future investment and development.

2. The increase in overdue rate may affect the demand for the company's credit products, thus affecting overall performance.

3. Macroeconomic uncertainties may further intensify market competition, limiting the company's growth space.