China finance ministry: In 2024, 2.3 million housing loans from the housing provident fund were issued, amounting to over 1.3 trillion yuan.

China finance ministry: In 2024, 2.3 million housing loans from the housing provident fund were issued, amounting to over 1.3 trillion yuan.

Jiayin Group Inc., a leading fintech platform in China, reported robust financial results for the first quarter of 2025. The company's loan facilitation volume surged by 58.2% to RMB35.6 billion, while net revenue increased by 20.4% to RMB1,775.6 million. The company also experienced a significant 97.5% increase in net income, reaching RMB539.5 million. This strong performance underscores Jiayin's effective execution of its strategic priorities amidst a dynamic macroeconomic environment.

Key financial highlights for Q1 2025 include:

- Loan Facilitation Volume: RMB35.6 billion, a 58.2% increase from Q1 2024 [1].
- Net Revenue: RMB1,775.6 million, a 20.4% increase from the same period in 2024 [1].
- Net Income: RMB539.5 million, a 97.5% increase from Q1 2024 [1].
- Income from Operations: RMB606.6 million, a 91.7% increase from the same period in 2024 [1].

Despite these positive indicators, the company faced some challenges. The average borrowing amount per borrower decreased by 24.4%, suggesting a potential decline in borrower financial health or demand for larger loans. Additionally, the repeat borrower contribution to total loan facilitation volume decreased from 78.3% to 71.9%, indicating a drop in customer loyalty or satisfaction. Cash and cash equivalents also significantly dropped from RMB540.5 million to RMB190.3 million, raising concerns about liquidity and financial stability [1].

Looking ahead, Jiayin Group anticipates continued growth, projecting a loan facilitation volume range of RMB137 billion to RMB142 billion for 2025, alongside an extended cash dividend and a share repurchase plan [1].

References:

[1] https://www.nasdaq.com/articles/jiayin-group-inc-reports-582-increase-loan-facilitation-volume-and-204-growth-net-revenue