Jiaxin Technology (JFIN.US) 2024 Q3 Earnings: Robust Business Growth, AI-Driven Digital Operations

Zhitong Finance learned that on November 20, 2023, Jiaxin Technology (JFIN.US), a technology company headquartered in Shanghai, China, released its unaudited financial report for the third quarter of 2024. The report showed that Jiaxin Technology maintained a steady growth trend in the third quarter, with a transaction amount of about RMB26.7 billion, up about 10.3% year-on-year, setting a new record. Its operating revenue reached about RMB1.44 billion, including about RMB1.11 billion in corresponding matchmaking services, up about 18.1% year-on-year.

Recently, the gradual implementation of a package of incremental policies has become an important engine to boost consumption, and the economic development trend in China has continued to be good. Facing diversified credit needs arising from different consumption scenarios, Jiaxin Technology's business deployment and operation strategies have become more active, especially in new customer deployment. As of the end of the third quarter, the repurchase rate remained at 67.8%, with an average loan amount of RMB7,629.

Thanks to the accurate and flexible risk control strategy and the upgraded and iterated risk control model, Jiaxin Technology's asset quality continued to be optimized in the third quarter. The 61-90-day delinquency rate was 0.55%, showing a downward trend for two consecutive quarters. From the pre-screening of the RTA model at the customer acquisition channel end, to the risk management of credit applications and approval amounts, the strategies and models at each link are continuously playing a positive role.

At the same time, the company adheres to the principle of cautious operation, achieving balanced development in terms of "quantity" and "quality", fully upgrading the intelligent model architecture, continuously introducing richer data samples to train the model, and significantly improving the modeling and online efficiency through its self-developed "Lingxi" AI Agent intelligent body and "Fuxi" model platform.

Jiaxin Technology Chairman Yanzheng said that the company's transaction amount and related income continued to grow steadily in this quarter, reflecting the effectiveness of its business innovation, risk management, and diversified market strategy. The company has successfully used technology to improve operational efficiency and user experience and paid close attention to risk resilience. Jiaxin Technology believes that its flexible business model and sustainable growth will enable it to seize new opportunities and create long-term value for its shareholders.