JiaYin Technology Reports 14.4% Loan Growth, 46.3% Q4 Revenue Surge

JiaYin Technology, a leading financial technology company based in China, has announced its unaudited financial results for the fourth quarter and full year of 2024. The company reported a total revenue of 58.01 billion yuan for the year, achieving a net profit of 10.57 billion yuan. This performance highlights JiaYin Technology's strong market presence and operational efficiency.

The company's loan facilitation transactions for the year reached 1008 billion yuan, marking a 14.4% year-over-year increase. This significant growth underscores the rising demand for financial services facilitated by JiaYin Technology. In the fourth quarter alone, loan facilitation transactions amounted to 277 billion yuan, reflecting a 37.8% year-over-year increase. The corresponding revenue from these transactions was approximately 11 billion yuan, up by 46.3% compared to the same period last year.

JiaYin Technology's financial performance for 2024 is a result of its strategic initiatives and market adaptability. The company has focused on prudent operations, enhancing operational efficiency, and expanding its product offerings to meet the diverse credit needs of its clients. This approach has enabled JiaYin Technology to achieve steady and healthy business growth.

In response to the growing demand from new client segments and the increasing need for credit, JiaYin Technology has maintained a cautious risk management strategy. The company continuously monitors risk data changes and integrates new external data sources with in-depth analysis of borrower behavior data. This approach allows JiaYin Technology to iteratively upgrade its risk management models, providing users with more flexible transaction strategies.

The company's risk management efforts have yielded positive results, with the delinquency rate for loans between 61 to 90 days decreasing to 0.53% in the fourth quarter, a significant improvement from the previous year. Additionally, JiaYin Technology's AI-powered in-house risk management platform has established a comprehensive digital anti-fraud defense system. Throughout the year, the platform identified and intercepted over 540,000 high-risk fraudulent applications and blocked 468,000 malicious attacks from black market entities, contributing to a fully digital, collaborative risk management network.

Looking ahead, JiaYin Technology is committed to enhancing shareholder returns. Starting from 2025, the company plans to announce and distribute cash dividends once per fiscal year. The total dividend amount will increase from at least 15% of the previous year's after-tax net profit to approximately 30% of the previous year's after-tax net profit. This initiative aims to share the long-term benefits of the company's high-quality development with its shareholders.