We continued to accelerate our high-quality growth strategy by focusing on our loan facilitation business, expanding institutional partnerships, and improving credit performance. These initiatives position us well for long-term growth. At the same time, we advanced the application of AI-driven tools across our core business and continue to work on expanding technological capabilities that drive essential value. Looking ahead, we remain committed to our strategic path forward and are confident in our ability to sustain improvements and growth throughout 2025.”

First Quarter 2025 Financial Results

Net revenue was RMB1,775.6 million (US$244.7 million), representing an increase of 20.4% from the same period of 2024.

Revenue from loan facilitation services was RMB1,478.6 million (US$203.8 million), representing an increase of 77.9% from the same period of 2024. The increase was primarily due to the increased volume facilitated by the Company.

Revenue from releasing of guarantee liabilities was RMB170.6 million (US$23.5 million), compared to RMB524.5 million in the same period of 2024. The year-over-year decrease was primarily due to the decrease in average outstanding loan balances for which the Company provided guarantee services.

Other revenue was RMB126.4 million (US$17.4 million), compared with RMB119.8 million in the same period of 2024.

Facilitation and servicing expense was RMB336.0 million (US$46.3 million), representing a decrease of 49.6% from the same period of 2024. This was primarily due to decreased expenses related to financial guarantee services.

Allowance for uncollectible assets, loans receivable and others was RMB17.5 million (US$2.4 million), compared with RMB2.6 million in the first quarter of 2024, primarily due to the additional oversea guarantees the Company provided in the first quarter of 2025.

Sales and marketing expense was RMB674.5 million (US$92.9 million), representing an increase of 87.5% from the same period of 2024, primarily due to an increase in borrower acquisition expenses.

General and administrative expense was RMB52.8 million (US$7.3 million), representing an increase of 14.2% from the same period of 2024, primarily due to increased professional service fees.

Research and development expense was RMB88.1 million (US$12.1 million), compared with RMB83.3 million in the same period of 2024.

Income from operations was RMB606.6 million (US$83.6 million), representing an increase of 91.7% from the same period of 2024.

Non-GAAP income from operation was RMB606.6 million (US$83.6 million), compared with RMB316.6 million in the same period of 2024.

Net income was RMB539.5 million (US$74.3 million), representing an increase of 97.5% from RMB273.1 million in the same period of 2024.

Basic and diluted net income per share was RMB2.53 (US$0.35), compared to RMB1.29 in the first quarter of 2024.

Basic and diluted net income per ADS was RMB10.12 (US$1.40), compared to RMB5.16 in the first quarter of 2024. Each ADS represents four Class A ordinary shares of the Company.

Cash and cash equivalents were RMB190.3 million (US$26.2 million) as of March 31, 2025, compared with RMB540.5 million as of December 31, 2024.

The following chart and table display the historical cumulative M3+ Delinquency Rate by Vintage for loan products facilitated through the Company’s platform in Mainland China.

Business Outlook

The Company expects its loan facilitation volume for the full year of 2025 to be in the range of RMB137 billion to RMB142 billion and its loan facilitation volume for the second quarter of 2025 to be in the range of RMB37 billion to RMB39 billion. The Company expects its non-GAAP income from operation for the second quarter of 2025 to be in the range of RMB0.66 billion to RMB0.73 billion. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Recent Development

Dividend Policy

On May 20, 2025, the Board of Directors of the Company (the “Board”) approved the declaration and payment of cash dividends of US$0.20 per ordinary share, or US$0.80 per American depositary share in the fiscal year 2025. The remaining details of such cash dividends, including the record date and dividend payment date, are subject to the Board’s further determination.

Share Repurchase Plan Update

On June 4, 2025, the Board approved to extend the share repurchase plan for another period of 12 months, commencing on June 13, 2025 and ending on June 12, 2026. Pursuant to the extended share repurchase plan, the Company may repurchase its ordinary shares through June 12, 2026 with an aggregate value not exceeding the remaining balance under the share repurchase plan. As of June 4, 2025, the Company had repurchased approximately 3.8 million of its American depositary shares for approximately US$16.8 million, and the remaining balance under the share repurchase plan was US$13.2 million.

Conference Call

The Company will conduct a conference call to discuss its financial results on Wednesday, June 4, 2025 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day).

To join the conference call, all participants must use the following link to complete the online registration process in advance. Upon registering, each participant will receive access details for this event including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call.

Participant Online Registration:

https://register-conf.media-server.com/register/BI03ab51eb90b746e69997275b560e8c7f
A live and archived webcast of the conference call will be available on the Company’s investors relations website at http://ir.jiayintech.cn/.

About Jiayin Group Inc.

Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between underserved individual borrowers and financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers. For more information, please visit https://ir.jiayintech.cn/.

Use of Non-GAAP Financial Measure

We use non-GAAP income from operation, which is a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that the non-GAAP financial measure helps identify underlying trends in our business by excluding the impact of share-based compensation expenses. We believe that non-GAAP financial measure provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP income from operation represents income from operation excluding share-based compensation expenses. Such adjustment has no impact on income tax.

Non-GAAP income from operation is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for income from operation, net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on this non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at a specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2025. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Safe Harbor / Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to the Company’s ability to retain existing investors and borrowers and attract new investors and borrowers in an effective and cost-efficient way, the Company’s ability to increase the investment volume and loan facilitation of loans volume facilitated through its marketplace, effectiveness of the Company’s credit assessment model and risk management system, PRC laws and regulations relating to the online individual finance industry in China, and general economic conditions in China. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.

For investor and media inquiries, please contact:

Jiayin Group

Ms. Emily Lu
Email: [email protected]

A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef2fd13b-9401-4da1-8ea9-6b42a1cf5267