Jiayin Group Inc. Reports Second Quarter 2025 Unaudited Financial Results

-- Second Quarter Total Loan Facilitation Volume Grew 54.6% to RMB37.1 billion ---- Second Quarter Net Revenue Grew 27.8% to RMB1,886.2 million -- SHANGHAI, China, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Operational and Financial Highlights: Loan facilitation volume1 was RMB37.1 billion (US$5.2 billion), representing an increase of 54.6% from the same period of 2024. Average borrowing amount per borrowing was RMB8,130 (US$1,135), representing a decrease of 10.5% from the same period of 2024. Repeat borrower contribution2 of total loan facilitation volume was 75.6%, compared with 73.4% in the same period of 2024. 90 day+ delinquency ratio3 was 1.12% as of June 30, 2025. Net revenue was RMB1,886.2 million (US$263.3 million), representing an increase of 27.8% from the same period of 2024. Income from operation was RMB639.1 million (US$89.2 million), representing an increase of 181.4% from the same period of 2024. Non-GAAP4 income from operation was RMB737.6 million (US$103.0 million), compared with RMB261.6 million in the same period of 2024. Net income was RMB519.1 million (US$72.5 million), representing an increase of 117.8% from RMB238.3 million in the same period of 2024. _____________________________1 “Loan facilitation volume” refers the loan volume facilitated in Mainland China during the period presented.2 “Repeat borrower contribution” for a given period refers to the percentage of loan facilitation volume in Mainland China attributable to repeat borrowers during that period.“Repeat borrowers” during a certain period refers to borrowers who have borrowed in such period and have borrowed at least twice since such borrowers’ registration on our platform until the end of such period.3 “90 day+ delinquency ratio” refers to the outstanding principal balance of loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of loans facilitated through the Company’s platform as of a specific date. Loans facilitated outside Mainland China are not included in the calculation.4Please see the section entitled “Use of Non-GAAP Financial Measure” below and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release. Mr. Yan Dinggui, the Company’s Founder, Director, and Chief Executive Officer, commented: “In the second quarter, loan facilitation volume amounted to RMB37.1 billion, marking a new quarterly record since the Company’s listing. Non-GAAP income from operation totaled RMB737.6 million, demonstrating the resilience and adaptability of our core business model amid macroeconomic uncertainty. Leveraging our AI-powered fintech capabilities, we have achieved greater cost efficiency and enhanced risk management, reinforcing our ability to consistently deliver strong performance and create value for shareholders. Over the long term, as we systematically cultivate our AI capabilities, we will maintain a strong focus on robust risk management and controls. This dual focus will drive operational excellence and enable us to build sustainable competitive advantages in our core domains.” Second Quarter 2025 Financial Results Net revenue was RMB1,886.2 million (US$263.3 million), representing an increase of 27.8% from the same period of 2024. Revenue from loan facilitation services was RMB1,609.4 million (US$224.7 million), representing an increase of 69.2% 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 RMB126.4 million (US$17.6 million), compared to RMB424.8 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 RMB150.4 million (US$21.0 million), representing an increase of 49.8% from the same period of 2024. This increase was primarily due to the increase in the contribution from referral fees. Facilitation and servicing expense was RMB285.1 million (US$39.8 million), representing a decrease of 53.1% 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 RMB32.5 million (US$4.5 million), compared with RMB3.3 million reversal in the second quarter of 2024, primarily due to the additional cap of oversea guarantees which the Company provided for loan facilitation business conducted by the Company’s investee in the second quarter of 2025. Sales and marketing expense was RMB710.5 million (US$99.2 million), representing an increase of 46.0% from the same period of 2024, primarily due to an increase in borrower acquisition expenses and commission expenses. General and administrative expense was RMB110.5 million (US$15.4 million), representing an increase of 70.0% from the same period of 2024, primarily driven by an increase in payroll expenses and share-based compensation. Research and development expense was RMB108.4 million (US$15.1 million), representing an increase of 16.8% from the same period of 2024, primarily due to higher share-based compensation as well as increased professional service fees. Income from operation was RMB639.1 million (US$89.2 million), representing an increase of 181.4% from the same period of 2024. Non-GAAP income from operation was RMB737.6 million (US$103.0 million), compared with RMB261.6 million in the same period of 2024. Net income was RMB519.1 million (US$72.5 million), representing an increase of 117.8% from RMB238.3 million in the same period of 2024. Basic and diluted net income per share was RMB2.46 (US$0.34), compared to RMB1.12 in the second quarter of 2024. Basic and diluted net income per ADS was RMB9.84 (US$1.36), compared to RMB4.48 in the second quarter of 2024. Each ADS represents four Class A ordinary shares of the Company. Cash and cash equivalents were RMB316.2 million (US$44.1 million) as of June 30, 2025, compared with RMB190.3 million as of March 31, 2025. 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 RMB137.0 billion to RMB142.0 billion and its loan facilitation volume for the third quarter of 2025 to be in the range of RMB32.0 billion to RMB34.0 billion. The Company expects its non-GAAP income from operation for the third quarter of 2025 to be in the range of RMB0.49 billion to RMB0.56 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 Payment On May 20, 2025, the Company’s Board of Directors (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. On July 3, 2025, the Company announced the record date and payment date of the cash dividends. The aggregate amount of cash distributed was approximately US$41.1 million, representing 28% of the net income after tax of the Company in fiscal year 2024. Share Repurchase Plan Update In August 2025, the Board approved an adjustment to the existing share repurchase plan, pursuant to which the aggregate value of ordinary shares authorized for repurchase under the plan through June 12, 2026 shall not exceed US$80 million. As of August 20, 2025, the Company had repurchased approximately 4.6 million of its ADSs for approximately US$30.4 million. Environmental, Social and Governance (ESG) On August 7, 2025, the Company published its 2024 ESG report, marking its fourth annual ESG publication. The report underscores Jiayin’s steadfast commitment to corporate sustainability, ethical business practices, and transparent governance. In 2024, guided by sustainable development, Jiayin strengthened its foundation through governance optimization, redefined service boundaries through technological innovation, and united ecosystem synergy through shared responsibility. The Company advanced the fintech industry toward greater intelligence, security, and inclusiveness, generating long-term value for all stakeholders. The ESG report is prepared in accordance with the Global Reporting Initiative’s Sustainability Reporting Standards (GRI Standards), with reference to Nasdaq’s ESG Reporting Guide 2.0. To download the full report in English or Chinese, please visit the ESG section of the Company's investor relations website at: https://ir.jiayintech.cn/environmental-social-and-governance.Conference Call The Company will conduct a conference call to discuss its financial results on Wednesday, August 20, 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/BI539cce85faf148058b75f83514f0de6f 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 RMB7.1636 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2025. The Company makes no representation that the RMB or US$ 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, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Stock Market or other stock exchange, including its ability to cure any non-compliance with the continued listing criteria of the Nasdaq Stock Market. 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 LuEmail: ir@jiayinfintech.cn JIAYIN GROUP INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except for share and per share data) As ofDecember 31, As ofJune 30, 2024 2025 RMB RMB US$ ASSETS Cash and cash equivalents 540,523 316,243 44,146 Restricted cash 137,332 198,826 27,755 Accounts receivable and contract assets, net 2,991,166 4,109,457 573,658 Financial assets receivables, net 293,483 275,857 38,508 Prepaid expenses and other current assets, net 377,978 591,945 82,632 Deferred tax assets, net 72,405 94,005 13,123 Property and equipment, net 44,397 1,354,074 189,021 Right-of-use assets 52,759 43,756 6,108 Long-term investment, net 162,267 271,532 37,904 Other non-current assets 737,583 20,100 2,806 TOTAL ASSETS 5,409,893 7,275,795 1,015,661 LIABILITIES AND EQUITY Deferred guarantee income 229,503 231,286 32,286 Contingent guarantee liabilities 213,644 318,679 44,486 Payroll and welfare payable 144,065 113,223 15,805 Tax payables 687,034 957,659 133,684 Accrued expenses and other liabilities 956,356 1,719,743 240,066 Lease liabilities 51,677 43,376 6,055 TOTAL LIABILITIES 2,282,279 3,383,966 472,382 TOTAL SHAREHOLDERS' EQUITY 3,127,614 3,891,829 543,279 TOTAL LIABILITIES AND EQUITY 5,409,893 7,275,795 1,015,661 JIAYIN GROUP INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Amounts in thousands, except for share and per share data) For the Three Months EndedJune 30, For the Six Months EndedJune 30, 2024 2025 2024 2025 RMB RMB US$ RMB RMB US$ Net revenue 1,476,327 1,886,206 263,304 2,951,667 3,661,782 511,165 Operating costs and expenses: Facilitation and servicing (608,158) (285,084) (39,796) (1,275,132) (621,095) (86,702)Reversal of/ (Allowance for) uncollectible receivables, contract assets, loans receivable and others 3,262 (32,537) (4,542) 645 (50,078) (6,991)Sales and marketing (486,553) (710,532) (99,186) (846,371) (1,385,026) (193,342)General and administrative (64,996) (110,515) (15,427) (111,211) (163,310) (22,797)Research and development (92,819) (108,436) (15,137) (176,089) (196,524) (27,434)Total operating costs and expenses (1,249,264) (1,247,104) (174,088) (2,408,158) (2,416,033) (337,266)Income from operation 227,063 639,102 89,216 543,509 1,245,749 173,899 Interest income, net 4,318 1,285 179 6,234 5,460 762 Other income, net 65,637 2,793 390 66,224 55,182 7,703 Income before income taxes and loss from investment in affiliates 297,018 643,180 89,785 615,967 1,306,391 182,364 Income tax expense (58,750) (124,046) (17,316) (104,632) (247,775) (34,588)Net income 238,268 519,134 72,469 511,335 1,058,616 147,776 Less: net loss attributable to non-controlling interest (3) (2) 0 (6) (4) (1)Net income attributable to Jiayin Group Inc. 238,271 519,136 72,469 511,341 1,058,620 147,777 Weighted average shares used in calculating net income per share: - Basic and diluted 212,332,672 210,811,151 210,811,151 212,231,868 212,137,300 212,137,300 Net income per share: - Basic and diluted 1.12 2.46 0.34 2.41 4.99 0.70 Net income per ADS: - Basic and diluted 4.48 9.84 1.36 9.64 19.96 2.80 Net income 238,268 519,134 72,469 511,335 1,058,616 147,776 Other comprehensive income (loss), net of tax of nil: Foreign currency translation adjustments 257 1,565 218 (2,883) 782 109 Comprehensive income 238,525 520,699 72,687 508,452 1,059,398 147,885 Comprehensive income (loss) attributable to non-controlling interest 42 (15) (2) 56 31 4 Total comprehensive income attributable to Jiayin Group Inc. 238,483 520,714 72,689 508,396 1,059,367 147,881 JIAYIN GROUP INC. UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS(Amounts in thousands, except for share and per share data) For the Three Months EndedJune 30, For the Six Months EndedJune 30, 2024 2025 2024 2025 RMB RMB US$ RMB RMB US$ Reconciliation of Non-GAAP income from operation to Income from operation Income from operation: 227,063 639,102 89,216 543,509 1,245,749 173,899 Add: share-based compensation expenses 34,520 98,539 13,756 34,701 98,539 13,756 Non-GAAP income from operation 261,583 737,641 102,972 578,210 1,344,288 187,655 A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92affffa-a292-426b-9e71-ac28f1f889ce

Jiayin Group Inc. Reports Second Quarter 2025 Unaudited Financial Results

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