Jiayin Group (JFIN) investor relations material

Executive summary

• Transaction volume for Q1 2026 was RMB 19.3 billion, down 45.8% year-over-year due to industry contraction and regulatory changes.

• Net revenue was RMB 756.7 million, a 57.4% decrease year-over-year, with a net loss of RMB 61.7 million compared to RMB 539.5 million net income in Q1 2025.

• Operational focus included stricter credit standards, technology investment, and risk management enhancements.

• Repeat borrowing contributed 76.3% of transaction volume, up 4.4 percentage points year-over-year.

Financial highlights

• Revenue from loan facilitation services dropped 68.9% year-over-year to RMB 460.1 million, mainly due to lower transaction volume and service fee adjustments.

• Facilitation and servicing expense was RMB 331.6 million, down 1.3% year-over-year.

• Sales and marketing expense was RMB 340.1 million, down 49.6% year-over-year.

• R&D expense increased 24.6% to RMB 109.8 million, driven by technology infrastructure and employee costs.

• Ended the quarter with RMB 43.4 million in cash and cash equivalents, down from RMB 61.8 million sequentially.

Outlook and guidance

• Q2 2026 transaction volume expected between RMB 9.5 billion and RMB 10.5 billion, reflecting a strategic focus on asset quality and operational resilience.

• Emphasis on disciplined operations, sustainable development, and building organizational resilience.