Jiayin Group (JFIN) Q1 2025 earnings summary

Executive summary

• Achieved record quarterly highs in business scale and profitability, with loan facilitation volume up 58.2% year-over-year to CNY 35.6 billion and net profit up 97.5% to CNY 540 million.

• Added 1.056 million new borrowers, up 126.6% year-over-year, with new borrowers contributing 28.1% of total loan volume.

• Expanded partnerships to 69 financial institutions, with 55 more in discussion, ensuring robust funding.

• Advanced digital transformation and AI integration, launching the Fuxi model management platform covering 90% of business lines.

• Overseas business saw significant growth, especially in Indonesia and Mexico, with improved risk metrics and operational capabilities.

Financial highlights

• Loan facilitation volume reached CNY 35.6 billion, up 58.2% year-over-year.

• Net revenue was CNY 1,775.6 million, up 24.4% year-over-year.

• Non-GAAP operating profit was CNY 607 million, up 91.6% year-over-year.

• Net profit surged to CNY 540 million, a 97.5% year-over-year increase; net profit margin reached 30.4%.

• Basic and diluted net income per share was CNY 2.53, up from CNY 1.29; per ADS was CNY 10.12, up from CNY 5.16.

Outlook and guidance

• Q2 2025 guidance: loan facilitation volume of CNY 37–39 billion and non-GAAP operating profit of CNY 660–730 million.

• Full-year 2025 loan facilitation volume expected between CNY 137–142 billion.

• Confident in achieving significant profitability improvements for full year 2025.