Jiayin Group Inc 6-K, filed Mar 28, 2024

Jiayin Group Inc. (JFIN)

6-K 2024-03-28 For: 2024-03-28

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Added on April 06, 2026

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Jiayin Group Inc filed this 6-K on March 28, 2024.

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Exhibit No.		Description

Exhibit 99.1		Press Release: Jiayin Group Inc. Reports Fourth Quarter 2023 Unaudited Financial Results


		Jiayin Group Inc.

		By:	/s/ Dinggui Yan
		Name:	Dinggui Yan
		Title:	Director and Chief Executive Officer


	Delinquent for
As of	1-30 days	31-60 days	61-90 days	91 -180 days	More than 180 days
	(%)
December 31, 2020	1.47	0.88	0.70	1.66	1.81
December 31, 2021	1.31	0.90	0.72	1.78	2.12
December 31, 2022	1.01	0.67	0.51	1.18	2.02
March 31, 2023	0.91	0.79	0.63	1.40	1.72
June 30, 2023	0.97	0.70	0.66	1.45	1.76
September 30, 2023	1.16	0.76	0.52	1.29	2.02
December 31, 2023	1.13	0.90	0.68	1.48	2.07


	Month on Book
Vintage	4th	5th	6th	7th	8th	9th	10th	11th	12th	13th	14th	15th
2020Q1	1.67%	3.43%	4.46%	5.36%	6.11%	6.67%	7.09%	7.38%	7.61%	7.76%	7.84%	7.85%
2020Q2	1.46%	2.37%	3.11%	3.68%	4.14%	4.52%	4.80%	5.08%	5.27%	5.42%	5.49%	5.51%
2020Q3	0.96%	1.70%	2.24%	2.77%	3.27%	3.73%	4.16%	4.47%	4.71%	4.87%	4.96%	4.98%
2020Q4	0.85%	1.74%	2.37%	3.00%	3.49%	3.89%	4.24%	4.50%	4.72%	4.87%	4.96%	4.99%
2021Q1	0.96%	1.83%	2.45%	3.04%	3.51%	3.95%	4.28%	4.56%	4.78%	4.93%	5.01%	5.03%
2021Q2	1.00%	1.90%	2.65%	3.30%	3.90%	4.35%	4.64%	4.89%	5.01%	5.10%	5.14%	5.15%
2021Q3	0.95%	1.86%	2.65%	3.31%	3.94%	4.33%	4.60%	4.79%	4.93%	5.02%	5.08%	5.10%
2021Q4	0.84%	1.78%	2.43%	2.97%	3.40%	3.77%	4.12%	4.39%	4.61%	4.76%	4.85%	4.88%
2022Q1	0.74%	1.54%	2.21%	2.77%	3.26%	3.69%	4.01%	4.28%	4.49%	4.63%	4.74%	4.78%
2022Q2	0.59%	1.30%	1.94%	2.56%	3.06%	3.46%	3.81%	4.13%	4.36%	4.53%	4.63%	4.68%
2022Q3	0.74%	1.56%	2.25%	2.92%	3.52%	4.05%	4.51%	4.85%	5.10%	5.26%	5.34%	5.36%
2022Q4	0.71%	1.62%	2.47%	3.27%	3.94%	4.49%	4.91%	5.22%	5.47%	—	—	—
2023Q1	0.68%	1.50%	2.32%	3.00%	3.61%	4.13%	—	—	—	—	—	—
2023Q2	0.63%	1.47%	2.35%	—	—	—	—	—	—	—	—	—


	As of December 31,		As of December 31,
	2022		2023
	RMB		RMB		US$
ASSETS
Cash and cash equivalents		291,018		370,193		52,141
Restricted cash		2,023		2,435		343
Accounts receivable and contract assets, net		1,732,218		2,103,545		296,278
Financial assets receivables, net		292,342		991,628		139,668
Prepaid expenses and other current assets		493,731		1,922,056		270,716
Deferred tax assets, net		70,778		61,174		8,616
Property and equipment, net		18,900		40,332		5,681
Right-of-use assets		27,604		49,659		6,994
Long-term investments		90,497		101,481		14,293
Other non-current assets		1,759		2,263		319
TOTAL ASSETS		3,020,870		5,644,766		795,049
LIABILITIES AND EQUITY
Deferred guarantee income		276,518		886,862		124,912
Contingent guarantee liabilities		-		933,947		131,544
Payroll and welfare payable		81,558		94,856		13,360
Tax payables		632,825		568,819		80,116
Accrued expenses and other current liabilities		572,701		731,863		103,081
Other payable related to the disposal of Shanghai Caiyin		188,300		-		-
Lease liabilities		27,465		47,958		6,755
TOTAL LIABILITIES		1,779,367		3,264,305		459,768

TOTAL SHAREHOLDERS' EQUITY		1,241,503		2,380,461		335,281
TOTAL LIABILITIES AND EQUITY		3,020,870		5,644,766		795,049


	For the Three Months Ended December 31,								For the Year Ended December 31,
	2022			2023					2022		2023
	RMB				RMB		US$		RMB		RMB			US$
Net revenue		1,054,392			1,600,543		225,432		3,271,414		5,466,873		769,993
Operating costs and expenses:
Facilitation and servicing		(195,098	)		(837,249	)	(117,924	)	(565,227	)	(2,011,553	)	(283,321		)
Allowance for uncollectible receivables, contract assets, loans receivable and others		(15,073	)		(43,753	)	(6,162	)	(32,053	)	(72,764	)	(10,249		)
Sales and marketing		(373,971	)		(329,453	)	(46,402	)	(1,081,382	)	(1,538,913	)	(216,751		)
General and administrative		(59,320	)		(65,182	)	(9,181	)	(194,039	)	(214,856	)	(30,262		)
Research and development		(64,442	)		(92,917	)	(13,087	)	(216,694	)	(296,317	)	(41,735		)
Total operating costs and expenses		(707,904	)		(1,368,554	)	(192,756	)	(2,089,395	)	(4,134,403	)	(582,318		)
Income from operation		346,488			231,989		32,676		1,182,019		1,332,470		187,675
Gain from de-recognition of other payable associated with disposal of Shanghai Caiyin		117,021			-		-		117,021		-		-
Gain from disposal of subsidiaries		-			278,219		39,186		-		278,219		39,186
Impairment of long-term investments		(15,078	)		(91,236	)	(12,850	)	(15,078	)	(91,236	)	(12,850		)
Interest income (expense), net		(943)			7,955		1,120		281		12,895		1,816
Other income, net		36,325			1,256		177		43,447		14,834		2,089
Income before income taxes and share of gain (loss) from equity method investments		483,813			428,183		60,309		1,327,690		1,547,182		217,916
Income tax benefit (expense)		49,994			(62,561	)	(8,812	)	(155,398	)	(247,616	)	(34,876		)
Share of gain (loss) from equity method investments		(109	)		2,012		283		7,940		(1,990	)	(280		)
Net income		533,698			367,634		51,780		1,180,232		1,297,576		182,760
Less: net income (loss) attributable to noncontrolling interest		761			(128	)	(18	)	574		(43	)	(6		)
Net income attributable to Jiayin Group Inc.		532,937			367,762		51,798		1,179,658		1,297,619		182,766
Weighted average shares used in calculating net income per share:
- Basic and diluted		213,789,483			213,462,066		213,462,066		215,259,640		213,996,233		213,996,233
Net income per share:
- Basic and diluted		2.49			1.72		0.24		5.48		6.06		0.85
Net income per ADS:
- Basic and diluted		9.97			6.88		0.96		21.92		24.24		3.40
Net income		533,698			367,634		51,780		1,180,232		1,297,576		182,760
Other comprehensive income, net of tax of nil:
Foreign currency translation adjustments		(4,181	)		(15,146	)	(2,133	)	14,802		(7,132	)	(1,005		)
Comprehensive income		529,517			352,488		49,647		1,195,034		1,290,444		181,755
Comprehensive Income (loss) attributable to noncontrolling interest		875			(94	)	(13	)	534		(98	)	(14		)
Total comprehensive income attributable to Jiayin Group Inc.		528,642			352,582		49,660		1,194,500		1,290,542		181,769


Form 20-F ☒		Form 40-F ☐