Jiayin Group Inc 6-K, filed Nov 22, 2023

Jiayin Group Inc. (JFIN)

6-K 2023-11-22 For: 2023-11-22

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Added on April 06, 2026

About this 6-K

Jiayin Group Inc filed this 6-K on November 22, 2023.

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Exhibit No.		Description

Exhibit 99.1		Press Release: Jiayin Group Inc. Reports Third 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


	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%	—	—	—
2022Q4	0.71%	1.62%	2.47%	3.27%	3.94%	4.49%	—	—	—	—	—	—
2023Q1	0.68%	1.50%	2.32%	—	—	—	—	—	—	—	—	—


	As of December 31,			As of September 30,
	2022			2023
	RMB			RMB			US$
ASSETS
Cash and cash equivalents		291,018			180,274			24,709
Restricted cash		2,023			2,023			277
Amounts due from related parties		17,750			508			70
Accounts receivable and contract assets, net		1,732,218			2,103,613			288,324
Financial assets receivables		292,342			1,134,364			155,478
Loan receivables, net		3,151			3,150			432
Prepaid expenses and other current assets3		472,830			1,419,507			194,557
Deferred tax assets, net		70,778			71,482			9,797
Property and equipment, net		18,900			30,101			4,126
Right-of-use assets		27,604			54,529			7,474
Long-term investment		90,497			93,759			12,851
Other non-current assets		1,759			2,252			309
TOTAL ASSETS		3,020,870			5,095,562			698,404
LIABILITIES AND EQUITY
Deferred guarantee income		276,518			1,113,320			152,593
Payroll and welfare payable		81,558			77,025			10,557
Amounts due to related parties		566			8,912			1,221
Tax payables		632,825			820,124			112,407
Accrued expenses and other current liabilities4		572,135			969,374			132,862
Deferred tax liabilities		-			2,036			279
Other payable related to the disposal of Shanghai Caiyin		188,300			4,464			612
Lease liabilities		27,465			53,223			7,295
TOTAL LIABILITIES		1,779,367			3,048,478			417,826
SHAREHOLDERS' EQUITY
Class A ordinary shares (US$ 0.000000005 par value; 108,100,000 shares issued as of December 31, 2022 and September 30, 2023; 105,727,404 and 106,740,208 shares outstanding as of December 31, 2022 and September 30, 2023)5		—			—			—
Class B ordinary shares (US$ 0.000000005 par value; 108,000,000 shares issued and outstanding as of December 31, 2022 and September 30, 2023)5		—			—			—
Additional paid-in capital		870,562			900,594			123,437
Treasury stock (2,372,596 and 1,359,792 shares as of December 31, 2022 and September 30, 2023, respectively)		(9,262	)		(14,995	)		(2,055	)
Retained earnings		384,896			1,158,079			158,728
Accumulated other comprehensive (loss)/income		(3,112	)		4,991			687
Total Jiayin Group Inc. shareholder's equity		1,243,084			2,048,669			280,797
Non-controlling interests		(1,581	)		(1,585	)		(219	)
TOTAL SHAREHOLDERS' EQUITY		1,241,503			2,047,084			280,578
TOTAL LIABILITIES AND EQUITY		3,020,870			5,095,562			698,404


	For the Three Months Ended September 30,									For the Nine Months Ended September 30,
	2022			2023						2022			2023
	RMB			RMB			US$			RMB			RMB			US$
Net revenue (including revenue from related parties of RMB620, nil for 2022Q3 and 2023Q3, respectively)		894,295			1,466,344			200,979			2,217,022			3,866,330			529,925
Operating costs and expenses:
Origination and servicing		(148,444	)		(544,251	)		(74,596	)		(370,129	)		(1,174,305	)		(160,952	)
Allowance for uncollectible receivables, contract assets, loans receivable and others		(5,918	)		(8,491	)		(1,164	)		(16,980	)		(29,011	)		(3,976	)
Sales and marketing		(323,592	)		(407,940	)		(55,912	)		(707,411	)		(1,209,461	)		(165,771	)
General and administrative		(51,408	)		(53,209	)		(7,293	)		(134,719	)		(149,673	)		(20,514	)
Research and development		(56,357	)		(70,532	)		(9,667	)		(152,252	)		(203,400	)		(27,878	)
Total operating costs and expenses		(585,719	)		(1,084,423	)		(148,632	)		(1,381,491	)		(2,765,850	)		(379,091	)
Income from operation		308,576			381,921			52,347			835,531			1,100,480			150,834
Interest income, net		610			2,957			405			1,226			4,940			677
Other income, net		13,738			2,567			352			7,122			13,579			1,861
Income before income taxes and income from investment in affiliates		322,924			387,445			53,104			843,879			1,118,999			153,372
Income tax expense		(77,679	)		(61,806	)		(8,471	)		(205,393	)		(185,055	)		(25,364	)
Income (loss) from investment in affiliates		2,821			(1,738	)		(238	)		8,048			(4,002	)		(549	)
Net income		248,066			323,901			44,395			646,534			929,942			127,459
Less: net (loss) income attributable to Non-controlling interest shareholders		(74	)		108			15			(187	)		85			12
Net income attributable to Jiayin Group Inc.		248,140			323,793			44,380			646,721			929,857			127,447
Weighted average shares used in calculating net income per share:
- Basic and diluted		215,096,072			214,740,208			214,740,208			215,755,078			214,168,317			214,168,317
Net income per share:
- Basic and diluted		1.15			1.51			0.21			3.00			4.34			0.60
Net income per ADS:
- Basic and diluted		4.60			6.03			0.83			12.00			17.37			2.38
Net income		248,066			323,901			44,395			646,534			929,942			127,459
Other comprehensive income, net of tax of nil:
Foreign currency translation adjustments		9,888			2,044			280			18,983			8,014			1,098
Comprehensive income		257,954			325,945			44,675			665,517			937,956			128,557
Comprehensive (Loss) Income attributable to non-controlling interest		(162	)		147			20			(341	)		(4	)		(1	)
Total comprehensive income attributable to Jiayin Group Inc.		258,116			325,798			44,655			665,858			937,960			128,558


Form 20-F ☒		Form 40-F ☐