Jiayin Reports Q3 Loan Volume of RMB 32.2 Billion as Non-GAAP Operating Income Rises 50% Year Over Year

Overview

• The company facilitated RMB 32.2 billion in loans in the third quarter, an increase of about 20.6% from a year earlier.
• Non-GAAP income from operations reached RMB 190 million, up roughly 50.3% year over year, which management said met prior guidance.
• Jiayin maintained cooperation with 75 funding institutions during the quarter and is in discussions with 64 additional partners.
• Management said the firm has been added to most partners’ white lists, helping secure a stable funding supply.
• The CEO highlighted China’s 4.8% GDP growth in Q3, with consumption contributing 56.6%, and described consumer finance demand as steady.