Jiayin Group Inc. (NASDAQ: JFIN) saw its stock price surge 5.79% in pre-market trading on Thursday following the release of its fourth quarter and fiscal year 2024 unaudited financial results. The company reported solid growth in loan facilitation volume and revenue, along with strategic moves to enhance shareholder value and expand its operations.

For the fourth quarter of 2024, Jiayin Group reported a loan facilitation volume of RMB27.7 billion (US$3.8 billion), representing a significant increase of 37.8% from the same period in 2023. Although net revenue decreased by 12.2% year-over-year to RMB1,404.5 million (US$192.4 million), the company's income from operations saw a substantial rise to RMB392.6 million (US$53.8 million), compared with RMB232.0 million in the same period of 2023.

The full-year results for 2024 showed positive trends, with net revenue growing 6.1% to RMB5,801.0 million (US$794.7 million). The company's loan facilitation volume for the entire year reached RMB100.8 billion (US$13.8 billion), marking a 14.4% increase from 2023. These figures demonstrate Jiayin Group's ability to expand its business despite challenging market conditions.

Investors were also likely encouraged by the company's announcement of an adjusted dividend policy. The Board of Directors approved a further adjustment to increase the annual dividend amount to around 30% of the net income after tax from the previous fiscal year, up from the earlier 15% rate. This move signals confidence in the company's financial health and commitment to returning value to shareholders.

Additionally, Jiayin Group provided an update on its share repurchase plan, revealing that it had repurchased approximately 3.8 million of its ADSs for about US$16.8 million as of March 27, 2025. The company also completed the purchase of a commercial property in Shanghai, which will serve as its new headquarters, indicating plans for continued growth and expansion.

With these positive developments and the company's focus on leveraging artificial intelligence technology across various aspects of its business, Jiayin Group appears well-positioned for future growth. The pre-market stock surge reflects investor optimism about the company's performance and strategic initiatives.