Jiayin Group Inc. (NASDAQ: JFIN) saw its stock price surge 11.18% in pre-market trading on Wednesday following the release of its impressive first-quarter 2025 financial results. The Chinese fintech platform demonstrated robust growth across key metrics, signaling strong momentum in its business operations.
The company reported a significant 58.2% year-over-year increase in loan facilitation volume, reaching RMB35.6 billion (US$4.9 billion) for Q1 2025. Net revenue climbed 20.4% to RMB1,775.6 million (US$244.7 million), driven primarily by a 77.9% jump in revenue from loan facilitation services. Most notably, Jiayin Group's net income skyrocketed by 97.5% to RMB539.5 million (US$74.3 million), compared to RMB273.1 million in the same period last year.
Investors were particularly encouraged by the company's positive outlook. Jiayin Group expects its loan facilitation volume for the full year 2025 to be in the range of RMB137 billion to RMB142 billion, with Q2 2025 projected to be between RMB37 billion and RMB39 billion. This guidance suggests continued strong growth throughout the year. Additionally, the company's board approved an extension of its share repurchase plan until June 2026, potentially providing further support for the stock price.
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