Shares of Jiayin Group Inc. (NASDAQ: JFIN) are soaring 14.41% in Wednesday's trading session following the release of the company's impressive first-quarter 2025 financial results. The Chinese fintech platform demonstrated robust growth across key metrics, significantly outperforming market expectations.
Jiayin Group reported a staggering 97.5% increase in net income, reaching RMB539.5 million (US$74.3 million) compared to RMB273.1 million in the same period last year. Revenue also showed strong growth, rising 20.4% year-over-year to RMB1,775.6 million (US$244.7 million). This performance was primarily driven by a 58.2% increase in loan facilitation volume, which reached RMB35.6 billion (US$4.9 billion).
The company's stellar performance was accompanied by an optimistic 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. Additionally, the company's board approved an extension of its share repurchase plan until June 2026, signaling confidence in its future performance. These factors combined have likely contributed to the significant stock price surge, as investors react positively to the company's strong performance and future prospects.
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