SHANGHAI, China, June 11, 2019 (GLOBE NEWSWIRE) – Jiayin Group Inc. (“Jiayin” or “Company”) (NASDAQ: JFIN), the leading online single financial market in China, immediately announced unaudited financing on March 31. Quarterly Results for 2019
- Loan Beginning Volume1 was RMB6 533 million, representing a 8.2 % decline over the corresponding period in 2018 and a lower of 1.zero % in a row
- Funding transactions2 have been RMB7,665 million, which is 2 , 5 per cent decrease than in the corresponding period 2018, and progress of 1.6 per cent in a row
- The typical amount of funding per investor was RMB66,348, which represents an increase of 37.7% over the corresponding interval in 2018
- The typical mortgage amount to the borrower was RMB7, 225, an increase of 10.three% compared to the similar interval in 2018
- Internet revenue have been EUR RMB731.3 million. , which suggests a decrease of 25.6 % from the similar p in 2018 and an increase of 3.zero %
- Working profit was RMB 294.7 million, 9.5 % decrease than in the similar interval in 2018, and a rise of 73.2 % in a row
]. 19659004] Internet revenue was RMB254.2 million, which is 10.2 % lower than in the similar period in 2018 and an increase of 56.7 % in a row
. Yan Dinggui, Founder, Director and CEO, commented: “We are happy to report our strong performance in the first quarter as a public company. Net sales grew by 3.0% in a row, as our industry stabilized in regulatory uncertainty and continued to perform well. Our result of profitable operations helped us to complete the public offer that will begin in May, a milestone for our company. IPO, combined with our profitable operations and improved risk management capabilities, will create more confidence in the Jiayin Group, both among investors and borrowers. ”
Internet gross sales amounted to RMB731.3 million (109.0 million 25.6% in comparison with the earlier yr, primarily as a result of lower lending volume and incentives provided to buyers in the first quarter of 2019
Turnover of mortgage aid providers It was RMB595.four million ($ 88.7 million), up 21.6% on the earlier yr, primarily because of decrease lending volumes and elevated incentives for buyers in the first quarter of 2019.
Revenue from post-sales providers was RMB73.four EUR 19.9 million (USD 10.9 million), up 27.8% on the previous yr, primarily as a consequence of a rise in the quantity of loans incurred in earlier durations
Preliminary and repair prices have been RMB118.4 million ($ 17.6 million), which suggests a rise of 39.6% over the previous yr , primarily resulting from increased value of credit standing and credit score collection
Receipt of receivables and contract belongings of RMB43.eight million ($ 6.5 million), 57.8 % from the previous yr, primarily on account of elevated efforts on credit standing and danger management, which elevated the company's capacity to gather
Sales and advertising costs have been RMB171.four million (US $ 25.5 million). decrease of 29.1% in comparison with the previous yr, primarily resulting from lower value of new clients
Basic and administrative bills have been RMB49.three million ($ 7.3 million), or 98.zero% greater than a yr earlier. compared to the October 2018 choices.
Research and improvement prices totaled RMB53.7 million ($ eight.zero million), which represents a rise of four. 1.2% compared to the earlier yr, when the firm continued to spend money on the improvement of new services
Operating revenue was RMB294.7 million. EUR (43.9 million), which was 9.5% lower than a yr earlier.
The web revenue attributable to shareholders of the Jiayin Group was RMB254.2 million ($ 37.9 million), in comparison with RMN283.1 million for the corresponding period in 2018.
Cash and money equivalents at the finish of the quarter amounted to RMB143.2 million ($ 21.three million) in comparison with RMB 41.4 million at the starting of the quarter
1 “loan start volume” refers to the complete market loans granted to the firm for a certain interval of time
2 & # 39; investment & # 39; refers to the amount of direct capital invested by buyers over a given period of time, which buyers make immediately as the firm's marketplace during that interval. Calculating the amount of the investor's funding by way of the investor's automated investment program doesn’t consider the automated relocations offered by automated investment packages
Unique public supply
14. Might 2019 The corporate closed the sale of the unique 3,500,000 American Depositary Shares (“ADS”) and 525,000 ADS at a public worth of $ 10.50, following ADS. purchase more ADS info. Every ADS represents 4 class A peculiar shares.
Jiayin raised a complete of about $ 34.9 million of internet revenue from its unique public supply after the insurers absolutely exploited their means to buy different ADS providers and deducted subscription commitments.
The company organizes a conference call to discuss its financial results on Tuesday, June 11, at eight:00 am US Japanese Time / eight:00 PM Chinese language Commonplace Time
|Calling Calls are as follows:|
|China:||+86 4006208038||or +86 8008190121|
|Hong Kong||+852 3018-6771|
|United States, New York||+1 (845) 675-0437|
If you need to hitch, name 10 minutes before the call is scheduled to start out and enter the password 1498068.
The convention call could be repeated by phone with the following numbers until 19 June 2019. If you need to make use of the play, learn Conference ID 1498068.
A reside and archived webcast of a conference name is on the market on the firm's Investor Relations web site at [19459021
About Jiayin Group Inc.
Jiayin Group Inc. is a number one on-line single financial marketplace in China Dedicated to facilitating environment friendly, transparent, safe and fast connections between buyers and debtors, whose needs are beneath the management of conventional financial establishments. The company's enterprise origins may be traced back to 2011. The corporate has a very safe and open forum with a comprehensive danger administration system and a dedicated and efficient danger assessment model that uses superior large-scale knowledge analytics and superior algorithms to accurately assess the danger profiles of potential borrowers
Change fee info
translations of certain RMB amounts to US dollars ("US $") at sure costs only for the comfort of the reader. Until otherwise said, all translations from RMB to US Dollars can be made between RMB6.7112 and $ 1.00 in Federal Reserve System Board H.10 Release 29.3. , 2019. The corporate doesn’t claim that the RMB or US $ quantities could possibly be transformed into US dollars or RMB on any case or in any respect.
Protected Harbor / Ahead-Wanting Statements
This announcement accommodates forward-looking statements. These statements shall be made in accordance with the provisions of the 1995 United States Personal Safety Settlement Act (Protected Harbor). These forward-looking statements may be recognized by terminology similar to "will", "wait", "anticipate", "future," "time", "plans", "believe", "estimates" and comparable statements. The corporate can also make written or oral prospects in its statements to the SEC, in its annual report to shareholders, in press releases and different written material, and in oral statements made by its officials, executives or staff to 3rd events. Statements that are not historic information, together with statements about the firm's beliefs and expectations, are forward-looking statements. The forward-looking statements embrace inherent dangers and uncertainties, and are based mostly on current expectations, assumptions, estimates, and forecasts for the firm and business. Attainable dangers and uncertainties embrace these related to the firm's capacity to retain present buyers and borrowers and to attract new and efficient buyers in an economical method, the firm's capacity to increase the quantity of investments and the availability of loans by way of its market, the firm's credit rating mannequin and the effectiveness of its danger management system, The statutory laws of the Individuals's Republic of China, the common financial circumstances of China, the common financial circumstances of China and the capacity of the firm to satisfy the required standards preserve the listing of its ADS listings on the NASDAQ inventory market or other inventory exchanges, including its capability to right non-compliance with the steady itemizing criteria of the Nasdaq Stock Trade. All info contained in this press release is from this present day on, and the Firm isn’t obliged to replace its forward-looking statements to mirror future events or circumstances or modifications to its expectations, except as required by regulation. Although the Company believes that the expectations expressed in these forward-looking statements are affordable, it can’t assure you that its expectations will prove to be right and buyers might be warned that precise results might differ materially from the expected results. Further details about the Company's dangers and uncertainties is included in the firm's securities in the US Securities and Markets Commission, including its registration type on Type F-1, which was submitted in connection with its initial public supply
. contact info:
. Shelley Bai
Ms. Susie Wang
In the United States:
Ms. Julia Qian
|Abnormal shares (nominal value of $ zero.000000005; 10,000,000,000,000 approved shares, 200,000,000 shares as of December 31, 2013 and March 31, 2014 issued and issued) issued shares)||zero||zero||zero|
|Capital at Further Fees  395,472||442 090||65 873|
|Amassed deficit||(2,047,478)||(1 793 262)||(1,793,262)||ORDER OF SHAREHOLDERS||(1,652,006)||(1,351,172)||(201,331)|
| 19659291] 801,879||805,217||tJIAYIN GROUP INC. ended|
|31. March 2018||31. March 1919|
|Internet Revenue||983 256||19659116]||108,972|
|Operating costs and prices:|
|Starting and Upkeep||(84,831||)||(118,434||)||(17,647||)|
|Unsuccessful accounts receivable and contract belongings||(103,793||)|| 19659330]||(6,526||)|
|Asset and Liabilities from Investor Insurance||(164,373||)||–||–||–||–||9116]||–|
|Gross sales and Advertising||(241,690||) ]||(171,434||)||] Basic and Administrative||(24,889||)||(49,290||)||(7,344||)|
|Research and Improvement   ]||(53,722||)||(8,005||)|
|Complete Working Expenses||(657,628 )  436 674||(65 066||)|
| 19659257 ]||294,657||43,906|
|Interest Bills 19||392||||] (72||)|
|Other Revenue Internet||7, 986||three,519||524|
|Revenue Before Tax||334.006||||44 358|
|Revenue Taxes||(50 869||)||(43 479||)|| ]|
|Different Excessive Performance Gadgets From Zero Tax||||–||–|
|Calculating Internet Revenue per Share:|
|– alkaline and diluted||200,000,000||200,000,000||] 200,000,000|
|Weighted Common of ADSs used for Internet Revenue Calculation per ADS|
|– Primary and diluted||50,000,000||50,000,000||50,000,000||50,000,000|
|– Primary and Diluted||1.42||1. 27||zero.19|
|– primary and diluted||5.66||5.08||zero.76||zero.76||zero.76||]|
three The company has permitted ASU No. 2016-02, "Leases “From January 1, 2019, it selected to use a modified retrospective strategy that permits the company to apply the new lease commonplace at the date of adoption and document the cumulative effect on the opening stability of the 2019 retained earnings, without any adjustment for earlier durations. There was no cumulative impact on the opening stability of retained earnings. The introduction of the new tips had no material influence on the firm's operations, financial place or liquidity
4As on March 31, 2016, when the company was in its early levels and ADS was not in use at the moment. Assuming that each one remaining strange shares are ADS shares. Each ADS represents 4 atypical shares.