Jiayin Group Inc. reported sharply lower fourth-quarter results as China’s online consumer finance provider grappled with deteriorating asset quality and a contracting loan book. The company posted net income of ¥100.6M for the three months ended December, translating to earnings of ¥0.49 per share, down 62.3% from ¥1.30 per share in the year-ago period.
Revenue totaled ¥1.09B for the quarter, a 22.4% decline from the ¥1.40B recorded in Q4 2024. The revenue drop reflected sustained pressure across the company’s loan facilitation business, which generated ¥24B in loan facilitation volume during the quarter. Asset quality challenges weighed on performance as the company reported a 90-day-plus delinquency ratio of 2 at quarter end, a key metric for assessing credit risk in the consumer lending sector.
The Beijing-based fintech company operates online platforms that connect individual borrowers with institutional funding partners in China’s tightly regulated consumer credit market. The year-over-year declines come as Chinese authorities continue implementing stricter oversight of digital lending practices and consumer protection standards.
Despite the challenging quarterly performance, Wall Street maintains a generally positive stance on the stock, with analyst consensus showing 4 buy ratings, 1 hold rating, and 0 sell ratings.
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