Mr. Shawn Zhang
Email: ir@jiayinfintech.cn
JIAYIN GROUP INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except for share and per share
data)
As of As of
December 31, December 31,
-------------- ------------------
2022 2023
-------------- ------------------
RMB RMB US$
ASSETS
Cash and cash equivalents 291,018 370,193 52,141
Restricted cash 2,023 2,435 343
Accounts receivable and
contract assets, net 1,732,218 2,103,545 296,278
Financial assets
receivables, net 292,342 991,628 139,668
Prepaid expenses and
other current assets 493,731 1,922,056 270,716
Deferred tax assets, net 70,778 61,174 8,616
Property and equipment,
net 18,900 40,332 5,681
Right-of-use assets 27,604 49,659 6,994
Long-term investments 90,497 101,481 14,293
Other non-current assets 1,759 2,263 319
------------- --------- -------
TOTAL ASSETS 3,020,870 5,644,766 795,049
============= ========= =======
LIABILITIES AND EQUITY
Deferred guarantee income 276,518 886,862 124,912
Contingent guarantee
liabilities - 933,947 131,544
Payroll and welfare
payable 81,558 94,856 13,360
Tax payables 632,825 568,819 80,116
Accrued expenses and
other current
liabilities 572,701 731,863 103,081
Other payable related to
the disposal of Shanghai
Caiyin 188,300 - -
Lease liabilities 27,465 47,958 6,755
------------- --------- -------
TOTAL LIABILITIES 1,779,367 3,264,305 459,768
------------- --------- -------
TOTAL SHAREHOLDERS'
EQUITY 1,241,503 2,380,461 335,281
------------- --------- -------
TOTAL LIABILITIES AND EQUITY 3,020,870 5,644,766 795,049
============= ========= =======
JIAYIN GROUP INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME
(Amounts in thousands, except for share and per share
data)
For the Three Months Ended For the Year Ended
December 31, December 31,
---------------------------------------- ---------------------------------------
2022 2023 2022 2023
------------ ------------------------- ----------- -------------------------
RMB RMB US$ RMB RMB US$
Net revenue 1,054,392 1,600,543 225,432 3,271,414 5,466,873 769,993
----------- ----------- ----------- ----------- ----------- -----------
Operating costs
and expenses:
Facilitation and
servicing (195,098) (837,249) (117,924) (565,227) (2,011,553) (283,321)
Allowance for
uncollectible
receivables,
contract
assets, loans
receivable and
others (15,073) (43,753) (6,162) (32,053) (72,764) (10,249)
Sales and
marketing (373,971) (329,453) (46,402) (1,081,382) (1,538,913) (216,751)
General and
administrative (59,320) (65,182) (9,181) (194,039) (214,856) (30,262)
Research and
development (64,442) (92,917) (13,087) (216,694) (296,317) (41,735)
----------- ----------- ----------- ----------- ----------- -----------
Total operating
costs and
expenses (707,904) (1,368,554) (192,756) (2,089,395) (4,134,403) (582,318)
----------- ----------- ----------- ----------- ----------- -----------
Income from
operation 346,488 231,989 32,676 1,182,019 1,332,470 187,675
Gain from
de-recognition
of other
payable
associated with
disposal of
Shanghai
Caiyin 117,021 - - 117,021 - -
Gain from
disposal of
subsidiaries - 278,219 39,186 - 278,219 39,186
Impairment of
long-term
investments (15,078) (91,236) (12,850) (15,078) (91,236) (12,850)
Interest income
(expense), net (943 7,955 1,120 281 12,895 1,816
Other income,
net 36,325 1,256 177 43,447 14,834 2,089
----------- ----------- ----------- ----------- ----------- -----------
Income before
income taxes
and share of
gain (loss)
from equity
method
investments 483,813 428,183 60,309 1,327,690 1,547,182 217,916
Income tax
benefit
(expense) 49,994 (62,561) (8,812) (155,398) (247,616) (34,876)
Share of gain
(loss) from
equity method
investments (109) 2,012 283 7,940 (1,990) (280)
Net income 533,698 367,634 51,780 1,180,232 1,297,576 182,760
Less: net income
(loss)
attributable to
noncontrolling
interest 761 (128) (18) 574 (43) (6)
----------- ----------- ----------- ----------- ----------- -----------
Net income
attributable to
Jiayin Group
Inc. 532,937 367,762 51,798 1,179,658 1,297,619 182,766
----------- ----------- ----------- ----------- ----------- -----------
Weighted
average shares
used in
calculating net
income per
share:
- Basic and
diluted 213,789,483 213,462,066 213,462,066 215,259,640 213,996,233 213,996,233
Net income per
share:
- Basic and
diluted 2.49 1.72 0.24 5.48 6.06 0.85
Net income per
ADS:
- Basic and
diluted 9.97 6.88 0.96 21.92 24.24 3.40
Net income 533,698 367,634 51,780 1,180,232 1,297,576 182,760
Other
comprehensive
income, net of
tax of nil:
Foreign currency
translation
adjustments (4,181) (15,146) (2,133) 14,802 (7,132) (1,005)
----------- ----------- ----------- ----------- ----------- -----------
Comprehensive
income 529,517 352,488 49,647 1,195,034 1,290,444 181,755
Comprehensive
Income (loss)
attributable to
noncontrolling
interest 875 (94) (13) 534 (98) (14)
----------- ----------- ----------- ----------- ----------- -----------
Total
comprehensive
income
attributable to
Jiayin Group
Inc. 528,642 352,582 49,660 1,194,500 1,290,542 181,769
=========== =========== =========== =========== =========== ===========
______________________
1 "Loan facilitation volume" refers the loan volume facilitated in Mainland China during the period presented.
2 "Repeat borrowing rate" refers to the repeat borrowers as a percentage of all of our borrowers in Mainland China.
"Repeat borrowers" during a certain period refers to borrowers who have borrowed in such period and have borrowed at least twice since such borrowers' registration on our platform until the end of such period.
A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c07d5bdf-cc29-4c90-81a0-df326008b3b9
(END) Dow Jones Newswires
March 28, 2024 07:30 ET (11:30 GMT)
Comments