Hua Reum's questions to Jiayin Group Inc (JFIN) leadership • Q4 2024
Question
Hua Reum from Jinyu Assets asked about the reasons for the decline in net income in 2024 and future cost control plans. She also inquired about the company's strategy to optimize borrower experience, increase loyalty, and attract new borrower groups in 2025.
Answer
Chief Financial Officer Chunlin Fan attributed the net income decline to three factors: a high comparison base due to a one-time gain in Q4 2023, increased borrower acquisition costs, and higher R&D spending. He expressed confidence in future profitability, introducing non-GAAP income from operations guidance and highlighting an increased dividend policy. Chief Risk Officer Xu Yifang then addressed borrower strategy, outlining plans to enhance the user experience through platform partnerships, better service, and one-stop credit solutions, while maintaining the current focus on acquiring high-quality borrowers.