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    Hua Rong

    Senior Analyst at Jin Yun Asset

    Hua Rong is a Senior Analyst at Jin Yun Asset, specializing in equity research with coverage focused on companies within the renewable energy and technology sectors. Rong tracks performance for listed firms such as CHN Energy Investment Group and GLP Capital Partners, and is recognized for generating strong investment returns, consistently ranking in the top quartile for sector forecasts and recommendations according to institutional benchmarks. Beginning a financial career in 2015, Rong previously held analyst roles at a regional securities firm before joining Jin Yun Asset in 2022. Rong holds the Series 7 and Series 63 securities licenses and is registered with FINRA, with recent recognition for accuracy in China equity forecasts.

    Hua Rong's questions to Jiayin Group (JFIN) leadership

    Hua Rong's questions to Jiayin Group (JFIN) leadership • Q1 2025

    Question

    Hua Rong of Jin Yu Asset inquired about the industry-wide trend of rising customer acquisition costs, its impact on Jiayin Group, and the associated measures to manage credit risk for new borrowers. He also asked about the company's strategy to address potential ADR delisting risks.

    Answer

    Sam Lee, Head of Investor Relations, acknowledged that higher acquisition costs were a strategic choice driven by market competition and a push for user base expansion. He stated that the company is enhancing front-end risk modeling and using AI to manage asset quality. Regarding delisting risk, Mr. Lee noted that while the near-term risk is low, Jiayin is proactively preparing for alternatives, including a potential Hong Kong listing, to safeguard shareholder interests.

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    Hua Rong's questions to Jiayin Group (JFIN) leadership • Q3 2024

    Question

    Hua Rong from Jin Yun Asset asked for an explanation of the significant sequential increase in accounts receivable in Q3 and the status of its recovery. Rong also questioned why the average borrowing amount per borrower decreased year-over-year despite revenue growth.

    Answer

    CFO Fan Chunlin stated the rise in accounts receivable was in line with record quarterly growth in loan facilitation revenue and that historical collection has been good. Chief Risk Officer Xu Yifang explained the lower average loan amount is a result of a strategic shift to acquire new borrowers with lower initial credit lines and to offer more flexible withdrawal options for existing premium borrowers, thereby expanding the overall user base.

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