According to the news from Zhitong Finance APP, on the evening of June 6, 2024 Beijing Time, Jia Yin Technology (JFIN.US), a technology company located in Shanghai, China, released its unaudited financial report for the first quarter of 2024. The financial report shows that Jia Yin Technology facilitated a transaction amount of about 22.5 billion yuan in the first quarter of 2024, achieved revenue of about 1.475 billion yuan, and realized a net profit of about 273 million yuan.
Against the backdrop of macroeconomic environment and changes in credit market demand, Jia Yin Technology highly valued the cultivation of new production forces in the field of financial technology in the first quarter, continuously improved its ability to empower partners with big data and artificial intelligence, and continuously enhanced the company's core competitiveness. It achieved good results in refined operation and management and business expansion.
Through refined customer operation, Jia Yin Technology reduced its marketing expenses by 5.5% year-on-year in the first quarter of 2024, increased its repeated borrowing ratio to 73.0%, and achieved an average loan amount of 10,570 yuan. At the same time, in order to accelerate the cultivation of new production forces in the field of big data and artificial intelligence, the company's investment in scientific research and development increased by 28.5% year-on-year.
With continuous technological innovation, Jia Yin Technology has built a solid defense against fraud. In the first quarter, Jia Yin Technology's platform itself identified and blocked more than 650,000 fraudulent borrowers, including 65,000 cases of identifying and blocking malicious attacks by black industry, effectively avoiding various losses of 984 million yuan. At the same time, Jia Yin Technology's self-developed "Qimingxing" system also assisted external operation platforms in accurately identifying more than 100 illegal financial black industry complaints, and manually investigating and dealing with potential high-risk customer applications in 12,400 cases.
In addition, Jia Yin Technology also disclosed the first dividend plan for 2024, with a dividend amount of $0.50 per ADS. The specific execution time and other details will be announced in the future.