According to the ECOINAPP, Jiayin Group (JFIN.US) today (August 27) released its unaudited financial report for the second quarter of 2024. The report shows that Jiayin Group facilitated a trading volume of approximately $24 billion in the second quarter of 2024; achieved revenue of approximately $1.476 billion; and realized a net income of approximately $0.238 billion.

On the other hand, Jiayin Group also announced the latest cash dividend scheme before the release of this financial report. Its board of directors has approved a dividend of $0.125 per ordinary share, or $0.50 per ADS. It is expected that the total cash amount to be distributed this time will be approximately $26.6 million.

In the second quarter of this year, Jiayin Group withstood the complex market test in risk control, technology capabilities, and customer acquisition capabilities. The company achieved its established strategic goals and realized revenue of $1.476 billion in the second quarter, a year-on-year increase of approximately 15.5%, maintaining a healthy growth momentum. By the end of the second quarter, the overdue rate remained at 67.1%, with an average loan amount of 9080 RMB.

In early August, Jiayin Group released its ESG report for 2023, reflecting the company's commitment to sustainable development and its fruitful achievements in the field of technology empowerment, support for small and micro enterprises, employee care, environmental protection, and social welfare.

During the reporting period, Jiayin Group continuously improved the coverage and accuracy of inclusive finance, and enhanced the accessibility of small and micro financial services through its powerful risk control and AI technology. By the end of the reporting period, Jiayin Group had served over 0.5 million small and micro enterprise owners, with a cumulative transaction amount of approximately RMB 20 billion.

In addition, Jiayin Group continued its long-term investment in public welfare, student support, mental health care for young people, and volunteer services, helping to improve infrastructure and teaching levels in 20 rural schools across 13 provinces. During the reporting period, the 'Smile of the Heart' project of Jiayin Group made comprehensive efforts, conducting mental health training for teachers and students in collaboration with education authorities in 7 cities and counties, covering nearly 1000 schools. Jiayin Group's volunteer service team, established in 2023, reached nearly one hundred people, and during the reporting period, carried out volunteer activities 9 times, with a total service duration of over 1000 hours.

Jiayin Group's Chairman, Yan Dinggui, stated that the achievements in the second quarter have proven the company's advantages in global strategy and risk management. In the ever-changing market conditions, this highlights the stability and adaptability of the company's business development. After observing for several consecutive quarters, Jiayin Group believes that the overall market environment is improving, providing favorable conditions for accelerating business growth in the upcoming period. Looking ahead, Jiayin Group will continue to drive the company's performance through technology innovation and strategic business exploration.