Jiayin Group Inc. (JFIN) Q2 2024 Earnings Call Transcript Summary
Jiayin Group Inc. (JFIN) Q2 2024 Earnings Call Transcript Summary
The company experienced a significant increase in costs, with facilitation and servicing expenses growing by 70.9% year-over-year to RMB 608.2 million.The following is a summary of the Jiayin Group Inc. (JFIN) Q2 2024 Earnings Call Transcript:
以下是嘉銀科技（JFIN）2024年第二季度業績會簡報：
Financial Performance:
金融業績：
Jiayin Group Inc. achieved a Q2 2024 loan facilitation volume of RMB 24 billion, up from previous guidance.
Q2 2024 net revenue rose to approximately RMB 1.476 billion, a 15.5% year-over-year increase.
The company experienced a significant increase in costs, with facilitation and servicing expenses growing by 70.9% year-over-year to RMB 608.2 million.
Net income for Q2 2024 recorded at RMB 238.3 million, a decrease of 27% from the same period last year.
Cash and cash equivalents reached RMB 880.2 million as of June 30, 2024, demonstrating an improvement in financial discipline and operational optimization.
嘉銀科技2024年第二季度貸款成交量達到240億人民幣，高於之前的指引。
2024年第二季度淨營業額達到約14.76億元人民幣，同比增長15.5%。
公司成本大幅增加，貸款業務和服務費用同比增長70.9%，達到6082萬元人民幣。
2024年第二季度淨利潤爲2383萬元人民幣，較去年同期下降27%。
截至2024年6月30日，現金及現金等價物達到8802萬元人民幣，顯示財務紀律和運營優化有所提升。
Business Progress:
業務進展：
Launched innovative products including an intelligent recommendation system and the Lingxi AI Agent platform.
Established partnerships with 69 financial institutions and in talks with an additional 35, aiming to deepen cooperation and expand services.
Advanced technological transformation focusing on integrating AI into multiple business areas such as customer services, predictive maintenance, and personalized marketing.
Focused on high-quality growth and strategic balance in new and existing borrower acquisition, evidenced by new borrower figures reaching 680,000 for Q2, a 32.9% year-over-year increase.
推出了創新產品，包括智能推薦系統和靈犀人工智能代理平台。
與69家金融機構建立合作伙伴關係，並與另外35家機構進行洽談，旨在加深合作並拓展服務。
着重將人工智能整合到客戶服務、預測性維護和個性化營銷等多個業務領域的先進技術改造中。
專注於高質量增長和新老借款人獲取的戰略平衡，Q2新借款人數達到68萬，同比增長32.9%。
Opportunities:
機會：
Aiming for a loan facilitation volume of RMB 25 billion for Q3, focusing on high-quality growth and stable price optimization.
Expanded international business activities with notable growth in Indonesian partner's loan size by 25% and active discussions with new financial partners in local markets.
目標是Q3貸款促成量達到250億人民幣，專注於高質量增長和穩定價格優化。
擴大國際業務活動，在印度尼西亞合作伙伴的貸款規模增長25%，與本地市場的新金融合作夥伴進行積極洽談。
Risks:
風險：
Volatility in net income due to increased costs and shifts in revenue structure, including higher guarantee costs and borrower acquisition costs.
淨利潤的波動性增加，原因是成本增加和營業收入結構變化，包括更高的擔保成本和借款人獲取成本。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。