Zhitong Finance learned that on the evening of March 28, 2024, Beijing time, JFIN.US, a technology company based in Shanghai, China, released its unaudited financial report for the fourth quarter and full year of 2023. According to financial reports, Jiayin Technology's facilitation transaction amount for the full year of 2023 reached about 88.1 billion yuan, an increase of 58.7% over the previous year; achieved operating income of about 5.47 billion yuan, an increase of 67.1% over the previous year; and achieved net profit of about 1,298 billion yuan.

Domestic consumer credit demand has maintained strong growth over the past year. In the context of this market demand, Jiayin Technology is not blindly pursuing business scale expansion, but continues to make efforts to optimize customer base structure and institutional cooperation.

Through refined marketing strategies, elimination and adjustment of long-tail channels, and increasing conversion rates, Jiayin Technology's marketing expenses fell 11.9% year-on-year in the fourth quarter of 2023. In terms of customer operations, through refined management, the life cycle value of core assets was deeply explored. The proportion of repeated loans reached 72.9%, and the average loan amount was RMB 9,944.

Throughout 2023, Jiayin Technology's consumer rights protection work continued throughout, adhering to the three key points of “technology, temperature, and innovation” in consumer protection throughout the year. Whether it is building an anti-fraud firewall, improving the quality and efficiency of customer service, strengthening external cooperation, innovating consumer insurance education, etc., Jiayin Technology has systematized, diversified, and technologized consumer insurance work.

According to the 2023 Consumer Insurance White Paper released by Jiayin Technology in January this year, the company served a total of 4380,137 customers throughout the year, with a satisfaction rate of 98.34%. All types of consumer insurance education covered 26 million people and helped 9,900 needy customers throughout the year. At the end of 2023, the company also won the “Best Financial Consumer Rights Protection” award at the Financial Compliance Annual Awards ceremony with its outstanding performance.

Jiayin Technology also revealed its many measures in terms of shareholder returns in this financial report. In 2024, the company will continue to implement the dividend policy previously announced, which is to pay two dividends in cash. In addition, the company has also updated the progress of the share repurchase plan. Up to now, the company has repurchased shares with a total value of about 10.6 million US dollars, and raised the upper limit of the current effective share repurchase plan to 30 million US dollars.