According to Zhidao Finance, on November 20, the technology company Jiayin Group (JFIN.US) based in Shanghai, China, released its unaudited financial report for the third quarter of 2024. The report shows that Jiayin Group continued its stable growth trend in the third quarter, with a transaction volume of approximately 26.7 billion yuan, an increase of about 10.3% year-on-year, reaching a record high. Achieved revenue of approximately 1.44 billion yuan, with corresponding matchmaking service revenue of about 1.11 billion yuan, an increase of about 18.1% year-on-year.

Recently, the gradual implementation of a package of incremental policies has become an important engine to boost consumer spending, and the domestic economic development trend continues to improve. Faced with diverse credit demands arising from different consumer scenarios, Jiayin Group's business deployment and operational strategy have become more proactive, especially in intensifying efforts on new customer acquisition. As of the end of the third quarter, the repeat borrowing rate remained at 67.8%, with an average loan amount of 7629 yuan.

Benefiting from precise and flexible risk control strategies and upgraded risk control models, Jiayin Group's asset quality continued to improve in the third quarter. The 61 to 90 days overdue rate was 0.55%, showing a decreasing trend for two consecutive quarters. Faced with a large number of new users, from the pre-screening RTA model at the customer acquisition channel end to risk management for credit applications and approval amounts, strategies and models in each link continue to play a positive role.

At the same time, the company adheres to the principle of prudent operation, achieving a balance between 'quantity' and 'quality' in development. It comprehensively upgraded the intelligent model architecture, continuously introduced more diverse data samples to train models, and significantly improved modeling and deployment efficiency through the self-developed 'Lingxi' AI Agent and 'Fuxi' model platform.

Chairman of Jiayin Group, Yan Dinggui, stated that the company's transaction volume and related revenue continued to steadily increase this quarter, reflecting the company's effective strategic layout in business innovation, risk management, and market diversification. The company successfully utilizes technology to improve operational efficiency and user experience, while closely monitoring risk resilience. Jiayin Group believes that a flexible business model and sustainable growth will enable the company to seize new opportunities and create long-term value for shareholders.