Jiaxin Technology (JFIN.US) 2024 Q3 financial report: Business showing steady growth, AI driving digital operation.

On November 20th, Chinese tech company Jia Yin Technology (JFIN.US) based in Shanghai released its unaudited financial report for the third quarter of 2024. The financial report shows that Jia Yin Technology continued its stable growth trend in the third quarter, with a transaction amount of approximately 26.7 billion yuan, a year-on-year increase of about 10.3%, reaching a historical high. The operating income was approximately 1.44 billion yuan, with matching service revenue approximately 1.11 billion yuan, a year-on-year increase of about 18.1%. Recently, the gradual implementation of a package of incremental policies has become an important engine for boosting consumption, and the domestic economic development trend continues to improve. Faced with diversified credit demand arising from different consumption scenarios, Jia Yin Technology's business deployment and operating strategies have become more proactive, especially in increasing efforts in acquiring new customers. By the end of the third quarter, the repeat borrowing rate remained at 67.8%, with an average loan amount of 7629 yuan. Thanks to precise and flexible risk control strategies and upgraded risk control models, the asset quality of Jia Yin Technology continued to improve in the third quarter. The 61 to 90 days overdue rate was 0.55%, showing a downward trend for two consecutive quarters. With a large number of new users, strategies and models at each stage from the customer acquisition channel's RTA model screening to the risk management of credit application and approval limits have been continuously playing a positive role. At the same time, the company adheres to the principle of prudent operations, achieving a balance of "quantity" and "quality" development, comprehensively upgrading the intelligent model architecture, continuously introducing more diverse data samples to train models, and greatly improving modeling and online efficiency through self-developed "Ling Xi" AI Agent intelligent body and "Fu Xi" model platform. Jia Yin Technology Chairman Yan Dinggui stated that this quarter, Jia Yin continued to steadily increase transaction amounts and related income, 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, and pays close attention to risk resilience. Jia Yin Technology believes that its flexible business model and sustainable growth will enable the company to seize new opportunities and create long-term value for shareholders.