China's Jiayin Group Q4 revenue falls on regulatory impact, lower service fees

Overview

• China fintech platform's Q4 2025 revenue fell 22% yr/yr, net income dropped 63%

• Company attributed Q4 declines to regulatory changes and sector-wide liquidity tightening

• Board repurchased 4.6 mln ADSs for $30.4 mln and adjusted dividend policy for 2025

Outlook

• Jiayin Group expects Q1 2026 loan facilitation volume of RMB18.5 bln to RMB19.5 bln

• Company says regulatory changes may affect results, with impact magnitude subject to uncertainty

• Jiayin Group prioritizes asset quality and operational resilience amid evolving regulatory landscape

Result Drivers

• REGULATORY IMPACT - Co said new regulatory framework led to sector-wide liquidity tightening and increased volatility, contributing to lower loan facilitation volume and net income

• LOWER SERVICE FEES - Revenue from loan facilitation services declined due to decreases in loan facilitation volume and facilitation service fee rates

• REDUCED REFERRAL FEES - Other revenue fell mainly due to lower contribution from referral fees

Company press release: ID:nGNX9mNDJ4

Key Details

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