Jiayin Group Inc. (NASDAQ: JFIN) spotted trading -68.13% off 52-week high price. On the other end, the stock has been noted -4.59% away from the low price over the last 52-weeks. The stock changed -4.65% to recent value of $7.17. The stock transacted 9749 shares during most recent day however it has an average volume of 85.59K shares. The company has 55.77M of outstanding shares and 3.5M shares were floated in the market.
Jiayin Group Inc. (NASDAQ: JFIN), recently reported its unaudited financial results for the quarter ended June 30, 2019.
Net revenue was RMB635.6M (US$92.6M), representing a decrease of 6.6% from the same period of 2018, primarily Because of reduced loan origination volume in the second quarter of 2019.
Revenue from loan facilitation services was RMB477.0M (US$69.5M), representing a decrease of 13.5% from the same period of 2018, primarily Because of reduced loan origination volume.
Revenue from post-origination services was RMB85.8M (US$12.5M), representing a raise of 66.2% from the same period of 2018, as we benefitted from the accumulated loans originated during previous periods.
Origination and Servicing Expense was RMB127.7M (US$18.6M), representing a raise of 26.0% from the same period of 2018, primarily Because of the increased expenses associated with risk control and credit assessment.
Allowance for Uncollectible Receivables and Contract Assets was RMB70.8M (US$10.3M), representing a raise of 23.2% from the same period of 2018, primary Because of unfavorable industry conditions.
Sales and Marketing expense was RMB149.8M (US$21.8M), representing a decrease of 27.7% from the same period of 2018, primarily Because of reduced advertisement spending for promotional activities.
General and Administrative expense was RMB51.5M (US$7.5M), representing a raise of 63.2% from the same period of 2018, primarily Because of increased payroll expenses and certain share-based compensation expense related to options granted in October 2018.
Research and Development expense was RMB50.5M (US$7.4M), representing a raise of 33.9% from the same period of 2018, as the Company continued to improve its technology for credit assessment.
Income from operations was RMB185.4M (US$27.0M), representing a decrease of 24.4% from the same period of 2018.
Net income attributable to Jiayin Group shareholders was RMB168.9M (US$24.6M), contrast with RMB210.2M in the same period of 2018.
Cash and Equivalents at quarter-end were RMB438.4M (US$63.9mmm), contrast with RMB150.0M in the same period of 2018.
Its earnings per share (EPS) expected to touch remained 13.40% for this year while earning per share for the next 5-years is expected to reach at # ref. JFIN has a gross margin of 82.10% and an operating margin of 23.00% while its profit margin remained 20.90% for the last 12 months. According to the most recent quarter its current ratio was # ref that represents company’s ability to meet its current financial obligations. The price moved ahead of -28.45% from the mean of 20 days, -40.90% from mean of 50 days SMA and performed -42.04% from mean of 200 days price. Company’s performance for the week was -24.13%, -40.74% for month and YTD performance remained -55.60%.