Jiayin Group Surmounts Industry Pressures with Focused Efforts on Existing Borrower Base
In its Q1 2026 earnings conference call, Jiayin Group reported a net loss of approximately RMB 61.7 million, citing industry cyclicality and volume contraction as key factors contributing to the result.
Despite this, the company's CEO, Mr. Yan Dinggui, expressed confidence in Jiayin Group's ability to navigate these challenges through strategic refinements. 'We focused on refining the operations of our high-quality existing borrower base and the structural enhancement of our business model,' he stated.
A key highlight from the quarter was the company's success in engaging with its existing borrower base, with repeat borrowing contribution accounting for 76.3% of transaction volume – a year-over-year increase of 4.4 percentage points. This approach allowed Jiayin Group to stabilize repeat borrowing demand and validate the effectiveness of its strategy to deepen engagement with existing borrowers.
The company also emphasized its commitment to risk management, with the 90+ day delinquency ratio standing at 2.25% as of the end of Q1. To mitigate this risk, Jiayin Group is tightening underwriting criteria and credit limit controls for higher-risk borrower segments while refining engagement strategies for high-quality borrowers.
In addition to these efforts, Jiayin Group continues to invest in business development initiatives. The company has been executing its overall strategy established in the previous quarter and advancing structural upgrades through three key areas: enhancing joint operations and tech empowerment models, embedding AI capabilities into operations, and productizing risk management solutions.
One notable advancement under this strategy is the expansion of Jiayin Group's technology empowerment services for financial institutions. By providing comprehensive solutions covering borrower engagement and operations, technology services, and risk modeling capabilities, the company aims to deepen its integration with partner banks and drive growth through strategic partnerships.
As the industry continues to adjust to changing market conditions, Jiayin Group appears poised to capitalize on emerging opportunities while refining its operational framework. Through a focused approach to existing borrower engagement and business development initiatives, the company may well be positioned for sustained success in an evolving credit landscape.
