← Jiayin Group Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net income for the years | $539.5m | $611.8m | $527.2m | $250.1m | $467.8m | $1.2b | $1.3b | $1.1b | $1.5b | |
| Net Income From Continuing Operations | — | — | — | — | — | $1.2b | $1.3b | $1.1b | $1.5b | |
| Net Income (Loss) Attributable to Parent | — | $611.8m | $75.8m | $38.8m | $74.1m | $171.0m | $182.8m | $144.7m | $219.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $611.8m | $75.7m | $38.3m | $73.4m | $171.1m | $182.8m | $144.7m | $219.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $54k | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($81k) | ($432k) | ($679k) | $84k | ($6k) | ($1k) | ($1k) | |
| Depreciation and amortization | $4.1m | $11.3m | $2.5m | $3.5m | $2.5m | $1.4m | $1.3m | $2.4m | $10.1m | |
| Depreciation | $4.1m | $11.3m | $17.7m | $20.5m | $13.1m | $7.7m | $9.5m | $17.8m | $70.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $10.0m | $9.5m | $17.9m | $70.9m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $25.6m | ($15.9m) | ($22.3m) | $40.0m | $28.4m | $25.3m | |
| Deferred tax assets | $81.1m | ($17.6m) | ($61.7m) | $27.4m | ($12.9m) | ($22.3m) | ($66k) | ($18.8m) | ($24.1m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $67.8m | $21.2m | $4.7m | $2.4m | $6.2m | $7.7m | $8.1m | $22.6m | |
| Share-based Payment Arrangement, Expense | — | — | $39.4m | — | — | $35.7m | — | — | — | |
| Share-based compensation | $89.4m | $67.8m | $147.6m | $30.7m | $15.2m | $42.5m | $54.4m | $59.1m | $157.9m | |
| Impairment of long-term investments | — | — | — | — | — | $15.1m | $91.2m | $51.9m | — | |
| Asset Impairment Charge | — | — | — | — | — | $15.1m | $91.2m | $51.9m | $0 | |
| Gain (Loss) on Disposition of Assets | — | $18k | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | $54k | ($1.2m) | $1.2m | $1.2m | ($280k) | — | — | |
| Income Tax Expense (Benefit) | — | $93.9m | $5.3m | $16.7m | $19.7m | $22.5m | $34.9m | $32.7m | $48.3m | |
| Operating Lease, Expense | — | $24.3m | $35.7m | $26.5m | $17.9m | $29.2m | $25.1m | $25.3m | $25.8m | |
| Other Nonoperating Income (Expense) | — | $20.3m | $3.4m | $1.0m | $2.7m | $6.3m | $2.1m | $13.1m | $9.6m | |
| Gain from disposal of property, equipment and software | — | $466k | — | $1k | $11k | — | $840k | $2k | $3.4m | |
| Share of loss in equity method investments | — | — | ($378k) | $7.5m | ($7.7m) | ($7.9m) | $2.0m | $0 | — | |
| Operating Lease | — | — | — | — | — | ($7.8m) | ($22.6m) | ($22.9m) | ($26.2m) | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($7.9m) | $2.0m | $0 | $0 | |
| Additional Financial Items | ||||||||||
| General and Administrative Expense | — | $150.5m | $33.1m | $23.7m | $25.9m | $28.1m | $30.3m | $30.3m | $43.3m | |
| Investment Income, Interest | — | $169k | $822k | $1.2m | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | $1.1m | $1.2m | $317k | $179k | $23k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | ($6.0m) | ($865k) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | — | $304k | |
| Allowance for uncollectible receivables, contract assets, prepaid expenses and other current assets and others | — | — | — | — | — | — | $72.8m | $12.2m | $31.5m | |
| Non-cash lease expenses | — | — | — | — | — | — | $21.0m | $23.6m | $25.7m | |
| Gain from de-recognition of liabilities | — | — | — | — | ($138.0m) | ($117.0m) | ($280.2m) | — | — | |
| Loss from disposal of subsidiaries | — | — | — | — | $2.4m | — | $2.0m | $14.4m | — | |
| Accounts receivable and contract assets | ($535.5m) | ($6.6m) | ($82.8m) | ($224.4m) | ($344.4m) | ($1.2b) | ($497.5m) | ($886.5m) | ($748.6m) | |
| Financial assets receivable | — | — | — | — | — | ($292.3m) | ($917.8m) | $701.7m | ($327.6m) | |
| Prepaid expenses and other current assets | ($2.8m) | $31.2m | ($35.2m) | $26.5m | ($5.8m) | ($434.3m) | ($1.9b) | $1.5b | ($566.6m) | |
| Amount due from/to related parties | $68.6m | $500.8m | $10.1m | $10.0m | ($35.2m) | $12.4m | $10.8m | $11.3m | ($12.1m) | |
| Other non-current assets | — | — | — | — | ($1.2m) | ($516k) | ($504k) | $186k | ($63.5m) | |
| Right-of-use assets | — | — | $9.6m | $30.3m | ($30.9m) | $7.9m | — | — | — | |
| Deferred guarantee income | — | — | — | — | — | $276.5m | $821.6m | ($657.4m) | $229.4m | |
| Contingent guarantee liabilities | — | — | — | — | — | — | $933.9m | ($728.2m) | $384.0m | |
| Payroll and welfare payables | $43.4m | $5.2m | ($60.4m) | $9.8m | ($2.2m) | $25.5m | $17.7m | $49.6m | $66.3m | |
| Tax payables | $153.4m | $218.2m | $108.1m | $100.0m | $138.3m | $223.8m | $219.3m | $124.8m | $367.5m | |
| Accrued expenses and other current liabilities | $97.7m | $57.7m | $47.7m | ($87.8m) | $54.9m | $444.1m | $445.0m | $190.6m | $159.4m | |
| Disposal of subsidiaries, net of cash disposed of RMB68,747, RMB2,683 and nil | — | — | ($7.6m) | — | ($16.0m) | — | ($68.7m) | ($2.7m) | $16.9m | |
| Acquisition of long-term investments | — | — | — | — | — | — | ($77.5m) | ($97.6m) | ($238.4m) | |
| Proceeds from recovery of long-term investments | — | — | — | — | — | — | — | $69.0m | $71.3m | |
| Loans to related parties | — | ($11.6m) | ($123.9m) | $79k | ($203.1m) | ($56.4m) | ($13.9m) | ($120.0m) | ($550.0m) | |
| Repayments from related parties | $83.0m | $11.6m | — | $37.4m | $190.7m | $50.9m | $31.2m | $130.1m | $250.0m | |
| Loans from related parties | $13.9m | $70.8m | $230k | $3.1m | $15.0m | — | — | $27.3m | $756.5m | |
| Repayment of loans from related parties | — | — | — | — | ($15.0m) | — | — | $5.8m | $720.0m | |
| Repurchase of ordinary shares | — | — | — | — | $0 | ($14.8m) | ($38.1m) | ($53.3m) | ($110.7m) | |
| Proceeds from exercise of options | — | — | — | $7.0m | $7.4m | $2.2m | $1.3m | $169k | $0 | |
| Disposal consideration settled by other payable related to the disposal of Shanghai Caiyin | — | — | — | — | $94.4m | — | $75.6m | — | — | |
| Disposal consideration settled by accounts receivable | — | — | — | — | — | — | $108.2m | $33.3m | — | |
| Disposal consideration settled by service fee collected on behalf of Fujian Zhuoqun (see Note 7) | — | — | $238.9m | $156.3m | — | — | $316.2m | — | — | |
| Paybles for share repurchase (see Note 10) | — | — | — | — | — | $9.3m | $21.6m | $13.4m | — | |
| Long-term receivable from disposal consideration related to disposal of Giasun and Quark (see Note 7) | — | — | — | — | — | — | — | $18.8m | $4.3m | |
| Beginning Cash Position | — | — | — | — | — | $184.6m | $293.0m | $372.6m | $677.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($12.6m) | ($193.5m) | ($332.7m) | $487.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($22.9m) | ($105.8m) | ($783.5m) | ($1.9b) | |
| Change In Accrued Expense | — | — | — | — | — | $444.1m | $445.0m | $190.6m | $159.4m | |
| Change In Income Tax Payable | — | — | — | — | — | $223.8m | $219.3m | $124.8m | $367.5m | |
| Change In Other Current Assets | — | — | — | — | — | $7.4m | ($504k) | $186k | ($63.5m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($7.8m) | $911.4m | ($751.1m) | $357.8m | |
| Change In Other Working Capital | — | — | — | — | — | $266.6m | $832.3m | ($664.9m) | $193.1m | |
| Change In Payable | — | — | — | — | — | $249.3m | $237.0m | $174.5m | $433.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $693.3m | $682.1m | $365.0m | $593.2m | |
| Change In Prepaid Assets | — | — | — | — | — | ($456.2m) | ($1.9b) | $1.5b | ($566.6m) | |
| Change In Receivables | — | — | — | — | — | ($1.5b) | ($1.4b) | ($184.8m) | ($1.1b) | |
| Change In Tax Payable | — | — | — | — | — | $223.8m | $219.3m | $124.8m | $367.5m | |
| Change In Working Capital | — | — | — | — | — | ($1.0b) | ($880.4m) | $258.9m | ($562.1m) | |
| Changes In Account Receivables | — | — | — | — | — | ($1.2b) | ($497.5m) | ($886.5m) | ($748.6m) | |
| Changes In Cash | — | — | — | — | — | $98.1m | $90.3m | $309.3m | ($201.7m) | |
| End Cash Position | — | — | — | — | — | $293.0m | $372.6m | $677.9m | $475.4m | |
| Financing Cash Flow | — | — | — | — | — | ($12.6m) | ($193.5m) | ($332.7m) | $487.2m | |
| Free Cash Flow | — | — | — | — | — | $116.1m | $358.0m | $686.4m | $622.3m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $2.0m | $14.4m | $0 | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $0 | ($191k) | $0 | ($171k) | |
| Investing Cash Flow | — | — | — | — | — | ($22.9m) | ($105.8m) | ($783.5m) | ($1.9b) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | ($68.7m) | ($2.7m) | $16.9m | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($17.5m) | ($30.7m) | ($739.1m) | ($631.6m) | |
| Operating Gains Losses | — | — | — | — | — | ($7.9m) | $3.8m | ($54.6m) | ($171k) | |
| Other Non Cash Items | — | — | — | — | — | ($117.0m) | ($259.2m) | $23.6m | $25.7m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $2.2m | $1.3m | $169k | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | — | $32.1m | $72.8m | $12.2m | $31.5m | |
| Purchase Of Business | — | — | — | — | ($111.0m) | $0 | ($68.7m) | ($2.7m) | — | |
| Purchase Of PPE | — | — | — | — | — | ($17.5m) | ($31.5m) | ($739.1m) | ($635.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($14.8m) | ($38.1m) | ($53.3m) | ($110.7m) | |
| Sale Of PPE | — | — | — | — | — | $0 | $840k | $2k | $3.4m | |
| Stock Based Compensation | — | — | — | — | — | $42.5m | $54.4m | $59.1m | $157.9m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $0 | $0 | ($2.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $104.8m | ($228.4m) | $3.8m | ($5.4m) | $29.0m | $19.4m | $54.9m | $195.3m | $179.8m | |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($21.7m) | $16.9m | $4.0m | $130k | $434k | $2.5m | $4.4m | $101.3m | $90.8m | |
| Payments to Acquire Investments | — | — | $10.3m | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | $0 | ($77.5m) | ($28.6m) | ($167.0m) | |
| Purchase Of Investment | — | — | — | — | — | $0 | ($77.5m) | ($97.6m) | ($238.4m) | |
| Sale Of Investment | — | — | — | — | — | $0 | $0 | $69.0m | $71.3m | |
| Other investing activities | — | — | — | — | — | — | $53.8m | ($23.3m) | — | |
| Net Other Investing Changes | — | — | — | — | — | ($5.5m) | $71.1m | ($13.2m) | ($1.2b) | |
| Net Cash Provided by (Used in) Investing Activities | $61.2m | ($16.4m) | ($33.6m) | $5.1m | ($19.8m) | ($3.3m) | ($14.9m) | ($107.3m) | ($278.3m) | |
| Cash flows from financing activities: | ||||||||||
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | $27.3m | $1.4b | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $27.3m | $1.4b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | $0 | $21.6m | $706.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $27.3m | $1.4b | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | ($5.8m) | ($720.0m) | |
| Repayment Of Debt | — | — | — | — | — | $0 | $0 | ($5.8m) | ($720.0m) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | ($5.8m) | ($720.0m) | |
| Proceeds from Issuance of Common Stock | — | — | $35.0m | — | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | ($14.8m) | ($38.1m) | ($53.3m) | ($110.7m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $2.1m | $5.4m | $7.3m | $15.8m | |
| Common Stock Payments | — | — | — | — | — | ($14.8m) | ($38.1m) | ($53.3m) | ($110.7m) | |
| Proceeds from Noncontrolling Interests | — | — | $117k | $77k | — | — | — | — | — | |
| Dividends paid | — | $400 | — | — | — | — | — | — | — | |
| Dividend distributed to shareholders | — | ($400.0m) | — | — | $2.6m | — | ($156.7m) | ($301.2m) | ($108.2m) | |
| Payables for dividend to shareholders (see Note 15) | — | — | — | — | — | — | — | $40.8m | $220.4m | |
| Cash Dividends Paid | — | — | — | — | — | $0 | ($156.7m) | ($301.2m) | ($108.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | $0 | ($156.7m) | ($301.2m) | ($108.2m) | |
| Net cash (used in) provided by financing activities | $13.9m | ($433.6m) | $244.7m | $10.6m | $9.9m | ($12.6m) | ($193.5m) | ($332.7m) | $487.2m | |
| Net Cash Provided by (Used in) Financing Activities | — | ($433.6m) | $35.1m | $1.6m | $1.6m | ($1.8m) | ($27.3m) | ($45.6m) | $69.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $348k | ($1.7m) | ($474k) | $1.5m | ($1.5m) | ($557k) | ($105k) | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | — | — | $2.4m | ($11.1m) | ($3.0m) | $10.4m | ($10.7m) | ($4.1m) | ($737k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | $10.4m | ($10.7m) | ($4.1m) | ($737k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($678.4m) | $5.6m | ($433k) | $10.2m | $15.7m | $11.2m | $41.8m | ($28.9m) | |
| Non-cash increase of lease liabilities in exchange for right-of-use assets | — | — | $16.0m | $4.7m | $47.1m | $12.7m | $47.0m | $24.7m | $2.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $11.9m | $17.5m | $18.3m | $29.0m | $42.5m | $52.5m | $92.9m | $68.0m | |
| Net change in cash, cash equivalents and restricted cash | $179.8m | ($678.4m) | $39.2m | ($2.8m) | $65.2m | $108.5m | $79.6m | $305.2m | ($202.4m) | |
| Cash, cash equivalents and restricted cash at beginning of the year | $761.3m | $82.9m | $122.1m | $119.3m | $184.6m | $293.0m | $372.6m | $677.9m | $475.4m | |
| Cash and cash equivalents | $606.1m | $41.4m | $122.1m | $117.3m | $182.6m | $291.0m | $370.2m | $540.5m | $61.8m | |
| Restricted cash | $155.2m | $41.5m | — | $2.0m | $2.0m | $2.0m | $2.4m | $137.3m | $413.6m | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $108.5m | $79.6m | $305.2m | ($202.4m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | — | — | $317k | |
| Income Taxes Paid, Net | $91.0m | $33.8m | $8.0m | $25k | $1.0m | $275k | $5.8m | $16.3m | $4.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.