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CONSOLIDATED BALANCE SHEETS (Parenthetical) ¥ in Thousands	Dec. 31, 2023 CNY (¥) shares	Dec. 31, 2022 CNY (¥) shares
Business Acquisition [Line Items]
Accounts receivable and contract assets, allowance for credit losses \| ¥	¥ 17,953	¥ 2,539
Financial assets receivable, net of allowance for credit losses \| ¥	7,207	0
Prepaid expenses and other current assets allowance for credit losses \| ¥	¥ 13,205	¥ 17,991
Treasury Stock, Shares	3,970,056	2,372,596
Related party
Business Acquisition [Line Items]
Amounts due from related parties, allowance for credit losses \| ¥	¥ 0	¥ 23,579
Class A Ordinary shares
Business Acquisition [Line Items]
Ordinary shares, shares authorized	2,108,100,000	2,108,100,000
Ordinary shares, shares issued	108,100,000	108,100,000
Ordinary shares, shares outstanding	104,129,944	105,727,404
Class B Ordinary shares
Business Acquisition [Line Items]
Ordinary shares, shares authorized	116,000,000	116,000,000
Ordinary shares, shares issued	108,000,000	108,000,000
Ordinary shares, shares outstanding	108,000,000	108,000,000

LONG-TERM INVESTMENTS	12 Months Ended
Dec. 31, 2023
Long-Term Investments [Abstract]
LONG-TERM INVESTMENTS	6. LONG-TERM INVESTMENTS On January 5, 2021, Noble Fintech disposed its 6% of the equity interests in Aguila Information, S.A.P.I. de C.V. (“Aguila Information”) to a certain minority shareholder. Following the completion of the transaction, the equity interest of Aguila Information owned by the Group decreased from 51% to 45%. The Group thus deconsolidated Aguila Information and applied equity method to account for the investment in Aguila Information. For the years ended December 31, 2021 and 2022, the Group recognized the Group’s proportionate share of the equity investee’s net gain into earnings in the amount of RMB8,457 and RMB9,151 in accordance with ASC Topic 323. The Group received dividend return of the long-term equity investment of RMB2,586 in June 2021. As of December 31, 2021 and 2022, the balance of this investment was RMB5,819 and RMB15,078. As there was disagreement between the Group and Aguila Information on business strategy, the Group determined that this investment was not recoverable and full impairment amounted to RMB15,078 was provided in the year ended December 31, 2022. In 2020, the Group, through its subsidiary, Geerong, and another independent purchaser entered into a share purchase agreement with China Smartpay Group Holdings Limited (“China Smartpay”), to acquire 35 ordinary shares of Keen Best Investment Limited (“Keen Best”), representing 35% equity interest in Keen Best, a wholly-owned subsidiary of China Smartpay for an amount of RMB91,957. For the years ended December 31, 2021, 2022 and 2023, the Group recognized the Group’s proportionate share of the equity investee’s net loss into earnings in accordance with ASC Topic 323 in the amount of RMB806, RMB1,211 and RMB1,990, respectively. During the year ended December 31, 2023, the Group was no longer able to exert significant influence over Keen Best and reclassified the investment from equity method to measurement alternative, i.e. cost less impairment, plus or minus qualifying observable price changes. Considering the business forecast of the investee, the Group fully impaired this investment in 2023. 6. LONG-TERM INVESTMENTS - continued The Group purchased two convertible notes totaling RMB51,006 in 2022 and 2023 from PT Rumah Inovasi JET, which is entitled to certain redemption rights and conversion rights on or before the maturity date. The Group accounts for its investments in as “available-for-sale” and measured the fair value at each period end. The unrealized holding gains and losses for available-for-sale securities are reported in other comprehensive income until realized. In 2023, the Group purchased 8% equity interest of Emprende Conmovi, S.A. DE C.V., Sofom, Enr, a Mexico Fintech company for consideration of US$0.5. During the year of 2023, the Group lent two loans of RMB44,709 with the annual interest rate of 10%. The Group does not have the ability to exert the significant influence the operations of this entity and accounts for this investment using measurement alternative, and loans at amortized cost, respectively.

LONG-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2023

Long-Term Investments [Abstract]

LONG-TERM INVESTMENTS

On January 5, 2021, Noble Fintech disposed its 6% of the equity interests in Aguila Information, S.A.P.I. de C.V. (“Aguila Information”) to a certain minority shareholder. Following the completion of the transaction, the equity interest of Aguila Information owned by the Group decreased from 51% to 45%. The Group thus deconsolidated Aguila Information and applied equity method to account for the investment in Aguila Information. For the years ended December 31, 2021 and 2022, the Group recognized the Group’s proportionate share of the equity investee’s net gain into earnings in the amount of RMB8,457 and RMB9,151 in accordance with ASC Topic 323. The Group received dividend return of the long-term equity investment of RMB2,586 in June 2021. As of December 31, 2021 and 2022, the balance of this investment was RMB5,819 and RMB15,078. As there was disagreement between the Group and Aguila Information on business strategy, the Group determined that this investment was not recoverable and full impairment amounted to RMB15,078 was provided in the year ended December 31, 2022.

In 2020, the Group, through its subsidiary, Geerong, and another independent purchaser entered into a share purchase agreement with China Smartpay Group Holdings Limited (“China Smartpay”), to acquire 35 ordinary shares of Keen Best Investment Limited (“Keen Best”), representing 35% equity interest in Keen Best, a wholly-owned subsidiary of China Smartpay for an amount of RMB91,957.

For the years ended December 31, 2021, 2022 and 2023, the Group recognized the Group’s proportionate share of the equity investee’s net loss into earnings in accordance with ASC Topic 323 in the amount of RMB806, RMB1,211 and RMB1,990, respectively. During the year ended December 31, 2023, the Group was no longer able to exert significant influence over Keen Best and reclassified the investment from equity method to measurement alternative, i.e. cost less impairment, plus or minus qualifying observable price changes. Considering the business forecast of the investee, the Group fully impaired this investment in 2023.

LONG-TERM INVESTMENTS - continued

The Group purchased two convertible notes totaling RMB51,006 in 2022 and 2023 from PT Rumah Inovasi JET, which is entitled to certain redemption rights and conversion rights on or before the maturity date. The Group accounts for its investments in as “available-for-sale” and measured the fair value at each period end. The unrealized holding gains and losses for available-for-sale securities are reported in other comprehensive income until realized.

In 2023, the Group purchased 8% equity interest of Emprende Conmovi, S.A. DE C.V., Sofom, Enr, a Mexico Fintech company for consideration of US$0.5. During the year of 2023, the Group lent two loans of RMB44,709 with the annual interest rate of 10%. The Group does not have the ability to exert the significant influence the operations of this entity and accounts for this investment using measurement alternative, and loans at amortized cost, respectively.

PREPAID EXPENSES AND OTHER CURRENT ASSETS - Summary of balances of loans receivable (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	¥ 998,835		¥ 292,342
Less: Allowance for credit losses	(7,207)		0	¥ 0
Financial assets receivable, net	991,628	$ 139,668	292,342
Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	9,149		21,142
Less: Allowance for credit losses	(6,367)		(17,991)	¥ (27,255)	¥ (27,700)
Financial assets receivable, net	¥ 2,782		¥ 3,151

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-80

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 79
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-79

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479344/326-20-45-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (1)
-Publisher SEC

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph (a)
-Subparagraph (2)
-Publisher SEC

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1404
-Paragraph (a)
-Publisher SEC

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

+ Details

ORDINARY SHARES AND TREASURY STOCK	12 Months Ended
Dec. 31, 2023
Common Stock [Abstract]
ORDINARY SHARES AND TREASURY STOCK	11. ORDINARY SHARES AND TREASURY STOCK On May 10, 2019, the Group completed its IPO on the NASDAQ Global Market. In this offering, 4,025,000 ADSs, representing 16,100,000 ordinary shares, were issued at a price of US$10.50 per ADS. One ADS represents four Class A ordinary shares.The aggregate proceeds received by the Group from the IPO, net of issuance costs, were approximately RMB234,354. Upon completion of IPO, the 216,100,000 outstanding ordinary shares with par value of US$0.000000005 per share were split into 100,100,000 Class A ordinary shares and 116,000,000 Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to ten votes on all matters that are subject to shareholder vote. All classes of ordinary shares are entitled to the same dividend right. All of the Class B ordinary shares were held by the Founder of the Company. For the years ended December 31, 2022 and 2023, the Group repurchased 5,994,368 and 5,329,848 Class A ordinary shares on the open market for an aggregate cash consideration of US$3,454 (RMB24,012) and US$7,060 (RMB50,438) respectively. The weighted average price of these shares repurchased was US$0.58 per share and US$1.32 per share respectively. As of December 31, 2023, 3,970,056 ordinary shares are considered not outstanding and therefore were accounted for under the cost method and included in such treasury stock as a component of the shareholder’s equity.

ORDINARY SHARES AND TREASURY STOCK

12 Months Ended

Dec. 31, 2023

Common Stock [Abstract]

ORDINARY SHARES AND TREASURY STOCK

11.

ORDINARY SHARES AND TREASURY STOCK

On May 10, 2019, the Group completed its IPO on the NASDAQ Global Market. In this offering, 4,025,000 ADSs, representing 16,100,000 ordinary shares, were issued at a price of US$10.50 per ADS. One ADS represents four Class A ordinary shares.The aggregate proceeds received by the Group from the IPO, net of issuance costs, were approximately RMB234,354. Upon completion of IPO, the 216,100,000 outstanding ordinary shares with par value of US$0.000000005 per share were split into 100,100,000 Class A ordinary shares and 116,000,000 Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to ten votes on all matters that are subject to shareholder vote. All classes of ordinary shares are entitled to the same dividend right. All of the Class B ordinary shares were held by the Founder of the Company.

For the years ended December 31, 2022 and 2023, the Group repurchased 5,994,368 and 5,329,848 Class A ordinary shares on the open market for an aggregate cash consideration of US$3,454 (RMB24,012) and US$7,060 (RMB50,438) respectively. The weighted average price of these shares repurchased was US$0.58 per share and US$1.32 per share respectively. As of December 31, 2023, 3,970,056 ordinary shares are considered not outstanding and therefore were accounted for under the cost method and included in such treasury stock as a component of the shareholder’s equity.

ACQUISITION - Additional Information (Detail) - CNY (¥) ¥ in Thousands		12 Months Ended
	Apr. 30, 2021	Dec. 31, 2021
Shanghai Bweenet Subsidiary
Business Acquisition [Line Items]
Equity ownership percent transferred	95.00%
Shanghai Bweenet
Business Acquisition [Line Items]
Equity interest consideration	¥ 95,000
Consideration transferred through cash	8,513
Business Combination, Consideration Transferred	¥ 86,487
Business acquisition, net revenue since acquisition date		¥ 26,837
Business acquisition, net loss since acquisition date		¥ 1,744

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable and Contract Assets
Financing Receivable, Past Due [Line Items]
Provision for credit loss	¥ 4,201

PREPAID EXPENSES AND OTHER CURRENT ASSETS - Summary of the allowance for credit losses (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of the year	¥ 0	¥ 0
Balance at end of the year	(7,207)	0	¥ 0
Loans Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of the year	(17,991)	(27,255)	(27,700)
Current year credit losses	(40,766)	(18,609)	(27,735)
Current year write off	29,133	27,665	9,087
Disposal of a subsidiary			18,236
Foreign currency exchange	23,257	208	857
Balance at end of the year	¥ (6,367)	¥ (17,991)	¥ (27,255)

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

DISPOSALS AND DISSOLUTION OF SUBSIDIARIES - Additional Information (Detail) $ in Thousands					1 Months Ended	12 Months Ended
	Dec. 29, 2021 CNY (¥)	Apr. 30, 2021 CNY (¥)	Jan. 05, 2021 MXN ($)	Jan. 05, 2021 CNY (¥)	Nov. 30, 2023 CNY (¥)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Aug. 31, 2019 CNY (¥)
Business Acquisition [Line Items]
Gain from de-recognition of other payable associated with disposal of Shanghai Caiyin					¥ 280,231,000
Shanghai Caiyin Asset Management Co Ltd
Business Acquisition [Line Items]
Purchase price for shares						¥ 75,646,000
Loans receivable waived off									¥ 1,973,613,000
Contingent amount							¥ 117,021,000	¥ 255,064,000	¥ 372,085,000
Shanghai Caiyin
Business Acquisition [Line Items]
Sale value of disposal group										¥ 1,078,686,000
Contingent consideration receivable										¥ 372,085,000
Disposal group, including discontinued operation, gain derived from release of contingent consideration payable							117,021,000	138,043,000
Disposal group accounts payable							¥ 188,300,000	322,028,000
Disposal group fixed payable								205,007,000
Disposal group contingent payable								¥ 117,021,000
Cash settlement payment						¥ 4,464,000
Aguila Information
Business Acquisition [Line Items]
Equity ownership percent transferred			6.00%	6.00%
Shanghai Bweenet Subsidiary
Business Acquisition [Line Items]
Equity ownership percent transferred		95.00%
Jiayin Finance
Business Acquisition [Line Items]
Purchase price for shares	¥ 93,343,000
Gain or loss recognized	¥ 0
Jiayin Finance \| Shanghai Bweenet Subsidiary
Business Acquisition [Line Items]
Equity ownership percent transferred	95.00%
Shanghai Bweenet
Business Acquisition [Line Items]
Purchase price for shares		¥ 86,487,000
Shanghai Zhundian Enterprise Service Co Ltd
Business Acquisition [Line Items]
Purchase price for shares	¥ 1,037,000
Gain or loss recognized	¥ 3,592,000
Shanghai Zhundian Enterprise Service Co Ltd \| Shanghai Zhundian Subsidiary
Business Acquisition [Line Items]
Equity ownership percent transferred	70.00%
Noble Fintech
Business Acquisition [Line Items]
Purchase price for shares \| $			$ 1
Gain or loss recognized				¥ 1,256,000
Noble Fintech \| Aguila Information
Business Acquisition [Line Items]
Equity ownership percent transferred			6.00%	6.00%
Shenzhen Rongxinbao
Business Acquisition [Line Items]
Equity Percent Acquired						100.00%
Purchase price for shares						¥ 391,870,000
Gain or loss recognized						2,012,000
Shenzhen Rongxinbao \| Shanghai Caiyin
Business Acquisition [Line Items]
Disposal consideration settled by accounts receivable						108,190,000
Fujian Zhuoqun
Business Acquisition [Line Items]
Purchase price for shares						316,224,000
Fujian Zhuoqun \| Shanghai Caiyin
Business Acquisition [Line Items]
Disposal consideration settled by accounts receivable						¥ 75,646,000

FINANCIAL STATEMENTS SCHEDULE I

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

FINANCIAL STATEMENTS SCHEDULE I

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS

(AMOUNT IN THOUSANDS)


	As of December 31,
	2022			2023
	RMB			RMB			US$
Assets
Current assets
Cash and cash equivalents		8,567			804			113
Amounts due from subsidiaries and VIEs		167,571			190,018			26,763
Prepaid expenses and other current assets		3,248			2,627			370
Total current assets		179,386			193,449			27,246
Investments in subsidiaries and VIEs		1,087,634			2,269,730			319,685
Total assets		1,267,020			2,463,179			346,931
Liabilities
Current Liabilities
Amounts due to subsidiaries and VIEs		13,458			55,763			7,854
Accrued expenses and other current liabilities		10,478			25,275			3,560
Total liabilities		23,936			81,038			11,414
Equity
Ordinary shares		—			—			—
Treasury stock		(9,262	)		(35,443	)		(4,992	)
Additional paid-in capital		870,562			901,932			127,034
Retained earnings		384,896			1,525,841			214,910
Accumulated other comprehensive loss		(3,112	)		(10,189	)		(1,435	)
Total equity		1,243,084			2,382,141			335,517
Total liabilities and equity		1,267,020			2,463,179			346,931

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF

COMPREHENSIVE INCOME

(AMOUNT IN THOUSANDS)


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$
Operating costs and expenses:
General and administrative		(6,979	)		(6,494	)		(4,546	)		(640	)
Total operating costs and expenses		(6,979	)		(6,494	)		(4,546	)		(640	)
Loss from operations		(6,979	)		(6,494	)		(4,546	)		(640	)
Interest (expense) income, net		(1	)		(76	)		1,098			155
Other expenses, net		(154	)		(13,445	)		—			—
Loss before income taxes and equity in subsidiaries and share of income from VIEs		(7,134	)		(20,015	)		(3,448	)		(485	)
Equity in earnings of subsidiaries and share of income from VIEs		479,220			1,199,673			1,301,067			183,251
Net income		472,086			1,179,658			1,297,619			182,766
Other comprehensive income, net of tax
Change in cumulative foreign currency translation adjustment		(5,137	)		14,842			(7,077	)		(997	)
Other comprehensive (loss) income		(5,137	)		14,842			(7,077	)		(997	)
Comprehensive income		466,949			1,194,500			1,290,542			181,769

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED STATEMENTS OF PARENT COMPANY CASH FLOW STATEMENTS

(AMOUNT IN THOUSANDS, EXCEPT FOR SHARE AND PER SHARE DATA


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$
Cash flows from operating activities
Net income		472,086			1,179,658			1,297,619			182,766
Adjustments to reconcile net income to net cash used in operating activities:
Share of income from subsidiaries and VIEs		(479,220	)		(1,199,673	)		(1,301,067	)		(183,251	)
Depreciation and amortization		2,597			2,293			1,698			239
Changes in operating assets and liabilities:
Amounts due from/to subsidiaries and VIEs		(5,994	)		(2,151	)		(18,223	)		(2,567	)
Prepaid expenses and other current assets		18			(2,680	)		5,831			820
Dividend distributed from shareholders		—			—			157,672			22,208
Accrued expenses and other current liabilities		(1,804	)		636			780			111
Net cash used in operating activities		(12,317	)		(21,917	)		144,310			20,326
Cash flows from financing activities
Proceeds from exercise of options		3,296			8,783			1,274			179
Repurchase of ordinary shares		—			—			(38,081	)		(5,364	)
Loans from subsidiaries and VIEs		—			—			38,081			5,364
Dividend distributed to shareholders		—			—			(156,674	)		(22,067	)
Net cash provided by (used in) financing activities		3,296			8,783			(155,400	)		(21,888	)
Effect of foreign exchange rate changes on cash and cash equivalents		(4,331	)		13,840			3,327			468
Net (decrease) increase in cash and cash equivalents		(13,352	)		706			(7,763	)		(1,094	)
Cash and cash equivalents at beginning of year		21,213			7,861			8,567			1,207
Cash and cash equivalents at end of the year		7,861			8,567			804			113

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

NOTES TO SCHEDULE I

Schedule I has been provided pursuant to the requirements of Rule 12-04(a) and 5-04(c) of Regulation S-X, which require condensed financial information as to the financial position, changes in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year.

As disclosed in Note 1 to the consolidated financial statements, the Company was incorporated on December 21, 2017 in the Cayman Islands to be the holding company of the Group. The Company undertook a series of transactions to redomicile its business from PRC to the Cayman Islands. The Company has presented Schedule I as if Cayman Islands parent company has been incorporated on January 1, 2017.

The condensed financial information has been prepared using the same accounting policies as set out in the consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries and VIEs. The Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC Topic 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the Condensed Balance Sheets as “Investment in subsidiaries and VIEs” and share of their earnings as “Equity in earnings of subsidiaries and VIEs” on the Condensed Statements of Comprehensive Income.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The footnote disclosure certain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the accompanying Consolidated Financial Statements.

As of December 31, 2022 and 2023, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of redeemable stocks or guarantees of the Company.

Translations of balances in the additional financial information of Parent Company- Financial Statements Schedule I from RMB into US$ as of and for the year ended December 31, 2023 are solely for the convenience of the readers and were calculated at the rate of US$1.00= RMB7.0999, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on December 29, 2023. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate or at any other rate.

PROPERTY AND EQUIPMENT, NET - Summary of property and equipment, net (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Property Plant And Equipment [Line Items]
Total costs	¥ 125,109		¥ 94,742
Less: accumulated depreciation and amortization	(84,777)		(75,842)
Property and equipment, net	40,332	$ 5,681	18,900
Leasehold improvement
Property Plant And Equipment [Line Items]
Total costs	8,093		8,093
Motor vehicles
Property Plant And Equipment [Line Items]
Total costs	4,103		3,038
Electronic equipment
Property Plant And Equipment [Line Items]
Total costs	103,599		74,360
Office equipment & furniture
Property Plant And Equipment [Line Items]
Total costs	7,907		7,844
Software
Property Plant And Equipment [Line Items]
Total costs	¥ 1,407		¥ 1,407

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of property and equipment, net

Property and equipment, net consisted of the followings:


	As of December 31,
	2022			2023
	RMB			RMB
Leasehold improvement		8,093			8,093
Motor vehicles		3,038			4,103
Electronic equipment		74,360			103,599
Office equipment & furniture		7,844			7,907
Software		1,407			1,407
Total costs		94,742			125,109
Less: accumulated depreciation and amortization		(75,842	)		(84,777	)
Property and equipment, net		18,900			40,332

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Summary of accounts receivable

Accounts receivable consists of the following:


	As of December 31,
	2022			2023
	RMB			RMB
Accounts receivable:
Accounts receivable		1,313,288			1,645,005
Less: allowance for credit losses		(2,539	)		(13,752	)
Total accounts receivable		1,310,749			1,631,253

Summary of movement of allowance for uncollectible accounts receivables

The movement of allowance for uncollectible accounts receivable for the years ended December 31, 2021, 2022 and 2023 are as follows:


	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Balance at the beginning of the year		—		—		2,539
Current year credit losses		—		2,539		13,752
Current year write off		—		—		(2,539	)
Balance at end of the year		—		2,539		13,752

Summary of Contract Assets

Contract assets consists of the following:


	As of December 31,
	2022		2023
	RMB		RMB
Contract assets		421,469		476,493
Less: Allowance for credit losses		—		(4,201	)
Contract assets, net		421,469		472,292

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Accrued Liabilities and Other Liabilities [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the followings:


	As of December 31,
	2022		2023
	RMB		RMB
Deposits*		287,001		309,832
Accrued expenses		254,943		313,041
Deferred tax liabilities		—		40,115
Others		30,191		57,550
		572,135		720,538

*The balances represent deposits held by the Group related to the back-to-back guarantee service from the third-party asset management company.

INCOME TAXES

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

10.

INCOME TAXES

Income (loss) by tax jurisdictions:


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Income from Mainland China operations		607,482			1,393,173			1,631,882
(Loss) from non-Mainland China operations		(21,648	)		(65,483	)		(84,700	)
Income before income taxes and share of gain (loss) from equity method investments		585,834			1,327,690			1,547,182

Income tax expense consists of the following:


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Current income tax expense:		141,578			177,720			207,567
Deferred income tax (benefit) expense:		(15,854	)		(22,322	)		40,049
Total income tax expense		125,724			155,398			247,616

Cayman Islands

Jiayin Group Inc. is incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, Jiayin Group Inc. is not subject to income or capital gains taxes. In addition, dividend payments are not subject to withholdings tax in the Cayman Islands.

Hong Kong

The Company subsidiary, Geerong (HK) Limited, is located in Hong Kong. The first 2.0 million Hong Kong dollars of profits it earned are subject to be taxed at an income tax rate at 8.25%, while the remaining profits will continue to be taxed at the existing tax rate, 16.5%. Additionally, payments of dividends by the subsidiary incorporated in Hong Kong to the Company are not subject to any Hong Kong withholding tax. No income tax provision has been made in the consolidated financial statements as it has no assessable income for the years ended December 31, 2021, 2022 and 2023, respectively.

10.

INCOME TAXES – continued

PRC

Under the Law of the People’s Republic of China on Enterprise Income Tax (“EIT Law”), the Group’s subsidiaries and VIEs incorporated in the PRC are subject to statutory rate of 25%. High-technology enterprises may obtain a preferential tax rate of 15% provided they meet the related criteria. An enterprise’s qualification as a “high and new technology enterprise” (“HNTE”) is reassessed by the relevant PRC governmental authorities every three years. Geerong Yunke Information Technology Co., Ltd. and Jiayin Shuke Information Technology Co., Ltd. was entitled for a preferential income tax rate of 15% from 2022 to 2024 as they are qualified as HNTE. Shanghai Chuangzhen Software Co., Ltd. has been qualified as an eligible software enterprise. As a result of this qualification, it is entitled to a tax holiday of a full exemption for year 2020 and 2021 in which its taxable income is greater than zero, followed by a three-year 50% exemption. From 2022, Guangxi Chuangzhen Information Technology Co., Ltd. benefits from a preferential tax rate of 15% as it falls within the encouraged industries catalogue in western China. From 2023, Hainan Yinke Financing Guarantee Co., Ltd. benefits from a preferential tax rate of 15% as they are registered in Hainan and engaged in encouraged business activities.

Mexico

Aguila Information incorporated in Mexico was subject to corporate income tax at 30%. On January 5, 2021, Aguila Information was deconsolidated by the Group (see Note 6).

Indonesia

The Group’s subsidiary incorporated in Indonesia is subject to Indonesia Income (“CIT”) law. In accordance with the CIT law, an Indonesian resident is subject to worldwide income tax. Corporate income tax is calculated based on corporate taxable income (income less deductible expenses / expenses after fiscal adjustment), and the applicable CIT rate is 25%. Based on Government Regulation No.1 Year 2020 Jo No.30 Year 2020, Corporate Income Tax was adjusted from 22% to 20% for fiscal year 2021 and 2022, and next is adjusted to 22% for fiscal year 2023.

Nigeria

The Group’s subsidiary incorporated in Nigeria is subject to Nigerian Company Income Tax (“NCIT”) law. In accordance with the NCIT law, a Nigerian Company is subject to worldwide income tax. Corporate income tax is calculated based on corporate taxable income (income less deductible expenses / expenses after fiscal adjustment), and the applicable NCIT rate is 30%.

The following table sets forth the significant components of the deferred tax assets and deferred tax liabilities:


	As of December 31,
	2022			2023
	RMB			RMB
Deferred tax assets
Accrued expenses and payroll and welfare payables		52,628			43,423
Property, plant and equipment		—			95
Unrealized exchange difference		87			4,191
Allowance for uncollectible receivables, contract assets, loans receivable and others		56,436			9,240
Net loss carryforward		23,514			20,295
Liabilities related to customer incentive		11,435			—
Gross deferred tax assets		144,100			77,244
Valuation allowances		(73,189	)		(16,070	)
Net deferred tax assets		70,911			61,174
Deferred tax liabilities
Property, plant and equipment		(133	)		—
Total deferred tax liabilities		(133	)		—
Deferred tax assets, net		70,778			61,174


	As of December 31,
	2022		2023
	RMB		RMB
Deferred tax liabilities Dividend withholding tax		—		40,115

10.

INCOME TAXES – continued

Deferred tax assets and liabilities have been offset where the Group has a legally enforceable right to do so, and intends to settle on a net basis. The deferred tax liabilities were recorded in accrued expenses and other current liabilities on the consolidated balance sheets.

Changes in valuation allowance are as follows:


	Year Ended December 31,
	2022			2023
	RMB			RMB
Balance at beginning of the year		(68,932	)		(73,189	)
Additions		(4,880	)		(4,676	)
Reversals		623			5
Disposal of subsidiaries		—			61,790
Balance at end of the year		(73,189	)		(16,070	)

The Group assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. The ultimate realization of deferred tax assets is dependent upon its ability to generate sufficient future taxable income within the carry-forward periods provided for in the tax law and during the periods in which the temporary differences become deductible. When assessing the realization of deferred tax assets, the Group has considered possible sources of taxable income including (i) future reversals of existing taxable temporary differences, (ii) future taxable income exclusive of reversing temporary differences and carry-forwards, (iii) future taxable income arising from implementing tax planning strategies, and (iv) specific known trend of profits expected to be reflected within the industry. On the basis of this evaluation, valuation allowances of RMB73,189, and RMB16,070 have been established for deferred tax assets as of December 31, 2022 and 2023 respectively, based on a more likely than not threshold due to accumulated loss and uncertainty of sufficient profit generated in future years for certain subsidiaries within the Group. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carry forwards period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth.

At December 31, 2023, tax loss carry-forward amounted to RMB60,961, and would expire in calendar year 2026 to 2028 if not utilized, while tax loss of RMB49,996 can be carried forward indefinitely. The Group operates its business through its subsidiaries and VIEs. The Group does not file consolidated tax returns, therefore, losses from individual subsidiaries or the VIEs may not be used to offset other subsidiaries’ or VIEs’ earnings within the Group.

Under U.S. GAAP, undistributed earnings are presumed to be transferred to the Company and are subject to the withholding taxes. Prior December 31, 2022, as the Group had the intent and ability to indefinitely reinvest the PRC subsidiaries’ accumulated profits for expansion of its PRC business, no withholding tax was recorded for those accumulated profits. In March 2023, the Group decided to remit certain percentage of the annual profits of its PRC subsidiaries to their overseas parent company for dividend distribution purposes. The Group accrued withholding tax liabilities of RMB40,115 for dividends distributed from PRC subsidiaries based on applicable withholding tax rate for certain percentage of the PRC subsidiaries’ profits to be distributed in 2023. The remaining undistributed earnings of the Group’s PRC subsidiaries with amount of RMB 1,819,023 as of December 31, 2023 would be indefinitely reinvested.

A deferred tax liability should be recorded for taxable temporary differences attributable to the excess of financial reporting amounts over tax basis amounts, including those differences attributable to a more than 50% interest in a domestic subsidiary. However, recognition is not required in situations where the tax law provides a means by which the reported amount of that investment can be recovered tax-free and the enterprise expects that it will ultimately use that means. the Group does not accrue deferred tax liabilities on the earnings of the VIEs given that the Group’s VIEs had accumulated deficits as of December 31, 2022 and 2023.

10.

INCOME TAXES – continued

Reconciliations of the differences between PRC statutory income tax rate and the Group’s effective income tax rate for the years ended December 31, 2021, 2022 and 2023 are as follows:


	Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Statutory income tax rate		25.00	%		25.00	%		25.00	%
Non-taxable income		(0.28	)%		(0.71	)%		0.00	%
Reversal of deferred tax liabilities*		(9.75	)%		—			—
Non-deductible expense		0.81	%		1.23	%		2.09	%
Disposal of subsidiaries		(0.25	)%		—			(4.50	)%
Research and Development expense super deduction		(0.81	)%		(2.09	)%		(4.13	)%
Effect of tax holiday		(4.74	)%		(10.99	)%		(7.05	)%
Different tax rate of entities operating in other jurisdiction		0.28	%		0.55	%		0.03	%
Valuation allowance		11.09	%		0.32	%		0.30	%
Withholding tax		—			—			5.34	%
True up		(0.17	)%		(1.68	)%		(1.05	)%
Effective tax rate		21.18	%		11.63	%		16.03	%

* The collection of revenue related to the legacy P2P lending business was not expected, which led to a reversal of the related deferred tax liability for uncollected revenue.

The effect of the tax holiday on the income per share is as follows:


	Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Tax saving amount due to HNTE status, software enterprise and other jurisdiction		26,441		139,441		108,922
Income per share effect-basic and diluted		0.12		0.65		0.51

A reconciliation of the beginning and ending amount of total unrecognized tax benefits for the years ended December 31, 2022 and 2023 is as follows:


	Year Ended December 31,
	2022		2023
	RMB		RMB
Balance at beginning of the year		211,064		240,319
Increase related to current year tax positions		29,255		—
Release related to de-recognition of liabilities		—		(240,319	)
Balance at end of the year		240,319		—

The amount of unrecognized tax benefit that if recognized would affect the effective tax rate as of December 31, 2022 and 2023 was RMB240,319 and nil respectively, which were included in tax payables balance. During the year ended December 31, 2023, the unrecognized tax benefit was fully released upon the de-recognition of liabilities (see Note 8).

The Group recognizes interest expenses and penalty charges related to uncertain tax positions as necessary in the provision for income taxes. For the years ended December 31, 2021, 2022 and 2023, no interest expense or penalty was accrued in relation to the unrecognized tax benefit. The Group has a liability for accrued interest of nil and nil as of December 31, 2022 and 2023, respectively.

ASC 740 states that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. The Group record unrecognized tax benefits as liabilities in accordance with ASC 740 and adjust these liabilities when the Group’s judgment changes as a result of the evaluation of new information not previously available. However, due to the uncertain and complex application of tax regulations, it is possible that the ultimate resolution of uncertain tax positions may result in liabilities which could be materially different from these estimates. In such an event, the Group will record additional tax expense or tax benefit in the period in which such resolution occurs.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

SHARE-BASED COMPENSATION - Summary of share-based compensation expenses (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-Based Payment Arrangement, Noncash Expense	¥ 54,353	$ 7,655	¥ 42,548	¥ 15,186
Facilitation and servicing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-Based Payment Arrangement, Noncash Expense	4,921		2,408	3,159
General and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-Based Payment Arrangement, Noncash Expense	31,464		33,740	5,021
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-Based Payment Arrangement, Noncash Expense	6,823		6,038	5,461
Sales and marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-Based Payment Arrangement, Noncash Expense	¥ 11,145		¥ 362	¥ 1,545

INCOME TAXES - Summary of total unrecognized tax benefits (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Total unrecognized tax benefits, beginning balance	¥ 240,319	¥ 211,064
Increase related to current year tax positions		29,255
Release related to de-recognition of liabilities	(240,319)
Total unrecognized tax benefits, ending balance	¥ 0	¥ 240,319

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥) ¥ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares
Net revenue (including revenue from related parties of RMB 34,619, RMB 6,567 and nil for 2021, 2022 and 2023, respectively)	¥ 5,466,873	$ 769,993	¥ 3,271,414	¥ 1,780,490
Operating costs and expenses:
Facilitation and servicing	(2,011,553)	(283,321)	(565,227)	(320,466)
Other cost of sales \| ¥				(15,467)
Sales and marketing	(1,538,913)	(216,751)	(1,081,382)	(659,291)
General and administrative	(214,856)	(30,262)	(194,039)	(165,150)
Research and development	(296,317)	(41,735)	(216,694)	(143,733)
Allowance for uncollectible receivables, contract assets, loans receivable and others	(72,764)	(10,249)	(32,053)	(44,427)
Total operating costs and expenses	(4,134,403)	(582,318)	(2,089,395)	(1,348,534)
Income from operations	1,332,470	187,675	1,182,019	431,956
Gain from de-recognition of liabilities	280,231	39,469	117,021	138,043
Loss from disposal of subsidiaries	(2,012)	(283)		(2,363)
Impairment of long-term investments	(91,236)	(12,850)	(15,078)
Interest (expense) income, net	12,895	1,816	281	(1,117)
Other income, net	14,834	2,089	43,447	16,952
Income before income taxes and share of gain from equity method investments	1,547,182	217,916	1,327,690	585,834
Income tax expense	(247,616)	(34,876)	(155,398)	(125,724)
Share of gain (loss) from equity method investments	(1,990)	(280)	7,940	7,651
Net income	1,297,576	182,760	1,180,232	467,761
Net loss attributable to non-controlling interest	(43)	(6)	574	(4,325)
Net income attributable to Jiayin Group Inc.	¥ 1,297,619	$ 182,766	¥ 1,179,658	¥ 472,086
Net income per share:
Basic net income per share \| (per share)	¥ 6.06	$ 0.85	¥ 5.48	¥ 2.18
Diluted net income per share \| (per share)	¥ 6.06	$ 0.85	¥ 5.48	¥ 2.18
Weighted average shares used in calculating net income per share:
- Basic	213,996,233	213,996,233	215,259,640	216,100,000
- Diluted	213,996,233	213,996,233	215,259,640	216,100,000
Net income	¥ 1,297,576	$ 182,760	¥ 1,180,232	¥ 467,761
Other comprehensive income, net of tax of nil
Foreign currency translation adjustments	(7,133)	(1,005)	14,802	(5,229)
Comprehensive income	1,290,443	181,755	1,195,034	462,532
Comprehensive (loss) income attributable to non-controlling interests	(99)	(14)	534	(4,417)
Comprehensive income	¥ 1,290,542	$ 181,769	¥ 1,194,500	¥ 466,949

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

Summary of transactions with and amounts due from and due to related parties

The Group entered into the following significant transactions with its related parties:


Nature of transactions	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Services provided by related parties:
Jiayin Zhuoyue (1)		77,048		122,946		115,538
Shanghai Jiayin (2)		—		12,474		2,536
Total		77,048		135,420		118,074
Services provided to related parties
Aguila Information (3)		34,619		6,567		—
Total		34,619		6,567		—


Nature of transactions	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Loans to related parties:
Jiayin Financial Leasing (4)		70,000		—		—
Massnet Microcredit (5)		54,000		—		—
Shanghai Jiayin (6)		47,840		35,000		—
GAYANG (7)		31,306		17,243		—
Aguila Information (8)		—		4,173		—
Keen Best (9)		—		—		13,904
Subsidiary shareholder		—		—		2
Total		203,146		56,416		13,906
Loans from related parties
Shanghai Jiayin (6)		15,000		—		—
Total		15,000		—		—

16.

RELATED PARTY TRANSACTIONS - continued

(1)

Jiayin Zhuoyue refers investors to the Group and charged referral service fees.

(2)

Shanghai Jiayin rented office space to the Group and charged other related service fee, which is calculated dependent on its usage of the underlying office space from April 2022 with lease period of 12 months.

(3)

The Group provides business and operational support services to Aguila Information and charged corresponding service fees. On January 5, 2021. Aguila Information was deconsolidated by the Group and deemed as our related party (see Note 6).

(4)

The amounts represent non-interest bearing loans to related parties in 2021 for the daily operation, which were fully collected in 2021.

(5)

The Group provided non-interest bearing loan of RMB54 million to Massnet Microcredit, which was fully collected in May, 2021.

(6)

The amount represents loans that were non-interest bearing, unsecured, and due on demand, and were fully collected as of December 31, 2021 and 2022.

(7)

The amount represents loans to GAYANG in 2021 and 2022. In 2021, the loans comprise non-interest bearing loan of RMB20,664 and interest bearing loan with principal of RMB10,642 and fixed annual interest rate of 8%. In 2021, RMB11,471 of non-interest bearing loan has been collected and RMB171 interest has been accrued. In 2022, the amount represents interest bearing loan with principal of RMB17,243 and fixed interest rate of 8% after a three-months free of interest duration. In 2022, RMB9,193 of non-interest bearing loan and RMB1,408 of interest bearing loan has been collected and RMB638 interest has been accrued. In 2023, RMB17,302 of non-interest bearing loan has been collected.

(8)

The amount represents non-interest bearing loans to Aguila Information in 2022, which were fully collected as of December 31, 2022.

(9)

The amount represents non-interest bearing loans to Keen Best in May 2023, which have been fully collected as of December 31, 2023.

16.

RELATED PARTY TRANSACTIONS - continued

The following table present amounts due from and due to related parties as of December 31, 2022 and 2023:


	As of December 31,
	2022		2023
	RMB		RMB
Amounts due from related parties
GAYANG*		17,243		—
Shanghai Jiayin*		500		500
Subsidiary shareholder*		7		9
Total		17,750		509
Amounts due to related parties
Jiayin Zhuoyue**		408		11,325
Shanghai Jiayin**		158		—
Total		566		11,325

*The amounts represented outstanding loans receivable from related parties.

**The amounts represented unsettled service fees for services provided by related parties.

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET - Summary of movement of allowance for uncollectible accounts receivables (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Balance at the beginning of the year	¥ 2,539
Current year credit losses	13,752	¥ 2,539
Current year write off	(2,539)
Balance at end of the year	¥ 13,752	¥ 2,539

ACQUISITION

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

ACQUISITION

On April 30, 2021, the Group acquired 95% equity interests in Shanghai Bweenet for a total consideration of RMB95,000. Such consideration is transferred through cash of RMB8,513 to certain original shareholders and a series of capital injection amounting to RMB86,487 into Shanghai Bweenet during 2021. As a result of above acquisition, the Group was expected to diversify its business portfolio.

The acquisition of Shanghai Bweenet had been accounted for as a business combination and the results of operations of Shanghai Bweenet have been included in the Group’s financial statements from the acquisition date. The Group made estimates and judgments in determining the fair value of acquired assets and liabilities, based on an independent valuation report and management’s experiences with similar assets and liabilities.

The allocation of the purchase price is as follows:


	Amount
	RMB
Cash and cash equivalents		1,145
Accounts receivable		39,952
Inventories		38,590
Prepaid expenses and other current assets		37,474
Short-term loan		(4,000	)
Accounts payable		(12,994	)
Payroll and welfare payables		(337	)
Tax payables		3,600
Accrued expenses and other current liabilities		(3,430	)
Noncontrolling interests		(5,000	)
Total Consideration		95,000

Shanghai Bweenet’s net revenue and net loss, included in the Group’s consolidated statements of operations and comprehensive income, for the year ended December 31, 2021 are RMB26,837 and RMB1,744 since the acquisition date.

Prior to the acquisition, Shanghai Bweenet did not prepare its financial statements in accordance with US GAAP. The Group determined that the cost of reconstructing the financial statement of Shanghai Bweenet for the periods prior to the acquisition outweighed the benefits. Based on an assessment of the financial performance and a comparison of Shanghai Bweenet’s and the Group’s financial performance for the fiscal year prior to the acquisition, the Group did not consider Shanghai Bweenet on its own to be material to the Group. Thus, the Group’s management decided not to present such pro forma financial information with respect to the results of operations of the Group for the business combination.

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Summary of income (loss) by tax jurisdictions

Income (loss) by tax jurisdictions:


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Income from Mainland China operations		607,482			1,393,173			1,631,882
(Loss) from non-Mainland China operations		(21,648	)		(65,483	)		(84,700	)
Income before income taxes and share of gain (loss) from equity method investments		585,834			1,327,690			1,547,182

Summary of income tax expense

Income tax expense consists of the following:


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Current income tax expense:		141,578			177,720			207,567
Deferred income tax (benefit) expense:		(15,854	)		(22,322	)		40,049
Total income tax expense		125,724			155,398			247,616

Summary of significant components of deferred tax assets and deferred tax liabilities

The following table sets forth the significant components of the deferred tax assets and deferred tax liabilities:


	As of December 31,
	2022			2023
	RMB			RMB
Deferred tax assets
Accrued expenses and payroll and welfare payables		52,628			43,423
Property, plant and equipment		—			95
Unrealized exchange difference		87			4,191
Allowance for uncollectible receivables, contract assets, loans receivable and others		56,436			9,240
Net loss carryforward		23,514			20,295
Liabilities related to customer incentive		11,435			—
Gross deferred tax assets		144,100			77,244
Valuation allowances		(73,189	)		(16,070	)
Net deferred tax assets		70,911			61,174
Deferred tax liabilities
Property, plant and equipment		(133	)		—
Total deferred tax liabilities		(133	)		—
Deferred tax assets, net		70,778			61,174


	As of December 31,
	2022		2023
	RMB		RMB
Deferred tax liabilities Dividend withholding tax		—		40,115

Summary of changes in valuation allowance

Changes in valuation allowance are as follows:


	Year Ended December 31,
	2022			2023
	RMB			RMB
Balance at beginning of the year		(68,932	)		(73,189	)
Additions		(4,880	)		(4,676	)
Reversals		623			5
Disposal of subsidiaries		—			61,790
Balance at end of the year		(73,189	)		(16,070	)

Summary of reconciliations of differences between PRC statutory income tax rate and group's effective income tax rate

Reconciliations of the differences between PRC statutory income tax rate and the Group’s effective income tax rate for the years ended December 31, 2021, 2022 and 2023 are as follows:


	Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Statutory income tax rate		25.00	%		25.00	%		25.00	%
Non-taxable income		(0.28	)%		(0.71	)%		0.00	%
Reversal of deferred tax liabilities*		(9.75	)%		—			—
Non-deductible expense		0.81	%		1.23	%		2.09	%
Disposal of subsidiaries		(0.25	)%		—			(4.50	)%
Research and Development expense super deduction		(0.81	)%		(2.09	)%		(4.13	)%
Effect of tax holiday		(4.74	)%		(10.99	)%		(7.05	)%
Different tax rate of entities operating in other jurisdiction		0.28	%		0.55	%		0.03	%
Valuation allowance		11.09	%		0.32	%		0.30	%
Withholding tax		—			—			5.34	%
True up		(0.17	)%		(1.68	)%		(1.05	)%
Effective tax rate		21.18	%		11.63	%		16.03	%

* The collection of revenue related to the legacy P2P lending business was not expected, which led to a reversal of the related deferred tax liability for uncollected revenue.

Summary of effect of tax holiday

The effect of the tax holiday on the income per share is as follows:


	Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Tax saving amount due to HNTE status, software enterprise and other jurisdiction		26,441		139,441		108,922
Income per share effect-basic and diluted		0.12		0.65		0.51

Summary of total unrecognized tax benefits

A reconciliation of the beginning and ending amount of total unrecognized tax benefits for the years ended December 31, 2022 and 2023 is as follows:


	Year Ended December 31,
	2022		2023
	RMB		RMB
Balance at beginning of the year		211,064		240,319
Increase related to current year tax positions		29,255		—
Release related to de-recognition of liabilities		—		(240,319	)
Balance at end of the year		240,319		—

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Cash flows from operating activities
Net income for the years	¥ 1,297,576	$ 182,760	¥ 1,180,232	¥ 467,761
Adjustments to reconcile net income to net cash flows from operating activities:
Allowance for uncollectible receivables, contract assets, loans receivable and others	72,764	10,249	32,053	44,427
Share-based compensation	54,353	7,655	42,548	15,186
Depreciation and amortization	9,461	1,333	9,961	15,674
Non-cash lease expenses	21,033	2,962
Loss (Gain) from disposal of property, equipment and software	(191)	(27)		16
Share of (gain) loss in equity method investments	1,990	280	(7,940)	(7,651)
Impairment of long-term investments	91,236	12,850	15,078
Gain from de-recognition of liabilities	(280,231)	(39,469)	(117,021)	(138,043)
Loss from disposal of subsidiaries	2,012	283		2,363
Net loss of a subsidiary which was both acquired and disposed off during the year				1,744
Changes in operating assets and liabilities:
Accounts receivable and contract assets	(497,470)	(70,067)	(1,232,326)	(344,388)
Financial assets receivable	(917,775)	(129,266)	(292,342)
Prepaid expenses and other current assets	(1,890,443)	(266,264)	(456,221)	(15,503)
Amount due from/to related parties	10,759	1,515	12,437	(35,245)
Deferred tax assets	(66)	(9)	(22,322)	(12,943)
Other non-current assets	(504)	(71)	(516)	(1,242)
Right-of-use assets			7,903	(30,871)
Deferred guarantee income	821,644	115,726	276,518
Contingent guarantee liabilities	933,947	131,544
Payroll and welfare payables	17,695	2,492	25,502	(2,185)
Tax payables	219,348	30,895	223,762	138,296
Accrued expenses and other current liabilities	445,045	62,684	444,064	54,898
Lease liabilities	(22,595)	(3,182)	(7,778)	32,246
Net cash provided by operating activities	389,588	54,873	133,592	184,540
Cash flows from investing activities
Purchase of property, equipment and software	(31,542)	(4,443)	(17,468)	(2,768)
Disposal of property, equipment and software	840	118		11
Disposal of subsidiaries, net of cash disposed of RMB16,043, nil and RMB68,747	(68,747)	(9,683)		(16,043)
Acquisition of long-term investments	(77,533)	(10,920)
Acquisition of a subsidiary (including capital contribution of RMB86,487 to the subsidiary which was acquired and disposed off during the year)				(95,000)
Investment in loans receivable, net	53,803	7,578
Loans to related parties	(13,904)	(1,958)	(56,416)	(203,146)
Repayments from related parties	31,233	4,399	50,935	190,724
Net cash provided by investing activities	(105,850)	(14,909)	(22,949)	(126,222)
Cash flows from financing activities
Loans from related parties				15,000
Repayment of loans from related parties				(15,000)
Dividend distributed to shareholders	(156,674)	(22,067)		2,586
Repurchase of ordinary shares	(38,081)	(5,364)	(14,750)
Proceeds from exercise of options	1,274	179	2,184	7,352
Net cash provided by (used in) financing activities	(193,481)	(27,252)	(12,566)	9,938
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(10,670)	(1,502)	10,397	(3,009)
Net change in cash, cash equivalents and restricted cash	79,587	11,210	108,474	65,247
Cash, cash equivalents and restricted cash at beginning of the year	293,041	41,274	184,567	119,320
Cash, cash equivalents and restricted cash at end of the year	372,628	52,484	293,041	184,567
Supplemental disclosure of cash flow information:
Income taxes paid, net	40,895	5,760	1,900	6,614
Supplemental disclosure of non-cash investing and financing activities:
Disposal consideration settled by other payable related to the disposal of Shanghai Caiyin (see Note 10)	75,646	10,655		94,380
Disposal consideration settled by accounts receivable (see Note 8)	108,190	15,238
Non-cash right-of-use assets in exchange for new lease liabilities (see Note 14)	46,954	6,613	12,655	47,101
Disposal consideration settled by service fee collected on behalf of Fujian Zhuoqun (see Note 8)	316,224	44,539
Paybles for share repurchase (see Note 11)	21,619	3,045	9,262
Reconciliation to amounts on consolidated balance sheets
Cash and cash equivalents	370,193	52,141	291,018	182,551
Restricted cash	¥ 2,435	$ 343	¥ 2,023	¥ 2,016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of obligation with guarantee liability (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Guarantee Liability, Opening balances	¥ 276,518
Fair value of guarantee liabilities at inception of new loans	2,296,882	¥ 326,086
Release of guarantee liabilities	(1,475,238)	(49,568)
Disposal of subsidiary	(211,300)
Guarantee Liability, Ending balances	¥ 886,862	¥ 276,518

LEASES

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

14.

LEASES

Operating lease assets primarily represents various facilities under non-cancellable operating leases expiring within one to three years. Lease costs are included in facilitation and servicing expenses, sales and marketing expenses, general and administrative expenses, and research and development expenses, depending on the use of the underlying asset. Operating lease expenses (including fixed lease cost and short-term lease cost) were RMB17,892, RMB29,229 and RMB25,073 for the years ended December 31, 2021, 2022 and 2023, respectively. Total lease expense related to short-term leases was 109, 7,158 and 4,040 for the years ended December 31, 2021, 2022 and 2023, respectively.

Supplemental consolidated balance sheet information related to leases was as follows:


	As of December 31,
	2022			2023
Operating leases:	RMB			RMB
Operating leases right-of-use assets		27,604			49,659
Current portion of lease liabilities		24,986			15,570
Non-current portion of lease liabilities		2,479			32,388
Total operating lease liabilities		27,465			47,958
Weighted average remaining lease term (in years)		1.2			2.9
Weighted average discount rate		4.75	%		4.22	%

Supplemental cash flow information related to leases for the years ended December 31, 2022 and 2023 is as follows:


	For the year ended December 31,
	2022		2023
	RMB		RMB
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases		21,977		22,595
Non-cash right-of-use assets in exchange for new lease liabilities:
Operating leases		12,655		46,954

Maturities of lease payments by year and in the aggregate, under non-cancellable operating leases with terms in excess of one year as of December 31, 2023 are as follows:


	RMB
2024		16,951
2025		16,215
2026 and thereafter		17,689
Total lease payment		50,855
Less imputed interest		(2,897	)
Total		47,958

ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of principal subsidiaries and VIEs

As of December 31, 2023 the Company’s significant subsidiaries and its consolidated VIEs are as follows:


Name	Date of incorporation/ establishment or acquisition	Place of incorporation/ establishment	Percentage of direct or indirect ownership	Principal activities
Subsidiaries
Jiayin Holdings Limited	January 2018	BVI	100%	Investment Holding
Geerong (HK) Limited (formerly known as “Jiayin (HK) Limited”)	January 2018	Hong Kong	100%	Investment Holding
Jiayin Southeast Asia Holdings Limited	February 2018	BVI	100%	Investment Holding
Shanghai Kunjia Technology Co., Ltd. (“Shanghai Kunjia”)*	June 2018	Shanghai	100%	Investment Holding
Geerong Yunke Information Technology Co., Ltd.	July 2019	Shanghai	100%	Technology development and consumer finance services
Geerong Yun (Shanghai) Technology Development Co., Ltd. (formerly known as “Geerong Yun (Shanghai) Enterprise Development Co., Ltd.”)	September 2019	Shanghai	100%	Technology development and consumer finance services
Shanghai Chuangzhen Software Co., Ltd.	April 2020	Shanghai	100%	Technology service
Hainan Yinke Financing Guarantee Co., Ltd.	August 2021	Hainan	100%	Guarantee service

VIEs
Shanghai Jiayin Technology Co., Ltd. ("Jiayin Technology", formerly known as "Shanghai Jiayin Finance Technology Co., Ltd.")	June 2015	Shanghai	*	Technology service
Shanghai Jiajie Internet Information Services Co., Ltd. (formerly known as "Shanghai Jiajie Finance Information Services Co., Ltd.")	July 2019	Shanghai	*	Technology development and consumer finance services
Jiayin Shuke Information Technology Co., Ltd.	January 2021	Shanghai	*	Technology service
Guangxi Chuangzhen Information Technology Co., Ltd.	January 2022	Guangxi	*	Technology service

INCOME TAXES - Summary of income (loss) by tax jurisdictions (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Income Tax Disclosure [Abstract]
Income from Mainland China operations	¥ 1,631,882		¥ 1,393,173	¥ 607,482
(Loss) from non-Mainland China operations	(84,700)		(65,483)	(21,648)
Income before income taxes and share of gain from equity method investments	¥ 1,547,182	$ 217,916	¥ 1,327,690	¥ 585,834

LEASES - Summary of cash flow information related to leases (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	¥ 22,595		¥ 21,977
Non-cash right-of-use assets in exchange for new lease liabilities:
Non-cash right-of-use assets in exchange for new lease liabilities (see Note 14)	¥ 46,954	$ 6,613	¥ 12,655	¥ 47,101

INCOME PER SHARE

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

INCOME PER SHARE

12.

INCOME PER SHARE

The following table sets forth the computation of basic and diluted net income per share attribute to ordinary shareholders:


	Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Net income attributable to ordinary shareholders – basic and diluted		472,086		1,179,658		1,297,619
Weighted average number of ordinary shares outstanding – basic and diluted		216,100,000		215,259,640		213,996,233
Basic and diluted net income per share		2.18		5.48		6.06

As economic rights and obligations are applied equally to both Class A and Class B ordinary shares, earnings are allocated between the two classes of ordinary shares evenly with the same allocation on a per share basis.

The Group does not have shares with a dilutive effect for the years ended December 31, 2021, 2022 and 2023.

ORGANIZATION AND PRINCIPAL ACTIVITIES

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND PRINCIPAL ACTIVITIES

Jiayin Group Inc. (the “Company”) is an exempted company incorporated with limited liabilities in the Cayman Islands under the laws of the Cayman Islands in December 2017.

The Company, its consolidated subsidiaries and the consolidated variable interest entities (“VIEs”) (collectively referred to as the “Group”) provide online consumer finance service in the People’s Republic of China (“PRC”) by connecting institutional funding partners with borrowers through a proprietary internet platform.

As of December 31, 2023 the Company’s significant subsidiaries and its consolidated VIEs are as follows:


Name	Date of incorporation/ establishment or acquisition	Place of incorporation/ establishment	Percentage of direct or indirect ownership	Principal activities
Subsidiaries
Jiayin Holdings Limited	January 2018	BVI	100%	Investment Holding
Geerong (HK) Limited (formerly known as “Jiayin (HK) Limited”)	January 2018	Hong Kong	100%	Investment Holding
Jiayin Southeast Asia Holdings Limited	February 2018	BVI	100%	Investment Holding
Shanghai Kunjia Technology Co., Ltd. (“Shanghai Kunjia”)*	June 2018	Shanghai	100%	Investment Holding
Geerong Yunke Information Technology Co., Ltd.	July 2019	Shanghai	100%	Technology development and consumer finance services
Geerong Yun (Shanghai) Technology Development Co., Ltd. (formerly known as “Geerong Yun (Shanghai) Enterprise Development Co., Ltd.”)	September 2019	Shanghai	100%	Technology development and consumer finance services
Shanghai Chuangzhen Software Co., Ltd.	April 2020	Shanghai	100%	Technology service
Hainan Yinke Financing Guarantee Co., Ltd.	August 2021	Hainan	100%	Guarantee service

VIEs
Shanghai Jiayin Technology Co., Ltd. ("Jiayin Technology", formerly known as "Shanghai Jiayin Finance Technology Co., Ltd.")	June 2015	Shanghai	*	Technology service
Shanghai Jiajie Internet Information Services Co., Ltd. (formerly known as "Shanghai Jiajie Finance Information Services Co., Ltd.")	July 2019	Shanghai	*	Technology development and consumer finance services
Jiayin Shuke Information Technology Co., Ltd.	January 2021	Shanghai	*	Technology service
Guangxi Chuangzhen Information Technology Co., Ltd.	January 2022	Guangxi	*	Technology service

* Shanghai Kunjia is the primary beneficiary of the VIEs.

LEASES - Summary of maturities of lease payments (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
2024	¥ 16,951
2025	16,215
2026 and thereafter	17,689
Total lease payment	50,855
Less imputed interest	(2,897)
Total operating lease liabilities	¥ 47,958	$ 6,755	¥ 27,465

RELATED PARTY TRANSACTIONS - Summary of transactions with and amounts due from and due to related parties (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Related Party Transaction [Line Items]
Services provided to related parties	¥ 5,466,873	$ 769,993	¥ 3,271,414	¥ 1,780,490
Loans from related parties				15,000
Amounts due from related parties
Due from Related Parties	509		17,750
Amounts due to related parties
Amounts due to related parties	11,325		566
Services Provided By Related Parties
Related Party Transaction [Line Items]
Services provided by related parties	118,074		135,420	77,048
Services Provided To Related Parties
Related Party Transaction [Line Items]
Services provided to related parties			6,567	34,619
Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties	13,906		56,416	203,146
Loans From Related Parties
Related Party Transaction [Line Items]
Loans from related parties				15,000
Shanghai Jiayin Zhuoyue Wealth Management Co., Ltd
Amounts due to related parties
Amounts due to related parties	11,325		408
Shanghai Jiayin Zhuoyue Wealth Management Co., Ltd \| Services Provided By Related Parties
Related Party Transaction [Line Items]
Services provided by related parties	115,538		122,946	77,048
Shanghai Jiayin Finance Services Co., Ltd
Amounts due from related parties
Due from Related Parties	500		500
Amounts due to related parties
Amounts due to related parties			158
Shanghai Jiayin Finance Services Co., Ltd \| Services Provided By Related Parties
Related Party Transaction [Line Items]
Services provided by related parties	2,536		12,474
Shanghai Jiayin Finance Services Co., Ltd \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties			35,000	47,840
Aguila Information, S.A.P.I. de C.V. \| Services Provided To Related Parties
Related Party Transaction [Line Items]
Services provided to related parties			6,567	34,619
Aguila Information, S.A.P.I. de C.V. \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties			4,173
Subsidiary Shareholder
Amounts due from related parties
Due from Related Parties	9		7
Subsidiary Shareholder \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties	2
GAYANG (Hong Kong) Co., Limited
Amounts due from related parties
Due from Related Parties			17,243
GAYANG (Hong Kong) Co., Limited \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties			¥ 17,243	31,306
Shanghai Jiajie Assets Management Co., Ltd \| Loans From Related Parties
Related Party Transaction [Line Items]
Loans from related parties				15,000
Massnet Microcredit \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties				54,000
Jiayin Financial Leasing (Shanghai) Co., Ltd \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties				¥ 70,000
Keen Best \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties	¥ 13,904

FINANCIAL STATEMENTS SCHEDULE I - Additional Information (Details)	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Convenience translation rate per US$1.00	7.0999

DISPOSALS AND DISSOLUTION OF SUBSIDIARIES

12 Months Ended

Dec. 31, 2023

Other Payable Relates To The Disposal Of Subsidiaries [Abstract]

DISPOSALS AND DISSOLUTION OF SUBSIDIARIES

In September, 2019, Shanghai Wuxingjia Information Technology Co., Ltd. (Shanghai Wuxingjia) entered into an agreement (the “Agreement”) with Shenzhen Rongxinbao, and Shanghai Jiayin, which wholly owns the equity interest of Shanghai Caiyin. Pursuant to the Agreement, Shanghai Jiayin agreed to transfer all of its equity interest in Shanghai Caiyin to Shenzhen Rongxinbao and the Group revised the terms of its collaboration with Shanghai Caiyin. As a result, the Group deconsolidated Shanghai Caiyin. Major line items of Shanghai Caiyin as of August 31, 2019 included cash and cash equivalents, restricted cash, contract assets, liabilities from the investor assurance program and tax payable. As Shanghai Caiyin was in net deficit position as of August 31, 2019 due to its collaboration with the Group, the Group also agreed to waive Shanghai Caiyin’s payables to the Group of RMB1,973,613 and pay a total transaction price of RMB1,078,686, of which RMB372,085 is contingent upon Shanghai Caiyin’s liability status in the period preceding December 30, 2022 subject to the cap amount of RMB372,085, RMB255,064 and RMB117,021 on December 30, in each of the three years ending 2022, respectively. The remaining amount of the equity transfer consideration shall be settled through the service fee Shenzhen Rongxinbao collected on behalf of the Group.

For the years ended December 31, 2021 and 2022, “Gain from de-recognition of liabilities” of RMB138,043 and RMB117,021 were derived from the release of contingent consideration payable recorded as gain from de-recognition of liabilities on the consolidated statements of operations and comprehensive income. As of December 31, 2021, the payable related to the disposal of Shanghai Caiyin was RMB322,028 which consisted of fixed consideration payable of RMB205,007 and contingent consideration payable of RMB117,021. As of December 31, 2022, the payable balance was RMB188,300 which was all related to fixed consideration payable. In 2023, RMB108,190 has been settled with the receivables from Shenzhen Rongxinbao, RMB75,646 was settled in the Company’s disposal of Fujian Zhuoqun as disclosed below and the remaining RMB 4,464 was settled through cash payment.

Further in November 2023, the Group decided to dissolve Shanghai Wuxingjia. The book value of Shanghai Wuxingjia were mainly consisted of VAT and income tax payable accrued in previous years related to terminated P2P business. Upon receipt of the tax de-registration from the tax authority, the tax liabilities of approximately RMB280,231 were deemed to be waived, resulting in the recognition of a gain from de-recognition of liabilities on the consolidated statements of operation and comprehensive income. The remaining administrative procedures to dissolve Shanghai Wuxingjia were completed in April 2024.

On January 5, 2021, Noble Fintech transferred its 6% of the equity interests in Aguila Information to a certain minority shareholder who did not own the majority interest after the transaction. The Group deconsolidated Aguila Information (see Note 6). As Aguila Information was in net deficit position as of December 31, 2020, the consideration of the transfer was one Mexican Peso. The Group recognized disposal gain of RMB1,256 for the transaction.

On December 29, 2021, the Group entered into a sale agreement to transfer its 95% equity interest held in Shanghai Bweenet, for further focus on its principal business. The 95% equity was transferred to Shenzhen Rongxinbao, an independent third-party guarantee company, and the consideration was RMB93,343, which was net-settled with the payables the Group owed to Shenzhen Rongxinbao in connection with the disposal of Shanghai Caiyin in year 2019. The Group derecognized all the assets, liabilities and equity components of Shanghai Bweenet and no gain or loss was recognized for the transaction. On December 29, 2021, the Group entered into a sale agreement to transfer its 70% equity interest held in Shanghai Zhundian Enterprise Service Co., Ltd. (“Shanghai Zhundian”) (formerly known as “Shanghai Limahui E-Commerce Co., Ltd”) to Shenzhen Rongxinbao, an independent third-party guarantee company for a consideration of RMB1,037, which was net-settled with the payables the Group owed to Shenzhen Rongxinbao in connection with the disposal of Shanghai Caiyin in year 2019. The Group recognized disposal loss of RMB3,592 for the transaction.

In 2023, Jiayin Technology disposed of its 100% equity interest of Fujian Zhuoqun to Shenzhen Rongxinbao for an aggregate consideration of RMB391,870, in which RMB316,224 was settled by the existing payables the Group owed to Fujian Zhuoqun, RMB75,646 was settled with the existing payables the Group owed to Shenzhen Rongxinbao in connection with the disposal of Shanghai Caiyin in 2019. As a result, the Group recognized disposal loss of RMB2,012 upon the closing for the year ended December 31, 2023.

None of these transactions qualifies for discontinued operations under ASC 205-20.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2023

Accrued Liabilities and Other Liabilities [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

15.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the followings:


	As of December 31,
	2022		2023
	RMB		RMB
Deposits*		287,001		309,832
Accrued expenses		254,943		313,041
Deferred tax liabilities		—		40,115
Others		30,191		57,550
		572,135		720,538

*The balances represent deposits held by the Group related to the back-to-back guarantee service from the third-party asset management company.

PREPAID EXPENSES AND OTHER CURRENT ASSETS - Schedule of Prepaid Expenses And Other Current Assets (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Prepaid Expense and Other Assets, Current [Abstract]
Receivable from a third party asset management company	¥ 933,947		¥ 0
Security deposits, net of credit loss	906,720		414,400
Others	80,880		61,581
Prepaid expenses and other current assets	¥ 1,921,547	$ 270,644	¥ 475,981

SHARE-BASED COMPENSATION - Additional Information (Detail) - CNY (¥) ¥ / shares in Units, ¥ in Thousands	1 Months Ended		12 Months Ended
	Aug. 31, 2021	Sep. 30, 2016	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Aggregate intrinsic value			¥ 894
Weighted average grant date fair value of options granted					¥ 18.6
Total unrecognized compensation cost related to non-vested stock options			¥ 181
Total unrecognized compensation cost related to non-vested stock options, weighted-average period			2 years
Employee incentive plan \| Jiayin Finance
Shares that will be used under the Plan		13,500,000
Two Thousand Nineteen Incentive Plan
Options granted in period	108,400
Options exercise price	¥ 3.5
Employee Stock \| Share-based Compensation Award, Tranche One \| Jiayin Finance
Options life		4 years 6 months
Options vesting percentage		15.00%
Employee Stock \| Share-based Compensation Award, Tranche Two \| Jiayin Finance
Options vesting percentage		25.00%
Employee Stock \| Share-based Compensation Award, Tranche Three \| Jiayin Finance
Options vesting percentage		30.00%
Employee Stock \| Share-based Compensation Award, Tranche Four \| Jiayin Finance
Options vesting percentage		30.00%
RSU
Units exercised			1,690
Aggregate intrinsic value			¥ 50,700
Total unrecognized compensation cost			0
Total share-based compensation cost			49,973	¥ 35,693	¥ 0
Options
Total share-based compensation cost			¥ 4,380	¥ 6,855	¥ 15,186

INCOME PER SHARE - Summary of computation of basic and diluted net income per share attribute to ordinary shareholders (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥) ¥ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares
Earnings Per Share [Abstract]
Net income attributable to ordinary shareholders – basic and diluted	¥ 1,297,619	$ 182,766	¥ 1,179,658	¥ 472,086
Weighted average number of ordinary shares outstanding - basic	213,996,233	213,996,233	215,259,640	216,100,000
Weighted average number of ordinary shares outstanding - diluted	213,996,233	213,996,233	215,259,640	216,100,000
Basic net income per share \| (per share)	¥ 6.06	$ 0.85	¥ 5.48	¥ 2.18
Diluted net income per share \| (per share)	¥ 6.06	$ 0.85	¥ 5.48	¥ 2.18

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
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-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
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Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
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-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
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-Topic 220
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
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+ Details

PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the followings:


	As of December 31,
	2022		2023
	RMB		RMB
Receivable from a third party asset management company*		—		933,947
Security deposits, net of credit loss**		414,400		906,720
Others***		61,581		80,880
		475,981		1,921,547

*The balances represent the receivable from the third party company in relation to the back-to-back guarantee services provided to the Group (see Note 2(l)).

**The balances represent security deposits set aside as requested by certain institutional funding partners for provision of the primary guarantee. As of December 31, 2022 and 2023, allowance for credit loss were nil and RMB6,838, respectively. Provision for credit loss of nil and RMB6,838 was recorded for security deposits for the year ended December 31, 2022 and 2023, respectively.

***Other includes the following balances of loans receivable::


	As of December 31,
	2022			2023
	RMB			RMB
Loans receivable		21,142			9,149
Less: Allowance for credit losses		(17,991	)		(6,367	)
Loans receivable, net		3,151			2,782

PREPAID EXPENSES AND OTHER CURRENT ASSETS - continued

The movement of allowance for loans receivable for the years ended December 31, 2021, 2022 and 2023 are as follows:


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Balance at beginning of the year		(27,700	)		(27,255	)		(17,991	)
Current year credit losses		(27,735	)		(18,609	)		(40,766	)
Current year write off		9,087			27,665			29,133
Disposal of a subsidiary		18,236			—			—
Foreign currency exchange		857			208			23,257
Balance at end of the year		(27,255	)		(17,991	)		(6,367	)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Net income	¥ 1,297,576	$ 182,760	¥ 1,180,232	¥ 467,761
Shareholders' equity	2,382,141		1,243,084		$ 335,517
Cash and cash equivalents	¥ 370,193		¥ 291,018	¥ 182,551	$ 52,141
VIEs percentage of Group's consolidated revenue	9.00%	9.00%	30.00%	38.00%
VIEs percentage of consolidated total assets	4.00%	4.00%	11.00%
VIEs percentage of consolidated total liabilities	9.00%	9.00%	43.00%
Convenience translation rate per US$1.00	7.0999				7.0999
Restricted cash	¥ 2,435		¥ 2,023		$ 343
Contingent guarantee liabilities	933,947				$ 131,544
Corresponding recoverable assets	933,947
Net payout for contingent guarantee liabilities	2,068,842
Maximum potential future payments not reduced by effect of any amounts that may possibly be recovered	13,694,236		6,484,243
Outstanding loan, secondary guarantee	20,893,308		14,425,887
Employee defined contribution plan expense	94,300		68,145	¥ 57,363
Advertising expense	12,658		8,437	6,695
Government grants	¥ 15,398		¥ 22,306	19,762
Weighted average remaining lease term	2 years 10 months 24 days		1 year 2 months 12 days		2 years 10 months 24 days	1 year 2 months 12 days
Weighted average discount rate	4.22%		4.75%		4.22%	4.75%
Retained earnings	¥ 1,525,841		¥ 384,896		$ 214,910
Fnancial assets receivable, allowance for credit losses	7,207		0	0
Services provided to related parties	¥ 5,466,873	$ 769,993	3,271,414	¥ 1,780,490
Maximum
Value added tax rate	6.00%	6.00%
Minimum
Value added tax rate	3.00%	3.00%
Releasing of guarantee liabilities
Services provided to related parties	¥ 1,393,081		¥ 47,141
ASU 2014-09
Change in accounting principle, accounting standards update, adopted [true false]	true				true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2018				Jan. 01, 2018
CNY
Cash and cash equivalents \| $					$ 357,118	$ 257,041
PRC
Income tax year subject to examination	5 years	5 years
Hong Kong
Income tax year subject to examination	7 years	7 years
Singapore
Income tax year subject to examination	4 years	4 years
Indonesia
Income tax year subject to examination	5 years	5 years
Nigeria
Income tax year subject to examination	indefinite years	indefinite years
Cash and Cash Equivalents \| Net Assets, Geographic Area \| PRC
Concentration risk, percentage	97.00%	97.00%	89.00%
Customer Concentration Risk \| Net Revenue \| Customer A
Concentration risk, percentage	15.00%	15.00%
Customer Concentration Risk \| Accounts Receivable and Contract Assets \| Customer A
Concentration risk, percentage	23.00%	23.00%
Equity Pledge Agreement
Percentage of equity interest in Jiayin Finance pledged to WFOE	100.00%	100.00%
Exclusive Purchase Agreement Member [Member] \| Shanghai Kunjia Technology Co., Ltd. ("Shanghai Kunjia" or "WFOE") [Member]
Consideration of purchase	¥ 1
Effective time period of agreement	10 years	10 years

PREPAID EXPENSES AND OTHER CURRENT ASSETS - Schedule of Prepaid Expenses And Other Current Assets (Parenthetical) (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Allowance for credit losses	¥ 6,838
Security Deposits
Financing Receivable, Past Due [Line Items]
Provision for credit loss	¥ 6,838

SHARE-BASED COMPENSATION - Summary of share option activities (Detail) - CNY (¥) ¥ / shares in Units, ¥ in Thousands, shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Number of Options - Beginning balance	894
Number of Option - Exercised	(364)
Number of Options - Forfeited	(472)
Number of Options - Ending balance	58	894
Number of Options - Options exercisable	12
Number of Options - Options vested or expected to be vested	58
Weighted Average Exercise Price - Beginning balance	¥ 3.5
Weighted Average Exercise Price - Ending balance	3.5	¥ 3.5
Weighted Average Exercise Price - Options exercisable	3.5
Weighted Average Exercise Price - Options vested or expected to be vested	¥ 3.5
Weighted Average Remaining Contract Life - Options outstanding	2 years	1 year 3 months 7 days
Weighted Average Remaining Contract Life - Options exercisable	1 year 8 months 4 days
Weighted Average Remaining Contract Life - Options vested or expected to be vested	2 years
Aggregate Intrinsic Value - Options outstanding	¥ 894	¥ 16,076
Aggregate Intrinsic Value - Options exercisable	185
Aggregate intrinsic value	¥ 894

LEASES - Summary of supplemental consolidated balance sheet information related to leases (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Summary Of Supplemental Consolidated Balance Sheet Information Related To Leases [Abstract]
Operating leases right-of-use assets	¥ 49,659	$ 6,994	¥ 27,604
Current portion of lease liabilities	15,570		24,986
Non-current portion of lease liabilities	32,388		2,479
Total operating lease liabilities	¥ 47,958	$ 6,755	¥ 27,465
Weighted average remaining lease term (in years)	2 years 10 months 24 days	2 years 10 months 24 days	1 year 2 months 12 days
Weighted average discount rate	4.22%	4.22%	4.75%

INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of computation of basic and diluted net income per share attribute to ordinary shareholders

The following table sets forth the computation of basic and diluted net income per share attribute to ordinary shareholders:


	Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Net income attributable to ordinary shareholders – basic and diluted		472,086		1,179,658		1,297,619
Weighted average number of ordinary shares outstanding – basic and diluted		216,100,000		215,259,640		213,996,233
Basic and diluted net income per share		2.18		5.48		6.06

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of aging of the Group's contractual amounts of the outstanding loans subject to guarantee (Details) ¥ in Thousands	Dec. 31, 2023 CNY (¥)
Guarantor Obligations [Line Items]
Current contractual amounts of outstanding loans subject to guarantee	¥ 13,694,236
Contractual amounts of outstanding loans subject to guarantee	¥ 13,694,236

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of presentation

(a)

Basis of presentation

The accompanying consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Principles of consolidation

(b)

Principles of consolidation

The consolidated financial statements include the financial information of the Company, its wholly owned subsidiaries and its consolidated VIEs. All intercompany balances and transactions have been eliminated upon consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity

The VIE Arrangement with Shanghai Kunjia, the WFOE

In order to comply with the PRC laws and regulations, which place certain restrictions and conditions on foreign ownership of certain areas of businesses, the Group operates relevant business in the Chinese mainland through its VIEs. In June 2018, the Company, through its wholly owned foreign invested subsidiary, Shanghai Kunjia or WFOE, entered into a series of contractual arrangements (“VIE agreements”) with Jiayin Technology and its respective shareholders that enable the Company to (1) have power to direct the activities that most significantly affects the economic performance of the VIE and its subsidiary, and (2) receive the economic benefits of the VIE and its subsidiary that could be significant to the VIE and its subsidiary.

Despite the lack of technical majority direct voting interest, there exists a parent subsidiary relationship between Shanghai Kunjia and the VIE and its subsidiary through the aforementioned agreements. The following is a summary of the VIE agreements:

The agreements that provide the Company effective control over the VIE and its subsidiary include:

Powers of Attorney:

Pursuant to the Power of Attorney, each of the four shareholders have signed power of attorney with WFOE to irrevocably authorize the board of directors / Executive Directors of WFOE and their successors to act as his or her attorney-in-fact to exercise all of his or her rights as a shareholder of Jiayin Technology including, but not limited to, the right (1) to make and sign the relevant shareholders’ general meeting decision on behalf of the shareholders of Jiayin Technology; (2) in accordance with the law and Jiayin Technology’s Charter of shareholders exercise the right to enjoy all the rights of shareholders , including but not limited to the right of shareholders to vote, sell or transfer or pledge or dispose of all or any part of Jiayin Technology’s shares; and (3) designate and appoint the legal representative, chairman, director, supervisor, general manager and other senior management of Jiayin Technology as the authorized representative of the Group. This power of attorney is irrevocable and continues to be in force during the period when the authorized person is a shareholder of WFOE, from the date of signature of this power of attorney.

Exclusive Purchase Agreement:

Pursuant to the Exclusive Purchase Agreement among WFOE, Jiayin Technology and the four shareholders of Jiayin Technology, the four shareholders and Jiayin Technology shall irrevocably grant WFOE, to purchase or appoint one or more persons from WFOE at any time to purchase all or part of the shares which is not subject to legal restriction or assets held by the four shareholders or Jiayin Technology. Except for WFOE and the designated person, no third party shall have the right to purchase shares and assets or other shares and assets related to the four shareholders. The consideration of the purchase should be RMB1 or the lowest price permitted by the PRC laws. The effective time period of this agreement is ten years, and will be automatically extended to further years.

The agreements that transfer economic benefits to the Company include:

Exclusive Consultation and Service Agreement:

Pursuant to the Exclusive Consultation and Service Agreement between WFOE and Jiayin Technology, WFOE has the exclusive right to provide Jiayin Technology with consulting and other services. Without WFOE’s prior written consent, Jiayin Technology may not accept any services subject to this agreement from any third party. WFOE has the right to determine the service fee to be charged to Jiayin Technology under this agreement by considering, among other things, the complexity of the services, the actual cost that may be incurred for providing such services, as well as the value and comparable price on the market of the service provided. WFOE will have the exclusive ownership of all intellectual property rights created as a result of the performance of this agreement. Unless WFOE terminates this agreement in advance or otherwise provided by law, this agreement will remain effective for ten years and shall automatically extend the term of this agreement prior to its expiration. Jiayin Technology may not terminate this agreement unilaterally.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity - continued

The VIE Arrangement with Shanghai Kunjia, the WFOE - continued

Equity Pledge Agreement:

Pursuant to the Equity Pledge Agreement among WFOE, Jiayin Technology and the four shareholders, in order to ensure that Jiayin Technology and its shareholders will fulfill the obligations under the power of attorney, the exclusive consultation and service agreement, and the exclusive purchase agreement (collectively “the Main Agreement”), the four shareholders have pledged 100% equity interest in Jiayin Technology to WFOE. According to the Main Agreement, the pledgee has the right to charge the service fee to Jiayin Technology. Those shareholders and WFOE also agree that without a prior written consent of the pledgee, they shall not transfer the shares or set up any pledge or other form of guarantee which may affect the rights and interests of the pledgee.

These contractual arrangements allow the Company, through its wholly owned subsidiary WFOE, to effectively control the VIEs, and to derive substantially all of the economic benefits from them. Accordingly, the Company has consolidated the financial results of the VIEs. The Company believes that the contractual arrangements with the VIEs are in compliance with PRC law and are legally enforceable. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce the contractual arrangements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity - continued

The VIE Arrangement with Shanghai Kunjia, the WFOE - continued

The following condensed financial statement balances and amounts of the Company’s VIEs, were included in the accompanying consolidated financial statements after the elimination of intercompany balances and transactions among the Company, its subsidiaries and its VIEs.


	As of December 31,
	2022		2023
	RMB		RMB
Cash and cash equivalents		16,294		81,384
Restricted cash		2,023		2,435
Financial Assets receivable, net		53,373		—
Accounts receivable, net		71,184		97,187
Prepaid expenses and other current assets, net		126,154		31,101
Deferred tax assets, net		26,914		13,935
Property and equipment, net		8,123		9,538
Right-of-use assets		14,297		17,271
Other non-current assets		242		—
TOTAL ASSETS		318,604		252,851
Deferred guarantee income		51,079		—
Payroll and welfare payables		35,900		41,189
Tax payables		286,705		24,249
Accrued expenses and other current liabilities		184,008		220,770
Other payable related to the disposal of Shanghai Caiyin		188,300		—
Lease liabilities		14,598		16,647
TOTAL LIABILITIES		760,590		302,855


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Net revenue		680,790			972,029			473,239
Operating (loss) income		(15,802	)		52,204			(1,140,806	)
Net income (loss)		89,149			164,741			(868,605	)
Net cash provided by (used in) operating activities		98,486			8,807			(1,095,655	)
Net cash used in investing activities		(96,180	)		(7,265	)		(74,100	)
Net cash used in financing activities		—			—			—

The VIEs contributed 38%, 30% and 9% of the Group’s consolidated revenue for years ended December 31, 2021, 2022 and 2023, respectively. As of December 31, 2022 and 2023, the VIEs accounted for an aggregate of 11% and 4% of the consolidated total assets, and 43% and 9% of the consolidated total liabilities, respectively.

There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests that require the Company or its subsidiaries to provide financial support to the VIEs. However, if the VIEs were ever to need financial support, the Group may, at its option and subject to statutory limits and restrictions, provide financial support to its VIEs through loans to the shareholders of the VIEs or entrustment loans to the VIEs.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity - continued

The VIE Arrangement with Shanghai Kunjia, the WFOE - continued

The Group believes that there are no assets held in the VIEs that can be used only to settle obligations of the VIEs, except for registered capital and the PRC statutory reserves. As the VIEs are incorporated as limited liability companies under the PRC Company Law, creditors of the VIEs do not have recourse to the general credit of the Company for any of the liabilities of the VIEs. Relevant PRC laws and regulations restrict the VIEs from transferring a portion of their net assets, equivalent to the balance of its statutory reserve and its share capital, to the Company in the form of loans and advances or cash dividends. See Note 18 for disclosure of restricted net assets.

Reclassification

(c)

Reclassification

Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the current year’s presentation. These reclassifications had no impact on net income, shareholders’ equity, or cash flows as previously reported.

Use of estimates

(d)

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates. Changes in estimates are recorded in the period they are identified.

The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Significant accounting estimates reflected in the Group’s financial statements include expected credit loss for financial guarantee in scope of ASC 326, allowance for credit losses on financial assets receivable, loan receivables, accounts receivables and contract assets, amount due from related parties and other receivables, valuation allowances for deferred tax assets, fair value measurement and impairment of investments, determination on the standalone selling price of each identified performance obligation and variable consideration for revenue recognition.

Fair value

(e)

Fair value

Fair value is considered to be the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability.

Authoritative literature provides a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The carrying values of financial instruments, which consist of cash and cash equivalents, restricted cash, accounts receivable and contract assets, financial assets receivable, other receivables included in other current assets, certain investments, which are approximate to the fair values mainly due to the short-term nature of these instruments.

The Group does not have any assets or liabilities that are recorded at fair value subsequent to initial recognition on a recurring basis other than the investment in convertible debt accounted for as available-for-sale debt security, which is classified as a level 2 fair value measurement. Fair value measurement on a nonrecurring basis as of December 31, 2022 and 2023 included that used in impairment of an equity investment (see Note 6) which was classified as a Level 3 fair value.

Certain risks and concentrations

(f)

Certain risks and concentrations

Financial instrument that potentially exposes the Group to significant concentration of credit risk primarily includes cash and cash equivalents, restricted cash, accounts receivable and contract assets, financial assets receivable, loans receivable, and amounts due from related parties. As of December 31, 2022 and 2023, there were 89% and 97% of the Group’s cash and cash equivalents and restricted cash held in major financial institutions located in the PRC, respectively, and the rest were held in overseas major financial institutions which management considers to be of high credit quality. Accounts receivable, contract assets and financial assets receivable are typically unsecured and are derived from revenue earned from customers in the PRC. The risk with respect to accounts receivable and contract assets, and financial assets receivable is mitigated by credit evaluations The Group performs on its customers and its ongoing monitoring process of outstanding balances. Credit risk of loans receivable is controlled by the application of credit approvals, credit limits and monitoring procedures.

For the year ended December 31, 2023, Customer A contributed 15% of total net revenue of the Group. As of December 31, 2023, Customer A accounted for 23% of accounts receivable and contract assets.

Foreign currency translation

(g)

Foreign currency translation

The functional currency of the Company is dollars (“US$”). The functional currency of the Group’s subsidiaries and VIEs in the PRC is Renminbi (“RMB”). The functional currency of subsidiaries outside of PRC is typically their local currency. The determination of the respective functional currency is based on the criteria stated in Accounting Standard Codification (“ASC”) Topic 830, Foreign Currency Matters. The Group also uses RMB as its reporting currency. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency are measured and recorded in the functional currency at the exchange rate prevailing on the transaction date. Transaction gains and losses are recognized in earnings.

Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Equity amounts are translated at historical exchange rates. Revenues, expenses, gains and losses are translated using the average rates for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component in the statements of comprehensive income.

Convenience translation

(h)

Convenience translation

The Group’s financial statements are stated in RMB. Translations of balances in the consolidated balance sheets, and the related consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows from RMB into US dollars as of and for the year ended December 31, 2023 are included solely for the convenience of the readers and have been made at the rate of US$1.00=RMB7.0999, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on December 29, 2023. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate or at any other rate.

Foreign currency risk

(i)

Foreign currency risk

The Renminbi (“RMB”) is not a freely convertible currency. The State Administration for Foreign Exchange, under the authority of the Peoples Bank of China, controls the conversion of RMB into other currencies. The value of the RMB is subject to changes in central government policies, international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market. The Group’s cash and cash equivalents and restricted cash denominated in RMB amounted to RMB257,041 and RMB357,118 as of December 31, 2022 and 2023, respectively.

Cash and cash equivalents

(j)

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and demand deposits which are highly liquid and have original maturities of three months or less and are unrestricted as to withdrawal or use.

Restricted cash

(k)

Restricted cash

Restricted cash mainly represents restricted deposit requested by custodian bank for business purpose.

Guarantee Arrangement

(l)

Guarantee arrangement

Primary guarantee

Starting from the fourth quarter of year 2022, the Group provides guarantee services through its own financing guarantee subsidiaries or through cooperation with third-party financing guarantee companies for loans facilitated to the financial institution partners. Under the cooperation with financing guarantee companies, these financing guarantee companies initially reimburses the loan principal and interest to the financial institution partners upon borrower’s default. Although the Group does not have direct contractual obligation to the financial institution partners for defaulted principal and interest, the Group provides back-to-back guarantee to the financing guarantee companies. As agreed in the back-to-back guarantee contract, the Group would compensate the financing guarantee companies for actual losses incurred by them on defaulted principal and interest. When the financing guarantee companies are required to place deposits to the financial institution partners as part of the arrangement, the Group will also be obligated to place back-to-back deposits to the financing guarantee companies of the same amount and with the same settlement terms. The deposit amount is typically set at an agreed percentage of outstanding loan balance subject to guarantee. The Group’s deposits to financing guarantee companies are recorded under "Prepaid expenses and other current assets, net" on the consolidated balance sheets. Given that the Group effectively takes on all of the credit risk of the borrowers, the Group recognizes a stand-ready obligation for its guarantee exposure at the inception of guarantee in accordance with ASC Topic 460 with an associated financial assets receivable. The Group also records a contingent guarantee liability with an allowance for credit losses pursuant to ASC Topic 326 Current expected credit loss (“CECL”). Subsequent to the initial recognition, the ASC 460 stand-ready guarantee is released into guarantee revenue on a straight-line basis over the term of the guarantee, while the contingent guarantee is reduced by the payouts made by the Group to compensate the financing guarantee companies upon borrowers’ default. Allowance for credit losses under CECL model was included under “Allowance for uncollectible receivables, contract assets, loans receivable and others” and revalued at each period end to reflect updated estimation for future net pay-out. As of December 31, 2022 and 2023, the maximum potential future payments, including all outstanding principal and interests for which the Group provides primary guarantee, were RMB6,484,243 and RMB13,694,236, respectively.

The following table summarizes the aging of the Group’s contractual amounts of the outstanding loans subject to guarantee:

           
          0-30days

           
          past due

          Current

          Total loans

December 31, 2023

—

13,694,236

13,694,236

In connection with the above back-to-back guarantee arrangements with the financial institution partners and licensed financing guarantee companies, the Group also engages a third-party asset management company to provide back-to-back guarantee services to the Group, pursuant to which the asset management company is obligated to compensate the Group at an amount equal to the compensation the Group paid to the third-party financing guarantee companies. The Group pays a service fee to the asset management company, which is typically set as a pre-agreed percentage of loan volume. As part of the arrangement, the Group also requests for a back-to-back deposit from the asset management company. The Group records the deposits received from the asset management company under "Accrued expenses and other current liabilities” on the consolidated balance sheets. The Group records an estimated receivable for the amount determined to be probable of recovery (if any) from the asset management company under “Prepaid expenses and other current assets” on the consolidated balance sheets in accordance with ASC326-20, with a corresponding amount recorded under “Allowance for uncollectible receivables, contract assets, loans receivable and others”. The corresponding service fee have been included in “Facilitation and servicing expenses” on the consolidated statements of operations and comprehensive income.

As of December 31, 2023, the Company recorded contingent guarantee liabilities and corresponding recoverable assets of RMB933,947, respectively. During the year ended December 31, 2023, the net payout for contingent guarantee liabilities was RMB2,068,842.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(l)

Guarantee arrangement - continued

Deferred guarantee income and Expected credit loss under ASC 326

The following table sets forth the activities of the Group’s obligations associated with the deferred guarantee income for the years ended December 31, 2022 and 2023:


	Year ended December 31,
	2022			2023
	RMB			RMB
Opening balances		—			276,518
Fair value of guarantee liabilities at inception of new loans		326,086			2,296,882
Release of guarantee liabilities		(49,568	)		(1,475,238	)
Disposal of subsidiary		—			(211,300	)
Ending balances		276,518			886,862

*The Group disposed of a financing guarantee subsidiary and transferred out the remaining guarantee obligation to a third party company in April 2023. For more details, please refer to Note 8.

Financial assets receivable

Financial assets receivable is recognized at loan inception which is equal to the stand-ready guarantee liability recorded at fair value in accordance with ASC 460. The financial assets receivable is accounted for as a financial asset, and reduced upon the receipt of the service fee payment. At each reporting date, the Group estimates an allowance for credit losses primarily based on expectations of lifetime credit losses based on historical default experience, known or inherent risks in the portfolio, current economic conditions and macroeconomics forecasts as well as other factors surrounding the credit risk of specific type of customers. If the carrying amounts of the financial assets receivable exceed the expected cash to be received, an impairment loss is recorded for the financial assets receivable not recoverable and is recorded in the consolidated statements of operations and comprehensive income. Credit loss of nil, nil and RMB7,207 were recorded in the consolidated statements of operations and comprehensive income during the years ended December 31, 2021, 2022 and 2023, respectively.

The following table presents the Group’s financial assets receivable as of December 31, 2022 and 2023:


	Year ended December 31,
	2022		2023
	RMB		RMB
Financial assets receivable		292,342		998,835
Allowance for credit losses of financial assets receivable		—		(7,207	)
Financial assets receivable, net		292,342		991,628

Secondary guarantee

For certain off-balance sheet loans facilitated between borrowers and institutional funding partners, guarantee services are provided by third party guarantee companies who charge guarantee service fees directly from borrowers. Upon borrowers’ default, the third-party guarantee companies compensate institutional funding partners for unpaid principal and interest. In certain contracts, the Group provides commitment letter of balance complements to the institutional funding partners in the event that the guarantee companies are unable to fully reimburse the institutional funding partners. In some other contracts, the guarantee companies require a third party company to act as counter guarantor and require the Group to provide a commitment letter of balance complements to compensate third party guarantee companies in the event that the counter guarantor are unable to fully reimburse the guarantee companies or when the deposits are below the required threshold. To manage the risk exposure, the Group in turn obtains a back-to-back guarantee from a third-party asset management company. The fair value of guarantee liabilities of the Group as a secondary guarantor was inconsequential and no compensation was made by the Group during the years of 2021, 2022 and 2023. As of December 31, 2022 and 2023, the outstanding loan balance for which the Group provides secondary guarantee was RMB14,425,887 and RMB20,893,308, respectively.

Current Expected Credit Losses

(m)

Current Expected Credit Losses

The Group’s in-scope assets are primarily loans receivable, accounts receivable and contract assets, financial assets receivable from financial institution partners and financing guarantee companies, receivables from the third-party asset management company and amounts due from related parties. ASC Topic 326 also requires the expected credit losses related to guarantee contracts be recorded separately from and in addition to the stand ready guarantee liability accounted for in accordance with ASC Topic 460. The guarantee obligation is separated into the expected credit losses of the guarantee contracts accounted for in accordance with ASC Topic 326, and deferred guarantee income.

In establishing the allowance for loans receivable, the Group considers historical losses, delinquency rate and other factors in pooling basis upon the use of the CECL Model in accordance with ASC topic 326. The Group writes off loans receivable as a reduction to the allowance for loans receivable when the loan principal and interest are deemed to be uncollectible. In general, loans receivable are identified as uncollectible when it is determined to be not probable that the balance can be collected.

The Group estimates the allowance for accounts receivables and contract assets based on expected net accumulated loss rates for terms during which losses of such service fees are expected to occur, which are consistent with the terms during which the Group expects to collect service fees.

The Group establishes an allowance for amounts due from related parties and receivables from the third-party asset management company that are based on historical experience and other factors surrounding the credit risk of specific customers.

Property and equipment

(n)

Property and equipment

Property and equipment is generally stated at historical cost and depreciated on a straight-line basis over the estimated useful lives of the assets. Depreciation and amortization expense of long-lived assets are included in either facilitation and servicing expenses, selling and marketing expenses, general and administrative expenses, or research and development expenses as appropriate. Property and equipment consist of the following and depreciation is calculated on a straight-line basis over the following estimated useful lives are:


	Category		Estimated useful life
	Electronic equipment		3 years

	Office equipment & Furniture		5 years

	Motor vehicles		4 years

	Leasehold improvement		Shorter of the lease term or expected useful life

	Software		10 years

Long term Investment

(o)

Long-term investments

Equity Investments Accounted for Using the Equity Method

Investments in entities in which the Group can exercise significant influence and holds an investment in voting common stock or in-substance common stock (or both) of the investee but does not own a majority equity interest or control are accounted for using the equity method of accounting in accordance with ASC 323. Under the equity method, the Group adjusts the carrying amount of the investments to recognize the Group’s proportionate share of each equity investee’s net income or loss into earnings after the date of investment. The Group evaluates the equity method investments for impairment under ASC 323. An impairment loss on equity method investments is recognized in earnings when the decline in value is determined to be other-than-temporary.

Equity securities without readily determinable fair values

Equity securities without readily determinable fair values and over which the Group has neither significant influence nor control through investments in common stock or in-substance common stock are measured and recorded using a measurement alternative that measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes.

Available-for-sale debt securities

Investments in debt securities that do not meet the criteria of held-to-maturity or trading securities are classified as available-for-sale, which are measured at fair value with changes in fair value with the unrealized gains or losses recorded in accumulated other comprehensive income (loss) as a component of shareholders’ equity (deficit).

Valued-added taxes ("VAT")

(p)

Valued-added taxes (“VAT”)

The Group is subject to VAT at the rate of 6% or 3% given that they are classified as a general tax payer. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities.

Share-based compensation

(q)

Share-based compensation

Share-based payment transactions with employees are measured based on the grant date fair value of the equity instrument issued and recognized as compensation expense on a graded vesting basis, over the requisite service period, with a corresponding impact reflected in additional paid-in capital. For grants of options and restricted stock units (“RSUs”) subject to service-based and company performance-based vesting conditions, the fair value is established based on the market price on the date of the grant.

The expected term represents the period that share-based awards are expected to be outstanding, giving consideration to the contractual terms of the share-based awards, vesting schedules and expectations of future employee exercise behavior. Volatility is estimated based on annualized standard deviation of daily stock price return of comparable companies for the period before valuation date and with similar span as the expected expiration term. The Group adopted ASU 2016-09 and accounts for forfeitures of the share-based awards when they occur. Previously recognized compensation cost for the awards is reversed in the period that the award is forfeited. Amortization of share-based compensation is presented in the same line item in the consolidated statements of operations and comprehensive income as the cash compensation of those employees receiving the award.

Modifications of the terms or conditions of the awards are treated as an exchange of the original awards for new awards. Incremental compensation cost is measured and recognized as the excess, if any, of the fair value of the modified award over the fair value of the original award immediately before the terms are modified. When the Group cancels unvested options and restricted share units (“RSUs”), the remaining unrecognized expenses are recognized immediately on the cancellation date.

Revenue Recognition

(r)

Revenue Recognition

The Group has adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified ASC Topic 606 on January 1, 2018.

The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, the Group applies the following steps:

•

Step 1: Identify the contract (s) with a customer

•

Step 2: Identify the performance obligations in the contract

•

Step 3: Determine the transaction price

•

Step 4: Allocate the transaction price to the performance obligations in the contract

•

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

Loan facilitation services

The Group provides service through its facilitation of loan transactions between borrowers and institutional funding partners. The Group’s service mainly consist of performing credit assessment on the borrowers, referring qualified borrowers to the institutional funding partners, and facilitating the execution of loan agreements between the parties.

The Group identifies the loan facilitation service as one performance obligation under ASC Topic 606, as the Group does not retain any further obligations after the facilitation of a loan. The Group follows the guidance on immaterial promises when identifying performance obligations and concludes that promises related to post-facilitation service, if any, are immaterial in the context of the contract and do not constitute a performance obligation.

The Group assesses ability and intention to pay the service fees of the customers when they become due and determines if the collection of the service fees is probable, based on historical experiences as well as the credit due diligence performed before cooperation. The Group determines the total transaction price to be the service fees chargeable according to the contracts, net of value-added tax. Under certain agreements, the transaction price includes variable consideration due to borrowers’ actual repayment to institutional funding partners. The Group estimates variable consideration for these contracts using the expected value approach on the basis of historical information.

The Group recognizes revenue when (or as) the entity satisfies the service/ performance obligation by transferring the promised service (that is, an asset) to customers based on the underlying contract terms excluding consideration of impairment of contract assets or accounts receivable. Revenues from loan facilitation services are recognized at the time a loan is facilitated between the institutional funding partners and the borrower and the principal loan balance is transferred to the borrower, at which time the facilitation service is considered completed.

In some cases, the institutional funding partners engage third-party financing guarantee companies to provide guarantee on the performance of the loans the Group facilitates. The Group may, at the request of the institutional funding partner or the third-party financing guarantee company to provide back-to-back guarantee. See details of guarantee arrangement accounting in note 2(l).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(r)

Revenue Recognition – continued

From 2020 to 2022, the institutional funding partners typically engaged third-party non-performing loan management entities to assist on the subsequent collection. The Group was in turn engaged by such non-performing loan management entities to provide information including risk profile and collection methods or plans for the borrowers on its platform to the non-performing loan management entity based on the historical records and experiences that the Group had as of the date when each loan is successfully extended to borrower. The Group no longer provided this service since 2023.

Revenue from technical services is recognized at the time a loan is successfully originated by the institutional funding partner as the technical services are completed at that time.

Guarantee revenue

The stand-ready guarantee liabilities are released into guarantee revenue over the term of the guarantee (see accounting policy for Guarantee arrangement 2(k)).The Group started to provide primary guarantee since the fourth quarter of 2022. For the years ended December 31, 2022 and 2023, revenue from the releasing of guarantee liabilities were RMB47,141 and RMB1,393,081, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(r)

Revenue Recognition – continued

Other revenue

Investor referral

The Group provides referral services in respect of investment products offered by the third-party financial service providers on Youdao wealth platform, a proprietary platform operated by the Group. The Group considers the financial service providers to be its customers, and receives service fees from the customers primarily based on the transaction volume of the investment successfully subscribed by online investors. After the online investors subscribe the products referred by the Group, the Group does not retain any further obligations. The price for each referral charged to the financial service providers is a fixed charged rate as pre-agreed in the service contract. Revenue is recognized when the online investors successfully subscribed to investment products from financial service providers.

Others

Other revenues primarily include service fees charged to the third-party financial service providers for the referral service of borrowers, and interest income generated from loan services to oversea individuals.

Interest income generated from oversea individuals is recognized over the terms of loans receivable using the effective interest rate method under ASC Topic 310. Interest income is not recorded when reasonable doubt exists as to the full, timely collection of interest income or principal. Interest collected upfront at the loan inception is recorded as deferred revenue.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(r)

Revenue Recognition - continued

The following table illustrates the disaggregation of revenue by product and services the Group offered in 2021, 2022 and 2023, respectively, net of VAT and surcharges:


		Year Ended December 31,
		2021		2022		2023
		RMB		RMB		RMB
Revenue from loan facilitation services	At a point in time		1,470,170		2,881,725		3,489,184
Revenue from the releasing of guarantee liabilities	Overtime		—		47,141		1,393,081
Other revenue - investor referral	At a point in time		178,616		269,256		342,181
Other revenue - others	At a point in time/Overtime		131,704		73,292		242,427
Total net revenue			1,780,490		3,271,414		5,466,873

Accounts receivable and contract assets

Contract assets represent the Group’s right to consideration in exchange for services that the Group has transferred to the customer before payment is due. The Group only recognizes accounts receivable and contract assets to the extent that the Group believes it is probable that it will collect substantially all of the consideration to which it will be entitled to in exchange for the services transferred to the customer.

Accounts receivable and contract assets are stated at the historical carrying amount net of write-offs and allowance for collectability in accordance with ASC Topic 326. The Group established an allowance for receivables and contract assets based on estimates, which incorporate historical experience and other factors surrounding the credit risk of specific type of customers. The Group evaluates and adjusts its allowance for receivables and contract assets on a quarterly basis or more often as necessary. Revenue recognized for the years ended December 31, 2021, 2022 and 2023 from performance obligations satisfied (or partially satisfied) in prior periods pertaining to adjustments to variable consideration due to the change of estimated receivables, change of estimated prepayment rate and referral fees was immaterial.

Practical expedients

The Group determines that the acquisition cost paid based on the amount of loans facilitated represents costs to obtain a contract qualifying for capitalization since these payments are directly related to sales achieved during a period. The Group elects to expense such expenses when incurred as the amortization period would have been less than a year.

Employee defined contribution plan

(s)

Employee defined contribution plan

Full time employees of the Group in the PRC participate in a government mandated multi-employer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the Group makes contributions to the government for these benefits based on a certain percentage of the employee’s salaries. The Group has no legal obligation for the benefits beyond the contributions. The total amount that was expensed as incurred was RMB57,363, RMB68,145 and RMB94,300 for the years ended December 31, 2021, 2022 and 2023, respectively.

Facilitation and servicing expense

(t)

Facilitation and servicing expense

Facilitation and servicing expenses primarily consist of variable expenses including costs related to back-to-back guarantee service fee to third-party asset management company, credit assessment, user and system support, payment processing services and collection, associated with facilitating and servicing loans, salaries and benefits and share-based compensation for the personnel who work on credit assessment, data processing and analysis, loan facilitation, user and system support.

Sales and marketing expenses

(u)

Sales and marketing expenses

Sales and marketing expenses primarily consist of variable marketing and promotional expenses, including those expenses related to acquisition and retention of borrowers and institutional funding partners, and general brand and awareness building. Salaries and benefits expenses as well as share-based compensation related to the Group’s sales and marketing personnel and other expenses related to the Group’s sales and marketing team are also included in the sales and marketing expenses. The Group’s borrower acquisition expenses include charges by third-party online channels for online marketing services such as search engine marketing, search engine optimization, information feeds, and referral fees charged by other parties relating to borrower acquisition. The Group expenses all advertising costs as incurred and classifies these costs under sales and marketing expenses. For the years ended December 31, 2021, 2022 and 2023, the advertising expenses were RMB6,695, RMB8,437 and RMB12,658, respectively.

Research and development expenses

(v)

Research and development expenses

Research and development expenses primarily consist of salaries and other compensation expenses for employees engaged in research and development activities, technology infrastructure expenses and server expenses.

Government grant

(w)

Government grant

Government grants are primarily referred to the amounts received from various levels of local governments from time to time which are granted for general corporate purposes and to support its ongoing operations in the region. The grants are determined at the discretion of the relevant government authority and there are no restrictions on their use. The government subsidies are recorded as other income in the period the cash is received and when all the conditions for their receipt have been satisfied. The government grants received by the Group amount to RMB19,762, RMB22,306 and RMB15,398 for the years ended December 31, 2021, 2022 and 2023, respectively.

Income taxes

(x)

Income taxes

Current income taxes are provided for in accordance with the laws of the relevant tax authorities.

Deferred income taxes are provided using assets and liabilities method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are recognized to the extent that these assets are more likely than not to be realized. In making such a determination, the management consider all positive and negative evidence, including future reversals of projected future taxable income and results of recent operation. Deferred tax assets are then reduced by a valuation allowance through a charge to income tax expense when, in the opinion of management, it is more like than not that a portion of or all of the deferred tax assets will not be realized.

The Group accounts for uncertainty in income taxes recognized in the consolidated financial statements by applying a two-step process to determine the amount of the benefit to be recognized. First, the tax position must be evaluated to determine the likelihood that it will be sustained upon external examination by the taxing authorities. If the tax position is deemed more-likely-than-not to be sustained (defined as a likelihood of more than fifty percent of being sustained upon an audit, based on the technical merits of the tax position), the tax position is then assessed to determine the amount of benefits to recognize in the consolidated financial statements. The amount of the benefits that may be recognized is the largest amount that has a greater than 50% likelihood of being realized upon ultimate settlement. Interest and penalties on income taxes will be classified as a component of the provisions for income taxes.

The Group is subject to tax in local and foreign jurisdictions. As a result of its business activities, the Group will file tax returns that are subject to examination by the relevant tax authorities. Tax returns of the Group's major subsidiaries in PRC, Hong Kong, Singapore, Indonesia and Nigeria remain subject to examination by relevant tax authorities for five years, seven years, four years, five years and indefinite years, respectively, from the date of filing.

In accordance with the EIT Law, dividends, which arise from profits of foreign invested enterprises (“FIEs”) earned after January 1, 2008, are subject to a 10% withholding income tax.

Comprehensive income

(y)

Comprehensive income

Comprehensive income is defined to include all changes in equity/(deficit) of the Group during a period arising from transactions and other events and circumstances excluding transactions resulting from investments by shareholders and distributions to shareholders. During the periods presented, comprehensive income is reported on the consolidated statements of operations and comprehensive income, and other comprehensive loss includes foreign currency translation adjustments and fair value changes of available-for-sale debt securities.

Income per share

(z)

Income per share

Basic income per share is computed by dividing net income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the period.

Diluted income per ordinary share reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares. Ordinary share equivalents of stock options are calculated using the treasury stock method. Ordinary share equivalents are excluded from the computation in income periods should their effects be anti-dilutive.

Segment reporting

(aa)

Segment reporting

The Group uses the management approach to determine operating segment. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker (‘‘CODM’’) for making decisions, allocation of resource and assessing performance.

The Group’s CODM has been identified as the Chief Executive Officer who reviews the consolidated results of operations when making decisions about allocating resources and assessing performance of the Group. The Group operates and manages its business as a single reportable segment.

The Group’s long-lived assets are substantially all located in the PRC and substantially all of the Group’s revenues are derived from within the PRC. Therefore, no geographical segments are presented.

Operating leases

(ab) Operating leases

The Group leases administrative office spaces under operating leases and accounts for the leases under ASC 842. The Group determines whether an arrangement constitutes a lease and records lease liabilities and right-of-use assets on its consolidated balance sheets at the lease commencement. The Group measures its lease liabilities based on the present value of the total lease payments not yet paid discounted based on the more readily determinable of the rate implicit in the lease or its incremental borrowing rate, which is the estimated rate the Group would be required to pay for a collateralized borrowing equal to the total lease payments over the term of the lease. The Group estimates its incremental borrowing rate based on an analysis of publicly traded debt securities of companies with credit and financial profiles similar to its own. As of December 31, 2023, the Group’s operating leases had a weighted average remaining lease term of 2.9 years and a weighted average discount rate of 4.22%. The Group measures right-of-use assets based on the corresponding lease liability adjusted for payments made to the lessor at or before the commencement date, and initial direct costs it incurs under the lease. The Group considers only payments that are fixed and determinable at the time of lease commencement. The Group begins recognizing operating lease expense when the lessor makes the underlying asset available to the Group. After considering the factors that create an economic incentive, the Group did not include renewal option periods in the lease term for which it is not reasonably certain to exercise.

Additionally, the Group elects not to recognize lease with lease term of 12 months or less at the commencement date in the consolidated balance sheets and records its operating lease expense in its consolidated statements of operations and comprehensive income on a straight-line basis over the lease term.

Treasury shares

(ac) Treasury shares

The Group accounts for treasury shares using the cost method. Under this method, the cost incurred to purchase the shares is recorded in the treasury shares account in the consolidated balance sheets.

Dividends

(ad) Dividends

Dividends of the Company are recognized when declared.

Recent accounting pronouncements

(ae) Recent accounting pronouncements

Recent Accounting Guidance Not Yet Adopted

In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). This ASU updates reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources. The ASU is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. Early adoption is also permitted. This ASU will likely result in the group including the additional required disclosures when adopted. The Group is currently evaluating the provisions of this ASU and expect to adopt them for the year ending December 31, 2024.

In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. The Group has evaluated this ASU and expects to add additional disclosures to the consolidated financial statements, once adopted.

FINANCIAL STATEMENTS SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS (Details) ¥ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Current assets
Cash and cash equivalents	¥ 370,193	$ 52,141,000	¥ 291,018	¥ 182,551
Prepaid expenses and other current assets	1,921,547	270,644,000	475,981
TOTAL ASSETS	5,644,766	795,049,000	3,020,870
Current Liabilities
Accrued expenses and other current liabilities	720,538	101,486,000	572,135
TOTAL LIABILITIES	3,264,305	459,768,000	1,779,367
Equity
Treasury stock		3,970,056,000
Additional paid-in capital	901,932	127,034,000	870,562
Retained earnings	1,525,841	214,910,000	384,896
Accumulated other comprehensive loss	(10,189)	(1,435,000)	(3,112)
Total Jiayin Group shareholder's equity	2,382,141	335,517,000	1,243,084
TOTAL LIABILITIES AND EQUITY	5,644,766	795,049,000	3,020,870
Parent Company
Current assets
Cash and cash equivalents	804	113,000	8,567
Amounts due from subsidiaries and VIEs	190,018	26,763,000	167,571
Prepaid expenses and other current assets	2,627	370,000	3,248
Total current assets	193,449	27,246,000	179,386
Investments in subsidiaries and VIEs	2,269,730	319,685,000	1,087,634
TOTAL ASSETS	2,463,179	346,931,000	1,267,020
Current Liabilities
Amounts due to subsidiaries and VIEs	55,763	7,854,000	13,458
Accrued expenses and other current liabilities	25,275	3,560,000	10,478
TOTAL LIABILITIES	81,038	11,414,000	23,936
Equity
Ordinary shares	0	0	0
Treasury stock	(35,443)	(4,992,000)	(9,262)
Additional paid-in capital	901,932	127,034,000	870,562
Retained earnings	1,525,841	214,910,000	384,896
Accumulated other comprehensive loss	(10,189)	(1,435,000)	(3,112)
Total Jiayin Group shareholder's equity	2,382,141	335,517,000	1,243,084
TOTAL LIABILITIES AND EQUITY	¥ 2,463,179	$ 346,931,000	¥ 1,267,020

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2023

RELATED PARTY TRANSACTIONS

16.

RELATED PARTY TRANSACTIONS

The table below sets forth the major related parties and their relationships with the Group, with which the Group entered into transactions during the years ended December 31, 2021, 2022 and 2023:


Name of related parties		Relationship with The Group
Microcredit Company (Chongqing) Ltd. (“Massnet Microcredit”)		Affiliate enterprise
Shanghai Jiayin Finance Services Co., Ltd. (“Shanghai Jiayin”)		Entity controlled by Mr. Yan, the Founder and Chairman of the Group
Shanghai Jiayin Zhuoyue Corporate Management Co., Ltd. (“Jiayin Zhuoyue”)		Entity controlled by Mr. Yan, the Founder and Chairman of the Group
GAYANG (Hongkong) Co., Ltd. (“GAYANG”)		Entity controlled by Mr. Yan, the Founder and Chairman of the Group
Jiayin Financial Leasing (Shanghai) Co., Ltd. (“Jiayin Financial Leasing”)		Entity controlled by Mr. Yan, the Founder and Chairman of the Group
Aguila Information, S.A.P.I. de C.V. (“Aguila Information”)		Subsidiary of Company’s equity investee
Keen Best Investments Ltd. (“Keen Best”)		Affiliate enterprise


Subsidiary shareholder		The minority shareholder of the subsidiaries of the Group

16.

RELATED PARTY TRANSACTIONS - continued

The Group entered into the following significant transactions with its related parties:


Nature of transactions	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Services provided by related parties:
Jiayin Zhuoyue (1)		77,048		122,946		115,538
Shanghai Jiayin (2)		—		12,474		2,536
Total		77,048		135,420		118,074
Services provided to related parties
Aguila Information (3)		34,619		6,567		—
Total		34,619		6,567		—


Nature of transactions	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Loans to related parties:
Jiayin Financial Leasing (4)		70,000		—		—
Massnet Microcredit (5)		54,000		—		—
Shanghai Jiayin (6)		47,840		35,000		—
GAYANG (7)		31,306		17,243		—
Aguila Information (8)		—		4,173		—
Keen Best (9)		—		—		13,904
Subsidiary shareholder		—		—		2
Total		203,146		56,416		13,906
Loans from related parties
Shanghai Jiayin (6)		15,000		—		—
Total		15,000		—		—

16.

RELATED PARTY TRANSACTIONS - continued

(1)

Jiayin Zhuoyue refers investors to the Group and charged referral service fees.

(2)

(3)

(4)

The amounts represent non-interest bearing loans to related parties in 2021 for the daily operation, which were fully collected in 2021.

(5)

The Group provided non-interest bearing loan of RMB54 million to Massnet Microcredit, which was fully collected in May, 2021.

(6)

The amount represents loans that were non-interest bearing, unsecured, and due on demand, and were fully collected as of December 31, 2021 and 2022.

(7)

(8)

The amount represents non-interest bearing loans to Aguila Information in 2022, which were fully collected as of December 31, 2022.

(9)

The amount represents non-interest bearing loans to Keen Best in May 2023, which have been fully collected as of December 31, 2023.

16.

RELATED PARTY TRANSACTIONS - continued

The following table present amounts due from and due to related parties as of December 31, 2022 and 2023:


	As of December 31,
	2022		2023
	RMB		RMB
Amounts due from related parties
GAYANG*		17,243		—
Shanghai Jiayin*		500		500
Subsidiary shareholder*		7		9
Total		17,750		509
Amounts due to related parties
Jiayin Zhuoyue**		408		11,325
Shanghai Jiayin**		158		—
Total		566		11,325

*The amounts represented outstanding loans receivable from related parties.

**The amounts represented unsettled service fees for services provided by related parties.

As of December 31, 2022, the Group recorded credit losses of RMB13,536 for outstanding receivables from Aguila Information based on subsequent collection analysis and RMB10,043 for outstanding receivables from GAYANG based on subsequent collection analysis. The credit loss is included in allowance for uncollectible receivables, contract assets, loans receivable and others on the consolidated statements of operations and comprehensive income for the years ended December 31, 2022 and 2023.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

DIVIDENDS

12 Months Ended

Dec. 31, 2023

Dividends Disclosure [Abstract]

DIVIDENDS

13.

DIVIDENDS

On March 28, 2023, the Board of Directors of the Company approved and adopted a dividend policy, under which the Company may choose to declare and distribute cash dividend twice each fiscal year, starting from 2023, at an aggregate amount of no less than 15% of the net income after tax of the Company in the previous fiscal year.

In July 2023, the Board of Directors of the Company has approved a dividend of US dollar 0.10 per ordinary share, which is paid in August, 2023 to shareholders of record as of the close of business on July 28,2023. The aggregate amount of cash distributed for the dividends was US$21,474 (equivalent to RMB156,674).

ACQUISITION - Schedule of Allocation of Purchase Price (Detail) - Shanghai Bweenet ¥ in Thousands	Apr. 30, 2021 CNY (¥)
Business Acquisition [Line Items]
Cash and cash equivalents	¥ 1,145
Accounts receivable	39,952
Inventories	38,590
Prepaid expenses and other current assets	37,474
Short-term loan	(4,000)
Accounts payable	(12,994)
Payroll and welfare payables	(337)
Tax payables	3,600
Accrued expenses and other current liabilities	(3,430)
Noncontrolling interests	(5,000)
Total Consideration	¥ 95,000

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the followings:


	As of December 31,
	2022			2023
	RMB			RMB
Leasehold improvement		8,093			8,093
Motor vehicles		3,038			4,103
Electronic equipment		74,360			103,599
Office equipment & furniture		7,844			7,907
Software		1,407			1,407
Total costs		94,742			125,109
Less: accumulated depreciation and amortization		(75,842	)		(84,777	)
Property and equipment, net		18,900			40,332

For the years ended December 31, 2021, 2022 and 2023, depreciation expenses were RMB13,077, RMB7,668 and RMB9,461 respectively.

INCOME TAXES - Summary of reconciliations of differences between PRC statutory income tax rate and group's effective income tax rate (Detail)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Statutory income tax rate	25.00%	25.00%	25.00%
Non-taxable income	0.00%	(0.71%)	(0.28%)
Reversal of deferred tax liabilities*			(9.75)
Non-deductible expense	2.09%	1.23%	0.81%
Disposal of subsidiaries	(4.50%)		(0.25%)
Research and Development expense super deduction	(4.13%)	(2.09%)	(0.81%)
Effect of tax holiday	(7.05%)	(10.99%)	(4.74%)
Different tax rate of entities operating in other jurisdiction	0.03%	0.55%	0.28%
Valuation allowance	0.30%	0.32%	11.09%
Withholding tax	5.34%
True up	(1.05%)	(1.68%)	(0.17%)
Effective tax rate	16.03%	11.63%	21.18%

SHARE-BASED COMPENSATION - Summary of RSUs activities (Detail) - Restricted stock units	12 Months Ended
	Dec. 31, 2023 ¥ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of RSU'S - Beginning balance \| shares	0
Number of RSU'S - Granted \| shares	1,990
Number of RSU'S - Vested \| shares	(1,690)
Number of RSU'S - Canceled/Forfeited \| shares	(300)
Number of RSU'S - Ending balance \| shares	0
Weighted Average Grant-Date Fair Value- Beginning balance \| ¥ / shares	¥ 0
Weighted Average Grant-Date Fair Value - Granted \| ¥ / shares	29.85
Weighted Average Grant-Date Fair Value - Vested \| ¥ / shares	30
Weighted Average Grant-Date Fair Value - Canceled/Forfeited \| ¥ / shares	29.03
Weighted Average Grant-Date Fair Value - Ending balance \| ¥ / shares	¥ 0

INCOME TAXES - Additional Information (Detail) - CNY (¥) ¥ in Thousands		12 Months Ended
	Jan. 05, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Income tax rate		25.00%	25.00%	25.00%
Income tax reconciliation percentage of tax holiday exemption		7.05%	10.99%	4.74%
Valuation allowances		¥ 16,070	¥ 73,189	¥ 68,932
Tax loss carry-forward		¥ 49,996
Tax loss carry-forward, limitations on use		The Group operates its business through its subsidiaries and VIEs. The Group does not file consolidated tax returns, therefore, losses from individual subsidiaries or the VIEs may not be used to offset other subsidiaries’ or VIEs’ earnings within the Group.
Dividend withholding tax		¥ 40,115
Remaining undistributed earnings		1,819,023
Unrecognized tax benefits		0	240,319	211,064
Unrecognized tax benefits, interest expense or penalty		0	¥ 0	0
Expiring between 2026 to 2028
Income Taxes [Line Items]
Tax loss carry-forward		¥ 60,961
Shanghai Chuangzhen Software Co., Ltd.
Income Taxes [Line Items]
Income tax reconciliation tax holiday exemption amount				¥ 0	¥ 0
Income tax holiday exemption period				3 years	3 years
Income tax reconciliation percentage of tax holiday exemption				50.00%	50.00%
Hong Kong
Income Taxes [Line Items]
Income tax rate		25.00%
Preferential tax rate		15.00%	15.00%
Hong Kong \| Geerong Yunke Information Technology Co., Ltd
Income Taxes [Line Items]
Preferential tax rate		15.00%
Hong Kong \| Geerong Yunke Information Technology Co., Ltd \| Minimum
Income Taxes [Line Items]
Entitled preferential income tax rate year		2022
Hong Kong \| Geerong Yunke Information Technology Co., Ltd \| Maximum
Income Taxes [Line Items]
Entitled preferential income tax rate year		2024
Hong Kong \| Jiayin Shuke Information Technology Co., Ltd
Income Taxes [Line Items]
Preferential tax rate		15.00%
Hong Kong \| Jiayin Shuke Information Technology Co., Ltd \| Minimum
Income Taxes [Line Items]
Entitled preferential income tax rate year		2022
Hong Kong \| Jiayin Shuke Information Technology Co., Ltd \| Maximum
Income Taxes [Line Items]
Entitled preferential income tax rate year		2024
Hong Kong
Income Taxes [Line Items]
Effective income tax rate till two million		8.25%
Effective income tax rate above two million		16.50%
Mexico
Income Taxes [Line Items]
Income tax rate	30.00%
Indonesia
Income Taxes [Line Items]
Percentage of CIT rate		25
Percentage of Corporate Income Tax adjust		22	22	20
Nigeria
Income Taxes [Line Items]
Percentage of corporate income tax rate for large company		30

FINANCIAL STATEMENTS SCHEDULE I (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS

(AMOUNT IN THOUSANDS)


	As of December 31,
	2022			2023
	RMB			RMB			US$
Assets
Current assets
Cash and cash equivalents		8,567			804			113
Amounts due from subsidiaries and VIEs		167,571			190,018			26,763
Prepaid expenses and other current assets		3,248			2,627			370
Total current assets		179,386			193,449			27,246
Investments in subsidiaries and VIEs		1,087,634			2,269,730			319,685
Total assets		1,267,020			2,463,179			346,931
Liabilities
Current Liabilities
Amounts due to subsidiaries and VIEs		13,458			55,763			7,854
Accrued expenses and other current liabilities		10,478			25,275			3,560
Total liabilities		23,936			81,038			11,414
Equity
Ordinary shares		—			—			—
Treasury stock		(9,262	)		(35,443	)		(4,992	)
Additional paid-in capital		870,562			901,932			127,034
Retained earnings		384,896			1,525,841			214,910
Accumulated other comprehensive loss		(3,112	)		(10,189	)		(1,435	)
Total equity		1,243,084			2,382,141			335,517
Total liabilities and equity		1,267,020			2,463,179			346,931

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF COMPREHENSIVE INCOME

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF

COMPREHENSIVE INCOME

(AMOUNT IN THOUSANDS)


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$
Operating costs and expenses:
General and administrative		(6,979	)		(6,494	)		(4,546	)		(640	)
Total operating costs and expenses		(6,979	)		(6,494	)		(4,546	)		(640	)
Loss from operations		(6,979	)		(6,494	)		(4,546	)		(640	)
Interest (expense) income, net		(1	)		(76	)		1,098			155
Other expenses, net		(154	)		(13,445	)		—			—
Loss before income taxes and equity in subsidiaries and share of income from VIEs		(7,134	)		(20,015	)		(3,448	)		(485	)
Equity in earnings of subsidiaries and share of income from VIEs		479,220			1,199,673			1,301,067			183,251
Net income		472,086			1,179,658			1,297,619			182,766
Other comprehensive income, net of tax
Change in cumulative foreign currency translation adjustment		(5,137	)		14,842			(7,077	)		(997	)
Other comprehensive (loss) income		(5,137	)		14,842			(7,077	)		(997	)
Comprehensive income		466,949			1,194,500			1,290,542			181,769

CONDENSED STATEMENTS OF PARENT COMPANY CASH FLOW STATEMENTS

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED STATEMENTS OF PARENT COMPANY CASH FLOW STATEMENTS

(AMOUNT IN THOUSANDS, EXCEPT FOR SHARE AND PER SHARE DATA


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$
Cash flows from operating activities
Net income		472,086			1,179,658			1,297,619			182,766
Adjustments to reconcile net income to net cash used in operating activities:
Share of income from subsidiaries and VIEs		(479,220	)		(1,199,673	)		(1,301,067	)		(183,251	)
Depreciation and amortization		2,597			2,293			1,698			239
Changes in operating assets and liabilities:
Amounts due from/to subsidiaries and VIEs		(5,994	)		(2,151	)		(18,223	)		(2,567	)
Prepaid expenses and other current assets		18			(2,680	)		5,831			820
Dividend distributed from shareholders		—			—			157,672			22,208
Accrued expenses and other current liabilities		(1,804	)		636			780			111
Net cash used in operating activities		(12,317	)		(21,917	)		144,310			20,326
Cash flows from financing activities
Proceeds from exercise of options		3,296			8,783			1,274			179
Repurchase of ordinary shares		—			—			(38,081	)		(5,364	)
Loans from subsidiaries and VIEs		—			—			38,081			5,364
Dividend distributed to shareholders		—			—			(156,674	)		(22,067	)
Net cash provided by (used in) financing activities		3,296			8,783			(155,400	)		(21,888	)
Effect of foreign exchange rate changes on cash and cash equivalents		(4,331	)		13,840			3,327			468
Net (decrease) increase in cash and cash equivalents		(13,352	)		706			(7,763	)		(1,094	)
Cash and cash equivalents at beginning of year		21,213			7,861			8,567			1,207
Cash and cash equivalents at end of the year		7,861			8,567			804			113

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Prepaid Expenses And Other Current Assets

Prepaid expenses and other current assets consisted of the followings:


	As of December 31,
	2022		2023
	RMB		RMB
Receivable from a third party asset management company*		—		933,947
Security deposits, net of credit loss**		414,400		906,720
Others***		61,581		80,880
		475,981		1,921,547

*The balances represent the receivable from the third party company in relation to the back-to-back guarantee services provided to the Group (see Note 2(l)).

Summary of balances of loans receivable

Other includes the following balances of loans receivable::


	As of December 31,
	2022			2023
	RMB			RMB
Loans receivable		21,142			9,149
Less: Allowance for credit losses		(17,991	)		(6,367	)
Loans receivable, net		3,151			2,782

Summary of the allowance for credit losses

The movement of allowance for loans receivable for the years ended December 31, 2021, 2022 and 2023 are as follows:


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Balance at beginning of the year		(27,700	)		(27,255	)		(17,991	)
Current year credit losses		(27,735	)		(18,609	)		(40,766	)
Current year write off		9,087			27,665			29,133
Disposal of a subsidiary		18,236			—			—
Foreign currency exchange		857			208			23,257
Balance at end of the year		(27,255	)		(17,991	)		(6,367	)

ORDINARY SHARES AND TREASURY STOCK - Additional Information (Details) $ / shares in Units, ¥ in Thousands	May 10, 2019 CNY (¥) Vote shares	Dec. 31, 2023 CNY (¥) shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2022 USD ($) $ / shares shares	May 10, 2019 $ / shares shares
Common shares, par value \| $ / shares						$ 0.000000005
Common shares, shares outstanding						216,100,000
Stock sale price \| $ / shares						$ 10.5
IPO Expenses Capitalization \| ¥	¥ 234,354
Treasury Stock, Shares \| $			$ 3,970,056,000
Common Class A [Member]
Common shares, par value \| $ / shares			$ 0.000000005		$ 0.000000005
Common shares, shares outstanding		104,129,944	104,129,944	105,727,404	105,727,404	100,100,000
Number of votes \| Vote	1
Common Class B [Member]
Common shares, par value \| $ / shares			$ 0.000000005		$ 0.000000005
Common shares, shares outstanding		108,000,000	108,000,000	108,000,000	108,000,000	116,000,000
Number of votes \| Vote	10
ADS
Stock issued during period	4,025,000
Ordinary shares
Stock issued during period	16,100,000
Ordinary shares \| Common Class A [Member]
Ordinary shares repurchased		5,329,848	5,329,848	5,994,368	5,994,368
Ordinary shares repurchased amount		¥ 50,438	$ 7,060,000	¥ 24,012	$ 3,454,000
Weighted average price of shares repurchased \| $ / shares			$ 1.32		$ 0.58

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Cash Flows [Abstract]
Disposal of a subsidiary, net of cash disposed	¥ 68,747	¥ 0	¥ 16,043
Acquisition of subsidiary, net of cash acquired	¥ 86,487	¥ 86,487	¥ 86,487

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET

Accounts receivable consists of the following:


	As of December 31,
	2022			2023
	RMB			RMB
Accounts receivable:
Accounts receivable		1,313,288			1,645,005
Less: allowance for credit losses		(2,539	)		(13,752	)
Total accounts receivable		1,310,749			1,631,253

The movement of allowance for uncollectible accounts receivable for the years ended December 31, 2021, 2022 and 2023 are as follows:


	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Balance at the beginning of the year		—		—		2,539
Current year credit losses		—		2,539		13,752
Current year write off		—		—		(2,539	)
Balance at end of the year		—		2,539		13,752

Contract assets consists of the following:


	As of December 31,
	2022		2023
	RMB		RMB
Contract assets		421,469		476,493
Less: Allowance for credit losses		—		(4,201	)
Contract assets, net		421,469		472,292

Provision for credit loss of nil and RMB4,201 was recorded for contract assets for the year ended December 31, 2022 and 2023, respectively.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' (DEFICIT) EQUITY ¥ in Thousands, $ in Thousands	CNY (¥) shares	USD ($) shares	Ordinary shares Class A Ordinary shares shares	Ordinary shares Class B Ordinary shares shares	Treasury stock CNY (¥) shares	Additional paid-in capital CNY (¥)	(Accumulated deficit) Retained earnings CNY (¥)	Accumulated Other Comprehensive Loss CNY (¥)	Non-controlling interests CNY (¥)
Beginning Balance at Dec. 31, 2020	¥ (463,765)					¥ 818,042	¥ (1,266,848)	¥ (12,817)	¥ (2,142)
Beginning Balance (in shares) at Dec. 31, 2020 \| shares			108,100,000	108,000,000
Net income	467,761						472,086		(4,325)
Share-based compensation	15,186					15,186
Exercise of share options	7,352					7,352
Acquisition of a subsidiary	5,000								5,000
Deconsolidation of subsidiaries	(556)								(556)
Foreign currency translation adjustments	(5,229)							(5,137)	(92)
Ending Balance at Dec. 31, 2021	25,749					840,580	(794,762)	(17,954)	(2,115)
Ending Balance (in shares) at Dec. 31, 2021 \| shares			108,100,000	108,000,000
Net income	1,180,232						1,179,658		574
Share-based compensation	42,548					42,548
Exercise of share options	2,184				¥ 1,008	1,176
Exercise of share options (in shares) \| shares					237,988
Vest of Restricted Share Units					¥ 13,742	(13,742)
Vest of Restricted Share Units (in shares) \| shares					3,383,784
Repurchase of ordinary shares	(24,012)				¥ (24,012)
Repurchase of ordinary shares (in shares) \| shares					(5,994,368)
Foreign currency translation adjustments	14,802							14,842	(40)
Ending Balance at Dec. 31, 2022	1,241,503				¥ (9,262)	870,562	384,896	(3,112)	(1,581)
Ending Balance (in shares) at Dec. 31, 2022 \| shares			108,100,000	108,000,000	(2,372,596)
Net income	1,297,576	$ 182,760					1,297,619		(43)
Dividend to shareholders	(156,674)						(156,674)
Share-based compensation	54,353					54,353
Exercise of share options	¥ 1,274				¥ 4,301	(3,027)
Exercise of share options (in shares) \| shares	364,000	364,000			660,950
Vest of Restricted Share Units					¥ 19,956	(19,956)
Vest of Restricted Share Units (in shares) \| shares					3,071,438
Repurchase of ordinary shares	¥ (50,438)				¥ (50,438)
Repurchase of ordinary shares (in shares) \| shares					(5,329,848)
Foreign currency translation adjustments	(7,133)	$ (1,005)						(7,077)	(56)
Ending Balance at Dec. 31, 2023	¥ 2,380,461	$ 335,281			¥ (35,443)	¥ 901,932	¥ 1,525,841	¥ (10,189)	¥ (1,680)
Ending Balance (in shares) at Dec. 31, 2023 \| shares			108,100,000	108,000,000	(3,970,056)

FINANCIAL STATEMENTS SCHEDULE I - CONDENSED STATEMENTS OF PARENT COMPANY CASH FLOW STATEMENTS (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Cash flows from operating activities
Net income	¥ 1,297,619	$ 182,766	¥ 1,179,658	¥ 472,086
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	9,461	1,333	9,961	15,674
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(1,890,443)	(266,264)	(456,221)	(15,503)
Accrued expenses and other current liabilities	445,045	62,684	444,064	54,898
Net cash provided by operating activities	389,588	54,873	133,592	184,540
Cash flows from financing activities
Proceeds from exercise of options	1,274	179	2,184	7,352
Repurchase of ordinary shares	38,081	5,364	14,750
Net cash provided by (used in) financing activities	(193,481)	(27,252)	(12,566)	9,938
Net change in cash, cash equivalents and restricted cash	79,587	11,210	108,474	65,247
Cash, cash equivalents and restricted cash at beginning of the year	293,041	41,274	184,567	119,320
Cash, cash equivalents and restricted cash at end of the year	372,628	52,484	293,041	184,567
Parent Company
Cash flows from operating activities
Net income	1,297,619	182,766	1,179,658	472,086
Adjustments to reconcile net income to net cash used in operating activities:
Share of income from subsidiaries and VIEs	(1,301,067)	(183,251)	(1,199,673)	(479,220)
Depreciation and amortization	1,698	239	2,293	2,597
Changes in operating assets and liabilities:
Amounts due from/to subsidiaries and VIEs	(18,223)	(2,567)	(2,151)	(5,994)
Prepaid expenses and other current assets	5,831	820	(2,680)	18
Dividend distributed from shareholders	157,672	22,208	0	0
Accrued expenses and other current liabilities	780	111	636	(1,804)
Net cash provided by operating activities	144,310	20,326	(21,917)	(12,317)
Cash flows from financing activities
Proceeds from exercise of options	1,274	179	8,783	3,296
Repurchase of ordinary shares	(38,081)	(5,364)	0	0
Loans from subsidiaries and VIEs	38,081	5,364	0	0
Dividend distributed to shareholders	(156,674)	(22,067)	0	0
Net cash provided by (used in) financing activities	(155,400)	(21,888)	8,783	3,296
Effect of foreign exchange rate changes on cash and cash equivalents	3,327	468	13,840	(4,331)
Net change in cash, cash equivalents and restricted cash	(7,763)	(1,094)	706	(13,352)
Cash, cash equivalents and restricted cash at beginning of the year	8,567	1,207	7,861	21,213
Cash, cash equivalents and restricted cash at end of the year	¥ 804	$ 113	¥ 8,567	¥ 7,861

RESTRICTED NET ASSETS

12 Months Ended

Dec. 31, 2023

Restricted Net Assets [Abstract]

RESTRICTED NET ASSETS

18.

RESTRICTED NET ASSETS

The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the VIEs and subsidiaries of the VIEs incorporated in PRC only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The consolidated results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s subsidiaries.

Under PRC law, the Company’s subsidiaries, VIEs and the subsidiaries of the VIEs located in the PRC (collectively referred as the “PRC entities”) are required to provide for certain statutory reserves, namely a general reserve, an enterprise expansion fund and a staff welfare and bonus fund. The PRC entities are required to allocate at least 10% of their after tax profits on an individual company basis as determined under PRC accounting standards to the statutory reserve and has the right to discontinue allocations to the statutory reserve if such reserve has reached 50% of registered capital on an individual company basis. In addition, the registered capital of the PRC entities is also restricted.

Amounts restricted that include paid in capital and statutory reserve funds, as determined pursuant to PRC GAAP, is RMB 894,476 as of December 31, 2023.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

19.

SUBSEQUENT EVENTS

Dividend

In January 2024, the Board of Directors of the Company approved a dividend of US dollar 0.10 per ordinary share, which was paid in January 2024 to shareholders of record as of the close of business on January 19, 2024. The aggregate amount of cash distributed for the dividends is approximately US$21,213 (equivalent to RMB151,843).

RSUs Grant

In April 2024, the Group granted 70,000 RSUs to eligible employees pursuant to the 2019 Plan.

FINANCIAL STATEMENTS SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF COMPREHENSIVE INCOME (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Operating costs and expenses:
General and administrative	¥ (214,856)	$ (30,262)	¥ (194,039)	¥ (165,150)
Total operating cost and expenses	4,134,403	582,318	2,089,395	1,348,534
Loss from operations	1,332,470	187,675	1,182,019	431,956
Interest (expense) income, net	12,895	1,816	281	(1,117)
Other expenses, net	14,834	2,089	43,447	16,952
Income before income taxes and share of gain from equity method investments	1,547,182	217,916	1,327,690	585,834
Other comprehensive income, net of tax
Change in cumulative foreign currency translation adjustment	(7,133)	(1,005)	14,802	(5,229)
Comprehensive income	1,290,542	181,769	1,194,500	466,949
Parent Company
Operating costs and expenses:
General and administrative	(4,546)	(640)	(6,494)	(6,979)
Total operating cost and expenses	(4,546)	(640)	(6,494)	(6,979)
Loss from operations	(4,546)	(640)	(6,494)	(6,979)
Interest (expense) income, net	1,098	155	(76)	(1)
Other expenses, net	0	0	(13,445)	(154)
Income before income taxes and share of gain from equity method investments	(3,448)	(485)	(20,015)	(7,134)
Equity in earnings of subsidiaries and share of income from VIEs	1,301,067	183,251	1,199,673	479,220
Net income	1,297,619	182,766	1,179,658	472,086
Other comprehensive income, net of tax
Change in cumulative foreign currency translation adjustment	(7,077)	(997)	14,842	(5,137)
Other comprehensive (loss) income	(7,077)	(997)	14,842	(5,137)
Comprehensive income	¥ 1,290,542	$ 181,769	¥ 1,194,500	¥ 466,949

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Accrued Expenses And Other Current Liabilities (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Payables and Accruals [Abstract]
Deposits	¥ 309,832		¥ 287,001
Accrued expenses	313,041		254,943
Deferred tax liabilities	40,115
Others	57,550		30,191
Accrued expenses and other current liabilities	¥ 720,538	$ 101,486	¥ 572,135

- Definition

Deposits From a Third Party.

+ References + Details

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of share-based compensation expenses

The following table presents the classification of the Group’s share-based compensation expenses:


	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Facilitation and servicing		3,159		2,408		4,921
General and administrative		5,021		33,740		31,464
Research and development		5,461		6,038		6,823
Sales and marketing		1,545		362		11,145
Total		15,186		42,548		54,353

Summary of share option activities

The summary of the Share Option activities is as follows:


	Number of Options (in ‘000s)			Weighted Average Exercise Price		Weighted Average Remaining Contract Life		Aggregate Intrinsic Value
				RMB		Years		RMB
Options outstanding at December 31, 2022		894			3.5		1.27		16,076
Granted		—			—		—		—
Exercised		(364	)
Forfeited		(472	)
Options outstanding at December 31, 2023		58			3.5		2.00		894
Options exercisable at December 31, 2023	12			3.5		1.68			185
Options vested or expected to be vested at December 31, 2023	58			3.5			2.00		894

Summary of RSUs activities

The summary of the RSUs activities in 2023 is as follows:


	Number of RSUs (in ‘000s)			Weighted Average Grant-Date Fair Value
				RMB
Unvested at January 1, 2023		—			—
Granted		1,990			29.85
Vested		(1,690	)		30.00
Canceled/Forfeited		(300	)		29.03
Unvested at December 31, 2023		—			—

LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of supplemental consolidated balance sheet information related to leases

Supplemental consolidated balance sheet information related to leases was as follows:


	As of December 31,
	2022			2023
Operating leases:	RMB			RMB
Operating leases right-of-use assets		27,604			49,659
Current portion of lease liabilities		24,986			15,570
Non-current portion of lease liabilities		2,479			32,388
Total operating lease liabilities		27,465			47,958
Weighted average remaining lease term (in years)		1.2			2.9
Weighted average discount rate		4.75	%		4.22	%

Summary of cash flow information related to leases

Supplemental cash flow information related to leases for the years ended December 31, 2022 and 2023 is as follows:


	For the year ended December 31,
	2022		2023
	RMB		RMB
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases		21,977		22,595
Non-cash right-of-use assets in exchange for new lease liabilities:
Operating leases		12,655		46,954

Summary of maturities of lease payments

Maturities of lease payments by year and in the aggregate, under non-cancellable operating leases with terms in excess of one year as of December 31, 2023 are as follows:


	RMB
2024		16,951
2025		16,215
2026 and thereafter		17,689
Total lease payment		50,855
Less imputed interest		(2,897	)
Total		47,958

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Parenthetical) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Net revenue	¥ 5,466,873	¥ 3,271,414	¥ 1,780,490
Related Party [Member]
Net revenue	¥ 0	¥ 6,567	¥ 34,619

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of condensed financial statement balances and amounts of Company's VIEs


	As of December 31,
	2022		2023
	RMB		RMB
Cash and cash equivalents		16,294		81,384
Restricted cash		2,023		2,435
Financial Assets receivable, net		53,373		—
Accounts receivable, net		71,184		97,187
Prepaid expenses and other current assets, net		126,154		31,101
Deferred tax assets, net		26,914		13,935
Property and equipment, net		8,123		9,538
Right-of-use assets		14,297		17,271
Other non-current assets		242		—
TOTAL ASSETS		318,604		252,851
Deferred guarantee income		51,079		—
Payroll and welfare payables		35,900		41,189
Tax payables		286,705		24,249
Accrued expenses and other current liabilities		184,008		220,770
Other payable related to the disposal of Shanghai Caiyin		188,300		—
Lease liabilities		14,598		16,647
TOTAL LIABILITIES		760,590		302,855


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Net revenue		680,790			972,029			473,239
Operating (loss) income		(15,802	)		52,204			(1,140,806	)
Net income (loss)		89,149			164,741			(868,605	)
Net cash provided by (used in) operating activities		98,486			8,807			(1,095,655	)
Net cash used in investing activities		(96,180	)		(7,265	)		(74,100	)
Net cash used in financing activities		—			—			—

Schedule of aging of the Group's contractual amounts of the outstanding loans subject to guarantee

The following table summarizes the aging of the Group’s contractual amounts of the outstanding loans subject to guarantee:

           
          0-30days

           
          past due

          Current

          Total loans

December 31, 2023

—

13,694,236

13,694,236

Summary of obligation with guarantee liability

The following table sets forth the activities of the Group’s obligations associated with the deferred guarantee income for the years ended December 31, 2022 and 2023:


	Year ended December 31,
	2022			2023
	RMB			RMB
Opening balances		—			276,518
Fair value of guarantee liabilities at inception of new loans		326,086			2,296,882
Release of guarantee liabilities		(49,568	)		(1,475,238	)
Disposal of subsidiary		—			(211,300	)
Ending balances		276,518			886,862

*The Group disposed of a financing guarantee subsidiary and transferred out the remaining guarantee obligation to a third party company in April 2023. For more details, please refer to Note 8.

Summary of financial assets receivables

The following table presents the Group’s financial assets receivable as of December 31, 2022 and 2023:


	Year ended December 31,
	2022		2023
	RMB		RMB
Financial assets receivable		292,342		998,835
Allowance for credit losses of financial assets receivable		—		(7,207	)
Financial assets receivable, net		292,342		991,628

Summary of property and equipment estimated useful lives

Property and equipment consist of the following and depreciation is calculated on a straight-line basis over the following estimated useful lives are:


	Category		Estimated useful life
	Electronic equipment		3 years

	Office equipment & Furniture		5 years

	Motor vehicles		4 years

	Leasehold improvement		Shorter of the lease term or expected useful life

	Software		10 years

Summary of disaggregation of revenue by product

The following table illustrates the disaggregation of revenue by product and services the Group offered in 2021, 2022 and 2023, respectively, net of VAT and surcharges:


		Year Ended December 31,
		2021		2022		2023
		RMB		RMB		RMB
Revenue from loan facilitation services	At a point in time		1,470,170		2,881,725		3,489,184
Revenue from the releasing of guarantee liabilities	Overtime		—		47,141		1,393,081
Other revenue - investor referral	At a point in time		178,616		269,256		342,181
Other revenue - others	At a point in time/Overtime		131,704		73,292		242,427
Total net revenue			1,780,490		3,271,414		5,466,873

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

The following table presents the classification of the Group’s share-based compensation expenses:


	Year ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Facilitation and servicing		3,159		2,408		4,921
General and administrative		5,021		33,740		31,464
Research and development		5,461		6,038		6,823
Sales and marketing		1,545		362		11,145
Total		15,186		42,548		54,353

Share Options

In September 2016, Jiayin Technology approved an employee incentive plan (the “2016 Plan”) and utilized a limited liability partnership (“LLP”) as a vehicle to hold 13,500,000 shares that will be used under the 2016 Plan. The shares were contributed by the Founder and a company controlled by the Founder is the general partner (“GP”) of the LLP. The 2016 Plan allows the grantees to hold options to purchase LLP shares from the GP or the designated persons to indirectly hold the equity shares of Jiayin Technology.

Options have a 4.5-year life and vest at 15%, 25%, 30%, and 30% respectively at each anniversary. The awards are in substance share-based expenses incurred by the controlling Founder on behalf of the Company. The related expenses are reflected in the Group’s consolidated financial statements as share-based compensation expenses with an offsetting to additional paid-in capital. Given the shares owned by the LLP for the purpose of the 2016 Plan are existing outstanding shares of Jiayin Technology, the option does not have dilution effect on income per share.

In February 2019, the Group adopted the 2019 Share Incentive Plan (“2019 Plan”), effectively upon the completion of the Company’s initial public offering (“IPO”) to replace the 2016 Plan on a 4:1 ratio. The 2019 Plan contains performance vesting condition related to the operation results of the Group and the business department the grantee belongs to, as well as the grantee’s individual performance. The modification did not result in any incremental value. The shares to be issued under the 2019 Plan can be either new shares or treasury shares.

In August 2021, the Group granted one batch options equivalent of 108,400 share options of Jiayin Group with the exercise price of RMB3.5 per America Depository Shares (“ADSs”) to a then employee pursuant to the 2019 Plan. The options were fully exercised in 2021.

The weighted average grant date fair value of options granted during the years ended December 31, 2021, 2022 and 2023 was RMB18.60 per ADS, nil and nil, respectively.

SHARE-BASED COMPENSATION – continued

The summary of the Share Option activities is as follows:


	Number of Options (in ‘000s)			Weighted Average Exercise Price		Weighted Average Remaining Contract Life		Aggregate Intrinsic Value
				RMB		Years		RMB
Options outstanding at December 31, 2022		894			3.5		1.27		16,076
Granted		—			—		—		—
Exercised		(364	)
Forfeited		(472	)
Options outstanding at December 31, 2023		58			3.5		2.00		894
Options exercisable at December 31, 2023	12			3.5		1.68			185
Options vested or expected to be vested at December 31, 2023	58			3.5			2.00		894

Total share-based compensation cost for the Share Options amounted to RMB15,186, RMB6,855 and RMB4,380 for the years ended December 31, 2021, 2022 and 2023, respectively. As of December 31, 2023, there was RMB181 in total unrecognized compensation cost, net of estimated forfeitures, related to non-vested stock options, which is expected to be recognized over a weighted average period of 2.00 years.

Restricted Share Units ("RSUs”)

The Group granted RSUs under 2019 plan which vested upon satisfaction of both service-based vesting conditions and performance-based vesting conditions. Performance-based RSUs vest in certain installments after the grant letter date, pending certification of performance achievement by the management and continued service. The fair value of performance-condition awards is based on the closing market price of the Group’s common stock on the grant date. The Group recorded share-based compensation expense for RSUs over the requisite service period when the performance condition is probable to meet and accounted for forfeitures as they occur.

The summary of the RSUs activities in 2023 is as follows:


	Number of RSUs (in ‘000s)			Weighted Average Grant-Date Fair Value
				RMB
Unvested at January 1, 2023		—			—
Granted		1,990			29.85
Vested		(1,690	)		30.00
Canceled/Forfeited		(300	)		29.03
Unvested at December 31, 2023		—			—

Total share-based compensation cost for the RSUs amounted to nil, RMB35,693 and RMB49,973 for the year ended December 31, 2021, 2022 and 2023, respectively. During the year ended December 31, 2023, 1,690 share units were exercised with an aggregate intrinsic value of RMB50,700. As of December 31, 2023, there was nil in total unrecognized compensation cost related to RSUs.

LONG-TERM INVESTMENTS - Additional Information (Detail) ¥ in Thousands, $ in Thousands			12 Months Ended
	Jan. 05, 2021	Sep. 29, 2020 CNY (¥)	Dec. 31, 2023 CNY (¥) ConvertibleNotes Loans	Dec. 31, 2023 USD ($) ConvertibleNotes Loans	Dec. 31, 2022 CNY (¥) ConvertibleNotes	Dec. 31, 2021 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2020 shares
Long Term Investments [Line Items]
Share of gain (loss) from equity method investments			¥ (1,990)	$ (280)	¥ 7,940	¥ 7,651
Long-term investments			¥ 101,481		¥ 90,497		$ 14,293
Number of convertible notes purchased \| ConvertibleNotes			2	2	2
Number of loans lent \| Loans			2	2
Loans lent			¥ 44,709
Annual interest rate of loans lent			10.00%	10.00%
PT Rumah Inovasi JET
Long Term Investments [Line Items]
Convertible notes purchased			¥ 51,006		¥ 51,006
Keen Best
Long Term Investments [Line Items]
Share of gain (loss) from equity method investments			¥ (1,990)		(1,211)	(806)
Number of ordinary shares acquired \| shares								35
Equity Percent Acquired								35.00%
Purchase price for shares		¥ 91,957
Aguila Information
Long Term Investments [Line Items]
Equity ownership percent transferred	6.00%
Emprende Conmovi, S.A. DE C.V., Sofom, Enr
Long Term Investments [Line Items]
Equity ownership percent transferred			8.00%				8.00%
Purchase consideration \| $				$ 500
Aguila Information, S.A.P.I. de C.V.
Long Term Investments [Line Items]
Equity ownership percent before agreement to transfer equity interest	51.00%
Equity ownership percent after agreement to transfer equity interest	45.00%
Share of gain (loss) from equity method investments					9,151	8,457
Dividend return						2,586
Long-term investments					15,078	¥ 5,819
Impairment on investment					¥ 15,078

PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expenses	¥ 9,461	¥ 7,668	¥ 13,077

INCOME TAXES - Summary of effect of tax holiday (Detail) - CNY (¥) ¥ / shares in Units, ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax saving amount due to HNTE status, software enterprise and other jurisdiction	¥ 108,922	¥ 139,441	¥ 26,441
Income (loss) per share effect-basic and diluted	¥ 0.51	¥ 0.65	¥ 0.12

INCOME TAXES - Summary of changes in valuation allowance (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Balance at beginning of the year	¥ (73,189)	¥ (68,932)
Additions	(4,676)	(4,880)
Reversals	5	623
Disposal of subsidiaries	61,790
Balance at end of the year	¥ (16,070)	¥ (73,189)

ORGANIZATION AND PRINCIPAL ACTIVITIES - Summary of principal subsidiaries and VIEs (Detail)	12 Months Ended
	Dec. 31, 2023
Subsidiaries [Member] \| Jiayin Holdings Limited
Date of incorporation/establishment or acquisition	Jan. 31, 2018
Place of incorporation/establishment	BVI
Percentage of direct or indirect ownership	100.00%
Principal activities	Investment Holding
Subsidiaries [Member] \| Geerong(HK) Limited (formerly known as "Jiayin (HK) Limited")
Date of incorporation/establishment or acquisition	Jan. 31, 2018
Place of incorporation/establishment	Hong Kong
Percentage of direct or indirect ownership	100.00%
Principal activities	Investment Holding
Subsidiaries [Member] \| Jiayin Southeast Asia Holdings Limited
Date of incorporation/establishment or acquisition	Feb. 28, 2018
Place of incorporation/establishment	BVI
Percentage of direct or indirect ownership	100.00%
Principal activities	Investment Holding
Subsidiaries [Member] \| Shanghai Kunjia Technology Co.,Ltd. ("Shanghai Kunjia")
Date of incorporation/establishment or acquisition	Jun. 30, 2018
Place of incorporation/establishment	Shanghai
Percentage of direct or indirect ownership	100.00%
Principal activities	Investment Holding
Subsidiaries [Member] \| Geerong Yunke Information Technology Co., Ltd
Date of incorporation/establishment or acquisition	Jul. 31, 2019
Place of incorporation/establishment	Shanghai
Percentage of direct or indirect ownership	100.00%
Principal activities	Technologydevelopmentand consumer financeservices
Subsidiaries [Member] \| Geerong Yun (Shanghai) Technology Development Co., Ltd. (formerly known as "Geerong Yun (Shanghai) Enterprise Development Co., Ltd.")
Date of incorporation/establishment or acquisition	Sep. 30, 2019
Place of incorporation/establishment	Shanghai
Percentage of direct or indirect ownership	100.00%
Principal activities	Technologydevelopmentand consumer financeservices
Subsidiaries [Member] \| Shanghai Chuangzhen Software Co., Ltd.
Date of incorporation/establishment or acquisition	Apr. 30, 2020
Place of incorporation/establishment	Shanghai
Percentage of direct or indirect ownership	100.00%
Principal activities	Technology service
Subsidiaries [Member] \| Hainan Yinke Financing Guarantee Co., Ltd.
Date of incorporation/establishment or acquisition	Aug. 31, 2021
Place of incorporation/establishment	Hainan
Percentage of direct or indirect ownership	100.00%
Principal activities	Guarantee service
Variable Interest Entity, Primary Beneficiary Shanghai Jiayin Technology Co., Ltd. ("Jiayin Technology", formerly known as "Shanghai Jiayin Finance Technology Co., Ltd.")
Date of incorporation/establishment or acquisition	Jun. 30, 2015
Place of incorporation/establishment	Shanghai
Principal activities	Technology service
Variable Interest Entity, Primary Beneficiary Shanghai Jiajie Internet Information Services Co., Ltd. (formerly known as "Shanghai Jiajie Finance Information Services Co., Ltd.")
Date of incorporation/establishment or acquisition	Jul. 31, 2019
Place of incorporation/establishment	Shanghai
Principal activities	Technologydevelopmentand consumer financeservices
Variable Interest Entity, Primary Beneficiary Jiayin Shuke Information Technology Co., Ltd.
Date of incorporation/establishment or acquisition	Jan. 31, 2021
Place of incorporation/establishment	Shanghai
Principal activities	Technology service
Variable Interest Entity, Primary Beneficiary Guangxi Chuangzhen Information Technology Co., Ltd.
Date of incorporation/establishment or acquisition	Jan. 31, 2022
Place of incorporation/establishment	Guangxi
Principal activities	Technology service

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)

Basis of presentation

The accompanying consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

(b)

Principles of consolidation

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity

The VIE Arrangement with Shanghai Kunjia, the WFOE

The agreements that provide the Company effective control over the VIE and its subsidiary include:

Powers of Attorney:

Exclusive Purchase Agreement:

The agreements that transfer economic benefits to the Company include:

Exclusive Consultation and Service Agreement:

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity - continued

The VIE Arrangement with Shanghai Kunjia, the WFOE - continued

Equity Pledge Agreement:

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity - continued

The VIE Arrangement with Shanghai Kunjia, the WFOE - continued


	As of December 31,
	2022		2023
	RMB		RMB
Cash and cash equivalents		16,294		81,384
Restricted cash		2,023		2,435
Financial Assets receivable, net		53,373		—
Accounts receivable, net		71,184		97,187
Prepaid expenses and other current assets, net		126,154		31,101
Deferred tax assets, net		26,914		13,935
Property and equipment, net		8,123		9,538
Right-of-use assets		14,297		17,271
Other non-current assets		242		—
TOTAL ASSETS		318,604		252,851
Deferred guarantee income		51,079		—
Payroll and welfare payables		35,900		41,189
Tax payables		286,705		24,249
Accrued expenses and other current liabilities		184,008		220,770
Other payable related to the disposal of Shanghai Caiyin		188,300		—
Lease liabilities		14,598		16,647
TOTAL LIABILITIES		760,590		302,855


	Year ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Net revenue		680,790			972,029			473,239
Operating (loss) income		(15,802	)		52,204			(1,140,806	)
Net income (loss)		89,149			164,741			(868,605	)
Net cash provided by (used in) operating activities		98,486			8,807			(1,095,655	)
Net cash used in investing activities		(96,180	)		(7,265	)		(74,100	)
Net cash used in financing activities		—			—			—

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(b)

Principles of consolidation - continued

Variable interest entity - continued

The VIE Arrangement with Shanghai Kunjia, the WFOE - continued

(c)

Reclassification

(d)

Use of estimates

(e)

Fair value

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(f)

Certain risks and concentrations

For the year ended December 31, 2023, Customer A contributed 15% of total net revenue of the Group. As of December 31, 2023, Customer A accounted for 23% of accounts receivable and contract assets.

(g)

Foreign currency translation

(h)

Convenience translation

(i)

Foreign currency risk

(j)

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and demand deposits which are highly liquid and have original maturities of three months or less and are unrestricted as to withdrawal or use.

(k)

Restricted cash

Restricted cash mainly represents restricted deposit requested by custodian bank for business purpose.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(l)

Guarantee arrangement

Primary guarantee

The following table summarizes the aging of the Group’s contractual amounts of the outstanding loans subject to guarantee:

           
          0-30days

           
          past due

          Current

          Total loans

December 31, 2023

—

13,694,236

13,694,236

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(l)

Guarantee arrangement - continued

Deferred guarantee income and Expected credit loss under ASC 326

The following table sets forth the activities of the Group’s obligations associated with the deferred guarantee income for the years ended December 31, 2022 and 2023:


	Year ended December 31,
	2022			2023
	RMB			RMB
Opening balances		—			276,518
Fair value of guarantee liabilities at inception of new loans		326,086			2,296,882
Release of guarantee liabilities		(49,568	)		(1,475,238	)
Disposal of subsidiary		—			(211,300	)
Ending balances		276,518			886,862

*The Group disposed of a financing guarantee subsidiary and transferred out the remaining guarantee obligation to a third party company in April 2023. For more details, please refer to Note 8.

Financial assets receivable

The following table presents the Group’s financial assets receivable as of December 31, 2022 and 2023:


	Year ended December 31,
	2022		2023
	RMB		RMB
Financial assets receivable		292,342		998,835
Allowance for credit losses of financial assets receivable		—		(7,207	)
Financial assets receivable, net		292,342		991,628

Secondary guarantee

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(m)

Current Expected Credit Losses

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(n)

Property and equipment


	Category		Estimated useful life
	Electronic equipment		3 years

	Office equipment & Furniture		5 years

	Motor vehicles		4 years

	Leasehold improvement		Shorter of the lease term or expected useful life

	Software		10 years

(o)

Long-term investments

Equity Investments Accounted for Using the Equity Method

Equity securities without readily determinable fair values

Available-for-sale debt securities

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(p)

Valued-added taxes (“VAT”)

(q)

Share-based compensation

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(r)

Revenue Recognition

The Group has adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified ASC Topic 606 on January 1, 2018.

•

Step 1: Identify the contract (s) with a customer

•

Step 2: Identify the performance obligations in the contract

•

Step 3: Determine the transaction price

•

Step 4: Allocate the transaction price to the performance obligations in the contract

•

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

Loan facilitation services

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(r)

Revenue Recognition – continued

Revenue from technical services is recognized at the time a loan is successfully originated by the institutional funding partner as the technical services are completed at that time.

Guarantee revenue

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(r)

Revenue Recognition – continued

Other revenue

Investor referral

Others

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(r)

Revenue Recognition - continued

The following table illustrates the disaggregation of revenue by product and services the Group offered in 2021, 2022 and 2023, respectively, net of VAT and surcharges:


		Year Ended December 31,
		2021		2022		2023
		RMB		RMB		RMB
Revenue from loan facilitation services	At a point in time		1,470,170		2,881,725		3,489,184
Revenue from the releasing of guarantee liabilities	Overtime		—		47,141		1,393,081
Other revenue - investor referral	At a point in time		178,616		269,256		342,181
Other revenue - others	At a point in time/Overtime		131,704		73,292		242,427
Total net revenue			1,780,490		3,271,414		5,466,873

Accounts receivable and contract assets

Practical expedients

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(s)

Employee defined contribution plan

(t)

Facilitation and servicing expense

(u)

Sales and marketing expenses

(v)

Research and development expenses

(w)

Government grant

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(x)

Income taxes

Current income taxes are provided for in accordance with the laws of the relevant tax authorities.

In accordance with the EIT Law, dividends, which arise from profits of foreign invested enterprises (“FIEs”) earned after January 1, 2008, are subject to a 10% withholding income tax.

(y)

Comprehensive income

(z)

Income per share

Basic income per share is computed by dividing net income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the period.

(aa)

Segment reporting

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

(ab) Operating leases

(ac) Treasury shares

(ad) Dividends

Dividends of the Company are recognized when declared.

(ae) Recent accounting pronouncements

Recent Accounting Guidance Not Yet Adopted

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

17.

COMMITMENTS AND CONTINGENCIES

Capital and other commitments

The Group did not have significant capital, other commitments or long term obligations as of December 31, 2023.

Contingencies

The Group are currently not a party to any material legal or administrative proceedings. The Group may from time to time be subject to various legal or administrative claims and proceedings arising in the ordinary course of business. Litigation or any other legal or administrative proceeding, regardless of the outcome, is likely to result in substantial cost and diversion of the Group’s resources, including the Group’s management’s time and attention.

Cover Page	12 Months Ended
Cover Page	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Registrant Name	Jiayin Group Inc.
Entity Central Index Key	0001743102
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Voluntary Filers	No
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Entity Address, Address Line One	18th Floor, Building No. 1, Youyou Century Plaza
Entity Address, Address Line Two	428 South Yanggao Road
Entity Address, Address Line Three	Pudong New Area
Entity Address, City or Town	Shanghai
Entity Address, Postal Zip Code	200122
Entity Incorporation, State or Country Code	F4
Entity Address, Country	CN
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-38806
Trading Symbol	JFIN
Title of 12(b) Security	American Depositary Shares
Security Exchange Name	NASDAQ
Document Shell Company Report	false
Document Registration Statement	false
Entity Bankruptcy Proceedings, Reporting Current	false
Auditor Name	Marcum Asia CPAs LLP
Auditor Location	New York, New York
Auditor Firm ID	5395
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	18th Floor, Building No. 1, Youyou Century Plaza
Entity Address, Address Line Two	428 South Yanggao Road
Entity Address, Address Line Three	Pudong New Area
Entity Address, City or Town	Shanghai
Entity Address, Postal Zip Code	200122
Entity Address, Country	CN
Contact Personnel Name	Chunlin Fan
Local Phone Number	6190-6826
City Area Code	21
Contact Personnel Email Address	fanchunlin@jiayinfintech.cn
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	104,129,944
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	108,000,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of property and equipment estimated useful lives (Detail)	Dec. 31, 2023
Electronic equipment
Property Plant And Equipment [Line Items]
Estimated useful life	3 years
Office equipment & Furniture
Property Plant And Equipment [Line Items]
Estimated useful life	5 years
Motor vehicles
Property Plant And Equipment [Line Items]
Estimated useful life	4 years
Leasehold improvement
Property Plant And Equipment [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	us-gaap:UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember
Software
Property Plant And Equipment [Line Items]
Estimated useful life	10 years

RESTRICTED NET ASSETS - Additional Information (Detail) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)
Restricted Net Assets [Abstract]
Minimum percentage of after tax profit to be allocated to statutory reserve	10.00%
Percentage of registered capital where entity has the right to discontinue allocations to the statutory reserve	50.00%
Amounts restricted that include paid in capital and statutory reserve funds, as determined pursuant to PRC GAAP	¥ 894,476

LEASES - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease expenses	¥ 25,073	¥ 29,229	¥ 17,892
Short-term leases expense	¥ 4,040	¥ 7,158	¥ 109

INCOME TAXES - Summary of significant components of deferred tax assets and deferred tax liabilities (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Accrued expenses and payroll and welfare payables	¥ 43,423	¥ 52,628
Property, plant and equipment	95
Unrealized exchange difference	4,191	87
Allowance for uncollectible receivables, contract assets, loans receivable and others	9,240	56,436
Net loss carryforward	20,295	23,514
Others		11,435
Gross deferred tax assets	77,244	144,100
Valuation allowances	(16,070)	(73,189)	¥ (68,932)
Net deferred tax assets	61,174	70,911
Deferred tax liabilities
Property, plant and equipment		(133)
Total deferred tax liabilities		(133)
Deferred tax assets, net	61,174	¥ 70,778
Dividend withholding tax	¥ 40,115

INCOME PER SHARE - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Shares with dilutive effect	0	0	0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of disaggregation of revenue by product (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Disaggregation Of Revenue [Line Items]
Net revenue	¥ 5,466,873	$ 769,993	¥ 3,271,414	¥ 1,780,490
Loan facilitation services \| At a point in time
Disaggregation Of Revenue [Line Items]
Net revenue	3,489,184		2,881,725	1,470,170
Releasing of guarantee liabilities
Disaggregation Of Revenue [Line Items]
Net revenue	1,393,081		47,141
Releasing of guarantee liabilities \| Overtime
Disaggregation Of Revenue [Line Items]
Net revenue	1,393,081		47,141
Other revenue - Investor referral \| At a point in time
Disaggregation Of Revenue [Line Items]
Net revenue	342,181		269,256	178,616
Other revenue - others \| At a point in time /Overtime
Disaggregation Of Revenue [Line Items]
Net revenue	¥ 242,427		¥ 73,292	¥ 131,704

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

DIVIDENDS - Additional Information (Detail) $ / shares in Units, ¥ in Thousands, $ in Thousands	1 Months Ended				12 Months Ended
	Jan. 31, 2024 CNY (¥)	Jan. 31, 2024 USD ($) $ / shares	Jul. 31, 2023 CNY (¥)	Jul. 31, 2023 USD ($) $ / shares	Dec. 31, 2023
Dividends Payable [Line Items]
Dividend policy adoption date					Mar. 28, 2023
Dividend payable, description					declare and distribute cash dividend twice each fiscal year
Minimum percentage of net income after tax of prior year to be distributed as dividend					15.00%
Dividends payable, date declared			Jul. 31, 2023	Jul. 31, 2023
Dividends payable, amount per share				$ 0.1
Dividends payable, date to be paid			Aug. 31, 2023	Aug. 31, 2023
Dividends payable, date of record			Jul. 28, 2023	Jul. 28, 2023
Cash distributed for the dividends			¥ 156,674	$ 21,474
Subsequent Event
Dividends Payable [Line Items]
Dividends payable, amount per share		$ 0.1
Dividends payable, date of record	Jan. 19, 2024	Jan. 19, 2024
Cash distributed for the dividends	¥ 151,843	$ 21,213

RELATED PARTY TRANSACTIONS - Summary of transactions with and amounts due from and due to related parties (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2023 USD ($)	Apr. 30, 2022	May 31, 2021 CNY (¥)
Related Party Transaction [Line Items]
Fnancial assets receivable, allowance for credit losses	¥ 7,207	¥ 0	¥ 0
Right-of-use assets	49,659	27,604		$ 6,994
Lease liabilities	47,958	27,465		$ 6,755
Aguila Information, S.A.P.I. de C.V.
Related Party Transaction [Line Items]
Fnancial assets receivable, allowance for credit losses		13,536
Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties	13,906	56,416	203,146
Massnet Microcredit
Related Party Transaction [Line Items]
Non-interest bearing loan collected						¥ 54,000
Massnet Microcredit \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties			54,000
Shanghai Jiayin Finance Services Co., Ltd
Related Party Transaction [Line Items]
Lease period					12 months
Shanghai Jiayin Finance Services Co., Ltd \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties		35,000	47,840
GAYANG (Hong Kong) Co., Limited
Related Party Transaction [Line Items]
Non-interest bearing loan collected	¥ 17,302	1,408	11,471
Non-interest bearing loan		9,193	20,664
Interest bearing loan		¥ 17,243	¥ 10,642
Fixed annual interest rate		8.00%	8.00%
Accrued interest		¥ 638	¥ 171
Fnancial assets receivable, allowance for credit losses		10,043
GAYANG (Hong Kong) Co., Limited \| Loans To Related Parties
Related Party Transaction [Line Items]
Loans to related parties		¥ 17,243	¥ 31,306

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET - Summary of Contract Assets (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Contract with Customer, Asset, after Allowance for Credit Loss [Abstract]
Contract assets	¥ 476,493	¥ 421,469
Less: Allowance for credit losses	(4,201)
Contract assets, net	¥ 472,292	¥ 421,469

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of financial assets receivables (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Accounting Policies [Abstract]
Financial assets receivable	¥ 998,835		¥ 292,342
Allowance for credit losses of financial assets receivable	(7,207)		0	¥ 0
Financial assets receivable, net	¥ 991,628	$ 139,668	¥ 292,342

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

+ References

+ Details

SUBSEQUENT EVENTS - Additional Information (Detail) $ / shares in Units, ¥ in Thousands, $ in Thousands	1 Months Ended					12 Months Ended
	Apr. 30, 2024 shares	Jan. 31, 2024 CNY (¥)	Jan. 31, 2024 USD ($) $ / shares	Jul. 31, 2023 CNY (¥)	Jul. 31, 2023 USD ($) $ / shares	Dec. 31, 2023 shares
Subsequent Event [Line Items]
Dividends payable, amount per share \| $ / shares					$ 0.1
Dividends payable, date of record				Jul. 28, 2023	Jul. 28, 2023
Cash distributed for the dividends				¥ 156,674	$ 21,474
Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Options granted in period \| shares						1,990
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends payable, amount per share \| $ / shares			$ 0.1
Dividend payable month and year		2024-01	2024-01
Dividends payable, date of record		Jan. 19, 2024	Jan. 19, 2024
Cash distributed for the dividends		¥ 151,843	$ 21,213
Subsequent Event [Member] \| Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Options granted in period \| shares	70,000

INCOME TAXES - Summary of income tax expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Income Tax Disclosure [Abstract]
Current income tax expense:	¥ 207,567		¥ 177,720	¥ 141,578
Deferred income tax (benefit) expense:	40,049		(22,322)	(15,854)
Total income tax expense	¥ 247,616	$ 34,876	¥ 155,398	¥ 125,724

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of condensed financial statement balances and amounts of Company's VIEs (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2023 USD ($)
Variable Interest Entity [Line Items]
Cash and cash equivalents	¥ 370,193		¥ 291,018	¥ 182,551	$ 52,141
Restricted cash	2,435		2,023		343
Financial Assets receivable, net	991,628		292,342		139,668
Accounts receivable, net	1,631,253		1,310,749
Prepaid expenses and other current assets, net	1,921,547		475,981		270,644
Deferred tax assets , net	61,174		70,778		8,616
Property and equipment , net	40,332		18,900		5,681
Right-of-use assets	49,659		27,604		6,994
Other non-current assets	2,263		1,759		319
TOTAL ASSETS	5,644,766		3,020,870		795,049
Payroll and welfare payables	94,856		81,558		13,360
Tax payables	568,819		632,825		80,116
Accrued expenses and other current liabilities	720,538		572,135		101,486
Other payable related to the disposal of Shanghai Caiyin			188,300
Lease liabilities	47,958		27,465		6,755
TOTAL LIABILITIES	3,264,305		1,779,367		$ 459,768
Net revenue	5,466,873	$ 769,993	3,271,414	1,780,490
Operating (loss) income	1,332,470	187,675	1,182,019	431,956
Net income (loss)	1,297,619	182,766	1,179,658	472,086
Net cash provided by (used in) operating activities	389,588	54,873	133,592	184,540
Net cash used in investing activities	(105,850)	(14,909)	(22,949)	(126,222)
Net cash used in financing activities	(193,481)	$ (27,252)	(12,566)	9,938
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Cash and cash equivalents	81,384		16,294
Restricted cash	2,435		2,023
Financial Assets receivable, net			53,373
Accounts receivable, net	97,187		71,184
Prepaid expenses and other current assets, net	31,101		126,154
Deferred tax assets , net	13,935		26,914
Property and equipment , net	9,538		8,123
Right-of-use assets	17,271		14,297
Other non-current assets			242
TOTAL ASSETS	252,851		318,604
Deferred guarantee income			51,079
Payroll and welfare payables	41,189		35,900
Tax payables	24,249		286,705
Accrued expenses and other current liabilities	220,770		184,008
Other payable related to the disposal of Shanghai Caiyin			188,300
Lease liabilities	16,647		14,598
TOTAL LIABILITIES	302,855		760,590
Net revenue	473,239		972,029	680,790
Operating (loss) income	(1,140,806)		52,204	(15,802)
Net income (loss)	(868,605)		164,741	89,149
Net cash provided by (used in) operating activities	(1,095,655)		8,807	98,486
Net cash used in investing activities	(74,100)		(7,265)	(96,180)
Net cash used in financing activities	¥ 0		¥ 0	¥ 0

ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Schedule of Allocation of Purchase Price

The allocation of the purchase price is as follows:


	Amount
	RMB
Cash and cash equivalents		1,145
Accounts receivable		39,952
Inventories		38,590
Prepaid expenses and other current assets		37,474
Short-term loan		(4,000	)
Accounts payable		(12,994	)
Payroll and welfare payables		(337	)
Tax payables		3,600
Accrued expenses and other current liabilities		(3,430	)
Noncontrolling interests		(5,000	)
Total Consideration		95,000

ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET - Summary of accounts receivable (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Accounts receivable	¥ 1,645,005	¥ 1,313,288
Less: allowance for credit losses	(13,752)	(2,539)
Total accounts receivable	¥ 1,631,253	¥ 1,310,749

CONSOLIDATED BALANCE SHEETS ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
ASSETS
Cash and cash equivalents	¥ 370,193	$ 52,141	¥ 291,018
Restricted cash	2,435	343	2,023
Amounts due from related parties, net (net of allowance for credit losses of RMB 23,579 and nil as of december 31,2022 and 2023, respectively)	509		17,750
Accounts receivable and contract assets, net (net of allowance for credit losses RMB2,539 and RMB17,953 as of December 31, 2022 and 2023, respectively)	2,103,545	296,278	1,732,218
Financial assets receivable net (net of allowance for credit losses of nil and RMB7,207 as of December 31, 2022 and 2023, respectively)	991,628	139,668	292,342
Prepaid expenses and other current assets, net (net of allowance for credit losses of RMB 17,991 and RMB 13,205 as of December 31, 2022 and 2023, respectively)	1,921,547	270,644	475,981
Deferred tax assets , net	61,174	8,616	70,778
Property and equipment , net	40,332	5,681	18,900
Right-of-use assets	49,659	6,994	27,604
Long-term investments	101,481	14,293	90,497
Other non-current assets	2,263	319	1,759
TOTAL ASSETS	5,644,766	795,049	3,020,870
Liabilities including amounts of the consolidated VIEs without recourse to the Company (Note 2(b)):
Deferred guarantee income	886,862	124,912	276,518
Contingent guarantee liabilities	933,947	131,544
Payroll and welfare payables	94,856	13,360	81,558
Amounts due to related parties	11,325		566
Tax payables	568,819	80,116	632,825
Accrued expenses and other current liabilities	720,538	101,486	572,135
Other payable related to the disposal of Shanghai Caiyin			188,300
Lease liabilities	47,958	6,755	27,465
TOTAL LIABILITIES	3,264,305	459,768	1,779,367
Commitments and Contingencies (Note 17) \| $
SHAREHOLDERS' EQUITY
Treasury stock (2,372,596 and 3,970,056 shares as of December 31, 2022 and December 31, 2023, respectively)	(35,443)	(4,992)	(9,262)
Additional paid-in capital	901,932	127,034	870,562
Retained earnings	1,525,841	214,910	384,896
Accumulated other comprehensive loss	(10,189)	(1,435)	(3,112)
Total Jiayin Group shareholder's equity	2,382,141	335,517	1,243,084
Noncontrolling interests	(1,680)	(236)	(1,581)
TOTAL SHAREHOLDERS' EQUITY	2,380,461	335,281	1,241,503
TOTAL LIABILITIES AND EQUITY	5,644,766	795,049	3,020,870
Related Party
ASSETS
Amounts due from related parties, net (net of allowance for credit losses of RMB 23,579 and nil as of december 31,2022 and 2023, respectively)	509	72	17,750
Liabilities including amounts of the consolidated VIEs without recourse to the Company (Note 2(b)):
Amounts due to related parties	11,325	1,595	566
Class A Ordinary shares
SHAREHOLDERS' EQUITY
Ordinary shares value	0	0	0
Class B Ordinary shares
SHAREHOLDERS' EQUITY
Ordinary shares value	¥ 0	$ 0	¥ 0