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JIAYIN GROUP INC. (dba Niwodai)
NASDAQ: JFIN
Company Profile
Sector: Financial Services
Industry: Credit Services
Sub-Industry: Consumer Finance
Founded in 2011, Shanghai Niwodai Financial Information Services Co. Ltd. is one of the largest individual finance marketplaces in China in terms of transaction volume. A subsidiary of Shanghai Jiayin Financial Information Service Co. Ltd., the company is controlled by founder Mr. Dinggui Yan.
Based in Shanghai, the company operates an internet-based finance platform that specializes in facilitating mid- to long-term consumer loans with an average term of 12 months or more. The company's products include online standard loan products with fixed terms and repayment schedules generally ranging from RMB5,000 to RMB30,000 via the Niwodai borrower app and our website. By connecting individual investors and individual borrowers, Niwodai collects service fees from borrowers in connection with the loan facilitations and post- origination services. The company does not use its capital to invest in loans and uses third parties to operate a loan assurance program for investor. It introduced a secondary loan market where investors can sell their loan assets to other investors.
Since its inception through June 2018, Niwodai has facilitated loan transactions for more than 4.3 million borrowers. With transactions for more than 255,000 investors and 1.85 million borrowers, Niwodai saw its number of borrowers increase more than twelvefold from 2016 through 2017.
In the six months ended June 30, 2018, the total investment volume facilitated by Niwodai was RMB14.6 billion ($2.2 billion), of which 95.8% was contributed by repeat investors. In all, more than 2.57 million investment transactions were made by 255,000 investors during that period.
Net revenue grew 280.8% from RMB591.1 million in 2016 to RMB2,250.9 million ($340.2 million) in 2017. Net income was RMB539.5 million ($81.5 million) in 2017, as compared with the net loss of RMB389.8 million in 2016.
For the first six months of 2018, net revenue grew by 114.7% to RMB1,663.5 million ($251.4 million), from RMB 775 million for the same period of 2017.
Corporate Information
Address:
17-20F, 26F, NO.1 Building,
Youyou Century Plaza,
NO.428 Yang Gao Nan Rd,
Pudong District, Shanghai, China
Phone:
(China) 400-680-8888
(Overseas) +86 021-33328628
Email: niwodai@niwodai.com
Key Executives
Mr. Dinggui Yan, CEO
Mr. Dinggui Yan, the company's founder, director and chief executive officer, is a pioneer in China's peer-to-peer lending service industry. He has been leading the group since the inception of the business. Prior to founding Niwodai, Mr. Yan had over 17 years of experience spanning across the technology and finance sectors.
Mr. Chunlin Fan, CFO
Mr. Chunlin Fan, Niwodai's chief financial officer, previously worked at prestigious investment banks and technology companies including Nomura, Macquarie, ICBC International and Microsoft, where he was involved in multiple high-profile transactions.
Mr. Jiong Feng, CTO
Mr. Jiong Feng, the company's chief technology officer, held senior positions at Microsoft and Alibaba prior to joining Niwodai.
Ms. Xu Yufang, CRO
Ms. Xu Yufang, the company's chief risk officer, previously worked at Capital One Financial Group, Huasheng Finance, and Ant Financial. She has over 15 years of experience in risk control and the retail finance business in China and abroad. Ms. Xu received her MBA at Northwestern University, Kellogg School of Business, in Chicago.
Investor FAQs
1. When is Niwodai established?
We have built a trusted brand with a demonstrated track record of delivering value to both investors and borrowers. The origin of our business can be traced back to 2011.
2. When does Niwodai's fiscal year end?
Niwodai's fiscal year ends on December 31.
3. On which exchange is Niwodai's stock traded and what is the ticker symbol?
Niwodai's American Depositary Shares (ADSs) will be listed on the Nasdaq Global Select Market under the symbol "JFIN."
4. How many Niwodai's ordinary shares does one American Depositary Share ("ADS") of the Company represent?
Each ADS of Niwodai represents ------- ordinary shares.
5. How can I obtain a copy of Niwodai Group Inc.'s Annual Report?
Annual reports are available via this website. All SEC documents are also accessible online through the SEC Filings page.
6. Who is Niwodai's US legal counsel?
Simpson Thacher & Bartlett LLP
7. Who is Niwodai's Depositary Bank for ADSs?
Roth Capital Partners, Shenwan Hongyuan Securities
8. How many employees does Niwodai has in the R&D department?
We had a dedicated research and development team consisting of 355 full-time employees as of December 31, 2017.
Board Members
Mr. Dinggui Yan, CEO
Mr. Dinggui Yan, the company's founder, director and chief executive officer, is a pioneer in China's peer-to-peer lending service industry. He has been leading the group since the inception of the business. Prior to founding Niwodai, Mr. Yan had over 17 years of experience spanning across the technology and finance sectors.
IR Contacts
In China:
Bei Bai
Investor Relations
Niwodai Financial Information Services Co. Ltd
Email: baibei@niwodai.net
Tel: 021-61908020
In the United States:
Peter H. Frank
JinPing Media Group
Email: peter.frank@jpm.us
Tel: +1-650-799-7109