Shares of Jiayin Group Inc. (NASDAQ: JFIN) are soaring 15.70% in pre-market trading on Thursday following the release of its fourth quarter and fiscal year 2024 financial results, coupled with an announcement of an enhanced dividend policy.

The Chinese fintech platform reported solid growth in its core business, with loan facilitation volume reaching RMB27.7 billion (US$3.8 billion) in Q4, a significant 37.8% increase year-over-year. For the full year 2024, loan facilitation volume grew 14.4% to RMB100.8 billion (US$13.8 billion). Despite a 12.2% decrease in Q4 net revenue, the company's income from operations saw a substantial rise to RMB392.6 million (US$53.8 million), compared to RMB232.0 million in the same period of 2023.

Investors were particularly encouraged by Jiayin Group's announcement of an adjusted dividend policy. The Board of Directors approved an increase in the annual dividend amount to approximately 30% of the previous fiscal year's net income after tax, up from the earlier 15% rate. This move signals confidence in the company's financial health and commitment to shareholder returns. Additionally, Jiayin Group provided an update on its share repurchase plan, revealing that it had repurchased about 3.8 million of its ADSs for approximately US$16.8 million as of March 27, 2025. The company also completed the purchase of a new commercial property in Shanghai to serve as its headquarters, indicating plans for continued growth and expansion.