A：Jin Group's financial results for the fourth quarter of 2025 included a loan facilitation volume of RMB 129 billion, an increase of approximately 28% year on year. Revenue reached RMB 6.22 billion, up approximately 7.3% year on year, and net income was RMB 1.54 billion, a year-on-year increase of approximately 45.4%.

A：In the fourth quarter, Jin Group experienced a continuous decline in comprehensive financing costs, higher entry barriers, and stricter compliance requirements following new regulations. The company collaborated with funding partners to facilitate necessary adjustments and maintained partnerships with financial institutions, with additional negotiations in progress.

A：Jin Group made solid progress in AI in 2025, with multimodal anti-fraud AI-powered agents and data intelligence. The company's AI strategy was upgraded, with core pillars reorganized into two tracks: production and non-production. The production track focused on creating core business value, while the non-production track aimed to improve efficiency and quality in daily operations.

A：Jin Group's new business expansion focused on three dimensions: financial product innovation, partnership, and expansion to all back loans and digital micro-loan services. The company's efforts in partnership included joining operations with leading traffic ecosystems and establishing deep strategic partnerships with multiple institutions, resulting in growing business scale and validating their business model.

A：Jin Group's approach to corporate social responsibility (CSR) involved reaching multiple areas such as youth, mental health, and support for special needs groups. They trained teachers, students, and parents, conducted mental health assessments, and completed various volunteer activities and projects, signifying their commitment to long-termism and building trust in their brand.

A：Jin Group rewarded its shareholders by completing cash dividend distribution totaling US $41.1 million, an increase of over 50% year on year. Additionally, they increased the total quarterly share repurchase program to no less than US $80 million and have repurchased nearly 4.6 million A shares with a total value of approximately US $30.4 million. They intend to maintain their existing dividend policy and use remaining repurchase capacity to deliver sustainable returns to shareholders.

A：The expected loan facilitation volume for the first quarter of 2026 is between RMB 18.5 billion and RMB 19.5 billion.

A：The tightening regulatory environment has affected the company's risk metrics and growth expectations. In response to industry volatility and new regulations, the company has adjusted its risk management strategies, tightened standard new borrower models and strategies, and controlled the volume of new borrower acquisitions. As a result of these adjustments, the company experienced a decline in risk levels starting in December. Looking ahead, the company expects industry entry barriers and market concentration to increase due to the implementation of new regulations, which should allow the company to enter a new phase of high-quality moderate growth over the medium to long term.

A：In the fourth quarter, the company's net revenue decreased by 22.4%, facilitation and service expense decreased by 3.3%, credit losses increased, sales and marketing expense decreased by 3.6%, general and administrative expense increased by 4.4%, R&D expenses increased by 21.4%, and non-GAAP income decreased to 120.4 million from 402.4 million in the same period of 2024. Consequently, the net income for the fourth quarter was 100.6 million compared to 275.5 million in the same period of 2024, with basic and diluted net income per share both at 0.49 compared to 1.30 in the fourth quarter of 2024.

A：In response to industry volatility, the company has proactively adjusted its channel mix, tightened the standard in the new borrower models and strategies, and controlled the absolute volume of new borrower acquisitions. The approach to risk management has become more selective and disciplined, focusing on higher quality and more resilient borrowers for approval. The company has also applied more stringent underwriting and credit limit management for customers with higher risks, such as those with multiple outstanding debts, weaker asset profiles, and limited financing.

A：The company remains cautious in ramping up volumes and is prioritizing leading traffic platforms and lower-cost acquisition channels to optimize its customer mix for the long term. In terms of channel strategy, the focus is on improving the quality of acquired customers rather than increasing volumes.

A：The company's overseas business has rapidly grown, with operations in Indonesia and Mexico experiencing strong year-over-year growth. The company expects this momentum to continue, aiming for another year of doubling in scale while also reaching important strategic milestones for both markets, moving towards profitability. The company's localization strategy will continue to be deepened, expanding partnerships with local financial institutions, and enhancing its ability to serve and power the local financial ecosystem. The company is also actively laying the groundwork for expansion into new markets, with plans to share more progress later in 2026.