Jiayin Group Inc.

Good day ladies and gentlemen, thank you for standing by and welcome to the Jai Yin Group's first quarter 2022 earnings conference call. Currently all participants are in a listen only mode. Later we will conduct a question and answer session and instructions will follow at that time. As a reminder we are recording today's call. If you have any objections you may disconnect at this time. I will now turn the call over to Mr. Shawn Zhang from Investor Relations of Jiayin Group. Please proceed.

Good day, everyone. Thank you all for joining us on today's conference call to discuss Jiayin Group's financial results for the first quarter of 2022. We released the results earlier today. The press release is available on the company's website as well as from NewsWare Services. On the call with me today are Mr. Yan Dinggui, Chief Executive Officer, Mr. Fan Chunlin, Chief Financial Officer, and Ms. Xu Yifa, Chief Risk Officer. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Security Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public filings with the SEC. The company does not assume any obligation to update any forward-looking statement except as required under applicable law. Also, please note that unless otherwise stated, all figures mentioned during the conference call are in Chinese Renminbi. With that, let me now turn the call over to our CEO, Mr. Yan Jinggui. Mr. Yan will deliver his remarks in Chinese, and I will follow up with corresponding English translations. Please go ahead, Mr. Yan. 大家好,感谢大家参加江英经科2022年第一季度。

We continue to strengthen our core competitiveness In the first quarter, our loan payment size reached 81.53 billion yuan, achieving a similar growth of 95.4 billion yuan. More importantly, we are focused on achieving the best balance between growth and profitability. By improving operating efficiency, we have further optimized the cost-benefit structure, and thus achieved continuous growth in profits. In the first quarter, our profit and loss reached about 1.83 billion yuan, Hello, everyone.