Jiayin Group Inc.

Good day, ladies and gentlemen. Thank you for standing by and welcome to Jiayin Group fourth quarter 2024 earnings conference call. Currently, all participants are in 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'll now turn the call over to Mr. Sean Zhang from Investor Relations of Jiayin Group. Please go ahead.

Thank you, operator. Hello, everyone. Thank you all for joining us on today's conference call to discuss Giant Group's financial results for the fourth quarter and full year of 2024. We released our earning 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 Ding Gui, Chief Executive Officer Mr. Fan Chunlin, Chief Financial Officer, and Ms. Xu Yifeng, 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. for the information regarding these and other risks and uncertainties is included in the company's public findings with the IPC. 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 . With that, let me now turn the call over to our CEO, Mr. . Mr. Yan will deliver his remarks in Chinese, and I will follow up with corresponding English translations. Please go ahead, Mr. Yan.

In 2024, China's macroeconomic economy will show a steady growth trend. Under the support of a psychological consumption stimulus policy, the demand for consumer credit will grow steadily. Among them, the share of consumer credit will increase by 1.24 trillion yuan a day, and the growth rate will be 6.2%. In 2024, it will also increase the strategic layout of to achieve high-quality development for a year. The company is committed to a steady and progressive strategy driven by technology. At the same time, it is actively expanding and increasing the risk. In the fourth quarter of 2024, the company achieved a loan transaction amount of 27.7 billion yuan, which is about 37.8% of the growth rate, corresponding to 11 billion yuan of total service income, which is about 46.3% of the growth rate. The company's business scale is growing rapidly and constantly breaking new heights. The total loan transaction amount of the year