you Thank joining everyone. for XXXX call. quarter Hello, our earnings conference fourth
to both proven our challenging be has company. XXXX and opportunistic for
lockdowns in followed by China almost restrictions strictest the in COVID December. During quarantine the the we year, of all faced lifting
pressed that economy. that escalating China’s the and the businesses on fintech years Looking back further changes conflicts COVID we last X reshaped global that geopolitical disrupted the now, worldwide. Policy witnessed outbreaks industry
risk proud Throughout our execution our disruptions maintained focus XXXX, and growth of and increasing strategy management. strengthening are to that report our steadfast. macroeconomic of competencies innovation on Despite we our technology remains core uncertainties worldwide, these we
the market our improved and to capabilities operations evolving demands. also better our in innovation efficiency refining meet We
support expectations we shareholders and result a our satisfactory performance growth with line long-term of with rewarded and As delivered a in in our our strong XXXX. solid execution,
requirements the priority As institutions institutions, stop PBOC’s are we top platforms to expand, Internet financial collaborating made actively we our towards between preparation. regulatory policymakers partner In significant have remains full with progress connections that response and goal. directive to compliance and data direct we with and ensuring and
confident are can partner that financial to required our switchover we the institutions within We system with work timeframe. complete the
positive also the we Encouragingly, regulatory platform healthy underway Internet seeing China’s support are growth to development companies. of
For a platforms management partnerships endorsed example, have the solid bank providing officially of regulated CBIRC’s Internet for like the and ours, our foundation Internet for and banks interim loans operations. measures commercial between
recently authorities healthy regulatory pledged Additionally, announced regulatory indicate major economy. financial Overall, that of department also market the promote towards mostly Internet regulation policy platforms is China’s that Internet platform of that and PBOC’s period moving is development developments platform has among we a believe ratification normalization. companies these completed to of
In several experienced market Chinese driven for strong a demand credit, XXXX, factors. the consumer by
services financial and have Firstly, for the strengthening by the XXth new growth small of for agencies CBIRC the and of enterprises of SMEs. residents both spurred of promoting individuals and medium-sized services and urban and by release notice for the insurance plan XX the fintech PBOC joint X-year development products the government on
funding financial able to have our provide for services. been to loan Secondly, partners abundant the institution facilitation meet demand
loans trillion, RMB increase year RMBXX.XX by increase loan volume the XXXX XX.X% from year-over-year reported fact, RMB PBOC in an by additional and balance in financial an full institutions XXXX. the RMBX.XX In of representing our trillion increased
we take our business expanding base our broadly improve on this opportunity borrower scale, than rather choose structure of However, the to to our platform.
the borrower previous adding a the our new increase quality scale borrowers XX.X% we of operations, approximately year, borrower X.XX on In throughout the focus and terms from enhancing million acquisition capabilities, year. of
a XX with We score or to also in from increased XX% above of credit the XX% loans borrowers proportion by XXXX. of
Additionally, we refining and operations. value borrower exploring lifetime our on concentrated
lower average a stable four sources, in borrowers, borrowers them funding a with increase of rates at interest for reached borrowing match And promoting about The the average ratio amount. remains high-quality year-over-year quarters we repeat in previous RMBX,XXX, about XXXX increase For the the borrowing from new offering XX%. the of average XX.X% amount XX.X% year.
Such This To in expertise risk meet challenges, our for leveraging sources we financing expertise current and prepare during precisely borrower and of refined our is needs fluctuations funding initiatives reflect particularly borrowers platform. segmentation. effectively risk in the levels. better on our valuable future have our to industry-wide
consistently healthy characteristics. has base business our borrower demonstrated As and sustainable scaled, has our
adjust XXXX, anticipate our In we that to to we Moving based new XX% strategies acquisition forward up will our refine to on sustainability. continue allowing make of will the our borrowers maintain us base, long-term, and into borrower conditions. borrower stability borrower segmentation XX% and market
fine-tuning in established efficiency XXX% revenue increased these a origination revenue have solid we by our net foundation income XX% our improvements increased expected loan As particular, in In XXXX. efforts, XXX%, funding In and of consistent in in respectively. resulted our net a result volume, growth and scale. achieve operations our efforts and in allocation XXXX, to approximately
year, refining improving the growth expanding this exceptional sources, demonstrated operations. our capabilities During in asset our quality, progress risk and enhancing solid management funding
well. and market of funding sufficient has declined the On the the supply remains funding as front, funding XXXX during the in overall cost
keeps our our Since with and expand operation are scale partners while deepen fulfill our have our leverage expanding. to continue business relatively credit stabilizing such, As to key funding for borrowers them sources, needs funding core sufficient the already credit costs effectively on we platform. we acquired high-quality
total financial partnered have discussion sources without we another to funding were in the our XXXX, Notably, volume institutions origination contributed original fourth and limitations the majority loan still XX, the of December with XX. with we currently XX in of As quarter.
partner business are to services empowering Moreover, their own develop we self-operated institutions technology-enabled our our models. through financial
institutions already will business potential institutions financial we X actively digitize to and institutions more of we explore own collaborations. with with financial empowered XXXX, interfacing now X negotiating As X another their are have to online
is with or partners be of we and end COVID implementing year, will business new the the the partnership to funding control efficiency towards able expand models. new further As in our our improve measures engaging
In the significant risk a risk affected metrics late our whole experienced XXXX, certain volatility, extent. to industry which
pleased However, I AI risk has XX-day delinquency have volatility. stable of in already fintech as to report been technology The that in XX- rate by to December stabilized remained our of posed as profiles our instrumental challenges am XXXX. application market has quickly addressing XX,
we applications forward, Going risk further management our strengthen investments to AI in continue fintech capabilities. to our plan
we enhance risk experience. and our voice leverage identification, modules user to Specifically, anti-fraud management regulation, AI semantic will efficiency improving and users’ and quality control asset while
increase for we also to impact small for all businesses that expand and consumer for the of micro We particularly a loans to world, has financial In businesses. of our institutions severe businesses on In the continue know and policies in scale small for COVID-XX facilitating China a other facing response, individuals, addition pandemic People’s the to number Bank owners. services micro around business the operations. production difficulties calling of small agencies issued government support and and
financial in us serve and small Our and experience extensive partners with fin-tech owners. enabled business micro services institution business to better to operations collaborate
financial this program to partnerships. call such, actively loan and overcome small specialized our help owners business As responded expanded we to
facilitation Throughout from of XXXX, score and and we loan micro in proportion small a saw volume increase the owners. business steady
the we these creating ultimately helping face and the financial businesses of value thrive ahead, challenges our in Looking fully remain and borrowers committed for to society. support providing
by also growth our efforts. business we investment significant we closely our Moreover, growth In origination boosting Indonesia, in achieved monitor the In progress have market. have excellent made former revenue and region’s loan capabilities in expansion we potential. and local continued the global Nigeria, our
faster was quarter Nigeria in Our revenue year-over-year. in growth substantially this
pleased to in been business we local and mitigate are potential scale, uncertainties operations that any to markets capabilities validated management as us We replicated a internationally. risk on our enabling global note expand successful and have
accelerating developing operations growth Moving profitability forward, into models on global in our local we and we our to meaningful these overseas business partnership in sustainable tapping by company penetration become the operations focused long-term. a markets. driver our enhancing product in regions, By our development for of remain diverse opportunities expect innovative of and the
on recent responsibility. to least, strides glad corporate I’m not in Last report but our social
of to social operations. our society Our impact commitment through technological others tone underprivileged making well-being. to with Foundation into various inclusion we partnered which a the XXXX, education set responsibility our example, children and the comprehensive launch youth the XXXX, addition driven empowering commitment both philosophy. In we physical their mental September, demonstrated to we initiatives. positive Smile to environmental, Ching report, Soong on social This for support Throughout core charity our at campaign, to provide ongoing in the program, Ling mental Children healthcare on focusing business our governance is program. last aims August incorporating published first to and for through financial In our Shanghai
mental Later teachers in primary we local educational of school the Guizhou left better to access governments students. province, and school December, Shuitong central to children behind and healthcare town to [indiscernible] to uniforms the have collaborated books, we province school ensure in training donated in Furthermore, computers, in with including supplies that to provide resources.
mental students psychology all to duties. for them Shuitong, training their of also while needs our invited educational We conduct fulfilling experts health enabling in to their to attend teachers psychological better
a efforts unwavering Our forward pledge principles and in underscored ESG positive direction. we commitment on this impact to make our to to our continuing society look
our expected efforts result in in our have capabilities we a as network, conclude, improving evaluating expediting To strengthening our expansion. risk management global business strategies, growth we our partnership achieved technology our and robust XXXX of as
pandemic in in sustainable confident growth proven regulatory success environment drive that years COVID the expansion remain of come. we as continue our ahead, becomes strategies stabilize past, will pursuit are our to resolute the to and a thing Looking to the of margin we the and our
volume RMBXX In and on we outlook, that Based will billion quarter strong declared loan from our be of authorized the Board pleased line our our capital and of position year billion facilitation ever to robust around forecast Directors XXXX. XXXX RMBXX this with of are full our this dividend first policy. has with the expectation, first for operational
in less previous dividends growth commitment shall long-term income The creating in fiscal of after to total dividend net Jiayin to cash, our for annual year. the underscores twice These declaration than prospects of no XX% our distribution some confidence in year expect pay We our to shareholders conditions. the subject and tax a our Group. be value
go ahead. Fan please to that, I call CFO, will With turn Mr. now over the Chunlin, our
