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FINANCIAL STATEMENTS SCHEDULE I

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS

(AMOUNT IN THOUSANDS, EXCEPT SHARE AND SHARE RELATED DATA)


	2018			2019
	RMB			RMB			US$
Assets
Current assets
Cash and cash equivalents		—			27,223			3,910
Short-term investment		—			69,618			10,000
Amounts due from subsidiaries and VIEs		—			44,695			6,420
Amounts due from a related party		—			124,862			17,935
Prepaid and other current assets		—			1,117			160
Total current assets		—			267,515			38,425

Investments in subsidiaries and VIEs		(1,652,006	)		(1,003,436	)		(144,135	)

Total assets		(1,652,006	)		(735,921	)		(105,710	)

Liabilities
Current Liabilities
Accrued expenses and other current liabilities		—			5,933			851
Total liabilities		—			5,933			851
Equity
Ordinary shares		—			—			—
Additional paid-in capital		395,472			777,408			111,668
Accumulated deficit		(2,047,478	)		(1,519,731	)		(218,296	)
Other comprehensive income		—			469			67

Total deficit		(1,652,006	)		(741,854	)		(106,561	)

Total liabilities and deficit		(1,652,006	)		(735,921	)		(105,710	)

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF

COMPREHENSIVE INCOME

(AMOUNT IN THOUSANDS, EXCEPT SHARE AND SHARE RELATED DATA)


	Year ended December 31,
	2017		2018		2019
	RMB		RMB		RMB			US$
Operating cost and expenses:
General and administrative		—		—		(2,886	)		(415	)

Total operating cost and expenses		—		—		(2,886	)		(415	)

Loss from operations		—		—		(2,886	)		(415	)
Interest income		—		—		4,910			705
Other income, net		—		—		1			—

Income before taxes and income from equity in subsidiaries and VIEs		—		—		2,025			290
Income tax expense		—		—		—			—
Equity in earnings of subsidiaries and VIEs		539,545		611,758		525,722			75,515
Net income		539,545		611,758		527,747			75,805
Other comprehensive income, net of tax
Change in cumulative foreign currency translation adjustment		—		—		469			67
Other comprehensive income		—		—		469			67

Comprehensive income		539,545		611,758		528,216			75,872

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONSOLIDATED STATEMENTS OF COMPANY CASH FLOW STATEMENTS

(AMOUNT IN THOUSANDS, EXCEPT FOR SHARE AND PER SHARE DATA)


	Year ended December 31,
	2017			2018			2019
	RMB			RMB			RMB			US$
Cash flows from operating activities
Net income		539,545			611,758			527,747			75,805
Adjustments to reconcile net income to net cash used in operating activities:
Share of results of subsidiaries and VIEs		(539,545	)		(611,758	)		(525,722	)		(75,515	)
Depreciation and amortization		—			—			2,020			290
Changes in operating assets and liabilities:
Amounts due from a related party		—			—			(4,938	)		(709	)
Amounts due from subsidiaries and VIEs								(44,695	)		(6,420	)
Prepaid and other current assets		—			—			(3,137	)		(451	)
Accrued expenses and other current liabilities		—			—			5,933			851

Net cash used in operating activities		—			—			(42,792	)		(6,149	)

Cash flows from investing activities
Loan to a related party		—			—			(119,924	)		(17,225	)
Purchase of short-term investment		—			—			(71,477	)		(10,267	)

Net cash used in investing activities		—			—			(191,401	)		(27,492	)

Cash flows from financing activities
Net proceeds from issuance of ordinary sh ares								255,928			36,762

Net cash provided by financing activities		—			—			255,928			36,762

Effect of foreign exchange rate changes on cash and cash equivalents		—			—			5,488			789
Net decrease in cash and cash equivalents		—			—			27,223			3,910
Cash and cash equivalents at beginning of year		—			—			—			—

Cash and cash equivalents at end of the year		—			—			27,223			3,910
Supplemental disclosure of significant non-cash investing and financing activities:		—			—			—			—
Decease in investment in subsidiaries and VIEs for cash dividend paid by a subsidiary on behalf of the parent to the Company ’s shareholders		—			(400,000	)		—			—

JIAYIN GROUP INC.

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

NOTES TO SCHEDULE I

1. Schedule I has been provided pursuant to the requirements of Rule

12-04(a)

and

5-04(c)

of Regulation

S-X,

which require condensed financial information as to the financial position, changes in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year.

2. As disclosed in Note 1 to the consolidated financial statements, the Parent Company was incorporated on December 21, 2017 in the Cayman Islands to be the holding company of the Company. The Parent Company undertook a series of transactions to redomicile its business from PRC to the Cayman Islands. The Parent Company has presented Schedule I as if Cayman Islands parent company has been incorporated on January 1, 2017.

3. The condensed financial information has been prepared using the same accounting policies as set out in the consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries and VIEs. The Parent Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the Condensed Balance Sheets as “Investment in subsidiaries and VIEs” and share of their earnings as “Equity in earnings of subsidiaries and VIEs” on the Condensed Statements of Comprehensive Income.

4. Certain information and footnote disclosures normally included in financial statements prepared in accordance with

U.S. GAAP have been condensed or omitted. The footnote disclosure certain supplemental information relating to the operations of the Parent Company and, as such, these statements should be read in conjunction with the notes to the accompanying Consolidated Financial Statements.

5. As of December 31, 2018 and 2019, there were no material contingencies, significant provisions of long term obligations, mandatory dividend or redemption requirements of redeemable stocks or guarantees of the Parent Company.

6. Translations of balances in the additional financial information of Parent Company- Financial Statements Schedule I from RMB into US$ as of and for the year ended December 31, 2019 are solely for the convenience of the readers and were calculated at the rate of US$1.00= RMB6.9618, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on December 31, 2019 No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2019, or at any other rate.