AI empowers quality improvement and efficiency enhancement; five publicly listed fintech companies are expected to have stable overall performance in 2025.

Securities Daily reporter Li Bing

On the evening of March 31 Beijing time, the U.S.-listed financial technology company Jiayin Technology released its unaudited financial report for the fourth quarter of 2025 and for the full year. As of now, all five U.S.- and Hong Kong–listed financial technology companies, including Jiayin Technology, Lexin, Qifu Technology, Xinyi Technology, and Yinqiu Technology, have disclosed their results. Among them, Qifu Technology is dually listed in the U.S. and Hong Kong; Lexin, Xinyi Technology, Jiayin Technology, and Yinqiu Technology are listed in the U.S.

Based on the data already disclosed, in 2025 the industry overall showed a trend of stable domestic business and deeper international business expansion. Overall performance has been steady. Judging from revenue and profit data, each of the five companies has its own highlights.

In full-year 2025, Qifu Technology achieved revenue of 19.2 billion yuan. As an industry leader, for the full year it facilitated loan disbursements of 327.07B yuan, up 1.6% year over year. Its re-loan rate reached 93.3%, and business resilience has continued to stand out.

Xinyi Technology’s performance in 2025 was steady. For the full year, it achieved operating revenue of 13.57 billion yuan and net profit of 2.55 billion yuan. In terms of operating indicators, the annual facilitated transaction amount reached 200.3 billion yuan, and the balance of loans on hand was 70.9 billion yuan. Looking at a single quarter, in the fourth quarter of 2025 the company recorded revenue of 3.02 billion yuan and net profit of 420 million yuan, with the facilitated transaction amount in the quarter reaching 42.8 billion yuan.

Yinqiu Technology, meanwhile, focuses on “building a diversified growth model.” In 2025, its total net revenue was 7.6394 billion yuan and net profit was 1.4646 billion yuan. In 2025, the company’s total amount of loans it matched and provided was 130.55B yuan, and in the fourth quarter the total amount of loans it matched and provided was 22.77B yuan. By improving risk and compliance capabilities and operating prudently, it achieved steady and controllable business performance.

In addition, Lexin achieved revenue of 13.15B yuan for full-year 2025, with revenue from its core credit-loan matching business of 9.56B yuan. The company’s full-year loan disbursement amount was 205 billion yuan. Jiayin Technology’s loan matching transaction volume for full-year 2025 was 129 billion yuan, realizing operating revenue of approximately 6.22 billion yuan. Of this, in the fourth quarter the loan matching transaction volume was 24.2 billion yuan, realizing operating revenue of approximately 1.09 billion yuan.

“From the data, in 2025 the loan facilitation industry overall showed steady growth. Although the above five financial technology companies differ somewhat in terms of revenue and business scale, their overall performance resilience is strong. The domestic business growth for each financial technology company has been relatively steady.” Wang Pengbo, a senior analyst at Bain & Company? (Booth Consultations) Financial Services, told Securities Daily reporter Li Bing.

2025 is a key year for deepening the deployment of AI technology in the financial technology industry. All five financial technology companies increased R&D investment, broadly applying AI technology to core areas such as credit approval, user services, and risk control, enabling improvements in business efficiency.

Relying on multimodal technology, Qifu Technology has built an AI approval officer. It can automatically identify credit review materials submitted by account managers, issue real-time reminders for corrections and optimizations, and significantly improve the first-pass rate of materials. In the process of reviewing and approving operating loans, the AI’s accuracy in identifying substantive risks has already reached over 90%.

Xinyi Technology, meanwhile, continues to strengthen its technology foundation. In 2025, R&D expenditure increased by 8% year over year. In the fourth quarter of 2025, the company introduced AI agents into the service application process, breaking complex processes into clear logical steps and providing real-time guidance, effectively improving users’ application completion rate and conversion rate.

In the field of artificial intelligence, Jiayin Technology achieved interim results in directions such as multimodal anti-fraud and data intelligence in 2025.

Yinqiu Technology uses AI technology to build the WinPROT win-protection system, achieving full-process intelligent interception of potential fraudulent behavior and user reminders, significantly improving the efficiency of pre-fraud identification and handling. At the same time, it officially launched the virtual digital human Win-Daidai to provide intelligent responses around the clock.

Lexin’s AI large-model and agent technologies have moved from supporting tools to core capabilities, deeply embedded in key financial scenarios such as risk control, customer service, and operations. In the fourth quarter of 2025, Lexin integrated AI core capabilities into the user-side by combining the cognition, reasoning, judgment, and execution capabilities of its large model with those of its agents.