Your explanation is possible, but seems unlikely to me.
JFIN’s revenue growth is decelerating fast. After contracting by -1.5% in Q3’24 and -12.2% in Q4’24, it recovered to +20.4% and +27.8% in the next two quarters. However, revenue growth decelerated to just +1.8% in Q3’25.
During JFIN’s Q3’25 earnings call in Nov 2025, management themselves reported ‘industry contraction and tightening liquidity…’. Regulatory headwind is a strong contributor.
Please help me understand why you cited QFIN’s ~3,500 employees. It is natural for QFIN to have 3.5x more employees because its revenue is ~3x more than JFIN.
JFIN will only need such a large headquarter if it expects to triple its revenue within the next few years. Given the factors I discussed above, such high growth seems very unlikely to me.
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2023-12-12 14:53
https://m.sohu.com/a/743434135_100661/?pvid=000115_3w_a
QFIN has employee 3000+.
.
It makes sense for JFIN to acquire larger office if the future high growth expansion prospect is foreseen by the management.
.
Finger crossed.
Your explanation is possible, but seems unlikely to me.
JFIN’s revenue growth is decelerating fast. After contracting by -1.5% in Q3’24 and -12.2% in Q4’24, it recovered to +20.4% and +27.8% in the next two quarters. However, revenue growth decelerated to just +1.8% in Q3’25.
During JFIN’s Q3’25 earnings call in Nov 2025, management themselves reported ‘industry contraction and tightening liquidity…’. Regulatory headwind is a strong contributor.
Please help me understand why you cited QFIN’s ~3,500 employees. It is natural for QFIN to have 3.5x more employees because its revenue is ~3x more than JFIN.
JFIN will only need such a large headquarter if it expects to triple its revenue within the next few years. Given the factors I discussed above, such high growth seems very unlikely to me.