Chinese fintech Jiayin dips after Q2 costs surge

** Shares of Chinese fintech Jiayin Group JFIN down about 1.38% at $12.84 premarket

** JFIN's Q2 general and administrative expense soared 70% from a year earlier, driven by increase in payroll expenses and share-based compensation

** Reports Q2 loan facilitation volume of 37.1 bln yuan ($5.17 bln), up from 24 bln yuan reported in Q2 of 2024

** Co reiterates 2025 loan facilitation volume forecast to be between 137 bln yuan and 142 bln yuan

** YTD, stock has risen 101.57%

($1 = 7.1762 Chinese yuan renminbi)