BEIJING, June 9, 2023
/PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or
the "Company"), a leading digital personal financial management
platform in China, today announced
its unaudited financial results for the quarter ended March 31, 2023.
First Quarter 2023 Operational Highlights
Insurance Brokerage Business
- Cumulative number of insurance clients served reached 1,007,238
as of March 31, 2023, representing an
increase of 8.9% from 924,824 as of December
31, 2022 and compared to 633,431 as of March 31, 2022.
- Number of insurance clients served in the first quarter of 2023
was 80,856, representing a decrease of 5.2% from 85,314 in the
fourth quarter of 2022 and compared to 120,968 in the same period
of 2022. The decrease was mainly due to our strategic realignment,
with a focus on serving insurance product clients that yield higher
profitability.
- Gross written premiums in the first quarter of 2023 were
RMB923.4 million (US$134.5 million), representing a decrease of
30.9% from RMB1,335.5 million in the
fourth quarter of 2022 and compared to RMB806.4 million in the same period of 2022. The
quarter-over-quarter decrease was mainly attributed to the nature
of the fourth quarter being a peak season for insurance sales, with
a larger base of policy renewals.
Credit-tech Business
- Total loans facilitated in the first quarter of 2023 reached
RMB6.4 billion (US$0.9 billion), representing a decrease of 5.4%
from RMB6.8 billion in the fourth
quarter of 2022 and compared to RMB4.6
billion in the same period of 2022. The decline was
primarily due to proactive adjustments in small business loans
business, which were offset by continued growth in the small
revolving loan business.
- Cumulative number of borrowers served reached 7,582,435 as of
March 31, 2023, representing an
increase of 4.2% compared to 7,277,627 as of December 31, 2022 and compared to 6,324,705 as of
March 31, 2022.
- Number of borrowers served in the first quarter of 2023 was
872,235 representing an increase of 1.2% from 862,226 in the fourth
quarter of 2022 and compared to 508,746 in the same period of 2022.
The increase was driven by the strong demand for our small
revolving loan products.
- Outstanding balance of performing loans facilitated reached
RMB11,129.2 million (US$1,620.5 million) as of March 31, 2023, representing a decrease of 1.2%
from RMB11,259.8 million as of
December 31, 2022 and compared to
RMB12,421.0 million as of
March 31, 2022. The decrease was due
to the scale back of our secured loan business as part of our
business optimization process.
Others
- Total gross merchandise volume generated through our e-commerce
platform and "Yiren Select" channel reached RMB308.6 million (US$44.9
million) in the first quarter of 2023, representing an
increase of 5.6% from RMB292.1
million in the fourth quarter of 2022 and compared to
RMB59.0 million in the same period of
2022.
"Against the backdrop of a modest recovery in the macro economy,
we achieved a healthy growth momentum this quarter, exceeding our
internal guidance on revenue and profitability," said Mr.
Ning Tang, Chairman and Chief
Executive Officer. "For the first quarter, total gross written
premiums reached RMB 923 million, up
15% year-on-year while revenue from our insurance brokerage
business increased 27% year-over-year to RMB
196 million. On the credit side, total loans facilitated
this quarter reached RMB 6.4 billion,
representing an increase of 39% year-over-year."
"I am also excited to announce
that we have recently established an AI lab and will focus on
enhancing operational efficiency and driving technological
innovations and business expansion across all business sectors in
2023."
"For the first quarter of 2023, total revenue increased by 40%
year-over-year to RMB 986.3 million
and net income reached RMB 427
million, representing a year-over-year increase of 131% and
a strong net income margin of 43.3%," Ms. Na Mei, Chief Financial Officer, commented. "As
of quarter end, our total cash and cash equivalents was
approximately RMB 5.1 billion.
Looking ahead, we remain committed to delivering growth and our
strong cash position will provide us with the flexibility and
stability to navigate evolving markets and capitalize on untapped
potentials."
First Quarter 2023 Financial Results
Total net revenue in the first quarter of 2023 was
RMB986.3 million (US$143.6 million), representing an increase of
40.0% from RMB704.8 million in the
first quarter of 2022. Particularly, in the first quarter of 2023,
revenue from credit-tech business was RMB483.9 million (US$70.5
million), representing an increase of 23.9% from
RMB390.5 million in the same period
of 2022. The increase was due to an increase of our small revolving
loan products amid strong demand for consumption. Revenue from
insurance brokerage business was RMB196.4
million (US$28.6 million),
representing an increase of 26.5% from RMB155.2 million in the first quarter of 2022.
The increase was due to the expansion of our insurance brokerage
business.
Sales and marketing expenses in the first quarter of
2023 were RMB106.2 million
(US$15.5 million), compared to
RMB176.2 million in the same period
of 2022. The decrease was primarily due to the optimization of the
cost structure for our offline business.
Origination, servicing and other operating costs in
the first quarter of 2023 were RMB199.7
million (US$29.1 million),
compared to RMB152.9 million in the
same period of 2022. The increase was due to the expanding
insurance brokerage business.
General and administrative expenses in the first
quarter of 2023 were RMB92.6 million
(US$13.5 million), compared to
RMB116.5 million in the same period
of 2022. The decrease was primarily a result of optimizing the
company's offline business operations and achieving overall
cost-efficiency improvements.
Allowance for contract assets, receivables and others in
the first quarter of 2023 was RMB44.9
million (US$6.5 million),
compared to RMB31.8 million in
the same period of 2022. The increase was primarily driven by the
increase of loan volume facilitated.
Income tax expense in the first quarter of 2023 was
RMB122.7 million (US$17.9 million).
Net income in the first quarter of 2023 was
RMB427.2 million (US$62.2 million), as compared to RMB184.8 million in the same period in 2022. The
increase was primarily due to the recovery of business volume and
optimization of our business structure. Net income margin increased
to 43.3% in the first quarter of 2023 from 26.2% in the same period
of 2022 due to improved cost efficiency.
Adjusted EBITDA[1] (non-GAAP) in the
first quarter of 2023 was RMB539.3
million (US$78.5 million),
compared to RMB247.2 million in the
same period of 2022.
Basic and diluted income per ADS in the first
quarter of 2023 was RMB4.8 (US$0.7) and RMB4.7 (US$0.7),
compared to a basic per ADS of RMB2.2
and a diluted per ADS of RMB2.2 in
the same period of 2022.
Net cash generated from operating activities in the first
quarter of 2023 was RMB390.3 million
(US$56.8 million), compared to
RMB367.8 million in the same period
of 2022.
Net cash provided by investing activities in the
first quarter of 2023 was RMB774.3
million (US$112.7 million),
compared to RMB348.8 million in the
same period of 2022.
As of March 31, 2023, cash and
cash equivalents were RMB5,077.2
million (US$739.3 million),
compared to RMB4,271.9 million as of
December 31, 2022. As of March 31, 2023, the balance of held-to-maturity
investments was RMB3.3 million
(US$0.5 million), compared to
RMB2.7 million as of
December 31, 2022, the balance of
available-for-sale investments was RMB250.8
million (US$36.5 million),
compared to RMB972.7 million as
of December 31, 2022.
Delinquency rates. As of March 31,
2023, the delinquency rates for loans that are past due for
15-29 days, 30-59 days and 60-89 days were 0.6%, 1.2% and 1.2%
respectively, compared to 0.7%, 1.3% and 1.1% respectively as of
December 31, 2022.
Cumulative M3+ net charge-off rates. As of
March 31, 2023, the cumulative M3+
net charge-off rates for loans originated in 2020, 2021 and 2022
were 8.1%, 6.6% and 2.6% respectively, as compared to 8.1%,
6.5% and 2.0% respectively as of December
31, 2022.
Business Outlook
Based on the Company's preliminary assessment of business and
market conditions, the Company projects the total revenue in the
second quarter of 2023 to be between RMB0.9
billion to RMB1.0 billion,
with net profit margin expected to remain stable.
This is the Company's current and preliminary view, which is
subject to changes and uncertainties.
Recent Development
Management Change
In order to better mobilize the Company's internal human
resources and better serve the future business development
strategy, Ms. Bin Yang has been appointed as the Chief Human
Resources Officer of the Company,
effective immediately. Ms. Yang initially joined the company in
2015 as the head of the human resources department and possesses
over 10 years of experience in human resource management. Prior to
joining the company, she held the position of head of human
resources at JUPITER, C2MICRO, and 360.
Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses
several non-GAAP financial measures, such as adjusted EBITDA and
adjusted EBITDA margin as supplemental measures to review and
assess operating performance. We believe these non-GAAP measures
provide useful information about our core operating results,
enhance the overall understanding of our past performance and
prospects and allow for greater visibility with respect to key
metrics used by our management in our financial and operational
decision-making. The presentation of these non-GAAP financial
measures is not intended to be considered in isolation or as a
substitute for the financial information prepared and presented in
accordance with accounting principles generally accepted in
the United States of America
("U.S. GAAP"). The non-GAAP financial measures have limitations as
analytical tools. Other companies, including peer companies in the
industry, may calculate these non-GAAP measures differently, which
may reduce their usefulness as a comparative measure. The Company
compensates for these limitations by reconciling the non-GAAP
financial measures to the nearest U.S. GAAP performance measure,
all of which should be considered when evaluating our performance.
See "Operating Highlights and Reconciliation of GAAP to Non-GAAP
measures" at the end of this press release.
Currency Conversion
This announcement contains currency conversions of certain RMB
amounts into US$ at specified rates solely for the convenience of
the reader. Unless otherwise noted, all translations from RMB to
US$ are made at a rate of RMB6.8676
to US$1.00, the effective noon buying
rate on March 31, 2023, as set forth
in the H.10 statistical release of the Federal Reserve Board.
Conference Call
Yiren Digital's management will host an earnings conference call
at 8:00 a.m. U.S. Eastern Time on
June 9, 2023 (or 8:00 p.m. Beijing/Hong Kong Time on June 9, 2023).
Participants who wish to join the call should register online in
advance of the conference at:
https://s1.c-conf.com/diamondpass/10031315-v76cyb.html
Once registration is completed, participants will receive the
dial-in details for the conference call.
Additionally, a live and archived webcast of the conference call
will be available at
https://edge.media-server.com/mmc/p/dzdrbbjc.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Such statements are based upon
management's current expectations and current market and operating
conditions and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond Yiren Digital's control.
Forward-looking statements involve risks, uncertainties, and other
factors that could cause actual results to differ materially from
those contained in any such statements. Potential risks and
uncertainties include, but are not limited to, uncertainties as to
Yiren Digital's ability to attract and retain borrowers and
investors on its marketplace, its ability to introduce new loan
products and platform enhancements, its ability to compete
effectively, PRC regulations and policies relating to the
peer-to-peer lending service industry in China, general economic conditions in
China, and Yiren Digital's ability
to meet the standards necessary to maintain the listing of its ADSs
on the NYSE or other stock exchange, including its ability to cure
any non-compliance with the NYSE's continued listing criteria.
Further information regarding these and other risks, uncertainties
or factors is included in Yiren Digital's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and
Yiren Digital does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
About Yiren Digital
Yiren Digital Ltd. is a leading digital personal financial
management platform in China. The
Company provides customized, asset allocation-based holistic wealth
solutions to China's mass affluent
population as well as provides retail credit facilitation services
to individual borrowers and small business owners.
[1] "Adjusted EBITDA"
is a non-GAAP financial measure. For more information on this
non-GAAP financial measure, please see the section of "Operating
Highlights and Reconciliations of GAAP to Non-GAAP Measures" and
the table captioned "Reconciliations of Adjusted EBITDA" set forth
at the end of this press release.
|
Unaudited Condensed
Consolidated Statements of Operations
|
(in thousands,
except for share, per share and per ADS data, and
percentages)
|
|
For the Three Months
Ended
|
|
March 31,
2022
|
|
March 31,
2023
|
|
March 31,
2023
|
|
RMB
|
|
RMB
|
|
USD
|
Net revenue:
|
|
|
|
|
|
Loan facilitation
services
|
229,661
|
|
417,165
|
|
60,744
|
Post-origination
services
|
36,976
|
|
6,316
|
|
920
|
Insurance brokerage
services
|
155,181
|
|
196,358
|
|
28,591
|
Financing
services
|
109,611
|
|
22,577
|
|
3,288
|
Electronic commerce
services
|
49,811
|
|
242,858
|
|
35,363
|
Others
|
123,525
|
|
101,069
|
|
14,717
|
Total net
revenue
|
704,765
|
|
986,343
|
|
143,623
|
Operating costs and
expenses:
|
|
|
|
|
|
Sales and
marketing
|
176,183
|
|
106,212
|
|
15,466
|
Origination,servicing
and other operating costs
|
152,941
|
|
199,745
|
|
29,085
|
General and
administrative
|
116,548
|
|
92,550
|
|
13,476
|
Allowance for contract
assets, receivables and others
|
31,827
|
|
44,905
|
|
6,539
|
Total operating costs
and expenses
|
477,499
|
|
443,412
|
|
64,566
|
Other
(expenses)/income:
|
|
|
|
|
|
Interest
(expense)/income, net
|
(25,573)
|
|
14,519
|
|
2,114
|
Fair value adjustments
related to Consolidated ABFE
|
4,765
|
|
(11,203)
|
|
(1,631)
|
Others, net
|
7,414
|
|
3,589
|
|
522
|
Total other
(expenses)/income
|
(13,394)
|
|
6,905
|
|
1,005
|
Income before provision
for income taxes
|
213,872
|
|
549,836
|
|
80,062
|
Income tax
expense
|
29,044
|
|
122,670
|
|
17,862
|
Net income
|
184,828
|
|
427,166
|
|
62,200
|
|
|
|
|
|
|
Weighted average number
of ordinary shares outstanding, basic
|
170,001,178
|
|
177,782,059
|
|
177,782,059
|
Basic income per
share
|
1.0872
|
|
2.4028
|
|
0.3499
|
Basic income per
ADS
|
2.1744
|
|
4.8056
|
|
0.6998
|
|
|
|
|
|
|
Weighted average number
of ordinary shares outstanding, diluted
|
171,071,430
|
|
180,180,975
|
|
180,180,975
|
Diluted income per
share
|
1.0804
|
|
2.3708
|
|
0.3452
|
Diluted income per
ADS
|
2.1608
|
|
4.7416
|
|
0.6904
|
|
|
|
|
|
|
Unaudited Condensed
Consolidated Cash Flow Data
|
|
|
|
|
|
Net cash generated from
operating activities
|
367,751
|
|
390,307
|
|
56,834
|
Net cash provided
by investing activities
|
348,785
|
|
774,283
|
|
112,744
|
Net cash used in
financing activities
|
(108,208)
|
|
(392,831)
|
|
(57,201)
|
Effect of foreign
exchange rate changes
|
(272)
|
|
(181)
|
|
(26)
|
Net increase in cash,
cash equivalents and restricted cash
|
608,056
|
|
771,578
|
|
112,351
|
Cash, cash equivalents
and restricted cash, beginning of period
|
2,945,344
|
|
4,360,695
|
|
634,966
|
Cash, cash equivalents
and restricted cash, end of period
|
3,553,400
|
|
5,132,273
|
|
747,317
|
Unaudited Condensed
Consolidated Balance Sheets
|
(in
thousands)
|
|
As of
|
|
December 31,
2022
|
|
March 31,
2023
|
|
March 31,
2023
|
|
RMB
|
|
RMB
|
|
USD
|
|
|
|
|
|
|
Cash and
cash equivalents
|
4,271,899
|
|
5,077,211
|
|
739,299
|
Restricted
cash
|
88,796
|
|
55,062
|
|
8,018
|
Accounts
receivable
|
221,004
|
|
320,440
|
|
46,660
|
Contract
assets, net
|
626,739
|
|
609,969
|
|
88,818
|
Contract
cost
|
787
|
|
480
|
|
70
|
Prepaid
expenses and other assets
|
321,411
|
|
258,786
|
|
37,682
|
Loans at
fair value
|
54,049
|
|
175,411
|
|
25,542
|
Financing
receivables
|
514,388
|
|
371,196
|
|
54,050
|
Amounts
due from related parties
|
1,266,232
|
|
1,281,348
|
|
186,579
|
Held-to-maturity investments
|
2,700
|
|
3,320
|
|
483
|
Available-for-sale investments
|
972,738
|
|
250,788
|
|
36,518
|
Property,
equipment and software, net
|
77,256
|
|
75,726
|
|
11,027
|
Deferred
tax assets
|
84,187
|
|
90,855
|
|
13,229
|
Right-of-use assets
|
33,909
|
|
29,606
|
|
4,311
|
Total assets
|
8,536,095
|
|
8,600,198
|
|
1,252,286
|
Accounts
payable
|
14,144
|
|
19,887
|
|
2,897
|
Amounts
due to related parties
|
227,724
|
|
247,717
|
|
36,070
|
Deferred
revenue
|
65,539
|
|
36,555
|
|
5,323
|
Accrued
expenses and other liabilities
|
1,315,006
|
|
1,342,251
|
|
195,447
|
Secured
borrowings
|
767,900
|
|
392,100
|
|
57,094
|
Deferred
tax liabilities
|
79,740
|
|
84,824
|
|
12,351
|
Lease
liabilities
|
35,229
|
|
30,274
|
|
4,408
|
Total
liabilities
|
2,505,282
|
|
2,153,608
|
|
313,590
|
Ordinary
shares
|
129
|
|
129
|
|
19
|
Additional
paid-in capital
|
5,160,783
|
|
5,164,104
|
|
751,952
|
Treasury
stock
|
(46,734)
|
|
(61,046)
|
|
(8,889)
|
Accumulated other comprehensive income
|
7,765
|
|
8,599
|
|
1,251
|
Accumulated deficit
|
908,870
|
|
1,334,804
|
|
194,363
|
Total equity
|
6,030,813
|
|
6,446,590
|
|
938,696
|
Total liabilities and
equity
|
8,536,095
|
|
8,600,198
|
|
1,252,286
|
|
|
|
|
|
|
Operating Highlights
and Reconciliation of GAAP to Non-GAAP Measures
|
(in thousands,
except for number of borrowers, number of investors and
percentages)
|
|
For the Three Months
Ended
|
|
March 31,
2022
|
|
March 31,
2023
|
|
March 31,
2023
|
|
RMB
|
|
RMB
|
|
USD
|
Operating
Highlights
|
|
|
|
|
|
Gross written
premiums
|
806,355
|
|
923,382
|
|
134,455
|
——First year
premium
|
540,043
|
|
627,314
|
|
91,344
|
——Renewal
premium
|
266,313
|
|
296,068
|
|
43,111
|
Number of insurance
clients
|
120,968
|
|
80,856
|
|
80,856
|
Cumulative number of
insurance clients
|
633,431
|
|
1,007,238
|
|
1,007,238
|
Amount of loans
facilitated
|
4,606,889
|
|
6,420,213
|
|
934,855
|
Number of
borrowers
|
508,746
|
|
872,235
|
|
872,235
|
Remaining principal of
performing loans
|
12,421,001
|
|
11,129,221
|
|
1,620,540
|
Gross merchandise
volume
|
59,021
|
|
308,567
|
|
44,931
|
|
|
|
|
|
|
Segment
Information
|
|
|
|
|
|
Insurance
Brokerage:
|
|
|
|
|
|
Revenue
|
155,181
|
|
196,358
|
|
28,592
|
Sales and marketing
expenses
|
5,172
|
|
2,289
|
|
333
|
Origination,servicing
and other operating costs
|
93,190
|
|
133,617
|
|
19,456
|
|
|
|
|
|
|
Consumer
credit:
|
|
|
|
|
|
Revenue
|
390,473
|
|
483,873
|
|
70,457
|
Sales and marketing
expenses
|
137,559
|
|
62,218
|
|
9,060
|
Origination,servicing
and other operating costs
|
39,670
|
|
47,609
|
|
6,933
|
|
|
|
|
|
|
Others:
|
|
|
|
|
|
Revenue
|
159,111
|
|
306,112
|
|
44,574
|
Sales and marketing
expenses
|
33,452
|
|
41,705
|
|
6,073
|
Origination,servicing
and other operating costs
|
20,081
|
|
18,519
|
|
2,696
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Adjusted EBITDA
|
|
|
|
|
|
Net income
|
184,828
|
|
427,166
|
|
62,200
|
Interest
expense/(income), net
|
25,573
|
|
(14,519)
|
|
(2,114)
|
Income tax
expense
|
29,044
|
|
122,670
|
|
17,862
|
Depreciation and
amortization
|
6,260
|
|
1,868
|
|
272
|
Share-based
compensation
|
1,500
|
|
2,089
|
|
304
|
Adjusted
EBITDA
|
247,205
|
|
539,274
|
|
78,524
|
Adjusted EBITDA
margin
|
35.1 %
|
|
54.7 %
|
|
54.7 %
|
Delinquency
Rates
|
|
|
15-29
days
|
|
30-59
days
|
|
60-89
days
|
December 31,
2019
|
0.8 %
|
|
1.3 %
|
|
1.0 %
|
December 31,
2020
|
0.5 %
|
|
0.7 %
|
|
0.6 %
|
December 31,
2021
|
0.9 %
|
|
1.5 %
|
|
1.2 %
|
December 31,
2022
|
0.7 %
|
|
1.3 %
|
|
1.1 %
|
March 31,
2023
|
|
0.6 %
|
|
1.2 %
|
|
1.2 %
|
Net Charge-Off
Rate
|
Loan Issued
Period
|
|
Amount of Loans
Facilitated
During the Period
|
|
Accumulated M3+ Net
Charge-Off
as of March 31, 2023
|
|
Total Net Charge-Off
Rate
as of March 31, 2023
|
|
|
(in RMB
thousands)
|
|
(in RMB
thousands)
|
|
|
2019
|
|
3,431,443
|
|
395,872
|
|
11.5 %
|
2020
|
|
9,614,819
|
|
778,668
|
|
8.1 %
|
2021
|
|
23,195,224
|
|
1,537,956
|
|
6.6 %
|
2022
|
|
22,623,101
|
|
598,837
|
|
2.6 %
|
M3+ Net Charge-Off
Rate
|
Loan Issued
Period
|
|
Month on
Book
|
|
|
4
|
7
|
10
|
13
|
16
|
19
|
22
|
25
|
28
|
31
|
34
|
2019Q1
|
|
0.0 %
|
0.8 %
|
2.0 %
|
3.4 %
|
5.3 %
|
5.9 %
|
6.3 %
|
6.3 %
|
6.3 %
|
6.3 %
|
6.3 %
|
2019Q2
|
|
0.1 %
|
1.5 %
|
4.5 %
|
7.5 %
|
8.8 %
|
9.2 %
|
9.9 %
|
10.3 %
|
10.6 %
|
10.6 %
|
10.6 %
|
2019Q3
|
|
0.2 %
|
2.9 %
|
6.8 %
|
9.0 %
|
10.4 %
|
12.0 %
|
13.2 %
|
13.8 %
|
14.4 %
|
14.6 %
|
14.6 %
|
2019Q4
|
|
0.4 %
|
3.1 %
|
4.9 %
|
6.3 %
|
7.2 %
|
7.9 %
|
8.4 %
|
8.9 %
|
9.5 %
|
9.8 %
|
9.8 %
|
2020Q1
|
|
0.6 %
|
2.3 %
|
4.1 %
|
5.2 %
|
6.0 %
|
6.2 %
|
6.6 %
|
7.2 %
|
7.7 %
|
7.8 %
|
7.9 %
|
2020Q2
|
|
0.5 %
|
2.5 %
|
4.2 %
|
5.3 %
|
6.1 %
|
6.7 %
|
7.5 %
|
8.1 %
|
8.2 %
|
8.2 %
|
|
2020Q3
|
|
1.1 %
|
3.3 %
|
5.1 %
|
6.3 %
|
7.1 %
|
8.1 %
|
8.7 %
|
8.8 %
|
8.9 %
|
|
|
2020Q4
|
|
0.3 %
|
1.8 %
|
3.2 %
|
4.6 %
|
6.0 %
|
7.0 %
|
7.4 %
|
7.6 %
|
|
|
|
2021Q1
|
|
0.4 %
|
2.3 %
|
3.9 %
|
5.5 %
|
6.6 %
|
6.9 %
|
7.2 %
|
|
|
|
|
2021Q2
|
|
0.4 %
|
2.4 %
|
4.5 %
|
5.9 %
|
6.4 %
|
6.7 %
|
|
|
|
|
|
2021Q3
|
|
0.5 %
|
3.1 %
|
5.0 %
|
5.9 %
|
6.2 %
|
|
|
|
|
|
|
2021Q4
|
|
0.6 %
|
3.2 %
|
4.6 %
|
5.3 %
|
|
|
|
|
|
|
|
2022Q1
|
|
0.6 %
|
2.5 %
|
3.8 %
|
|
|
|
|
|
|
|
|
2022Q2
|
|
0.4 %
|
2.2 %
|
|
|
|
|
|
|
|
|
|
2022Q3
|
|
0.5 %
|
|
|
|
|
|
|
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/yiren-digital-reports-first-quarter-2023-financial-results-301846970.html
SOURCE Yiren Digital