Yiren Digital Ltd (NYSE:YRD) Q2 2021 Results Earnings Conference Call August 19, 2021 8:00 AM ET Company Participants Lydia Yu - Investor Relations Officer Ning Tang - Chief Executive Officer Mei Zhou - Chief Executive Officer, Yiren Credit Mei Na - Chief Financial Officer Conference Call Participants Cindy Wang - DBS Vickers Operator Good day and thank you for standing by. Welcome to the Yiren Digital Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. An ...

Yiren Digital Ltd (NYSE:YRD) Q1 2021 Earnings Conference Call June 9, 2021 8:00 PM ET Company Participants Mei Zhou - CEO, Yiren Credit Na Mei - CFO Lydia Yu - IR Officer Ning Tang - Executive Chairman & CEO Conference Call Participants Operator Good day, and thank you for standing by, and welcome to the Yiren Digital First Quarter 2021 Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first sp ...

Company Overview - As of December 31, 2020, the company served approximately 5.2 million borrowers and 2.3 million investors, facilitating loans of RMB 11,651.5 million (US$1,785.7 million) in 2020[536]. - The total Assets Under Administration (AUA) on the Yiren Wealth platform was RMB 23,227.4 million (US$3,559.8 million) with an average AUA per investor of RMB 151,575.6 (US$23,230.0) as of December 31, 2020[537]. - The company has restructured its reportable segments into Yiren Wealth and Yiren Credit following the acquisition of businesses under common control[596]. Financial Performance - Total net revenue for the year ended December 31, 2020, was RMB 3,961.96 million (US$607.2 million), with loan facilitation services contributing 33.6% of total revenue[572]. - Total net revenue decreased by 54.1% from RMB 8,616.8 million in 2019 to RMB 3,961.9 million (US$ 607.2 million) in 2020[599]. - Revenue from the consumer credit segment decreased by 60.7% from RMB 6,440.6 million in 2019 to RMB 2,529.6 million (US$ 387.7 million) in 2020, primarily due to a 74.3% decrease in loan facilitation services[601]. - Revenue from the wealth management segment decreased by 34.2% from RMB 2,176.2 million in 2019 to RMB 1,432.4 million (US$ 219.5 million) in 2020, mainly due to a 54.3% decrease in account management services[604]. - Net income for 2020 was RMB 1,579.8 million, a significant increase compared to a net loss of RMB 692.7 million in 2019[598]. - The company reported a gain on the disposal of loan receivables and other beneficial rights amounting to RMB 663.9 million (5.9% of total income) in 2020[598]. Operational Challenges - The impact of COVID-19 led to a significant decrease in loan volumes and revenues in the first half of 2020, with measures taken to support affected customers[561]. - The company experienced an increase in delinquency volatilities due to the COVID-19 outbreak, affecting its operational efficiency[559]. - The competitive landscape in the online consumer finance industry in China is intensifying, with potential new entrants posing challenges to the company's market position[556]. - The company expects borrower credit performance to be volatile in the foreseeable future due to regulatory uncertainties, which may lead to higher default rates[571]. Cost Management - Sales and marketing expenses for 2020 were RMB 1,905,095, accounting for 48.1% of net revenue, down from 51.7% in 2019[590]. - The company reported total operating costs and expenses of RMB 4,667,800 for 2020, which is 100% of net revenue[590]. - Total operating costs and expenses for 2020 were RMB 10,467.97 million, representing 93.1% of total revenue[598]. - The company’s strategy to streamline operations led to a decrease in sales and marketing expenses from 2018 to 2020[584]. Investor Behavior - Approximately 49.4% of investors on the platform only funded loans, while 40.5% invested in products other than loans as of December 31, 2020[537]. - More than 55% of investors utilized the automated investing tool in 2020, highlighting a shift in investor behavior towards technology-enabled services[577]. Risk Management - The company has implemented tighter risk policies to improve the asset quality of new loans facilitated through its marketplace[576]. - The delinquency rates for all loans as of December 31, 2020, were 1.2% for 15-29 days, 1.7% for 30-59 days, and 1.4% for 60-89 days, showing a slight improvement in credit quality compared to previous years[566]. - The M3+ Net Charge-off Rate for loans facilitated in 2020 Q1-Q3 was 0.7%, significantly lower than previous years, indicating improved loan performance[570]. Cash Flow and Liquidity - As of December 31, 2020, the company had cash and cash equivalents of RMB 2,469.9 million (US$378.5 million), indicating sufficient liquidity to navigate economic uncertainty[564]. - Cash and cash equivalents decreased by 22.8% from RMB 3,198.1 million as of December 31, 2019 to RMB 2,469.9 million (US$378.5 million) as of December 31, 2020[626]. - The company believes its cash on hand and anticipated cash flows will be sufficient to meet working capital requirements for the next 12 months[697]. Management and Leadership - Ning Tang has served as the executive chairman and CEO since July 2019, and is the founder of CreditEase, established in 2006[733]. - Mr. Tang was elected chairman of the Beijing P2P Association in December 2014, which is the first officially registered association in the industry in China[733]. - In July 2011, Mr. Tang received the "Leader of the Year" nomination in the Global Microfinance Achievement Awards 2011[733].

Yiren Digital Ltd. (NYSE:YRD) Q4 2020 Earnings Conference Call April 1, 2021 8:00 AM ET Company Participants Lydia Yu – Investor Relations Ning Tang – Executive Chairman and Chief Executive Officer Mei Zhou – Chief Executive Officer of Yiren Credit Na Mei – Chief Financial Officer George Liu – Chief Risk Officer Dennis Cong – Director of Yiren Digital Yu Cong – Senior Vice President of Strategic Corporate Business Development and Director Conference Call Participants Matt Larson – National Securities Operat ...

Yiren Digital Ltd (NYSE:YRD) Q2 2020 Earnings Conference Call August 27, 2020 8:00 PM ET Company Participants Lydia Yu – Investor Relations Ning Tang – Chief Executive Officer Zhong Bi – Chief Financial Officer Michael Ji – Chief Risk Officer Conference Call Participants Alex Ye – UBS Daphne Poon – Citi Operator Ladies and gentlemen, thank you for standing by and welcome to Yiren Digital Second Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker ...

Business Overview - Yiren Digital is a leading digital financial services platform in China, focusing on consumer credit and wealth management[9, 10] - The company operates a "light" capital model, generating revenue through loan and AUM-based recurring service fees[11] Q1 2020 Key Metrics - Assets Under Administration (AUA) reached approximately RMB 32 billion[12] - The platform served approximately 221,000 current investors, including around 26,000 non-P2P investors[12] - AUA for non-P2P investments was about RMB 1.7 billion, showing a 67% quarter-over-quarter increase[12] - The platform had served approximately 2.2 million accumulative investors as of Q1 2020[12] - Loan balance in Q1 2020 was approximately RMB 42 billion[12] - The platform acquired approximately 115,000 new borrowers in Q1 2020[12] - The platform had served approximately 4.8 million accumulative borrowers as of Q1 2020[12] Financial Performance (Q1 2020) - Net revenue was RMB 1,023.66 million[64] - Net income was RMB 19.219 million[64] - Adjusted EBITDA was RMB 29.751 million, with an adjusted EBITDA margin of 2.9%[70] Loan Portfolio - The remaining principal of performing loans was RMB 42.063 billion[70]

Yiren Digital Ltd. (NYSE:YRD) Q1 2020 Earnings Conference Call June 23, 2020 8:00 PM ET Company Participants Lydia Yu - Investor Relations Ning Tang - Founder, Chairman and CEO of CreditEase and CEO of Yiren Digital Zhong Bi - CFO of Yiren Digital Michael Ji - CRO of Yiren Digital Dennis Cong - Senior VP of the Capital Markets Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to the Yiren Digital First Quarter 2020 Earnings Conference Call. At this time, all ...