Financial Performance - Total net revenue in Q3 2024 was RMB1,479.1 million (US$210.8 million), representing a 12.8% increase from RMB1,310.8 million in Q3 2023[8] - Total net revenue for the three months ended September 30, 2024, was RMB 1,479,088 thousand, a decrease of 1.2% compared to RMB 1,496,536 thousand in the previous quarter[33] - Revenue from financial services business was RMB836.2 million (US$119.2 million), a 25.2% increase from RMB668.0 million in Q3 2023[8] - Revenue from the financial services business in Q3 2024 was RMB 836,193, a decrease from RMB 851,031 in Q2 2024[36] - Net income in Q3 2024 was RMB355.4 million (US$50.7 million), a decrease from RMB554.4 million in the same period in 2023[14] - Net income for the three months ended September 30, 2024, was RMB 355,442 thousand, down 13.2% from RMB 409,528 thousand in the previous quarter[33] - Adjusted EBITDA for the nine months ended September 30, 2024, was RMB 1,467,972, reflecting a decrease of 22.4% from RMB 1,893,638 in the same period of 2023[36] - The adjusted EBITDA margin for Q3 2024 was 26.6%, down from 32.1% in Q2 2024[36] Loan Facilitation - Total loans facilitated in Q3 2024 reached RMB13.4 billion (US$1.9 billion), a 3.5% increase from RMB12.9 billion in Q2 2024 and a 36.7% increase from RMB9.8 billion in Q3 2023[5] - The amount of loans facilitated in Q3 2024 reached RMB 13,392,676, a 3.5% increase from RMB 12,936,017 in Q2 2024[36] - Cumulative number of borrowers served reached 11,611,899 as of September 30, 2024, a 7.4% increase from 10,807,497 as of June 30, 2024[5] - The number of borrowers increased to 1,498,020 in Q3 2024, a slight increase from 1,491,756 in Q2 2024[36] Cash and Assets - As of September 30, 2024, cash and cash equivalents were RMB3,705.9 million (US$528.1 million), down from RMB5,496.9 million as of June 30, 2024[19] - Cash and cash equivalents decreased to RMB 3,705,866 thousand as of September 30, 2024, from RMB 5,496,932 thousand as of June 30, 2024[35] - Total assets increased to RMB 12,457,945 thousand as of September 30, 2024, compared to RMB 11,815,769 thousand as of June 30, 2024[35] - Total liabilities increased to RMB 3,173,092 thousand as of September 30, 2024, from RMB 2,851,866 thousand as of June 30, 2024[35] Research and Development - Research and development expenses in Q3 2024 were RMB150.8 million (US$21.5 million), compared to RMB39.0 million in Q3 2023, reflecting ongoing investment in AI upgrades[11] - Research and development expenses for the three months ended September 30, 2024, were RMB 150,840 thousand, a significant increase from RMB 55,812 thousand in the previous quarter[33] Share Repurchase - In Q3 2024, the company allocated US$3.0 million to repurchase shares, totaling approximately US$16.5 million under the 2022 share repurchase program[23] Operating Costs - Operating costs and expenses totaled RMB 1,139,816 thousand for the three months ended September 30, 2024, an increase of 7.6% from RMB 1,058,335 thousand in the previous quarter[33] - The company reported a significant increase in sales and marketing expenses, which rose to RMB 307,459 in Q3 2024, compared to RMB 253,103 in Q2 2024[36] Delinquency Rates - The delinquency rate for loans was reported at 2.1% for December 2022, showing a slight improvement from 2.0% in December 2021[37] - The 30+ days delinquency rate for loans issued in Q3 2023 reached 7.8%[38] - In Q2 2023, the delinquency rate for loans issued at 12 months was 7.3%[38] - The delinquency rate for loans issued in Q1 2023 was 6.2% at 6 months[38] - The delinquency rate for loans issued in Q4 2022 was 5.9% at 12 months[38] - The delinquency rate for loans issued in Q1 2022 was 4.8% at 12 months[38] - The delinquency rate for loans issued in Q4 2021 was 5.8% at 12 months[38] - The delinquency rate for loans issued in Q3 2021 was 6.9% at 12 months[38] - The delinquency rate for loans issued in Q2 2021 was 7.9% at 12 months[38] - The delinquency rate for loans issued in Q1 2020 was 8.5% at 24 months[38] - The delinquency rate for loans issued in Q4 2019 was 10.3% at 24 months[38]

Core Viewpoint - Yiren Digital Ltd. reported a stable third quarter in 2024, highlighting a focus on sustainable, high-quality growth through strategic initiatives in financial services, insurance brokerage, and e-commerce sectors [2][3]. Financial Services Business - Total loans facilitated in Q3 2024 reached RMB 13.4 billion (US$ 1.9 billion), up 3.5% from RMB 12.9 billion in Q2 2024 and significantly higher than RMB 9.8 billion in Q3 2023 [3][4]. - The cumulative number of borrowers served increased to 11,611,899, a 7.4% rise from 10,807,497 in Q2 2024 and up from 8,595,780 in Q3 2023 [3][4]. - The outstanding balance of performing loans reached RMB 22.8 billion (US$ 3.2 billion), reflecting a 4.3% increase from RMB 21.8 billion in Q2 2024 and a substantial rise from RMB 15.1 billion in Q3 2023 [3][4]. Insurance Brokerage Business - The cumulative number of insurance clients served reached 1,470,738, marking a 4.3% increase from 1,410,158 in Q2 2024 and up from 1,256,762 in Q3 2023 [3][4]. - Gross written premiums in Q3 2024 were RMB 1,351.3 million (US$ 192.6 million), a 27.4% increase from RMB 1,060.9 million in Q2 2024, but a decrease from RMB 1,428.5 million in Q3 2023 [3][4]. Consumption and Lifestyle Business - Total gross merchandise volume through the e-commerce platform reached RMB 507.6 million (US$ 72.3 million) in Q3 2024, down 8.5% from RMB 554.6 million in Q2 2024 and lower than RMB 563.2 million in Q3 2023 [3][4]. Financial Performance - Total net revenue for Q3 2024 was RMB 1,479.1 million (US$ 210.8 million), up 12.8% from RMB 1,310.8 million in Q3 2023 [3][4]. - Revenue from financial services was RMB 836.2 million (US$ 119.2 million), a 25.2% increase from RMB 668.0 million in Q3 2023 [3][4]. - Net income for Q3 2024 was RMB 355.4 million (US$ 50.7 million), down from RMB 554.4 million in Q3 2023, primarily due to increased provisions related to loan volume [3][4]. Cash Flow and Investments - Net cash generated from operating activities in Q3 2024 was RMB 50.4 million (US$ 7.2 million), a significant decrease from RMB 645.4 million in Q3 2023 [4]. - Cash and cash equivalents as of September 30, 2024, were RMB 3,705.9 million (US$ 528.1 million), down from RMB 5,496.9 million as of June 30, 2024, due to long-term investments [4][5]. Business Outlook - The company projects total revenue for Q4 2024 to be between RMB 1.3 billion and RMB 1.5 billion, with a healthy net profit margin anticipated [5].

Group 1 - Yiren Digital Ltd. plans to release its unaudited financial results for Q3 2024 on November 20, 2024, before U.S. market opens [1] - The earnings conference call will take place at 7:00 a.m. U.S. Eastern Time on the same day, with registration required for participants [2] - A live and archived webcast of the conference call will be available for those unable to join the live session [3] Group 2 - Yiren Digital is an AI-powered platform offering a comprehensive suite of financial and lifestyle services in China, aiming to enhance customers' financial well-being and quality of life [3] - The company supports clients at various growth stages, addressing financing needs from consumption and production activities [3]

Group 1 - The core investment thesis for Yiren Digital Ltd. (NYSE: YRD) is a Buy rating, supported by the resumption of dividend payments and a new semi-annual distribution policy [1] - YRD is expected to complete its share buyback program by the end of 2024, indicating strong financial health and commitment to returning value to shareholders [1] - The investment service Asia Value & Moat Stocks focuses on identifying undervalued stocks in Asia, particularly in the Hong Kong market, emphasizing deep value balance sheet bargains and wide moat stocks [1]

Company Overview - Yiren Digital is an AI-powered platform based in Beijing, providing a comprehensive suite of financial and lifestyle services in China [3] - The company's mission is to enhance customers' financial well-being and quality of life through digital financial services, tailor-made insurance solutions, and premium lifestyle services [3] Upcoming Event - Yuning Feng, CFO of Yiren Digital, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on September 25, 2024, at 8:00 AM ET [1] - The event will be interactive, allowing investors to ask questions in real-time during the presentation and at the organization's virtual trade booth [1] - An archived webcast will be available for those unable to attend the live event [1] Participation Details - Investors are encouraged to pre-register and conduct an online system check to facilitate participation and receive updates [2] - Participation in the conference is free of charge [2] Virtual Investor Conferences - Virtual Investor Conferences (VIC) is a leading proprietary investor conference series that provides an interactive forum for publicly traded companies to present directly to investors [3][4] - VIC offers enhanced capabilities for companies to connect with investors, schedule one-on-one meetings, and enhance presentations with dynamic video content [4]

Yiren Digital Ltd. (NYSE:YRD) Q2 2024 Results Conference Call August 20, 2024 8:00 AM ET Company Participants Keyao He - Investor Relations Ning Tang - Chief Executive Officer Na Mei - Chief Financial Officer Conference Call Participants Bruce Oren - Black Lab Fund Operator Good day, and welcome to the Yiren Digital Second Quarter 2024 Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Keyao He, Investor Relations Offi ...

Exhibit 99.1 Yiren Digital Reports First Quarter 2024 Financial Results BEIJING – June 21, 2024 – Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced its unaudited financial results for the quarter ended March 31, 2024. First Quarter 2024 Operational Highlights Financial Services Business l Total loans facilitated in the first quarter of 2024 reached RMB11.9 billion (US$1.6 bil ...

Yiren Digital Investor Presentation August,2024 Disclaimer This presentation has been prepared by Yiren Digital solely for information purposes. This presentation does not constitute an offer to sell or issue or an invitation or recommendation to purchase or subscribe for any securities of the Company for sale in the United States or anywhere else. This material contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities E ...

BEIJING, Aug. 20, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced its unaudited financial results for the quarter ended June 30, 2024. Second Quarter 2024 Operational HighlightsFinancial Services Business Total loans facilitated in the second quarter of 2024 reached RMB12.9 billion (US$1.8 billion), representing an increase of 8.6% from RMB11.9 billion ...

BEIJING, Aug. 14, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, announced that it plans to release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. market opens on Tuesday, on August 20, 2024.Yiren Digital's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on August 20, 2024 (or 8:00 p.m. Beijing/Hong Kong Time on A ...