Core Insights - Yiren Digital Ltd. has released its first ESG report, emphasizing its commitment to environmental sustainability and social responsibility through its mission of "Better Lives Through Digital Innovation" [1] Technological Innovation Enhances Customer Experiences - The company has implemented a business strategy of "AI + Diversified Scenarios" and launched the "AI Lab" program, resulting in over 2.1 million intelligent customer services in 2023, leading to high customer satisfaction rates: 94% for financial services, 96% for insurance brokerage, and 95% for consumption and lifestyle services [2] User Information Security and Privacy Protection - Yiren Digital has enhanced its security capabilities, obtaining ISO 27001 certification and National Level 3 Classified Protection Certification in 2023. The company developed the Hawkeye antifraud model, identifying over 20,000 potentially dubious clients through a combination of AI and manual assistance [3] Empowering Customers through Inclusive Financial Solutions and Societal Contributions - The company facilitated RMB 3.6 billion in loans in 2023 through its Yixianghua platform, providing financial solutions to over 460,000 micro and small business owners, ensuring equal access to financial services [4] - Yiren Digital provided accident insurance protection to 100,000 flexible workers in Wuhan through its "New Resident Care" project, extending services to traditionally underserved workers [5] Leading Green and Low-Carbon Development - The company promotes green finance, restricting loans to high-energy consumption and high-pollution industries. In 2023, it facilitated RMB 12.55 million in credit to 483 business owners in the environmental protection monitoring industry while rejecting applications from 327 businesses with environmental violations [6] - By the end of 2023, over 90% of electrical equipment in Yiren Digital's Beijing offices had energy-saving labels, and the company aims for an average Power Usage Effectiveness (PUE) of 1.3 by 2024 [7]

BEIJING, June 28, 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 the release of its annual ESG report for the year ended December 31, 2023. The report highlights Yiren Digital's mission of "Better Lives Through Digital Innovation," demonstrating the Company's unwavering dedication to environmental sustainability and social responsibility.To view Yiren ...

Yiren Digital Investor Presentation June,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 purchaseor subscribe for any securities of the Company for sale in the United States or anywhere else. ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2024 reached RMB1.4 billion, representing a 40% year-over-year increase [19] - Total loan volume reached RMB11.9 billion, marking an 86% increase year-over-year [6] - Net profit for the quarter was RMB486 million, a 14% increase from the prior year [24] - Net cash from operations increased by 62% year-over-year [24] Business Line Data and Key Metrics Changes - Financial services segment revenue increased by 53% year-over-year to RMB738.1 million [19] - Insurance brokerage segment gross written premiums reached RMB912 million, a slight 1% decrease year-over-year [19] - Consumption and lifestyle services segment GMV reached RMB625 million, a remarkable 103% year-over-year increase [15] Market Data and Key Metrics Changes - The Philippine market achieved a milestone by surpassing RMB10 million in monthly loan volume [9] - International business loan volume increased by 60% compared to the previous quarter [8] Company Strategy and Development Direction - The company has rebranded its Chinese name to emphasize its focus on AI technology [5] - AI integration is a core strategy, with plans to enhance existing operations and explore new business opportunities [16][18] - The company aims to build advanced AI capabilities and explore strategic investments and partnerships [17][43] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of regulatory changes on the life insurance sector but remains optimistic about future growth in property insurance [12][14] - The company expects to maintain a revenue range of RMB1.4 billion to RMB1.6 billion for Q2 2024 [25] - Management is evaluating the possibility of instituting a dividend to return cash to shareholders [32] Other Important Information - The delinquency rate of the loan portfolio increased to 3.9% due to industry-wide credit quality fluctuations [10] - The company is focusing on improving asset quality through AI analysis and risk control [10][11] Q&A Session Summary Question: Comments on the quarter and dividend suggestion - Management acknowledged improvements in public relations and is evaluating the suggestion for a dividend [31][32] Question: International business expansion - Management confirmed solid progress in international markets, with expectations for overseas loan volume to increase significantly [38][39] Question: AI strategy and acquisitions - Management is focusing on utilizing AI in existing operations and exploring strategic investments and acquisitions in AI [41][43] Question: Cash flow and prepaid expenses - Management explained the increase in net cash from operations and the rise in prepaid expenses due to business development needs [46][65][68]

BEIJING, June 21, 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 March 31, 2024. First Quarter 2024 Operational HighlightsFinancial Services Business Total loans facilitated in the first quarter of 2024 reached RMB11.9 billion (US$1.6 billion), representing an increase of 2.3% from RMB11.6 billion i ...

BEIJING, June 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 first quarter ended March 31, 2024 before U.S. market opens on Friday, on June 21, 2024.Yiren Digital's management will host an earnings conference call at 7:30 a.m. U.S. Eastern Time on June 21, 2024 (or 7:30 p.m. Beijing/Hong Kong Time on June 2 ...

BEIJING, June 6, 2024 /PRNewswire/ -- When identifying a unicorn in the AI sector, consider this: focus on businesses with stable cash flow that can pivot to AI-powered innovations and have the potential to redefine their market categories. That's the approach highlighted by Mr. Huang Jingsheng, a celebrated investment veteran, former managing executive director at the Harvard Center Shanghai and board director of Yiren Digital, at the GenAI Summit San Francisco 2024. Mr. Huang Jingsheng (middle) shared his ...

BEIJING, May 30, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, proudly announces that its AI-driven Intelligent Customer Service has received the "Outstanding Solution" Award at the "Technology Industry Financial Integration" Data Modeling Algorithm Competition. This prestigious event is hosted by leading institutions that include the China Academy of Information and Communications Technology, the Dep ...

BEIJING, May 29, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital"), an AI-powered platform offering a comprehensive suite of financial and lifestyle services in China, is pleased to announce that its proprietary intelligence platform, DiTing, has surpassed one billion decisions as of March 31, 2024. This milestone underscores the data-tech based system's robust capabilities in leveraging advanced AI and machine learning algorithms to support dynamic and reliable financial decision-making ...

BEIJING, May 15, 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 that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission on May 15, 2024. The annual report can be accessed on the Company's website at https://ir.yiren.com/ The Company will provide a hard copy of the ann ...