Yiren Digital(US:YRD)2020-06-24 14:51Business 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]