Yiren Digital(US:YRD)2020-03-26 18:50Company Overview - Yirendai is a leading FinTech company in China, operating the first lending mobile app at scale[8] - The company focuses on prime consumers and offers online wealth management for investors[7] - As of December 2018, Yirendai facilitated cumulative loan of RMB 1126 billion, served 15 million borrowers and 16 million investors[11] Market Opportunity - China's individual wealth management market is expected to increase from USD 19 trillion in 2015 to USD 34 trillion in 2020[22] - The unsecured consumer finance market in China is expected to reach USD 1885 billion in 2019[26] Financial Performance - In 2018, Yirendai facilitated RMB 41406 million in online loans and RMB 15884 million in referral loans[48,74] - The company's net revenue for 2018 was RMB 5621 million[74] - The adjusted EBITDA margin for 2018 was 438%[53,87] Risk Management - The cumulative M3+ Net Charge Off Rate for loans facilitated since 2015 was 140% as of December 31, 2018[65] - Yirendai utilizes an extensive data set and proprietary decisioning platform for credit risk assessment[34]