Yiren Digital posts RMB 494.7 million net loss in Q1

Earnings
โดย RTTNews·Read original
Summary · why it matters

Yiren Digital reported a net loss of RMB 494.7 million for the first quarter, swinging from a net income of RMB 247.5 million a year earlier. Loss per ADS was RMB 5.6420 compared to income per ADS of RMB 2.8460, with the company attributing the decline to a reduced credit solution business scale, lower loan origination volume, lower service fee rates under new regulations, and higher credit-related costs. Total net revenue fell 41% to RMB 915.1 million, while credit solution revenue decreased 39% to RMB 795.7 million. Adjusted EBITDA was a loss of RMB 336.8 million versus a gain of RMB 325.0 million in the prior-year period. In pre-market trading on the NYSE, Yiren Digital shares were up 0.45 percent to $1.12.

Impact on stocks 1

Financials · 1 stocks