Yiren Digital Ltd (NYSE:YRD)
$ 6.05 -0.41 (-6.35%) Market Cap: 525.93 Mil Enterprise Value: -286.15 Mil PE Ratio: 1.91 PB Ratio: 0.43 GF Score: 65/100
Back to the Transcripts List

Q2 2024 Yiren Digital Ltd Earnings Call Transcript

Aug 20, 2024 / 12:00PM GMT
Release Date Price: $4.8 (-2.44%)

Key Points

Positve
  • Total loan volume reached RMB12.9 billion, marking a 59% increase year-over-year.
  • Number of borrowers served increased by 47% year-over-year to 1.5 million.
  • Monthly active users on the loan facilitation platform rose by 88% year-over-year to 4.5 million.
  • Customer acquisition costs decreased by 18% quarter-over-quarter.
  • The company announced a new dividend policy, with the first cash dividend set at USD0.2 per American depository share.
Negative
  • Gross written premiums in the insurance brokerage business decreased by 20% year-over-year.
  • Revenue from the insurance segment was down 77% year-over-year.
  • Sales and marketing expenses increased by 21% year-over-year.
  • Allowance for contract assets and receivables increased by 152% year-over-year.
  • Net income decreased by 22% year-over-year.
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 Officer. Please go ahead.

Keyao He
Yiren Digital Ltd - Investor Relations Officer

Thank you, operator. Good morning and good evening, everyone. Today's call features a presentation by our Founder, Chairman and CEO of Yiren Digital, Mr. Ning Tang; and our CFO, Ms. Na Mei. Our new CFO, Mr. Yuning Feng, will also attend the Q&A session after the prepared remarks.

Before beginning, we'd like to remind you the discussions during this call contain forward-looking statements made under the safe harbor provision of US Private Securities Litigation Reform Act of 1995. Such statements are subject to risks, uncertainties, and factors that can cause actual results to differ materially from those contained in any such statements. Further information regarding future risks, uncertainties, or factors is included in our filings with

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.