Yiren Digital Ltd. (YRD) released earnings for full year that Dropped, from last year
The company's bottom line came in at RMB40.526 million, or RMB0.232 per share. This compares with RMB1.582 billion, or RMB9.056 per share, last year.
The company's revenue for the period fell 1.5% to RMB5.719 billion from RMB5.805 billion last year.
Yiren Digital Ltd. earnings at a glance (GAAP) :
-Earnings: RMB40.526 Mln. vs. RMB1.582 Bln. last year.-EPS: RMB0.232 vs. RMB9.056 last year.-Revenue: RMB5.719 Bln vs. RMB5.805 Bln last year.
For the full year, the company posted net income per ADS of RMB0.46, compared with RMB18.11 per ADS last year.
Commenting on the earnings, the company said: “The decrease primarily resulted from increasing allowance of contract assets and receivables due to more loan facilitation volume during the period, plus substantial upfront provisions recognized for the risk-taking model assets in the fourth quarter of 2025 required by accounting standards, along with a higher-risk asset profile and lower fee rates in the loan facilitation business under new regulations. The short-term impact of accounting standards on earnings should normalize as the risk-taking loan balance stabilizes.”
YRD was down by 12.57% at $3.200 in the pre-market trade on the New York Stock Exchange.
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