YRD - Yiren Digital -9% despite delivering solid Q4 results
Yiren Digital ([[YRD]] -9.3%) Q4 revenue decreased to RMB 1.160.9M, compared to RMB 2,363.6M Y/Y due to decreased loan volume..Allowance for contract assets and receivables were RMB 34M, compared to RMB 588.3M Y/Y, due to decreased loan volume and improved risk performance as the loan product mix changed with the evolution of the Co.'s credit business model.Total amount of loans facilitated was RMB 8B, compared to RMB 4.2B last year.The delinquency rates for loans that are past due for 15-29 days, 30-59 days and 60-89 days were 1.2%, 1.7% and 1.4% respectively.Number of active investors of current investment products was 163,593 as of Dec. 31, 2020, representing a decrease of 4% from 170,907 as of Sept. 30, 2020.Total client assets for current investments products increased by 71% Q/Q to RMB 8.6B.“Our cash position remains strong with RMB 2.6B of cash and short-term investment as of Dec. 31, 2020 and excluding the
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Yiren Digital -9% despite delivering solid Q4 results