YRD - Yiren Digital reports Q4 earnings; initiates FY23 outlook

2023-03-16 06:16:48 ET

• Yiren Digital press release ( NYSE: YRD ): Q4 GAAP EPADS of $0.80.
• Revenue of $157.8M (+6.6% Y/Y).
• Adjusted EBITDA was $93.5M.

• As of December 31, 2022, the delinquency rates for loans that are past due for 15-29 days, 30-59 days and 60-89 days were 0.7%, 1.3% and 1.1% respectively, compared to 0.9%, 1.5% and 1.2% respectively as of December 31, 2021.

• Cumulative M3+ net charge-off rates. As December 31, 2022, the cumulative M3+ net charge-off rates for loans originated in 2019, 2020 and 2021 were 11.6%, 8.1% and 6.5% respectively, as compared to 11.7%, 8.0% and 6.1% respectively as of September 30, 2022.

• Outlook: Based on the Company's preliminary assessment of business and market conditions, the Company projects the total revenue in the full year of 2023 to be between RMB3.6 billion to RMB4 billion, with net profit margin expected to remain stable.

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