YRD - Yiren Digital rises 32% after 7% revenue growth in Q121

Digital personal financial management platform Yiren Digital ([[YRD]] +32%) reported net revenue of $167.9M (+7% Y/Y) in Q1.Revenue from wealth management business totaled $40.3M (-36.6%), while revenue from credit business reached $127.6M (+37.6%).Q1 net income was $27.7M, while basic and diluted income per ADS came to $0.3.Non-GAAP Adj. EBITDA was RMB251.5M ($38.4M), compared to RMB29.8M in the same quarter last year.The company ended the quarter with RMB2,362.3M ($360.6M) in cash and cash equivalents compared with RMB2,469.9M at the end of the previous quarter.CFO Na Mei stated that: "Our strong balance sheet positions us well in the current operating environment and allows us to continue to explore new initiatives and tap into new opportunities.Source: Press Release

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Yiren Digital rises 32% after 7% revenue growth in Q121