Welcome to our dedicated page for Yiren Digital news (Ticker: YRD), a resource for investors and traders seeking the latest updates and insights on Yiren Digital stock.
Yiren Digital Ltd (NYSE: YRD) serves as a pioneering force in AI-driven financial technology, combining digital services with lifestyle solutions. This news hub provides investors and industry observers with comprehensive updates on the company's strategic initiatives and market developments.
Access real-time announcements covering earnings reports, technology innovations, and partnership agreements. Our curated collection features official press releases regarding regulatory milestones, insurance product launches, and AI platform enhancements like the DiTing decision-making system.
Stay informed about Yiren Digital's progress in financial risk management, e-commerce integrations, and machine learning applications. The archive serves financial professionals seeking to track the company's position in China's evolving fintech landscape through verified operational updates.
Bookmark this page for continuous access to YRD's latest corporate communications, including expansion strategies and technological advancements. Regularly updated content ensures you maintain current awareness of this AI-focused financial services provider.
Yiren Digital (NYSE: YRD), an AI-powered platform offering financial and lifestyle services in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was submitted to the U.S. Securities and Exchange Commission on April 28, 2025.
The annual report is accessible through the company's investor relations website at https://ir.yiren.com. Shareholders and American Depositary Shares holders can request a complimentary hard copy of the annual report, which includes audited consolidated financial statements.
Yiren Digital (NYSE: YRD) has achieved a significant milestone with regulatory approval for the commercial use of its proprietary 'Zhiyu Large Model' AI system. The approval was granted under the Interim Measures for Management of Generative Artificial Intelligence Services, making YRD one of only 128 approved generative AI services in Beijing as of April 10, 2025.
The Zhiyu Large Model offers features including real-time content processing, automated contract review, multilingual translation, and intelligent Q&A capabilities. The company has already integrated these features into core operations, resulting in significant efficiency improvements. Notably, their ZhuQue intelligent fund routing platform generated RMB 44 million in cost savings for 2024.
Yiren Digital plans to expand the model's applications, particularly in consumer-facing interactions. The company currently operates seven proprietary AI systems and has received recognition through membership in China's Artificial Intelligence Industry Alliance (AIIA) and inclusion in Beijing's Top 100 Software and Information Services Enterprises for 2024.
Yiren Digital (NYSE: YRD) has announced a strategic joint venture with Indonesia's klikUMKM and Artha Graha Network (AG Network), marking its expansion into Southeast Asia's largest economy. The partnership combines Yiren Digital's AI-powered financial technology with AG Network's local market expertise.
The JV will integrate Yiren Digital's proprietary technologies, including AI-driven risk management algorithms, automated customer service platforms, and data-driven marketing solutions. AG Network's regulatory expertise and market presence will facilitate swift market entry and compliance.
Operations are scheduled to commence in the second half of 2025, targeting Indonesia's market of 281 million people. The partnership extends beyond the JV, encompassing potential technology collaborations to support AG Network's digital transformation initiatives across its diverse business portfolio spanning finance, retail, agriculture, telecommunications, and manufacturing.
Yiren Digital (NYSE: YRD) reported its Q4 and FY2024 financial results, showing mixed performance. Total loans facilitated in Q4 2024 reached RMB15.4 billion, up 14.6% QoQ. The company served 1.56 million borrowers in Q4, a 4.2% increase from Q3.
Q4 2024 total revenue was RMB1,452.2 million, up 14% YoY, with financial services revenue increasing 34.1% to RMB1,047.8 million. However, net income decreased to RMB331.4 million from RMB571.3 million in Q4 2023, primarily due to increased provisions for risk-taking loans and higher investments in AI development.
For FY2024, total revenue grew 19% to RMB5,805.9 million, while net income decreased to RMB1,582.3 million. The company announced a cash dividend of US$0.22 per ADS for H2 2024, representing a 20% payout ratio. For 2025, YRD projects revenue between RMB5.5-6.5 billion.
Yiren Digital (NYSE: YRD), an AI-powered platform offering financial and lifestyle services in China, has scheduled the release of its unaudited financial results for Q4 and full year 2024. The results will be announced before U.S. market opens on Thursday, March 20, 2025.
The company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day. Interested participants can register for the call online through the provided registration link.
Yiren Digital (NYSE: YRD) has announced its integration with DeepSeek, marking a significant advancement in its AI-driven transformation. The integration aims to enhance operational efficiencies and user experience across multiple business areas.
The initial implementation focuses on improving workflows, including meeting management, schedule automation, and intelligent financial management. Future expansions will target marketing, customer service, and risk management, with emphasis on voice interactions, customer conversion rates, and cost reduction.
The integration will strengthen Yiren Digital's existing AI platforms, including the FengChao Intelligent Voice Interaction Platform and the DiTing Intelligent Decision-Making Platform, creating a comprehensive AI ecosystem. This aligns with the company's "AI + Diversified Scenarios" strategy, transitioning from fintech to smart technology to better serve customer needs.
Yiren Digital (NYSE: YRD), an AI-powered financial and lifestyle services platform in China, has achieved significant recognition for its ESG performance, ranking in the top 17% globally within the Diversified Financial Services and Capital Markets sector in the 2024 S&P Global Corporate Sustainability Assessment (CSA).
The company released its first ESG Report highlighting key achievements, including plans to reduce data center Power Usage Effectiveness (PUE) to 1.3 by 2024. Yiren Digital has implemented over 100 environmental protection indicators in its risk control model and focuses on directing capital toward green initiatives.
Notable achievements include being named 'Outstanding ESG Enterprise' at the 2024 Global Zhejiang Entrepreneurs ESG Conference and recognition as an 'ESG Innovation Pioneer Enterprise' at the 2024 ESG Sustainable Development Ecosystem Conference. The company has integrated ESG principles into its corporate strategy, emphasizing sustainable development through AI-powered models and green finance initiatives.
Yiren Digital (NYSE: YRD) has joined China's Artificial Intelligence Industry Alliance (AIIA), a government-supported initiative launched to advance AI development and foster collaboration among industry stakeholders. The alliance operates under the guidance of key government bodies including the NDRC, MOST, MIIT, and CAC.
Since its NYSE listing in 2015, Yiren Digital has evolved from a fintech company to an AI-powered platform, developing proprietary intelligent systems including the DiTing Decision-making Platform, QingNiao Customer Service System, and FengChao Voice Interaction Platform. The company implements advanced AI technologies for customer acquisition, marketing, and risk management, while maintaining strong data security measures.
The company was recently recognized as one of the 'Beijing Top 10 Financial Brands for the Year 2024' for its service quality and technological innovations.
Yiren Digital (NYSE: YRD) reported its Q3 2024 financial results, with total revenue reaching RMB1.5 billion (US$210.8 million), up 12.8% year-over-year. Financial services revenue increased 25.2% to RMB836.2 million, while insurance brokerage revenue decreased 67.7% to RMB85.5 million. Total loans facilitated reached RMB13.4 billion, up 3.5% quarter-over-quarter. Net income was RMB355.4 million, down from RMB554.4 million in Q3 2023. Cash and cash equivalents stood at RMB3.7 billion as of September 30, 2024. The company projects Q4 2024 revenue between RMB1.3-1.5 billion.
Yiren Digital (NYSE: YRD) reported its Q3 2024 financial results, with total revenue reaching RMB1.5 billion, up 12.8% year-over-year. Financial services revenue grew 25.2% to RMB836.2 million, while insurance brokerage revenue decreased 67.7% to RMB85.5 million. Total loans facilitated reached RMB13.4 billion, a 3.5% increase from Q2 2024. Net income was RMB355.4 million, down from RMB554.4 million in Q3 2023. The company maintains a strong cash position of RMB3.7 billion despite strategic investments. For Q4 2024, Yiren Digital projects revenue between RMB1.3-1.5 billion with healthy profit margins.
