Yiren Digital Reports First Quarter 2021 Financial Results
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Yiren Digital Ltd. (YRD) Reports Q1 EPS of $0.30, Revenues Beat
June 9, 2021 5:11 PM EDTYiren Digital Ltd. (NYSE: YRD) reported Q1 EPS of $0.30. Revenue for the quarter came in at $167.9 million versus the consensus estimate of $87.95 million.
First Quarter 2021 Financial Results
Total net revenue in the first quarter of 2021 was RMB1,100.0 million (US$167.9 million), compared to RMB1,023.7 million in the same period last year. Revenue from wealth management business reached RMB263.7 million (US$40.3 million), representing a decrease of 36.6% from RMB415.9 million in the first quarter of 2020, primarily driven by the spin-off of our legacy business. Revenue from credit business reached RMB836.2 million (US$127.6 million), representing an... More