Yiren Digital: Avoid At All Cost [Seeking Alpha]
Yiren Digital Ltd. American Depositary Shares, each representing two ordinary shares (YRD)
Last yiren digital ltd. american depositary shares, each representing two ordinary shares earnings: 3/25 06:00 pm
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US:NYSE Investor Relations:
ir.yirendai.com/phoenix.zhtml?c=254635&p=irol-contact
Company Research
Source: Seeking Alpha
Yiren Digital: Avoid At All Cost Summary Regulatory headwinds will continue to pressure YRD's near-term growth outlook. Deteriorating asset quality and questionable offline networks will weigh on the fundamentals. Valuation could see further contraction amid increased regulatory pressure and asset deterioration. Yiren Digital ( The Bottom Line We have a bearish view on YRD as we question the company’s sustainability amid an increasingly regulatory environment on China’s P2P lenders and the shift from the P2P lending model towards the loan facilitation model. Given that the regulator discourages P2P lending, the online lenders in China need to convert into loan facilitators that obtain their funding source from licensed financial institutions such as the banks. However, in the case with YRD, only 5% of the funding source are from licensed institutions compared with 70% or more for its peer such as Lexin ( LX QFIN QD YRD recently acquired the offline channel of CreditEase which includes
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YRD
News
- Yiren Digital Reports Third Quarter 2024 Financial ResultsPR Newswire
- Yiren Digital Ltd (YRD) Q3 2024 Earnings Call Highlights: Strong Loan Growth Amidst Rising Expenses [Yahoo! Finance]Yahoo! Finance
- Yiren Digital Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Yiren Digital Reports Third Quarter 2024 Financial ResultsPR Newswire
- Yiren Digital to Report Third Quarter 2024 Financial Results on November 20, 2024 [Yahoo! Finance]Yahoo! Finance
YRD
Sec Filings
- 11/21/24 - Form 6-K
- 9/26/24 - Form 144
- YRD's page on the SEC website