YRD

PATEO, a Leading Enterprise in Automotive Intelligence Industry, Secures Another Equity Financing of Approximately 1.5 Billion Yuan

Retrieved on: 
Dienstag, März 26, 2024
STEC, Dongfeng Motor Corporation, Attention, China Construction Bank, ICBC, Intelligence, Xiaomi, CCP, Capital, YRD, CCB, DFM, Trust, FAW Group, Industrial, FAW, Intellectual property, Yangtze Delta, Automotive industry, Multimedia, Commercial bank, Renewable energy

According to relevant resources, PATEO has recently obtained another financing of 1.5 billion yuan.

Key Points: 
  • According to relevant resources, PATEO has recently obtained another financing of 1.5 billion yuan.
  • While completing this equity financing, PATEO also signed a 19 billion yuan credit agreement with seven top state-owned banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB).
  • In the second half of electric vehicle race, intelligence is the core for automakers to create product differentiation, hence the accelerated iteration of automotive product architecture and form.
  • As an intelligence supplier with self-owned core technologies, PATEO has entered a period of leapfrog growth from 1 to 10 with the development of the industry.

Yiren Digital Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Donnerstag, März 21, 2024
Research, Growth, Risk management, Information technology, H.10, RMB, Digital, M3, Sale, Acquisition, YRD, B2C, ADS, Disclosure, Insurance, Translation, LLM, Investment, Computer security, Ecosystem, GAAP, Marketing, Total, Cryptocurrency

BEIJING, March 21, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced its unaudited financial results for the quarter ended December 31, 2023.

Key Points: 
  • BEIJING, March 21, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced its unaudited financial results for the quarter ended December 31, 2023.
  • For the fiscal year of 2023, total gross written premiums were RMB4,893.0 million, compared to RMB3,936.6 million in 2022.
  • For the fiscal year of 2023, total gross merchandise volume was RMB1,960.3 million, compared to RMB687.8 million in 2022.
  • Total net revenue in the fourth quarter of 2023 was RMB1,274.3 million (US$179.5 million), representing an increase of 17.1% from RMB1,088.1 million in the fourth quarter of 2022.

Yiren Digital to Report Fourth Quarter and Full Year 2023 Financial Results on March 21, 2024

Retrieved on: 
Montag, März 11, 2024
YRD

BEIJING, March 11, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2023 before U.S. market opens on Thursday, on March 21, 2024.

Key Points: 
  • BEIJING, March 11, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2023 before U.S. market opens on Thursday, on March 21, 2024.
  • Yiren Digital's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on March 21, 2024 (or 8:00 p.m. Beijing/Hong Kong Time on March 21, 2024).
  • Participants who wish to join the call should register online in advance of the conference at: https://s1.c-conf.com/diamondpass/10037668-ghu76t.html
    Once registration is completed, participants will receive the dial-in details for the conference call.

Yiren Digital Named As One of the 'Top 100 Annual Growth Public Companies of 2023'

Retrieved on: 
Freitag, Dezember 22, 2023
YRD, Optimism, Growth

BEIJING, Dec. 22, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company") is pleased to announce its inclusion in the "Top 100 Annual Growth Public Companies of 2023" by Snowball Finance ("Xueqiu"), the renowned investor community in China.

Key Points: 
  • BEIJING, Dec. 22, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company") is pleased to announce its inclusion in the "Top 100 Annual Growth Public Companies of 2023" by Snowball Finance ("Xueqiu"), the renowned investor community in China.
  • The recognition reflects the acknowledgement of Yiren Digital's outstanding performance in the field of financial technology and its high potential for future growth.
  • During Xueqiu's annual selection of growth-oriented public companies, the primary assessment criteria focus on a company's fundamental strength and the growth of the Xueqiu Index.
  • Yiren Digital's inclusion in the "Top 100 Annual Growth Public Companies of 2023" not only serves as a recognition of its past accomplishments but also signifies optimism about its future prospects.

Yiren Digital Reports Third Quarter 2023 Financial Results

Retrieved on: 
Dienstag, November 21, 2023
Sale, EBITDA, M3, Acquisition, NYSE, Investment, Insurance, ADS, Research, RMB, Marketing, YRD, H.10, Digital, GAAP, Translation, Total, Growth, Cryptocurrency, Video game, Rare-earth element, Bank, Arms industry, Pharmaceutical industry, PRC

BEIJING, Nov. 21, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-driven one-stop select financial and lifestyle services platform in China, today announced its unaudited financial results for the quarter ended September 30, 2023.

Key Points: 
  • BEIJING, Nov. 21, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-driven one-stop select financial and lifestyle services platform in China, today announced its unaudited financial results for the quarter ended September 30, 2023.
  • Number of borrowers served in the third quarter of 2023 was 1,204,012, representing an increase of 18.7% from 1,013,972 in the second quarter of 2023 and compared to 737,320 in the same period of 2022.
  • Gross written premiums in the third quarter of 2023 were RMB1,428.5 million (US$195.8 million), representing an increase of 7.2% from RMB1,332.5 million in the second quarter of 2023 and compared to RMB996.9 million in the same period of 2022.
  • Total net revenue in the third quarter of 2023 was RMB1,310.8 million (US$179.7 million), representing an increase of 55.9% from RMB840.7 million in the third quarter of 2022.

Yiren Digital to Report Third Quarter 2023 Financial Results on November 21, 2023

Retrieved on: 
Freitag, November 17, 2023
NYSE, YRD, Cryptocurrency

BEIJING, Nov. 17, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-driven one-stop select financial and lifestyle services platform in China, announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2023 before U.S. market opens on Tuesday, November 21, 2023.

Key Points: 
  • BEIJING, Nov. 17, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-driven one-stop select financial and lifestyle services platform in China, announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2023 before U.S. market opens on Tuesday, November 21, 2023.
  • Yiren Digital's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on November 21, 2023 (or 9:00 p.m. Beijing / Hong Kong Time on November 21, 2023).
  • Participants who wish to join the call should register online in advance of the conference at: https://s1.c-conf.com/diamondpass/10035120-gh876t.html .
  • Additionally, a live and archived webcast of the conference call will be available at the Company's investor relations website at ir.Yirendai.com.

Yiren Digital Reports Second Quarter 2023 Financial Results

Retrieved on: 
Donnerstag, August 17, 2023
Insurance, YRD, Marketing, ADS, M3, GAAP, H.10, RMB, Sale, Delinquent, US, EBITDA, Acquisition, Investment, Translation, Growth, Digital, NYSE, Total, Federal Reserve Board of Governors, Cryptocurrency, Video game, Bank, PRC

BEIJING, Aug. 17, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-driven one-stop select financial and lifestyle services platform in China, today announced its unaudited financial results for the quarter ended June 30, 2023.

Key Points: 
  • BEIJING, Aug. 17, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-driven one-stop select financial and lifestyle services platform in China, today announced its unaudited financial results for the quarter ended June 30, 2023.
  • Number of borrowers served in the second quarter of 2023 was 1,013,972 representing an increase of 16.2% from 872,235 in the first quarter of 2023 and compared to 556,094 in the same period of 2022.
  • "Despite a sequentially more challenging macro environment this quarter, we are pleased to report another quarter of solid financial results.," Ms. Na Mei, Chief Financial Officer, commented.
  • Total net revenue in the second quarter of 2023 was RMB1,324.2 million (US$182.6 million), representing an increase of 65% from RMB801.1 million in the second quarter of 2022.

Yiren Digital Announces the Acquisition of Chongqing Jintong

Retrieved on: 
Dienstag, Juni 27, 2023
NYSE, Good, Acquisition, YRD, Cryptocurrency, Financial services

BEIJING, June 27, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading digital personal financial management platform in China, today announced that it had entered into an equity transfer agreement (the "Agreement") to acquire 100% equity interest in Chongqing Jintong Financing Guarantee Co., Ltd. ("Chongqing Jintong"), a licensed financing guarantee company in China, for a total cash consideration of RMB204.9 million.

Key Points: 
  • BEIJING, June 27, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading digital personal financial management platform in China, today announced that it had entered into an equity transfer agreement (the "Agreement") to acquire 100% equity interest in Chongqing Jintong Financing Guarantee Co., Ltd. ("Chongqing Jintong"), a licensed financing guarantee company in China, for a total cash consideration of RMB204.9 million.
  • The closing of the transaction is subject to conditions that are customary for transactions of this type and is currently expected to occur in July 2023.
  • Chongqing Jintong was established in 2007 in China with a registered capital of RMB200.0 million.
  • Following the acquisition of Chongqing Jintong, the Company will be able to provide financing guarantee services through Chongqing Jintong, which will help expand its loan facilitation business in China, optimize its service offerings and accelerate the pace of its business development.

Yiren Digital Reports First Quarter 2023 Financial Results

Retrieved on: 
Freitag, Juni 9, 2023
Insurance, Small business, YRD, Marketing, ADS, M3, Policy, Head, GAAP, H.10, RMB, Sale, Delinquent, US, EBITDA, Investment, Translation, Growth, Digital, NYSE, Total, Federal Reserve Board of Governors, Cryptocurrency, Video game, Bank, PRC

BEIJING, June 9, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading digital personal financial management platform in China, today announced its unaudited financial results for the quarter ended March 31, 2023.

Key Points: 
  • BEIJING, June 9, 2023 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading digital personal financial management platform in China, today announced its unaudited financial results for the quarter ended March 31, 2023.
  • Number of borrowers served in the first quarter of 2023 was 872,235 representing an increase of 1.2% from 862,226 in the fourth quarter of 2022 and compared to 508,746 in the same period of 2022.
  • Total net revenue in the first quarter of 2023 was RMB986.3 million (US$143.6 million), representing an increase of 40.0% from RMB704.8 million in the first quarter of 2022.
  • Sales and marketing expenses in the first quarter of 2023 were RMB106.2 million (US$15.5 million), compared to RMB176.2 million in the same period of 2022.

Graphics Processing Unit (GPU) Market Report 2023: Rising Number of Data Centres Coupled With Growing Computing Applications Will Boost Sector

Retrieved on: 
Freitag, Mai 26, 2023
Graphics processing unit, Arc, Processor (computing), International, IEA, YRD, Electronics, Calendar, Microsoft, USD, Government, Ministry, OICA, Personal computer, Ministry of Electronics and Information Technology, COVID-19, Intel, Apple, Artificial intelligence, Yoy, ADAS, Policy, AI, Ministry of Finance (India), AWS, International Data Group, Memory, GPU, Electricity, Video game, Cryptocurrency, Graphics

Rising data centres coupled with growing computing applications will boost the graphics processing unit market.

Key Points: 
  • Rising data centres coupled with growing computing applications will boost the graphics processing unit market.
  • As the data centres globally will develop there will be a rise in demand for graphics processing units globally.
  • This shows that the investment in data centres and computing applications is going to increase which will boost the market for GPU.
  • This shows the demand for graphics processing units will be growing at a rapid pace as more countries in the Asia-pacific region are investing in data centres and increased demand for electronic devices will boost the graphics processing units' market growth.