FX.co ★ Yiren Digital Q4 Net Income Rises

Yiren Digital Ltd., also known as YRD, recently announced a net income of RMB 571.3 million in its fourth-quarter report. This reflects an increase from the RMB 485.2 million reported in the same quarter last year. YRD attributes this rise in net income primarily to a significant recovery in business volume and optimization of its business structure. Furthermore, the company's income per ADS went up from RMB 5.4 to RMB 6.5. The total net revenue came in at RMB 1.27 billion, marking an impressive 17.1% year-over-year increase. Looking ahead, YRD forecasts total revenue in the entire year of 2024 to fall in the range of RMB 5.8 billion to RMB 6.8 billion, maintaining a healthy net profit margin.