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.
Based on this year's third quarter earnings release, Yiren
Digital achieved significant financial results, including a 54%
year-over-year growth in total revenue for the first nine months of
2023 and a substantial 113% increase in net profit for the same
period. Looking ahead, the company anticipates revenue in the range
of RMB1.0 billion to RMB1.3 billion for the fourth quarter of 2023,
indicating a projected full-year growth rate of 35% to 43% for
2023.
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. The goal
is to identify emerging enterprises with great potential for
long-term fundamental growth, emphasizing the enduring value of
their development trajectory. 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.
This prestigious award follows Yiren Digital's recent receipt of
the "2023 Annual Digital Inclusive Finance Excellence Award" from
reputable institutions, including the China Digital Index Research
Institute and the Shanghai Finance and Development Laboratory.
Additionally, Yiren Digital was honored as the "Inclusive Finance
Institution of the Year" at the 9th Beijing Financial Forum earlier
this month.
About Yiren Digital
Yiren Digital Ltd. operates as a
sophisticated, AI-powered platform offering a comprehensive suite
of financial and lifestyle services in China. The company specializes in delivering
tailor-made insurance solutions to individuals, families, and
businesses, aiming to augment their overall well-being and
security. Additionally, Yiren Digital Ltd. provides premium
lifestyle services and digital financial services, supporting
clients at various stages of their growth journey and catering to
their financing needs that arise from consumption and production
activities.
Safe Harbor Statement
This press release contains
forward-looking statements. These statements constitute
"forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "target," "confident" and similar
statements. Such statements are based upon management's current
expectations and current market and operating conditions and relate
to events that involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond Yiren Digital's control. Forward-looking
statements involve risks, uncertainties, and other factors that
could cause actual results to differ materially from those
contained in any such statements. Potential risks and uncertainties
include, but are not limited to, uncertainties as to Yiren
Digital's ability to attract and retain borrowers and investors on
its marketplace, its ability to introduce new loan products and
platform enhancements, its ability to compete effectively, PRC
regulations and policies relating to the peer-to-peer lending
service industry in China, general
economic conditions in China, and
Yiren Digital's ability to meet the standards necessary to maintain
listing of its ADSs on the NYSE or other stock exchange, including
its ability to cure any non-compliance with the NYSE's continued
listing criteria. Further information regarding these and other
risks, uncertainties or factors is included in Yiren Digital's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is as of the date of
this press release, and Yiren Digital does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
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SOURCE Yiren Digital