YRD - Earnings call transcript Q4 2023

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Thank you for standing by, and welcome to the Yiren Digital Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. [Operator Instructions]

I would now like to hand the conference over to Ms. Keyao He, IR Officer. Please go ahead.

Keyao He

operator. you, Thank good and Good evening, morning, everyone. features Chairman Founder, call by the CEO of presentation and CreditEase, Today's the our Mr. CEO, Tang. Ning

Our join will after Mei the Ms. session remarks. the us Q&A prepared SVP, in Zhao,

results risks, we can of call forward-looking differ provision XXXX. any are this to of Such beginning, discussions safe Securities cause Private to under contain would you statements. statements statements remind such Before those that uncertainties to from Litigation that during contained U.S. the actual made and factors harbor like materially Reform subject Act in

uncertainties For the factors Commission. We the information relevant laws. update any regarding future the to and obligation included risk, with our Exchange U.S. forward-looking any Securities or filings statements under in required undertake not do is as

to to operating non-GAAP performance. isolation considered to with financial be call, and measures will in presented intended measures These or U.S. our information a During to the accordance GAAP. not review be we assess are the certain non-GAAP financial and substitute prepared in or as measures referring financial supplemental

GAAP For to measures opening pass to for these please refer press non-GAAP will and it Ning reconciliations our now information remarks. release. I to about earnings measures,

Ning Tang

and AI-driven operations, significant line, for most a services business focusing financial pioneering In moment us for the pivotal than also wrapped marks our conference lifestyle you drivers. the a our strategic established as the growth on year currently The strength of uncertainties, business. showcasing earnings our of Thank and economic year as the up platform. Through we streamlined we call joining global ever, today. of stronger all we our recategorization XXXX the resilience ourselves

our forward also to This daily AI into operations not enhance but our strategic shift a innovation only efficiency, of technology economic strategic underscore landscape. minimize Our labor optimize our and dynamic service, and our propelling a costs advancement. catalyzed proactive customer integration amid significant embrace our of business dedication

ability to new adapt excellence AI highlight for in operational resilience. and developing our and benchmarks setting and achievements Our deploying excel,

witnessed of evolving our reaching the billion, MAU continued million, Financial the X.X engagement. growth. than million on quarter volume consecutive quarter rose with of The X.X our Hua of X.X a increase growth This a growth. The fourth fourth eighth last year-over-year, consecutive AI rate Xiang XX.X year-over-year, XX% double-digit an robust growth First, advanced XX% app's increased highlighting underpinned served quarter increase to presenting our borrowers marking and total Services popularity impressive The quarter, loan business from growing continuously of system. user quarter number our segment. by more XX%, growth Yi and demonstrating annual this of million to APP is RMB

XX instance, over X fourth AI quarter, than our For the million in telemarketing in loans. assisted borrowers, facilitating RMB billion more robot

volume achieved we in third of in Services International business, the in increase our XXXX. Financial to loan the fourth the Philippines Regarding facilitated quarter XX% a quarter compared

With the XXXX. automation and additional review growth by accelerated in LLM, expect we driven markets overseas our information into AI of expansion processes

customer like acquisition mix. acquisition the Another is This integrates to or at analysis, model. to higher-quality RTA shift that strategic attracting operational customer and address the highlight approach real-time would screening customer our customers risk improving our I stage,

compared high-quality percentage increased of previous X result, new proportion to by borrowers a this As served the points quarter. quarter the

quality rates increase industry-wide to credit XX X.X% fluctuations. quality. in Turning due quarter to to days a The to XX slight asset saw fourth delinquency

a XXXX. FPD our first into further going by rate prior mix ongoing observed customer we've trend with to decline quarter in optimization the analysis, ] downward quarter XX basis along in empowered risk-controlled [ point our and quarter the fourth delinquency XX-plus However, standards from the a fine-tuned AI with

points front, in the our another basis cost prior funding decline compared XX continued On a by quarter. funding to see glad to we are the

we nationwide, expand to decrease continue partnerships to funding the compared further cost expect XX a XXXX. XXXX in in point basis institutional funding our As

shifting our a in The commission XX% our full average significantly strong outperforming X.X%. The year annual business. XX% reached increase, premiums business billion, revenue saw representing growth of volume RMB continued RMB the XXXX insurance reaching brokerage nearly industry billion, X a to year X.X year-over-year of increase. Now with insurance nearly total

by in annual However, was premiums saw for mirroring X%. in alone, the quarter the regulations our trends. growth This broader partially decline XXXX. property due quarter insurance to returns particularly year-over-year, pricing this new product was Life the premiums XX% industry fourth at a offset XX% catching fourth of insurance -- a

product and strategic remains agent focus As on innovation we've our digitization. discussed, development, previously

continue industry and transportation. continue the care, products, to rise and life life and of the travel per groups with is the insurance XX% in was RMB rebound via insurance team. million for expected of and elite and market, through are product as innovation the health as prepared team policy, policies changes. On this a in premiums expanding the construction, partnerships quarter fully to well or which worth channel to In adjust year regulations increase property growing ticket higher-margin engineering RMB number large XX% the in XX our business new we our second and our the to fully product serving in getting policies as medical and X focus there exceeding capabilities enhance notable the a insurance, For we on will insurance high occur net ourselves in XXXX, million. Currently, we of life third in will agent

quarter. Book. platform, the as momentum efficient XXX consumption continued products full services, lifestyle from robust another of RMB insurance medical have of example, XXX we premiums Little up of total previous the high-quality year The transactions increased to with and reflects The that million, to saw effort strengthened increase high-end the user enhancing For our nearly to marking also our improves continued life, fourth the million. which, new XX% address XXXX on needs insurance overall our by Red of quality platforms, our within turn, our quarter cooperation and reinforcing in we year-over-year. Moreover, a policies fourth quarterly an creating X.X start the growth our approach. On and in closed stickiness, construction our Since their XX% customers' overseas GMV number the growth acquisition social reached of such as engagement ecosystem. commitment XXXX, nonfinancial XX% quarter cycle

forward, top shelf. Looking would directions emphasize will strategy, firstly lifestyle and across to products least, boosting our be more language tech the endeavor or through attractive I by there efficiency but and enhancing driven our model we long-term customer on high AI entertainment our operational and not AI strategic training AI own Lab large experience. fine-tuning developing like AI our so-called initiative, deepen and a our integration our services our to and coming spectrum, language operations platform. have This will and been models large [indiscernible] Last

remarks taking currently horizon participate Due Originally, CFO the everyone. Moreover, to partnerships with clients road with high-quality prospects. AI we to capabilities. beyond AI her advanced verticals is prepared absence, technological will the share and to and be fintech to both AI have meeting. and aim expand our recently Secondly, and and is expertise BXC sectors, investments. I exciting unable online. In commitment, to bringing encountered she join with The partners lead to to companies us the ecosystem our travel was more through our select the in strategic unexpected BXB on we empowering scheduled this expand plan

highlights. refer deck I our and release part, key for only will this focus on further the Please to earnings financial details. For IR

our year First guidance. annual line, to double-digit a of with top full realizing report line previous glad all, bottom both beating growth, we are solid of our XXXX, and

increase the year-over-year. in our Specifically, revenue fourth X.X of a RMB quarter reached representing XXXX, XX% total billion,

year year-over-year. volume For of reached RMB the XXXX, X.X billion, up total XX%

saw RMB XX% the written representing decrease on XX% reaching prior Insurance, responded sales growth year-over-year from from billion, the for a return priced XX.X X.X%, growth with quarter, insurance brokerage services products. year-over-year. On year-over-year the decrease the XX% total loans this decreased over legacy mainly previous X% insurance reached revenue quarters of new Financial representing reached fourth and XXX.X was an a a the for second by X.X saw we in continued quarter a representing quarter. in substantial peaking Now interest. Consequently, with market prior we from X%, decline fourth year. in XX% of due to Services, This tapping Therefore, products and this low billion, from million. with segment life products RMB the life premiums the regulations to facilitated the first third gross of decrease quarter, increase million XXXX, RMB healthy Revenue insurance year down premiums to newly XX.X at a RMB

a was first renewal greater as in the have premiums. that commission the that of than year higher overall compared revenue decline to Given premiums, rate premiums

quarter. The insurance increasing of property million, increase quarter premiums XX% or recovery services, existing come our consumption XX% segments. gradual mentioned customers for with from fourth As and quarter our second Meanwhile, the expect GMV a On the reached rate segment solid XXX.X is the earlier, of users increasing third XXXX. number all our the combined diverse in in of growth for we total lines. business RMB GMV The across across quarter prior with by business from year-over-year. this aligned lifestyle customers the remained

XXX.X year-over-year and continued our and our sales increased financial deliver investments the mainly profit RMB our and and promotional related by for stable and prior as XX% current prior to million translating XX business line, contract RMB to due activities volume. Research points lower generated We in million, million expense Allowance million this quarter, into company. Origination persist the remained growth driven costs of servicing RMB loans million, mainly we year. and expense our see facilitated, the in at XX.X year-over-year decrease the the up technological XXX.X RMB assets XXX.X million. than in receivables to year-over-year XXX.X AI XX% servicing a quarter, from decrease expenses in for to prior On million quarter. On continue to ramping throughout bottom operations a from X.X% RMB RMB brokerage amid marketing was XX% decreased increased of in cash year-over-year of origination sector as to XX% increasing we we fourth intensified XX% side, costs year. headwind. G&A services basis quarter, approximately from insurance innovation RMB XX.X XX.X to the development regulatory a a net strong

remains for total of equivalents any strong balance to sheet in us side, X.X of end AI with On institutional deployment. a sheet and sufficient cash to balance expansion the quarter, RMB providing cash and billion business this international opportunities our by respond strategic operations, the buffer

This buy in million back the deployed market. X.X to shares quarter, USD we public

fourth core the company. strength remain about X.X has and its repurchase share close optimistic growth As end, deployed of We quarter for cumulatively the future to our million USD company of opportunities program.

subject we Operator, net reflects trends, we billion market our our which year X.X Given that, and between expect uncertainty. With current margin. and our the our profit evaluation billion RMB state are Thank now our of This stand and to open X.X to XXXX we of RMB current view, a for you. to full healthy change questions. conclude business is remarks. preliminary revenue with

Operator

comes [Operator Instructions] Tower Your question Research. Zhang first with from [indiscernible] Water

Unknown Analyst

on strong question My results. and AI XXXX Congrats first your strategy. QX your is

development or are for AI can ecosystem strategies collaboration line? your any companies each disclose? technology could in other there AI of you an mentioned that what are progress? as specific specific So And on investments the the remarks earlier, you elaborate latest business with And your regarding

Ning Tang

consumption and fintech insurance are yes and you, credit of tax first services. our like AI utilizing in all, businesses, Thank lifestyle tax we and including

high AI, other example, we policies tax to through AI businesses, and regulations our and from conduct for we our through example, And each like open plus from this we teams to us and insurance can for in in we each and and services. are insurance developed we've our process, markets quality fintech monitor models are for AI our strong the exact, know-how. Through consumption we for are lines, our AI helping analyzing remote, management, For in use for model in from demand collection. for source-based companies developing proprietary their control, and business Mexico, business large view like risk and use example, to according model. be in very capabilities Philippines businesses, market. like language international in content like clients business those in of lifestyle like this fine-tune And And intelligence. And like local do our how translation business, To insurance the agents. like lines capability we our try developing data like is

on So with strategic large are working we for now capability. training this product closely a language model, building partner model, a

live go soon. platform will Ops LLM these So

our join models can And platform, others on continue while so can theirs. we train that to come

from So come customers their we welcome models. the like sectors to all train

a further if need for open our their those functions to will can basis. and on help, interested provide in But them. models, developing we who are additional paid source We offer they help

in and data work have in will verticals, the legal, business. same So our and AI, who AI respective like time, At social AI this this be our are to new great try we for of leveraging business their with great psychology, part capability. in but know-how capability have don't leaders companion industry AI business new great sectors

So try them to businesses. we and capability work with will bringing AI strategically, their

we will right, a and of -- close when we additional make partnerships time number initiatives, And so of the one, investments And are in closing announcements. strategic of is in process those we each the AI.

Unknown Analyst

little regarding bit Got good hear. international it. My That's a question is business. your broader to second

for the plans international for facilitations rate XXXX your growth loan your expansion what what So expected And regarding is business? overseas? are

Ning Tang

first -- add and colleagues me and more colleagues, then -- it. offer strategic to -- more view my Mei macro Let please

international small. our growth. future so still because base solid key to so far, way quite is is the to we've strategy And made go progress long And expansion our but very

our top high growth business represent will grow of rate, but we will international new any so continue represent on we -- And will very business. that, likely to

Asia. be We more but Asia, work the Mexico Latin in countries Philippines, started in to first. in first We've to are Southeast go doing the got America, in Southeast with

Can So provide and step plan Mei, about market. like we that more. step. And But are hope, please explore do subsequently, -- have very a I by Africa. we to hopeful

Mei Zhou

Yes. Yes.

like Ning key. our Just geology overseas very is mentioned,

are on the that and because the a mean in to in is international from Just our the very double like last year. And our up international already overseas going AI targets understand this up our international -- leverage our the we we think to build and localized. the team on I the a business, year, I the market are just mean, we confident in as objective last we XXXX, met to I have target and I for think we year solid think foundation team, business very successfully and XXXX, capabilities, a built we're double the very

year I on So business. very have think we you. this international confidence our on Thank

Unknown Analyst

Okay.

So just regarding my loan not but your facilitation third question is overseas, business, domestic. also

for for in can growth this XXXX, for any XXXX? what's new the growth volumes guidance So offer for the your in XXXX? expected total, so the drivers rate year And business you of on loan

Ning Tang

please that question? Mei, take

Mei Zhou

Yes, yes.

Okay.

although For for overall partially for the XXXX, very we I it's think as have the but year. economic landscape, I this think optimism,

business So balance we our and asset to have our expansion quality.

So the our XX%. year is growth target about for is this

also for customer risk rate, and we XXXX capabilities to to I on think which credit meanwhile, as year's target and growth enhance and so about our strategy our our have AI so think refine forth well. I is capabilities modeling, and acquisition keep optimize also is score, our and our the

year, very asset cautious our we this very on Thank I the confidence still but think healthy and quality. the on business assets some and you. have So although we are

Unknown Analyst

again more Congrats questions. on I don't results. any Yes. your it. Operator, Got strong have

Operator

Fund next Aron [ Your from comes with question Lab Bruce ]. Black

Unknown Analyst

another especially on the increase future overseas have questions. Congratulations their year in I loans Yes. and great X potential. successful

to is drop Life adjust And secondly, and you have the First segment, how further the concerning plan to repurchases. to XX.X% plan just you you the further can regulations? new Insurance address share

Ning Tang

the change. question, were the year like the year the or first the that a first great business yes, expecting Regarding to because fact due quite half saw of first the volume regulation of part people

part was most So year actually of of work way, of the in it. put the it first other done in the

of back, market around show And stabilize that Mei regarding second part, including more But details and provide please this great. promise. be So new wasn't will mid quarter fourth the will sentiment year, things we the expect can insurance. but,

Mei Zhou

Yes, yes, yes.

have time in consume think because think I quarter, this is impact. I whole the that the fourth needs the -- impact although the the under just like regulatory there, I is to players the the we pressure need very this market some Just of impact. the past, market the are But but market sort think confident some on

So customer I whole of can also, [indiscernible] customers the this insurance market, some just think the I mentioned, for and year, have Ning the still new for expect our kind new products like -- we demand. think

we're growth see insurance confident pretty the some from insurance I'm of employer such so we have of as as forth, property much have as booming can our So a we on demand. well, see to just rebound and going lot like can business, still demand life duty and but majority so insurance a well, as we the

to our insurance have well. the as more we're So products, XXXX, insurance for going I think property

So going business balance to our well. I us to more insurance help as think that's brokers

Na Mei

this million deployed as public company shares the to The of for to core confident the And we your quarter, our the we future cumulatively quarter. our for still and are and USD we back, will hope and fourth deployed sign our market. I the X.X close do quarter, that [indiscernible] strength the repurchase back program has And buy growth. on USD in question. that And very for have answers million end program, fourth X.X

Ning Tang

repurchase. do more share we'll Yes,

Operator

with comes Capital. Larson Your next question from Matthew Fincadia

Matthew Lewton Larson

your on really since or was great Stanley I've Congratulations I through went XXXX company back on your in participated been IPO. public Morgan you another following year.

business is So twice mean, almost and trading position capitalization I it's to establish at and valuation your is the earnings just yourselves really nice see your expansion, your roughly. at is cash X.Xx your recovery company's the what in just astounding. the earnings market

looking X put multiple $XX. that, you're at on a could that if or be $XX stock So just one a

that's here the and dividends received They States. that usually competitors investors of your United paid by Some in do at trade multiple. also well

all the you've of today been dividend The a up one you some shares, some probably special $X.XX fact, trading volumes buy allow value. not your dramatically. With buying is them volume from to restrictions know. and up the a cash, announced first which back below In stock quarter, and book you're in well would picked Lufax, competitor, just more, lot

your So It's dividend, highlight And XX% you think accretive from perhaps to but addition, I to accelerate you XXXX. a you institute like to it's for that. XXXX greater XX% all. And because totally guidance. would looking be recommend should buyback I I in your

a in you're pattern. So strong very growth

not of And investment been just releases Now put sure understands really has a in don't your news pioneering market intelligence call are times and a artificial discussed number many I'm today's the earnings. opportunity, because you on AI out on this that you fact, and release. announced the news

In so artificial buy that would your would judgment, intelligence better my higher side be that highlight had your certainly investment news company our were earning -- the and your valuation the to for exposure If, to artificial put that you the highlight out an understand helped releases firm. that out put a intelligence capabilities. investors put $X.XX here example, give capabilities are sector. you for by AI States, hungry are out United would that in AI And story earnings

puts investors is follow stock, a that you're minimum into $X, above now smaller be have do if a not so. that it, employ would a and able that arena price capital you their a your to different you stock because to but widely and shows might what firm can where in price it known recommend analysts your do because is have no you, possibility, So it's company road I you don't

one. -- forward you take and if And great it, very could some you look my the I helpful. for just advice it be year. I could of to So last consider another think Thank

Ning Tang

thoughts so, And to serious and of And thank mentioned, thoughts your do to for will long me continue much Thank you put But we as it. we dividend, trust. share then my time Yes, previously And, has very discussed. very share it. all, let add into we first buyback. been can it regarding you Mei much. some

we've As around group. started world it's concept of the before, us. best practices our also and peer in a matter The the so practice, fact, to done we've and new and that not

a we is idea rather capital growth believe have that we deploy we So than where great issuing dividend. can opportunities like the

very low prudent. to want want deploy be For cost as able to example, basis we been very be develop has be may we of our AI But further, capability like careful. a capital. because on our larger work to amount done like a We we

So strategic that's our thinking.

us give time. a so bit And please more

We there work work. the are so-called regarding business strategy, in will like or AI gave -- dividend we more paying like like because just like existing progress communicate definitely, plus thinking, strategy meaning our paying show this with One we better. And strategic time, AI. the regarding it's like that, not our will market so a basically, of types my plus view, in X AI, like is AI is

is do, like right This great. is right, most leader, AI pioneer to fintech we something is now. as technology, must utilize this need a So the we cutting-edge which

So a fintech this AI AI from really model much meaning like psychology, management, company doing vertical time, strategically time. But open other has sectors, native we social and and to the for been our like platform, serve so same training about at so businesses and work big our building developing are on going customers into models thinking of kind sourcing on. companion starting the also platform, of

more opportunities. So this first kind AI is native, AI of

of X it's we player, as years AI capability an come So showcase, public our business fintech are and is we with AI vision kind road, are -- utilizing will our not that's X, just down And to more frankly, can and AI also AI grade, communicate more. definitely time. that, right? the along, the is big but my player a We and fintech It utilize all. open fintech they leader a we use

business. So own our fintech just not

make to -- So our it's happen. strategic do thinking great, very thinking to And that's us for behind. I my that. in that's view, And that great the a hope moment

Matthew Lewton Larson

make investment embrace degree employing United Thanks or you've here to initiatives, illuminating again, look your been to hopefully with pioneering AI certain States the frankly forward community seeing your in and the credit a decision. more about communication for to, Great. years that, I your for algorithms AI Okay. of some AI and

new there's stock question nothing no investors company's that that, your you. a significantly is higher for in mind if my given would And valuation. understood this be So

evening. and So have good thanks again, a

Ning Tang

work Well, like like capability. that are we was I'd But new game. ball is But AI data previous that great. current you. thank monitoring big a to whole Matt, add, But

this we confidence. So have

Matthew Lewton Larson

Okay. Great.

Operator

Ruh question next ] with Bluebird from Advisory. comes Your [ Peter

Unknown Analyst

The elephant structure. the capital in room is your

$XX would dividend, X%. that million be a gave about you If

would have still sentence, the to million Chinese XXX show USD AI, other we us over Cayman-based about and In AI You an buy America, you're company. talking a because company. quit money say every

or money ask distribute shareholder the distribute sense dividend a because at have your a Tang the cannot there Is lot Chinese or no some have to back You the cash reason you big looking call an government dividend. evidently for not of need balance did credibility. to where Chinese he's shares? Mr. but don't buy great sheet, do legal makes have on want be doesn't respect this company to enough have a built, to respect do shareholders question, you this American you for is he maybe who's my not today. I why

Chinese to you American on now why you Exchange. American even considered restore amongst because investors. shareholders said, among don't Mei a lift value growth companies want in dividend, do right you to right a credibility economy company American of not be lot a you're Ms. paying dividend have but the the considered would some quarter, a credibility now, And did Last a and is want didn't which company,

to dividend million bigger cannot why need a wondering, a legal you is So there And dollars? that. do or I'm than distribute you you Capital, buyback respect a and access a few American reason did

Ning Tang

with the you the for your joining question some your But respectfully disagree I following. Thank for of you me call, point. say and and let

no there whatsoever. First all, our And decision. it's is restriction of such

and of our put money did we dividend activities, as before. into fact, value-generating matter to a funding, higher a So

So as to new us. not mentioned, I it's

and do float -- aware not we've our that a so great. But we like also And and more. are been that share is we'll cash doing buyback,

will more, limited float So buy if investors. we more be there for institutional larger and

our felt buying when investors. I price hard share of I our years grew American will XXX%. due quarter-over-quarter. I'm So to out of we've this I the our do past great. And trying global And dedication, produce our a And company factors the kind over so with actually, of great declined as respect been good last strategy, value year, the many new to believe fact, matter But results control. company of the investors, with not in no -- ongoing

were a about happy not course, about. also recent development. its happy we've But it's Of been We base. from very humble

So to that's my sir. feedback you,

we just And to solid our to you. and partners. think so will work I have company harder build Thank shareholders a for

Unknown Analyst

investing that share that it's public -- your and revenue investors. I to strength. in Well, a some instill speaking reached the percentage institutions the shareholders that you confidence you last quarter, and shareholders event very whether some the community investment have American just the Ms. since the a company Mei and it's from had investors year would retail any not of said that going to proactive display you even retail state, think $XX few million, respect $XX to approach you months really to Tang do you the more X you've that in institutional And would instituting out would don't a a in past where a of as small million Mr. respect dividend

lending insurance. to from bounce You

Now your XX% down insurance last is from quarter.

you're not going So really be evidently, to insurance big player. a

Now you're to another and looking to direction. trying a different company buy you're to pivot try

the would stock a confidence price screen. prior some up competitors would probably the So get a your good some direction of of this significantly of have there's dividend said, on like lack company strategic instill in and and the as radar person and of confidence a lot instituting

would confidence need among American having You a investors. to learn to instill dividend walk can you some run and before

Ning Tang

first And you investors. Let bit made. point regarding a that work done report me retail quite me a elaborate just bit with communications the regarding more all, of let of we've

And Investor very personally it. we website, And there and that our I wrote example, strategy. content, are of AI was X I'm pages For part our rebuilt about. Communications I excited

suggestions So U.S., in have you incorporating your from them. if in taken our comment. And I'd look can go their some take we've love at a we the remarks also, KOLs communications. And please to are

or in as retail not work let And it the is a and own investment nicely to business. is my And to our We're of business me some also, thoughtful to sure to grew lastly, any not we're core way. not insurance will us in this business AI AI communication I'm clear. buy And done buying communication our the company. a and strategic secondly, to came future company And we so and it being in make doing going insurance smart capability. where say, strategic XXXX, the due going No, whole, expect develop year do last investor probably from a grow way. going nicely concept years. And great we partnerships making year a are

So in capability going build It there, there we're AI AI this how are just had Microsoft didn't really just in-house. is develop so guys right? native capability. because Like out great OpenAI invest AI to do our its few to to

thing. I think did So right the Microsoft

feel the -- to But really of in course, report I going way. our and We well partnerships the thoughtful more -- Hope are earlier, in-house to of visibility, progress the in at mentioned and shareholders as there's the doing more serve strategic my right you investments when will thing view. we're a comfort. going company doing that's it same doing the serving time

Na Mei

retail on Just investor communications.

for fact, have communication increasing been we In investor retail our months. recent

business If you have the publishing we news public. regarding been to at update website, more Yiren our look

public, in in previously. news being U.S. lead or will And So the exposing especially tentatively apart that in we the are market. from active enhancing more

from also -- and website, we please and see on will well. from see have our retail we at that and -- that, news I own it. the a that, Kong domestic also ask well. U.S. at also questions, look will our platform, investors, call the only our us. Apart you international LinkedIn the can China the with as as hopefully communication you search you but Twitter, in as account And will us, an you you can I Google business social if it, that, latest them we latest update investors build will if in If and some conference, can from business any [indiscernible] intend on release on retail apart not but official that have well. And and future, enhance can you Hong in in publish and of we institutional investors, question some in progress well. and on and more work we media And as if more

So happening things and stay tuned. a lot around there's just of

Operator

[ next with question ACI. Boyd comes Your from Hinds ]

Unknown Analyst

for little squeezing I your you bit e-commerce for just about segment. give segment if here. had now. compare company in more what Thanks things right within great. me be and details driving how other questions And what would that that in to they a about margins us growth in are That could with the -- the could If are about your the talk the its fastest-growing margins question be was And growth? expectations are divisions, appears also you that some a XXXX? your kind of the wondering I

Ning Tang

big strategic can some and to please thoughts offer first Mei I'll picture add it.

to selling cross-selling and base. and need, customer relationship them by We strategy they customer know And this enhance, to more is so also like. really strengthen basically better. they more and basically, really things an happy them And also ever-growing our our

it is to to received. the like grow not customers the growth rationale. Since business well forward. been But of through are going product quite seems sold sure this base, So had as our I'm can strategic fast low this quite our this a stellar. cross rate has -- course,

with -- like hope content, we So I to will be but able also please them AI more.

please Mei So provide details. can further

Mei Zhou

Yes.

the growth line, we For think a good year. last in our have lifestyle business I very

on learn services driver customer because key have have I more our courses. They are we And sales our MAU, a business growth services [indiscernible] development new as the some AI we more is interested think healthy even cannot and our has app. can think like some that interesting I part think. attachment -- or empower some this lot I also, including of program more I our especially acquisition customers as well, they of financial customer some planning think very kind And of have and our I just have future as a in AI the of business well, for growth very the think event.

very customer time app. be there, better on So going even would our behavior on better I will a our understand to And even judgment we spend to think help new confident on well. just more have payment that as a this and that's year have our customers habit

to that's very services. going to So key our I be think

Ning Tang

to and content, great a membership it's goods on. like channel -- a to video digital so Yes, IT, like I'd add sell membership,

good some with So discount or...

Unknown Analyst

Can stunning profitability. you speak a terms I number in that in margins of to is margins. for my question all which your pretax are approximately know year its about the your overall XX%, the divisions, margin

You referenced numerical didn't you guidance also of your the us although margins continue, healthy to you give really in value. that net expect sort a

in general, you sort for continue, kind to going you getting what part in how fiscal guess that year margins is of is guidance like as that question. One exceed year I are the of your is a what asking in then division? expect does to mean the contribute margins your to this And X-part to healthy that achieved 'XX? And fiscal e-commerce 'XX? margins about So of you're

Ning Tang

Do we have such details? And can you please...

Mei Zhou

kind Mr. have more or like mentioned, just some membership IT startup. Ning Yes, we of just like some

I think like the that margin, just that's yes, at the mentioned you I think -- something, [indiscernible] like just range.

Operator

question David next from Investor. Private Your a comes Tuff,

Unknown Attendee

the $X.XX, less got these So you to repeat callers roughly other a of something on X I really fine selling that. point you've before. if said, you're like very in is put it, said just a Xx caller cash, what $XXX my similar to at instigated than last question earnings. both million And dividend, callers

telegraph X% from government I hear money. world What your not would to happy to was effect would by did the that have, to you that the have? real were you diminish would you your company nothing. were and It not not that out this last by But constrained capital by pay it a caller, that

I true. hope So that's good. I that's mean,

do the But enable be to would which -- of would you back what which great press it it would would would stock buy more of stock. to number more dramatically a your deal accelerate attract investors,

want say, well, investors. you to attract you institutional Now

and But doing of you're all would investors, XX% and a shareholders, stuff else that happened. -- the if follow. institutional the saying less All are now, they your stuff. that with great right interested get X%, For shareholders less will your the job focus than everything AI you're on good than of X%

doing that of known become consider doing what will keep that. if simple please beyond you're but and you thing why this Other All doing, this do on you're other than not that me change, okay?

Ning Tang

Thank took your you. We point.

Operator

comes Julian Your from [ Andre Hudu Julian next with question ].

Unknown Analyst

I've other some also present at other questions. also. calls a the But which results, and for great clarify congratulations. shareholder for some and rates, been to the to. pass I So investors fast earnings you also looking been wanted time I've

You X questions. have speakers, mostly X

eighth X questions. there are understand think your asking -- I have investors, X question, company, a you usually, and found already clearly, newer or for So person which people I the asking as you person

Also, congratulate them. again but that is calls in was quarters, the earnings all the the I he fact Ning Tang, stuff, want all you and last other of I'm not is not can a my issues because life CEO, option present has online. is also. Ning problem it in looking Mr. transcripts, check that and Tang here, Mr. maybe to It or him personal for

increased he's stock So now the maybe still a price, bit. it in

rightful. he free he's is location which -- or [indiscernible] So is something,

I Mr. state call and with I for and would they earnings appreciate are also. he Ning investors the had that was Stanley, call, questions this in like which guys really to was as which Tang analyst answers Morgan X talking So every quite in insightful newer from

I wanted but owns, also to a partner, Cayman-based all you stuff, Warren Tencent, Buffett's to Now state Cayman-based that I also as companies. Munger want asking which Charlie they're this Alibaba company, the part, -- is question before

this a a is company. of trait So Chinese

Cayman-based are companies. that is a problem all So it's Yiren company not the because major Digital a Chinese YRD, companies Cayman-based

XX% growing in XXXX still the guidance and actually to the is range XX% revenue the XX% upper to fact would is congratulate Furthermore, at like growth middle in the to even I the bound. the that you growth for at are

So years that's other last in or team I and building per XX%, stating something X,XXX sorry, activity. XXX% would or and you the the like to X in I'm year like side, growth ask or great after last growing the like employees employees Chinese like that, on had. -- search I the having X,XXX investors on fact. that. And of would also you something post employees to the thing, Chinese

So will legit, this this and or and found of your you side and tons if nice. that on it's quite can but something Relations, that, but find, company see X,XXX company of clarify, I search can Chinese Investor the to you you it it is all is employees, LinkedIn and has hard very

question my my question last question Okay. and is -- actually the My dividend. last

you an and how AI Of that we the into using growth and performing understand course, appreciate everybody already AI popular. want it into about you're was dividend. you're company, financially, also I stated invest are and before to AI, I opportunities

I a with my dividend. your Tang dividend Mr. thing decrease caller X% for by to understand the question a and you smaller the by symbolic can dividend a But the just Now Like could sake last in if will would clearly XX% you for just cash would consider you a only want could thing is X%. confidence But reinvest or want pleasing business, my it it's you X% a to continue becoming to you to talk investors. growing is, or a X% of even of I decrease XX% X% It's you -- agree. for it better it dividend. eyes and said Ning that the for consider dividend? not

Ning Tang

we... the Thank due about speaking. second frankly, this interested but Tang catch please, quality, consider suggestions, remarks, the you. the remarks points of surely also but business, dividend like I part part didn't is the ideas about you all will and And parties taken, sounded And to you. And again, your Ning line expressed And quite and shareholders first believe we comfort from thank I got. and

Unknown Analyst

a long-time the shareholder, I'm by way.

statement, year of year, I [indiscernible] investors many Giant XXXX. the company. Anyway, or the is which competitors are here if at XXX% of dividend, think not after XX% Morgan company, is, new the price want tech growth but issued similar look there actually person in long I for it I March say the from actually, fintech fintech depths dividend to increased from as Stanley, companies the as in would or XX you question -- think my Xx, last so stock it the area, it in the

current stock pattern. for -- smaller for stock sorry, by way, XX% increased it pricing the for stock So old the the price, price, current the currently

increased is issued March say, $X idea a Xx, dividend and on is that so they stock dividend. XX issued the today, let's XXX%, from price same -- after they So sorry, Xx the so Xx $X year, period last to

news the the So of dividend.

do. than year in today, less in So I have a Lufax, that's And and doing symbolic do financially these and in NASDAQ, cash, increased high not could increase dividends, one premarket they not which are just cash they're comments you best but and are say. less million my think cash, And from but or like to in the the million company XX% December whatever, impact you can is the the Alex a generating in $XXX has are because cash generating dividend. for increased the dividend it XXXX. companies quite sustainable But they but that issued on premarket less they huge $XXX last have some, it your cash which

And also you book your QX if increased total assets total million, $XXX -- million year-on-year, QX increased from value QX your liabilities. minus $XXX in take to So you cash.

after dividends is at company cash, Xx. and growing it's your bring would competitors the confidence widely XX%. And dividend trading again, increased So below they and

Ning Tang

Clear. the We got point.

Operator

are Thank questions time. further There no this at you.

after call, to Thank team. the please today. you does questions do conclude Investor Relations That you our conference have participating. If our them for further direct for

now disconnect. may You

Yiren Digital (YRD) 21 Mar 242023 Q4 Earnings call transcript