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Yirendai Reports Third Quarter 2018 Financial Results

BEIJING, Nov. 12, 2018 /PRNewswire/ -- Yirendai Ltd. (NYSE: YRD) ("Yirendai" or the "Company"), a leading fintech company in China, today announced its unaudited financial results for the quarter ended September 30, 2018.






For the Three Months Ended

in RMB million

30-Sep-18

30-Sep-17

YoY Change

Amount of Loans Facilitated

6,546.2

12,185.4

-46%

Total Net Revenue

1,121.2

1,513.9

-26%

Net Income

151.6

303.0

-50%

Adjusted EBITDA (non-GAAP)*

509.3

422.4

21%

Adjusted Net Income (non-GAAP)*

367.5

303.0

21%






* For the third quarter of 2018, adjusted EBITDA and adjusted net income includes RMB 215.9
million adjustment on income earned from loans facilitated prior to 2018, if ASC 606 was not
adopted.

In the third quarter of 2018, Yirendai facilitated RMB 6,546.2 million (US$953.1 million) of loans to 96,402 qualified individual borrowers through its online marketplace; 32.2% of loan volume were generated by repeat borrowers who have successfully borrowed on Yirendai's platform before; 74.8% of the borrowers were acquired from online channels; 100% of the loan volume originated from online channels was facilitated through mobile.

In the third quarter of 2018, Yirendai facilitated 164,218 investors with total investment amount of RMB 11,412.6 million (US$1,661.7 million), 100% of which was facilitated through its online platform and 96% of which was facilitated through its mobile application.

In the third quarter of 2018, total net revenue was RMB 1,121.2 million (US$163.2 million), a decrease of 26% from prior year; net income was RMB 151.6 million (US$22.1 million), a decrease of 50% from prior year and adjusted net income in the third quarter of 2018 was RMB 367.5 million (US$53.5 million), an increase of 21% from prior year.

"Despite a challenging industry environment during the quarter, we achieved solid performance," commented Ms. Yihan Fang, Chief Executive Officer of Yirendai. "We have seen continuously strong demand from investors on our platform, with our PICC insured loan products being sold out every day, reinforcing our leadership position. We remain confident about Yirendai's long-term prospects amid an uncertain industry environment."

"As the industry goes through the regulatory evaluation process, we maintain a prudent risk and growth policy," commented Mr. Dennis Cong, Chief Financial Officer of Yirendai. "We are currently awaiting regulators to begin on-site inspections at Yirendai and we are exceedingly confident of our ability to meet registration requirements. This quarter, one of our top priorities was cash and liquidity management, and with efforts made in product and funding diversification, we believe that we are in a solid cash and liquidity position, making us well-positioned to resume our growth and capture market opportunities as the industry consolidates."

Third Quarter 2018 Financial Results

Total amount of loans facilitated in the third quarter of 2018, was RMB 6,546.2 million (US$953.1 million), decreased by 46% from RMB 12,185.4 million in the same period last year as we proactively controlled our business growth. As of September 30, 2018, Yirendai had facilitated approximately RMB 104.2 billion (US$15.2 billion) in loan principal since its inception.

Total net revenue in the third quarter of 2018 was RMB 1,121.2 million (US$163.2 million), decreased by 26% from RMB 1,513.9 million in the same period last year. The decrease of total net revenue was mainly attributable to a decline in loan origination volume.

Sales and marketing expenses in the third quarter of 2018 were RMB 451.0 million (US$65.7 million), compared to RMB 844.2 million in the same period last year. Sales and marketing expenses in the third quarter of 2018 accounted for 6.9% of amount of loans facilitated, remaining stable from 6.9% in the same period last year.

Origination and servicing costs in the third quarter of 2018 were RMB 155.0 million (US$22.6 million), compared to RMB 119.0 million in the same period last year. Origination and servicing costs in the third quarter of 2018 accounted for 2.4% of amount of loans facilitated, increased from 1.0% in the same period last year mainly due to increased collection efforts this quarter.

General and administrative expenses in the third quarter of 2018 were RMB 167.3 million (US$24.4 million), compared to RMB 172.6 million in the same period last year. General and administrative expenses in the third quarter of 2018 accounted for 14.9% of total net revenue, compared to 11.4% in the same period last year.

Provision expenses in the third quarter of 2018 were RMB 214.7 million (US$31.3 million),  compared to RMB 163.0 million in the second quarter of 2018. The increase in provision expenses was mainly attributable to more conservative changes in future collectability estimates.

Income tax expense in the third quarter of 2018 was RMB 34.2 million (US$5.0 million). Since the first quarter of 2017, Yi Ren Heng Ye Technology Development (Beijing) Co., Ltd., a subsidiary of the Company, enjoyed a favorable enterprise income tax rate of 12.5% as a software enterprise which qualification was confirmed by local tax bureau in the third quarter of 2016. This makes it eligible for an exemption of enterprise income tax for 2015 and 2016 and a favorable enterprise income tax rate of 12.5% for 2017, 2018 and 2019.

Net income in the third quarter of 2018 was RMB 151.6 million (US$22.1 million), decreased by 50% from RMB 303.0 million in the same period last year.

Adjusted net income (non-GAAP) in the third quarter of 2018 was RMB 367.5 million (US$53.5 million), increased by 21% from RMB 303.0 million in the same period last year. For the third quarter of 2018, net income would be positively impacted by RMB 215.9 million if ASC 606 was not adopted, generated from loans facilitated prior to 2018.

Adjusted EBITDA (non-GAAP) in the third quarter of 2018 was RMB 509.3 million (US$74.2 million), increased by 21% from RMB 422.4 million in the same period last year. Adjusted EBITDA margin[1] (non-GAAP) in the third quarter of 2018 was 45.4%, compared to 27.9% in the same period last year. For the third quarter of 2018, adjusted EBITDA includes RMB 287.9 million adjustment on pre-tax income earned from loans facilitated prior to 2018, if ASC 606 was not adopted.

[1] Adjusted EBITDA margin is a non-GAAP financial measure calculated as adjusted EBITDA divided by total net revenue.

Basic income per ADS in the third quarter of 2018 was RMB 2.46 (US$0.36), decreased from RMB 5.00 in the same period last year.

Adjusted basic income per ADS in the third quarter of 2018 was RMB 5.97 (US$0.87). Adjusted basic income per ADS includes RMB 215.9 million adjustment on income earned from loans facilitated prior to 2018, if ASC 606 was not adopted.

Diluted income per ADS in the third quarter of 2018 was RMB 2.43 (US$0.35), decreased from RMB 4.91 in the same period last year.

Adjusted diluted income per ADS in the third quarter of 2018 was RMB 5.89 (US$0.86). Adjusted diluted income per ADS includes RMB 215.9 million adjustment on income earned from loans facilitated prior to 2018, if ASC 606 was not adopted.

Net cash used in operating activities in the third quarter of 2018 was RMB 138.2 million (US$20.1 million), compared to RMB 1,370.1 million in the second quarter of 2018.

As of September 30, 2018, cash and cash equivalents was RMB 806.9 million (US$117.5 million), compared to RMB 567.5 million as of June 30, 2018. As of September 30, 2018, balance of held-to-maturity investments was RMB 319.6 million (US$46.5 million), compared to RMB 312.1 million as of June 30, 2018. As of September 30, 2018, balance of available-for-sale investments was RMB 833.8 million (US$121.4 million), compared to RMB 530.1 million as of June 30, 2018.

Delinquency rates. As of September 30, 2018, the delinquency rates for loans that are past due for 15-29 days, 30-59 days and 60-89 days were 1.1%, 1.8% and 1.5%, compared to 0.8%, 1.2% and 1.3%, as of June 30, 2018. The increase in delinquency rates was partially due to the slower loan volume growth as well as continuous movements in the Company's asset credit performance.

Cumulative M3+ net charge-off rates. As of September 30, 2018, the cumulative M3+ net charge-off rate for loans originated in 2015 was 10.3%, compared to 10.1% as of June 30, 2018. As of September 30, 2018, the cumulative M3+ net charge-off rate for loans originated in 2016 was 9.6%, compared to 8.7% as of June 30, 2018. As of September 30, 2018, the cumulative M3+ net charge-off rate for loans originated in 2017 was 8.5%, compared to 6.0% as of June 30, 2018.

Other Operating Metrics and Business Results

  • As of September 30, 2018, remaining principal of performing loans totaled RMB 42.6 billion (US$6.2 billion), decreased by 7% from RMB 45.8 billion as of June 30, 2018 and increased by 24% from RMB 34.2 billion as of September 30, 2017.
  • In the third quarter of 2018, Grade I, II, III, IV and V loans represented 11.5%, 32.7%, 31.3%, 17.8% and 6.7% of the Company's product portfolio, respectively.

Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses several non-GAAP financial measures, such as adjusted net income, adjusted EBITDA, adjusted EBITDA margin, adjusted basic income per ADS and adjusted diluted income per ADS as supplemental measures to review and assess operating performance. We believe these non-GAAP measures provide useful information about our core operating results, enhance the overall understanding of our past performance and prospects and allow for greater visibility with respect to key metrics used by our management in our financial and operational decision-making. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The non-GAAP financial measures have limitations as analytical tools. Other companies, including peer companies in the industry, may calculate these non-GAAP measures differently, which may reduce their usefulness as a comparative measure. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. See "Operating Highlights and Reconciliation of GAAP to Non-GAAP measures" at the end of this press release.

Currency Conversion

This announcement contains currency conversions of certain RMB amounts into US$ at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB 6.8680 to US$1.00, the effective noon buying rate on September 28, 2018 as set forth in the H.10 statistical release of the Federal Reserve Board.

Conference Call

Yirendai's management will host an earnings conference call at 8:00 p.m. Eastern Time on November 12, 2018, (or 9:00 a.m. Beijing/Hong Kong Time on November 13, 2018).

Dial-in details for the earnings conference call are as follows:

International:

+65 6713-5091

U.S. Toll Free:

+1 866-519-4004

Hong Kong Toll Free:

800-906-601

China Toll Free:

400-620-8038

Conference ID:

2788437

A replay of the conference call may be accessed by phone at the following numbers until November 19, 2018:

International:

+61 2-8199-0299

U.S. Toll Free:

+1 646-254-3697

Replay Access Code:

2788437

Additionally, a live and archived webcast of the conference call will be available at ir.yirendai.com.

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 Yirendai'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 Yirendai'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 Yirendai'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 Yirendai'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 Yirendai 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.

About Yirendai

Yirendai Ltd. (NYSE: YRD) is a leading fintech company in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investor and individual borrower demand in China through an online platform that automates key aspects of its operations to efficiently match borrowers with investors and execute loan transactions. Yirendai deploys a proprietary risk management system, which enables the Company to effectively assess the creditworthiness of borrowers, appropriately price the risks associated with borrowers, and offer quality loan investment opportunities to investors. Yirendai's online marketplace provides borrowers with quick and convenient access to consumer credit at competitive prices and investors with easy and quick access to an alternative asset class with attractive returns. For more information, please visit ir.yirendai.com.

For investor and media inquiries, please contact:

Yirendai
Hui (Matthew) Li
Director of Investor Relations
Email: ir@yirendai.com

 

 

 

Unaudited Condensed Consolidated Statements of Operations

 (in thousands, except for share, per share and per ADS data, and percentages)


For the Three Months Ended 



For the Nine Months Ended 


September 30,
2017


June 30,
2018


September 30,
2018


September 30,
2018



September 30,
2017


September 30,
2018


September 30,
2018


RMB


RMB


RMB


USD



RMB


RMB


USD

Net revenue:















Loan facilitation services

1,425,162


997,450


516,849


75,254



3,522,760


2,761,915


402,143

Post-origination services

49,951


61,673


79,665


11,600



124,652


194,743


28,355

Account management services

-


401,960


441,146


64,232



-


1,204,227


175,339

Others

38,791


58,489


83,514


12,160



71,148


189,176


27,545

Total net revenue

1,513,904


1,519,572


1,121,174


163,246



3,718,560


4,350,061


633,382

Operating costs and expenses:















Sales and marketing

844,165


793,750


450,986


65,665



1,931,425


2,026,462


295,059

Origination and servicing

119,036


147,031


154,953


22,562



270,967


444,724


64,753

General and administrative

172,643


333,406


167,288


24,358



371,755


837,974


122,011

Provision expenses

-


163,029


214,695


31,260



-


494,348


71,978

Total operating costs and expenses

1,135,844


1,437,216


987,922


143,845



2,574,147


3,803,508


553,801

Interest income, net

33,250


20,753


7,856


1,144



84,797


56,135


8,173

Fair value adjustments related to
Consolidated ABFE

(22,762)


142,603


44,627


6,498



(23,322)


191,693


27,911

Non-operating income, net

158


5


41


6



920


(406)


(59)

Income before provision for income taxes

388,706


245,717


185,776


27,049



1,206,808


793,975


115,606

Income tax expense

85,732


41,054


34,163


4,974



283,837


158,795


23,121

Net income

302,974


204,663


151,613


22,075



922,971


635,180


92,485
















Weighted average number of ordinary
shares outstanding, basic

121,249,448


121,429,290


123,042,879


123,042,879



120,167,235


121,951,944


121,951,944

Basic income per share

2.4988


1.6855


1.2322


0.1794



7.6807


5.2084


0.7584

Basic income per ADS

4.9976


3.3710


2.4644


0.3588



15.3614


10.4168


1.5168
















Weighted average number of ordinary
shares outstanding, diluted

123,509,834


123,656,710


124,875,663


124,875,663



121,757,910


124,107,002


124,107,002

Diluted income per share

2.4530


1.6551


1.2141


0.1768



7.5804


5.1180


0.7452

Diluted income per ADS

4.9060


3.3102


2.4282


0.3536



15.1608


10.2360


1.4904
















Unaudited Condensed Consolidated
Cash Flow Data















Net cash generated from/(used in)
operating activities

346,329


(1,370,147)


(138,204)


(20,123)



1,441,204


(1,846,078)


(268,794)

Net cash provided by/ (used in)
investing activities

342,289


(491,870)


(82,268)


(11,978)



(181,099)


(956,329)


(139,244)

Net cash (used in)/ provided by
financing activities

(127,864)


197,184


(105,574)


(15,372)



(267,698)


46,434


6,761

Effect of foreign exchange rate changes

(14,885)


8,117


15,405


2,244



(25,127)


12,546


1,827

Net increase/(decrease) in cash, cash
equivalents and restricted cash

545,869


(1,656,716)


(310,641)


(45,229)



967,280


(2,743,427)


(399,450)

Cash, cash equivalents and restricted
cash, beginning of period

2,607,922


2,886,798


1,230,082


179,103



2,186,511


3,662,868


533,324

Cash, cash equivalents and restricted
cash, end of period

3,153,791


1,230,082


919,441


133,874



3,153,791


919,441


133,874

 

 

 

Unaudited Consolidated Balance Sheet

 (in thousands)


As of


September 30,
2017


June 30,
2018


September 30,
2018


September 30,
2018


RMB


RMB


RMB


USD









        Cash and cash equivalents

1,403,529


567,502


806,946


117,494

        Restricted cash

1,750,262


662,580


112,495


16,380

        Accounts receivable

24,050


6,856


6,616


962

        Prepaid expenses and other assets

1,136,993


1,228,150


1,180,650


171,906

        Loans at fair value

558,178


1,659,310


1,335,584


194,465

        Amounts due from related parties

176,867


119,616


121,864


17,744

        Held-to-maturity investments

168,917


312,101


319,639


46,540

        Available-for-sale investments

996,660


530,057


833,835


121,409

        Property, equipment and software, net

81,515


96,769


96,640


14,071

        Deferred tax assets

685,875


429,964


231,655


33,730

        Contract assets, net

-


2,552,900


2,250,185


327,633

Total assets

6,982,846


8,165,805


7,296,109


1,062,334

        Accounts payable

22,634


36,657


33,170


4,830

        Amounts due to related parties

22,740


54,954


102,844


14,974

        Liabilities from quality assurance program and guarantee

2,392,794


12,152


6,470


942

        Deferred revenue

194,646


-


-


-

        Payable to third-party credit assurance program

-


1,241,859


353,040


51,404

        Payable to investors at fair value

145,200


51,988


13,944


2,030

        Accrued expenses and other liabilities

1,704,620


1,234,407


1,074,196


156,406

        Deferred tax liabilities

4,545


658,156


561,370


81,737

        Contract liabilities



294,680


376,905


54,879

Total liabilities

4,487,179


3,584,853


2,521,939


367,202

        Ordinary shares

76


76


77


11

        Additional paid-in capital

1,094,916


1,174,158


1,266,534


184,411

        Treasury stock

-


-


(254)


(37)

        Accumulated other comprehensive income

4,330


9,005


18,360


2,673

        Retained earnings

1,396,345


3,397,713


3,489,453


508,074

Total equity

2,495,667


4,580,952


4,774,170


695,132

Total liabilities and equity

6,982,846


8,165,805


7,296,109


1,062,334

 

 

 

Operating Highlights and Reconciliation of GAAP to Non-GAAP Measures

(in thousands, except for number of  borrowers, number of investors and percentages)


For the Three Months Ended 



For the Nine Months Ended


September 30,
2017


June 30,
2018


September 30,
2018


September 30,
2018



September 30,
2017


September 30,
2018


September 30,
2018


RMB


RMB


RMB


USD



RMB


RMB


USD

Operating Highlights















Amount of loans facilitated

12,185,367


11,736,216


6,546,167


953,141



27,967,538


30,239,102


4,402,898

        Loans generated from online channels

6,972,156


7,608,411


4,147,761


603,926



14,833,895


18,696,514


2,722,265

        Loans generated from offline channels

5,213,211


4,127,805


2,398,406


349,215



13,133,643


11,542,588


1,680,633

Number of borrowers

192,725


177,754


96,402


96,402



455,507


447,791


447,791

        Borrowers from online channels

145,838


135,686


72,108


72,108



329,736


333,765


333,765

        Borrowers from offline channels

46,887


42,068


24,294


24,294



125,771


114,026


114,026

Number of investors

214,967


202,380


164,218


164,218



455,251


430,293


430,293

        Investors from online channels

214,967


202,380


164,218


164,218



455,251


430,293


430,293
















Reconciliation of Net Income















Net income

302,974


204,663


151,613


22,075



922,971


635,180


92,485

Adjustments on net income generated from
loans pre-2018 (before adopting ASC606)

-


235,877


215,920


31,438



-


701,219


102,099

Adjusted net income

302,974


440,540


367,533


53,513



922,971


1,336,399


194,584
















Reconciliation of EBITDA















Net income

302,974


204,663


151,613


22,075



922,971


635,180


92,485

Adjustments on income before income
taxes, generated from loans pre-2018
(before adopting ASC606)

-


314,503


287,892


41,918



-


934,958


136,133

Interest income, net

-33,250


(20,753)


(7,856)


(1,144)



(84,797)


(56,135)


(8,173)

Income tax expense

85,732


41,054


34,163


4,974



283,837


158,795


23,121

Depreciation and amortization

6,892


9,119


10,944


1,594



15,991


28,563


4,159

Share-based compensation

60,065


17,791


32,537


4,737



63,142


67,902


9,887

Adjusted EBITDA

422,413


566,377


509,293


74,154



1,201,144


1,769,263


257,612

Adjusted EBITDA margin

27.9%


37.3%


45.4%


45.4%



32.3%


40.7%


40.7%

 

 

 

Operating Highlights

(in thousands)


As of


September 30,
2017


June 30,
2018


September 30,
2018


September 30,
2018


RMB


RMB


RMB


USD

Operating Highlights








Remaining principal of performing loans

34,235,727


45,849,674


42,576,846


6,199,308

Remaining principal of performing loans covered by
quality assurance program and guarantee

33,622,142


148,523


124,811


18,173

Remaining principal of performing loans covered by
third-party credit assurance program

-


42,149,174


38,960,185


5,672,712

 

 

 

Delinquency Rates



Delinquent for



15-29 days


30-59 days


60-89 days

All Loans







December 31, 2014


0.3%


0.2%


0.2%

December 31, 2015


0.4%


0.5%


0.4%

December 31, 2016


0.4%


0.7%


0.6%

December 31, 2017


0.8%


0.9%


0.7%

March 31, 2018


0.8%


1.6%


1.3%

June 30, 2018


0.8%


1.2%


1.3%

September 30, 2018


1.1%


1.8%


1.5%








Online Channels







December 31, 2014


0.4%


0.3%


0.2%

December 31, 2015


0.6%


0.8%


0.6%

December 31, 2016


0.6%


1.0%


0.8%

December 31, 2017


1.2%


1.2%


0.9%

March 31, 2018


1.0%


2.2%


1.8%

June 30, 2018


0.9%


1.5%


1.6%

September 30, 2018


1.2%


2.2%


1.9%








Offline Channels







December 31, 2014


0.3%


0.2%


0.2%

December 31, 2015


0.3%


0.4%


0.3%

December 31, 2016


0.4%


0.6%


0.4%

December 31, 2017


0.5%


0.7%


0.5%

March 31, 2018


0.6%


1.1%


0.8%

June 30, 2018


0.7%


1.0%


1.0%

September 30, 2018


0.9%


1.3%


1.1%

 

 

 

Net Charge-Off Rate for Upgraded Risk Grid

Loan issued
period


Customer
grade


Amount of loans facilitated
during the period


Accumulated M3+ Net Charge-Off
as of September 30, 2018


Total Net Charge-Off Rate
as of September 30, 2018





(in RMB thousands)


(in RMB thousands)



2014


I


-


-


-



II


1,921,372


84,573


4.4%



III


303,276


19,105


6.3%



IV


-


-


-



V


3,913


518


13.2%



Total


2,228,561


104,196


4.7%

2015


I


146,490


4,533


3.1%



II


1,614,354


98,803


6.1%



III


2,521,705


215,455


8.5%



IV


2,506,107


270,642


10.8%



V


2,768,957


392,692


14.2%



Total


9,557,613


982,126


10.3%

2016


I


497,220


17,223


3.5%



II


3,137,889


148,707


4.7%



III


3,763,081


245,613


6.5%



IV


5,183,233


436,959


8.4%



V


7,799,180


1,111,359


14.2%



Total


20,380,603


1,959,861


9.6%

2017


I


2,701,162


79,896


3.0%



II


9,079,647


549,698


6.1%



III


10,611,451


928,899


8.8%



IV


10,263,135


1,010,216


9.8%



V


8,750,663


969,227


11.1%



Total


41,406,058


3,537,937


8.5%

Q1-Q3 2018


I


2,871,763


14,498


0.5%



II


8,326,827


91,292


1.1%



III


8,289,580


123,465


1.5%



IV


6,944,551


139,122


2.0%



V


3,806,381


95,347


2.5%



Total


30,239,102


463,723


1.5%










 

 

 

M3+ Net Charge-Off Rate

Loan issued
period


Month on Book



4

7

10

13

16

19

22

25

28

31

34

2013Q1


1.9%

3.2%

3.1%

2.3%

2.0%

0.9%

0.5%

0.5%

0.4%

0.4%

0.4%

2013Q2


1.8%

3.6%

4.5%

5.9%

6.4%

7.4%

6.1%

7.0%

7.5%

7.5%

7.8%

2013Q3


0.5%

2.8%

4.2%

5.5%

6.1%

6.5%

7.1%

7.1%

7.0%

6.9%

6.9%

2013Q4


0.7%

3.4%

4.8%

6.2%

6.8%

7.5%

8.3%

8.3%

8.2%

8.5%

8.3%

2014Q1


1.0%

4.2%

6.1%

7.0%

8.4%

9.3%

9.8%

9.7%

9.9%

9.8%

9.5%

2014Q2


0.5%

1.8%

2.6%

3.8%

4.3%

4.6%

4.6%

4.7%

4.7%

4.7%

4.8%

2014Q3


0.2%

0.8%

2.0%

2.8%

3.3%

3.7%

4.0%

4.2%

4.2%

4.1%

4.1%

2014Q4


0.3%

1.5%

2.7%

3.5%

4.1%

4.6%

5.1%

5.2%

5.2%

5.3%

5.3%

2015Q1


0.6%

2.7%

4.4%

5.8%

7.1%

8.2%

9.1%

9.6%

9.9%

10.2%

10.3%

2015Q2


0.5%

2.1%

3.7%

5.3%

6.6%

7.7%

8.6%

9.2%

9.6%

9.8%

10.1%

2015Q3


0.2%

1.6%

3.4%

4.9%

6.4%

7.4%

8.1%

8.6%

9.1%

9.5%

9.8%

2015Q4


0.2%

1.6%

3.2%

4.9%

6.2%

7.2%

8.0%

8.7%

9.4%

10.0%


2016Q1


0.2%

1.3%

2.9%

4.3%

5.4%

6.4%

7.2%

8.1%

8.9%



2016Q2


0.2%

1.7%

3.4%

4.9%

6.1%

7.1%

8.3%

9.4%




2016Q3


0.1%

1.5%

3.2%

4.6%

6.0%

7.5%

9.0%





2016Q4


0.2%

1.5%

3.0%

4.6%

6.4%

8.2%






2017Q1


0.2%

1.4%

3.2%

5.4%

7.6%







2017Q2


0.3%

2.0%

4.7%

7.5%








2017Q3


0.4%

3.0%

6.5%









2017Q4


0.6%

4.2%










2018Q1


0.5%











 

 

Cision View original content:http://www.prnewswire.com/news-releases/yirendai-reports-third-quarter-2018-financial-results-300748305.html

SOURCE Yirendai Ltd.