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宜人贷 2018 Q1季度报

Yirendai Reports First Quarter 2018 Financial Results

BEIJING, May 24, 2018 – Yirendai Ltd. (NYSE: YRD) (“Yirendai”or the “Company”), a leading fintech company in China, today announced its unaudited financial results for the quarter ended March 31, 2018.

For the Three Months Ended

in RMB million 31-Mar-18 31-Mar-17 YoY Change Amount of Loans Facilitated 11,956.7 7,246.1 65%

Total Net Revenue 1,592.7 1,021.6 56%

Net Income 278.9 350.9 -21% Adjusted EBITDA (non-GAAP) 879.7 400.3 120% Adjusted Net Income (non-GAAP)* 668.5 350.9 91%

* For the first quarter of 2018, adjusted net income includes RMB389.6 million adjustment on income earned from loans facilitated prior to 2018, if ASC 606 was not adopted.

In the first quarter of 2018, Yirendai facilitated RMB11,956.7 million (US$1,906.2 million) of loans

to 174,128 qualified individual borrowers through its online marketplace, representing a

year-over-year growth of 65%; 23.1% of loan volume were generated by repeat borrowers who have successful ly borrowed on Yirendai’s platform before; 72.5% of the borrowers were acquired from online channels; 100% of the loan volume originated from online channels was facilitated through mobile.

In the first quarter of 2018, Yirendai facilitated 214,231 investors with total investment amount of RMB11,427.6 million (US$1,821.8 million), 100% of which was facilitated through its online platform and 95% of which was facilitated through its mobile application.

In the first quarter of 2018, total net revenue was RMB1,592.7 million (US$253.9 million), an increase of 56% from prior year; net income was RMB278.9 million (US$44.5 million), a decrease of 21% from prior year and adjusted net income in the first quarter of 2018 was RMB668.5 million (US$106.6 million), an increase of 91% from prior year.

“We a re pleased to deliver another strong quarter with solid results in credit, wealth management and in developing key institutional partnerships,” commented Ms. Yihan Fang, Chief Executive Officer of Yirendai. “As part of our ongoing efforts to be in compliance with industry regulations, we have also made several adjustments to our credit business, including product pricing as well as changing our quality assurance program this quarter. We will continue to execute our strategies set for all three business lines to further solidify our industry leadership and achieve sustainable growth.”

“Our first quarter results sh
ow a strong start to 2018 with loan originations increasing by 65% year-over-year, particularly the conti nuing momentum of our online channel business” commented Mr. Dennis Cong, Chief Financial Officer of Yirendai. “We have delivered a solid net revenue growth of 56% on a year-over-year basis amid a challenging regulatory and credit environment. With

“Our first quarter results show a strong start to 2018 with loan originations increasing by 65% year-over-year, particularly the conti nuing momentum of our online channel business” commented Mr. Dennis Cong, Chief Financial Officer of Yirendai. “We have delivered a solid net revenue growth of 56% on a year-over-year basis amid a challenging regulatory and credit environment. With

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