The company’s financial performance reflects a deliberate shift in strategy. Total net revenue fell to RMB 915.1 million, a 41% decline compared to the same period in 2025. This contraction was driven by lower loan facilitation volumes—which dropped to RMB 8.9 billion—and reduced service fee rates mandated by the current regulatory framework. While credit remains the firm’s primary revenue driver, management is increasingly prioritizing insurance brokerage, which saw a 22% year-over-year revenue increase to RMB 87.2 million.
Yiren Digital Posts First Quarter Loss Amid Strategic AI Pivot
Beijing-based fintech Yiren Digital reported a net loss of RMB 494.7 million for the first quarter of 2026, as the company narrowed its core credit operations and ramped up heavy investment in its "All-in-AI" transformation, including the deployment of new multi-agent enterprise platforms.
Operational costs remain under pressure, though the firm reported significant improvements in corporate efficiency. Research and development expenses rose as the company recruited senior AI talent to build out its MagiCube platform and the XuanJi execution layer. Chief Executive Officer Ning Tang described the current results as a period of "resilience" and "disciplined growth," noting that the business is evolving into an AI-native platform. Meanwhile, the firm’s credit portfolio appears to be stabilizing, with Chief Financial Officer William Hui signaling expectations for improved profitability in the second half of the year as risk trends in the legacy loan book continue to moderate.
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