Pleasant Intelligent Science and Technology (YRD.US) 2024Q3: Significant achievements in AI strategy promote healthy development of the company's business.

On November 20th, Yirendai Holdings Group (NYSE: YRD), a technology service provider driven by AI, released its unaudited financial report for the third quarter of 2024. Yirendai Holdings Group continues to maintain healthy growth and achieve steady operations and high-quality development through the strategic drive of AI. Tang Ning, Chairman of Yirendai Holdings Group, said: Through the strategic drive of AI and continuous steady operations, Yirendai Holdings Group continues to maintain strong development momentum. We are constantly promoting innovation and progress in business and products, maintaining a positive outlook on the company's prospects. We will continue to focus on technology innovation and excellent service as the foundation of our development, focus on the AI strategic direction, and provide more efficient solutions for a wider range of industry institutions and user groups. By deepening the application of AI technology, promoting technological innovation, ensuring the sustainable development of the business, and enhancing market competitiveness. Significant effectiveness of AI strategy promotes healthy development of company business Yirendai Holdings Group steadily promotes the development of AI strategy. From product innovation, technological innovation, application upgrades, the company has been systematically expanding into a broader market of digital intelligent technology services, maintaining good growth in the third quarter and a positive trend in business scale. Financial consulting In terms of financial consulting, in the third quarter, the transaction volume reached 13.4 billion yuan, a year-on-year increase of 36%, and the loan balance reached 22.8 billion yuan, a year-on-year increase of 51%. In terms of users, in order to achieve high-quality user CKH HOLDINGS and increase user activity, optimize customer acquisition strategies, increase the proportion of high-quality old customers, enhance user stickiness and expand market influence through innovative strategies and optimized service experience. In the third quarter, Yirendai Holdings Group actively expanded multi-scenario traffic resources, achieved precision customer acquisition in different scenarios through diversified channel coverage. This is mainly due to our deep cooperation with top media resources, accurate positioning of high-value target groups, real-time selection and acquisition of high-quality customers using advanced RTA technology, achieving a year-on-year increase of 52% in monthly active users, reaching 4.46 million. In terms of risk control, thanks to the permeation and penetration of the full chain of digital risk prevention and control, user operations, and service experience, the overdue rates for 1-30 days, 31-60 days, and 61-90 days in the third quarter were 1.8%, 1.2%, and 1.2% respectively, and the first-episode overdue rate was reduced to 0.59%, significantly lowering risk control to achieve a historical low, optimizing asset quality. In the third quarter, through AI-empowered quality inspection business, 20 models were implemented in post-loan management quality inspection and 8 models in customer service quality inspection, with an accuracy rate of over 96% for post-loan management models. Micro and small services, Yirendai Holdings Group strengthened support for micro and small enterprise services in the third quarter, continuously expanded service scope to more micro and small business scenarios, and enhanced product and service capabilities in multiple scenarios. In the quarter, the company served 85,000 micro merchants, a 10% increase quarter-on-quarter, facilitating transactions worth 1.8 billion yuan, a 15% increase quarter-on-quarter. Insurance brokerage In terms of insurance brokerage business, Hexiang Insurance Brokerage has promoted the trend of insurance business through continuous optimization of its business structure. In the third quarter, the premium reached 1.35 billion yuan, with 82,000 customers insured during the season. In the third quarter, Hexiang Insurance Brokerage optimized customer acquisition methods, expanded online self-media mode, and utilized the AIDIGIHUMAN tool to achieve automated generation of video content, greatly improving the efficiency of content production and effectively reducing production costs, achieving cost reduction and efficiency increase, and new media gathering customers will bring new growth momentum to the business. Quality life In the business of quality life, using the innovative power of AI, we have improved products and services to enhance the experience of users enjoying a superior quality life. In the third quarter, the quality of the products traded by premium membership rights groups improved, with 3.34 million transactions of premium membership rights customers during the season, achieving a GMV of 51 billion yuan. Product and technological innovation is widely recognized, driving AI industry cooperation and business development Through continuous product and technological innovation, improvement of service levels, and expansion of cooperation, we have successfully promoted business development, and our products, technologies, and cooperation models in AI have been widely recognized by all sectors of society. In terms of government cooperation, Yirendai Holdings Group signed a cooperation agreement with the government of Beihai City, Guangxi Province to jointly build a financial technology platform. With its solid technical strength and deep understanding of the industry, Yirendai Holdings Group contributes to the sustainable development of the industry and builds and cooperates with industries in Beihai City, Guangxi Province. In terms of business innovation, Yirendai Holdings Group's "Lingshu Smart Marketing Platform" received the "AI Industry Innovation Scenario Application Case" certification after strict evaluation by the Industrial and Information Center's Digital Technology Center of the Ministry of Industry and Information Technology. "Lingshu" smart marketing platform not only meets the broad marketing needs of different business lines but also provides a solid foundation for personalized marketing. In terms of technological innovation, at the 2024 Global Digital Economy Conference's AI Forum, the "Privatization Large Model: Intelligent Customer Service" project jointly created by Yirendai Holdings Group and ecosystem partner Polar Bear AI was awarded the "2024 AI Large Model Scenario Application Typical Case", marking a substantial progress in the construction of Yirendai Holdings Group's AI ecosystem. In terms of the combination of industry, academia, and research, Yirendai Holdings Group was invited to attend the "AI Large Model Application Scenario" industry collaboration and innovation expert seminar organized by the Enterprise Innovation Service Center of the China Association for Science and Technology, Beijing Centergate Technologies Industrial Technology Alliance, and the Data Center Committee of the China Communication Industry Association, and in-depth discussions were held with industry experts on the integration and innovation of industry, academia, and research in the practical application of AI large models. Technology-driven, responsible leadership, talent empowerment, building enterprise values and social responsibilities in the AI era At the international cooperation level, Yirendai Holdings Group showcased its "AI + multi-scenario" strategic layout at the 24th China International Investment and Trade Fair. Promoting innovation and upgrading of business and products, providing new productivity for more partners in various fields, and creating greater value for customers. On the ESG side, Yirendai Holdings Group won the "2024 Global Zhejiang Entrepreneur ESG Conference" at the 2024 conference."Outstanding ESG Enterprise", the company case has been shortlisted for the "2024 Global Zhejiang Business ESG Classic Case 100", this case will also be included in the ESG collection of the magazine "Zhejiang Business".In terms of information security, Yirendai Intelligence participated in the unveiling ceremony of the "Prosecution Guard Enterprise" North Internet Finance Association workstation and seminar, considering "protecting user information security" as its own responsibility. The company is committed to integrating cutting-edge technology into protecting user information security and safeguarding the security of financial digital information. In terms of consumer protection, Yirendai Intelligence continues to crack down on grey and black industries, actively cooperating with the police to uncover illegal cases. Police have taken administrative actions against those involved in forging information, effectively maintaining the stability of the financial market and the legitimate rights and interests of consumers. In terms of team building, Yirendai Intelligence's outstanding talent introduction plan has shown remarkable results. This quarter has attracted many excellent talents to join the management team, focusing on professional talents in AI research and development, data, models, etc., to enhance the company's digital capabilities.