Yiren Digital (YRD) Q1 FY26 earnings call

A prepared-remarks-only call — no Q&A was held. The quarter marks a credit-cycle inflection: delinquencies, provisions and losses all turned down while AI-driven efficiency produced operating leverage against a still-shrinking lending top line. Management is repositioning the equity story from Chinese consumer credit toward an 'All-in-AI' three-pillar ecosystem — fintech cash flows funding AI infrastructure and incubated AI-native applications in education and entertainment.