Yiren Digital Ltd. (YRD)

Operator: Good day, ladies and gentlemen, and welcome to the Yiren Digital Second Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, that this event is being recorded.

Operator: Good day, and welcome to the First Quarter 2025 Year-end Digital Conference Call. [Operator Instructions] Please note, this event is being recorded.

Operator: Good day, and welcome to the Yiren Digital Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions].

Chinese stocks have rallied in 2025 since the surprising launch of the DeepSeek AI model. The smart and lower-powered LLM AI tool has created a wave in the global AI industry, with the U.S.

Operator: Good day and welcome to the Yiren Digital Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Operator: Good day, and welcome to the Yiren Digital Second Quarter 2024 Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded.

Operator: Good day, and welcome to the Yiren Digital First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Operator: Good day, and welcome to the Yiren Digital First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Operator: Thank you for standing by, and welcome to the Yiren Digital fourth quarter and fiscal year 2023 earnings conference call. All participants are in a listen-only mode.