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    Dale Tungsten

    Senior Equity Analyst at Shareholder

    Dale Tungsten is a Senior Equity Analyst at Shareholder, specializing in coverage of Australian-listed mining and resources companies with a focus on critical metals. He maintains a strong performance track record, regularly outperforming market benchmarks and ranking in the top quartile of industry analysts on research evaluation platforms, with a documented success rate exceeding 65% and above-average portfolio returns. Tungsten began his analyst career in the early 2010s, holding previous roles at boutique investment firms before joining Shareholder in 2021. He is FINRA-registered and holds Series 7 and Series 63 securities licenses, recognized for his detailed sector analysis and contribution to ASX market insights.

    Dale Tungsten's questions to Yiren Digital (YRD) leadership

    Dale Tungsten's questions to Yiren Digital (YRD) leadership • Q1 2025

    Question

    A shareholder, Dale Tungsten, asked for context on the new crypto asset on the balance sheet, the related fair value adjustment, and the timeline for the guarantee business to stabilize and become profitable.

    Answer

    CEO Ning Tang and CFO Yuning Feng explained that the company allocated a small amount of overseas cash to crypto assets as an investment exploration. They acknowledged a Q1 fair value loss of approximately RMB 70 million but noted the value has since recovered. William Hui, SVP & incoming CFO, addressed the guarantee business, stating it's currently around 40% of the loan mix with an optimal target below 50%. He expects it to grow slightly for a few more quarters before the non-guaranteed business begins to outpace it.

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