Yiren Digital Ltd (NYSE: YRD) shares tumbled 6.46% in pre-market trading on Thursday following the release of its first-quarter 2025 financial results and the announcement of a key management change. The Chinese fintech company reported mixed results, with revenue growth overshadowed by a significant decline in net income and increased provisions for contingent liabilities.

For Q1 2025, Yiren Digital reported total net revenue of RMB1,554.5 million (US$214.2 million), representing a 13% year-over-year increase. However, net income fell sharply to RMB247.5 million (US$34.1 million), compared to RMB485.9 million in the same period of 2024. The company attributed this decline to higher provisions for loans facilitated under its risk-taking model, decreased sales in insurance brokerage and lifestyle segments, and increased R&D expenses.

Adding to investor concerns, Yiren Digital announced that its current CFO, Mr. Yuning Feng, will resign due to personal reasons. Mr. Ka Chun William Hui has been appointed as the new CFO, effective June 30, 2025. This management change, coupled with the mixed financial results, appears to have sparked negative sentiment among investors in the pre-market session.