indiefunda
$YRD 74,107M USD of their equity puff gone simply like this..
"provision for credit loss recognized on certain related-party loan receivables following a reassessment of their recoverability" what is even worse? They still have so much "Amounts due from related parties", 300M USD, these "assets" will probably increase even more and then disappear gradually until it has eaten all their equity.
What an awful company, still much higher than Jun26 prices ..
Stock market currently is a joke.
They didnt buy a single share in the so called "Buyback", they burn money in a unprofitable insurance brokerage business model going against Waterdrop and Yuanbao, good luck there guys lol. Besides this, throwing money in some AI role play thing? Nobody understands what they mean.
These LX stupid fucks could have done the same trick with the so called buyback, but no, we have to suffer. Lucky bastards, $YRD shareholders, at least they got some quick 100% pump $LX
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