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SCHEDULE 1 | 12 Months Ended
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Dec. 31, 2016
SCHEDULE 1 |
SCHEDULE 1 | SCHEDULE 1-CONDENSED BALANCE SHEETS (in thousands, except share and per share data)
|  | December 31, 2015 |  | December 31, 2016 |  | December 31, 2016 |
|  | RMB |  | RMB |  | US$ |
Assets: |  |  |  |  |  |  |
Cash and cash equivalents |  | 430,635 |  | 394,505 |  | 56,821 |
Prepaid expenses and other assets |  | — |  | 690 |  | 99 |
Amount due from a subsidiary |  | 75,429 |  | 68,951 |  | 9,931 |
Held-to-maturity investments |  | — |  | 34,021 |  | 4,900 |
Investments in subsidiaries and VIEs |  | 499,171 |  | 1,645,630 |  | 237,021 |
Total assets |  | 1,005,235 |  | 2,143,797 |  | 308,772 |
Liabilities: |  |  |  |  |  |  |
Accrued expenses and other liabilities |  | 28,293 |  | 3,878 |  | 559 |
Total liabilities |  | 28,293 |  | 3,878 |  | 559 |
Equity: |  |  |  |  |  |  |
Ordinary shares ($0.0001 par value; 500,000,000 shares authorized, and 117,000,000 and 119,512,300 shares issued and outstanding as of December 31, 2015 and 2016) |  | 73 |  | 75 |  | 11 |
Additional paid-in capital |  | 791,841 |  | 933,272 |  | 134,419 |
Accumulated other comprehensive income |  | 101 |  | 29,457 |  | 4,243 |
Retained earnings |  | 184,927 |  | 1,177,115 |  | 169,540 |
Total equity |  | 976,942 |  | 2,139,919 |  | 308,213 |
Total liabilities and equity |  | 1,005,235 |  | 2,143,797 |  | 308,772 |
YIRENDAI LTD. SCHEDULE 1-CONDENSED STATEMENTS OF OPERATIONS (in thousands, except share and per share data)
|  | Year ended December 31, 2014 |  | Year ended December 31, 2015 |  | Year ended December 31, 2016 |  | Year ended December 31, 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Equity in earnings of subsidiaries and VIEs |  | (27,708 | ) | 275,340 |  | 1,145,645 |  | 165,007 |
Operating costs and expenses |  | — |  | (1 | ) | (30,667 | ) | (4,416 | )
Interest income |  | — |  | — |  | 655 |  | 94 |
Non-operating income, net |  | — |  | — |  | 765 |  | 110 |
Net (loss)/income |  | (27,708 | ) | 275,339 |  | 1,116,398 |  | 160,795 |
Basic net (loss)/income per share |  | (0.2771 | ) | 2.7356 |  | 9.4418 |  | 1.3599 |
Weighted average number of ordinary shares outstanding, basic |  | 100,000,000 |  | 100,652,055 |  | 118,240,414 |  | 118,240,414 |
Diluted net (loss)/income per share |  | (0.2771 | ) | 2.7356 |  | 9.3865 |  | 1.3519 |
Weighted average number of ordinary shares outstanding, diluted |  | 100,000,000 |  | 100,652,055 |  | 118,937,082 |  | 118,937,082 |
YIRENDAI LTD. SCHEDULE 1-CONDENSED STATEMENTS OF COMPREHENSIVE INCOME OR LOSS (in thousands, except share and per share data)
|  | Year ended December 31, 2014 |  | Year ended December 31, 2015 |  | Year ended December 31, 2016 |  | Year ended December 31, 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Net (loss)/income |  | (27,708 | ) | 275,339 |  | 1,116,398 |  | 160,795 |
Other comprehensive income, net of tax of nil: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | — |  | 101 |  | 29,356 |  | 4,228 |
Comprehensive (loss)/income |  | (27,708 | ) | 275,440 |  | 1,145,754 |  | 165,023 |
YIRENDAI LTD. SCHEDULE 1-CONDENSED STATEMENTS of CASH FLOW (in thousands, except share and per share data)
|  | Year ended December 31, 2014 |  | Year ended December 31, 2015 |  | Year ended December 31, 2016 |  | Year ended December 31, 2016 |
|  | RMB |  | RMB |  | RMB |  | US$ |
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Net (loss)/income |  | (27,708 | ) | 275,339 |  | 1,116,398 |  | 160,795 |
Adjustments to reconcile net (loss)/income to net cash used in operating activities: |  |  |  |  |  |  |  |  |
Equity in earnings of subsidiaries and VIEs |  | 27,708 |  | (275,340 | ) | (1,145,645 | ) | (165,007 | )
Share-based compensation |  | — |  | — |  | 17,223 |  | 2,480 |
Changes in operating liabilities: |  |  |  |  |  |  |  |  |
Prepaid expenses and other assets |  | — |  | — |  | (690 | ) | (99 | )
Accrued expenses and other current liabilities |  | — |  | 6,469 |  | (2,592 | ) | (373 | )
Net cash provided by/(used in) operating activities |  | — |  | 6,468 |  | (15,306 | ) | (2,204 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Amounts due from subsidiaries |  | — |  | (75,429 | ) | 6,479 |  | 933 |
Purchase of held-to-maturity investments |  | — |  | — |  | (34,021 | ) | (4,900 | )
Investment in a subsidiary |  | (231,996 | ) | — |  | — |  | — |
Net cash used in other investing activities |  | (231,996 | ) | (75,429 | ) | (27,542 | ) | (3,967 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Cash contribution from owner |  | 231,996 |  | 62 |  | — |  | — |
Proceeds from initial public offering, net of offering cost |  | — |  | 441,600 |  | — |  | — |
Proceeds from concurrent private placement, net of offering cost |  | — |  | 58,256 |  | — |  | — |
Payments of initial public offering cost |  | — |  | — |  | (21,824 | ) | (3,143 | )
Net cash provided by/(used in) financing activities |  | 231,996 |  | 499,918 |  | (21,824 | ) | (3,143 | )
Effect of foreign exchange rate changes |  | — |  | (322 | ) | 28,542 |  | 4,111 |
Net increase in cash and cash equivalents |  | — |  | 430,635 |  | (36,130 | ) | (5,203 | )
Cash and cash equivalents, beginning of year |  | — |  | — |  | 430,635 |  | 62,024 |
Cash and cash equivalents, end of year |  | — |  | 430,635 |  | 394,505 |  | 56,821 |
YIRENDAI LTD. SCHEDULE 1-NOTES TO CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY
1. | BASIS FOR PREPARATION
The condensed financial information of the Company has been prepared using the same accounting policies as set out in the consolidated financial statements, except that the equity method has been used to account for investments in its subsidiaries and VIEs.
2. | INVESTMENTS IN SUBSIDIARIES AND VIES
The Company, its subsidiaries and VIEs are included in the consolidated financial statements where the inter-company balances and transactions are eliminated upon consolidation. For the purpose of the Company’s stand-alone financial statements, its investments in subsidiaries and VIEs are reported using the equity method of accounting. The Company’s share of income and losses from its subsidiaries and VIEs are reported as earnings from subsidiaries and VIEs in the accompanying condensed financial information of parent company.
3. | AMOUNT DUE FROM A SUBSIDIARY
Amount due from a subsidiary represents an interest-free, unsecured and repayable on demand loan provided to Yirendai HK.
4. | MATERIAL CONTINGENCIES
As of December 31, 2016, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of redeemable stocks or guarantees of the Company, except for those which have been separately disclosed in the Consolidated Financial Statement, if any.

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