LexinFintech Holdings (NASDAQ: LX) reported strong Q1 2025 financial results, with revenue reaching RMB 3.1 billion and non-GAAP EBIT surging to RMB 580 million, up 104.7% YoY and 25.3% QoQ. The company achieved its highest quarterly profit in 13 quarters, with transaction volume reaching RMB 51.62 billion and managed loan balance of RMB 107.33 billion. Asset quality improved significantly, with early-stage risk metrics declining 5% QoQ and 90+ day delinquency rate falling 9% QoQ. The company announced an increase in dividend payout ratio from 25% to 30% effective H2 2025. Total users grew to 232 million, up 8.1% YoY. Lexin's R&D investment reached RMB 156 million in Q1, up 15.3% YoY, focusing on AI integration and risk control improvements.
LexinFintech Holdings (NASDAQ: LX) ha riportato solidi risultati finanziari nel primo trimestre 2025, con ricavi pari a 3,1 miliardi di RMB e un EBIT non-GAAP in crescita a 580 milioni di RMB, in aumento del 104,7% su base annua e del 25,3% rispetto al trimestre precedente. L'azienda ha raggiunto il suo profitto trimestrale più alto degli ultimi 13 trimestri, con un volume di transazioni di 51,62 miliardi di RMB e un saldo prestiti gestiti di 107,33 miliardi di RMB. La qualità degli asset è migliorata significativamente, con metriche di rischio a inizio fase in calo del 5% rispetto al trimestre precedente e un tasso di insolvenza oltre i 90 giorni diminuito del 9%. È stato annunciato un aumento del payout dei dividendi dal 25% al 30%, a partire dalla seconda metà del 2025. Il numero totale di utenti è salito a 232 milioni, con una crescita dell'8,1% su base annua. L'investimento in R&S ha raggiunto i 156 milioni di RMB nel primo trimestre, con un incremento del 15,3% annuo, focalizzandosi sull'integrazione dell'IA e sul miglioramento del controllo del rischio.
LexinFintech Holdings (NASDAQ: LX) reportó sólidos resultados financieros en el primer trimestre de 2025, con ingresos que alcanzaron los 3,1 mil millones de RMB y un EBIT no-GAAP que se disparó a 580 millones de RMB, con un aumento del 104,7% interanual y del 25,3% trimestral. La compañía logró su mayor beneficio trimestral en 13 trimestres, con un volumen de transacciones de 51,62 mil millones de RMB y un saldo de préstamos gestionados de 107,33 mil millones de RMB. La calidad de los activos mejoró significativamente, con métricas de riesgo en etapa temprana que disminuyeron un 5% trimestral y una tasa de morosidad superior a 90 días que cayó un 9%. La empresa anunció un aumento en la tasa de pago de dividendos del 25% al 30%, efectivo a partir del segundo semestre de 2025. El total de usuarios creció a 232 millones, un aumento del 8,1% interanual. La inversión en I+D alcanzó los 156 millones de RMB en el primer trimestre, con un incremento del 15,3% interanual, centrada en la integración de IA y mejoras en el control de riesgos.
LexinFintech Holdings(NASDAQ: LX)는 2025년 1분기 강력한 재무 실적을 보고했으며, 매출은 31억 RMB, 비-GAAP EBIT는 5억 8천만 RMB로 전년 대비 104.7%, 전분기 대비 25.3% 증가했습니다. 회사는 13분기 만에 가장 높은 분기 이익을 기록했으며, 거래량은 516.2억 RMB, 관리 대출 잔액은 1073.3억 RMB에 달했습니다. 자산 품질도 크게 개선되어 초기 위험 지표가 전분기 대비 5% 감소하고, 90일 이상 연체율은 9% 하락했습니다. 2025년 하반기부터 배당성향을 25%에서 30%로 인상한다고 발표했습니다. 총 사용자 수는 2억 3,200만 명으로 전년 대비 8.1% 증가했습니다. 1분기 연구개발 투자액은 1억 5,600만 RMB로 전년 대비 15.3% 증가했으며, AI 통합 및 리스크 관리 개선에 중점을 두고 있습니다.
LexinFintech Holdings (NASDAQ : LX) a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un chiffre d'affaires atteignant 3,1 milliards de RMB et un EBIT non-GAAP en forte hausse à 580 millions de RMB, soit une augmentation de 104,7 % en glissement annuel et de 25,3 % par rapport au trimestre précédent. La société a enregistré son bénéfice trimestriel le plus élevé depuis 13 trimestres, avec un volume de transactions de 51,62 milliards de RMB et un solde de prêts gérés de 107,33 milliards de RMB. La qualité des actifs s'est nettement améliorée, les indicateurs de risque en phase initiale ayant diminué de 5 % par rapport au trimestre précédent, et le taux de défaillance à plus de 90 jours ayant chuté de 9 %. La société a annoncé une augmentation du taux de distribution des dividendes, passant de 25 % à 30 % à compter du second semestre 2025. Le nombre total d'utilisateurs a atteint 232 millions, en hausse de 8,1 % sur un an. Les investissements en R&D de Lexin ont atteint 156 millions de RMB au premier trimestre, en hausse de 15,3 % sur un an, avec un accent sur l'intégration de l'IA et l'amélioration du contrôle des risques.
LexinFintech Holdings (NASDAQ: LX) meldete starke Finanzergebnisse für das erste Quartal 2025, mit einem Umsatz von 3,1 Milliarden RMB und einem Non-GAAP-EBIT, das auf 580 Millionen RMB anstieg, was einem Anstieg von 104,7 % im Jahresvergleich und 25,3 % im Quartalsvergleich entspricht. Das Unternehmen erzielte den höchsten Quartalsgewinn seit 13 Quartalen, mit einem Transaktionsvolumen von 51,62 Milliarden RMB und einem verwalteten Darlehensbestand von 107,33 Milliarden RMB. Die Vermögensqualität verbesserte sich deutlich, wobei Frührisikomesswerte quartalsweise um 5 % zurückgingen und die Ausfallrate über 90 Tage um 9 % sank. Das Unternehmen kündigte eine Erhöhung der Dividendenquote von 25 % auf 30 % ab dem zweiten Halbjahr 2025 an. Die Gesamtzahl der Nutzer stieg auf 232 Millionen, ein Plus von 8,1 % im Jahresvergleich. Die F&E-Investitionen von Lexin erreichten im ersten Quartal 156 Millionen RMB, ein Anstieg von 15,3 % im Jahresvergleich, mit Fokus auf KI-Integration und Verbesserungen im Risikomanagement.
Positive
Non-GAAP EBIT surged 104.7% YoY and 25.3% QoQ to RMB 580 million
Dividend payout ratio increased from 25% to 30% effective H2 2025
Asset quality improved with 5% QoQ decline in early-stage risk metrics and 9% QoQ drop in 90+ day delinquency rate
Total user base grew 8.1% YoY to 232 million
Funding costs decreased by 2.3% QoQ, marking seven consecutive quarters of decline
Profit margin increased by 21% QoQ for fourth consecutive quarter
Negative
Macroeconomic uncertainties and industry shifts pose ongoing challenges
Significant R&D investment of RMB 156 million impacts expenses
Lexin delivered exceptional Q1 2025 results with revenue reaching RMB 3.1 billion and Non-GAAP EBIT surging to RMB 580 million, representing a remarkable 104.7% year-over-year and 25.3% quarter-over-quarter increase. This marks the highest quarterly profit in 13 quarters, demonstrating significant operational resilience despite macroeconomic uncertainties.
The company's asset quality metrics showed substantial improvement, with early-stage risk indicators (FPD7) for new assets declining 5% QoQ, overall delinquency rates dropping 11% QoQ, and 90+ day delinquencies falling 9% QoQ. These improvements indicate the effectiveness of Lexin's dual-driven risk control and data management strategy.
Profitability metrics are equally impressive, with profit margin (net profit/average loan balance) increasing 21% QoQ – the fourth consecutive quarter of improvement. Funding costs decreased 2.3% QoQ, extending a seven-quarter streak of declines, which directly enhances margin potential.
Scale metrics remain robust with Q1 transaction volume at RMB 51.62 billion and managed outstanding loan balance reaching RMB 107.33 billion. The user base grew to 232 million, up 8.1% YoY.
In a significant move for shareholders, Lexin announced an increase in its cash dividend payout ratio from 25% to 30% of total net profit, effective from H2 2025. This marks the second dividend increase in six months, signaling management's confidence in sustainable profitability and commitment to shareholder returns.
The company's strategic investments in technology remain strong, with RMB 156 million invested in R&D in Q1 (15.3% YoY increase). These investments are yielding tangible results through enhanced risk control systems, AI implementation, and improved customer segmentation capabilities, with a 10% improvement in segmentation accuracy and 30% YoY reduction in fraud incidence.
Lexin's multi-business ecosystem shows promising growth across segments: installment retail business recorded transaction volume of RMB 1.126 billion (16.2% QoQ increase), personal consumption credit business improved customer acquisition efficiency, and inclusive finance business optimized risk control while maintaining profitability.
Management's outlook remains positive despite potential macroeconomic volatility, with confidence in achieving significant year-over-year net profit growth for the full year, supported by enhanced capabilities and operational strength.
Lexin's multi-layered risk management improvements have driven significant asset quality gains, reducing delinquencies and fraud while enhancing profitability.
The standout feature of Lexin's Q1 results is the substantial improvement in asset quality metrics, which demonstrates the effectiveness of their comprehensive risk management strategy. The 5% quarter-over-quarter decline in FPD7 (First Payment Default 7) for newly originated assets is particularly significant as this early-stage indicator typically forecasts future portfolio performance. Similarly, the 11% QoQ reduction in overall delinquency rate and 9% QoQ drop in 90+ day delinquencies indicate successful risk mitigation across both new originations and existing portfolios.
Lexin's dual-driven approach combining enhanced risk control with sophisticated data management represents a strategic pivot that's yielding measurable results. The company has implemented a multi-faceted risk management architecture:
First, their upgraded risk control system demonstrates advanced segmentation capabilities, with a 10% improvement in customer segmentation accuracy. This allows for more precise risk-based pricing and credit limit assignment.
Second, the integration of model-based decision-making directly into customer acquisition processes has strengthened their ability to filter prospects effectively at the entry point, reducing downstream risk exposure.
Third, the development of automated tools like "Credit Limit Robot" and "Pricing Robot" enhances decision-making precision while improving operational efficiency.
Fourth, their proactive asset management strategy using automated inspection tools to identify and manage high-risk users through exclusion and credit limit reductions helps contain potential deterioration in the existing portfolio.
Finally, Lexin's multi-dimensional AI-powered anti-fraud model and real-time behavior monitoring system have achieved a 30% year-over-year reduction in fraud incidence, directly protecting the bottom line.
The company's integration of advanced AI models like DeepSeek R1 and QWen3, along with their locally deployed "Singularity" AI model, demonstrates a forward-thinking approach to risk management. The development of an AI Agent system with financial adaptive capabilities using reinforcement learning algorithms for pre-loan strategy generation represents cutting-edge application of technology to risk assessment.
These comprehensive risk management improvements have translated directly to financial outcomes, with profit margin increasing 21% QoQ, marking the fourth consecutive quarter of substantial improvement – clear evidence that better risk management is driving enhanced profitability.
Shenzhen, China, May 22, 2025 (GLOBE NEWSWIRE) -- On May 22, LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading new-consumer digital technology service enabler in China, released its unaudited financial results for the first quarter of 2025. The revenue reached RMB 3.1 billion, while profit (Non-GAAP EBIT) surged to RMB 580 million, up 104.7% year-over-year and 25.3% quarter-over-quarter. Against a backdrop of macroeconomic uncertainties, the Company has demonstrated strong resilience in business operation, achieving its highest quarterly profit in 13 quarters. Lexin’s strategy of dual-driven risk control and data management, along with refined operations, has begun to yield preliminary results.
In terms of asset quality, in Q1, Lexin’s early-stage risk metrics for newly originated assets, FPD7 (First Payment Default 7), declined by 5% quarter-over-quarter. The delinquency rate for overall assets under management dropped by 11% QoQ, while the 90+ day delinquency rate fell by 9% QoQ, reflecting significant improvementsin the quality of both new and existing assets. Regarding financial metrics, the Company’s profit margin (net profit/average loan balance) rose by 21% QoQ, marking the fourth consecutive quarter of substantial improvement.
In terms of funding costs, it decreased by 2.3% QoQ, extending a seven-quarter streak of declines.
Concerning the business scale, Lexin’s transaction volume in Q1 reached RMB 51.62 billion, with managed outstanding loan balance reaching RMB 107.33 billion. The total number of users grew to 232 million, up by 8.1% year-over-year. Despite uncertainties in the business environment, stable scale and strong earnings growth underscored the Company’s operational resilience.
With this stunning business performance, following the previous announcement in last November to raise its cash dividend payout ratio, Lexin has disclosed in its quarterly report that it will further increase dividend payout ratio. Effective from the second half of 2025, the cash dividend payout ratio will increase from 25% to 30% of total net profit. This marks Lexin’s second dividend hike in six months, highlighting its commitment to shareholder returns and long-term confidence in the Company’s growth.
“Amid external uncertainties, including macroeconomic challenges, our strong Q1 performance demonstrates the success of our strategic transformation over the past two years, centered on risk-driven, data-driven, and refined operations. We have now navigated this challenging transformation and embarked on a new phase of high-quality development,” Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, said.
“In the forthcoming quarters, despite challenges such as macroeconomic volatility and industry shifts, we are implicitly confident in achieving significant year-over-year net profit growth for the full year, supported by our enhanced capabilities, unique advantages in multi-business ecosystem, and substantially improved operational strength and resilience,” he added.
Dual-Drive Strategy Fuels Leap in Core Capabilities, Injecting Dynamic Momentum into Performance Growth
The financial report shows that Lexin invested RMB 156 million in R&D in Q1, which marks a 15.3% year-over-year increase, maintaining its position as an industry leader. Powered by the dual-drive strategy of risk control and data management, the company’s underlying capabilities have achieved continuous advancement, driving sustained high-speed performance growth.
Lexin has completed a comprehensive upgrade of its risk control system, achieving high synergy between risk management and business operations. In Q1, the company increased investment in data algorithms, enhancing its ability to identify and differentiate customer segments at various stages, with a 10% improvement in segmentation accuracy. It also conducted deep joint modeling with channel partners, leveraging both third-party and proprietary data to improve model performance. By embedding model-based decision-making into the customer acquisition process, Lexin strengthened its competitiveness in user acquisition. It has also witnessed significant progress in developing intelligent risk control tools, including the development of “Credit Limit Robot” and “Pricing Robot”, which can provide highly tailored offers to users and significantly improve decision-making efficiency and precision. The company has also focused on optimizing the quality of existing assets, employing automated asset inspection tools to manage high-risk users through measures such as exclusion and credit limit reductions. Additionally, Lexin’s multi-dimensional AI-powered anti-fraud model and real-time behavior monitoring system have enabled comprehensive fraud risk surveillance and effective interception, reducing the overall fraud incidence rate by 30% year-over-year. With enhanced risk identification capabilities, key risk indicators are expected to maintain a positive trajectory.
Lexin has been actively engaged in exploring the integration of AI and digital finance, restructuring business processes to establish a full-chain quantitative operation analysis system. In Q1, the company introduced advanced large models such as DeepSeek R1 and QWen3, refining its locally deployed “Singularity” AI model through a “data distillation + domain fine-tuning” framework. Such cutting-edge technologies have already found their way into enhanced R&D efficiency, internal tools, and business empowerment. Furthermore, Lexin developed an AI Agent system equipped with financial adaptive capabilities using reinforcement learning algorithms and financial knowledge distillation, now being tested and applied in the assisted generation of pre-loan strategy to augment policy iteration efficiency. The deep integration of AI across business scenarios supports Lexin’s digital and intelligent development, further refining its capabilities in precision operation.
Synergistic Advantages of Ecosystem Businesses Become Evident, Driving Consumption Growth and Supporting SME Development
In Q1, Lexin’s installment retail business, personal consumption credit business, and inclusive finance business all achieved solid progress. Installment retail business recorded a transaction volume of RMB 1.126 billion, up by 16.2% QoQ. Personal consumption credit business has continued to make progress in refined operation, improving customer acquisition efficiency. In inclusive finance business, Lexin has further optimized risk control strategies for customer acquisition while maintaining profitability. The development of ecosystem businesses and the enhancement of underlying capabilities have strengthened synergies across different business domains, constituting Lexin’s differentiated competitive advantage and contributing to the consumption growth and micro and small business development. Fenqile Mall, Lexin’s installment retail platform, targets high-quality and fast-growing young customers. Through the restructuring of the risk management system, supply chain upgrades, expanded user engagement, and improved consumption experiences, the Mall has registered significant Q1 transaction growth. Also in Q1, precision customer segmentation has been realized to match differentiated e-commerce products and financial services, thus increasing the installment approval rates. Lexin has also enhanced supply chain development. The “Zhenpin Hui” program has introduced first-tier authorized suppliers of premium brands in apparel, esports, and sports, all of which are categories popular among young consumers. Through the “Factory Direct” model, the Mall has further diversified product offerings, now covering 366 sub-industries and nearly 330,000 merchandise items, thus significantly enriching supply chain variety.
In Q1, in the sector of personal consumption credit business, “FlexiLoan” was launched, which is an on-demand credit product aligned with its “Easy Spending, Flexible Liquidity” philosophy, catering to young users’ needs for instant borrowing and longer repayment terms. FlexiLoan, alongside Lexin Gold Card, Lexin Liquidity, and Lexin Huaka, formed a diversified product matrix. By optimizing credit limits, interest rates, and tenures based on segmented customer demands, Lexin has enhanced its offer competitiveness, significantly boosting user retention and engagement.
Lexin’s Fenqile Inclusive Finance, which aims to empower micro and small businesses, actively advances notions of financial inclusiveness and expands into lower-tier cities in Q1. Its risk control approach based on “quantitative + interactive manual review” precisely tailors credit limits for qualified users, balancing risk mitigation with market competitiveness. Under the "Believe in Small Dreams" initiative, the Fenqile Inclusive Finance has deepened penetration in industrial clusters of small and self-employed businesses in lower-tier cities, connecting 150,000 micro and small businesses with approximately RMB 4.3 billion in funding. Over 70% of Q1 transactions originated from fourth-tier cities and below, bridging the last-mile financial service gap for underserved regions.
In the overseas business sector, in Q1, Lexin upgraded its financial products in Mexico and Indonesia, refined its middle-office risk systems, and enhanced its customer acquisition channels. Overseas customer acquisition costs dropped by 19% QoQ, while profitability improved. Leveraging its decade-long fintech expertise in risk control, technology, and back-end systems, Lexin is accelerating its strategic expansion in additional international markets.
Lexin consistently attaches great importance to the protection of consumer rights. In Q1, it deployed new tools such as AI-powered large models to optimize services of user touchpoints, such as App, enterprise WeChat, on-duty customer service, etc. Such tools can promptly address service bottlenecks to earn greater consumer trust. Moving forward, Lexin will continue strengthening its consumer protection capabilities by employing digital and systematic methods to deliver secure and seamless financial experiences for consumers.
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