Welcome to our dedicated page for Lexinfintch Hold news (Ticker: LX), a resource for investors and traders seeking the latest updates and insights on Lexinfintch Hold stock.
LexinFintech Holdings Ltd. (NASDAQ: LX) is a credit technology‑empowered personal and consumer financial service enabler in China, and this page aggregates news and announcements related to the company. Lexin’s releases cover its role as an online consumer finance platform, its use of big data and AI‑driven credit risk management, and its efforts to connect young generation consumers with financial institutions through online and offline channels and an installment consumption platform.
Readers can expect news items that include unaudited quarterly and annual financial results, where the company reports operating revenue, net income, loan originations, credit performance metrics, and the composition of its income from credit facilitation services, tech‑empowerment services, and installment e‑commerce platform services. These releases also discuss trends in user base growth, active users of loan products, cumulative borrowers, and outstanding principal balances of loans facilitated on its platform.
Lexin’s news flow also features updates on its risk management and technology initiatives, such as upgrades to its risk control system, deployment of AI‑powered models, and development of tools like its Intelligent Credit Platform on the "Fenqile" app. In addition, the company issues announcements on corporate actions, including changes to its dividend payout policy, semi‑annual dividend declarations, and authorization of share repurchase programs, as well as management commentary on business outlook and operating strategy.
Investors and observers following LX news can use this page to review Lexin’s earnings releases, conference call notices, and other official communications filed or referenced in Form 6‑K reports. Regularly reviewing these updates helps build an understanding of how the company presents its financial performance, risk profile, technology development, and capital return decisions over time.
LexinFintech Holdings (NASDAQ: LX) announced it will release its unaudited financial results for the third quarter ended September 30, 2024, after U.S. market closes on November 25, 2024. The company will host an earnings conference call at 9:00 PM U.S. Eastern time on November 25 (10:00 AM Beijing/Hong Kong time on November 26). LexinFintech is a credit technology-empowered consumer financial service enabler in China, focusing on making financing accessible to young generation consumers through its technology and risk management expertise.
LexinFintech Holdings (NASDAQ: LX) reported its Q2 2024 unaudited financial results. Total operating revenue reached RMB3.6 billion, up 19.1% YoY and 12.3% QoQ. Net profit was RMB227 million, a 12.4% increase from Q1 2024. Total loan origination was RMB51.1 billion, down 12% QoQ. The company achieved record-low funding costs and saw rapid growth in its overseas business. Risk performance showed early signs of improvement. LexinFintech declared a cash dividend of US$0.072 per ADS for H1 2024.
Key metrics:
- Registered users: 219 million, up 10.2% YoY
- Active users: 4.2 million, down 16.4% YoY
- Total outstanding loan balance: RMB115 billion, up 0.9% YoY
- 90-day+ delinquency ratio: 3.7%
- Credit facilitation service income: RMB2,669 million, up 24.9% YoY
- Tech-empowerment service income: RMB535 million, up 36.5% YoY
LexinFintech Holdings (NASDAQ: LX), a leading credit technology-empowered consumer financial service enabler in China, has announced it will report its unaudited financial results for the second quarter ended June 30, 2024, after the U.S. market closes on Tuesday, August 27, 2024. The company will host an earnings conference call at 10:00 PM U.S. Eastern time on the same day. Participants can register online to join the call and will receive dial-in details upon registration. A live and archived webcast of the conference call will be available on the company's investor relations website.
LexinFintech Holdings (NASDAQ: LX) reported its unaudited financial results for Q1 2024. Total loan origination was RMB58.0 billion, a 4.8% year-over-year decrease. However, the outstanding loan balance increased by 13.5% to RMB122 billion. Total operating revenue rose by 8.7% to RMB3.2 billion, while net profit was RMB202 million, a 38.4% decline from the previous year. Despite lower loan origination, asset quality improved, and funding costs reached a record low. The number of registered users grew by 10.8% to 215 million, though active users decreased by 10.8% to 4.5 million. The company maintained a conservative outlook, focusing on risk management and operational efficiency.
LexinFintech Holdings (NASDAQ: LX) will report its Q1 2024 unaudited financial results on May 23, 2024, after U.S. market close. The company's management will host an earnings conference call at 10:00 PM U.S. Eastern time on the same day, which corresponds to 10:00 AM Beijing time on May 24, 2024. The call will provide insights into their financial performance and strategic initiatives. Participants must register online to obtain dial-in details and a unique access PIN for the call. An archived webcast will be accessible on the company's investor relations website.
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