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.
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LexinFintech Holdings Ltd. (NASDAQ: LX) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on April 26, 2023. The report is accessible on the investor relations website. Shareholders and ADS holders can request a hard copy of the annual report, which includes audited consolidated financial statements, at no charge. Lexin aims to utilize technology and risk management to enhance financing accessibility for younger consumers in China, connecting them with financial institutions through a mix of online and offline channels.
LexinFintech Holdings Ltd. (NASDAQ: LX) reported Q4 2022 financial results, showing total loan origination of RMB56.1 billion, a 28.8% year-over-year increase. The total outstanding loan balance reached RMB99.6 billion, up 15.9% year-over-year. Q4 operating revenue rose to RMB3.1 billion, a 38.7% increase from Q4 2021, with net profit at approximately RMB301 million, reflecting a 17.9% year-over-year growth. Despite these positive results, active users using loan products decreased by 15.3% year-over-year. The company expects loan originations in Q1 2023 to be around RMB60 billion, signaling a 39% year-over-year growth outlook.
LexinFintech Holdings Ltd. (NASDAQ: LX) will release its unaudited financial results for Q4 and FY 2022 after market close on March 13, 2023. The earnings conference call is set for 9:30 PM EST the same day, with a registration link provided for participants. The company, based in Shenzhen, focuses on technology-driven personal financial services, aiming to connect consumers with financial institutions. Lexin aims to enhance financing accessibility for younger generations through a blend of online and offline channels, big data, and AI-based risk management solutions.
The latest report on the China Buy Now Pay Later (BNPL) market highlights a robust growth forecast, estimating that BNPL payments will reach
LexinFintech Holdings Ltd. (NASDAQ: LX) announced the resignations of CFO Sunny Rui Sun and Chief Financing Cooperation Officer Kris Qian Qiao, effective December 30, 2022, for personal reasons. The company appointed James Xigui Zheng as the new CFO and director, starting January 1, 2023. Zheng brings extensive experience from previous roles at Lufax and eBay, which is expected to enhance Lexin's leadership in consumer finance.
LexinFintech Holdings Ltd. (LX) reported its Q3 2022 financial results, revealing total loan originations of approximately RMB56.2 billion, exceeding expectations. Operating revenue decreased by 9.4% to RMB2,690 million, while net income fell by 52.5% to RMB275 million. Despite a decline in active users, the user base rose to 184 million. Revenue from new consumption-driven services increased by 31.3%. The company authorized a new share repurchase program of up to US$20 million. Management remains focused on prudent development amid market uncertainties.
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