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 Ltd. (NASDAQ: LX) is set to announce its unaudited financial results for Q3 2022 on November 16, 2022. The earnings call will begin at 8:30 PM ET, with registration required for participants. Lexin is recognized as a significant online and offline consumption platform in China, connecting consumers and small enterprises with funding partners. Established in 2013, it leverages technological capabilities and partnerships with financial institutions. For more information, visit their investor relations website.
LexinFintech Holdings Ltd. (LX) reported a 40.9% quarter-over-quarter increase in operating revenue, totaling RMB2,413 million, despite a 26.2% decline compared to the prior year. Loan origination reached RMB49.1 billion, marking a 13.9% growth. Net profit surged 105.5% quarter-over-quarter, yet dropped 79% year-over-year to RMB165 million. Registered users grew to 178 million, a 23.5% increase. However, active users declined by 27.6%. The company maintains a focus on technology investment and enhancing operational efficiencies.
LexinFintech Holdings Ltd. (NASDAQ: LX) will announce its Q2 2022 financial results on August 16, 2022, at 9:30 PM U.S. Eastern time. The earnings call will take place the following day at 9:30 AM in Beijing/Hong Kong.
The company has established itself as a leading online and offline consumption platform in China, connecting consumers and small enterprises with funding partners. Details for participating in the earnings call are available on their website.
LexinFintech Holdings Ltd. (LX) reported Q1 2022 results, showing total operating revenue of RMB1,712 million, a decline of 41.8% from Q1 2021. The number of registered users grew to 171 million, but active users decreased by 30.7% to 5.7 million. Loan originations fell by 19.8%, totaling RMB43.2 billion, while net income dropped 89.0% to RMB78.1 million. The gross profit also decreased significantly, down 66.3% from the prior year. The company continues to expand its services for small businesses, with loan originations reaching RMB4.2 billion.
LexinFintech Holdings Ltd. (NASDAQ: LX) will report its unaudited financial results for Q1 2022 on May 30, 2022. The earnings conference call is scheduled for 9:30 PM ET on the same day, with a live webcast available on the company's investor relations website. Participants must register online to join the call. Lexin is known as a leading consumption platform in China, connecting consumers and small enterprises with financial institutions since its establishment in 2013.
LexinFintech Holdings Ltd. (NASDAQ: LX) announced its provisional identification by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA) on May 4, 2022. This follows its Form 20-F filing for the fiscal year ended December 31, 2021. The SEC's determination stems from the company's use of an accounting firm whose working papers cannot be fully inspected by the PCAOB. Lexin is actively seeking solutions to maintain compliance and protect stakeholders while striving to remain listed on the Nasdaq.
LexinFintech Holdings Ltd. (NASDAQ: LX) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 29, 2022. Investors can access the report on the company's investor relations website. Lexin is recognized as a prominent online and offline consumption platform in China, established in 2013, leveraging technological capabilities to connect consumers and small enterprises with funding partners. The company offers free hard copies of its audited financial statements to shareholders upon request.
LexinFintech Holdings Ltd. (NASDAQ: LX) announced a share repurchase program allowing for the buyback of up to US$50 million in shares over the next twelve months. This initiative reflects the Company's confidence in its business fundamentals and growth prospects. The repurchases may occur through various means such as open market transactions and block trades, contingent on market conditions. Lexin plans to fund this program using its existing cash balance.
LexinFintech Holdings Ltd. (LX) reported its unaudited financial results for Q4 and full year 2021, with net income surging 292% year-over-year to RMB2,334 million. Despite significant challenges, the company achieved a 15.6% reduction in operating expenses and a record loan origination level. However, Q4 results revealed a 27.5% decline in total operating revenue, attributed to decreased credit-oriented services and platform-based services income. The total loan originations decreased by 18.1% in Q4, hinting at potential challenges in user engagement, with active users dropping by 23.8% from the previous year.
LexinFintech Holdings Ltd. (NASDAQ: LX) will release its unaudited financial results for Q4 and the full year ending December 31, 2021, on March 15, 2022, after U.S. market hours. Management will conduct an earnings conference call at 9:30 P.M. Eastern Time on the same day. Interested participants should register online to receive dial-in details.
Lexin is a prominent online consumption and finance platform in China, focusing on connecting consumers with financial institutions through advanced technology.
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