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 that senior management plans to purchase up to $10 million worth of the Company’s American depository shares (ADSs) within six months. The purchases are led by various executives including Chairman Jay Wenjie Xiao and CFO Sunny Rui Sun. These transactions may occur in the open market or through private negotiations. The management team expresses confidence in their initiatives aimed at sustainable growth, including developments like Maiya and Le Partners.
LexinFintech Holdings Ltd. (LX) released Q3 2021 financial results, highlighting a 68.5% increase in net income to RMB 581 million and a 54% rise in gross profit to RMB 1,507 million. Despite the challenges, operating revenue stood at RMB 2.97 billion, a slight decline from the previous year. Total loan originations rose 15.6% to RMB 55.8 billion, while the outstanding loans increased 37.8% year-over-year. The 90-day delinquency ratio remained stable at 1.85%.
LexinFintech Holdings Ltd. (NASDAQ: LX) will announce its unaudited financial results for Q3 2021 on November 10, 2021, after U.S. market close. The earnings conference call is scheduled for 8:30 PM ET on the same day. Interested participants can register online to join the call, which will also be available via live and archived webcast on the company's investor relations website. The replay will be accessible until November 17, 2021. Lexin is a prominent online consumption and finance platform in China, established in 2013.
LexinFintech Holdings Ltd. (LX) reported strong Q2 2021 results, with total operating revenue soaring 10.5% to RMB3.3 billion and net income climbing 87.7% to RMB787 million. Active users increased by 24% year-over-year, reaching 8.4 million, while loan originations jumped 47.6% to RMB60.6 billion. However, the company lowered its full-year guidance for loan originations to RMB230 billion due to regulatory changes. Despite challenges, credit quality remained stable with a 90+ day delinquency ratio of 1.85% and a vintage charge-off rate of 3.5%. Lexin emphasizes a focus on asset quality and profitability.
LexinFintech Holdings Ltd. (NASDAQ: LX) will announce its unaudited financial results for Q2 ended June 30, 2021, on August 25, 2021, before the market opens. Management will host an earnings call at 7:00 AM ET on the same day. Interested participants can register online for the call and access a live and archived webcast on the company’s investor relations website. Lexin is a leading online consumption and finance platform in China, offering comprehensive financial services including BNPL and membership benefits through its platforms.
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On July 15, 2021, LexinFintech Holdings Ltd. announced the promotion of Mr. Jayden Yang Qiao to Chief Risk Officer. Mr. Qiao joined Lexin earlier this year as Vice President, where he improved the company's credit risk management. Under his guidance, Lexin has achieved a 40% reduction in its 1+ days past due rate compared to the previous year, bringing it down to 4.92%. Additionally, the recovery rate for bad debts improved by 30%. Mr. Qiao's extensive experience includes roles at JD Digits and Discover Financial Services, showcasing his expertise in risk management.
LexinFintech Holdings Ltd. (NASDAQ: LX) has announced a strategic partnership with Huawei to explore opportunities in the Chinese consumer market. This collaboration will focus on membership services, joint marketing, fintech product development, and buy-now-pay-later services. Lexin aims to leverage its expertise in fintech, while Huawei will contribute its strengths in 5G technology and big data. The partnership is expected to enhance user experiences and broaden service offerings for Chinese consumers.
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