Lexinfintech Holdings Ltd
NASDAQ:LX
Lexinfintech Holdings Ltd
Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2017-12-21. The firm is primarily engaged in providing online direct sales services and online consumer finance services. The firm's online consumer finance platform, Fenqile, offers customers personal installment loans, installment purchase loans and other loan products. Through its online investment platform, Juzi Licai, the Company matches funding from individual investors with customer loans. The firm also offers Le Card credit line to its customers. The firm serves the credit needs of the customers aged between 18 and 36 in China.
Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2017-12-21. The firm is primarily engaged in providing online direct sales services and online consumer finance services. The firm's online consumer finance platform, Fenqile, offers customers personal installment loans, installment purchase loans and other loan products. Through its online investment platform, Juzi Licai, the Company matches funding from individual investors with customer loans. The firm also offers Le Card credit line to its customers. The firm serves the credit needs of the customers aged between 18 and 36 in China.
Solid Q3 Profit: Net profit reached RMB 521 million, up 2% quarter-over-quarter and 68% year-over-year, marking a 15-quarter high.
Regulatory Transition: The company completed business adjustments to comply with new loan regulations, ceasing loans with APR above 24% as of October 1.
Loan Volume: Loan volume was RMB 50.89 billion, with a modest 3.7% decline quarter-over-quarter due to regulatory changes.
Risk Management: Enhanced risk controls helped manage increased industry risk; early signs of stabilization in loan book despite tighter industry liquidity.
E-Commerce Growth: E-commerce GMV increased 38% year-over-year, with daily goods GMV up 237%, though reported e-commerce revenue fell due to business model shift.
Dividend & Buyback: Dividend payout ratio increased from 25% to 30% of net profit; both company and CEO share repurchases are more than halfway completed.
Q4 Outlook: Management expects moderate declines in loan volume and net profit in Q4 due to ongoing risk volatility but maintains full-year 2025 net profit will grow significantly year-over-year.
