Key Highlights and Risk Management Measures Revealed in LexinFintech Q1 2024 Earnings Call
Friday, 24 May 2024, 06:45
LexinFintech Q1 2024 Earnings Call Analysis
Key Highlights:
- Total loan origination reached RMB 58 billion, with a 13.5% YoY increase in loan balance.
- Total revenue grew 8.7% YoY to RMB 3.2 billion, with net profit of RMB 202 million.
Future Outlook:
- Risk performance of new assets is showing gradual improvement, while existing loan book risk management requires more time.
- The company expects overall risk performance to improve in the second half of 2024 as new assets increase in the asset structure.
The earnings call highlighted LexinFintech's cautious business strategy amidst a complex economic environment. The company's focus on data-driven risk management and quality growth positions it for future success.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.