LeXin's net profit for the second quarter was 227 million yuan, a year-on-year decrease of over 36%, and revenue increased by over 19%
夫星特九
发表于 2024-8-28 16:45:45
1250
0
0
On August 28th Beijing time, LeXin (NASDAQ: LX) released unaudited financial results for the second quarter of 2024, which showed that the company achieved a revenue of 3.641 billion yuan in the second quarter of this year, a year-on-year increase of 19.14%; Realize a net profit of 227 million yuan attributable to ordinary shareholders of the company, a year-on-year decrease of 36.32%; The adjusted net profit attributable to common shareholders was 250 million yuan, a year-on-year decrease of 39%.
In the first half of this year, Lexin achieved a revenue of 6.883 billion yuan, a year-on-year increase of 13.98%; The net profit attributable to the ordinary shareholders of the company was 428 million yuan, a year-on-year decrease of 37.33%; The adjusted net profit attributable to common shareholders was 480 million yuan, a year-on-year decrease of 38.83%.
As of the end of June, Lexin facilitated a loan amount of 51.1 billion yuan, a year-on-year decrease of 20.1%; At the end of the quarter, the balance of loans under management was 115.2 billion yuan, a slight increase of 0.96% year-on-year; The number of registered users reached 220 million, a year-on-year increase of 10.2%; The cumulative number of users with approved credit limits is 43.3 million, a year-on-year increase of 5.8%.
In the second quarter of this year, the number of active users using Lexin loan products was 4.2 million, a year-on-year decrease of 16.4%; The number of new active users using loan products was 400000, a year-on-year decrease of 49.3%. As of the end of June, the cumulative number of borrowers was 32.5 million, an increase of 6.8% compared to the end of June last year.
In terms of asset quality, as of the end of June, Lexin's overdue rate of over 90 days was 3.7%, an increase from 3% at the end of the first quarter; The first-time delinquency rate (30 days+) for newly issued loans is less than 1%.
Xiao Wenjie, Chairman and CEO of Lexin, stated that despite weak consumer demand and credit environment, the company's revenue and net profit have both increased compared to the end of the first quarter. Some risk indicators have shown quarterly fluctuations, but more indicators are showing signs of improvement, thanks to the control of loan disbursement and the improvement of risk control capabilities in the past period.
In terms of dividend distribution, Lexin stated that it will continue its policy of distributing dividends twice a year. This time, cash dividends will be distributed at a rate of $0.036 per ordinary share or $0.072 per American Depositary Share, which is approximately 20% of the net profit for the first half of 2024. It is expected to be distributed on October 18, 2024.
In terms of revenue, in the second quarter of this year, Lexin's credit facilitation service revenue was 2.669 billion yuan, a year-on-year increase of 24.9%; The revenue from technology enabled services was 535 million yuan, a year-on-year increase of 36.5%; The revenue from installment e-commerce platform services was 437 million yuan, a year-on-year decrease of 17%.
In terms of credit facilitation service revenue, credit oriented loan facilitation and service fee revenue amounted to 1.433 billion yuan, a year-on-year increase of 51.5%, mainly due to better control over early repayment behavior; The guarantee income was 722 million yuan, a year-on-year increase of 17%; The financing income was 513 million yuan, a year-on-year decrease of 10.6%.
LeXin stated that in the second quarter, LeXin's inclusive business provided nearly 4.4 billion yuan in loans to various customer groups, and the transaction volume of scenario e-commerce products increased by over 10% year-on-year. The sustainable development of ecological business not only drives consumption growth, but also assists the development of small and micro enterprises.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Both 1-year and 5-year LPR have decreased by 25 basis points; 39.25% equity of Happiness Consumer Finance will be auctioned off; Ctrip's net profit in the first three quarters exceeded that of last year by 15 times | Consumer Finance Reference
- Ford's revenue for the third quarter of this year was $46 billion, a year-on-year increase of 5%
- AMD's adjusted earnings per share for the third quarter met expectations, but its revenue outlook for the fourth quarter was not satisfactory
- Google's third quarter net profit increases by 30%: AI boom boosts cloud business revenue by 35%, but advertising growth slows down
- AMD expects GPU sales to exceed $5 billion this year: Q4 revenue guidance falls short of expectations, market worries about AI demand
- Microsoft's first quarter revenue exceeded expectations
- JinkoSolar expects to ship 90GW-100GW for the whole year, with a month on month increase in non recurring net profit in the third quarter
- Revenue and profit both decline, who is eating Nike's market
- Intel falls, AMD eats its fill! Wall Street predicts a significant decline in Intel's Q3 revenue
- Q4 revenue guidance falls short of expectations, Ideal US stock drops by over 13%, Li Xiang can still receive over 600 million yuan in equity incentives
-
苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。 郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
- uturn
- 前天 14:42
- 支持
- 反对
- 回复
- 收藏
-
10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
- yxtianyouyou
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
- blueskybb
- 昨天 09:27
- 支持
- 反对
- 回复
- 收藏
-
近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
- llyyy2008
- 昨天 11:01
- 支持
- 反对
- 回复
- 收藏