LexinFintech Holdings Ltd. Reports Unaudited Financial Results for the Second Quarter of 2024

SHENZHEN, China, Aug. 27, 2024 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-driven provider of personal financial services in China, today announced unaudited financial results for the quarter ended June 30, 2024.

“We achieved a healthy set of operational and financial results with improved risk performance for new loans, increased net profit compared to Q1 2024, and controlled lending in Q2 2024,” said Jay Wenjie Xiao, Chairman and CEO of Lexin. “Total lending for the second quarter reached RMB 51.1 billion, down 12% quarter-on-quarter. Nevertheless, both total operating revenue and net profit grew 12% compared to Q1 2024, despite continued weak consumer demand and a weak credit environment.”