Brief: Lexinfintech Holdings Reports Q2 Revenue Of RMB 3.0 Bln

LexinFintech Holdings

18/08/2020 08:23

Aug 18 (Reuters) - Lexinfintech Holdings Ltd  LX.O :
    * REPORTS SECOND QUARTER 2020 UNAUDITED FINANCIAL RESULTS
    * Q2 REVENUE RMB 3.0 BILLION
    * LEXINFINTECH- NUMBER OF ACTIVE USERS WHO USED CO'S LOAN
PRODUCTS
IN Q2 REACHED 6.8 MILLION, AN INCREASE OF 65.8% FROM 4.1 MILLION
IN Q2 OF 2019
    * CO EXPECTS Q3 LOAN ORIGINATIONS TO BE OVER RMB48 BILLION
    * LEXINFINTECH- NUMBER OF NEW ACTIVE USERS WHO USED LOAN
PRODUCTS
IN Q2 WAS 1.4 MILLION, INCREASE OF 12.3% FROM 1.3 MILLION IN Q2
OF 2019.
    * CO REITERATES TOTAL LOAN ORIGINATION GUIDANCE FOR FISCAL
YEAR
2020 TO BE BETWEEN RMB170 BILLION AND RMB180 BILLION
    * LEXINFINTECH- NUMBER OF ORDERS PLACED ON PLATFORM IN Q2
WAS 74.6
MILLION, INCREASE OF 168% FROM 27.8 MILLION IN Q2 OF 2019
    * LEXINFINTECH - TOTAL NUMBER OF REGISTERED USERS REACHED
95.3
MILLION AS OF JUNE 30 2020, INCREASE OF 90.0% FROM 50.2 MILLION
AS OF JUNE 30 2019
    * Q2 GMV OF E-COMMERCE CHANNEL AMOUNTED TO RMB1.4 BILLION,
REPRESENTING A DECREASE OF 27.3% FROM RMB1.9 BILLION IN Q2 2019
    * QTRLY NET INCOME WAS RMB419 MILLION, REPRESENTING A
DECREASE OF
33.3% FROM Q2 OF 2019
    * QTRLY ADJUSTED NET INCOME WAS RMB453 MILLION
    * QTRLY NET INCOME PER ADS  RMB2.10
    * QTRLY NET INCOME PER ORDINARY SHARE RMB1.05

Source text for Eikon:  ID:nGNX4CypVZ 
Further company coverage:  LX.O 

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