LexinFintech Holdings Ltd. Reports First Quarter Unaudited Financial Results
SHENZHEN, China, May 24, 2023 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended March 31, 2023.
- SHENZHEN, China, May 24, 2023 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended March 31, 2023.
- Net profit margin increased to 11.0% from 4.8% in the first quarter of 2022 and 9.9% in the fourth quarter of 2022.
- The nominal APR5 was 17.1% for the first quarter of 2023, as compared with 14.4% in the first quarter of 2022.
- First Quarter 2023 Financial Highlights:
Total operating revenue was RMB2,983 million, representing an increase of 74.2% from the first quarter of 2022.
Credit facilitation service income was RMB2,116 million, representing an increase of 136% from the first quarter of 2022.