（来源：衡水日报） 转自：衡水日报 业绩持续高增，盈利韧性领跑行业 普惠金融领域持续发力，"相信微小梦想" 计划已广泛覆盖全国 30 个省市自治区的县域市场，上半年链 接贷款金额超 90 亿元，低线地区占比超 68%。通过联合建模与数据协同，有效降低小微企业融资门 槛，贷款综合成本较去年实现合理下降。海外业务稳步推进，已完成墨西哥和印尼两个市场的金融产品 升级改造，为后续国际化布局奠定基础。 消保体系迭代升级，数智守护权益安全 乐信升级 "预见式" 消保体系，上半年新增多项数智化保护工具，服务响应率提升至 99.2%。智能反欺 诈系统实现跨场景风险识别，月均拦截大量异常交易，资金损失率控制在极低水平，累计帮助数万名用 户完成信用修复。"智鸟" 智能客服融入情绪分析与需求预判功能，用户满意度稳定在较高水平，上半 年关怀帮扶覆盖超 10 万人次。 合规建设持续深化，上线隐私合规自动化巡检系统，实现全业务场景合规监测；线下普惠业务全面应用 标准化合规流程，贷后监督覆盖率达到 100%。截至 2025 年 6 月，公司数据防护体系保持安全稳定运 行，通过多项合规评估，为用户提供安全可靠的金融消费环境。 AI 技术重塑 ...

LexinFintech Holdings (NASDAQ: LX ) has established itself as one of the leading Chinese fintech companies providing consumer financial services. The company's platform, "Fenqile" provides consumers with installment-based loans, pretty similar to how BNPL contracts work.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opin ...

Core Viewpoint - The article highlights the challenges faced by small and micro enterprises in rural areas, particularly in securing financing, and how innovative financial solutions like those offered by Fenqi Le Puhui are addressing these issues through technology and localized services [1][6][7]. Financing Challenges - Small micro enterprises, such as grape growers in Lingbi County, face significant funding challenges due to high operational costs, including labor, land rental, and agricultural inputs [3][6]. - Traditional banking processes for agricultural loans are lengthy and cumbersome, often taking a month or more, which is not suitable for time-sensitive agricultural activities [3][6]. Innovative Financial Solutions - Fenqi Le Puhui utilizes a "technology + scenario" approach to enhance financial accessibility for small enterprises by integrating various data sources and conducting on-site verifications [1][7]. - The company has developed a risk identification system that leverages industry-specific data to create detailed profiles of potential borrowers, improving the efficiency of loan approvals [7][8]. Localized Service Model - Fenqi Le Puhui operates through a network of local branches, providing tailored financial services that cater to the unique needs of rural businesses, thus overcoming traditional geographical limitations in financial services [9][10]. - The company has established a presence in over 30 provinces with more than 2,000 direct sales teams, enhancing its ability to serve small enterprises effectively [9]. Economic Impact - The grape industry in Lingbi County is a vital source of income, with a total planting area of over 7,000 acres and an estimated output value of around 350 million yuan [6]. - Despite challenges, grape growers like Wang Yu are experiencing significant harvests, with potential revenues of 400,000 to 500,000 yuan this year, although prices are lower than previous years [4][6].

农户的葡萄种植园 本报（chinatimes.net.cn）记者付乐 安徽省灵璧县摄影报道 近百亩的葡萄种植园，小小的玉石店……无数小微、小小微、个体工商户，组成了产值几十亿、数百亿 元的地方支柱产业。 "我们光工资支出一天就好几千元，再加上土地流转费、肥料农药等，东挪西凑后，资金还是差一大 截。"安徽省灵璧县葡萄种植户汪郁对《华夏时报》记者表示，从申请到放款，短短十来分钟，20万元 贷款就到账了。 传统风控依赖硬指标，以分期乐普惠为代表的行业机构，正以"科技+场景"破局，通过整合多方数据、 开展融合建模与线下核验，精准识别需求与定价，扩大普惠金融服务范围，为县域小微企业打通融资通 路。 小葡萄里的大产业 秋凉漫进皖北的时候，雨总来得绵密。 清晨7点，记者一行人来到安徽省灵璧县下楼镇。这里的田野被雨丝织成半透明的网，一片片葡萄架在 雨里静立着，空气中混着葡萄的香气，这是皖北秋天最实在的滋味。 汪郁每走几步就停下来，伸手拨开挂在藤蔓上的蓝膜袋，袋子里裹着的"阳光玫瑰"已染上浅琥珀色。这 些葡萄陆陆续续走进盒马鲜生、百果园等全国各地商超的货架，汪郁也随之迎来今年的大丰收。 "刚开始家里的葡萄园只有十来亩，全靠父母 ...

Group 1: Core Business and Market Position - The core business segment of Lexin Group, Fenqile, has established a differentiated competitive advantage in the consumer finance sector through its "scenario + installment" model [1] - As of the end of Q2 2025, the inclusive business initiative "Believe in Small Dreams" has served over 4 million users, with over 70% of users from lower-tier cities, demonstrating its role in supporting the real economy [1] Group 2: Target Audience and Consumer Experience - Fenqile Mall focuses on the consumption needs of the post-95 generation, offering innovative services such as the "Zhenpin Hui" quality brand section and a factory-direct supply model [2] - The platform has obtained the highest-level authorization from well-known domestic and international brands in high-frequency categories like beauty and 3C, creating a trust loop among brands, platforms, and users [2] - The scenario-based solutions provided by Fenqile effectively lower purchase barriers and enhance consumption flexibility for young consumers [2] Group 3: Technological Advancements and Risk Control - Fenqile's inclusive business has optimized the entire process with online precise risk control, on-site services, and the fastest loan disbursement in 1 minute, driven by Lexin Group's self-developed "Singularity" AI model [3] - The AI model has been deeply applied in research efficiency, internal tools, and business empowerment scenarios, with plans to expand from 50 to over 100 AI intelligent positions by the end of the year [3] - This technological empowerment has transformed the traditional "people find funds" model into an intelligent matching system of "funds find people," supporting the growth of individuals and small enterprises [3] Group 4: Commitment to Social Responsibility and Future Outlook - Fenqile adheres to a user-centric philosophy, covering diverse needs such as personal consumption and small business financing, serving over 200 million high-quality growth customers [4] - Lexin Group has been recognized six times in the "Top 500 Service Enterprises in China," highlighting its benchmark value in promoting consumption growth and serving the real economy [4] - Looking ahead, Fenqile aims to deepen technological research and enhance the application of the "Singularity" AI model and intelligent agent matrix to create a safer and more efficient consumer finance ecosystem [4]

Core Viewpoint - Chinese internet financial companies are accelerating their overseas expansion in credit business, particularly in markets like Mexico and Indonesia, driven by high credit demand and favorable regulatory environments [1][4][11]. Group 1: Market Opportunities - Companies like Xinyi Technology and Lexin have already established overseas credit operations, with Xinyi's international business transaction volume exceeding 3.2 billion yuan, a 39% year-on-year increase [5]. - The overseas markets of Indonesia and Mexico are attractive due to their large populations and high credit demand, with Indonesia's population at 271 million and Mexico's at 128 million [10][11]. - The financial services landscape in these countries shows a significant gap in banking services, leading to a high demand for internet credit [12]. Group 2: Business Performance - Xinyi Technology reported that as of June 30, 2025, it had 42.8 million registered users in international markets, a 47.1% increase year-on-year, and an outstanding loan balance of 2.1 billion yuan, up 50% [5]. - Lexin's overseas customer acquisition cost decreased by 19% quarter-on-quarter, indicating improved operational efficiency [5]. - JiaYin Technology highlighted a 200% year-on-year increase in loan amounts in Indonesia, showcasing strong growth in overseas partnerships [6]. Group 3: Competitive Landscape - The competition in overseas markets is intensifying, with local financial institutions and other Chinese companies vying for market share [22][24]. - Chinese companies leverage their digital capabilities to offer faster and more efficient loan processes compared to local players, which often have cumbersome procedures [23][24]. - The bad debt rate in overseas markets is significantly higher than in China, with rates around 13%-14% compared to Xinyi's 1.92% and Lexin's 3.1% [20][21]. Group 4: Strategic Directions - Companies are focusing on obtaining local financial licenses as a critical step for market entry, with varying levels of difficulty across countries [14][15]. - The trend of overseas expansion is expected to continue, with companies like Xinyi aiming for international business to account for 50% of their revenue by 2030 [9]. - Emerging markets remain a key focus, with companies exploring opportunities in regions like South America and the Middle East [26].

LexinFintech Holdings Ltd. (NASDAQ:LX) is among the best stocks with the highest upside potential. According to the recent disclosure with the Securities and Exchange Commission, Nomura Holdings Inc. has increased its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by a whopping 437.7% during the first quarter. Following the addition of 414,749 shares, the firm now owns 509,512 shares of the company’s stock, valued at $5,141,000. With the rise in BNPL services, the outlook looks overwhelmingly positive ...

9月11日，来自13个国家、30位海外知名银行家来到乐信深圳总部交流调研。乐信副总裁薛锴、AI技术 总监Dustin向参访团讲解乐信在AI方面的创新实践，并进行了深度交流。 乐信海外业务的快速发展同样得到了参访团的重点关注。凭借集团累积十余年的风控、技术和中后台等 金融科技能力，乐信海外市场目前已在墨西哥、印尼等国家实现快速发展。"未来我们将继续拓展更多 国家和地区，为消费者打造普惠、便捷的金融服务。"乐信副总裁薛锴表示。 多位参访的海外银行家表示，此次参访不仅对乐信的科技创新与业务模式有了更深入的了解，也切实体 会到中国金融科技在全球市场上的竞争力，期待未来能与乐信达成进一步的具体合作。 随着中国企业加速拓展海外市场，其领先的科技能力正在全球范围内引发广泛关注。此次参访由《亚洲 银行家》杂志组织，核心行程就是重点探访中国AI技术领先的代表性企业。除乐信外，海外银行家们 还先后参访了华为、抖音、浦发银行、蚂蚁集团、微众银行、众安保险等知名企业。 参访中，一众海外银行家对乐信的"复合智能体矩阵"高度关注，现场多次对中国企业在AI领域的亮眼成 绩表达高度认可。乐信"复合智能体矩阵"是公司基于多个AI智能体打造的能 ...

Core Viewpoint - The leading lending platforms have shown significant growth in Q2, with a focus on adapting to the upcoming regulatory changes in the lending industry, which are expected to accelerate industry consolidation and enhance risk control and consumer protection requirements [1][2][3]. Overall Performance Growth - The top three platforms, Qifu Technology, Lexin, and Xinye Technology, reported loan balances of 140.08 billion, 105.78 billion, and 75.4 billion RMB respectively, with year-on-year growth rates of 13.4%, -8.1%, and 17.4% [2]. - Lexin achieved a net profit of 510 million RMB in Q2, a 126% increase year-on-year, while Qifu Technology and Xinye Technology reported revenues of 5.216 billion and 3.578 billion RMB, reflecting year-on-year growth of 25.38% and 12.94% respectively [2]. - Qifu Technology's net profit attributable to ordinary shareholders reached 1.734 billion RMB, up 25.6% year-on-year, and Xinye Technology's net profit was 751.3 million RMB, a 36.35% increase [2]. Changes in Business Models - The business structure of platforms has shifted, with a decrease in loan volume under the light capital model due to the upcoming regulatory changes, leading to increased funding costs for both light and heavy capital models [4][5]. - Lexin reported a decrease in the light capital model's share of GMV from 27% in Q1 to 20% in Q2, while the heavy capital model's share increased from 73% to 80% [4]. - Qifu Technology's total loan volume reached 84.609 billion RMB, a 16.1% increase year-on-year, but a 4.8% decrease from the previous quarter, with light capital loans accounting for 41.4% of the total [5]. New Growth Opportunities - Platforms are actively seeking new growth points outside traditional loan facilitation, with Xinye Technology reporting international market revenue of 1.5072 billion RMB in H1 2025, a 30.2% year-on-year increase [7]. - Lexin's credit facilitation service revenue was 2.27 billion RMB, down 15.0% year-on-year, while technology-enabled service revenue grew by 55.3% to 830 million RMB [8]. - Qifu Technology emphasizes AI-driven financial technology as its core growth potential, with its subsidiary achieving a 150% year-on-year growth in business scale [8]. Industry Trends - The industry is expected to focus on three main directions: deepening scenario finance, enhancing small and micro finance services using AI models, and strengthening data asset operations to improve risk control accuracy [8][9]. - The upcoming regulatory changes are anticipated to accelerate industry consolidation, favoring platforms with strong compliance capabilities and high technological barriers [9].

Core Insights - Lexin (LX) opened with a 2.13% increase, trading at $6.70 per share, with a total market capitalization of $1.127 billion as of August 22 [1] - As of June 30, 2025, Lexin reported total revenue of 6.692 billion RMB, a year-on-year decrease of 2.78%, while net profit attributable to shareholders reached 942 million RMB, reflecting a significant year-on-year increase of 119.95% [1] Company Overview - Lexin Holdings Ltd. is a leading new consumption service platform in China, focusing on technological innovation to create new consumption methods [1] - The company has developed a new consumption service ecosystem centered around its installment consumption brand Fenqile and membership-based service brand Lekar, aimed at enhancing consumer experience and business value [1] Business Segments - Lexin's main business segments include: - Fenqile Mall, a quality installment shopping platform - Lekar APP, a membership-based consumption service platform - Dingsheng Technology, a financial technology open platform - Juzi Finance, a network lending information intermediary service platform - Lexin Wealth, a wealth management service brand targeting the new middle class [1]