Lexin(US:LX) 智通财经网·2025-07-04 02:14Core Viewpoint - The stock price of Lexin (LX.US) increased by 5.01% to $7.33, driven by a surge in the U.S. stock market and a joint announcement from six Chinese government departments to promote consumer finance [1][3]. Group 1: Market Performance - Lexin's stock rose by 0.95% in after-hours trading, reaching $7.40 [2]. - The U.S. stock market saw significant gains, with the S&P 500 up 0.83%, the Nasdaq up 1.02%, and the Dow Jones increasing by 344.11 points (0.77%) [2]. - The S&P 500 index achieved its seventh historical closing high of the year, while the Nasdaq reached its fourth closing high [2]. Group 2: Government Support and Financial Sector Impact - A joint document from six Chinese departments, including the People's Bank of China, was issued to support consumer finance, outlining directions for financial support to boost consumption [3]. - The document aims to create a multi-tiered financial service system to enhance consumption supply and demand, which is a significant positive for internet finance companies [3]. - The Chinese government has repeatedly expressed support for the development of financial technology platforms, emphasizing the importance of consumer finance in connecting financial resources with consumer demand [3]. Group 3: Company Performance and Recognition - Lexin has been recognized by The Asian Banker as the "Best AI Technology Company" in China, marking the seventh consecutive year it has received this prestigious award [4]. - The company's stock has increased by 300% compared to its low point in the past year, with several major brokerages raising their target price for Lexin, including UBS, which set a target of $13.6 [4]. - In Q1 2025, Lexin reported a GAAP net profit of 430 million yuan, a year-on-year increase of 113.4%, with a take rate of 1.58%, up from 1.31% in Q4 2024 [4].