Lexin(US:LX) Hua Xia Shi Bao·2025-10-13 07:26Core Insights - The grape farming industry in Lingbi County, Anhui Province, has become a significant local economic pillar, generating billions in output value through numerous small and micro enterprises [2][9] - The financing challenges faced by small farmers like Wang Yu highlight the need for innovative financial solutions to support agricultural growth [5][10] - Fintech platforms like Fenqi Le Puhui are addressing the financing gap for small enterprises by leveraging technology and localized services to streamline loan approval processes [11][16] Group 1: Industry Overview - The grape planting area in Xiaolou Town, Lingbi County, exceeds 7,000 acres, with a total output value of approximately 350 million yuan [9] - The grape industry serves as a vital channel for income generation and reflects the broader economic landscape of county-level economies in China [9] Group 2: Financing Challenges - Farmers face significant financial constraints, with annual funding needs reaching several million yuan, primarily due to high labor costs and operational expenses [5][10] - Traditional banking processes are often slow and cumbersome, leading farmers to seek alternative financing options [6][10] Group 3: Innovative Financial Solutions - Fenqi Le Puhui utilizes a "technology + scenario" approach to enhance financial accessibility for small enterprises, integrating various data sources for better risk assessment [2][13] - The platform has established a localized service model, with over 2,000 direct customer acquisition teams across 30 provinces, effectively addressing the "last mile" of financial service delivery [16] - By employing advanced data modeling and automation, Fenqi Le Puhui aims to improve loan approval rates while minimizing risks, thus expanding its customer base [14][16]