Lexin(US:LX) Ge Long Hui·2025-11-24 06:19Core Viewpoint - Lexin (NASDAQ: LX) demonstrated operational resilience in Q3 2025, achieving a revenue of 3.42 billion yuan and a Non-GAAP EBIT of 675 million yuan, reflecting a 1.5% quarter-over-quarter increase, attributed to its long-term development philosophy and user-centric approach [1][3] Financial Performance - In Q3, the company reported a transaction volume of 50.89 billion yuan and a managed loan balance of 101.84 billion yuan, with a user base of 240 million, marking a year-over-year increase of 7.7% [3] - The overall asset quality improved, with the 90+ delinquency rate decreasing by 15 basis points quarter-over-quarter and 74 basis points year-over-year [3] - The net profit margin increased to 2%, up 9 basis points quarter-over-quarter and 92 basis points year-over-year, showing steady improvement over seven consecutive quarters [3] Shareholder Returns - The company has prioritized shareholder returns, with dividends from the first half of the year already distributed in Q3 and an increase in the dividend payout ratio from 25% to 30% for the second half of the year [3] - A previously announced $60 million share repurchase and increase plan has seen over half of its execution completed [3] Business Ecosystem and Consumer Services - Lexin's ecosystem, including installment e-commerce, personal consumption credit, inclusive finance, and digital technology, has enhanced its collaborative capabilities, driving consumption and serving small and micro enterprises [3][5] - The installment e-commerce platform saw significant growth, with transaction volume increasing by 58.5% quarter-over-quarter and 133.8% year-over-year [5] - The company upgraded its logistics and delivery systems, reducing delivery times by over 20 hours, and improved product quality inspection services [5] Focus on Small and Micro Enterprises - Lexin's inclusive finance service targets small and micro enterprises, covering over 330 counties across 30 provinces, and has upgraded its big data risk control system to better assess risks [7] - The company assisted nearly 160,000 users in obtaining inclusive loans totaling nearly 5 billion yuan, supporting financial access in lower-tier cities [7] Technological Advancements - In Q3, Lexin continued to invest in AI technology, with its self-developed model LexinGPT improving user demand recognition accuracy by over 20% [10] - The AI composite intelligent agent matrix has enhanced operational efficiency, with significant improvements in risk control and customer service response times [11] Industry Recognition - Lexin was recognized as one of the "Top 500 Enterprises in Guangdong" and "Top 100 Private Enterprises in Guangdong" for 2025, being the only fintech company to achieve this [12] - The company received the "Best AI Technology Application in China" award from The Asian Banker for 2025, marking its seventh consecutive year of recognition [12]