Lexin(US:LX) Bei Jing Shang Bao·2025-11-24 09:17Core Insights - Lexin reported its Q3 2025 unaudited financial results, with revenue of 3.42 billion yuan and Non-GAAP EBIT of 675 million yuan [2] - The company achieved 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, reflecting a year-on-year increase of 7.7% [2] - Asset quality improved, with the 90+ days delinquency rate decreasing by 15 basis points quarter-on-quarter and 74 basis points year-on-year, indicating continued stability [2] Financial Performance - Revenue for Q3 2025 was 3.42 billion yuan [2] - Non-GAAP EBIT stood at 675 million yuan [2] - The company’s transaction volume reached 50.89 billion yuan [2] - Managed loan balance was reported at 101.84 billion yuan [2] User and Asset Metrics - The user base increased to 240 million, a 7.7% year-on-year growth [2] - The 90+ days delinquency rate improved, with a quarter-on-quarter decrease of 15 basis points and a year-on-year decrease of 74 basis points [2] Shareholder Returns - Dividends for the first half of the year were distributed in Q3, with the announced increase in the second half dividend payout ratio from 25% to 30% [2] - The previously announced share repurchase and increase plan of 60 million USD has been executed for more than half [2] Strategic Outlook - The CEO indicated that with new regulations, the industry is moving towards a healthier and more orderly direction [2] - The company plans to enhance its focus on consumer scenarios, deepen engagement with small and micro customers, and increase investment in financial technology [2] - A unique multi-business ecosystem is expected to gradually reveal differentiated competitive advantages [2]