Fintech Holdings Announces 2024 Year-End Financial Performance

Tuesday 18th of March 2025 22:00:00

Lexin Fintech Holdings Ltd Reports Fourth Quarter and Full Year 2024 Unaudated Financial Results

SHENZHEN, China, March 18, 2025 (GLOBE NEWSWIRE) -- Lexin Fintech Holdings Ltd ("Lexin" or the "Company") (NASDAQ: LX), a leading online consumer finance platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.

Financial Highlights:

  • Revenue reached RMB 2.43 billion (approximately USD 344 million) for the full year 2024, representing a 15% year-over-year increase.
  • Net income attributable to the Company's shareholders was RMB 1.14 billion (approximately USD 163 million) for the full year 2024, representing a 22% year-over-year increase.
  • Gross profit for the full year 2024 was RMB 1.84 billion (approximately USD 262 million), representing a 17% year-over-year increase.
  • The Company's total assets reached RMB 34.3 billion (approximately USD 4.9 billion) as of December 31, 2024, representing a 24% year-over-year increase.

Operational Highlights:

  • The Company's loan originations reached RMB 24.1 billion (approximately USD 3.4 billion) for the full year 2024, representing a 20% year-over-year increase.
  • The Company's total outstanding loan balance reached RMB 23.4 billion (approximately USD 3.3 billion) as of December 31, 2024, representing a 23% year-over-year increase.
  • The Company's total active borrowers reached 3.4 million as of December 31, 2024, representing a 25% year-over-year increase.

"We are pleased to report another strong year of growth and profitability in 2024," said Mr. Yong Li, Chief Executive Officer of Lexin. "Our focus on product innovation, risk management, and customer experience has enabled us to maintain a strong track record of loan originations and asset growth. We are confident that our platform will continue to drive growth and value creation for our shareholders in the years to come."

About Lexin Fintech Holdings Ltd

Lexin Fintech Holdings Ltd is a leading online consumer finance platform in China. The Company provides a wide range of financial products and services to young, middle-income consumers in China, including online lending, wealth management, and insurance products. The Company's platform allows users to access financial services seamlessly and efficiently, leveraging the power of technology and data analytics to provide personalized financial solutions. Lexin Fintech Holdings Ltd is listed on the NASDAQ Global Market under the ticker symbol LX. For more information, please visit www.lexin.com.