On November 26th, Lexin released its unaudited financial performance for the third quarter of 2024, with a revenue of 3.66 billion yuan, a year-on-year increase of 4.4%; Profit (Non GAAP EBIT) was 409 million yuan, a month on month increase of 33.2%.
The total loan amount in the third quarter of 2024 was 51 billion yuan, a decrease of 19.5% from the 63.3 billion yuan in the third quarter of 2023. Manage a loan balance of 111.25 billion yuan.
In terms of risk, high-quality assets accounted for over 75% of the newly added assets in the third quarter, and the early risk indicator FPD7 decreased by about 13% month on month; The market's call in rate decreased by about 9% compared to the second quarter.
In addition, overseas business is accelerating its layout. In the third quarter, outside of the Mexican market, Lexin increased its investment and operation in the Southeast Asian market. During the quarter, the Indonesian market grew rapidly, with a 31% month on month increase in trading users and an 18% month on month increase in trading volume.