LexinFintech Holdings Ltd. has released its first-quarter 2025 results, reporting a notable 18.6% increase in net income to RMB 430 million compared to the previous quarter. The company's revenue experienced a decline of 15.2% quarter-over-quarter, indicating a challenging period for sales performance. Operating expenses rose by 5.5% during the same period. The loan balance as of the end of the first quarter of 2025 stood at RMB 107.3 billion, reflecting a 2.7% decrease from the last quarter of 2024. Additionally, loan originations slightly decreased by 0.6% quarter-over-quarter to RMB 51.6 billion. Despite these challenges, LexinFintech's gross profit was reported at RMB 1,196.7 million, showing a small decline of 4.3% from the previous quarter. The company also highlighted its ongoing commitment to expanding its user base, with cumulative registered users reaching 232 million, representing a 2.0% quarter-over-quarter increase. The business continues to focus on its core areas, including credit facilitation services, tech-empowerment services, and installment e-commerce platform services, to support its growth strategy.
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