LX - LexinFintech Non-GAAP EPADS of RMB 2.09 revenue of RMB 3.1B; issues Q1 guidance

2023-03-14 01:20:51 ET

• LexinFintech press release ( NASDAQ: LX ): Q4 Non-GAAP EPADS of RMB 2.09.
• Revenue of RMB 3.1B (+38.7% Y/Y).
• Total number of registered users reached 189 million as of December 31, 2022, representing an increase of 14.3% from 165 million as of December 31, 2021, and users with credit lines reached 40.0 million as of December 31, 2022, up by 8.5% from 36.9 million as of December 31, 2021.
• As of December 31, 2022, we cumulatively originated RMB863 billion in loans, an increase of 30.9% from RMB659 billion a year ago.
• Total loan originations in the fourth quarter of 2022 was RMB56.1 billion, an increase of 28.8% from RMB43.6 billion in the fourth quarter of 2021.
• Total number of orders placed on our platform in the fourth quarter of 2022 was 28.2 million, representing a decrease of 15.7% from 33.4 million in the fourth quarter of 2021.
• Outlook: Based on the Company’s preliminary assessment of the current market conditions, total loan originations for the first quarter of the fiscal year 2023 are expected to be around RMB60 billion, representing an increase of approximately 39% on a year-over-year basis.

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