LexinFintech Q2 Earnings Call Highlights
LexinFintech reported Q2 revenue of CNY1.3B, down 21.1% sequentially, with credit business revenue falling 32.5%. The company has CNY2.5B in cash and expects a net loss in Q3 due to declining revenue, rising credit costs, and restructuring expenses. Lexin is diversifying into fintech and e-commerce services, with these segments contributing 45% of loan volume. The company tightened underwriting standards amid worsening risk metrics and changed its dividend policy to annual distributions to prese





