LexinFintech Holdings Ltd. Reports First Quarter 2019 Unaudited Financial Results
LexinFintech Holdings Ltd. - American Depositary Shares (LX)
Last lexinfintech holdings ltd. - american depositary shares earnings: 5/17 04:47 am
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Source: GlobeNewswire
SHENZHEN, China, May 17, 2019 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online consumer finance platform for educated young adults in China, today announced its unaudited financial results for the quarter ended March 31, 2019. First Quarter 2019 Operational Highlights: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7% from RMB21.3 billion as of March 31, 2018.Total loan originations1 in the first quarter of 2019 reached RMB20.1 billion, an increase of 35.6% from RMB14.8 billion in the first quarter of 2018.The GMV2 of our e-commerce channel amounted to RMB1.7 billion, representing an increase of 41.8% from RMB1.2 billion in the first quarter of 2018.The weighted average tenor of loans originated on our platform in the first quarter of 2019 was approximately 12.5 months. The weighted average APR3 was 26.2% for the first quarter of 2019.Total number
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