LexinFintech Holdings Ltd (LX) Q3 2024 Earnings Call Highlights: Strong Net Profit Growth ... [Yahoo! Finance]
LexinFintech Holdings Ltd. - American Depositary Shares (LX)
Last lexinfintech holdings ltd. - american depositary shares earnings: 5/17 04:47 am
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US:NASDAQ Investor Relations:
ir.lexinfintech.com
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Source: Yahoo! Finance
Outstanding Loan Balance: CNY111.2 billion. Net Profit Margin: 8.45%, increased by 223 basis points quarter over quarter. Funding Costs: 4.28%, decreased by nearly 100 basis points from the previous quarter. Research and Development Investment: CNY149 million. Provision Coverage Ratio: Approximately 240% at the end of Q3. Dividend Payout Ratio: Planned increase from 20% to 25% starting in 2025. Warning! GuruFocus has detected 7 Warning Signs with LX. Release Date: November 26, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript LexinFintech Holdings Ltd ( NASDAQ:LX ) reported a significant increase in net profit, reaching CNY310 million, marking a 36.7% growth quarter over quarter. The company achieved a record low funding cost of 4.28%, which is nearly 100 basis points lower than the previous quarter. The net profit margin improved to 8.45%, representing a quarter-over-quarter increase of 223 basis points.
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Sec Filings
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- LX's page on the SEC website