New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • May 25
First quarter 2026 earnings released: EPS: CN¥1.22 (vs CN¥2.55 in 1Q 2025) First quarter 2026 results: EPS: CN¥1.22 (down from CN¥2.55 in 1Q 2025). Revenue: CN¥3.31b (up 6.6% from 1Q 2025). Net income: CN¥201.4m (down 53% from 1Q 2025). Profit margin: 6.1% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 9.8% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Chief Risk Officer & Director Arvin Qiao was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 19
LexinFintech Holdings Ltd. to Report Q1, 2026 Results on May 25, 2026 LexinFintech Holdings Ltd. announced that they will report Q1, 2026 results Pre-Market on May 25, 2026 Announcement • Mar 19
LexinFintech Holdings Ltd. Approves Dividend for the Six-Month Period Ended December 31, 2025, Payable on June 3, 2026 LexinFintech Holdings Ltd. announced that the board of directors has approved a dividend of USD 0.094 per ordinary share, or USD 0.188 per ADS, for the six-month period ended December 31, 2025 in accordance with the Company’s dividend policy, which is expected to be paid on June 3, 2026 to shareholders of record (including holders of ADSs) as of the close of business on April 24, 2026 New York time. Announcement • Mar 11
LexinFintech Holdings Ltd. to Report Q4, 2025 Results on Mar 19, 2026 LexinFintech Holdings Ltd. announced that they will report Q4, 2025 results Pre-Market on Mar 19, 2026 Announcement • Nov 14
LexinFintech Holdings Ltd. to Report Q3, 2025 Results on Nov 24, 2025 LexinFintech Holdings Ltd. announced that they will report Q3, 2025 results Pre-Market on Nov 24, 2025 Announcement • Jul 31
LexinFintech Holdings Ltd. to Report Q2, 2025 Results on Aug 07, 2025 LexinFintech Holdings Ltd. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Announcement • Jul 21
LexinFintech Holdings Ltd. (NasdaqGS:LX) announces an Equity Buyback for $50 million worth of its shares. LexinFintech Holdings Ltd. (NasdaqGS:LX) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares/ADSs. The program will be valid for a period of 12 months. Announcement • May 14
LexinFintech Holdings Ltd. to Report Q1, 2025 Results on May 21, 2025 LexinFintech Holdings Ltd. announced that they will report Q1, 2025 results After-Market on May 21, 2025 Announcement • Mar 19
LexinFintech Holdings Ltd. Approves Dividend for the Six-Month Period Ended December 31, 2024, Payable on May 16, 2025 The board of directors of the LexinFintech Holdings Ltd. has approved a dividend of USD 0.055 per ordinary share, or USD 0.11 per ADS, for the six-month period ended December 31, 2024 in accordance with the Company’s dividend policy, which is expected to be paid on May 16, 2025 to shareholders of record (including holders of ADSs) as of the close of business on April 17, 2025 New York time. Announcement • Mar 10
LexinFintech Holdings Ltd. to Report Q4, 2024 Results on Mar 18, 2025 LexinFintech Holdings Ltd. announced that they will report Q4, 2024 results After-Market on Mar 18, 2025 Announcement • Nov 26
LexinFintech Holdings Ltd. Approves Amended Dividend Payout Policy, Effective January 1, 2025 The board of directors of LexinFintech Holdings Ltd. has approved an amended dividend payout policy, under which the payout ratio will be increased to 25% of total net profit starting from January 1, 2025. Announcement • Nov 18
LexinFintech Holdings Ltd. to Report Q3, 2024 Results on Nov 25, 2024 LexinFintech Holdings Ltd. announced that they will report Q3, 2024 results After-Market on Nov 25, 2024 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.26, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.78, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 33% over the past three years. New Risk • Sep 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to €1.95, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 54% over the past three years. Declared Dividend • Sep 09
First half dividend of US$0.063 announced Shareholders will receive a dividend of US$0.063. Ex-date: 16th September 2024 Payment date: 18th October 2024 Dividend yield will be 8.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (6% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥1.37 (vs CN¥2.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥1.37 (down from CN¥2.17 in 2Q 2023). Revenue: CN¥3.64b (up 19% from 2Q 2023). Net income: CN¥226.5m (down 36% from 2Q 2023). Profit margin: 6.2% (down from 12% in 2Q 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 36% per year. Announcement • Aug 28
LexinFintech Holdings Ltd. Approves A Dividend for the Six-Month Period Ended June 30, 2024, Payable on October 18, 2024 The board of directors of LexinFintech Holdings Ltd. has approved a dividend of USD 0.036 per ordinary share, or USD 0.072 per ADS, for the six-month period ended June 30, 2024 in accordance with the Company’s dividend policy, which is expected to be paid on October 18, 2024 to shareholders of record (including holders of ADSs) as of the close of business on September 16, 2024 New York time. Announcement • Aug 19
LexinFintech Holdings Ltd. to Report Q2, 2024 Results on Aug 27, 2024 LexinFintech Holdings Ltd. announced that they will report Q2, 2024 results After-Market on Aug 27, 2024 Reported Earnings • May 24
First quarter 2024 earnings released: EPS: CN¥1.22 (vs CN¥2.00 in 1Q 2023) First quarter 2024 results: EPS: CN¥1.22 (down from CN¥2.00 in 1Q 2023). Revenue: CN¥3.24b (up 8.7% from 1Q 2023). Net income: CN¥201.6m (down 38% from 1Q 2023). Profit margin: 6.2% (down from 11% in 1Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • May 19
LexinFintech Holdings Ltd. to Report Q1, 2024 Results on May 23, 2024 LexinFintech Holdings Ltd. announced that they will report Q1, 2024 results After-Market on May 23, 2024 Upcoming Dividend • Apr 10
Upcoming dividend of US$0.058 per share Eligible shareholders must have bought the stock before 17 April 2024. Payment date: 24 May 2024. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.3%). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CN¥6.49 (vs CN¥4.71 in FY 2022) Full year 2023 results: EPS: CN¥6.49 (up from CN¥4.71 in FY 2022). Revenue: CN¥13.1b (up 32% from FY 2022). Net income: CN¥1.07b (up 30% from FY 2022). Profit margin: 8.2% (down from 8.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Announcement • Mar 08
LexinFintech Holdings Ltd. to Report Q4, 2023 Results on Mar 20, 2024 LexinFintech Holdings Ltd. announced that they will report Q4, 2023 results After-Market on Mar 20, 2024 Announcement • Dec 04
Lexinfintech Holdings Ltd. Appoints Zhanwen Qiao as Chief Risk Officer, Effective on Dec. 4, 2023 LexinFintech Holdings Ltd. announced that its board of directors has appointed Mr. Zhanwen Qiao as the company’s Chief Risk Officer, effective on Dec. 4, 2023. Mr. Zhanwen Qiao has over a decade of experience as a senior leader in risk management space at a top-tier consumer finance company in China. Prior to joining Lexin, Mr. Qiao served as a senior director at Ant Group and deputy general manager of Chongqing Ant Consumer Finance, where he joined in April 2012, responsible for risk management for Chongqing Ant Consumer Finance. Mr. Qiao has deeply involved in the entire process of building and iterating Ant Group's consumer credit risk management system, with his extensive experience in building risk management teams, innovating risk management technologies, and managing consumer credit risks. In 2012, Mr. Qiao started to be responsible for quantitative risk management of Taobao credit loans. Since 2015, he had assumed the responsibilities of risk management of consumer credit businesses such as Huabei and Jiebei products. He was appointed as Deputy General Manager of Chongqing Ant Consumer Finance Co. Ltd. in 2022, supervising the overall risk management for Ant Consumer Finance in Chongqing. Mr. Qiao received his bachelor's degree in computer science and technology from Zhengzhou University of Light Industry in 2008 and his master’s degree in statistics from Zhejiang Gongshang University in 2011. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: CN¥2.25 (vs CN¥1.64 in 3Q 2022) Third quarter 2023 results: EPS: CN¥2.25 (up from CN¥1.64 in 3Q 2022). Revenue: CN¥3.51b (up 30% from 3Q 2022). Net income: CN¥370.6m (up 35% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Nov 14
LexinFintech Holdings Ltd. to Report Q3, 2023 Results on Nov 22, 2023 LexinFintech Holdings Ltd. announced that they will report Q3, 2023 results After-Market on Nov 22, 2023 Announcement • Sep 01
LexinFintech Holdings Ltd. Approves A Dividend for the Six-Month Period Ended June 30, 2023, Payable on October 17, 2023; Approves A Semi-Annual Cash Dividend Policy The board of directors of LexinFintech Holdings Ltd. has approved a dividend of USD 0.058 per ordinary share, or USD 0.116 per ADS, for the six-month period ended June 30, 2023 in accordance with the Company’s dividend policy, which is expected to be paid on October 17, 2023 to shareholders of record (including holders of ADSs) as of the close of business on September 15, 2023 New York time.On August 22, 2023, the Company's board of directors approved a semi-annual cash dividend policy. Under the policy, the Company will declare and distribute a recurring cash dividend semi-annually, starting from the second fiscal quarter of 2023, at an amount equivalent to approximately 15% to 30% of the Company's net profit in the previous six-month period, or as otherwise authorized by the Board. The determination to make dividend distributions and the exact amount of such distributions in any particular semi-annual period will be based upon the Company’s operations and financial conditions, and other relevant factors, and subject to adjustment and determination by the Board. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥2.17 (vs CN¥0.92 in 2Q 2022) Second quarter 2023 results: EPS: CN¥2.17 (up from CN¥0.92 in 2Q 2022). Revenue: CN¥3.06b (up 27% from 2Q 2022). Net income: CN¥355.7m (up 116% from 2Q 2022). Profit margin: 12% (up from 6.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Aug 24
LexinFintech Holdings Ltd. to Report Q2, 2023 Results on Aug 29, 2023 LexinFintech Holdings Ltd. announced that they will report Q2, 2023 results After-Market on Aug 29, 2023 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.14, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 75% over the past three years. Reported Earnings • May 24
First quarter 2023 earnings released: EPS: CN¥2.00 (vs CN¥0.42 in 1Q 2022) First quarter 2023 results: EPS: CN¥2.00 (up from CN¥0.42 in 1Q 2022). Revenue: CN¥2.98b (up 74% from 1Q 2022). Net income: CN¥327.5m (up 319% from 1Q 2022). Profit margin: 11% (up from 4.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • May 17
LexinFintech Holdings Ltd. to Report Q1, 2023 Results on May 23, 2023 LexinFintech Holdings Ltd. announced that they will report Q1, 2023 results After-Market on May 23, 2023 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.40, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 6x in the Consumer Finance industry in Europe. Total loss to shareholders of 70% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: CN¥4.71 (vs CN¥12.67 in FY 2021) Full year 2022 results: EPS: CN¥4.71 (down from CN¥12.67 in FY 2021). Revenue: CN¥9.87b (down 13% from FY 2021). Net income: CN¥819.8m (down 65% from FY 2021). Profit margin: 8.3% (down from 21% in FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €2.14, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 18% share price gain to €2.10, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 18% share price gain to €1.90, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 6x in the Consumer Finance industry in Europe. Total loss to shareholders of 84% over the past three years. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: CN¥1.64 (vs CN¥3.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.64 (down from CN¥3.15 in 3Q 2021). Revenue: CN¥2.69b (down 9.4% from 3Q 2021). Net income: CN¥275.5m (down 53% from 3Q 2021). Profit margin: 10% (down from 20% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Announcement • Nov 17
LexinFintech Holdings Ltd. (NasdaqGS:LX) announces an Equity Buyback for $20 million worth of its shares. LexinFintech Holdings Ltd. (NasdaqGS:LX) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its shares/ADSs. The company expects to fund the repurchases under the share repurchase program with its existing cash balance. The program will be valid for a period of 12 months, from the commencement date. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Annabelle Long was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
LexinFintech Holdings Ltd. to Report Q3, 2022 Results on Nov 16, 2022 LexinFintech Holdings Ltd. announced that they will report Q3, 2022 results on Nov 16, 2022 Announcement • Aug 27
LexinFintech Holdings Ltd. Announces the Resignation of Jayden Yang Qiao as Chief Risk Officer, Effective August 31, 2022 On August 26, 2022, LexinFintech Holdings Ltd. announced a change to its management. Mr. Jayden Yang Qiao has resigned from his position as the chief risk officer of the Company for personal reasons, effective on August 31, 2022. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥0.92 (vs CN¥4.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.92 (down from CN¥4.27 in 2Q 2021). Revenue: CN¥2.41b (down 26% from 2Q 2021). Net income: CN¥164.8m (down 79% from 2Q 2021). Profit margin: 6.8% (down from 24% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 21% growth forecast for the Consumer Finance industry in Germany. Announcement • Aug 11
LexinFintech Holdings Ltd. to Report Q2, 2022 Results on Aug 16, 2022 LexinFintech Holdings Ltd. announced that they will report Q2, 2022 results on Aug 16, 2022 Reported Earnings • May 31
First quarter 2022 earnings released: EPS: CN¥0.42 (vs CN¥3.87 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.42 (down from CN¥3.87 in 1Q 2021). Revenue: CN¥1.71b (down 42% from 1Q 2021). Net income: CN¥78.1m (down 89% from 1Q 2021). Profit margin: 4.6% (down from 24% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 15%, compared to a 82% growth forecast for the industry in Germany. Announcement • May 24
LexinFintech Holdings Ltd. to Report Q1, 2022 Results on May 30, 2022 LexinFintech Holdings Ltd. announced that they will report Q1, 2022 results on May 30, 2022 Reported Earnings • May 02
Full year 2021 earnings released: EPS: CN¥12.67 (vs CN¥3.26 in FY 2020) Full year 2021 results: EPS: CN¥12.67 (up from CN¥3.26 in FY 2020). Revenue: CN¥11.4b (down 2.3% from FY 2020). Net income: CN¥2.33b (up 292% from FY 2020). Profit margin: 21% (up from 5.1% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 4.1%, compared to a 82% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Annabelle Long was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥12.67 (up from CN¥3.26 in FY 2020). Revenue: CN¥11.4b (down 2.3% from FY 2020). Net income: CN¥2.33b (up 292% from FY 2020). Profit margin: 21% (up from 5.1% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 8.5%, compared to a 73% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €4.56, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 10x in the Consumer Finance industry in Europe. Total loss to shareholders of 30% over the past year. Reported Earnings • Nov 12
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥2.97b (down 5.9% from 3Q 2020). Net income: CN¥580.5m (up 68% from 3Q 2020). Profit margin: 20% (up from 11% in 3Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • Aug 27
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.27b (up 11% from 2Q 2020). Net income: CN¥786.7m (up 88% from 2Q 2020). Profit margin: 24% (up from 14% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to €6.80, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Consumer Finance industry in Europe. Total returns to shareholders of 4.6% over the past year. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥6.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 16x in the Consumer Finance industry in Europe. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥7.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 15x in the Consumer Finance industry in Europe. Total loss to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 35% share price gain to CN¥9.85, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Consumer Finance industry in Europe. Total returns to shareholders of 28% over the past year. Reported Earnings • Jun 03
First quarter 2021 earnings released: EPS CN¥3.87 (vs CN¥3.73 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.94b (up 18% from 1Q 2020). Net income: CN¥711.5m (up CN¥1.39b from 1Q 2020). Profit margin: 24% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Reported Earnings • May 01
Full year 2020 earnings released: EPS CN¥3.26 (vs CN¥12.90 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥11.6b (up 9.8% from FY 2019). Net income: CN¥595.0m (down 74% from FY 2019). Profit margin: 5.1% (down from 22% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Mar 21
LexinFintech Holdings Ltd. Appoints Ryan Huanian Liu as New Senior Vice President Responsible for New Business Initiatives On March 18, 2021, LexinFintech Holdings Ltd. appointed Mr. Ryan Huanian Liu as the Company’s new senior vice president responsible for new business initiatives. Previously, Mr. Liu was Lexin’s chief risk officer in charge of the company’s risk control operations. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS CN¥3.26 (vs CN¥12.90 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥11.6b (up 9.8% from FY 2019). Net income: CN¥595.0m (down 74% from FY 2019). Profit margin: 5.1% (down from 22% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥10.70, the stock is trading at a trailing P/E ratio of 26.1x, up from the previous P/E ratio of 20.5x. This compares to an average P/E of 14x in the Consumer Finance industry in Europe. Total returns to shareholders over the past year are 31%. Announcement • Mar 12
LexinFintech Holdings Ltd. to Report Q4, 2020 Results on Mar 18, 2021 LexinFintech Holdings Ltd. announced that they will report Q4, 2020 results After-Market on Mar 18, 2021 Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 28% share price gain to CN¥12.20, the stock is trading at a trailing P/E ratio of 25.5x, up from the previous P/E ratio of 19.9x. This compares to an average P/E of 15x in the Consumer Finance industry in Europe. Total returns to shareholders over the past year are 3.4%. Is New 90 Day High Low • Feb 05
New 90-day high: €7.65 The company is up 32% from its price of €5.80 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.02 per share. Announcement • Feb 03
LexinFintech Holdings Ltd. Appoints Erwin Yong Lu as Chief Technology Officer LexinFintech Holdings Ltd. announced that it has appointed Mr. Erwin Yong Lu as the Company's chief technology officer, effective February 1, 2021. Mr. Lu has over 20 years of experience in the technology sector and has held various senior positions. Prior to joining us, Mr. Lu served as the chief information officer of Ping An Life Insurance. Prior to that, he served as the chief technology officer and vice president for SINA mobile, a leading online media company in China. From 2016 to 2017, he was the chief technology officer of 51Talk. He also worked from 2014 to 2016 as the general manager of the advertisement division at Weibo Corporation. From 2012 to 2014, Mr. Lu worked at Facebook in Seattle as a software engineer. Before that, Mr. Lu worked at Microsoft in Seattle from 2003 to 2012 as a senior software engineer. Mr. Lu received his master’s degree in computer science from the University of Denver in 2003 and a master’s degree in chemistry from Zhejiang University in 1998. Mr. Lu is also a named contributor in five IT patents in the United States. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥6.00, the stock is trading at a trailing P/E ratio of 14.5x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 15x in the Consumer Finance industry in Europe. Total return to shareholders over the past year is a loss of 51%. Is New 90 Day High Low • Dec 30
New 90-day low: €4.96 The company is down 8.0% from its price of €5.40 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.87 per share. Announcement • Dec 10
LexinFintech Holdings Ltd. Announces Board Changes LexinFintech Holdings Ltd. announced the appointment of Mr. Kris Qian Qiao to Lexin’s board of directors, the resignation of Mr. Keyi Chen from his post as a director of the Company for personal reasons, and the resignation of Mr. Xiaoguang Wu from his post as a member of the compensation committee of the board for personal reasons. Mr. Wu will continue to serve as a director of the Company and as the chairperson of its nominating and corporate governance committee. Mr. Kris Qian Qiao is one of the earliest members of Lexin’s management team, and has served as the Company’s chief financing cooperation officer since April 2016 and vice president from December 2013 to March 2016. Mr. Qiao has over 14 years of experience in finance and related areas. Prior to joining the Company, Mr. Qiao worked as a senior manager of China Universal Asset Management Co. Ltd. from 2010 to 2012. Prior to that, Mr. Qiao was a senior product manager for financing cooperation at Tenpay from 2005 to 2010. Mr. Qiao also served as a software engineer and project manager at the Bank of China Software Development Center (Shenzhen) from 2002 to 2005. Reported Earnings • Nov 25
Third quarter 2020 earnings released: EPS CN¥1.89 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥3.15b (down 1.1% from 3Q 2019). Net income: CN¥344.7m (down 52% from 3Q 2019). Profit margin: 11% (down from 23% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Analyst Estimate Surprise Post Earnings • Nov 25
Revenue beats expectations Revenue exceeded analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 22%, compared to a 47% growth forecast for the Consumer Finance industry in Germany. Announcement • Nov 21
LexinFintech Holdings Ltd. to Report Q3, 2020 Results on Nov 24, 2020 LexinFintech Holdings Ltd. announced that they will report Q3, 2020 results at 9:00 AM, China Standard Time on Nov 24, 2020 Valuation Update With 7 Day Price Move • Nov 07
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥5.85, the stock is trading at a trailing P/E ratio of 9.4x, down from the previous P/E ratio of 11.3x. This compares to an average P/E of 10x in the Consumer Finance industry in Europe. Total return to shareholders over the past year is a loss of 44%. Announcement • Nov 06
Bronstein, Gewirtz & Grossman LLC Reminds Investors of Class Actions Lawsuit against LexinFintech Holdings Ltd Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against LexinFintech Holdings Ltd. LexinFintech securities aquired (a) pursuant and/or traceable to the Company' s initial public offering conducted on or about December 21, 2017 (the "IPO" or `Offering"); or b) purchased or otherwise acquired LexinFintech between December 21, 2017 through August 24, 2020, both dates inclusive (the “Class Period”). The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) LexinFintech Holdings Ltd. reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) the Company's business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) the Company exaggerated its user base; (4) the Company was facilitating direct peer to peer lending contrary to Chinese law; (5) the Company engaged in undisclosed related party transactions; (6) the Company lacked adequate internal controls; and (7) as a result, defendants' public statements were materially false and/or misleading at all relevant times. Is New 90 Day High Low • Sep 28
New 90-day low: €5.35 The company is down 43% from its price of €9.35 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.54 per share. Announcement • Aug 08
LexinFintech Holdings Ltd. to Report Q2, 2020 Results on Aug 18, 2020 LexinFintech Holdings Ltd. announced that they will report Q2, 2020 results at 9:00 AM, China Standard Time on Aug 18, 2020 
