In 2021, Q1 revenue was 2.944 billion yuan, net profit was 711 million yuan, up 17.8% year on year From Lexin financial report

The following is the In 2021, Q1 revenue was 2.944 billion yuan, net profit was 711 million yuan, up 17.8% year on year From Lexin financial report recommended by recordtrend.com. And this article belongs to the classification: Industry information.

On June 1, Beijing time, Lexin (NASDAQ: LX) today released its financial report for the first quarter of 2021 as of March 31, with revenue of 2.944 billion yuan, compared with 2.500 billion yuan in the same period last year. Net profit was 711 million yuan, compared with a net loss of 678 million yuan in the same period last year. The net profit after adjustment was 771 million yuan, compared with a net loss of 596 million yuan in the same period of last year.

First quarter operating results:

As of March 31, 2021, the total number of registered users has reached 132 million, an increase of 56.5% compared with 84.2 million as of March 31, 2020. The number of users with credit lines reached 30.3 million, up 46.5% from 20.7 million as of March 31, 2020.

In the first quarter, the number of active users using Lexin loan products was 8.24 million, up 29.2% from 6.38 million in the same period of last year. The number of new active users was 1.8 million, an increase of 88.0% compared with 1 million in the same period of last year.

The total amount of loans launched in the first quarter was 53.8 billion yuan, up 57.8% from 34.1 billion yuan in the same period last year. As of March 31, 2021, the total outstanding loan principal balance was 82.4 billion yuan, an increase of 40.8% over 58.5 billion yuan in the same period of last year.

In the first quarter, the number of orders placed by Lexin platform was 78.6 million, up 53.2% compared with 51.3 million in the same period of last year. In the first quarter, the total transaction volume (Gmv) of e-commerce platform was 1.2 billion yuan, down 0.5% year on year.

First quarter financial results:

Revenue was 2.944 billion yuan, compared with 2.500 billion yuan in the same period last year.

The cost of sales was 433 million yuan, down 9.7% from 480 million yuan in the same period last year. Gross profit was 1.369 billion yuan, an increase of 720% compared with 167 million yuan in the same period of last year.

Sales and marketing expenses were 244 million yuan, up 41.7% from 346 million yuan in the same period of last year. R & D expenditure was 124 million yuan, down 1.6% from 126 million yuan in the same period last year. General and administrative expenses amounted to 131 million yuan, an increase of 19.7% compared with 110 million yuan in the same period of last year.

Net profit was 711 million yuan, compared with a net loss of 678 million yuan in the same period last year. The net profit after adjustment was 771 million yuan, compared with a net loss of 596 million yuan in the same period of last year.

Performance Outlook:

Lexin expects that the total amount of loans in 2021 will reach 240 billion yuan to 250 billion yuan. More reading: Lexin: annual revenue of 10.6 billion yuan in 2019, transaction scale of 126 billion yuan. Lexin: 2q20 revenue of 3 billion yuan, a year-on-year increase of 19%. Lexin: 1q20 revenue of 2.5 billion yuan, a year-on-year increase of 40.9%. CCFA: Top 100 supermarkets in China in 2019, Lepu medical new coronavirus antibody colloidal gold test kit Infrared thermometer and other products have been sent to dozens of countries Demand Gen: manufacturers to expand the number of conversion to sales and marketing reports 36 krypton 2021 quarter of the year, advertising growth 58% gross margin increased significantly 530: parallel day: using supercomputing to save worry tiktok data: jitter, Amazon City China cloud China Technology Zone: 5.10-5.23, Amazon’s cloud technology machine learning takes root in China’s industrial belt: two or three line cities have unique potential for Innovation: Amazon cloud technology machine learning takes root in China’s industrial belt: two or three line city’s unique potential for Innovation: big data company’s cloud computing giant coupling: Divine data and Amazon cloud technology mutual holdings Kwai TSE brief comment on Zhang’s departure byte CEO’s several guesses Zhang Yiming said in an internal letter that he would leave office, and Liang Rubo, CEO of Lianchuang, took over from Jingdong financial report: in the first quarter of 2021, the revenue was 203.2 billion yuan, up 39% year on year

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