LexinFintech Holdings Ltd. American Depositary Shares 2026 Q2 Earnings Call

好的，大家好。首先由我向各位分享我们2026年二季度的经营情况。二季度以来，行业经营环境持续承压，特别是6月末行业个别平台出现风险事件，引发了行业资金供给的大面积暂停收紧，对行业生态和市场信心带来重大影响。公司的线上消费金融、普惠金融等助贷业务受到了较大程度的波及。为有效地降低对公司的影响，我们在近期果断地推进了以下的一些应对举措。第一，降本增效，提升穿越周期的能力。公司快速地调整组织架构，精简优化了部分人员，加快AI技术的应用，有效地降低了公司的运营成本，提升长期持续运营和应对周期变化的能力。第二，收紧风险管理，保持了资产质量的稳定。公司主动压降资产规模，审慎控制新增资产，确保新增资产风险稳定可控，提升业务发展的长期安全性。第三，加强财务管控，提高运营效率。我们重点推进应收账款和保证金的回收工作，实现担保助贷余额有序平稳下降，保障公司的资金安全与运营稳定。第四，坚定推进多元化的战略，加快推动业务的结构转型。在非助贷的业务上，公司具备多年积累的生态业务优势，我们持续加快从担保助贷向科技赋能转型，为未来的恢复打下比较好的基础。公司始终坚持合规经营放在首位，在当前行业的危机之下，仍然保持经营韧性，拥有持续的造血能力，长期经营安全可靠。下面我介绍一下公司二季度的具体情况。二季度公司实现交易额554.3亿元，营收31.9亿元，净利润1.01亿元。资产风险指标方面，受行业影响，入催率有所上升，但出催率也相应有所改善。面对行业的变化，我们对公司的长期发展仍然坚持信心，主要来自以下几个方面。第一，公司始终深耕场景科技零售业务独特优势。在政策导向和需求增长下，我们预计未来科技零售业务拥有良好的成长空间。公司将不断完善我们的供应链体系，围绕用户刚需场景消费需求，提升平台的经营效率。第二，To B数字科技业务保持较快增长，持续满足持牌机构优质资产的需求。公司多年深耕数字科技领域，行业优势显著。二季度，To B数字科技业务迎来较好的增长，实现了规模化的盈利。这项业务符合未来监管的导向，具备长期商业价值，我们将持续加大投入。第三，AI落地赋能业务降本显著。AI在业务全链条已经落地，效果比较显著，已上线100多个AI智能岗位，全面覆盖策略智能化生成、合规教验、贷后管理、智能客服等业务场景，助力公司完成降本目标。二季度公司运营成本环比下降17.6%。随着AI技术的持续落地，我们预计三季度公司成本将进一步下降。展望未来，单个事件带来的冲击仍将继续，行业依然存在较大的不确定性，我们将继续审慎经营。第一，我们将继续加强经营管理，优化财务状况，推进电商多元非助贷业务发展，坚定应对行业危机的信心。第二，我们把分红政策调整为一年一次，为业务的转型提供充足的资金储备和安全边际。第三，加快AI投入，尤其在科技赋能领域落地应用，联合合作伙伴加快资金的恢复。伴随行业逐步明朗，我们将结合公司的情况，积极探索多元股东回报政策，让大家更好地分享公司成长的收益。接下来我把发言时间交给Arvin，谢谢大家。 Hi everyone, let me start by sharing our business performance for the second quarter of 2026.

Since the second quarter, the industry operating environment has faced ongoing headwinds. Most notably, in late June, risk events involving certain peers triggered a widespread tightening and even suspension of funding supply across the industry, severely impacting the industry landscape and shaking market confidence. As a result, our loan facilitation operations across both online consumer finance and offline inclusive finance were materially affected. We swiftly took the following decisive measures to mitigate the impacts on us. First, driving cost efficiency to enhance resilience through market cycles. We rapidly streamlined our organizational structure, optimized headcount, and accelerated AI adoption. These measures effectively reduced operating expenses and enhanced our long-term sustainability through industry cycles. Second, tightening risk controls to maintain stable asset quality.

We proactively scaled back overall loan volume and adopted a prudent approach to new loan originations. This ensures the risk profile of new loans remains well controlled, safeguarding the long-term stability and resilience of our business. Third, strengthening financial discipline to enhance operational efficiency. We prioritize the recovery of receivables and security deposits, and drove a measured and steady scale down of facilitated loan balance, safeguarding our funding security and operational stability. Fourth, advancing our diversification strategy and accelerating business transformation. In our non-loan facilitation operations, we leveraged years of ecosystem advantages to accelerate our transition from a 担保助贷 model to a 科技赋能 model, laying a solid foundation for business recovery. We have always placed compliance at the forefront of our operations. Despite current industry headwinds, we continue to demonstrate strong operational resilience, maintain organic cash generation capability, and ensure long-term operational safety and reliability.

Now, let me walk you through our second quarter business performance. In the second quarter, we achieved a loan volume of 55.43 billion RMB, generated revenue of 3.19 billion RMB and net profit of 101 million RMB. On the risk front, while day one delinquency ratio picked up due to broader industry headwinds, our 30-day collection rate showed an improvement. Despite current industry volatility, we remain confident in our long-term prospects. Let me explain why. First, our deep integration with consumption scenarios gives our e-commerce business unique advantages. Supported by favorable policies and growing consumer demand, we expect our e-commerce business to enjoy healthy growth going forward. We will continue to refine our supply chain system around essential consumer needs and enhance overall operational efficiency. Second, our fintech empowerment business serving corporate clients maintains rapid growth, continuously satisfying licensed institutions' demands for high quality assets.

Backed by years of expertise in digital technology, we have established a clear market leading position. In the second quarter, our fintech empowerment business delivered solid growth and achieved profitability. As this business well aligns with future regulatory directions and has long-term commercial value, we will continue to increase our investments in this area. Third, AI adoption across our operations has delivered tangible cost savings. AI has been effectively deployed across the entire business processes. Over 100 AI agent roles are currently deployed across key operational scenarios such as intelligent strategy generation, compliance check, post loan management, and smart customer services, all contributing to our cost reduction targets. In the second quarter, our operating expenses decreased by 17.6% quarter-over-quarter. As AI adoption continues to gain traction, we expect further cost reductions in the third quarter.

Looking ahead, the impact of the standalone event may persist and industry uncertainties remain significant. We will continue to adopt a prudent operational approach by adopting the following initiatives.