LexinFintech (LX) Q1 2024 Earnings Call Transcript

Logo of jester cap with thought bubble.
Image source: The Motley Fool.

In This Article:

LexinFintech (NASDAQ: LX)
Q1 2024 Earnings Call
May 23, 2024, 10:00 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:


Operator

Good day, and thank you for standing by. Welcome to LexinFintech first quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session.

[Operator instructions] Please be advised that today's conference is being recorded. I'd now like to hand the call over to Mandy Dong, IR director of Lexin. Please go ahead.

Mandy Dong -- Director, Investor Relations

Thank you, Desmond. Good morning, and good evening, everyone. Welcome to Lexin's first quarter 2024 earnings conference call. Our results were issued earlier today and can be found on our IR website.

Joining me today are our CEO, Jay Xiao; CRO, Arvin Qiao; and CFO, James Zheng. Before we get started, I'd like to remind you of our safe harbor statement in our earnings press release, which also applies to this call. During the call, we may refer to business outlook and forward-looking statements, which are based on our current plans, estimates, and projections. The actual results may differ materially, and we undertake no obligation to update any forward-looking statements.

Should you invest $1,000 in LexinFintech right now?

Before you buy stock in LexinFintech, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and LexinFintech wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $581,764!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

See the 10 stocks ?

*Stock Advisor returns as of May 13, 2024

Last, unless otherwise stated, all figures mentioned are in RMB. Jay will first provide an update on our overall performance. Arvin will discuss risk management updates. Lastly, James will cover the financial results in more details.

I will now turn the call over to Jay. His remarks will be in Chinese, and English translation will follow.

Jay Xiao -- Founder, Chairman, and Chief Executive Officer