Shares of Chinese online consumption and finance platform LexinFintech Holdings Ltd. (LX) are rising more than 20% Tuesday morning following first quarter results.
The company reported net income of $108.53 million or RMB711.08 million, compared with net loss of RMB678.43 million in the first quarter of last year.
Earnings per ADS were $0.53 per share or RMB3.49 per share compared with loss per ADS of RMB3.73 a year ago.
Excluding items, earnings were $0.57 per share, that beat the average estimate of analysts polled by Thomson Reuters at $0.28 per share.
Operating revenue for the quarter increased to $449.29 million or RMB2.943 billion from RMB2.5 billion last year, driven by 122% growth in platform-based services income.
The company said its total number of registered users reached 132 million as of March 31, an increase of 56.5% from 84.2 million last year.
Total loan originations in the first quarter were RMB53.8 billion, jumped 57.8% from RMB34.1 billion in the first quarter a year ago.
LX is currently trading at $11.01. It has traded in the range of $6.04- $15.42 in the last one year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.