LexinFintech's Profit Jump Masks Slowdown In Core loan Business
1. Lexin's net income doubled but revenue fell 4.3%. 2. Improved risk management led to lower bad loan provisions. 3. Consumers are hesitant to borrow, impacting loan facilitation. 4. Lexin's competitors are gaining revenue amid stimulus measures. 5. Expectations for Lexin's revenue to decline 2% in 2024.