<ul>
<li>製藥狂潮：波動性點燃生物科技行業</li>
</ul>
<p>樂信集團 NASDAQ: LX 報告稱，第一季度貸款量和收入均有所增加，管理層表示其多元化生態系統業務的增長幫助抵消了宏觀經濟和行業挑戰下在線消費金融的壓力。</p>
<p>在公司 2026 年第一季度的財報電話會議上，董事長兼首席執行官肖文傑表示，樂信的分期電商、線下普惠金融和金融科技賦能業務在本季度佔總貸款量的近 50%。他將這些業務描述為新的增長動力，並表示它們在充滿挑戰的環境中展現了 “強大的運營韌性”。</p>
<p>樂信報告的總貸款量為 579 億元人民幣，環比增長 15.9%，同比增長 12.2%。收入達到 33 億元人民幣，淨利潤為 2.01 億元人民幣。活躍用户總數為 517 萬人，環比增長 14.1%，同比增長 8.6%。新增活躍用户達到 144 萬人，環比增長 63.3%，同比增長 101.6%。</p>
<h2>多元化業務抵消消費金融壓力</h2>
<p>肖表示，公司多元化生態系統戰略開始顯現成效，生態系統業務的增長速度超過了在線貸款服務業務。他強調金融科技賦能、分期電商和線下普惠金融是本季度增加動力的領域。</p>
<p>首席財務官鄭傑表示，行業仍在經歷調整期，樂信的在線消費金融業務仍受到宏觀經濟不確定性的壓力。然而，他表示生態系統細分領域的增長，特別是金融科技賦能服務，支持了總貸款量的增長。</p>
<p>鄭表示，非在線消費金融的商品交易總額，包括線下普惠金融、金融科技賦能服務和電商，已接近總 GMV 的 50%，環比增長 42%。他表示，金融科技賦能（或稱 “數科”）模式涉及與互聯網平台和銀行在風險評估和信用風險承擔方面的合作，貸款量上升至約 310 億元人民幣。</p>
<p>“數科模式的建立創造了強大的收入管道，它將改善我們的長期資產質量，並確保在市場週期中保持穩定的盈利能力，” 鄭説。</p>
<h2>電商毛利上升，公司優先考慮資產質量</h2>
<p>樂信的分期電商業務也為本季度的業績做出了貢獻。肖表示，該業務在食品、服裝、交通、旅行、購物、娛樂和寵物等多個類別擴展了其供應鏈和產品供應。在本季度，公司新增近 150 個品牌，併為部分商家推出了奧特萊斯渠道，簽約了 20 多個國內外時尚和體育品牌。</p>
<p>鄭表示，分期電商的 GMV 保持在 22 億元人民幣，來自該業務的毛利達到 2.08 億元人民幣，環比增長 24%。毛利率擴大了 169 個基點，達到 9.4%。</p>
<p>管理層表示，公司故意放緩該細分市場的增長，以保持信用風險在其風險承受範圍內，即使需求依然強勁。</p>
<h2>風險指標持續改善</h2>
<p>首席風險官喬振文表示，隨着新行業法規的影響逐漸減弱，行業整體風險開始下降，樂信的資產質量在第一季度有所改善。與 2025 年第四季度相比，樂信的總資產首日逾期率下降了約 7%，而 30 天回收率持續逐月恢復。喬表示，第一季度新發放貸款的 FPD30 預計將下降約 6%。</p>
<p>喬表示，公司擴大了在風險管理中使用大模型的範圍，包括對高風險資產管理工具和自動化風險檢查系統的升級。他還表示，樂信利用大模型支持實時互動的信用額度增加，幫助公司更好地識別風險並量身定製信用報價。</p>
<p>公司還專注於優質白領客户和小微企業主。喬表示，優質白領客户的貸款量環比增長 56%，而優質小微企業客户的貸款量增長了 30%。</p>
<p>在線下普惠金融方面，喬表示樂信繼續通過本地化風險模型和信用策略開發縣級市場。他表示，公司已覆蓋近 100 個縣，服務超過 400 萬小微商户和個體經營者，同時保持穩定的風險表現。</p>
<h2>財務結果顯示收入增長，淨收入下降</h2>
<p>鄭表示，扣除信用成本和融資成本後的信貸業務淨收入為 15 億元人民幣，環比增長 7.2%。他説，增長主要得益於技術賦能服務收入增加 3.82 億元人民幣，得益於資產質量改善導致的撥備補充減少。信用促進服務收入下降約 10%，即 2.53 億元人民幣，反映了在線消費金融的交易量和定價壓力。</p>
<p>信貸和分期電商業務的總淨收入為 17 億元人民幣，環比增長 9.1%。運營費用增長 13.8%，達到 14 億元人民幣，主要由於銷售和市場費用的增加以及對用户參與、服務基礎設施、消費者保護和用户體驗的投資。淨收入環比下降 5.9%，至 2.01 億元人民幣。</p>
<p>樂信的總信用成本為 13 億元人民幣，環比增長 0.8%。鄭表示，增長主要是由交易量驅動，並與新貸款發放增長相一致。他表示，公司新資本密集型貸款的毛撥備率約為 7.2%，覆蓋率在第一季度為 258%。</p>
<p>截至 3 月 31 日，樂信的現金狀況，包括現金等價物和受限現金，約為 33 億元人民幣。</p>
<h2>管理層對前景和回購持謹慎態度</h2>
<p>在回應分析師提問時，肖表示行業正變得更加成熟和有序，越來越重視合規性和用户體驗。他表示樂信將繼續專注於客户體驗、高質量資產、資產組合優化和風險韌性，同時發展其多元化生態系統業務。</p>
<p>鄭拒絕提供具體的全年財務目標，理由是宏觀經濟不確定性。他表示，預計總貸款量將在季度間保持相對穩定，受到生態系統業務的支持，儘管在線消費金融可能仍面臨壓力。他表示，如果風險持續下降，信用成本應該會降低，前提是沒有重大宏觀經濟或監管變化。</p>
<p>關於股東回報，肖表示樂信計劃取消 2000 萬份美國存托股票，約佔總流通股的 12%。他説，由於宏觀不確定性，公司已暫時暫停新的股票回購，但在市場條件合適時可能會重新啓動該計劃。</p>
<h2>關於樂信科技 NASDAQ: LX</h2>
<p>樂信科技控股有限公司 NASDAQ: LX 是一家總部位於中國的消費金融和數字銀行平台，主要服務於年輕的、未充分服務的消費者。公司的核心產品是銷售點分期融資，使符合條件的客户能夠將購買分成固定的月付款，並收取透明的費用。樂信科技利用專有的數據分析和信用評分模型，為在線購買提供消費貸款，並提供支持各種零售和電子商務交易的信用額度。</p>
<p>除了其旗艦分期貸款服務外，樂信科技還開發了財富管理和金融科技即服務產品。</p>
<p><em>此即時新聞提醒由敍事科學技術和 MarketBeat 的金融數據生成，以便為讀者提供最快的報道和公正的覆蓋。如對本故事有任何問題或意見，請發送郵件至 contact@marketbeat.com。</em></p>
<h2>你現在應該投資 1000 美元在樂信科技嗎？</h2>
<p>在考慮樂信科技之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦在更廣泛的市場注意到之前立即購買……而樂信科技並不在名單上。</p>
<p>雖然樂信科技目前在分析師中獲得持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>在這裏查看這五隻股票</p>

樂信集團

金融科技指數 ETF - GlobalX

<p>樂信集團 (NASDAQ:LX) 報告稱，第一季度貸款金額增長了 15.9%，達到 579 億元人民幣，收入為 33 億元人民幣，儘管在線消費金融面臨壓力。首席執行官肖文傑強調了多元化生態系統業務的增長，這些業務現在佔總貸款金額的近 50%。公司的資產質量有所改善，首日逾期率下降了 7%。首席財務官鄭傑表示，儘管在線消費金融面臨挑戰，但金融科技賦能服務支持了整體增長</p>

<ul>
<li>Pharma Frenzy: Volatility Ignites Biotech Sector</li>
</ul>
<div class="lb-trans"><ul>
<li>製藥狂潮：波動性點燃生物科技行業</li>
</ul>
</div><p>LexinFintech NASDAQ: LX reported higher first-quarter loan volume and revenue as management said growth in its diversified ecosystem businesses helped offset pressure in online consumer finance amid macroeconomic and industry challenges.</p>
<div class="lb-trans"><p>樂信集團 NASDAQ: LX 報告稱，第一季度貸款量和收入均有所增加，管理層表示其多元化生態系統業務的增長幫助抵消了宏觀經濟和行業挑戰下在線消費金融的壓力。</p>
</div><p>On the company’s first-quarter 2026 earnings call, Chairman and Chief Executive Officer Jay Wenjie Xiao said Lexin’s installment e-commerce, offline inclusive finance and fintech empowerment businesses accounted for nearly 50% of total loan volume during the quarter. He described those businesses as new growth drivers and said they showed “strong operational resilience” in a challenging environment.</p>
<div class="lb-trans"><p>在公司 2026 年第一季度的財報電話會議上，董事長兼首席執行官肖文傑表示，樂信的分期電商、線下普惠金融和金融科技賦能業務在本季度佔總貸款量的近 50%。他將這些業務描述為新的增長動力，並表示它們在充滿挑戰的環境中展現了 “強大的運營韌性”。</p>
</div><p>Lexin reported total loan volume of RMB 57.9 billion, up 15.9% quarter over quarter and 12.2% year over year. Revenue reached RMB 3.3 billion, while net profit was RMB 201 million. Active users totaled 5.17 million, up 14.1% sequentially and 8.6% from a year earlier. New active users reached 1.44 million, rising 63.3% quarter over quarter and 101.6% year over year.</p>
<div class="lb-trans"><p>樂信報告的總貸款量為 579 億元人民幣，環比增長 15.9%，同比增長 12.2%。收入達到 33 億元人民幣，淨利潤為 2.01 億元人民幣。活躍用户總數為 517 萬人，環比增長 14.1%，同比增長 8.6%。新增活躍用户達到 144 萬人，環比增長 63.3%，同比增長 101.6%。</p>
</div><h2>Diversified businesses offset consumer finance pressure</h2>
<div class="lb-trans"><h2>多元化業務抵消消費金融壓力</h2>
</div><p>Xiao said the company’s diversified ecosystem strategy is beginning to show results, with ecosystem businesses growing faster than the online loan facilitation business. He highlighted fintech empowerment, installment e-commerce and offline inclusive finance as areas that added momentum in the quarter.</p>
<div class="lb-trans"><p>肖表示，公司多元化生態系統戰略開始顯現成效，生態系統業務的增長速度超過了在線貸款服務業務。他強調金融科技賦能、分期電商和線下普惠金融是本季度增加動力的領域。</p>
</div><p>Chief Financial Officer James Zheng said the industry continued to operate through a period of adjustment, and Lexin’s online consumer finance business remained under pressure from macroeconomic uncertainty. However, he said growth in ecosystem segments, particularly fintech empowerment services, supported total loan volume.</p>
<div class="lb-trans"><p>首席財務官鄭傑表示，行業仍在經歷調整期，樂信的在線消費金融業務仍受到宏觀經濟不確定性的壓力。然而，他表示生態系統細分領域的增長，特別是金融科技賦能服務，支持了總貸款量的增長。</p>
</div><p>Zheng said non-online consumer finance gross merchandise volume, including offline inclusive finance, fintech empowerment services and e-commerce, grew to nearly 50% of total GMV and was up 42% sequentially. He said the fintech empowerment, or ShuKe, model involved partnerships with internet platforms and banks on risk assessment and credit risk assumption, with loan volume rising to around RMB 31 billion.</p>
<div class="lb-trans"><p>鄭表示，非在線消費金融的商品交易總額，包括線下普惠金融、金融科技賦能服務和電商，已接近總 GMV 的 50%，環比增長 42%。他表示，金融科技賦能（或稱 “數科”）模式涉及與互聯網平台和銀行在風險評估和信用風險承擔方面的合作，貸款量上升至約 310 億元人民幣。</p>
</div><p>“The build-up of the ShuKe model creates a robust revenue pipeline, and it will improve our long-term asset quality and ensure steady profitability across market cycles,” Zheng said.</p>
<div class="lb-trans"><p>“數科模式的建立創造了強大的收入管道，它將改善我們的長期資產質量，並確保在市場週期中保持穩定的盈利能力，” 鄭説。</p>
</div><h2>E-commerce gross profit rises as company prioritizes asset quality</h2>
<div class="lb-trans"><h2>電商毛利上升，公司優先考慮資產質量</h2>
</div><p>Lexin’s installment e-commerce business also contributed to the quarter’s performance. Xiao said the business expanded its supply chain and product offerings across categories including food, apparel, transportation, travel, shopping, entertainment and pets. During the quarter, the company added nearly 150 brands and launched an outlet channel for select merchants, signing more than 20 domestic and international fashion and sports brands.</p>
<div class="lb-trans"><p>樂信的分期電商業務也為本季度的業績做出了貢獻。肖表示，該業務在食品、服裝、交通、旅行、購物、娛樂和寵物等多個類別擴展了其供應鏈和產品供應。在本季度，公司新增近 150 個品牌，併為部分商家推出了奧特萊斯渠道，簽約了 20 多個國內外時尚和體育品牌。</p>
</div><p>Zheng said installment e-commerce GMV remained steady at RMB 2.2 billion, while gross profit from the business reached RMB 208 million, up 24% sequentially. Gross margin expanded by 169 basis points to 9.4%.</p>
<div class="lb-trans"><p>鄭表示，分期電商的 GMV 保持在 22 億元人民幣，來自該業務的毛利達到 2.08 億元人民幣，環比增長 24%。毛利率擴大了 169 個基點，達到 9.4%。</p>
</div><p>Management said the company deliberately moderated growth in the segment to keep credit risk within its risk appetite, even as demand remained strong.</p>
<div class="lb-trans"><p>管理層表示，公司故意放緩該細分市場的增長，以保持信用風險在其風險承受範圍內，即使需求依然強勁。</p>
</div><h2>Risk indicators continue to improve</h2>
<div class="lb-trans"><h2>風險指標持續改善</h2>
</div><p>Chief Risk Officer Arvin Zhanwen Qiao said Lexin’s asset quality improved in the first quarter as the impact of new industry regulations gradually subsided and industry-wide risk began to decline. Compared with the fourth quarter of 2025, Lexin’s day-one delinquency ratio for total assets declined by about 7%, while the 30-day collection rate continued to recover month over month. Qiao said FPD30 for new loans originated in the first quarter is expected to decline by about 6%.</p>
<div class="lb-trans"><p>首席風險官喬振文表示，隨着新行業法規的影響逐漸減弱，行業整體風險開始下降，樂信的資產質量在第一季度有所改善。與 2025 年第四季度相比，樂信的總資產首日逾期率下降了約 7%，而 30 天回收率持續逐月恢復。喬表示，第一季度新發放貸款的 FPD30 預計將下降約 6%。</p>
</div><p>Qiao said the company expanded the use of large models in risk management, including upgrades to high-risk asset management tools and automated risk inspection systems. He also said Lexin used large models to support real-time interactive credit line increases, helping the company better identify risk and tailor credit offers.</p>
<div class="lb-trans"><p>喬表示，公司擴大了在風險管理中使用大模型的範圍，包括對高風險資產管理工具和自動化風險檢查系統的升級。他還表示，樂信利用大模型支持實時互動的信用額度增加，幫助公司更好地識別風險並量身定製信用報價。</p>
</div><p>The company also focused on prime white-collar customers and small and microbusiness owners. Qiao said loan volume from prime white-collar customers rose 56% quarter over quarter, while volume from prime small and microbusiness customers increased 30%.</p>
<div class="lb-trans"><p>公司還專注於優質白領客户和小微企業主。喬表示，優質白領客户的貸款量環比增長 56%，而優質小微企業客户的貸款量增長了 30%。</p>
</div><p>In offline inclusive finance, Qiao said Lexin continued to develop county-level markets through localized risk models and credit strategies. He said the company has covered nearly 100 counties and served more than 4 million small and micro merchants and individual operators, while maintaining stable risk performance.</p>
<div class="lb-trans"><p>在線下普惠金融方面，喬表示樂信繼續通過本地化風險模型和信用策略開發縣級市場。他表示，公司已覆蓋近 100 個縣，服務超過 400 萬小微商户和個體經營者，同時保持穩定的風險表現。</p>
</div><h2>Financial results show higher revenue, lower net income</h2>
<div class="lb-trans"><h2>財務結果顯示收入增長，淨收入下降</h2>
</div><p>Zheng said net revenue from the credit business, after credit costs and funding costs, was RMB 1.5 billion, up 7.2% sequentially. He said the increase was largely driven by a RMB 382 million rise in tech empowerment service income, supported by lower provision top-ups as asset quality improved. Credit facilitation service income declined by about 10%, or RMB 253 million, reflecting volume and pricing headwinds in online consumer finance.</p>
<div class="lb-trans"><p>鄭表示，扣除信用成本和融資成本後的信貸業務淨收入為 15 億元人民幣，環比增長 7.2%。他説，增長主要得益於技術賦能服務收入增加 3.82 億元人民幣，得益於資產質量改善導致的撥備補充減少。信用促進服務收入下降約 10%，即 2.53 億元人民幣，反映了在線消費金融的交易量和定價壓力。</p>
</div><p>Total net revenue from the credit and installment e-commerce businesses was RMB 1.7 billion, up 9.1% quarter over quarter. Operating expenses rose 13.8% to RMB 1.4 billion, mainly due to higher sales and marketing expenses and investments in user engagement, service infrastructure, consumer protection and user experience. Net income fell 5.9% sequentially to RMB 201 million.</p>
<div class="lb-trans"><p>信貸和分期電商業務的總淨收入為 17 億元人民幣，環比增長 9.1%。運營費用增長 13.8%，達到 14 億元人民幣，主要由於銷售和市場費用的增加以及對用户參與、服務基礎設施、消費者保護和用户體驗的投資。淨收入環比下降 5.9%，至 2.01 億元人民幣。</p>
</div><p>Lexin’s total credit cost was RMB 1.3 billion, up 0.8% sequentially. Zheng said the increase was primarily volume-driven and aligned with new loan origination growth. He said the company’s gross provision ratio for new capital-heavy loans was about 7.2%, and its coverage ratio was 258% in the first quarter.</p>
<div class="lb-trans"><p>樂信的總信用成本為 13 億元人民幣，環比增長 0.8%。鄭表示，增長主要是由交易量驅動，並與新貸款發放增長相一致。他表示，公司新資本密集型貸款的毛撥備率約為 7.2%，覆蓋率在第一季度為 258%。</p>
</div><p>As of March 31, Lexin’s cash position, including cash equivalents and restricted cash, was approximately RMB 3.3 billion.</p>
<div class="lb-trans"><p>截至 3 月 31 日，樂信的現金狀況，包括現金等價物和受限現金，約為 33 億元人民幣。</p>
</div><h2>Management remains cautious on outlook and buybacks</h2>
<div class="lb-trans"><h2>管理層對前景和回購持謹慎態度</h2>
</div><p>In response to analyst questions, Xiao said the industry is becoming more mature and organized, with greater emphasis on compliance and user experience. He said Lexin will continue to focus on customer experience, high-quality assets, asset mix optimization and risk resilience while developing its diversified ecosystem businesses.</p>
<div class="lb-trans"><p>在回應分析師提問時，肖表示行業正變得更加成熟和有序，越來越重視合規性和用户體驗。他表示樂信將繼續專注於客户體驗、高質量資產、資產組合優化和風險韌性，同時發展其多元化生態系統業務。</p>
</div><p>Zheng declined to provide specific full-year financial targets, citing macroeconomic uncertainty. He said total loan volume is expected to remain relatively stable quarter over quarter, supported by ecosystem businesses, though online consumer finance may remain under pressure. He said credit costs should come down if risk continues to decline, assuming no major macroeconomic or regulatory changes.</p>
<div class="lb-trans"><p>鄭拒絕提供具體的全年財務目標，理由是宏觀經濟不確定性。他表示，預計總貸款量將在季度間保持相對穩定，受到生態系統業務的支持，儘管在線消費金融可能仍面臨壓力。他表示，如果風險持續下降，信用成本應該會降低，前提是沒有重大宏觀經濟或監管變化。</p>
</div><p>On shareholder returns, Xiao said Lexin plans to cancel 20 million American depositary shares, representing about 12% of total outstanding shares. He said the company has temporarily suspended new share repurchases because of macro uncertainty but may restart the program when market conditions are appropriate.</p>
<div class="lb-trans"><p>關於股東回報，肖表示樂信計劃取消 2000 萬份美國存托股票，約佔總流通股的 12%。他説，由於宏觀不確定性，公司已暫時暫停新的股票回購，但在市場條件合適時可能會重新啓動該計劃。</p>
</div><h2>About LexinFintech NASDAQ: LX</h2>
<div class="lb-trans"><h2>關於樂信科技 NASDAQ: LX</h2>
</div><p>LexinFintech Holdings Ltd. NASDAQ: LX is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company's core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.</p>
<div class="lb-trans"><p>樂信科技控股有限公司 NASDAQ: LX 是一家總部位於中國的消費金融和數字銀行平台，主要服務於年輕的、未充分服務的消費者。公司的核心產品是銷售點分期融資，使符合條件的客户能夠將購買分成固定的月付款，並收取透明的費用。樂信科技利用專有的數據分析和信用評分模型，為在線購買提供消費貸款，並提供支持各種零售和電子商務交易的信用額度。</p>
</div><p>In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.</p>
<div class="lb-trans"><p>除了其旗艦分期貸款服務外，樂信科技還開發了財富管理和金融科技即服務產品。</p>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即時新聞提醒由敍事科學技術和 MarketBeat 的金融數據生成，以便為讀者提供最快的報道和公正的覆蓋。如對本故事有任何問題或意見，請發送郵件至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in LexinFintech Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在樂信科技嗎？</h2>
</div><p>Before you consider LexinFintech, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮樂信科技之前，你需要聽聽這個。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LexinFintech wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦在更廣泛的市場注意到之前立即購買……而樂信科技並不在名單上。</p>
</div><p>While LexinFintech currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>雖然樂信科技目前在分析師中獲得持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

樂信集團第一季度財報電話會議亮點