On August 28th, Lexinfintech (LX.US), a leading Chinese digital technology service provider in the emerging consumer market, released its unaudited financial performance for the second quarter of 2024. In the second quarter, Lexinfintech achieved steady business development: revenue reached 3.64 billion yuan, a 12.3% increase compared to the previous quarter; non-GAAP EBIT profit reached 0.31 billion yuan, a 9% increase compared to the previous quarter; net income reached 0.23 billion yuan, a 12.4% increase compared to the previous quarter. In terms of scale, the company's transaction volume in the second quarter was 51.1 billion yuan; the on-balance-sheet loan balance was 115.2 billion yuan; and the number of users was 0.22 billion, a 10.2% increase compared to the same period last year. In terms of asset quality, the company adheres to a risk-first approach and balances risk control and scale growth. During the quarter, the company's newly added asset risk continued to improve, and the overall risk of assets gradually improved: the delinquency rate at the end of the second quarter decreased by about 7% compared to the beginning of the quarter, and the 30-day recovery rate increased by about 1.5% compared to the beginning of the quarter. Lexinfintech CEO XiaowenJie said, "Since the fourth quarter of last year, we have comprehensively upgraded our risk team and risk system. The underlying risk control capabilities have significantly improved, and the company's systematic ability to resist risk cycles has continuously strengthened, and profitability has begun to improve gradually. Looking ahead to the second half of the year, we will continue to adhere to the principle of prudent operation, prioritize risk management, and focus on the following tasks: first, promote steady growth in scale based on the return of risk to normal levels, and comprehensively enhance profitability; second, leverage the differentiation advantage of our own scenarios, enhance user stickiness, and increase user activity; third, actively promote the accelerated development of overseas businesses, closely monitor and explore more opportunities in emerging markets.