Beijing time on May 17, China's leading financial technology companies Lexin (NASDAQ: LX) released financial results for the 2019 first quarter unaudited. Thanks to precise insight and service capabilities to enhance the demand for new consumer groups, continued high investment and financial technology to form the industry's leading technical barriers, Robinson revenue since the market for six consecutive quarters of double-digit growth.
2019 first quarter, revenue of 2 billion yuan Robinson (RMB, the same below), an increase of 22%; gross operating profit 907 million, an increase of 101%; non-US GAAP (Non-GAAP) EBIT 742 000 000 , an increase of 197%; net profit of 583 million, an increase of 228%.
As of the first quarter of 2019, Robinson users reached 42.2 million, an increase of 59.6%; the first quarter, Robinson led borrowings 20.1 billion, an increase of 35.6%; in the loan balance of 35 billion, an increase of 64.7%; asset performance remains stable, overdue more than 90 days was 1.42%.
Financial Technology income is still Wessing fastest growing segment. 2019 first quarter, Robinson income through science and technology for all types of financial services and access to financial institutions reached 911 million, nearly half a quarter last year, an increase of up to 342%. In addition, the first quarter, GMV staging music store 1.7 billion, an increase of 41.8%, five times the growth rate of total social retail sales over the same period, twice the national growth rate of retail sales of physical goods online.
Lexin CEO Xiaowen Jie said, "financial technology become a source of income Wessing first big income, thanks to Robinson has industry-leading financial technology capability, the first to achieve a comprehensive commercial AI in various business chain. Relying on the letter of music intelligent risk management system, intelligent matching funds matching capabilities, Robinson will continue connect more financial partners to service new new consumer groups. "
Xiaowen Jie said, "As the Chinese become mainstream consumer groups 90, 95, China's consumption structure will accelerate the upgrade, ushering in a new era of consumption. Consumer needs of young people is the core driver of future economic growth in China. In order to better serve young people changing consumer demand, Robinson proposed a new strategy this year, on the line 'music card' and other equity products, the future will focus on new consumer, layout in-depth consumer scenarios, consumer rights and consumer finance. "
01 | three major advantages to continue to strengthen the force new consumer
1 quarter, Robinson three major advantages in the scene, a diversified technology and financial aspects of funding sources continue to strengthen.
In terms of advantages scene, reported a Robinson's mall music stage high growth by more young users. 1 quarter, staging music store users topped 40 million; mall business strong growth, GMV grew more than 40%. As the pioneer of online shopping mall staging, staging music now has from 3C digital clothing to beauty and a dozen product categories, comprehensive coverage of the consumption needs of staging high-quality high-growth Chinese population. Third-party data research firm Ai Media Consulting research report released in 2018 showed that music has become the stage after stage 90 of the platform of choice for the consumer.
Based on past years for staging operations younger users and grasp consumer scene, Robinson presented this year around the "new people, new demands, new ways" to expand the layout of the scene, three orientation and financial interests. 1 quarter, Robinson introduced a new consumer brand "Le card." Music cards are a service to the quality of life of the young consumer equity platform, focused on the wide range of quality consumer rights under the young are busily online and offline, users can enjoy privileged membership discounts, and other distinguished service anytime, anywhere. Paid membership service "Le Black Card" has also made a breakthrough, the current penetration rate of the service Wessing active users has exceeded 20%.
Can be expected, as after 95, 00 after the rise of the young representatives of consumer groups, the quality of Chinese social class consumer services and rising share of consumption, consumer credit has become a mainstream consumption among young people, a large number of new consumer services the company will usher in a period of strategic opportunities.
02 | AI technology investment continued to increase in the chains of financial services application to build a leading technical barriers
Increasing investment in science and technology, continue to strengthen Wessing financial technology advantage, building a leading technical barriers, bring an acceleration of revenue increase. 2019 first quarter, Robinson R & D investment amounted to 93.8 million, an increase of 37.8% over the same period 68.1 million last year, accounting for Robinson operating expenses over 25%. Listed financial technology companies, Robinson financial investment in science and technology, research and development staff accounted for, are in a leading position.
As the AI to drive the development of financial technology platform, Robinson turned in recent years, a comprehensive financial wisdom, have full use of artificial intelligence in risk control, asset matching and customer service operations, which greatly helped Robinson financial partners to more efficiently connect more more consumers.
By Big Data and AI technology, Wessing in product recommendations, risk control and operations to enhance the efficiency and reduce the cost of risk. Currently, Robinson in a complex network, delivery address cluster analysis, LBS information cluster analysis, sequence analysis of user behavior, the public opinion analysis, voice quality inspection and many other machine learning applications, retaining its position as industry leader.
Currently, Robinson intelligent risk control engine "Eagle Eye" in order automated audit rate of 98%, a mass of small micro-financial assets processing technology platform "wormhole" financing matching success rate of 93%, while the long-term risk in the industry optimal control Level. 1 quarter, Robinson was more than 90 days of bad 1.42%.
Thanks to Robinson's ability to finance science and technology, music believed to further expand the number of financial partners, to increase the scope of cooperation and efforts. April 18, Lok Shun Industrial and Commercial Bank, China Minsheng Bank, dozens of large state-owned banks, insurance companies, consumer finance companies signed a strategic cooperation agreement, cooperation covers various fields including financial technology, intelligent marketing. At present, the number of financial partners Wessing has more than 100, the first quarter, more than 70 percent of new loans from financial institutions Wessing platform.
