Recent Updates — LX

The Nasdaq Stock Market notified LexinFintech Holdings Ltd. that its American Depositary Shares failed to meet the $1.00 minimum bid price requirement for ten consecutive business days between September 1 and October 13, 2026. The company has been granted a compliance period of 180 calendar days, ending April 12, 2027, during which the ADS closing price must exceed $1.00 for at least ten consecutive trading days to avoid delisting proceedings. LexinFintech is evaluating options to regain compliance, including a potential adjustment to its ADS ratio, though there is no assurance it will succeed. The company operates as a technology-empowered personal financial service enabler in China.

LexinFintech Holdings Ltd. reported unaudited second quarter 2026 financial results ending June 30, 2026. Total revenue decreased 11.2% year-over-year to RMB3.2 billion (US$470 million), while net income attributable to ordinary shareholders fell 80.2% to RMB101 million (US$15 million). Net income per ADS was RMB0.61. The company repurchased approximately US$39 million of ADSs under its existing program, bringing total repurchases since July 2025 to roughly 5.8% of outstanding shares. Additionally, the Board updated the dividend policy to an annual evaluation cycle effective fiscal year 2026, distributing 30% of net income as cash dividends; no specific per-share amount was announced for this change. The fintech company operates in China's personal financial services sector, facilitating loans and providing technology solutions.