LexinFintech Holdings Ltd.

Ladies and gentlemen, thank you for standing by and welcome to the Lexin Fintech First Quarter 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. I must advise you that this conference has been recorded today. I would now like to hand the conference over to your speaker today, Mr. Tony Hung, Senior Director of Capital Markets. Thank you, and please go ahead, sir.

Thank you, Operator. Hello, everyone, and welcome to Lohsing's First Quarter 2020 Earnings Conference Call. The company's results were issued earlier today and are posted online. Joining me today on the call are Mr. Jay Xiao, our Founder Chairman and Chief Executive Officer, Mr. Craig Zheng, our Chief Financial Officer, Mr. Ryan Liu, our Chief Risk Officer, Mr. Stanley Zhao, our Senior Financial Director, and other members of our team. For today's agenda, Mr. Xiao will provide an overview of our recent performance and highlights, Mr. Zheng will discuss our financial results, and Mr. Liu will discuss our credit performance. Before we continue, I refer you to our Safe Harbor Statement in the earnings press release, which applies to this call, as we will make forward-looking statements. Also, please note that this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. Finally, please note that, unless otherwise stated, all figures mentioned during this conference call are in living deed. I will now turn the call over to our CEO, Mr. Xiao, and I will translate for you.

The total collection amount of 34.1 billion yuan increased by 69.5% and exceeded the previously expected target of 3.2 billion yuan. The number of users reached 84.2 million and increased by 99.7% respectively. The real number has a high history of creation. Since the first quarter, the number of熱性管理交代余额58.5 billion and increased by 67.2% respectively. In the first quarter, the revenue increased by 25 billion and increased by 40.9% respectively.