LexinFintech Holdings Ltd.

Thank you for standing by. Welcome to Le Sing Fintech 4th Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 11 on your telephone. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your first speaker today, Mr. Jamie Wang, IR Manager. Thank you. Please go ahead.

Thank you, Desmond. Hello, everyone. Welcome to Lilxing's fourth quarter and full year 2022 earnings conference call. With us on the line today are our CEO, Jay Hsiao, President Jared Wu, and CFO James Chung. Before we get started, I'd like to remind you that the call and presentation contain business outlook and forward-looking statements, which are based on the assumptions as of today. The actual results might differ materially, and we undertake no obligation to update any forward-looking statements. Jay will first provide an update on our overall performance. James will cover the financial results in more detail. And lastly, Jared will then discuss risk management. I'll now turn the call over to our CEO, Jay. His remarks will be in English and the, sorry, his remarks will be in Chinese, and the English translation will follow. Jay.

Hello, everyone. I am very happy to share with you the performance of our fourth quarter of 2022. In the fourth quarter of 2022, the whole country experienced a turning point in the epidemic, which brought a lot of pressure to the macroeconomic economy. Although so, we insist on taking risks as the center, driving decision-making with data, and continuing to advance detailed operations. This has allowed us to successfully overcome the difficulties and achieve good results. In the fourth quarter, the transaction amount reached 5.61 billion yuan, which is equivalent to a growth of 29 billion yuan, and the management volume was 99.6 billion yuan. The same growth of 16% revenue 3.1 billion the same growth of 38.7% net profit 300 million the same growth of 17.9% asset quality stable down capital costs from three quarters of the seven down to 6.8% profit and loss continue to increase net profit from a quarter of 4.8% steady rise to four quarters of 9.9% from four quarters of The data shows that Le Xin has been in steady growth for three consecutive seasons and has realized a slight reversal.