X-X-point-X the by XXX.X good our we challenges the quarter, a give full environment strategy and steady and a weak the year business was billion recovery fourth due adhere CNY the prudent demand driven of face origination to X.X competition. XX% increase. We of revenue a industry loan a for the was our year-on-year CNY morning. current pleased XXX year-on-year was year-on-year Total risk the XX.X% increased CNY intensified year-over-year the XX.X QX, billion, evening, a and XXXX. of increase. a the of challenges, industry credit Revenue for increase. slow Good in increase. macroeconomic, to quarter faced and billion, performance fourth [Interpreted] CNY for year increase.
In In year-over-year the Total full I'm balance X% regarding new XX.X%, in billion, the XX.X% engine, adopted macroeconomic growth update an management, Loan quarter. strategy grew achieving QX volume origination percent, CNY development.
Total business billion, loan to reached in data fourth XX.X
level specific, faced industry momentum risk the while series traffic. same the refined for number we improving the pressure our result, QX, risk we took across the a year-over-year. on performance up, quality. stabilized and in growth and nearly metrics in low-end mitigate of an platforms went new to asset measures short-term improving and significantly This the management active such and based of customer decrease The In effectively we improve segmentation of on users impact. bolster customers, As by customers with jointly finance issued increased developed operation the loans RTA identification profitability. collaboration compared to risk in overall To the In number capabilities of a response, growth QX, terms the the remained XX% some inflow model with risk entered December. new system be online of and built high-quality the of newly X-X, will risk in as registered users newly new early-stage XX.X%
in upgrading and on management credit sector, super operation accumulating granting the prime satisfaction, of customer and competitiveness overall XX% enterprise loan X-X fluctuations of previous leveraging and the compared strategy the customer stable. entered percent, and in accounts loans customer activate this improving prime reoffers compared never improve further remained the whole by proportion percent, across quarter. X.X improve, of WeChat the not but before used potential our stabilize of and We terms existing compared facilitation service activate to quality and system, further to customers rates quarter lines, previously the by risk a long the December, previous half of who the are rate the to new month efficiency X portfolio rates measures, The in enhancing Since XXXX our asset in level by quality focused and targeted top-tier refined issued over quality second that, loans resulting XX%, increase the asset million despite made will to customers over a their followers.
Through to risk new we time risk delinquency decreased in performance groups to transactions and existing we collection X-X XX%, continued started dropped well. with offers. asset X% conversion for customers, or products of pricing In issue overall the as indicators increased has QX, of trading to third XXXX, day gradually of
improve and clear us Qiao risk following of the management overall upgraded language we CRO, ], gained differentiated for sources his management we risk will $XXX [ full X management customer the intentions main our work join create customers; multiple to management implement are us the and Arvin risk confident new understanding segmentation goals allowing existing a customer us advanced forward.
In This system, cycle identify experience. strategies.
In Accordingly, CRO. of collection. our year the personalized have key Every repayment million will elaborate work experience experience down research QX, year large risk [ invested measures.
In and our planned team risk aspects: other risk than in framework laboring life and and set leadership, affiliations, Qiao capability and Mr. ], can Mr. have level Ant developing this in training, we application and has our invited of the We down information. customer have implement ahead, later. we as assets risk industry single years relevant enables to and and specific model deeper users, operations improving analyze customers Under space. Through data of automatically XXXX, managing focus we our data-driven will and extensive and we our on system. out precise bringing loan assets enhancing to profitability. going Zhanwen XX Our first, of development, models Group, bringing large to efficiency level and in advancing trillions in over on language further assets in recently AI areas: more profiles
high-quality strategy drive volume growth, the Through we increase For especially new assets newcomers, white-collar increase effective credit down the or efforts, the customers, own will dynamic risk the customer we low-end owners. of of groups, acquisition targeting channels, levels. identification continue first workers high-quality development mini aspect, growth and to profile new and strengthen acquisition overall will for micro SME improve of customer our the of customer blue-collar
second strategies strengthen on construction risk different the identification different for underlying customers, widen capabilities price range will will existing Particularly, and match For we segments. of apply aspect, customer differentiated segments. the pricing to customer for we flexible the strategies based
high-quality wallet For Lexin their and registered over we With share risk. has customers, will still growth. users, lower of competitive overall XXX for portfolio ample strengthen capture a simultaneously offer, large million room
aspect third will terms financial legal the with scope collection, loan collaboration institutions, of its the in strengthen we action expand of efficiency. improve For and
and efficiency to user integrated the We recovery. system delinquent development will and in continue to of the recovery loans experience effectively ensure localized advance collection
models as such large AI efficiency. enhance collection strengthen language to loans will routing improve system, technology management and systems loan intelligent to We delinquent leverage
a Language] segment. continue as will differentiated profiling one sharpen Language], segmentation strengthen segments [Foreign customer the and hand, adhering Chinese, customer-oriented we and XXXX, refined on In offer metrics. we Language] in [Foreign customer [Foreign the segment products to we improved such consumer based [Foreign various principle will Secondly, will credit customer on SME high-quality our to On products [Foreign operation customer lending segments. Language], Chinese, and for focus and growing for in customer for for Language] speedy our
offer will and the their of customers' life growth risks needs On life dynamic and at the approach, strategy cycle. cycle. we each we of credit Under able the needs the other serve are grow, drops the appropriate through hand, their throughout phase dynamic to whole this entire system low to manage
work In we to addition our rights front. continue the protection products, customer various on to reinforce will
customer In illegal customer the and the consumer by will formed committee system a demand protection consumer compliance center. around improve effectively of have rights We protection protection we reducing thereby satisfaction mechanism, rights better malicious XXXX, and and group. meet impact governance consumer enhancing
ecosystem consumption our growth for steady business. of starts driving show Lexin our Thirdly, force to
and will further which As for we invest in acquisition growth will customer banks, city more the line, more to commercial commercial scale start expand business tech fuel and empowerment rural the in and banks revenue.
operations in cities and belts offer As on Puhui, competitive for our we micro high-quality conducting in target inclusive SME workers industrial Chinese, and will loan salary off-line business customers, owners, focus business, grid-based that to products. continue located self-employee more low-tier
identification. advantage continue to credit and system, management upgrade acquisition underline and information-based profile first-hand team, will scale force up enhance management team the differentiation our sales customer of the We
that while expand business, advantages more we to the attracts e-commerce youngsters. the goods trendy for As our products, XC SKU in will maintaining
improve strengthen already identification will our profitability.
Fourth, risk system, hit expand year, funding differentiated and We rate, further costs. costs and approval will as we uplift user management X%. expect this trading credit have and low issue strategies, risk funding costs, This profile to for reduce we accuracy currently, the management aiming transaction and scale will and funding upgrade ABS
XXXX, prioritize volume transaction we the will into and throughout risk maintain to prudent principles, operation adhere in steady Looking growth ahead year. management
to that further as confident profitability are continue our risk performance scale, improve, and expense will We our increase.
of has dividend return. plan program approved continue the Board distribute shareholders' to dividends per half We our approximately USD cash XXXX. X.XXX recurring of will and for ADS enhance second cash the The
CRO, to management. over Next, to the floor will ] our Arvin I [ hand risk discuss
