LX Continues Upward Trend with Impressive Financial Performance

20 hours ago

LX Holdings (LX, Financial) saw its stock rise over 1% in pre-market trading, marking a nearly 25% increase this month. The company is set to achieve another record high at market open. This surge follows the release of its unaudited financial results for the third quarter of 2024, which reported revenues of 3.66 billion yuan and a non-GAAP EBIT profit of 409 million yuan, a 33.2% increase from the previous quarter.

By the end of the first three quarters, LX's profit exceeded 1 billion yuan. With anticipated fourth-quarter earnings, the company is on track to achieve its highest annual profit in three years.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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