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Exhibit 99.1 LexinFintech Holdings Ltd. Reports Second Quarter 2021 Unaudited Financial Results SHENZHEN , China , August 25 , 2021 ( GLOBE NEWSWIRE ) -- LexinFintech Holdings Ltd. ( “ Lexin ” or the " Company " ) ( NASDAQ : LX ) , a leading online consumption and finance platform for new generation consumers and users in China , today announced its unaudited financial results for the quarter ended June 30 , 2021 . " We are pleased to announce a quarter where key financial metrics¹ scaled new highs . Number of active users rose 24 % year over year to 8.4 million , driving up loan origination by 47.6 % to RMB60.6 billion . Total loan outstanding also achieved an all - time record , rising 46.2 % year over year to RMB90.5 billion , " said Mr. Jay Wenjie Xiao , Lexin's chairman and chief executive officer . “ But it's no time to stay content and complacent . Recent regulatory changes have sought to reshape the operating environment of financial institutions and their technology partners . We have decided therefore to lower full year guidance on total loan originations to RMB230 billion from RMB240-250 billion . " " We will slow down our pace , and step up the focus on asset quality and profitability of our business model . We have been making adjustments to our business , to ensure compliance as well as to further strengthen customer acquisition , funding structure , operations and risk management . Any impact will be transitory and manageable , ” continued Mr. Xiao . “ At the same time , we will also continue to build up Lexin's capability in serving China's new generation consumers and tapping into new growth opportunities . " " Our credit quality has remained stable for new loan originations , ” said Mr. Jayden Yang Qiao , Lexin's chief risk officer . " Our vintage charge - off rates² for the loans originated during the latest 12 months were estimated to be around 3.5 % and 90 day + delinquency ratio³ was 1.85 % as of June 2021. In addition , as you can see from the graphs disclosed with our latest earnings release , our first payment default rate ( 30 day + ) 4 for new loan originations have stayed well under 1 % . " " We are proud of our performance in the second quarter , ” said Kris Qian Qiao , Lexin's acting chief financial officer . " Total operating revenue rose 10.5 % to RMB3.3 billion , setting a record level . Net income reached an all- time high as well , increasing by 87.7 % to RMB787 million . The results reflect our prudent risk management and cost management . Refining risk strategy and improving operational efficiency remain our top goals . They will steer Lexin through any market uncertainties . " 1 Our key financial metrics refer to loan originations , total outstanding principal balance , revenue , non - GAAP EBIT , net income , adjusted net income and adjusted earnings per ADS . 2 3 Vintage charge - off rate refers to , with respect to on- and off - balance sheet loans originated during a specified time period , which we refer to as a vintage , the total outstanding principal balance of the loans that are charged off during a specified period , divided by the total initial principal of the loans originated in such vintage . Please refer to vintage curve at the end of " Second Quarter 2021 Financial Results " of this press release . 90 day + delinquency ratio refers to outstanding principal balance of on- and off - balance sheet loans that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of on- and off- balance sheet loans on our platform as of a specific date . On - balance sheet loans that were over 179 calendar days past due and charged off are not included in the delinquency rate calculation . Off - balance sheet loans that were over 179 calendar days past due are assumed charged off and not included in the delinquency rate calculation . The Company does not distinguish on the basis of the on- or off - balance sheet treatment in monitoring the credit risks of borrowers and the delinquency status of loans . 4 Loan balance with first payment day past due 30+ over total loan origination . Page 1 of 13