Likki Chen's questions to HX leadership • Q2 2019
Question
Likki Chen from Essence Securities inquired about management's expected timeline for the recovery of the P2P industry and Hexindai's own business. He also asked for the outlook on margin trends and the strategy for marketing and headcount in 2019.
Answer
CEO Xinming Zhou, via a translator, projected a general industry recovery in the second half of 2019, with Hexindai potentially recovering earlier in the first half. CFO Qisen Zhang added that while short-term margins will be pressured by promotions, long-term margins are expected to increase as the yield rates offered to lenders decrease.