Hexindai Inc. (NASDAQ:HX) Q1 2020 Earnings Conference Call - Final Transcript

Sep 18, 2019 • 08:00 am ET


Hexindai Inc. (NASDAQ:HX) Q1 2020 Earnings Conference Call - Final Transcript


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Hello, ladies and gentlemen, and thank you for standing by for Hexindai's First Quarter Fiscal Year 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. As a reminder, today's conference call is being recorded.

I would now like to turn the meeting over to your host for today's call, Ms. Daisy Wang, Investor Relations Director. Please proceed, Daisy.

Daisy Wang

Thank you, operator. Hello, investors, analysts and colleagues. Thank you for joining us today. Our earnings release was distributed earlier today and is available on our IR website at ir.hexindai.com. On the call today from Hexindai are Mr. Xiaobo An, our Founder, Chairman and CEO; and Ms. Kerrie Zhang, our CFO. Mr. An will review business operations and Company highlights, followed by Ms. Zhang, who will discuss financials. They will be available to answer your questions during the Q&A session that follows.

Before we begin, I'd like to remind you that this conference call may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements can be identified by terminologies such as will, expects, anticipates, future, intends, plans, believes, estimates, potential, continue, ongoing, targets, guidance and similar statements.

The Company may also make written or oral forward-looking statements in its periodic reports to the US Securities and Exchange Commission, the SEC, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.

Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following; the Company's goals and strategies; its future business development, financial condition and result of operations; the expected growth of the credit industry and marketplace lending, in particular, in China; the demand for and market acceptance of its marketplace's products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry.

Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this call is current as of the date of this call, and the Company does not undertake any obligation to update such information, except as required under applicable law.

It is now my pleasure to introduce our Founder, Chairman and CEO, Mr. An. Please go ahead.

Xiaobo An

[Foreign Speech]

Thank you, everyone, for joining our call today.

[Foreign Speech]

The first quarter of fiscal year 2020 marked the beginning of a