Lufax Holding

Lufax Holding Ltd. operates a technology-empowered personal financial services platform. It offers personal lending and wealth management solutions. The company was founded in August 2005 and is headquartered in Shanghai, China.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lufax Holding faces challenges in Q4 but shows resilience

Lufax Holding navigated challenges in Q4 2022, focusing on asset quality, cost optimization, and strategic growth initiatives amidst a changing macro environment.
Despite revenue declines and a net loss, the company showed strengths in customer finance growth, cost management, and strategic planning for sustained profitability.
Challenges in asset quality metrics and new loan volumes were offset by opportunities in economic resilience, innovation, and cost optimization strategies.
The company's performance and strategic direction indicate a resilient approach to market dynamics and a commitment to long-term growth and shareholder value.

Lufax Holding reports Q1 profitability amid economic recovery challenges

Lufax Holding navigated challenges in Q1 2023 by achieving profitability through lower credit impairment losses and focusing on a more resilient business model. Despite facing questions on loan pricing, asset quality, and funding costs, the company demonstrated strengths in improving credit and asset quality. Opportunities for growth exist in tech-based income growth and strategic initiatives for recovery.

Lufax Holding prioritizes asset quality and cost efficiency in Q2

Lufax Holding's Q2 performance reflected a focus on asset quality, cost optimization, and transitioning to a 100% guarantee model. While facing challenges in new loan sales and credit loss provisions, the company aims for positive long-term results. Opportunities in U-shape recovery, higher-quality customer segments, and new product strategies position Lufax for growth.

Lufax Holding (LU) reports solid Q3 performance amidst profitability transition

Lufax Holding (LU) delivered strong financial results in Q3 2023, showcasing growth in key areas and a focus on operational efficiency. While facing profitability pressures in the medium term, the company is strategically positioned to capitalize on growth opportunities and enhance shareholder value.

Lufax Holding (LU) faces Q4 challenges but shows commitment to shareholders

Lufax Holding (LU) reported a decline in financial metrics in Q4 2023 due to strategic shifts and derisking actions. Management's emphasis on cost optimization and shareholder returns through special dividends reflects a disciplined approach. Challenges include profitability hurdles post-transition and macroeconomic headwinds for SBOs.

Lufax Holding reports Q1 loss, focuses on quality over quantity

Lufax Holding's Q1 2024 showcased challenges in loan sales and revenue, offset by asset quality improvements and consumer finance growth.
The company's shift to a 100% guarantee model impacted risk-bearing positively, aligning with a focus on quality over quantity.
Despite financial challenges, opportunities lie in special dividends, asset quality sustainability, and optimizing unit economics.

Lufax Holding reports Q2 loss, eyes growth through strategic moves

Lufax Holding faces challenges with a significant decline in total income and a net loss for Q2 2024, prompting a focus on financial performance.
Strategic acquisitions and efforts to reduce funding costs and improve operational efficiency signal a proactive approach to addressing challenges.
Asset quality improvements and decreased credit impairment losses demonstrate positive steps in managing risk and enhancing financial stability.
Collaboration potential with Ping An Group and opportunities for market expansion present avenues for growth and strategic development.

Lufax Holding reports steady growth in consumer finance amidst challenges

Lufax Holding demonstrated resilience in consumer finance growth and asset quality stability amidst challenges in Puhui loan demand.
The company's strategic initiatives, including the small lending license acquisition, aim to drive future growth and enhance operational efficiency.
While facing revenue challenges and a net loss in Q3, Lufax Holding remains focused on optimizing costs and exploring new market opportunities.
Overall, Lufax Holding's performance reflects a balanced approach to navigating market dynamics and pursuing sustainable growth strategies.

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Lufax Holding Ltd (NYSE:LU ) Q1 2022 Earnings Conference Call May 25, 2022 9:00 PM ET Company Participants Chen Yu - Head of Board Office and Capital Markets Guangheng Ji - Chairman of the Board and Chairman of Lufax Executive Committee Gregory Dean Gibb - Director and Co-Chief Executive Officer James Xigui Zheng - Chief Financial Officer Conference Call Participants Winnie Wu - Bank of America Merrill Lynch Thomas Chong - Jefferies LLC Hans Fan - CLSA Ltd. Operator Ladies and gentlemen, thank you for standing by, and welcome to Lufax Holding Limited First Quarter 2022 Earnings Call.

Lufax Holding Ltd (LU) CEO Gregory Dean Gibb on Q1 2022 Results - Earnings Call Transcript

Lufax Holding Ltd. Sponsored ADR (LU) delivered earnings and revenue surprises of 9.68% and 6.38%, respectively, for the quarter ended March 2022.

Lufax Holding Ltd. Sponsored ADR (LU) Tops Q1 Earnings and Revenue Estimates

SHANGHAI--(BUSINESS WIRE)--Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights Total income increased by 13.5% to RMB17,316 million (US$2,732 million) in the first quarter of 2022 from RMB15,251 million in the same period of 2021. Net profit increased by 6.5% to RMB5,290 million (US$

Lufax Reports First Quarter 2022 Financial Results

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SHANGHAI--(BUSINESS WIRE)--Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that it plans to release its first quarter 2022 financial results after the market closes on Wednesday, May 25, 2022 U.S. Eastern Time. The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Wednesday, May 25, 2022 (9:00 A.M. Beijing Time on Thursday, May 26, 2022) to discuss th

Lufax to Announce First Quarter 2022 Financial Results on May 25, 2022

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Lufax Holding Ltd's (LU) CEO Gregory Dean Gibb on Q4 2021 Results - Earnings Call Transcript

SHANGHAI, China--(BUSINESS WIRE)--Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021. In addition, Lufax announced a cash dividend of US$0.68 per ordinary share (US$0.34 per ADS) with a record date of April 8, 2022 and a new US$500 million share repurchase program. Fourth Quarter 2021 Financial Highlights

Lufax Reports Fourth Quarter and Full Year 2021 Financial Results

SHANGHAI, China--(BUSINESS WIRE)--Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that it plans to release its fourth quarter 2021 financial results after the market closes on Wednesday, March 9, 2022 U.S. Eastern Time. The Company's management will hold an earnings conference call at 8:00 P.M. U.S. Eastern Time on Wednesday, March 9, 2022 (9:00 A.M. Beijing Time on Thursday, March 10, 2022) t

Lufax to Announce Fourth Quarter 2021 Financial Results on March 9, 2022

HONG KONG and SHANGHAI, Feb. 14, 2022 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) is pleased to announce that Lufax Holding Ltd (NYSE: LU), an associate company of the Group, has been selected for inclusion in the MSCI China All Shares Index.

Lufax Holding Ltd Enters MSCI China All Shares Index

Lufax went public in the U.S. in October 2020, raising $2.36 billion in gross proceeds.

Lufax Readies Dividend Plan As It Projects Regulatory Confidence

Comparing my selection of financial KPIs, I show that Lufax is currently valued moderately higher than its peers. However, being the industry leader with a strong backer and a solid safety profile still make LU a good investment, as it is trading at a P/E ratio of 5.5.

Lufax: The Industry Leader That Is Barely Known

Lufax Holding Limited (LU) CEO Gregory Gibb on Q3 2021 Results - Earnings Call Transcript

Lufax Holding Ltd. Sponsored ADR (LU) delivered earnings and revenue surprises of 13.04% and 2.68%, respectively, for the quarter ended September 2021.

Lufax Holding Ltd. Sponsored ADR (LU) Tops Q3 Earnings and Revenue Estimates

SHANGHAI--(BUSINESS WIRE)--Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Total income increased by 21.8% to RMB15,924 million (US$2,471 million) in the third quarter of 2021 from RMB13,076 million in the same period of 2020. Net profit increased by 90.8% to RMB4,115 million

Lufax Reports Third Quarter 2021 Financial Results

SHANGHAI--(BUSINESS WIRE)--Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that it plans to release its third quarter 2021 financial results after the market closes on Tuesday, November 9, 2021. The Company's management will hold an earnings conference call at 8:00 P.M. U.S. Eastern Time on Tuesday, November 9, 2021 (9:00 A.M. Beijing Time on Wednesday, November 10, 2021) to discuss the financ

Lufax to Announce Third Quarter 2021 Financial Results on November 9, 2021

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SHANGHAI, Sept. 23, 2021 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading technology-empowered personal financial services platform in China, today released its first Environmental, Social and Governance (ESG) report.

Lufax Releases First ESG Report Highlighting Commitment to Inclusive Finance

SHANGHAI, Sept. 17, 2021 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that the Company will be added to the following FTSE ESG Low Carbon Select Indexes, following FTSE Russell's most recent quarterly review.

Lufax Joins FTSE ESG Low Carbon Select Indexes

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Lufax achieved positive year-over-year growth in key financials during the second quarter of 2021.

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