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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 second quarter 2021 financial results after the market closes on Monday, August 9, 2021. The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Monday, August 9, 2021 (9:00 A.M. Beijing Time on Tuesday, August 10, 2021) to discuss the financial resul

Lufax to Announce Second Quarter 2021 Financial Results on August 9, 2021

Lexinfintech Hlds

Shares of these Chinese fintech companies are suffering as regulators increase their oversight on Chinese companies listing on American stock exchanges.

Why Shares of LexinFintech Holdings, Lufax Holding, and 360 DigiTech All Fell Today

SHANGHAI--(BUSINESS WIRE)--Lu International (Singapore) ("LUI"), a subsidiary of Lufax Holding Ltd ("Lufax", NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that it has established a strategic partnership with Schroders Singapore, a wholly owned subsidiary of Schroders, an asset management company, to co-innovate digital wealth solutions in Southeast Asia with the aim of addressing the fast-growing needs of retail investors in the region.

Lufax Subsidiary Lu International and Schroders Singapore Partner to Co-Innovate Digital Wealth Solutions for Investors in Southeast Asia

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 its retail credit facilitation platform subsidiary, Ping An Puhui ("Puhui"), has launched a smart loan solution powered by artificial intelligence (AI). Named “Xingyun”, it leverages AI to simplify the loan application process, reducing the average time spent in a loan application process for small and micro custom

Lufax Retail Credit Platform Ping An Puhui Launches AI-Powered Smart Loan Solution

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 its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$300 million of its American depositary shares (“ADSs”) for the next six months. The Company's proposed repurchases may be made from time to time in the open market at prevailing market prices, in private

Lufax Announces Share Repurchase Plan by the Company and Senior Management

Lufax Holding Ltd (LU) CEO Greg Gibb on Q1 2021 Results - Earnings Call Transcript

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, 2021. First Quarter 2021 Financial Highlights Total income increased by 16.9% to RMB 15,251 million (US $2,328 million) in the first quarter of 2021 from RMB 13,046 million in the same period of 2020. Net profit increased by 18.7% to RMB 4,969 million

Lufax Reports First Quarter 2021 Unaudited 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 first quarter 2021 financial results after the market closes on Monday, April 26, 2021. The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Monday, April 26, 2021 (9:00 A.M. Beijing Time on Tuesday, April 27, 2021) to discuss the financial results

Lufax to Announce First Quarter 2021 Financial Results on April 26, 2021

Moody's

LU vs. MCO: Which Stock Is the Better Value Option?

Synchrony Financial

SYF vs. LU: Which Stock Is the Better Value Option?

SYF or LU: Which Is the Better Value Stock Right Now?

Lufax Holding Ltd (LU) has been struggling lately, but the selling pressure may be coming to an end soon

Lufax Holding Ltd (LU) Sees Hammer Chart Pattern: Time to Buy?

SWKH vs. LU: Which Stock Is the Better Value Option?

SWKH vs. LU: Which Stock Should Value Investors Buy Now?

As of late, it has definitely been a great time to be an investor in Lufax Holding (LU).

Lufax's (LU) Shares March Higher, Can It Continue?

Lufax is a leading online Internet finance marketplace in China offering retail credit and wealth management services to Chinese borrowers and investors. The company is ranked in the top 3 in the Chinese retail and wealth management market against Ant Group and Tencent.

Lufax: Best Chinese Fintech Stock To Buy

Lufax Holding Ltd. (LU) CEO Greg Gibb on Q4 2020 Results - Earnings Call Transcript

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 fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Financial Highlights Total income increased by 5.9% to RMB13,286 million (US$2,036 million) in fourth quarter of 2020 from RMB12,549 million in the same period of 2019. Net profit increased by 17.4% to RMB2,

Lufax Reports Fourth Quarter and Full Year 2020 Unaudited 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 2020 financial results after the market closes on Tuesday, February 2, 2021. The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Tuesday, February 2, 2021 (10:00 A.M. Beijing Time on Wednesday, February 3, 2021) to discuss th

Lufax to Announce Fourth Quarter 2020 Financial Results on February 2, 2021

China Mobile Limited

Dada Nexus

GDS Hlds

Huami

China is the only major economy that grew in 2020, with its GDP projected to add an extra 8% in 2021.Fintech Lufax, delivery firm Dada Nexus and smartwatch maker Huami will benefit from the country's strengthening consumer confidence and growing disposable income.

5 Unconventional Chinese Tech Stocks To Buy Before 2021

Lufax Holding is a value creator in the Chinese credit market. It is dominating the high-end segment.

Lufax: An Undervalued New Chinese Fintech Stock

It's not an ideal time to be a cutting-edge lender in China these days.

Why Lufax Holding Stock Crashed on Wednesday

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 and nine months ended September 30, 2020. Third Quarter 2020 Financial Highlights Total income increased by 10.5% to RMB13,076 million (US$1,926 million) in third quarter of 2020 from RMB11,838 million in the same period of 2019. Net profit decreased by 36.8% to RMB2

Lufax Reports Third Quarter 2020 Unaudited 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 2020 financial results after the market closes on Tuesday, December 1, 2020. The Company's management will hold an earnings conference call at 8:00 P.M. U.S. Eastern Time on Tuesday, December 1, 2020 (9:00 A.M. Beijing Time on Wednesday, December 2, 2020) to discuss the financi

Lufax to Announce Third Quarter 2020 Financial Results on December 1, 2020

Ping An Insurance Company of China, Ltd's (OTC: PNGAY) wealth management and the retail lending unit has become a short seller target after suspension of Alibaba Group Holdings Ltd's (NYSE: BABA)-backed Ant Group IPO, according to Bloomberg. Fintech Lufax Holding Ltd (NYSE: LU) debuted in October.

Lufax Becomes The Next Short Seller Target After Ant IPO Halt: Report

Allegro MicroSystems

Atea Pharmaceuticals

Biodesix

Gatos Silver

Galecto

Leslie's

MediaAlpha

Root

SQZ Biotechnologies

The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and two SPACs scheduled to raise $900 million. Russian e-commerce company Ozon Holdings plans to raise $750 million at a $4.4 billion market cap.

U.S. IPO Week Ahead: The IPO Market Takes A Break During The Shortened Holiday Week

This leading Chinese fintech has good growth prospects.

News for Lufax Holding Stock (LU)