Earnings ·
Lufax Holding Ltd reported unaudited financial results for the second quarter ended June 30, 2026
LULufax Holding Ltd
Lufax Holding Ltd reported unaudited financial results for the second quarter ended June 30, 2026. Total income decreased 15.5% year-over-year to RMB6,227 million (US$918 million), while net loss narrowed significantly by 86.2% to RMB82 million (US$12 million) from RMB594 million in the prior year period. The company's total outstanding loan balance fell 13.5% to RMB167.3 billion, though new consumer finance loans surged 27.6% to RMB36.9 billion. Asset quality metrics improved sequentially, with the C-M3 flow rate declining to 1.0% and the DPD 30+ delinquency rate dropping to 5.8%. The board determined that no semi-annual dividend would be paid due to the net loss for the first half of 2026. Lufax is a leading financial services enabler for small business owners in China.