Lufax Holding Ltd (LU) Form 6-K — Oct 16, 2026
Lufax Holding warned it expects a net loss of RMB1,300-1,700 million for Q3 2026, sharply wider than the roughly RMB694 million net loss recorded in the first half of the year. The widening loss is driven by increased credit impairment losses, additional tax expenses from a reduction of deferred tax assets at its financing guarantee subsidiary, and further tax costs tied to revised funding plans after redeeming the An Ke Technology Convertible Promissory Notes at maturity. Separately, Lufax appointed Ms. Jia Liu as Chief Financial Officer effective October 16, 2026.
Key figures
- Net Income
- -RMB1,300 million to -RMB1,700 million (Q3 2026 expected net loss)
- Loss widening
- Q3 expected loss of RMB1.3-1.7 billion vs RMB694 million in H1 2026
- H1 2026 net loss
- approximately RMB694 million
AI analysis
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