Lufax Holding Ltd (LU) Form 6-K — Oct 27, 2026
Lufax reported a Q3 2026 net loss of RMB1,494 million (US$223 million), nearly quadrupling from RMB380 million a year earlier, driven by credit impairment losses rising 10.3% to RMB4,511 million and income tax expense surging 946.5% to RMB773 million on deferred tax asset reductions and withholding taxes tied to dividend distributions. Total income fell 4.6% YoY to RMB6,180 million (US$922 million), with technology platform income down 24.1% and guarantee income down 24.6%, while net interest income grew 10.3% on consumer finance expansion. New consumer finance loans rose 25.2% YoY to RMB39.7 billion, keeping total new loan sales growing at 2.5%.
Key figures
- Eps
- RMB-1.78 per ADS (US$0.27 loss per ADS)
- Revenue
- RMB6,180 million (US$922 million)
- Net Income
- -RMB1,494 million (net loss, US$223 million)
- Total Debt
- RMB72,590 million (borrowings)
- Revenue Yoy
- -4.6%
- Total Assets
- RMB207,567 million
- Cash Position
- RMB21,247 million (US$3,169 million)
- Net assets
- RMB79,982 million (vs RMB82,041 million at Dec 31, 2025)
- Net loss yoy
- +293.2%
- Cm3 flow rate
- 1.2% (vs 1.0% in Q2 2026)
- Retail take rate
- 14.0% (vs 13.0% a year ago)
- New loans enabled
- RMB58.3 billion (+2.5% YoY)
- Income tax expense
- RMB773 million (+946.5% YoY)
- Cumulative borrowers
- ~35.3 million (+23.8% YoY)
- Dpd30 delinquency rate
- 5.5% (vs 5.8% at Jun 30, 2026)
- Dpd90 delinquency rate
- 3.2% (vs 3.7% at Jun 30, 2026)
- Credit impairment losses
- RMB4,511 million (+10.3% YoY)
- Outstanding loan balance
- RMB167.1 billion (-11.9% YoY)
- Consumer finance npl ratio
- 1.3% (flat qoq)
- New consumer finance loans
- RMB39.7 billion (+25.2% YoY)
- Risk borne share incl consumer finance
- 95.8%
AI analysis
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