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 Q3 2023

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Lufax badly missed top-line expectations for the second quarter given continued macroheadwinds. The China-based fintech beat on earnings, helped by its focus on asset quality over quantity.

Why Lufax Holding Stock Dropped Today

Lufax Holding Ltd (NYSE:LU ) Q2 2023 Results Conference Call August 21, 2023 9:00 PM ET Company Participants Liu Xinyan - Head of Board Office and Capital Markets Y. S. Cho - Co-CEO and Chairman of the Board Gregory Gibb - Co-CEO and Director Siu Choy - Chief Financial Officer Conference Call Participants Alex Ye - UBS Emma Chu - Bank of America Chiyao Huang - Morgan Stanley Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Limited Second Quarter 2023 Earnings Call.

Lufax Holding Ltd (LU) Q2 2023 Earnings Call Transcript

Lufax Holding Ltd. Sponsored ADR (LU) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share.

Lufax Holding Ltd. Sponsored ADR (LU) Q2 Earnings Top Estimates

SHANGHAI , Aug. 21, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 & First Half 2023 Financial Highlights Total income was RMB9,270 million (US$1,278 million) in the second quarter of 2023, compared to RMB15,288 million in the same period of 2022, representing a decrease of 39.4%.

Lufax Reports Second Quarter 2023 Financial Results

SHANGHAI , Aug. 15, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it plans to release its second quarter 2023 financial results after the market closes on Monday, August 21, 2023 U.S. Eastern Time. The Company's management will hold an earnings conference call at 9:00 P.M.

Lufax to Announce Second Quarter 2023 Financial Results on August 21, 2023

SHANGHAI , Aug. 8, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that Mr. Guangheng Ji has tendered his resignation as a non-executive director and other relevant positions of the Company, due to change of his personal work arrangements.

Changes in Board Composition

China's reopening has seen a decline in the technology sector, with cyclical financials and tech companies suffering from regulatory crackdowns and a soft post-COVID reopening. Lufax Holding, a fintech company, is seen as an opportunity due to its low price-to-book ratio; it is a leading technology-empowered personal financial services platform in China. Despite a tough economic period, Lufax is considered undervalued and offers potential for investors, although prudent risk management is advised due to China's uncertain economic situation.

Lufax: Likely Undervalued, Eyeing Support Ahead Of Q2 Results

Lufax Holding Ltd (NYSE:LU ) Q1 2023 Earnings Conference Call May 22, 2023 9:00 PM ET Company Participants Liu Xinyan - Head, Board Office and Capital Markets Y.S. Cho - Co-CEO & Chairman David Choy - CFO Gregory Gibb - Co-CEO & Director Conference Call Participants Alex Ye - UBS Emma Xu - Bank of America Merrill Lynch Richard Xu - Morgan Stanley Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to Lufax Holding Limited First Quarter 2023 earnings call.

Lufax Holding Ltd (LU) Q1 2023 Earnings Call Transcript

Lufax Holding Ltd. Sponsored ADR (LU) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share.

Lufax Holding Ltd. Sponsored ADR (LU) Surpasses Q1 Earnings Estimates

SHANGHAI , May 22, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights Total income was RMB10,078 million (US$1,467 million) in the first quarter of 2023, compared to RMB17,316 million in the same period of 2022, representing a decrease of 41.8%.

Lufax Reports First Quarter 2023 Financial Results

SHANGHAI , May 16, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it plans to release its first quarter 2023 financial results after the market closes on Monday, May 22, 2023 U.S. Eastern Time. The Company's management will hold an earnings conference call at 9:00 P.M.

Lufax to Announce First Quarter 2023 Financial Results on May 22, 2023

SHANGHAI , April 14, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it has successfully listed, by way of introduction, its ordinary shares (the "Shares") on the Main Board of The Stock Exchange of Hong Kong Limited (the "HKEX"). The Shares are traded on the Main Board of the HKEX under the stock code "6623" in board lots of 100 Shares, and the stock short name is "LUFAX".

Lufax Holding Ltd Successfully Listed on the Main Board of The Stock Exchange of Hong Kong

SHANGHAI , April 12, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that each of the following proposed resolutions submitted for shareholder approval have been adopted at its extraordinary general meeting (the "EGM") of shareholders held in Shanghai today, and after the adoption of the proposed resolutions, all corporate authorizations and actions contemplated thereunder were approved:

Lufax Holding Ltd Announces Results of Extraordinary General Meeting

Lufax Holding proposed a dual primary listing on the Stock Exchange of Hong Kong. The listing should enhance liquidity and expand its investor base.

Why Lufax Holding Stock Was Surging on Tuesday

SHANGHAI , April 11, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced the proposed dual primary listing of its ordinary shares, par value US$0.00001 per share (the "Shares") by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the "HKEX"). The Company's American depositary shares (the "ADSs"), every two representing one Share, will continue to be primarily listed and traded on the New York Stock Exchange (the "NYSE").

Lufax Holding Ltd Announces Proposed Dual Primary Listing on The Stock Exchange of Hong Kong Limited

SHANGHAI , April 10, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that after careful consideration, the board of directors of the Company has approved to adjourn, subject to further notice, proposals 3, 4, and 5 that were set forth in its notice (the "Notice") for the upcoming extraordinary general meeting (the "EGM") to be held on April 12, 2023 (the "Adjournment of the Proposals"). The Notice had been published on the Company's website at https://ir.lufaxholding.com/ on March 13, 2023.

Lufax Makes Further Announcement about Extraordinary General Meeting to be Held on April 12, 2023

SHANGHAI , April 7, 2023 /PRNewswire/ --  Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on April 7, 2023. The Annual Report can be accessed on the Company's investor relations website at https://ir.lufaxholding.com.

Lufax Files Its Annual Report on Form 20-F

Lufax Holding Ltd (NYSE:LU ) Q4 2022 Results Conference Call March 12, 2023 9:00 PM ET Company Participants Xinyan Liu - Head, Board Office and Capital Markets Y.S. Cho - Chairman and CEO Greg Gibb - Co-CEO David Choy - CFO Conference Call Participants Yada Li - CICC Richard Xu - Morgan Stanley Alex Ye - UBS Emma Xu - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lufax Holding Limited Fourth Quarter 2022 Earnings Call.

Lufax Holding Ltd (LU) Q4 2022 Earnings Call Transcript

SHANGHAI , March 12, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights Total income decreased by 22.2% to RMB12,318 million (US$1,786 million) in the fourth quarter of 2022 from RMB15,831 million in the same period of 2021.

Lufax Reports Fourth Quarter and Full Year 2022 Financial Results

SHANGHAI , March 3, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it plans to release its fourth quarter 2022 financial results at 4:30 P.M. on Sunday, March 12, 2023 U.S. Eastern Time.

Lufax to Announce Fourth Quarter 2022 Financial Results on March 12, 2023

SHANGHAI , Feb. 24, 2023 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it has called an extraordinary general meeting (the "EGM") of shareholders to be held on April 12, 2023 at 9 a.m. (local time) at No.

Lufax to Hold Extraordinary General Meeting on April 12, 2023

Lufax Holding Ltd. Sponsored ADR (LU) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately.

Bears are Losing Control Over Lufax Holding Ltd. Sponsored ADR (LU), Here's Why It's a 'Buy' Now

Despite the solid performance of the top 10 fintech companies, Lufax underperformed its competitors in Q3 2022 with its revenues down 22.5%. We believe the company's revenue growth was impacted by Covid-19 lockdowns across China as well as new regulations related to online lending platform loan funding requirements.

Lufax: Debt Growth Slowdown

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