LUFAX (06623) Announces Q3 Results: Total Revenue RMB6.18 billion, New Consumer Finance Loans Up 25.2% YoY

LUFAX (06623) Announces Q3 Results: Total Revenue RMB6.18 billion, New Consumer Finance Loans Up 25.2% YoY LUFAX (06623) released its quarterly results for the period ended September 30, 2026. In the third quarter of 2026, total revenue was RMB6.18 billion; net loss was RMB1.494 billion. As of September 30, 2026, the total balance of loans enabled by us was RMB167.1 billion, of which the loan balance for consumer finance as of September 30, 2026 was RMB70.5 billion, an increase of 19.8% compared with RMB58.9 billion as of September 30, 2025. In the third quarter of 2026, the total amount of new loans enabled was RMB58.3 billion, an increase of 2.5% compared with RMB56.9 billion in the same period of 2025, of which new consumer finance loans in the third quarter of 2026 were RMB39.7 billion, an increase of 25.2% compared with RMB31.7 billion in the same period of 2025. As of September 30, 2026, the cumulative number of borrowers increased by 23.8% to approximately 35.3 million from approximately 28.5 million as of September 30, 2025. Mr. Ji Xiang, Chief Executive Officer of Lufax Holding, said: "Our ordinary shares resumed trading on the Hong Kong Stock Exchange on September 24, 2026, and we would like to thank our shareholders and the broader investor community for their patience and support. In the face of a challenging environment, we continued to execute our premium customer strategy, exited certain high-risk customer segments, and adjusted our post-loan collection methods. Both our 30+ day and 90+ day delinquency ratios decreased quarter over quarter, while our C-M3 migration rate rose to 1.2%." "Consumer finance remains our primary growth driver, with new consumer finance loans increasing by 25.2% year over year, driving total new loans up by 2.5% year over year to RMB58.3 billion. Looking ahead, we will continue to remain prudent in our operations, focus on high-quality growth, and strive to create long-term value for shareholders."