Lufax Holding Ltd (HKG:6623)
Hong Kong · Delayed Price · Currency is HKD 10.90
-0.12 (-1.09%)
Jan 27, 2025, 3:58 PM HKT
Lufax Holding Earnings Call Transcripts
Fiscal Year 2024
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Q3 saw a 31.1% drop in total income and a net loss of RMB 725 million, but consumer finance loans grew 27.8% year-over-year. Asset quality remained stable, and funding costs are expected to decrease further. Management maintains full-year volume and loan balance guidance.
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Q2 2024 saw a 35.5% drop in total income and a net loss of CNY 730 million amid weak SME loan demand, but asset quality improved and consumer finance grew. Strategic synergies with Ping An Group and a new lending license are expected to lower funding costs and support future growth.