Lufax (NYSE: LU) cuts Q2 loss but skips interim dividend

Rhea-AI Filing Summary

Lufax Holding Ltd (LU) reported unaudited second-quarter 2026 results showing lower revenue but sharply reduced losses as it resumes a normal reporting cadence. Q2 total income was RMB6,227 million, down 15.5% year over year, while total expenses fell 12.7% to RMB6,197 million, driven by a 22.6% cut in sales and marketing and a 58.7% drop in general and administrative expenses.

The company narrowed its Q2 net loss to RMB82 million, an 86.2% improvement from RMB594 million a year earlier, though first-half 2026 net loss widened to RMB694 million, up 33.7% from 2025 as credit impairment losses and finance costs increased. Management highlighted growth in consumer finance, with new consumer finance loan sales up 27.6% and total new loan sales reaching RMB51.1 billion, alongside sequential asset-quality gains, including a C-M3 flow rate of 1.0% and a 1.3% non-performing loan ratio in consumer finance.

As of June 30, 2026, Lufax held RMB19,213 million in cash at bank and net assets of RMB81,448 million, both slightly lower than year-end 2025. Given the net loss for the first half of 2026, the board determined that no semi-annual dividend will be paid.

Positive

• Q2 net loss reduced 86.2% year over year to RMB82 million, reflecting significant cost control despite a weaker revenue environment.
• Operating expenses ex credit and finance costs fell 27.5% in Q2 to RMB1,974 million, indicating improved operating efficiency.
• New consumer finance loan sales rose 27.6% year over year, helping lift overall new loan sales to RMB51.1 billion.
• Asset quality improved sequentially, with C-M3 flow rate at 1.0% and consumer finance non-performing loan ratio at 1.3% in Q2.
• Governance enhancements include completed 2022–2025 audits, strengthened internal controls with Deloitte Consulting Shanghai, and a board now majority independent non-executive directors.

Negative

• Total income declined 15.5% year over year in Q2 2026 to RMB6,227 million, reflecting a tougher operating environment.
• First-half 2026 net loss increased 33.7% to RMB694 million, as higher credit impairment losses and finance costs weighed on results.
• Credit impairment losses rose 10.1% in the first half of 2026 to RMB8,654 million, signaling continued elevated credit costs.
• Finance costs surged 177.1% in the first half of 2026 to RMB230 million, pressuring profitability.
• No semi-annual dividend will be paid for the six months ended June 30, 2026 due to the net loss.

Filing Explained

For the six months ended June 30, 2026, operating cash use was RMB575,893 thousand and loss attributable to Lufax owners was RMB895,889 thousand.

The filing furnishes unaudited cash-flow results for the six months ended June 30, 2026: operating activities used RMB575,893 thousand, although they generated RMB3,643,793 thousand in the second quarter.

The filing separately reports a first-half net loss attributable to owners of the Company of RMB895,889 thousand, while non-controlling interests recorded RMB201,620 thousand of profit.

Key Figures

Q2 2026 Total Income: RMB6,227 million Q2 2026 Net Loss: RMB82 million H1 2026 Net Loss: RMB694 million +5 more

8 metrics

Q2 2026 Total Income RMB6,227 million Three months ended June 30, 2026; down 15.5% year over year

Q2 2026 Net Loss RMB82 million Three months ended June 30, 2026; 86.2% improvement from Q2 2025

H1 2026 Net Loss RMB694 million Six months ended June 30, 2026; 33.7% higher loss than H1 2025

Q2 2026 Total Expenses RMB6,197 million Three months ended June 30, 2026; decreased 12.7% year over year

New Loan Sales Q2 2026 RMB51.1 billion Overall new loan sales in the second quarter of 2026

New Consumer Finance Loan Sales Growth 27.6% Year-over-year increase in new consumer finance loan sales in Q2 2026

Cash at Bank RMB19,213 million Cash at bank as of June 30, 2026

Total Assets RMB202,699,843 thousand Total assets as of June 30, 2026

Key Terms

credit impairment losses, C-M3 flow rate, DPD 30+ delinquency rate, non-performing loan ratio, +1 more

5 terms

credit impairment losses financial

"Credit impairment losses rose to 8,654,238 RMB, 69.3% of income"

C-M3 flow rate financial

"our C-M3 flow rate declining to 1.0% and our consumer finance"

DPD 30+ delinquency rate financial

"DPD 30+ delinquency rate refers to the outstanding balance of loans"

Days past due (DPD) 30+ delinquency rate measures the share of loans, credit accounts, or receivables that are at least 30 days overdue on scheduled payments. It acts like a thermometer for loan portfolio health: a higher rate means more borrowers are falling behind, which can signal rising credit losses, larger reserve needs, and pressure on earnings and cash flow. Investors watch its level and trend to assess credit risk.

non-performing loan ratio financial

"our consumer finance non-performing loan ratio improving to 1.3%"

The non-performing loan ratio is the share of a lender’s loans that are not being paid back as agreed—typically loans overdue long enough to be considered in default. It matters to investors because it signals the health of a bank’s loan book: a rising ratio is like more customers skipping payments, which can reduce profits, force higher loss reserves or capital needs, and increase the risk to the lender’s valuation.

financial assets at fair value through profit or loss financial

"Financial assets at fair value through profit or loss 34,666,573 RMB"

An accounting category for investments and contracts that are updated to their current market price on the balance sheet, with any gain or loss immediately shown in the company’s profit or loss statement. Investors care because this treatment makes reported earnings swing with market prices, so short-term market moves can boost or cut reported profits quickly — like revaluing a garage full of cars at today’s resale prices and recording the change as income or loss.

FAQ

How did Lufax (LU) perform financially in Q2 2026?

Lufax reported Q2 2026 total income of RMB6,227 million, down 15.5% year over year, and a net loss of RMB82 million, sharply improved from a RMB594 million loss in Q2 2025 due to lower operating expenses.

What were Lufax’s (LU) first-half 2026 results?

For the six months ended June 30, 2026, Lufax generated total income of RMB12,489 million and recorded a net loss of RMB694 million, compared with a RMB519 million net loss in the same period of 2025, as credit costs and finance expenses increased.

How are Lufax’s loan growth and asset quality trending in 2026?

In Q2 2026, new consumer finance loan sales grew 27.6% year over year, driving total new loan sales to RMB51.1 billion. Asset quality improved sequentially, with a C-M3 flow rate of 1.0% and a 1.3% consumer finance non-performing loan ratio.

What cost trends did Lufax (LU) report for Q2 2026?

Lufax’s total expenses fell 12.7% year over year to RMB6,197 million in Q2 2026. Sales and marketing expenses dropped 22.6% to RMB756 million and general and administrative expenses declined 58.7% to RMB208 million, improving operating efficiency.

Did Lufax (LU) declare a dividend for the first half of 2026?

No. The board determined that no semi-annual dividend will be paid for the six months ended June 30, 2026, citing the net loss recorded in the period.

What is Lufax’s (LU) liquidity and balance sheet position as of June 30, 2026?

As of June 30, 2026, Lufax held RMB19,213 million in cash at bank and had net assets of RMB81,448 million. Total assets were RMB202,699,843 thousand and total liabilities were RMB121,251,653 thousand.

What governance and control measures has Lufax (LU) implemented recently?

Lufax completed re-audits and audits from 2022–2025, engaged Deloitte Consulting Shanghai to strengthen internal controls, and restructured its board so independent non-executive directors now form a majority, supporting a return to normal reporting cadence.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/19/2026 - 06:10 AM Accepted by SEC EDGAR 08/18/2026 - 08:39 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number 001-39654

Lufax Holding Ltd

(Registrant’s name)

18th Floor, No. 1333

Lujiazui Ring Road

Pudong New District, Shanghai

People’s Republic of China

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Exhibit Index

Exhibit 99.1—Press Release—Lufax Reports Second Quarter 2026 Financial Results

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				Lufax Holding Ltd
				By:		/s/ Xiang Ji
				Name:		Xiang Ji
				Title:		Chief Executive Officer
Date: August 19, 2026

Exhibit 99.1

Lufax Reports Second Quarter 2026 Financial Results

Represents Key Milestone as Company Executes Plan to Return to a Normal Reporting Cadence

SHANGHAI, Aug. 19, 2026 /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, 2026.

Second Quarter 2026 & First Half 2026 Financial Highlights

• Total income was RMB6,227 million (US$918 million) in the second quarter of 2026, compared to RMB7,365 million in the same period of 2025.

• Net loss was RMB82 million (US$12 million) in the second quarter of 2026, compared to net loss of RMB594 million in the same period of 2025.

(In millions except percentages, unaudited)		Three Months Ended June 30,
		2025		2026				YoY
		RMB		RMB		USD
Total income		7,365		6,227		918		(15.5 %)
Total expenses		(7,099)		(6,197)		(913)		(12.7 %)
Total expenses excluding credit impairment losses, finance costs and other (gains)/losses		(2,724)		(1,974)		(291)		(27.5 %)
Credit impairment losses, finance costs and other gains or losses		(4,375)		(4,224)		(622)		(3.5 %)
Net loss		(594)		(82)		(12)		(86.2 %)
(In millions except percentages, unaudited)		Six Months Ended June 30,
		2025		2026				YoY
		RMB		RMB		USD
Total income		14,084		12,489		1,841		(11.3 %)
Total expenses		(13,593)		(13,175)		(1,942)		(3.1 %)
Total expenses excluding credit impairment losses, finance costs and other gains or losses		(5,589)		(4,430)		(653)		(20.7 %)
Credit impairment losses, finance costs and other gains or losses		(8,004)		(8,745)		(1,289)		9.3 %
Net loss		(519)		(694)		(102)		33.7 %

Second Quarter 2026 Operational Highlights

• Total outstanding balance of loans was RMB167.3 billion as of June 30, 2026, compared to RMB193.4 billion as of June 30, 2025, representing a decrease of 13.5%, among which the outstanding balance of consumer finance loans was RMB65.4 billion as of June 30, 2026, compared to RMB54.5 billion as of June 30, 2025, representing an increase of 19.9%.

• Total new loans enabled were RMB51.1 billion in the second quarter of 2026, representing an increase of 4.6% compared to RMB48.9 billion in the same period of 2025, among which new consumer finance loans were RMB36.9 billion in the second quarter of 2026, compared to RMB28.9 billion in the same period of 2025, representing an increase of 27.6%.

• Cumulative number of borrowers increased by 13.1% to approximately 31.4 million as of June 30, 2026 from approximately 27.8 million as of June 30, 2025.

• As of June 30, 2026, including the consumer finance subsidiary, the Company bore risk on 93.2% of its outstanding balance, up from 83.7% as of June 30, 2025.

• As of June 30, 2026, excluding the consumer finance subsidiary, the Company bore risk on 95.7% of its outstanding balance, up from 84.0% as of June 30, 2025.

• For the second quarter of 2026, the Company’s retail credit enablement business take rate^[1] based on loan balance was 13.8%, as compared to 12.5% for the second quarter of 2025.

• C-M3 flow rate^[2] for the total loans the Company had enabled, excluding the consumer finance subsidiary, was 1.0% in the second quarter of 2026, compared to 1.2% in the first quarter of 2026. Flow rates for the general unsecured loans and secured loans the Company had enabled were 1.0% and 0.9% respectively in the second quarter of 2026, as compared to 1.2% and 1.0% respectively in the first quarter of 2026.

• Days past due (“DPD”) 30+ delinquency rate^[3] for the total loans the Company had enabled, excluding the consumer finance subsidiary, was 5.8% as of June 30, 2026, as compared to 6.1% as of March 31, 2026. DPD 30+ delinquency rate for general unsecured loans was 6.1% as of June 30, 2026, as compared to 6.4% as of March 31, 2026. DPD 30+ delinquency rate for secured loans was 5.0% as of June 30, 2026, as compared to 5.4% as of March 31, 2026.

• DPD 90+ delinquency rate^[4] for total loans enabled, excluding the consumer finance subsidiary, was 3.7% as of June 30, 2026, as compared to 3.4% as of March 31, 2026. DPD 90+ delinquency rate for general unsecured loans was 3.9% as of June 30, 2026, as compared to 3.6% as of March 31, 2026. DPD 90+ delinquency rate for secured loans was 3.1% as of June 30, 2026, as compared to 3.0% as of March 31, 2026.

• As of June 30, 2026, the non-performing loan (NPL) ratio^[5] for consumer finance loans was 1.3% as compared to 1.4% as of March 31, 2026.

^[1] The take rate of retail credit enablement business is calculated by dividing the aggregated amount of loan enablement service fees, post-origination service fees, net interest income (excluding revenue from PAObank and LUAN credit subsidiaries), guarantee income and the penalty fees and account management fees by the average outstanding balance of loans enabled for each period.

^[2] C-M3 flow rate estimates the percentage of current loans that will become non-performing at the end of three months, and is defined as the product of (i) the loan balance that is overdue from 1 to 29 days as a percentage of the total current loan balance of the previous month, (ii) the loan balance that is overdue from 30 to 59 days as a percentage of the loan balance that was overdue from 1 to 29 days in the previous month, and (iii) the loan balance that is overdue from 60 to 89 days as a percentage of the loan balance that was overdue from 30 days to 59 days in the previous month. Loans from legacy products and consumer finance subsidiary are excluded from the flow rate calculation.

^[3] DPD 30+ delinquency rate refers to the outstanding balance of loans for which any payment is 30 to 179 calendar days past due divided by the outstanding balance of loans. Loans from legacy products, consumer finance subsidiary, Ping An Digital Bank and LU-AN credit subsidiaries and referral product are excluded from the calculation.

^[4] DPD 90+ delinquency rate refers to the outstanding balance of loans for which any payment is 90 to 179 calendar days past due divided by the outstanding balance of loans. Loans from legacy products, consumer finance subsidiary, Ping An Digital Bank and LU-AN credit subsidiaries and referral product are excluded from the calculation.

^[5] Non-performing loan ratio for consumer finance loans is calculated by using the outstanding balance of consumer finance loans for which any payment is 91 or more calendar days past due and not written off, and certain restructured loans, divided by the outstanding balance of consumer finance loans.

“Today’s results mark an important milestone for Lufax as we return to a normal, predictable reporting cadence,” said Mr. Xiang Ji, Chief Executive Officer of Lufax. “Over the past year, we completed the re-audit and audit of our financial statements from 2022 through 2025, engaged Deloitte Consulting Shanghai to strengthen our internal controls, and restructured our board so that independent non-executive directors now hold a majority. These initiatives to strengthen our governance and internal controls have allowed us to resume regular financial reporting to our shareholders and the broader investor community.

“The operating environment for small business owners remained difficult in the second quarter, with financing demand staying weak. In response, we are executing a strategy of prudent operations, anchored by our selective customer strategy, which is shifting our customer mix toward lower-risk borrowers through refined product design, targeted customer acquisition, and an upgraded risk management framework, and by AI-powered refined operations, which are deepening our use of artificial intelligence in customer segmentation and in strengthening relationships with existing customers. These efforts supported continued growth in our consumer finance business, with new consumer finance loan sales up 27.6% year over year, driving overall new loan sales up 4.6% year over year to RMB51.1 billion. Our asset quality also improved on a sequential basis, with our C-M3 flow rate declining to 1.0% and our consumer finance non-performing loan ratio improving to 1.3%, both down from the first quarter.

“Financially, we narrowed our net loss to RMB82 million in the second quarter, an 86.2% improvement from the same period last year, even as credit costs remained elevated amid a challenging environment for small business owners. We are encouraged by our continued operating efficiency gains, and under our refreshed leadership team, we remain focused on prudent, quality growth and on building long-term value for our shareholders.”

Second Quarter 2026 & First Half 2026 Financial Results

TOTAL INCOME

Total income was RMB6,227 million (US$918 million) in the second quarter of 2026, compared to RMB7,365 million in the same period of 2025, representing a decrease of 15.5%.

		Three Months Ended June 30,
(In millions except percentages, unaudited)		2025				2026				YoY
		RMB		% of income		RMB		% of income
Technology platform-based income		1,399		19.0 %		1,103		17.7 %		(21.2 %)
Net interest income		3,199		43.4 %		3,467		55.7 %		8.4 %
Guarantee income		1,389		18.9 %		1,105		17.7 %		(20.4 %)
Other income		358		4.9 %		269		4.3 %		(24.9 %)
Investment income		1,021		13.9 %		283		4.5 %		(72.3 %)
Share of net profits of investments accounted for using the equity method		-		-		-		-		-
Total income		7,365		100.0 %		6,227		100.0 %		(15.5 %)

		Six Months Ended June 30,
(In millions except percentages, unaudited)		2025				2026				YoY
		RMB		% of income		RMB		% of income
Technology platform-based income		2,887		20.5 %		2,139		17.1 %		(25.9 %)
Net interest income		6,405		45.5 %		6,939		55.6 %		8.3 %
Guarantee income		2,816		20.0 %		2,341		18.7 %		(16.9 %)
Other income		708		5.0 %		546		4.4 %		(22.9 %)
Investment income		1,269		9.0 %		525		4.2 %		(58.6 %)
Share of net profits of investments accounted for using the equity method		-		-		-		-		-
Total income		14,084		100.0 %		12,489		100.0 %		(11.3 %)

• Technology platform-based income was RMB1,103 million (US$163 million) in the second quarter of 2026, compared to RMB1,399 million in the same period of 2025, representing a decrease of 21.2%. This decrease was primarily due to the decrease of retail credit and enablement service fees as a result of the decrease in loan balance.

• Net interest income was RMB3,467 million (US$511 million) in the second quarter of 2026, compared to RMB3,199 million in the same period of 2025, representing an increase of 8.4%, mainly due to the expansion of our consumer finance & microloan lending business.

• Guarantee income was RMB1,105 million (US$163 million) in the second quarter of 2026, compared to RMB1,389 million in the same period of 2025, representing a decrease of 20.4%, primarily attributable to a decrease in the average balance of off-balance sheet loans.

• Other income was RMB269 million (US$40 million) in the second quarter of 2026, compared to other income of RMB358 million in the same period of 2025. This decrease was primarily due to a decrease in account management fees caused by decreased collections in the second quarter of 2026.

• Investment income was RMB283 million (US$42 million) in the second quarter of 2026, compared to RMB1,021 million in the same period of 2025. This decrease was primarily attributable to the impact of changes in the valuations of certain assets.

TOTAL EXPENSES

Total expenses decreased by 12.7% to RMB6,197 million (US$913 million) in the second quarter of 2026 from RMB7,099 million in the same period of 2025. This decrease was mainly due to the decrease in sales and marketing expenses by 22.6% to RMB756 million (US$111 million) in the second quarter of 2026 from RMB977 million in the same period of 2025. Total expenses excluding credit impairment losses, finance costs and other (gains)/losses decreased by 27.5% to RMB1,974 million (US$291 million) in the second quarter of 2026 from RMB2,724 million in the same period of 2025.

		Three Months Ended June 30,
(In millions except percentages, unaudited)		2025				2026				YoY
		RMB		% of income		RMB		% of income
Sales and marketing expenses		977		13.3 %		756		12.1 %		(22.6 %)
General and administrative expenses		504		6.8 %		208		3.3 %		(58.7 %)
Operation and servicing expenses		1,008		13.7 %		804		12.9 %		(20.2 %)
Technology and analytics expenses		235		3.2 %		206		3.3 %		(12.3 %)
Credit impairment losses		4,279		58.1 %		4,141		66.5 %		(3.2 %)
Finance costs		45		0.6 %		102		1.6 %		126.7 %
Other gains or losses - net		51		0.7 %		(19)		(0.3 %)		(137.3 %)
Total expenses		7,099		96.4 %		6,197		99.5 %		(12.7 %)

		Six Months Ended June 30,
(In millions except percentages, unaudited)		2025				2026				YoY
		RMB		% of income		RMB		% of income
Sales and marketing expenses		2,069		14.7 %		1,702		13.6 %		(17.7 %)
General and administrative expenses		997		7.1 %		533		4.3 %		(46.5 %)
Operation and servicing expenses		2,049		14.5 %		1,767		14.1 %		(13.8 %)
Technology and analytics expenses		474		3.4 %		427		3.4 %		(9.9 %)
Credit impairment losses		7,858		55.8 %		8,654		69.3 %		10.1 %
Finance costs		83		0.6 %		230		1.8 %		177.1 %
Other gains or losses - net		64		0.5 %		(139)		(1.1 %)		(317.2 %)
Total expenses		13,593		96.5 %		13,175		105.5 %		(3.1 %)

• Sales and marketing expenses decreased by 22.6% to RMB756 million (US$111 million) in the second quarter of 2026 from RMB977 million in the same period of 2025. The decrease was primarily due to the decreased new loan sales and outstanding balance of off-balance sheet loans, slightly offset by the compensation for the dismissal of low productivity direct sales employees.

• General and administrative expenses decreased by 58.7% to RMB208 million (US$31 million) in the second quarter of 2026 from RMB504 million in the same period of 2025, this decrease was primarily due to our continuous personnel optimization and expense control measures.

• Operation and servicing expenses decreased by 20.2% to RMB804 million (US$118 million) in the second quarter of 2026 from RMB1,008 million in the same period of 2025, primarily due to our expense control measures and the decrease in the loan balance.

• Technology and analytics expenses decreased by 12.3% to RMB206 million (US$30 million) in the second quarter of 2026 from RMB235 million in the same period of 2025, primarily due to our improved efficiency and the expense control measures we adopted.

• Credit impairment losses decreased by 3.2% to RMB4,141 million (US$610 million) in the second quarter of 2026 from RMB4,279 million in the same period of 2025, primarily due to the decreased provision of loans and receivables as a result of the decreased risk-bearing loan balance, partially offset by the increase in the actual losses.

• Finance costs increased by 126.7% to RMB102 million (US$15 million) in the second quarter of 2026 from RMB45 million in the same period of 2025, mainly due to the combined effects of the increased loan interest expenses and decreased deposit interest income.

• Other gains were RMB19 million (US$3 million) in the second quarter of 2026, compared to other losses of RMB51 million in the same period of 2025. The change was primarily due to the foreign exchange gains in 2026 and the one-time tax overdue penalty of a certain subsidiary we recognized in 2025.

NET LOSS

Net loss was RMB82 million (US$12 million) in the second quarter of 2026, compared to a net loss of RMB594 million in the same period of 2025, as a result of the aforementioned factors.

LOSS PER ADS

Basic and diluted loss per American Depositary Share (“ADS”) were both RMB0.24 (US$0.04) in the second quarter of 2026. Each ADS represents two ordinary shares.

BALANCE SHEET

The Company had RMB19,213 million (US$2,832 million) in cash at bank as of June 30, 2026, as compared to RMB22,086 million as of December 31, 2025. Net assets of the Company amounted to RMB81,448 million (US$12,004 million) as of June 30, 2026, as compared to RMB82,041 million as of December 31, 2025.

SEMI-ANNUAL DIVIDEND

In light of the net loss recorded for the six months ended June 30, 2026, the board of directors of the Company has determined that no semi-annual dividend shall be paid at this time.

Conference Call Information

The Company’s management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Tuesday, August 18, 2026 (9:00 A.M. Beijing Time on Wednesday, August 19, 2026) to discuss the financial results. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the event passcode, and a unique access PIN, which can be used to join the conference call.

Registration Link: https://dpregister.com/sreg/10211235/104a7ebdba9

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.lufaxholding.com.

The replay will be accessible through August 24, 2026, by dialing the following numbers:

United States:		1-855-669-9658
International:		1-412-317-0088
Conference ID:		8048734

About Lufax

Lufax is a leading financial services enabler for small business owners in China. The Company offers financing products designed principally to address the needs of small business owners and others. In doing so, the Company has established relationships with over 85 financial institutions in China as funding partners, many of which have worked with the Company for over three years.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US$1.00, the rate in effect as of June 30, 2026, as certified for customs purposes by the Federal Reserve Bank of New York.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about Lufax’s beliefs and expectations, are forward-looking statements. Lufax has based these forward-looking statements largely on its current expectations and projections about future events and financial trends, which involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. These forward-looking statements include, but are not limited to, statements about Lufax’s goals and strategies; Lufax’s future business development, financial condition and results of operations; expected changes in Lufax’s income, expenses or expenditures; expected growth of the retail credit enablement; Lufax’s expectations regarding demand for, and market acceptance of, its services; Lufax’s expectations regarding its relationship with borrowers, platform investors, funding sources, product providers and other business partners; general economic and business conditions; and government policies and regulations relating to the industry Lufax operates in. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Lufax’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lufax does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Lufax Holding Ltd

Email: Investor_Relations@lu.com

ICR, LLC

Robin Yang

Tel: +1 (646) 308-0546

Email: lufax.ir@icrinc.com 

LUFAX HOLDING LTD

UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS

(All amounts in thousands, except share data, or otherwise noted)

		Three Months Ended June 30,												Six Months Ended June 30,
		2025				2026								2025				2026
		RMB				RMB				USD				RMB				RMB				USD
Technology platform-based income			1,398,653				1,103,160				162,586				2,886,548				2,139,006				315,250
Net interest income			3,198,815				3,467,456				511,040				6,404,677				6,938,771				1,022,648
Guarantee income			1,389,093				1,104,808				162,829				2,815,970				2,341,226				345,054
Other income			357,751				269,046				39,652				708,182				545,648				80,419
Investment income			1,021,076				282,917				41,697				1,268,872				524,506				77,303
Share of net profits of investments accounted for using the equity method			-				-				-				-				-				-
Total income			7,365,388				6,227,387				917,803				14,084,249				12,489,157				1,840,674
Sales and marketing expenses			(976,820)				(755,731)				(111,381)				(2,068,958)				(1,702,098)				(250,858)
General and administrative expenses			(503,966)				(208,410)				(30,716)				(996,698)				(533,168)				(78,579)
Operation and servicing expenses			(1,008,428)				(803,797)				(118,465)				(2,048,817)				(1,767,339)				(260,474)
Technology and analytics expenses			(234,775)				(205,877)				(30,343)				(474,339)				(427,495)				(63,005)
Credit impairment losses			(4,279,023)				(4,140,714)				(610,266)				(7,858,211)				(8,654,238)				(1,275,477)
Finance costs			(44,798)				(102,067)				(15,043)				(82,680)				(229,681)				(33,851)
Other gains/(losses) - net			(51,107)				19,194				2,829				(63,586)				139,400				20,545
Total expenses			(7,098,917)				(6,197,402)				(913,384)				(13,593,289)				(13,174,619)				(1,941,699)
Profit before income tax expenses			266,471				29,985				4,419				490,960				(685,462)				(101,025)
Income tax expenses			(860,673)				(111,666)				(16,458)				(1,009,935)				(8,807)				(1,298)
Net profit/(loss) for the period			(594,202)				(81,681)				(12,038)				(518,975)				(694,269)				(102,323)
Net profit/(loss) attributable to:
Owners of the Group			(711,523)				(200,534)				(29,555)				(767,235)				(895,889)				(132,038)
Non-controlling interests			117,321				118,853				17,517				248,260				201,620				29,715
Net profit/(loss) for the period			(594,202)				(81,681)				(12,038)				(518,975)				(694,269)				(102,323)
Earnings per share
-Basic earnings/(loss) per share			(0.41)				(0.12)				(0.02)				(0.44)				(0.52)				(0.08)
-Diluted earnings/(loss) per share			(0.41)				(0.12)				(0.02)				(0.44)				(0.52)				(0.08)
-Basic earnings/(loss) per ADS			(0.82)				(0.24)				(0.04)				(0.88)				(1.04)				(0.15)
-Diluted earnings/(loss) per ADS			(0.82)				(0.24)				(0.04)				(0.88)				(1.04)				(0.15)

LUFAX HOLDING LTD

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(All amounts in thousands, except share data, or otherwise noted)

		As of December 31,				As of June 30,
		2025				2026
		RMB				RMB				USD
Assets
Cash at bank			22,086,187				19,212,913				2,831,633
Restricted cash			19,035,154				17,172,831				2,530,962
Financial assets at fair value through profit or loss			34,666,573				33,358,855				4,916,487
Financial assets at fair value through other comprehensive income			6,182,229				7,807,536				1,150,688
Financial assets at amortized cost			-				725,829				106,974
Financial assets held under resale agreements			1,577,029				62,003				9,138
Accounts and other receivables and contract assets			4,240,132				3,259,862				480,444
Loans to customers			102,290,974				102,244,031				15,068,906
Deferred tax assets			6,978,651				7,898,793				1,164,138
Property and equipment			54,137				50,198				7,398
Investments accounted for using the equity method			-				-				-
Intangible assets			911,603				907,856				133,801
Right-of-use assets			265,523				220,513				32,500
Goodwill			9,169,031				9,159,144				1,349,891
Other assets			657,424				619,479				91,300
Total assets			208,114,647				202,699,843				29,874,260
Liabilities
Payable to platform users			667,794				554,805				81,768
Borrowings			63,535,913				65,373,940				9,634,927
Customer deposits			9,456,934				11,806,199				1,740,018
Financial assets sold under repurchase agreements			1,662,008				1,412,301				208,147
Current income tax liabilities			396,643				423,459				62,410
Accounts and other payables and contract liabilities			7,557,062				6,445,209				949,906
Payable to investors of consolidated structured entities			28,921,222				21,992,967				3,241,362
Financing guarantee liabilities			5,647,343				5,093,690				750,717
Deferred tax liabilities			297,931				229,278				33,791
Lease liabilities			259,764				217,281				32,023
Convertible promissory note payable			6,503,803				6,542,811				964,291
Other liabilities			1,167,155				1,159,713				170,921
Total liabilities			126,073,572				121,251,653				17,870,282
Equity
Share capital			117				117				17
Share premium			27,027,931				27,027,931				3,983,424
Treasury shares			(5,642,768	)			(5,642,768	)			(831,641	)
Other reserves			1,746,502				1,848,034				272,367
Retained earnings			56,698,381				55,802,492				8,224,270
Total equity attributable to owners of the Company			79,830,163				79,035,806				11,648,436
Non-controlling interests			2,210,912				2,412,384				355,541
Total equity			82,041,075				81,448,190				12,003,978
Total liabilities and equity			208,114,647				202,699,843				29,874,260

LUFAX HOLDING LTD

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(All amounts in thousands, except share data, or otherwise noted)

		Three Months Ended June 30,												Six Months Ended June 30,
		2025				2026								2025				2026
		RMB				RMB				USD				RMB				RMB				USD
Net cash generated from/(used in) operating activities			3,216,091				3,643,793				537,029				5,409,129				(575,893)				(84,876)
Net cash (used in)/generated from investing activities			(3,441,228)				(1,968,917)				(290,182)				(2,810,078)				1,504,970				221,805
Net cash (used in) financing activities			(291,861)				(1,540,257)				(227,006)				(1,159,168)				(1,959,043)				(288,727)
Effects of exchange rate changes on cash and cash equivalents			(11,109)				(17,632)				(2,599)				(17,695)				(45,204)				(6,662)
Net (decrease)/increase in cash and cash equivalents			(528,107)				116,987				17,242				1,422,188				(1,075,170)				(158,460)
Cash and cash equivalents at the beginning of the period			13,748,730				9,896,916				1,458,625				11,798,435				11,089,073				1,634,327
Cash and cash equivalents at the end of the period			13,220,623				10,013,903				1,475,867				13,220,623				10,013,903				1,475,867

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