HongKong:6623

Lufax Announces Annual General Meeting on May 30, 2024 and Filing of Its Annual Report on Form 20-F

Retrieved on: 
星期二, 四月 23, 2024
The Annual Report, Annual, Stock exchange, Small business, HKEX, Republic, Annual report, Proxy, Room, ADS, Exercise, Bank statement, AGM, Cryptocurrency

The AGM notice, the AGM circular, and the form of proxy for the AGM are available on the Company's website at https://ir.lufaxholding.com .

Key Points: 
  • The AGM notice, the AGM circular, and the form of proxy for the AGM are available on the Company's website at https://ir.lufaxholding.com .
  • The Company also announced today that it filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission on April 23, 2024.
  • The Annual Report can be accessed on the Company's investor relations website at https://ir.lufaxholding.com .
  • The Company will also provide a hard copy of its Annual Report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

Lufax Reports First Quarter 2024 Financial Results

Retrieved on: 
星期一, 四月 22, 2024
NPL, Credit, CGI, Calendar, SBO, Growth, Risk, DPD, Bank

For the first quarter of 2024, the Company's retail credit enablement business take rate[1] based on loan balance was 9.0%, as compared to 7.3% for the first quarter of 2023.

Key Points: 
  • For the first quarter of 2024, the Company's retail credit enablement business take rate[1] based on loan balance was 9.0%, as compared to 7.3% for the first quarter of 2023.
  • C-M3 flow rate[2] for the total loans the Company had enabled, excluding the consumer finance subsidiary, was 1.0% in the first quarter of 2024, compared to 1.2% in the fourth quarter of 2023.
  • In terms of asset quality, the C-M3 flow rate for our Puhui business improved from the fourth quarter of 2023 to the first quarter of 2024.
  • Mr. Gregory Gibb, Co-Chief Executive Officer of Lufax, commented, "We began to feel the impact of our refined strategic initiatives during the first quarter of 2024.

Lufax to Announce First Quarter 2024 Financial Results on April 22, 2024

Retrieved on: 
星期二, 四月 16, 2024
Small business, HKEX, PIN, Internet service provider

SHANGHAI, April 16, 2024 /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 it plans to release its first quarter 2024 financial results after the market closes on Monday, April 22, 2024 U.S. Eastern Time.

Key Points: 
  • SHANGHAI, April 16, 2024 /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 it plans to release its first quarter 2024 financial results after the market closes on Monday, April 22, 2024 U.S. Eastern Time.
  • The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Monday, April 22, 2024 (9:00 A.M. Beijing Time on Tuesday, April 23, 2024) 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.
  • The replay will be accessible through April 29, 2024, by dialing the following numbers:

Lufax Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
星期四, 三月 21, 2024
CGI, Growth, Risk, Complex, ADS, Credit, DPD, Development, SBO, Calendar, NPL, Bank

For the fourth quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.9%, as compared to 7.7% for the fourth quarter of 2022.

Key Points: 
  • For the fourth quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.9%, as compared to 7.7% for the fourth quarter of 2022.
  • C-M3 flow rate[2] for the total loans the Company had enabled was 1.2% in the fourth quarter of 2023, compared to 1.1% the third quarter of 2023.
  • Flow rates for the general unsecured loans and secured loans the Company had enabled were 1.4% and 0.8% respectively in the fourth quarter of 2023, as compared to 1.2% and 0.7% respectively in the third quarter of 2023.
  • Mr. YongSuk Cho, Chairman and Chief Executive Officer of Lufax, commented, "Complex macro conditions continued to impact SBOs during the fourth quarter.

Lufax to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 21, 2024

Retrieved on: 
星期二, 三月 12, 2024
PIN, Small business, HKEX

SHANGHAI, March 12, 2024 /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 it plans to release its fourth quarter and fiscal year 2023 financial results before the market opens on Thursday, March 21, 2024 U.S. Eastern Time.

Key Points: 
  • SHANGHAI, March 12, 2024 /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 it plans to release its fourth quarter and fiscal year 2023 financial results before the market opens on Thursday, March 21, 2024 U.S. Eastern Time.
  • The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Thursday, March 21, 2024 (9:00 A.M. Beijing Time on Friday, March 22, 2024) 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.
  • The replay will be accessible through March 28, 2024, by dialing the following numbers:

Lufax Reports Third Quarter 2023 Financial Results

Retrieved on: 
星期一, 十一月 13, 2023
Pressure, NPL, PAOB, SME, Risk, SBO, OneConnect Financial Technology, Calendar, DPD, Credit, Hong Kong Monetary Authority, Total, Growth, Development, Environment, P&C, Cryptocurrency, Rare-earth element, Video game, Security (finance), Bank

For the third quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.8%, unchanged from the third quarter of 2022.

Key Points: 
  • For the third quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.8%, unchanged from the third quarter of 2022.
  • C-M3 flow rate[2] for the total loans the Company had enabled was 1.1% in the third quarter of 2023, compared to 1.0% the second quarter of 2023.
  • Flow rates for the general unsecured loans and secured loans the Company had enabled were 1.2% and 0.7% respectively in the third quarter of 2023, as compared to 1.2% and 0.5% respectively in the second quarter of 2023.
  • Mr. David Choy, Chief Financial Officer of Lufax, commented, "We remained committed to our cost optimization efforts during the third quarter.

Lufax Reports Second Quarter 2023 Financial Results

Retrieved on: 
星期一, 八月 21, 2023
Government, Insurance, Calendar, SBO, Growth, US, NPL, P&C, Credit, Accounting, Risk, Fruit, DPD, Cryptocurrency, Rare-earth element, Security (finance), Real estate, Bank

For the second quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.0%, as compared to 8.6% for the second quarter of 2022.

Key Points: 
  • For the second quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.0%, as compared to 8.6% for the second quarter of 2022.
  • C-M3 flow rate[2] for the total loans the Company had enabled was 1.0% in the second quarter of 2023, remaining unchanged from the first quarter of 2023.
  • Flow rates for the general unsecured loans and secured loans the Company had enabled were 1.2% and 0.5%, respectively, in the second quarter of 2023, as compared to 1.2% and 0.5%, respectively, in the first quarter of 2023.
  • Mr. David Choy, Chief Financial Officer of Lufax, commented, "We continued to advance our efforts aimed at refining our cost structure and strengthening our business model in the second quarter.

Changes in Board Composition

Retrieved on: 
星期二, 八月 8, 2023
Small business, Shanghai Stock Exchange, Insurance, Life, Stock exchange, Ping'an, Shenzhen Stock Exchange, Re Exchange Banking Co, Management, HKEX, Northern Securities Co. v. United States, Ageing, Bank, Nanjing University, NYSE, Ping An Insurance

The board of directors of the Company has appointed Mr. Yonglin Xie as a non-executive director of the Company with effect from August 8, 2023.

Key Points: 
  • The board of directors of the Company has appointed Mr. Yonglin Xie as a non-executive director of the Company with effect from August 8, 2023.
  • The Company would like to take this opportunity to express its appreciation to Mr. Ji for his significant contribution to the Company during his tenure of office.
  • Mr. Xie joined Ping An Insurance in 1994 and has been serving as a director of Ping An Insurance since April 2020.
  • Mr. Xie graduated from Nanjing University with a Ph.D. in Corporate Management and a Master of Science degree.

Lufax Reports First Quarter 2023 Financial Results

Retrieved on: 
星期一, 五月 22, 2023
Top, SBO, Growth, Ecosystem, US, P&C, Credit, Risk, DPD, Total, Cryptocurrency, Video game, Security (finance), Bank

New loans enabled were RMB57.0 billion in the first quarter of 2023, compared to RMB164.3 billion in the same period of 2022, representing a decrease of 65.3%.

Key Points: 
  • New loans enabled were RMB57.0 billion in the first quarter of 2023, compared to RMB164.3 billion in the same period of 2022, representing a decrease of 65.3%.
  • For the first quarter of 2023, the Company's retail credit enablement business take rate[1] based on loan balance was 7.3%, as compared to 9.7% for the first quarter of 2022.
  • The C-M3 flow rate[2] for the total loans the Company had enabled was 1.0% in the first quarter of 2023, remaining unchanged from the fourth quarter of 2022.
  • Mr. Gregory Gibb, Co-Chief Executive Officer of Lufax, commented, "Continuing macro headwinds impacted our performance during the first quarter.

Lufax Holding lists on the Hong Kong Stock Exchange: Improving Industry Demand and Focusing on Small and Micro Business ("SMBs") Financing

Retrieved on: 
星期四, 四月 20, 2023
Small business, SBO, Hong Kong Stock Exchange, SME, Risk assessment, Luigi, CIC, RMB, SMB, HKEX, GDP, Growth, NYSE, Bank, Cryptocurrency

HONG KONG, Apr 20, 2023 - (ACN Newswire) - Recently, Lufax Holding Limited ("Lufax Holding" or the "Company", 06623.HK) lists by way of introduction on the Hong Kong Stock Exchange, realizing dual primary listing on HKEX and the NYSE.

Key Points: 
  • HONG KONG, Apr 20, 2023 - (ACN Newswire) - Recently, Lufax Holding Limited ("Lufax Holding" or the "Company", 06623.HK) lists by way of introduction on the Hong Kong Stock Exchange, realizing dual primary listing on HKEX and the NYSE.
  • Lufax Holding now mainly provides small business owners ("SBOs") and other highquality borrowers with tailored financing products.
  • In October 2020, Lufax was listed on the New York Stock Exchange in the United States.
  • Recently, China's economy has been on a clear upward trend, which has expanded room for growth for leading enterprises such as Lufax Holding.