Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions. Lufax Holding Ltd was incorporated in 2014 and is headquartered in Shanghai, China.
IPO Year:
Exchange: NYSE
Website: lufaxholding.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | $3.20 | Hold | Jefferies |
| 1/25/2024 | Buy → Neutral | BofA Securities | |
| 8/24/2023 | $1.60 → $1.00 | Neutral → Sell | UBS |
| 6/8/2023 | $2.50 | Outperform | Bernstein |
| 5/16/2023 | Underperform → Outperform | Macquarie | |
| 3/14/2023 | $1.50 | Neutral → Underperform | Macquarie |
| 3/13/2023 | $3.52 → $2.04 | Buy → Neutral | Citigroup |
| 11/25/2022 | $2.00 | Buy → Hold | HSBC Securities |
| 11/25/2022 | $6.40 → $1.60 | Overweight → Underweight | JP Morgan |
| 11/25/2022 | $1.70 → $1.40 | Neutral → Underperform | Credit Suisse |
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SHANGHAI--(BUSINESS WIRE)--Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Financial Highlights Total income increased by 5.9% to RMB13,286 million (US$2,036 million) in fourth quarter of 2020 from RMB12,549 million in the same period of 2019. Net profit increased by 17.4% to RMB2,847 million (US$436 million) in fourth quarter of 2020 from RMB2,425 million in the same period of 2019. (In millions except percentages, unaudited) Three Months Ended December 3
BEIJING, Jan. 12, 2021 /PRNewswire/ -- Autohome Inc. ("Autohome" or the "Company") (NYSE: ATHM), the leading online destination for automobile consumers in China, today announced that Mr. Quan Long has been appointed as the successor to Mr. Min Lu to serve as a director and the chairman of the board of directors of the Company (the "Board"), the chairman of the nominating and corporate governance committee and the compensation committee of the Board, and the chief executive officer of the Company, effective immediately. Mr. Lu retired from his roles in the Company to explore new areas beyond office life. Before joining Autohome, Mr. Long has held a series of leadership roles within Ping A
SHANGHAI, Oct. 21, 2024 /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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total income was RMB5,543 million (US$790 million) in the third quarter of 2024, compared to RMB8,050 million in the same period of 2023.Net loss was RMB725 million (US$103 million) in the third quarter of 2024, compared to net profit of RMB131 million in the same period of 2023.(In millions except percentages, unaudited) Three Months Ended September 30, 2023 2024 YoY RMB RMB USD Total incom
SHANGHAI, Oct. 15, 2024 /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 third quarter 2024 financial results after the Hong Kong market closes and before the U.S. market opens on Monday, October 21, 2024. The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Monday, October 21, 2024 (9:00 A.M. Beijing Time on Tuesday, October 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 cal
SHANGHAI, Aug. 21, 2024 /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 second quarter ended June 30, 2024. Second Quarter 2024 & First Half 2024 Financial Highlights Total income was RMB5,976 million (US$822 million) in the second quarter of 2024, compared to RMB9,270 million in the same period of 2023.Net loss was RMB730 million (US$100 million) in the second quarter of 2024, compared to net profit of RMB1,004 million in the same period of 2023.(In millions except percentages, unaudited) Three Months Ended June 30, 2023 2024 YoY RMB RMB
SHANGHAI, Aug. 16, 2024 /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 2024 financial results after the market closes on Wednesday, August 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 Wednesday, August 21, 2024 (9:00 A.M. Beijing Time on Thursday, August 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. Upon registering
SHANGHAI, May 30, 2024 /PRNewswire/ -- Lufax Holding Ltd (NYSE:LU), a leading financial services enabler for small business owners in China, today announced the results of its annual general meeting of shareholders held in Shanghai on May 30, 2024. At the meeting, the shareholders of Lufax approved, ratified and/or confirmed the following resolutions: To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2023 and the reports of the directors and auditor thereon.To declare and approve payment of a special dividend of US$1.21 per ordinary share or US$2.42 per ADS out of the share premium account under reserves of the Company.(a) To
SHANGHAI, April 22, 2024 /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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total income was RMB6,964 million (US$964 million) in the first quarter of 2024, compared to RMB10,078 million in the same period of 2023.Net loss was RMB830 million (US$115 million) in the first quarter of 2024, compared to net profit of RMB732 million in the same period of 2023. (In millions except percentages, unaudited) Three Months Ended March 31, 2023 2024 YoY RMB RMB USD Total income 10
SHANGHAI, April 16, 2024 /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 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. Upon registering, each part
SHANGHAI, March 21, 2024 /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, 2023. Fourth Quarter 2023 Financial Highlights Total income was RMB6,857 million (US$966 million) in the fourth quarter of 2023, compared to RMB12,318 million in the same period of 2022.Net loss was RMB832 million (US$117 million) in the fourth quarter of 2023, compared to RMB806 million in the same period of 2022.(In millions except percentages, unaudited) Three Months Ended December 31, Twelve Months Ended December 31,
SHANGHAI, March 12, 2024 /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 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. Upon re
SHANGHAI, Nov. 13, 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 third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights Total income was RMB8,050 million (US$1,103 million) in the third quarter of 2023, compared to RMB13,193 million in the same period of 2022.Net profit was RMB131 million (US$18 million) in the third quarter of 2023, compared to RMB1,355 million in the same period of 2022.(In millions except percentages, unaudited) Three Months Ended September 30, 2022 2023 YoY RMB RMB USD Total income 13,193
SHANGHAI, Oct. 21, 2024 /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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Total income was RMB5,543 million (US$790 million) in the third quarter of 2024, compared to RMB8,050 million in the same period of 2023.Net loss was RMB725 million (US$103 million) in the third quarter of 2024, compared to net profit of RMB131 million in the same period of 2023.(In millions except percentages, unaudited) Three Months Ended September 30, 2023 2024 YoY RMB RMB USD Total incom
SHANGHAI, Oct. 15, 2024 /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 third quarter 2024 financial results after the Hong Kong market closes and before the U.S. market opens on Monday, October 21, 2024. The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Monday, October 21, 2024 (9:00 A.M. Beijing Time on Tuesday, October 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 cal
SHANGHAI, Aug. 21, 2024 /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 second quarter ended June 30, 2024. Second Quarter 2024 & First Half 2024 Financial Highlights Total income was RMB5,976 million (US$822 million) in the second quarter of 2024, compared to RMB9,270 million in the same period of 2023.Net loss was RMB730 million (US$100 million) in the second quarter of 2024, compared to net profit of RMB1,004 million in the same period of 2023.(In millions except percentages, unaudited) Three Months Ended June 30, 2023 2024 YoY RMB RMB
SHANGHAI, Aug. 16, 2024 /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 2024 financial results after the market closes on Wednesday, August 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 Wednesday, August 21, 2024 (9:00 A.M. Beijing Time on Thursday, August 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. Upon registering
SHANGHAI, May 30, 2024 /PRNewswire/ -- Lufax Holding Ltd (NYSE:LU), a leading financial services enabler for small business owners in China, today announced the results of its annual general meeting of shareholders held in Shanghai on May 30, 2024. At the meeting, the shareholders of Lufax approved, ratified and/or confirmed the following resolutions: To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2023 and the reports of the directors and auditor thereon.To declare and approve payment of a special dividend of US$1.21 per ordinary share or US$2.42 per ADS out of the share premium account under reserves of the Company.(a) To
SHANGHAI, April 23, 2024 /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 will hold an annual general meeting of the Company's shareholders (the "AGM") at 10:00 a.m. Hong Kong time on May 30, 2024 at Room 3601, No. 1333 Lujiazui Ring Road, Pudong New District, Shanghai, the People's Republic of China, for the purposes of considering and, if thought fit, passing each of the proposed resolutions set forth in the AGM notice. 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. Holders of rec
SHANGHAI, April 22, 2024 /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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total income was RMB6,964 million (US$964 million) in the first quarter of 2024, compared to RMB10,078 million in the same period of 2023.Net loss was RMB830 million (US$115 million) in the first quarter of 2024, compared to net profit of RMB732 million in the same period of 2023. (In millions except percentages, unaudited) Three Months Ended March 31, 2023 2024 YoY RMB RMB USD Total income 10
SHANGHAI, April 16, 2024 /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 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. Upon registering, each part
SHANGHAI, March 21, 2024 /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, 2023. Fourth Quarter 2023 Financial Highlights Total income was RMB6,857 million (US$966 million) in the fourth quarter of 2023, compared to RMB12,318 million in the same period of 2022.Net loss was RMB832 million (US$117 million) in the fourth quarter of 2023, compared to RMB806 million in the same period of 2022.(In millions except percentages, unaudited) Three Months Ended December 31, Twelve Months Ended December 31,
SHANGHAI, March 12, 2024 /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 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. Upon re
Jefferies resumed coverage of Lufax with a rating of Hold and set a new price target of $3.20
BofA Securities downgraded Lufax from Buy to Neutral
UBS downgraded Lufax from Neutral to Sell and set a new price target of $1.00 from $1.60 previously
Bernstein initiated coverage of Lufax with a rating of Outperform and set a new price target of $2.50
Macquarie upgraded Lufax from Underperform to Outperform
Macquarie downgraded Lufax from Neutral to Underperform and set a new price target of $1.50
Citigroup downgraded Lufax from Buy to Neutral and set a new price target of $2.04 from $3.52 previously
HSBC Securities downgraded Lufax from Buy to Hold and set a new price target of $2.00
JP Morgan downgraded Lufax from Overweight to Underweight and set a new price target of $1.60 from $6.40 previously
Credit Suisse downgraded Lufax from Neutral to Underperform and set a new price target of $1.40 from $1.70 previously
Key Takeaways: OneConnect will shutter its cloud services division, which accounted for nearly half its revenue, after losing most of its customers for the business The development underscores a major risk for Chinese companies that rely too heavily on business from their parent and other related companies By Doug Young The story of former fintech highflyer OneConnect Financial Technology Co. Ltd. (NYSE:OCFT) is rapidly shaping up as a tale of an incredible shrinking company. It also offers a valuable corporate lesson on the dangers of relying too heavily on business from related companies. OneConnect made headlines late last week when it announced it would shutter its cloud services
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