LUFAX HLDG.L. A DL-,00001 Aktie

Lufax reported Q2 earnings of -$0.12 per share on revenue of RMB 6.23 billion (-15.5%). New originations rose to RMB 51.1 billion, driven by a 27.6% increase in consumer finance, while outstanding loan balances shrank to RMB 167.3 billion (-13.5%). Funding costs fell to 3.8% and credit quality improved (CM3 flow rate 1.0%), but the company remains unprofitable; analysts see a potential turnaround to profitability in 2026. Lufax announced the resumption of normal investor communications after completed reviews and a focus on lower-risk borrowers and AI-driven risk management. » Mere på de.investing.com

Lufax shares fell pre-market after the resignation of CFO Tongzhuan Xi and three non-executive directors, changes that took effect on July 25. The company is seeking a new finance chief; the duties are being handled internally on an interim basis. JPMorgan upgraded the stock from “Neutral” to “Overweight” with a $2.00 target, but the valuation does not alleviate concerns about the ongoing leadership instability. Lufax remains well below its 52-week high, and the weak macroeconomic backdrop offers little support. » Mere på de.investing.com