Lufax Q3 Net Loss Widens to RMB1.49 Billion on Credit Costs, Tax
SHANGHAI – October 29, 2026 -- Lufax Holding Ltd (NYSE: LU, HKEX: 6623) reported a third-quarter 2026 net loss of RMB1,494 million (US$223 million), up from RMB380 million a year earlier, as credit impairment losses rose 10.3% and income tax expenses jumped 946.5%.
Total income falls 4.6% as fee-based revenue shrinks
Total income fell to RMB6,180 million (US$922 million) from RMB6,479 million in the third quarter of 2025. Technology platform-based income dropped 24.1% to RMB1,055 million, reflecting lower retail credit enablement service fees from reduced new loan sales and a smaller off-balance sheet loan balance. Guarantee income declined 24.6% to RMB1,020 million on a lower average off-balance sheet balance and lower average fee rates.