Lufax Reports Q3 Net Loss of RMB1.49 Billion
Lufax reported an unaudited Q3 2026 net loss of RMB1.49 billion, versus RMB380 million a year earlier. Total income was RMB6.18 billion, while total expenses rose 1.7% to RMB6.90 billion.
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10:44:22 PM UTC
SquawkNews
China's Lufax prelim Q3 net loss widens on higher credit impairment losses Overview China financial
Lufax reported unaudited Q3 2026 net loss of RMB1.49B vs RMB380M a year ago, total income RMB6.18B (-4.6% YoY), and total expenses RMB6.90B (+1.7% YoY), driven by higher credit impairment losses and income tax expenses.Material DetailsContext by AI AnalystThis continues a challenged profitability t…