Lufax Q3 net loss more than triples year over year to RMB 1.49 billion
Bitget2026/10/27 22:30- Lufax’s third-quarter 2026 net loss more than tripled year over year to RMB 1.49 billion due to higher credit impairment losses and taxes.
- Total income fell year over year to RMB 6.18 billion, while credit impairment losses climbed 10% to RMB 4.51 billion.
- New consumer finance loans rose 25% year over year to RMB 39.7 billion, supporting overall new loan growth to RMB 58.3 billion.
- Management continued its selective customer strategy, exited certain high-risk customer segments and adjusted its post-loan collection approach.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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