It's unimaginable that a profitable company can fall like this.

China Securities JournalSecuritiesNews (Reporter Wei Qian) On November 14th,Lufax Holdings(NYSE: LU; 06623.HK) released the financial report for the third quarter of 2023 on November 14th.Lufax HoldingsAchieved revenue of approximately 8.1 billion yuan in the third quarter.Net incomewas 0.131 billion yuan.

　　Lufax HoldingsIn the financial report explanation,New loansAsset quality stabilization and cost optimization are the main reasons lufax maintains profitability. The financial report shows that the third quarter credit impairment losses decreased by 24.1% year-on-year, and total expenses in the third quarter decreased by 30.1% year-on-year.