Summary by Moomoo AI
LUKIN HOLDINGS LIMITED (“LUKIN HOLDINGS” OR THE “COMPANY”) ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024. The total revenue for the quarter was RMB6,964 million, down 31% from the same period last year; the net loss was RMB830 million, and the net profit was RMB732 million in the same period last year. Loan balances decreased by 45.4%, new loans decreased by 15.6%, and the risk exposure ratio increased to 100%. UBS AG's Financial Advisors and Auditors, Mr Robinson, report on the estimates to confirm that the estimated accounting policies and calculation methods are consistent with last year's audited financial statements. In addition, Mr. Xu Siu Siu resigned as Chief Financial Officer due to personal reasons, and Mr. Zhu Pei-ching will take over. THE COMPANY EMPHASIZES THE RISK AND UNCERTAINTY OF FORWARD-LOOKING STATEMENTS AND REMINDS INVESTORS NOT TO RELY TOO HEAVILY ON FIRST QUARTER RESULTS. Detailed financial data and management changes were disclosed in the announcement dated 23 April 2024.