Summary by Moomoo AI
Lufax Holdings Limited (the "Company") announces the unaudited interim financial results for the six months ended June 30, 2024. During the period, the Company and its subsidiaries and consolidated entities had a loan balance of RMB 235.2 billion, a decrease of 44.8% compared to the same period last year; the balance of consumer finance loans increased by 27.9% to RMB 42 billion. The total size of new loans decreased to RMB 93.3 billion, and the amount of new consumer finance loans increased to RMB 42.4 billion. The risk-bearing rate increased to 56.7%. Total revenue decreased to RMB 12,940 million, and the net loss was RMB 1,560 million. The net assets were RMB 82,676 million, including bank deposits of RMB 37,114 million. The Company's strong capital position provides a solid foundation for...Show More