Boosted by financial reports, Lujin (LU.US) surged ahead of the market.
The Zhitong Finance App learned that, boosted by financial reports, Lujin Institute (LU.US) surged ahead of the market. As of press release, the stock price had risen 23.15% to $4.15. The company achieved operating income of about 34.3 billion yuan and net profit of 1,034 billion yuan in 2023. By the end of 2023, Lujin Holdings had served approximately 20.94 million customers, with an enabling loan balance of 315.4 billion yuan, with an additional loan of 208 billion yuan for the whole year. Its consumer finance companies had a loan balance of 37.1 billion yuan at the end of 2023, and the share of new consumer finance loans increased to 34% in the year.