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Lufax Holding Ltd Class A
(6623)
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Rating:50Neutral
Price Target:
HK$3.50
▼(-67.89% Downside)
Action:N/A
Date:10/28/26
The score is held back primarily by deteriorated profitability and a weak technical setup (price far below key moving averages with bearish MACD). Offsetting factors include resilient cash-flow generation and a still-reasonable equity cushion, while the latest earnings call points to operational improvements and lower funding costs but ongoing loss pressure, higher impairments, and near-term regulatory and macro headwinds.
Positive Factors
Cash Generation
Positive operating and free cash flow provide an internal funding base for lending operations, risk controls and technology investment. The strong 2025 rebound is particularly supportive because it shows the platform can generate cash even while reported earnings remain under pressure.
Negative Factors
Persistent Net Losses
The substantially wider quarterly loss indicates that the business has not restored sustainable profitability. Continued losses can reduce retained capital, limit strategic flexibility and make recovery dependent on improving credit performance, revenue quality and operating efficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Positive operating and free cash flow provide an internal funding base for lending operations, risk controls and technology investment. The strong 2025 rebound is particularly supportive because it shows the platform can generate cash even while reported earnings remain under pressure.
Read all positive factors
Lufax Holding Ltd Class A (6623) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.46B
Dividend Yield114.25%
Average Volume (3M)145.72K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees33,163
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,733,377,800
10 Day Avg. Volume134,320
30 Day Avg. Volume145,725
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.21
Price to Sales (P/S)0.64
P/FCF Ratio1.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.22
Revenue Forecast (FY)HK$29.90B
Lufax Holding Ltd Class A Business Overview & Revenue Model
Company Description
Lufax Holding Ltd engages in the retail credit and enablement business to borrowers and institutions in the People’s Republic of China. It offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans...
Lufax Holding Ltd Class A Earnings Call Summary
Earnings Call Date:Oct 27, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Mar 09, 2027
Earnings Call Sentiment Neutral
The call presented a mixed but cautious outlook. Lufax reported growth in new loan sales led by consumer finance, stable consumer finance NPLs, improved DPD delinquency metrics, declining funding costs, sufficient partner-bank funding and multiple operating, AI and compliance initiatives. However, these positives were offset by a RMB 1,494 million net loss, higher credit impairment losses, increased C-M3 flow rates, declining total income and loan balances, weak macro demand, collection disruption and near-term regulatory pressure on growth and profitability.Positive Updates
Hong Kong Share Trading Resumed
Trading in Lufax's ordinary shares on the Hong Kong Stock Exchange resumed on September 24, 2026.
Negative Updates
Challenging Small-Business Financing Environment
The operating environment for small and micro business owners remained challenging in the third quarter, financing demand stayed weak, and the Cheung Kong Business School SME Development Index remained below the 50-point boom-and-bust line.
Read all updates
Q3-2026 Updates
Positive
Negative
Hong Kong Share Trading Resumed
Trading in Lufax's ordinary shares on the Hong Kong Stock Exchange resumed on September 24, 2026.
Read all positive updates
Company Guidance
Management said it will remain prudent, focus on quality growth and pursue “a more high-quality growth rather than a scale growth purely”; it expects asset quality will gradually improve, although the macro and regulatory impact may continue for a couple of months towards the end of the year, and expects risk volatility caused by enforcement actions to be temporary. Collection measures, including greater use of judicial recovery channels, expanded use of AI-driven collection and increased reliance on the in-house collection force, need a couple of months to take effect, and management believes these measures will improve collection performance over time, while it is not able to provide forecast for future recovery rates at the moment. Management expects overall movement towards greater standardization to continue in the foreseeable future, with near-term pressure on growth and profitability, while tightened regulation will benefit the industry in the long run but may have some negative impact in the short term. It plans to further upgrade risk models, deepen collection reforms and expand AI-driven collections; funding costs were 3.6%, down 20 bps Q-on-Q and 80 bps year-on-year, and management expects funding availability will not pose a material constraint on its lending business.Lufax Holding Ltd Class A Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 29.50B | 25.95B | 40.23B | 72.92B | 86.10B |
| Gross Profit | 7.17B | 7.33B | 16.67B | 38.75B | 65.86B |
| EBITDA | -332.78M | -1.77B | 2.39B | 15.02B | 31.39B |
| Net Income | -2.30B | -4.16B | 875.54M | 9.10B | 20.25B |
Balance Sheet | |||||
| Total Assets | 231.53B | 216.52B | 259.41B | 399.72B | 440.91B |
| Cash, Cash Equivalents and Short-Term Investments | 31.20B | 33.23B | 44.37B | 50.62B | 79.75B |
| Total Debt | 80.06B | 62.10B | 51.12B | 64.31B | 54.80B |
| Total Liabilities | 140.26B | 127.59B | 157.04B | 293.03B | 325.23B |
| Stockholders Equity | 88.81B | 86.99B | 100.65B | 104.85B | 113.83B |
Cash Flow | |||||
| Free Cash Flow | 13.61B | 1.87B | 13.70B | 5.65B | 6.53B |
| Operating Cash Flow | 13.65B | 1.95B | 13.76B | 5.80B | 6.72B |
| Investing Cash Flow | -18.02B | 2.87B | -3.75B | 9.36B | -1.35B |
| Financing Cash Flow | 3.63B | -12.12B | -21.90B | -11.63B | -1.93B |
Lufax Holding Ltd Class A Technical Analysis
Negative
10.90
Price Trends
7.65
Negative
9.28
Negative
10.09
Negative
Market Momentum
-1.16
Negative
23.90
Positive
7.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6623, the sentiment is Negative. The current price of 10.9 is above the 20-day moving average (MA) of 4.06, above the 50-day MA of 7.65, and above the 200-day MA of 10.09, indicating a bearish trend. The MACD of -1.16 indicates Negative momentum. The RSI at 23.90 is Positive, neither overbought nor oversold. The STOCH value of 7.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6623.
Lufax Holding Ltd Class A Risk Analysis
Lufax Holding Ltd Class A disclosed 114 risk factors in its most recent earnings report. Lufax Holding Ltd Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lufax Holding Ltd Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$7.35B | 9.01 | 6.27% | 0.48% | 21.47% | 0.61% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | HK$15.14B | 6.46 | 7.57% | ― | 15.60% | 49.14% | |
59 Neutral | HK$27.06B | 18.44 | 9.18% | 2.46% | 43.49% | 109.36% | |
50 Neutral | HK$5.46B | -5.61 | -1.11% | 114.25% | ― | ― |
* Financial Sector Average
HK:6623
Lufax Holding Ltd Class A
3.26
-7.65
-70.14%
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8.99
-7.75
-46.33%
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1.81
-2.37
-56.70%
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2.85
-0.93
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Qfin Holdings
20.58
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Noah Holdings Ltd. Class A
10.94
-4.44
-28.86%
Lufax Holding Ltd Class A Corporate Events
Lufax Releases Unaudited Q3 2026 Results and Adjusts Internal Control Committee
Oct 27, 2026
Lufax Holding Ltd has released its unaudited condensed consolidated financial results for the quarter ended September 30, 2026, prepared under International Financial Reporting Standards and filed in line with U.S. SEC requirements. The announceme...
Lufax Holding Names Veteran Fintech Executive Jia Liu as CFO
Oct 16, 2026
Lufax Holding Ltd has appointed Ms. Jia Liu as its chief financial officer, effective October 16, 2026, marking a key leadership change in the company’s financial management. The board highlighted her extensive audit, banking and fintech exp...
Lufax Warns of Steep Q3 Loss on Rising Credit and Tax Costs
Oct 16, 2026
Lufax Holding Ltd has warned investors that it expects to post a net loss of between RMB1.3 billion and RMB1.7 billion for the third quarter of 2026, a sharp deterioration from the RMB694 million loss reported for the first half of the year. The a...
Lufax Sets Late-October Board Meeting to Approve Nine-Month Results
Oct 14, 2026
Lufax Holding Ltd has scheduled a board meeting for October 27, 2026 to review and approve its unaudited quarterly financial results for the nine months ended September 30, 2026. The company also plans to publish these results following board appr...
Lufax Wins Shareholder Backing to Extend Ping An Convertible Notes
Oct 8, 2026
Lufax Holding Ltd shareholders approved a set of ordinary resolutions at an extraordinary general meeting on October 8, 2026, centered on extending by one year the maturity date of outstanding Ping An Overseas Holdings Convertible Promissory Notes...
Lufax Adjusts ADS-to-Share Ratio in U.S. Market Restructuring
Oct 1, 2026
Lufax Holding Ltd has announced a change in the ratio of its American Depositary Shares to ordinary shares, moving from one ADS representing two ordinary shares to one ADS representing twenty ordinary shares. The adjustment modifies how the compan...
Lufax Cleared to Resume Trading After Probe into Connected Deals and Loans
Sep 23, 2026
Lufax Holding Ltd has announced that it has met the Hong Kong Stock Exchange’s resumption guidance, paving the way for trading in its shares to restart after a suspension that began in January 2025. The company detailed extensive governance ...
Lufax Faces Expanded Probe in Revised Hong Kong Resumption Guidance
Sep 21, 2026
Lufax Holding Ltd has received modified resumption guidance from the Hong Kong Stock Exchange, updating earlier requirements tied to the ongoing suspension of its shares. The revisions expand the scope of the mandated independent forensic investig...
Lufax Sets October EGM to Extend Convertible Notes and Seek Share Issuance Mandate
Sep 9, 2026
Lufax Holding Ltd has called an extraordinary general meeting in Shanghai on October 8, 2026, to seek shareholder approval for an amendment and supplemental agreement that extends by one year the maturity date of its outstanding Ping An Overseas H...
Lufax Restructures Major Convertible Notes with Ping An Affiliates
Aug 20, 2026
Lufax Holding Ltd has agreed with major shareholders Ping An Overseas Holdings and An Ke Technology to extend by one year the maturity date of Ping An’s US$507.99 million convertible promissory notes to October 8, 2027, while redeeming in fu...
Lufax Releases Unaudited IFRS Interim Results for First Half of 2026
Aug 18, 2026
Lufax Holding Ltd announced its unaudited interim consolidated results for the six months ended June 30, 2026, prepared under International Financial Reporting Standards. The interim report, including management discussion, governance details and ...
Lufax Discloses Unaudited Q2 2026 Results With Investor Caution
Aug 18, 2026
Lufax Holding Ltd has released its unaudited condensed consolidated financial results for the quarter ended June 30, 2026, prepared under International Financial Reporting Standards and in accordance with U.S. SEC requirements. The announcement, c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.