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Lufax Holding Ltd Class A (6623) AI Stock Analysis
Lufax Holding Ltd Class A
(HKEX:6623)
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.
Lufax Holding Ltd Class A (6623) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 5.46B
- Dividend Yield
- ―
- Average Volume (3M)
- 196.72K
- Price to Earnings (P/E)
- -5.6
- Beta (1Y)
- 0.37
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 33,163
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Credit Services
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. T...
Lufax Holding Ltd Class A Earnings Call Summary
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.
Q3-2026 Updates
Positive Updates
Negative 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
Mixed fundamentals: cash generation is a strength with consistently positive operating/free cash flow and a strong rebound in 2025, and the balance sheet still shows a meaningful equity cushion. Offsetting this, revenue has been volatile and profitability deteriorated into losses in 2024–2025, while leverage has risen and equity has trended down since 2023.
Income Statement
28NegativeBalance Sheet
62PositiveCash Flow
74Positive| Breakdown | Dec 2025 | Dec 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.95B | 29.50B | 40.23B | 72.92B | 86.10B |
| Gross Profit | 7.33B | 7.17B | 16.67B | 38.75B | 65.86B |
| EBITDA | -1.77B | -332.78M | 2.39B | 15.02B | 31.39B |
| Net Income | -4.16B | -2.30B | 875.54M | 9.10B | 20.25B |
Balance Sheet | |||||
| Total Assets | 216.52B | 231.53B | 259.41B | 399.72B | 440.91B |
| Cash, Cash Equivalents and Short-Term Investments | 33.23B | 31.20B | 44.37B | 50.62B | 79.75B |
| Total Debt | 62.10B | 80.06B | 51.12B | 64.31B | 54.80B |
| Total Liabilities | 127.59B | 140.26B | 157.04B | 293.03B | 325.23B |
| Stockholders Equity | 86.99B | 88.81B | 100.65B | 104.85B | 113.83B |
Cash Flow | |||||
| Free Cash Flow | 1.87B | 13.61B | 13.70B | 5.65B | 6.53B |
| Operating Cash Flow | 1.95B | 13.65B | 13.76B | 5.80B | 6.72B |
| Investing Cash Flow | 2.87B | -18.02B | -3.75B | 9.36B | -1.35B |
| Financing Cash Flow | -12.12B | 3.63B | -21.90B | -11.63B | -1.93B |
Lufax Holding Ltd Class A Technical Analysis
Price Trends
Market Momentum
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 3.25 is below the 20-day moving average (MA) of 4.06, below the 50-day MA of 7.65, and below 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.
Latest Risks Added
3 New RisksLufax Holding Ltd Class A Peers Comparison
Overall Rating
HK:037660.6Neutral
HK:178859Neutral
HK:606059Neutral- HK:662350Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| HK:0376 | 61Neutral | HKD 7.35B | 9.01 | 6.27% | ― | 21.47% | 0.61% |
| HK:1788 | 59Neutral | HKD 27.06B | 18.44 | 9.18% | 2.46% | 43.49% | 109.36% |
| HK:6060 | 59Neutral | HKD 15.14B | 6.46 | 7.57% | ― | 15.60% | 49.14% |
| HK:6623 | 50Neutral | HKD 5.46B | -5.61 | -1.11% | ― | ― | ― |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:6623 | Lufax Holding Ltd Class A | 3.25 | -7.65 | -70.14% | |
| HK:6060 | ZhongAn Online P & C Insurance | 8.98 | -7.91 | -46.83% | |
| HK:0376 | Yunfeng Financial Group Limited | 1.81 | -2.45 | -57.51% | |
| HK:1788 | Guotai Junan International Holdings Limited | 2.85 | -0.85 | -23.00% | |
| HK:3660 | Qfin Holdings Inc | 20.58 | -62.24 | -75.15% | |
| HK:6686 | 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
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 announcement...
Lufax Holding Names Veteran Fintech Executive Jia Liu as CFO
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 experi...
Lufax Warns of Steep Q3 Loss on Rising Credit and Tax Costs
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 anti...
Lufax Sets Late-October Board Meeting to Approve Nine-Month Results
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 approva...
Lufax Wins Shareholder Backing to Extend Ping An Convertible Notes
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. T...
Lufax Adjusts ADS-to-Share Ratio in U.S. Market Restructuring
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 company&#...
Lufax Cleared to Resume Trading After Probe into Connected Deals and Loans
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 and...
Lufax Faces Expanded Probe in Revised Hong Kong Resumption Guidance
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 investigati...
Lufax Sets October EGM to Extend Convertible Notes and Seek Share Issuance Mandate
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 Hold...
Lufax Restructures Major Convertible Notes with Ping An Affiliates
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 full...
Lufax Releases Unaudited IFRS Interim Results for First Half of 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 ful...
Lufax Discloses Unaudited Q2 2026 Results With Investor Caution
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, clas...
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.
Date of analysis: Oct 28, 2026