The company’s path to stability follows a comprehensive restructuring of its board and internal controls, including a multi-year audit review. CEO Xiang Ji noted that the firm is navigating a difficult economic climate for small business owners by pivoting toward lower-risk borrowers. This selective strategy, bolstered by artificial intelligence in customer segmentation, helped drive new consumer finance loan sales up 27.6% year-over-year to RMB36.9 billion.
Lufax Reports Q2 2026 Results Amid Strategic Operational Shift
Lufax Holding Ltd narrowed its quarterly net loss to RMB82 million, a significant recovery from the RMB594 million loss recorded during the same period last year. The Shanghai-based financial services firm cited this performance as a critical step toward restoring a predictable, regular reporting cadence for its global investors.
Total income for the second quarter reached RMB6,227 million, down from RMB7,365 million in 2025, reflecting a broader contraction in the company's loan balance. Despite the lower top-line figure, the firm successfully reduced total expenses by 12.7% through aggressive cost-control measures and personnel optimization. Asset quality indicators showed sequential improvement, with the C-M3 flow rate falling to 1.0% and the non-performing loan ratio for consumer finance dipping to 1.3%. Given the net loss recorded for the first half of the year, the board of directors confirmed that no semi-annual dividend will be paid.
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