NYSE : LU
Lufax Holding Ltd — Financial statements
Financials · Credit Services · China
Last price 8.26 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 715.89M
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Financial statements
Lufax Holding Ltd (LU) reported revenue of 28.10B CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 4.51B | 5.59B | 8.16B | 15.32B | 29.21B | 38.29B |
| Other Revenue | 23.59B | 24.41B | 20.20B | 26.27B | 39.31B | 31.85B |
| Revenue | 28.10B | 29.99B | 28.36B | 41.59B | 68.52B | 70.15B |
| Cost of Revenue | 12.35B | 12.78B | 12.20B | 12.77B | 14.10B | 9.00B |
| Gross Profit | 15.75B | 17.22B | 16.16B | 28.82B | 54.43B | 61.15B |
| Selling, General & Admin | 5.87B | 6.95B | 8.61B | 13.64B | 20.55B | 23.64B |
| Other Operating Expenses | -276.25M | |||||
| Operating Expenses | 7.29B | 7.16B | 8.80B | 14.27B | 21.68B | 24.36B |
| Operating Income | 8.46B | 10.06B | 7.36B | 14.55B | 32.74B | 36.79B |
| Interest Expense | -4.04B | -3.85B | -4.97B | -9.06B | -13.21B | -10.41B |
| Interest & Investment Income | 723.08M | 723.08M | 1.03B | 1.42B | 1.31B | 820.84M |
| Currency Exchange Gain (Loss) | -64.56M | -64.56M | -190.80M | 75.71M | -877.23M | |
| Other Non Operating Income (Expenses) | -7.21B | -7.42B | -5.07B | -5.38B | -6.78B | -2.43B |
| EBT Excluding Unusual Items | -2.14B | -549.97M | -1.83B | 1.59B | 13.19B | 24.77B |
| Impairment of Goodwill | -6.66M | -6.66M | -128.72M | |||
| Gain (Loss) on Sale of Investments | 528.00K | 528.00K | -246.91M | 27.23M | -538.97M | -272.91M |
| Asset Writedown | -28.31M | -28.31M | -24.58M | -420.44M | -972.16M | |
| Other Unusual Items | -173.78M | |||||
| Pretax Income | -2.17B | -577.75M | -2.08B | 1.59B | 12.05B | 23.40B |
| Income Tax Expense | 831.81M | 1.13B | 1.52B | 635.37M | 4.19B | 6.69B |
| Earnings From Continuing Operations | -3.00B | -1.71B | -3.60B | 953.10M | 7.86B | 16.71B |
| Minority Interest in Earnings | -334.84M | -386.07M | -267.11M | -143.47M | -80.75M | 95.32M |
| Net Income | -3.34B | -2.10B | -3.87B | 809.62M | 7.78B | 16.80B |
| Net Income to Common | -3.34B | -2.10B | -3.87B | 809.62M | 7.78B | 16.80B |
| Shares Outstanding (Basic) | 86.97M | 86.67M | 69.76M | 57.31M | 57.25M | 59.09M |
| Shares Outstanding (Diluted) | 86.97M | 86.67M | 69.76M | 57.36M | 57.37M | 67.99M |
| EPS (Basic) | -38.36 | -24.20 | -55.49 | 14.13 | 135.84 | 284.37 |
| EPS (Diluted) | -38.36 | -24.20 | -55.49 | 14.13 | 135.60 | 267.58 |
| Free Cash Flow | 3.14B | 12.44B | 1.74B | 12.67B | 4.83B | 4.83B |
| Free Cash Flow Per Share | 36.10 | 143.49 | 25.00 | 220.88 | 84.12 | 71.11 |
| Dividend Per Share | 11.06 | 60.70 | 86.40 | |||
| Gross Margin | 56.06% | 57.40% | 56.97% | 69.30% | 79.43% | 87.17% |
| Operating Margin | 30.10% | 33.55% | 25.96% | 34.98% | 47.78% | 52.45% |
| Profit Margin | -11.87% | -6.99% | -13.65% | 1.95% | 11.35% | 23.96% |
| Free Cash Flow Margin | 11.17% | 41.46% | 6.15% | 30.46% | 7.04% | 6.89% |
| EBITDA | 8.47B | 10.11B | 7.47B | 14.73B | 32.92B | 36.99B |
| EBITDA Margin | 30.13% | 33.71% | 26.33% | 35.43% | 48.05% | 52.73% |
| D&A For EBITDA | 8.88M | 49.83M | 104.44M | 185.22M | 181.60M | 193.51M |
| EBIT | 8.46B | 10.06B | 7.36B | 14.55B | 32.74B | 36.79B |
| EBIT Margin | 30.10% | 33.55% | 25.96% | 34.98% | 47.78% | 52.45% |
| Effective Tax Rate | 40.00% | 34.77% | 28.59% | |||
| Revenue as Reported | 25.23B | 27.13B | 24.51B | 34.29B | 57.62B | 61.83B |
| Advertising Expenses | 1.69B |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.25B | 22.09B | 29.90B | 39.70B | 43.94B | 34.74B |
| Trading Asset Securities | 34.19B | 36.24B | 21.01B | 24.79B | 31.95B | 31.02B |
| Cash & Short-Term Investments | 55.43B | 58.33B | 50.92B | 64.49B | 75.89B | 65.77B |
| Accounts Receivable | 109.89B | 104.01B | 114.67B | 132.28B | 217.46B | 226.31B |
| Other Receivables | 774.38M | 888.95M | 1.39B | 2.25B | 1.23B | |
| Receivables | 109.89B | 104.79B | 115.56B | 133.66B | 219.71B | 233.07B |
| Prepaid Expenses | 67.26M | 33.42M | 72.12M | 104.33M | 114.38M | |
| Restricted Cash | 15.86B | 19.39B | 14.58B | 14.04B | 28.15B | 31.81B |
| Other Current Assets | 1.88B | 2.18B | 3.75B | 7.73B | 9.51B | |
| Total Current Assets | 181.18B | 184.46B | 183.27B | 216.02B | 331.58B | 340.27B |
| Property, Plant & Equipment | 255.06M | 319.66M | 370.67M | 605.80M | 1.10B | 1.19B |
| Long-Term Investments | 7.70B | 6.18B | 2.66B | 1.76B | 3.45B | 4.24B |
| Goodwill | 9.16B | 9.17B | 9.18B | 8.91B | 8.91B | 8.92B |
| Other Intangible Assets | 903.74M | 911.60M | 956.08M | 874.92M | 885.06M | 899.41M |
| Long-Term Deferred Tax Assets | 7.60B | 6.98B | 6.77B | 5.73B | 5.00B | 4.87B |
| Long-Term Deferred Charges | 6.55M | 8.19M | 16.21M | 29.28M | 24.13M | |
| Other Long-Term Assets | 768.25M | 90.59M | 325.71M | 465.89M | 12.52M | 18.13M |
| Total Assets | 207.57B | 208.11B | 203.54B | 234.38B | 350.97B | 360.43B |
| Accounts Payable | 6.75B | 125.06M | 48.07M | 113.33M | 194.72M | 401.21M |
| Accrued Expenses | 4.74B | 4.97B | 4.67B | 5.36B | 7.51B | |
| Short-Term Debt | 537.98M | 831.72M | 693.89M | 14.50B | 702.84M | |
| Current Portion of Leases | 151.98M | 186.87M | 253.69M | 429.07M | 484.50M | |
| Current Income Taxes Payable | 482.17M | 396.64M | 782.35M | 801.61M | 1.99B | 8.22B |
| Current Unearned Revenue | 602.76M | 827.98M | 2.19B | 3.07B | 1.11B | |
| Other Current Liabilities | 508.05M | 667.79M | 721.56M | 985.76M | 1.57B | 3.20B |
| Total Current Liabilities | 7.74B | 7.22B | 8.36B | 9.71B | 27.11B | 21.63B |
| Long-Term Debt | 79.17B | 70.04B | 57.29B | 44.47B | 42.08B | 44.00B |
| Long-Term Leases | 199.88M | 107.78M | 116.00M | 150.83M | 331.56M | 310.05M |
| Long-Term Deferred Tax Liabilities | 453.19M | 297.93M | 333.56M | 492.12M | 539.65M | 833.69M |
| Other Long-Term Liabilities | 40.02B | 48.41B | 53.84B | 87.06B | 187.23B | 199.10B |
| Total Liabilities | 127.59B | 126.07B | 119.94B | 141.89B | 257.29B | 265.87B |
| Common Stock | 117.00K | 117.00K | 117.00K | 75.00K | 75.00K | 75.00K |
| Additional Paid-In Capital | 27.03B | 27.03B | 27.03B | 32.14B | 32.07B | 33.37B |
| Retained Earnings | 54.27B | 61.14B | 63.24B | 67.11B | 66.30B | 58.73B |
| Treasury Stock | -5.64B | -5.64B | -5.64B | -5.64B | -5.64B | -5.56B |
| Comprehensive Income & Other | 1.88B | -2.69B | -2.85B | -2.67B | -669.08M | 6.52B |
| Total Common Equity | 77.53B | 79.83B | 81.77B | 90.94B | 92.06B | 93.05B |
| Minority Interest | 2.45B | 2.21B | 1.83B | 1.56B | 1.62B | 1.51B |
| Shareholders' Equity | 79.98B | 82.04B | 83.60B | 92.49B | 93.68B | 94.56B |
| Total Liabilities & Equity | 207.57B | 208.11B | 203.54B | 234.38B | 350.97B | 360.43B |
| Total Debt | 79.37B | 70.84B | 58.42B | 45.57B | 57.34B | 45.50B |
| Net Cash (Debt) | -23.94B | -12.51B | -7.51B | 18.92B | 18.55B | 20.27B |
| Net Cash Per Share | -275.21 | -144.32 | -107.61 | 329.79 | 323.34 | 298.10 |
| Filing Date Shares Outstanding | 86.26M | 86.67M | 86.67M | 57.32M | 57.30M | 57.21M |
| Total Common Shares Outstanding | 86.26M | 86.67M | 86.67M | 57.32M | 57.30M | 57.21M |
| Working Capital | 173.44B | 177.24B | 174.91B | 206.31B | 304.47B | 318.64B |
| Book Value Per Share | 898.77 | 921.09 | 943.51 | 1,586.56 | 1,606.64 | 1,626.50 |
| Tangible Book Value | 67.47B | 69.75B | 71.64B | 81.15B | 82.26B | 83.24B |
| Tangible Book Value Per Share | 782.14 | 804.78 | 826.61 | 1,415.82 | 1,435.67 | 1,454.90 |
| Buildings | 194.23M | 205.47M | 626.58M | |||
| Machinery | 512.34M | 620.64M | ||||
| Leasehold Improvements | 957.80M | 962.95M | 963.65M | 924.39M | 849.95M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.34B | -2.10B | -3.87B | 809.62M | 7.78B | 16.80B |
| Depreciation & Amortization | 258.98M | 258.98M | 388.08M | 612.58M | 772.80M | 802.40M |
| Other Amortization | 14.61M | 14.61M | 39.77M | 11.02M | 15.32M | 22.23M |
| Loss (Gain) From Sale of Assets | 1.01M | 1.01M | 84.67M | 21.99M | 24.83M | 6.68M |
| Asset Writedown & Restructuring Costs | 28.31M | 28.31M | 31.25M | 427.11M | 1.10B | |
| Loss (Gain) From Sale of Investments | -871.09M | -871.09M | 1.58B | 525.00M | 132.88M | 483.36M |
| Loss (Gain) on Equity Investments | 691.00K | 5.42M | 218.00K | 31.14M | ||
| Stock-Based Compensation | 374.00K | 374.00K | -18.12M | -36.20M | 45.16M | 133.40M |
| Other Operating Activities | -8.07B | -15.75M | 221.93M | -890.62M | -3.31B | -1.40B |
| Change in Accounts Payable | 1.09B | 1.09B | -22.11B | -97.87B | -19.17B | 82.51B |
| Change in Other Net Operating Assets | 3.49B | 3.49B | 17.86B | 103.90B | 6.33B | -101.16B |
| Operating Cash Flow | 3.18B | 12.47B | 1.82B | 12.72B | 4.96B | 4.99B |
| Capital Expenditures | -36.70M | -36.70M | -72.56M | -51.28M | -129.37M | -153.05M |
| Sale of Property, Plant & Equipment | 199.00K | 199.00K | 9.66M | 8.46M | 19.94M | 5.00K |
| Cash Acquisitions | -3.25M | -3.25M | -697.43M | |||
| Divestitures | 466.00K | 466.00K | -641.00K | 25.07M | ||
| Investment in Securities | -17.63B | -17.63B | 2.58B | -4.28B | 6.39B | -988.25M |
| Other Investing Activities | 14.87B | 1.20B | 852.63M | 825.73M | 1.71B | 1.46B |
| Investing Cash Flow | -2.80B | -16.47B | 2.67B | -3.47B | 7.99B | 313.82M |
| Long-Term Debt Issued | 14.01B | 9.04B | 14.62B | 9.05B | 7.26B | |
| Long-Term Debt Repaid | -10.16B | -14.52B | -32.56B | -10.16B | -2.47B | |
| Lease Payments | -206.36M | -206.36M | -289.62M | -486.94M | -617.80M | -663.16M |
| Net Debt Issued (Repaid) | 3.85B | 3.85B | -5.47B | -17.94B | -1.11B | 4.80B |
| Issuance of Common Stock | 129.00K | 129.00K | 2.17M | 252.00K | 95.91M | 43.46M |
| Repurchase of Common Stock | -6.44B | |||||
| Common Dividends Paid | -5.13B | -1.44B | -7.72B | |||
| Other Financing Activities | -3.98B | -528.17M | -677.32M | -875.82M | -1.20B | -850.12M |
| Financing Cash Flow | -132.62M | 3.32B | -11.28B | -20.25B | -9.93B | -2.45B |
| Foreign Exchange Rate Adjustments | -77.38M | -32.83M | 17.28M | -20.35M | 57.02M | -142.61M |
| Net Cash Flow | 168.88M | -709.36M | -6.78B | -11.02B | 3.07B | 2.71B |
| Free Cash Flow | 3.14B | 12.44B | 1.74B | 12.67B | 4.83B | 4.83B |
| Free Cash Flow Margin | 11.17% | 41.46% | 6.15% | 30.46% | 7.04% | 6.89% |
| Free Cash Flow Per Share | 36.10 | 143.49 | 25.00 | 220.88 | 84.12 | 71.11 |
| Levered Free Cash Flow | 9.53B | 19.59B | 104.71B | 23.46B | -88.97B | |
| Unlevered Free Cash Flow | 11.94B | 22.70B | 110.37B | 31.72B | -82.46B | |
| Free Cash Flow After Leases | 2.93B | 12.23B | 1.45B | 12.18B | 4.21B | 4.17B |
| Cash Interest Paid | 528.17M | 528.17M | 677.32M | 1.53B | 1.21B | 867.72M |
| Cash Income Tax Paid | 1.80B | 1.80B | 2.34B | 2.75B | 10.29B | 8.01B |
| Change in Working Capital | 4.58B | 4.58B | -4.25B | 6.03B | -12.85B | -18.65B |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 722.82M | 2.22B | 2.07B | 1.76B | 4.44B | 13.86B |
| Enterprise Value | 4.29B | 1.02B | 869.17M | -1.02B | 2.99B | 10.32B |
| Last Close Price | 8.26 | 25.60 | 23.90 | 14.09 | 33.87 | 86.84 |
| PE Ratio | 15.41 | 3.94 | 5.24 | |||
| Forward PE | 103.93 | 164.62 | 8.71 | 6.72 | 5.41 | |
| PS Ratio | 0.17 | 0.52 | 0.53 | 0.30 | 0.45 | 1.25 |
| PB Ratio | 0.06 | 0.19 | 0.18 | 0.14 | 0.33 | 0.93 |
| P/TBV Ratio | 0.07 | 0.22 | 0.21 | 0.15 | 0.37 | 1.06 |
| P/FCF Ratio | 1.53 | 1.25 | 8.67 | 0.98 | 6.34 | 18.22 |
| P/OCF Ratio | 1.51 | 1.24 | 8.32 | 0.98 | 6.18 | 17.66 |
| PEG Ratio | 2.75 | 4.28 | 1.03 | 0.59 | 0.51 | |
| EV/Sales Ratio | 1.02 | 0.24 | 0.22 | 0.30 | 0.94 | |
| EV/EBITDA Ratio | 3.40 | 0.70 | 0.85 | 0.63 | 1.77 | |
| EV/EBIT Ratio | 3.40 | 0.71 | 0.86 | 0.63 | 1.78 | |
| EV/FCF Ratio | 9.09 | 0.57 | 3.64 | 4.28 | 13.57 | |
| Debt / Equity Ratio | 0.99 | 0.86 | 0.70 | 0.49 | 0.61 | 0.48 |
| Debt / EBITDA Ratio | 9.15 | 6.86 | 7.54 | 3.01 | 1.71 | 1.21 |
| Debt / FCF Ratio | 25.28 | 5.70 | 33.50 | 3.60 | 11.88 | 9.41 |
| Net Debt / Equity Ratio | 0.30 | 0.15 | 0.09 | -0.20 | -0.20 | -0.21 |
| Net Debt / EBITDA Ratio | 2.83 | 1.24 | 1.00 | -1.28 | -0.56 | -0.55 |
| Net Debt / FCF Ratio | 7.62 | 1.01 | 4.30 | -1.49 | -3.84 | -4.19 |
| Asset Turnover | 0.15 | 0.13 | 0.14 | 0.19 | 0.23 | |
| Quick Ratio | 21.36 | 22.59 | 19.90 | 20.41 | 10.90 | 13.56 |
| Current Ratio | 23.41 | 25.55 | 21.91 | 22.25 | 12.23 | 15.73 |
| Return on Equity (ROE) | -2.07% | -4.09% | 1.02% | 8.35% | 18.80% | |
| Return on Assets (ROA) | 3.06% | 2.10% | 3.11% | 5.75% | 7.55% | |
| Return on Invested Capital (ROIC) | 8.24% | 10.84% | 8.94% | 11.74% | 28.59% | 41.08% |
| Return on Capital Employed (ROCE) | 4.20% | 5.00% | 3.80% | 6.50% | 10.10% | 10.90% |
| Earnings Yield | -698.98% | -13.52% | -25.60% | 6.49% | 25.40% | 19.08% |
| FCF Yield | 65.34% | 80.14% | 11.54% | 101.54% | 15.76% | 5.49% |
| Dividend Yield | 5.08% | 11.36% | 5.61% | |||
| Payout Ratio | 177.30% | 99.23% | ||||
| Buyback Yield / Dilution | -0.68% | -24.24% | -21.62% | 0.02% | 15.62% | -20.76% |
| Total Shareholder Return | -0.68% | -24.24% | -21.62% | 5.10% | 26.98% | -15.14% |