SHANGHAI, May 22, 2023
/PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE:
LU and HKEX: 6623), a leading financial services enabler for small
business owners in China, today
announced its unaudited financial results for the first quarter
ended March 31, 2023.
First Quarter 2023 Financial Highlights
- Total income was RMB10,078
million (US$1,467 million) in
the first quarter of 2023, compared to RMB17,316 million in the same period of 2022,
representing a decrease of 41.8%.
- Net profit was RMB732 million
(US$107 million) in the first quarter
of 2023, compared to RMB5,290 million
in the same period of 2022 and a net loss of RMB806 million in the fourth quarter of
2022.
(In millions except
percentages, unaudited)
|
|
Three Months Ended March 31,
|
|
|
|
|
2022
|
|
2023
|
|
YoY
|
|
|
RMB
|
|
RMB
|
USD
|
|
|
Total income
|
|
17,316
|
|
10,078
|
1,467
|
|
(41.8 %)
|
Total
expenses
|
|
(10,163)
|
|
(8,964)
|
(1,305)
|
|
(11.8 %)
|
Total expenses
excluding credit
impairment losses, finance costs and
other (gains)/losses
|
|
(7,247)
|
|
(5,685)
|
(828)
|
|
(21.5 %)
|
Credit impairment
losses, finance costs
and other (gains)/losses
|
|
(2,916)
|
|
(3,278)
|
(477)
|
|
12.4 %
|
Net profit
|
|
5,290
|
|
732
|
107
|
|
(86.2 %)
|
First Quarter 2023 Operational Highlights
- Outstanding balance of loans enabled was RMB495.2 billion as of March 31, 2023, compared to RMB676.3 billion as of March 31, 2022, representing a decrease of
26.8%.
- Cumulative number of borrowers increased by 9.0% to
approximately 19.4 million as of March 31,
2023 from approximately 17.8 million as of March 31, 2022.
- New loans enabled were RMB57.0
billion in the first quarter of 2023, compared to
RMB164.3 billion in the same period
of 2022, representing a decrease of 65.3%.
- During the first quarter of 2023, excluding the consumer
finance subsidiary, the Company bore risk on 22.6% of its new loans
enabled, up from 20.4% in the same period of 2022.
- As of March 31, 2023, including
its consumer finance subsidiary, the Company bore risk on 24.5% of
its outstanding balance, up from 19.4% as of March 31, 2022. Credit enhancement partners bore
risk on 72.0% of outstanding balance, among which Ping An P&C
accounted for a majority.
- For the first quarter of 2023, the Company's retail credit
enablement business take rate[1] based on loan balance
was 7.3%, as compared to 9.7% for the first quarter of 2022.
- The C-M3 flow rate[2] for the total loans the
Company had enabled was 1.0% in the first quarter of 2023,
remaining unchanged from the fourth quarter of 2022. Flow rates for
the general unsecured loans and secured loans the Company had
enabled were 1.2% and 0.5%, respectively, in the first quarter of
2023, as compared to 1.1% and 0.6%, respectively, in the fourth
quarter of 2022.
- The days past due ("DPD") 30+ delinquency rate[3]
for the total loans the Company had enabled was 5.7% as of
March 31, 2023, as compared to 4.6%
as of December 31, 2022. The DPD 30+
delinquency rate for general unsecured loans was 6.4% as of
March 31, 2023, as compared to 5.2%
as of December 31, 2022. The DPD 30+ delinquency rate for secured
loans was 3.2% as of March 31, 2023,
as compared to 2.6% as of December 31,
2022.
- The DPD 90+ delinquency rate[4] for the total
loans the Company had enabled was 3.3% as of March 31, 2023, as compared to 2.6% as of
December 31, 2022. The DPD 90+
delinquency rate for general unsecured loans was 3.7% as of
March 31, 2023, as compared to 3.0%
as of December 31, 2022. The DPD 90+
delinquency rate for secured loans was 1.9% as of March 31, 2023, as compared to 1.2% as of
December 31, 2022.
Mr. YongSuk Cho, Chairman and
Chief Executive Officer of Lufax, commented, "Challenging economic
and operating environments continued to impact our industry and our
core SBO customers during the first quarter. Nevertheless, we
observed some macro-level green shoots of recovery that leave us
cautiously optimistic. Our own U-shaped recovery is also taking
shape, with credit rating mix and credit quality for new loans
improving, and our projections showing that credit charge-offs for
risk-bearing loans will gradually decline in the second half of the
year. Furthermore, our new loan growth became more concentrated in
economically resilient geographies, creating a strong foundation
for our future. To bolster this foundation, we enhanced our
business model and increased our efficiencies by deploying new
technology and optimizing our direct sales force. Meanwhile, we
made promising progress in preparing our funding partners to
utilize the model under which we provide the entire guarantee.
Looking ahead, we will prioritize increasing the proportion of
risk-bearing on new loans we enable. At the same time, we will
better meet customer needs by further diversifying and
cross-selling our products while continuing to augment our
initiatives to recover past credit losses. Boosted by these
efforts, a promising macro outlook, our Hong Kong listing, and the stable regulatory
environment, we remain confident in our business model and that our
U-shaped recovery is on track."
Mr. Gregory Gibb, Co-Chief
Executive Officer of Lufax, commented, "Continuing macro headwinds
impacted our performance during the first quarter. Responding
to these challenges, we remained focused on executing our strategy
of prioritizing higher-quality SBOs concentrated in more
economically resilient geographies. As a result, the proportion of
new unsecured loans enabled to R1
to R3 customers increased to 82%, average ticket size has grown,
and the contribution from top- and middle-third regions reached
80%. While our retail credit model experienced a challenging
quarter, our consumer finance business saw healthy growth, as the
total outstanding balance of consumer finance loans grew to
RMB29.6 billion. Furthermore, we
continued implementing our shifting credit enhancement
arrangements, helping to alleviate compressed take rates and
increasing our risk-bearing by balance to 24.5% as of the end of
first quarter. In addition, our SBO ecosystem has maintained its
development momentum, with our value-added services platform,
LuDianTong, reaching approximately 1.9 million registered
customers. Looking ahead, we are cautiously optimistic for our
U-shaped recovery, while being fully cognizant of the unevenness of
the economic recovery."
Mr. David Choy, Chief Financial
Officer of Lufax, commented, "Facing a challenging macro backdrop,
we continued to enhance our business model and prudently optimize
our expenses. Driven by these initiatives, we reduced our
operating-related expenses by 22.8% on a year-over-year basis, and
recorded a net profit of RMB732
million during the first quarter. On April 14, 2023, we successfully completed our listing
in Hong Kong, widening our
investor base and delivering more value for our shareholders. Our
balance sheet remains solid, with our cash at bank balance
increasing year over year to RMB51.3
billion. Furthermore, the leverage ratio for our guarantee
subsidiary was 1.7x as of the end of the first quarter, well below
the regulatory limit of 10x. In addition, liquid
assets[5] maturing in 90 days or less amounted to
RMB40.2 billion as of the end of
March 2023.While uncertainties remain in the macro environment, we
remain confident in the resilience of our business model and our
ability to deliver sustainable value and long-term growth for our
shareholders."
First Quarter 2023 Financial Results
TOTAL INCOME
Total income was RMB10,078 million (US$1,467 million) in the first quarter of 2023,
compared to RMB17,316 million in the
same period of 2022, representing a decrease of 41.8%.
|
Three Months Ended
March 31,
|
|
|
(In millions except
percentages, unaudited)
|
2022
|
|
2023
|
|
YoY
|
|
RMB
|
% of
income
|
|
RMB
|
% of
income
|
|
|
Technology
platform-based income
|
9,292
|
53.7 %
|
|
5,010
|
49.7 %
|
|
(46.1 %)
|
Net interest
income
|
4,984
|
28.8 %
|
|
3,349
|
33.2 %
|
|
(32.8 %)
|
Guarantee
income
|
1,902
|
11.0 %
|
|
1,417
|
14.1 %
|
|
(25.5 %)
|
Other income
|
704
|
4.1 %
|
|
227
|
2.3 %
|
|
(67.7 %)
|
Investment
income
|
435
|
2.5 %
|
|
75
|
0.7 %
|
|
(82.8 %)
|
Share of net profits of
investments accounted for
using the equity method
|
(0)
|
(0)
|
|
(0)
|
(0)
|
|
15.6 %
|
Total income
|
17,316
|
100.0 %
|
|
10,078
|
100.0 %
|
|
(41.8 %)
|
- Technology platform-based income was
RMB5,010 million (US$730 million) in the first quarter of 2023,
compared to RMB9,292 million in the
same period of 2022, representing a decrease of 46.1%, due to 1)
the decrease of retail credit service fees driven by the decrease
in new loan sales and a lower take rate, and 2) the decrease of
referral and other technology platform-based income driven by the
decrease in transaction volume.
- Net interest income was RMB3,349 million (US$488
million) in the first quarter of 2023, compared to
RMB4,984 million in the same period
of 2022, representing a decrease of 32.8%, mainly due to the
decrease in new loan sales and a lower take rate, partly offset by
the increase of net interest income from the Company's consumer
finance business.
- Guarantee income was RMB1,417 million (US$206
million) in the first quarter of 2023, compared to
RMB1,902 million in the same period
of 2022, representing a decrease of 25.5%, primarily due to the
decrease in loan balance and a lower fee rate.
- Other income was RMB227 million (US$33
million) in the first quarter of 2023, compared to
RMB704 million in the same period of
2022, mainly due to the decrease of fee structure that the Company
charged to its primary credit enhancement partner.
- Investment income was RMB75 million (US$11
million) in the first quarter of 2023, compared to
RMB435 million in the same period of 2022, mainly due to the
decrease of fair value of risk assets and investment assets.
TOTAL EXPENSES
Total expenses decreased by 11.8% to RMB8,964 million (US$1,305 million) in the first quarter of
2023 from RMB10,163 million in the
same period of 2022. This decrease was mainly driven by sales and
marketing expenses, as sales and marketing expenses decreased by
32.4% to RMB3,030 million
(US$441 million) in the first quarter
of 2023 from RMB4,484 million in the
same period of 2022. Total expenses excluding credit
impairment losses, finance costs and other (gains)/losses decreased
by 21.5% to RMB5,685 million
(US$828 million) in the first
quarter of 2023 from RMB7,247 million
in the same period of 2022.
|
Three Months Ended
March 31,
|
|
|
(In millions except
percentages, unaudited)
|
2022
|
|
2023
|
|
YoY
|
|
RMB
|
% of
income
|
|
RMB
|
% of
income
|
|
|
Sales and marketing
expenses
|
4,484
|
25.9 %
|
|
3,030
|
30.1 %
|
|
(32.4 %)
|
General and
administrative expenses
|
726
|
4.2 %
|
|
756
|
7.5 %
|
|
4.2 %
|
Operation and servicing
expenses
|
1,590
|
9.2 %
|
|
1,558
|
15.5 %
|
|
(2.0 %)
|
Technology and
analytics expenses
|
448
|
2.6 %
|
|
341
|
3.4 %
|
|
(23.8 %)
|
Credit impairment
losses
|
2,824
|
16.3 %
|
|
3,132
|
31.1 %
|
|
10.9 %
|
Finance
costs
|
211
|
1.2 %
|
|
189
|
1.9 %
|
|
(10.5 %)
|
Other (gains)/losses -
net
|
(118)
|
(0.7 %)
|
|
(42)
|
(0.4 %)
|
|
(64.1 %)
|
Total
expenses
|
10,163
|
58.7 %
|
|
8,964
|
88.9 %
|
|
(11.8 %)
|
- Sales and marketing expenses decreased by 32.4%
to RMB3,030 million (US$441 million) in the first quarter of 2023 from
RMB4,484 million in the same
period of 2022. The decrease was mainly due to 1) reductions in
commissions driven by decreased new loan sales, 2) decreased
investor acquisition and retention expenses and referral expenses
from platform service driven by decreased transaction volume, and
3) decreased general sales and marketing expenses driven by the
decrease in new loan sales.
- General and administrative expenses increased by
4.2% to RMB756 million (US$110 million) in the first quarter of 2023 from
RMB726 million in the same period of
2022, mainly due to resilient fixed costs that are less impacted by
decreased loan volume.
- Operation and servicing expenses decreased by
2.0% to RMB1,558 million
(US$227 million) in the first quarter
of 2023 from RMB1,590 million in
the same period of 2022, primarily due to the Company's expense
control measures and decrease of loan balance and new loan
sales.
- Technology and analytics expenses decreased by
23.8% to RMB341 million (US$50 million) in the first quarter of 2023 from
RMB448 million in the same period of
2022 as a result of the Company's improved efficiency.
- Credit impairment losses were RMB3,132 million (US$456
million) in the first quarter of 2023, compared to
RMB2,824 million in the same period
of 2022, representing an increase of 10.9%, mainly driven by the
increase of indemnity losses as a result of worsening credit
performance due in large part to the challenging macroeconomic
environment, partly offset by the decrease in provision driven by
the decreased loan balance.
- Finance costs decreased by 10.5% to RMB189 million (US$27
million) in the first quarter of 2023 from RMB211 million in the same period of 2022, mainly
due to the increase of interest income from bank deposits, partly
offset by the increase of interest expenses driven by increased
interest rates.
[1] The take rate
of retail credit enablement business is calculated by dividing the
aggregated amount of loan enablement service fees, post-origination
service fees, net interest income, guarantee income and the penalty
fees and account management fees by the average outstanding balance
of loans enabled for each period.
|
[2] Flow rate
estimates the percentage of current loans that will become
non-performing at the end of three months, and is defined as the
product of (i) the loan balance that is overdue from 1 to 29 days
as a percentage of the total current loan balance of the previous
month, (ii) the loan balance that is overdue from 30 to 59 days as
a percentage of the loan balance that was overdue from 1 to 29 days
in the previous month, and (iii) the loan balance that is overdue
from 60 to 89 days as a percentage of the loan balance that was
overdue from 30 days to 59 days in the previous month. Loans from
legacy products and consumer finance subsidiary are excluded from
the flow rate calculation.
|
[3] DPD 30+ delinquency
rate refers to the outstanding balance of loans for which any
payment is 30 to 179 calendar days past due divided by the
outstanding balance of loans. Loans from consumer finance
subsidiary are excluded from the calculation.
|
[4] DPD 90+ delinquency
rate refers to the outstanding balance of loans for which any
payment is 90 to 179 calendar days past due divided by the
outstanding balance of loans. Loans from consumer finance
subsidiary are excluded from the calculation.
|
[5] The liquid
assets consist of Cash at bank, Financial assets at amortized cost
and Financial assets at fair value through profit or loss with a
maturity of 90 days or less as of March 31, 2023.
|
NET PROFIT
Net profit was RMB732 million
(US$107 million) in the first quarter
of 2023, compared to RMB5,290 million
in the same period of 2022, as a result of the aforementioned
factors.
EARNINGS PER ADS
Basic and diluted earnings per American depositary share ("ADS")
were both RMB0.30 (US$0.04) in the first quarter of 2023. Each two
ADSs represents one ordinary share ("Share").
BALANCE SHEET
The Company had RMB51,303 million
(US$7,470 million) in cash at bank as
of March 31, 2023, as compared to
RMB43,882 million as of December 31, 2022. Net assets of the Company
amounted to RMB94,968 million
(US$13,828 million) as of
March 31, 2023, as compared to
RMB94,787 million as of December 31, 2022.
Recent DevelopmentsÂ
Successful Listing on the Main Board of The Stock Exchange of
Hong Kong
On April 14, 2023, the Company
announced that it had successfully listed, by way of introduction,
its Shares on the Main Board of The Stock Exchange of Hong Kong
Limited (the "HKEX"). The Shares are traded on the Main Board of
the HKEX under the stock code "6623" in board lots of 100 Shares,
and the stock short name is "LUFAX". The Company's ADSs will
continue to be listed and traded on the New York Stock Exchange
(the "NYSE"). The Shares listed on the Main Board of the HKEX are
fully fungible with the Shares underlying the ADSs
listed on the NYSE.
Conference Call Information
The Company's management will hold an earnings conference call
at 9:00 P.M. U.S. Eastern Time on
Monday, May 22, 2023 (9:00 A.M. Beijing Time on Tuesday, May 23, 2023) to discuss the financial
results. For participants who wish to join the call, please
complete online registration using the link provided below in
advance of the conference call. Upon registering, each participant
will receive a participant dial-in number, the Direct Event
passcode, and a unique access PIN, which can be used to join the
conference call.
Registration
Link: https://www.netroadshow.com/events/login?show=518734ce&confId=51041
A replay of the conference call will be accessible through
May 29, 2023 (dial-in numbers: +1
(866) 813-9403 or +1 (929) 458-6194; replay access code: 728031). A
live and archived webcast of the conference call will also be
available at the Company's investor relations website at
https://ir.lufaxholding.com.
About Lufax
Lufax is a leading financial services enabler for small business
owners in China. The Company
offers financing products designed principally to address the needs
of small business owners. In doing so, the Company has established
relationships with over 550 financial institutions in China, many of which have worked with the
Company for over three years. These financial institutions provide
funding and credit enhancement for the loans the Company enables as
well as other products to enrich the small business owner ecosystem
that the Company is creating.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars at a specified rate solely for the convenience of
the reader. Unless otherwise noted, all translations from RMB to
U.S. dollars are made at a rate of RMB6.8676 to US$1.00, the rate in effect as of March 31, 2023, as certified for customs purposes
by the Federal Reserve Bank of New
York.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Statements
that are not historical facts, including statements about Lufax's
beliefs and expectations, are forward-looking statements. Lufax has
based these forward-looking statements largely on its current
expectations and projections about future events and financial
trends, which involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company's control. These forward-looking
statements include, but are not limited to, statements about
Lufax's goals and strategies; Lufax's future business development,
financial condition and results of operations; expected changes in
Lufax's income, expenses or expenditures; expected growth of the
retail credit enablement; Lufax's expectations regarding demand
for, and market acceptance of, its services; Lufax's expectations
regarding its relationship with borrowers, platform investors,
funding sources, product providers and other business partners;
general economic and business conditions; and government policies
and regulations relating to the industry Lufax operates in.
Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in Lufax's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of this press release, and Lufax does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com
LUFAX HOLDING
LTD
|
UNAUDITED INTERIM
CONDENSED CONSOLIDATED INCOME STATEMENTS
|
(All amounts
in thousands, except share data, or otherwise noted)
|
|
Three Months Ended
March 31,
|
|
2022
|
|
2023
|
|
RMB
|
|
RMB
|
|
USD
|
Technology
platform-based income
|
9,292,015
|
|
5,010,373
|
|
729,567
|
Net interest
income
|
4,983,561
|
|
3,348,630
|
|
487,598
|
Guarantee
income
|
1,902,334
|
|
1,416,759
|
|
206,296
|
Other income
|
703,575
|
|
227,462
|
|
33,121
|
Investment
income
|
434,988
|
|
74,964
|
|
10,916
|
Share of net profits of
investments accounted for using the
equity method
|
(377)
|
|
(436)
|
|
(63)
|
Total
income
|
17,316,096
|
|
10,077,752
|
|
1,467,435
|
Sales and marketing
expenses
|
(4,483,896)
|
|
(3,030,053)
|
|
(441,210)
|
General and
administrative expenses
|
(725,541)
|
|
(756,071)
|
|
(110,092)
|
Operation and servicing
expenses
|
(1,589,827)
|
|
(1,557,889)
|
|
(226,846)
|
Technology and
analytics expenses
|
(447,883)
|
|
(341,485)
|
|
(49,724)
|
Credit impairment
losses
|
(2,823,516)
|
|
(3,131,800)
|
|
(456,025)
|
Asset impairment
losses
|
-
|
|
-
|
|
-
|
Finance
costs
|
(210,792)
|
|
(188,639)
|
|
(27,468)
|
Other gains/(losses) -
net
|
118,027
|
|
42,412
|
|
6,176
|
Total
expenses
|
(10,163,428)
|
|
(8,963,525)
|
|
(1,305,189)
|
Profit before income
tax expenses
|
7,152,668
|
|
1,114,227
|
|
162,244
|
Income tax
expenses
|
(1,862,787)
|
|
(381,857)
|
|
(55,603)
|
Net profit for the
period
|
5,289,881
|
|
732,370
|
|
106,641
|
|
|
|
|
|
|
Net profit/(loss)
attributable to:
|
|
|
|
|
|
Owners of the
Group
|
5,278,942
|
|
671,976
|
|
97,847
|
Non-controlling
interests
|
10,939
|
|
60,394
|
|
8,794
|
Net profit for the
period
|
5,289,881
|
|
732,370
|
|
106,641
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
-Basic earnings per
share
|
4.62
|
|
0.59
|
|
0.09
|
-Diluted earnings per
share
|
4.28
|
|
0.59
|
|
0.09
|
-Basic earnings per
ADS
|
2.31
|
|
0.30
|
|
0.04
|
-Diluted earnings per
ADS
|
2.14
|
|
0.30
|
|
0.04
|
LUFAX HOLDING
LTD
|
UNAUDITED INTERIM
CONDENSED CONSOLIDATED BALANCE SHEETS
|
(All amounts
in thousands, except share data, or otherwise noted)
|
|
As of December
31,
|
|
As of March
31,
|
|
2022
|
|
2023
|
|
RMB
|
|
RMB
|
|
USD
|
Assets
|
|
|
|
|
|
Cash at bank
|
43,882,127
|
|
51,302,600
|
|
7,470,237
|
Restricted
cash
|
26,508,631
|
|
33,190,408
|
|
4,832,898
|
Financial assets at
fair value through profit or loss
|
29,089,447
|
|
23,448,114
|
|
3,414,310
|
Financial assets at
amortized cost
|
4,716,448
|
|
3,672,972
|
|
534,826
|
Accounts and other
receivables and contract assets
|
15,758,135
|
|
12,870,940
|
|
1,874,154
|
Loans to
customers
|
211,446,645
|
|
183,686,063
|
|
26,746,762
|
Deferred tax
assets
|
4,990,352
|
|
5,063,906
|
|
737,362
|
Property and
equipment
|
322,499
|
|
288,858
|
|
42,061
|
Investments accounted
for using the equity method
|
39,271
|
|
38,836
|
|
5,655
|
Intangible
assets
|
885,056
|
|
881,797
|
|
128,400
|
Right-of-use
assets
|
754,010
|
|
683,196
|
|
99,481
|
Goodwill
|
8,911,445
|
|
8,911,445
|
|
1,297,607
|
Other assets
|
1,958,741
|
|
1,557,575
|
|
226,800
|
Total
assets
|
349,262,807
|
|
325,596,710
|
|
47,410,553
|
Liabilities
|
|
|
|
|
|
Payable to platform
users
|
1,569,367
|
|
1,354,766
|
|
197,269
|
Borrowings
|
36,915,513
|
|
37,556,566
|
|
5,468,660
|
Bond payable
|
2,143,348
|
|
2,151,587
|
|
313,295
|
Current income tax
liabilities
|
1,987,443
|
|
1,441,103
|
|
209,841
|
Accounts and other
payables and contract liabilities
|
12,198,654
|
|
8,477,813
|
|
1,234,465
|
Payable to investors of
consolidated structured entities
|
177,147,726
|
|
157,456,208
|
|
22,927,399
|
Financing guarantee
liabilities
|
5,763,369
|
|
5,449,366
|
|
793,489
|
Deferred tax
liabilities
|
694,090
|
|
749,871
|
|
109,190
|
Lease
liabilities
|
748,807
|
|
688,102
|
|
100,195
|
Convertible promissory
note payable
|
5,164,139
|
|
5,176,567
|
|
753,767
|
Optionally convertible
promissory notes
|
8,142,908
|
|
8,165,547
|
|
1,188,996
|
Other
liabilities
|
2,000,768
|
|
1,960,884
|
|
285,527
|
Total
liabilities
|
254,476,132
|
|
230,628,380
|
|
33,582,093
|
Equity
|
|
|
|
|
|
Share
capital
|
75
|
|
75
|
|
11
|
Share
premium
|
32,073,874
|
|
31,284,284
|
|
4,555,345
|
Treasury
shares
|
(5,642,769)
|
|
(5,642,769)
|
|
(821,651)
|
Other
reserves
|
2,158,432
|
|
2,396,849
|
|
349,008
|
Retained
earnings
|
64,600,234
|
|
65,272,210
|
|
9,504,370
|
Total equity
attributable to owners of the Company
|
93,189,846
|
|
93,310,649
|
|
13,587,083
|
Non-controlling
interests
|
1,596,829
|
|
1,657,681
|
|
241,377
|
Total
equity
|
94,786,675
|
|
94,968,330
|
|
13,828,460
|
Total liabilities
and equity
|
349,262,807
|
|
325,596,710
|
|
47,410,553
|
|
|
|
|
|
|
LUFAX HOLDING
LTD
|
UNAUDITED INTERIM
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|
(All amounts
in thousands, except share data, or otherwise noted)
|
|
Three Months Ended
March 31,
|
|
2022
|
|
2023
|
|
RMB
|
|
RMB
|
|
USD
|
Net cash generated
from/(used in) operating
activities
|
(1,702,222)
|
|
3,286,049
|
|
478,486
|
Net cash generated
from/(used in) investing activities
|
6,895,061
|
|
2,174,740
|
|
316,667
|
Net cash generated
from/(used in) financing activities
|
(725,147)
|
|
(2,777,226)
|
|
(404,395)
|
Effects of exchange
rate changes on cash and
cash
equivalents
|
(22,177)
|
|
33,680
|
|
4,904
|
Net increase/(decrease)
in cash and cash
equivalents
|
4,445,515
|
|
2,717,243
|
|
395,661
|
Cash and cash
equivalents at the beginning of
the
period
|
26,496,310
|
|
29,537,511
|
|
4,300,995
|
Cash and cash
equivalents at the end of the
period
|
30,941,825
|
|
32,254,754
|
|
4,696,656
|
View original
content:https://www.prnewswire.com/news-releases/lufax-reports-first-quarter-2023-financial-results-301830719.html
SOURCE Lufax Holding Ltd