Lufax swings to third-quarter net loss of RMB1.49 billion
Lufax posted an unaudited net loss of RMB1.49 billion for Q3 2026, against RMB380 million a year earlier, according to TradingView.
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what happened
Lufax Holding Ltd reported an unaudited net loss of RMB1.49 billion for the third quarter of 2026. A year earlier, the company lost RMB380 million. The figures come from TradingView, which cites a press release distributed via PR Newswire.
Total income fell 4.6% year on year to RMB6.18 billion, while total expenses rose 1.7% to RMB6.90 billion. The company pointed to higher credit impairment losses, which reached RMB4.51 billion (up 10.3%), and an income tax expense that climbed to RMB773 million (up 946.5%).
New loan sales grew 2.5% to RMB58.3 billion, with consumer finance providing most of the increase.
why it matters
The report matters for investors in Chinese fintech lenders because it shows pressure on loan portfolio quality and profitability. According to the source, some tax effects may be one-off, but a lasting drop in credit costs would be needed to signal a real recovery.
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- Lufax Holding Ltd (LU) Posts Q3 Net Loss RMB1.49B — TradingView, 27 October 2026 at 22:30 UTC
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