New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Aug 06
Lufax Holding Ltd to Report Q2, 2026 Results on Aug 18, 2026 Lufax Holding Ltd announced that they will report Q2, 2026 results on Aug 18, 2026 Board Change • May 20
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Non-Executive Director Shibang Guo is the most experienced director on the board, commencing their role in 2024. Independent Non-Executive Director Siu Hong Cheng was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 29
Lufax Holding Ltd Appoints Ms. Xiaodi Wang as the Chief Compliance Officer, Effective April 27, 2026 Lufax Holding Ltd. announced that it has appointed Ms. Xiaodi Wang as the Chief Compliance Officer of the Company, with immediate effect. Ms. Xiaodi Wang, aged 42, possesses extensive legal and compliance experience at large financial institutions and has deep expertise in regulatory policies, laws and regulations in the finance industry and corporate governance practices. Ms. Wang joined Ping An Asset Management Co. Ltd. in September 2012 and currently serves as the general manager of the internal control and compliance department and board secretary. Prior to joining Ping An Asset Management Co. Ltd., Ms. Wang had served as a compliance specialist at the compliance and internal audit department of AXA-SPDB Investment Managers Co. Ltd. from July 2009 to September 2012. Ms. Wang has served as an industry expert with various industry associations and other institutions. She has served a specially appointed research fellow at the Lujiazui Institute of Financial Security since November 2024, the deputy secretary-general of the third legal and compliance professional committee of the Insurance Asset Management Association of China from December 2023. Ms. Wang received a bachelor of laws degree and a master of laws degree, both from East China University of Political Science and Law, in 2006 and 2009, respectively. Announcement • Apr 27
Lufax Holding Ltd, Annual General Meeting, Jun 30, 2026 Lufax Holding Ltd, Annual General Meeting, Jun 30, 2026. Announcement • Apr 14
Lufax Holding Ltd Announces Changes in Board and Committee Composition Lufax Holding Ltd. announced changes to its Board of Directors. On April 13, 2026, as proposed by the Company's nomination and remuneration committee, after comprehensively considering the Company's needs for internal control enhancement, corporate governance requirements and the structure of the board of the Company (the ‘Board’), Mr. Rusheng Yang and Mr. David Xianglin Li, independent nonexecutive directors (the ‘Directors’) of the Company, will not be nominated for re-election upon the expiry of their respective terms of office as Directors on April 13, 2026. With effect from the above expiry date, Mr. Yang and Mr. Li will cease to serve as independent non-executive Directors and all their positions on the committees of the Board. The Company announced the appointment of Mr. Koon Wing Ernest Ip and Mr. Siu Hong Cheng as independent non-executive directors of the Company, effective April 14, 2026. Mr. Koon Wing Ernest Ip will serve as the chairman of the Company's audit committee, Mr. Siu Hong Cheng will serve as a member of the Company's audit committee and Ms. Fangfang Cai will serve as a member of the Company's nomination and remuneration committee. Mr. Ip, aged 65, has over 40 years of experience in accounting and auditing including 34 years in PricewaterhouseCoopers Hong Kong (‘PwC’) where he retired from PwC as a partner in 2019. In the same year, Mr. Ip joined as the Group Chief Financial Officer of Fung Group which comprises Li & Fung Limited (a company formerly listed on the Main Board of the Stock Exchange of Hong Kong Limited (the ‘Hong Kong Stock Exchange’)), Fung (1937) Management Limited and Convenience Retail Asia Limited. Mr. Ip has held various key positions in regulatory authorities and business associations. He was a member of the Listing Committee of the Hong Kong Stock Exchange from 2003 to 2009 and a member of the Dual Filing Advisory Group of the Securities and Futures Commission of Hong Kong (the ‘SFC’) from 2008 to 2014. Currently, Mr. Ip is a member of the Takeovers and Mergers Panel and the Takeovers Appeal Committee of the SFC. Mr. Ip was the president of the Hong Kong Business Accountants Association in 2022. He is also a member of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference and a vice president of the Council for the Promotion of Guangdong-Hong Kong-Macao Cooperation. Mr. Ip is currently an independent non-executive director of Media Chinese International Limited, a company dually listed on the Main Board of the Hong Kong Stock Exchange (stock code: 0685) and the Main Market of Bursa Malaysia Securities Berhad in Malaysia. Mr. Ip is also the independent non-executive director of Ping An Digital Bank (International) Limited (‘Ping An Digital Bank’) and OneConnect Financial Technology Co. Ltd. (‘OneConnect’), respectively. Both Ping An Digital Bank, which is the wholly subsidiary of the Company, and OneConnect are private companies and subsidiaries of Ping An Insurance (Group) Company of China Ltd. and the Hong Kong Stock Exchange (the ‘Ping An Insurance’). Mr. Ip graduated from the Hong Kong Polytechnic University (formerly known as Hong Kong Polytechnic) in 1984 with a Professional Diploma in Accountancy. He is a Fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. Mr. Cheng, aged 66, has over 35 years of experience in the financial industry. He has served as an independent non-executive director of Hong Kong Interbank Clearing Limited since November 2023, a director of CryptoBLK International Holding Co. Limited since 2021, a director of Hong Kong Science and Technology Parks Corporation from 2014 to 2019 and an independent nonexecutive director of Ping An Insurance from 2012 to 2013. Mr. Cheng graduated from the University of Hong Kong in 1981 with a bachelor of science diploma in electronic engineering and is also a distinguished fellow of the Hong Kong Computer Mr. Cheng worked at the Hong Kong and Shanghai Banking Corporation Limited for 36 years, from 1983 to 2019, focusing on financial technology, and served as the Chief Operating Officer for the Asia Pacific region from 2010 to 2019. Mr. Cheng is currently a council member of the Hong Kong Federation of Youth Groups, a director of Hong Kong Internet Registration Corporation Limited, a council member of the Hong Kong Quality Assurance Agency, the chairman of the advisory committee of the Hong Kong Institute of Information Technology of the Vocational Training Council, the chairman of the Innovation Power advisory committee of the Hong Kong Jockey Club, a member of the New Industrialisation Vetting Committee (NIVC), and a director of Hong Kong Esperanza (also known as ‘Uncle Chip’ Co-creation Society). Mr. Cheng graduated from the University of Hong Kong in 1981 with a bachelor of science diploma in electronic engineering and is also a distinguished fellow of the Hong Kong Computer Society. Announcement • Mar 23
Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of Lufax Holding Ltd Investors Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Lufax Holding Ltd. between April 7, 2023 and January 26, 2025, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Lufax investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Lufax lacked adequate internal controls; (2) Certain of Lufax’s financial results were materially misstated; and (3) as a result, defendants’ statements about Lufax’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Announcement • Oct 24
Lufax Holding Ltd Announces Executive Changes Lufax Holding Ltd. announced that as the service agreement will soon expire, Ms. Youn Jeong LIM has tendered her resignation as the Chief Risk Officer of the Company due to personal work arrangements. Following her resignation which took effect immediately. The Board resolved to appoint Mr. Jianbo Cheng ("Mr. Cheng") as the Chief Risk Officer of the Company with effect from October 24, 2025. Mr. Jianbo Cheng, aged 43, joined the Company in April 2025 and currently serves as the Chief Risk Expert of the Company. Prior to that, Mr. Cheng served as the General Manager of Pudao Credit Co. Ltd. from August 2021 to March 2025. From August 2014 to July 2021, Mr. Cheng successively served as the Risk Director of the Consumer Finance Department, the Senior Director of the Individual Finance Group, and the General Manager of the Risk Management Center at Jingdong Digits Technology Holding Co. Ltd., and the Vice President of JD.com Inc. (a company listed on NASDAQ (stock code: JD) and the Hong Kong Stock Exchange (stock code: 9618)). From October 2004 to August 2014, he successively worked at Shenzhen Development Bank Co. Ltd. (now known as Ping An Bank Co. Ltd., a company listed on the Shenzhen Stock Exchange (stock code: 000001)), HUA XIA BANK CO., Limited (a company listed on the Shanghai Stock Exchange (stock code: 600015)), Fair Isaac Corporation (FICO), and Ant Financial Services Group, where he was engaged in risk management, consulting, and senior expert roles. Mr. Cheng obtained a bachelor's degree in Finance from Hubei University in June 2004 and a master's degree in Business Administration from Tsinghua University in June 2024. Announcement • Aug 14
Lufax Holding Ltd Announces Board and Committee Changes, Effective from August 14, 2025 Lufax Holding Ltd. board announced that on August 14, 2025, Mr. Weidong LI ("Mr. LI") has tendered his resignation as an independent
non-executive Director, a member of the audit committee of the Company (the " Audit Committee") and the chairman of the nomination and remuneration committee of the Company (the "Nomination and Remuneration Committee") due to changes in his personal work arrangements which require him to devote substantially more time to his other professional commitments. The resignation of Mr. LI took effect from August 14, 2025, being the date of his resignation letter. Mr. LI has confirmed that he has no disagreement with the Board and there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company. The board appointed Ms. Wai Ping Tina LEE ("Ms. LEE") as an independent non-executive Director, a member of each of the Audit Committee and the Nomination and Remuneration Committee, with immediate effect. In light of the amendments to the Corporate Governance Code under the Listing Rules which came into effect on July 1, 2025, Ms. LEE's appointment is made, among others, to enhance Board's diversification with more female representation on the Board. Ms. Wai Ping Tina Lee, Aged 63, Is A Legal and Banking Professional with over Four Decades of Experience Across Leading Financial Institutions and Law Firms. She Currently Serves as A Consultant At Ng, Au Yeung & Partners, Solicitors and Notaries, A Role She Assumed in April 2024. Prior to This, Ms. Lee Held Several Senior Legal Positions At the Hongkong and Shanghai Banking Corporation Limited (A Company Whose Shares Are Listed on the Stock Exchange (Stock Code: 0005)) from 2001 to 2023. Her Roles Included Senior Legal Counsel for Retail, Private Banking, and Treasury Businesses; and Later, Regional Head of Legal for Commercial Banking, Asia Pacific. Ms. Lee Began Her Legal Career At Koo and Partners (A Local Law Firm Which Later Merged into Paul Hastings LLP in 2001), Where She Progressed from Associate Solicitor to Partner in the Banking Practice Group Between 1995 and 2001. Before Entering the Legal Profession, She Worked in Banking from 1984 to 1992 Through Different Roles At the Hong Kong Offices of Mizuho Bank, Bank of Credit and Commerce, Standard Chartered Bank (A Company Whose Shares Are Listed on the Stock Exchange (Stock Code: 2888)), and Banque Nationale De Paris. Her Responsibilities Ranged from Relationship Management and Credit to Loan Administration and Team Leadership. She Holds A Professional Diploma in Business Studies (Banking) from the Hong Kong Polytechnic University and Completed Her Legal Education At Hong Kong University Space and Manchester Metropolitan University. Ms. Lee Was Admitted as A Solicitor in Hong Kong in 1995 and in England and Wales in 1997. With effect from August 14, 2025, Mr. David Xianglin LI has resigned as a member of the Nomination and Remuneration Committee, and the Board has resolved to appoint Mr. Dicky Peter YIP as the chairman of the Nomination and Remuneration Committee, and Ms. LEE as a member of each of the Audit Committee and the Nomination and Remuneration Committee following Mr. LI's resignation. Announcement • May 14
Lufax Holding Ltd announced delayed amended 20-F filing On 05/13/2025, Lufax Holding Ltd announced that they will be unable to file their amended 20-F by the deadline required by the SEC. Announcement • May 10
Lufax Holding Ltd announced delayed 20-F filing On 05/09/2025, Lufax Holding Ltd announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Oct 29
China Ping An Insurance Overseas (Holdings) Limited and An Ke Technology Company Limited completed the acquisition of additional 0.01% stake in Lufax Holding Ltd (NYSE:LU) from Tun Kung Company Limited, Huang Philip, Zhang Zhichun and Gregory Dean GIBB and others. China Ping An Insurance Overseas (Holdings) Limited and An Ke Technology Company Limited proposed to acquire additional 43.18% stake in Lufax Holding Ltd (NYSE:LU) from Tun Kung Company Limited, Huang Philip, Zhang Zhichun and Gregory Dean GIBB and others for approximately $850 million in a tender offer transaction on July 3, 2024. Consideration was also paid for Unlocked and Locked Lufax's Performance Share Unit's. As on August 26, 2024, all of the pre-conditions to the Lufax Offers have been fulfilled. The transaction is expected to close on October 28, 2024. As of October 16, 2024, The Lufax Independent Financial Adviser had opined that the Lufax Share Offers, Lufax Option Offer, and Lufax PSU Arrangement are not fair and not reasonable so far as the Lufax Shareholders, Lufax ADS Holders, Lufax Optionholders, and Lufax PSU Holders are concerned. The Lufax Independent Financial Adviser has advised the Lufax Independent Board Committee to recommend that holders of the respective securities not accept their offers or arrangements.
Morgan Stanley Asia Limited acted as Financial advisor to China Ping An Insurance Overseas (Holdings) Limited and An Ke Technology Company Limited. UBS AG Hong Kong Branch acted as Financial advisor and Fairness opinion provider to Lufax Holding Ltd. Computershare Trust Company, N.A. acted as tender offer agent. Tricor Investor Services Limited acted as registrar to Lufax. Anglo Chinese Corporate Finance, Limited acted as Financial advisor to Lufax Holding Ltd. Joey Chau, Brian Ho, Nelson Ni, Michael Kim and Min Lu of Kirkland & Ellis is advising Morgan Stanley Asia Limited
China Ping An Insurance Overseas (Holdings) Limited and An Ke Technology Company Limited completed the acquisition of additional 0.01% stake in Lufax Holding Ltd (NYSE:LU) from Tun Kung Company Limited, Huang Philip, Zhang Zhichun and Gregory Dean GIBB and others on October 28, 2024. Reported Earnings • Oct 21
Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.16 (in line with 3Q 2023). Revenue: CN¥8.05b (flat on 3Q 2023). Net income: CN¥93.8m (flat on 3Q 2023). Profit margin: 1.2% (in line with 3Q 2023). Revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 10.0%. Announcement • Oct 08
Lufax Holding Ltd to Report Q3, 2024 Results on Oct 21, 2024 Lufax Holding Ltd announced that they will report Q3, 2024 results on Oct 21, 2024 Buy Or Sell Opportunity • Sep 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €2.44. The fair value is estimated to be €2.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 22
Second quarter 2024 earnings released: CN¥1.38 loss per share (vs CN¥1.68 profit in 2Q 2023) Second quarter 2024 results: CN¥1.38 loss per share (down from CN¥1.68 profit in 2Q 2023). Revenue: CN¥5.98b (down 36% from 2Q 2023). Net loss: CN¥792.1m (down 182% from profit in 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Announcement • Aug 22
Lufax Holding Ltd Announces No Semi-Annual Dividend for the Six Months Ended June 30, 2024 Lufax Holding Ltd. announced that in light of the net loss recorded for the six months ended June 30, 2024, the board of directors of the Company has determined that no semi-annual dividend shall be paid at this time. Announcement • Aug 09
Lufax Holding Ltd to Report First Half, 2024 Results on Aug 21, 2024 Lufax Holding Ltd announced that they will report first half, 2024 results on Aug 21, 2024 New Risk • Aug 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Buy Or Sell Opportunity • Jun 05
Now 56% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to €1.84. The fair value is estimated to be €4.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 30
Lufax Holding Ltd Approves Payment of A Special Dividend Lufax Holding Ltd. at its AGM, held on May 30, 2024, approved payment of a special dividend of USD 1.21 per ordinary share or USD 2.42 per ADS out of the share premium account under reserves of the Company. Upcoming Dividend • May 28
Upcoming dividend of US$2.37 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 06 August 2024. The company last paid an ordinary dividend in May 2022. The average dividend yield among industry peers is 4.4%. Reported Earnings • Apr 25
First quarter 2024 earnings released: CN¥1.52 loss per share (vs CN¥1.18 profit in 1Q 2023) First quarter 2024 results: CN¥1.52 loss per share (down from CN¥1.18 profit in 1Q 2023). Revenue: CN¥6.96b (down 31% from 1Q 2023). Net loss: CN¥870.5m (down 230% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.8% growth forecast for the Consumer Finance industry in Europe. Announcement • Apr 11
Lufax Holding Ltd to Report Q1, 2024 Results on Apr 22, 2024 Lufax Holding Ltd announced that they will report Q1, 2024 results on Apr 22, 2024 Announcement • Mar 23
Lufax Holding Ltd, Annual General Meeting, May 30, 2024 Lufax Holding Ltd, Annual General Meeting, May 30, 2024. Agenda: To consider Special Dividend. Announcement • Mar 22
Lufax Holding Ltd Proposes Declaration of Special Dividend, Payable on 15 August 2024 Lufax Holding Ltd. proposed declaration of special dividend of USD 1.21 per share with payment date being 15 August 2024. Announcement • Mar 13
Lufax Holding Ltd to Report Q4, 2023 Results on Mar 21, 2024 Lufax Holding Ltd announced that they will report Q4, 2023 results Pre-Market on Mar 21, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.74, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 66% over the past year. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.28, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 79% over the past year. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.73, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 64% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €5.12 per share. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.58 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.04 (down from CN¥0.58 in 3Q 2022). Revenue: CN¥8.05b (down 39% from 3Q 2022). Net income: CN¥93.8m (down 93% from 3Q 2022). Profit margin: 1.2% (down from 10% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 14% growth forecast for the Consumer Finance industry in Europe. Announcement • Nov 02
Lufax Holding Ltd to Report Q3, 2023 Results on Nov 13, 2023 Lufax Holding Ltd announced that they will report Q3, 2023 results on Nov 13, 2023 Announcement • Aug 22
Lufax Holding Ltd Approves Cash Dividend for the Six-Month Period Ended June 30, 2023, Payable on October 24, 2023 Lufax Holding Ltd. Board has approved a cash dividend of USD 0.078 per ordinary share or USD 0.039 per ADS for the six-month period ended June 30, 2023, to holders of ordinary shares and holders of ADSs of record as of the close of business on October 12, 2023, Hong Kong time and New York time, respectively. The Company expects the semi-annual dividend to be paid to the holders of ordinary shares on October 24, 2023 (Hong Kong time). The depositary, Citibank, N.A., expects to pay the dividend to the holders of ADSs on October 30, 2023 (New York time). Dividend to be paid to the Company's ADS holders through the depositary will be subject to the terms of the deposit agreement. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.42 (vs CN¥1.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.42 (down from CN¥1.27 in 2Q 2022). Revenue: CN¥9.27b (down 39% from 2Q 2022). Net income: CN¥965.3m (down 67% from 2Q 2022). Profit margin: 10% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.14, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 67% over the past year. Board Change • Aug 11
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director David Li was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 10
Lufax Holding Ltd to Report First Half, 2023 Results on Aug 21, 2023 Lufax Holding Ltd announced that they will report first half, 2023 results on Aug 21, 2023 Announcement • Aug 09
Lufax Holding Ltd Announces Board Changes The board of directors of Lufax Holding Ltd. announced that Mr. Guangheng JI ("Mr. JI") has tendered his resignation as a non-executive Director and other relevant positions of the Company due to change of his personal work arrangements on August 8, 2023. Mr. JI's resignation took effect from August 8, 2023, being the date of his resignation letter. The Board announced that the Board has resolved to appoint Mr. Yonglin XIE ("Mr. XIE") as a non-executive Director of the Company with effect from August 8, 2023. Mr. XIE, aged 54, is currently an executive director, the president and co-CEO of Ping An Insurance (Group) Company of China Ltd. and the chairman of Ping An Bank Co. Ltd. Mr. XIE joined Ping An Insurance in 1994 and has been serving as a director of Ping An Insurance since April 2020. He was the deputy director of PingAn Insurance's Strategic Development & Reform Center from June 2005 to March 2006. He held positions of the operations director, the human resources director, and a vice president of Ping An Bank from March 2006 to November 2013, and served as the special assistant to the chairman, the president and the CEO, and the chairman of Ping An Securities Co. Ltd. from November 2013 to November 2016 consecutively. He was a senior vice president of Ping An Insurance from September 2016 to December 2019. Previously, Mr. XIE served as the deputy general manager of sub-branches of Ping An Property & Casualty Insurance Company of China Ltd., the deputy general manager and then the general manager of branches of Ping An Life Insurance Company of China Ltd. ("Ping An Life"), and the general manager of the marketing department of Ping An Life. Mr. XIE graduated from Nanjing University with a Ph.D. in Corporate Management and a Master of Science degree. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 68% over the past year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.27, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 77% over the past year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 76% over the past year. Reported Earnings • May 23
First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥2.31 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.29 (down from CN¥2.31 in 1Q 2022). Revenue: CN¥10.1b (down 42% from 1Q 2022). Net income: CN¥672.0m (down 87% from 1Q 2022). Profit margin: 6.7% (down from 31% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.59, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 69% over the past year. Announcement • May 10
Lufax Holding Ltd to Report Q1, 2023 Results on May 22, 2023 Lufax Holding Ltd announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 22, 2023 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.54, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 66% over the past year. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: CN¥3.80 (vs CN¥7.11 in FY 2021) Full year 2022 results: EPS: CN¥3.80 (down from CN¥7.11 in FY 2021). Revenue: CN¥58.1b (down 17% from FY 2021). Net income: CN¥8.70b (down 48% from FY 2021). Profit margin: 15% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Finance industry in Europe. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.81, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.84, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €5.29 per share. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improved over the past week After last week's 17% share price gain to €2.20, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 25% share price gain to €1.60, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Consumer Finance industry in Europe. Announcement • Dec 02
Lufax Holding Ltd Announces Executive Changes Lufax Holding Ltd. announced Ms. Fangfang Cai has tendered her resignation as a director. The board of directors of the Company has appointed Mr. Yuqiang Huang as a director of the Company. These changes became effective on December 1, 2022. Mr. Yuqiang Huang has been serving as the vice president of risk management department of Ping An Insurance (Group) Company of China Ltd. since May 2021. Mr. Huang has over 18 years of experience in risk management of the financial industry. Mr. Huang held various positions at Shenzhen Development Bank (now merged with and renamed as Ping An Bank Co. Ltd.) from July 2004 to May 2021, including as manager of capital and portfolio management office of the risk management department from April 2015 to December 2016, manager of credit risk management office of the risk management department from December 2016 to September 2018, and assistant general manager and subsequently general manager of the asset monitoring department from September 2018 to May 2021. Mr. Huang obtained a bachelor’s degree in management from Nanjing University in June 2004. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: CN¥0.58 (vs CN¥1.76 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.58 (down from CN¥1.76 in 3Q 2021). Revenue: CN¥13.2b (down 17% from 3Q 2021). Net income: CN¥1.33b (down 68% from 3Q 2021). Profit margin: 10% (down from 26% in 3Q 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Consumer Finance industry in Europe. Announcement • Nov 19
Lufax Holding Ltd to Report Q3, 2022 Results on Nov 23, 2022 Lufax Holding Ltd announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 23, 2022 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Hanjie Ou was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.84, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Consumer Finance industry in Europe. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €2.52, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Consumer Finance industry in Europe. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Hanjie Ou was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CN¥1.27 (vs CN¥2.00 in 2Q 2021) Second quarter 2022 results: EPS: CN¥1.27 (down from CN¥2.00 in 2Q 2021). Revenue: CN¥15.3b (up 3.1% from 2Q 2021). Net income: CN¥2.91b (down 39% from 2Q 2021). Profit margin: 19% (down from 32% in 2Q 2021). Over the next year, revenue is expected to shrink by 4.1% compared to a 21% growth forecast for the industry in Germany. Announcement • Aug 04
Lufax Holding Ltd to Report Q2, 2022 Results on Aug 04, 2022 Lufax Holding Ltd announced that they will report Q2, 2022 results After-Market on Aug 04, 2022 Announcement • May 26
Lufax Holding Ltd Provides Earnings Guidance for the First Half of 2022 Lufax Holding Ltd. provided earnings guidance for the first half of 2022. For the period, the company expects total income to grow by 8% to 10% year over year to the range of RMB 32.5 billion to RMB 33.1 billion, and net profit to decrease between 11% to 13% year over year to the range of RMB 8.5 billion to RMB 8.6 billion. If non-cash foreign exchange losses were excluded from the calculation of net profit, then the Company's expectation would be for a decrease in net profit between 3% and 4%. Announcement • May 21
Lufax Holding Ltd to Report Q1, 2022 Results on May 25, 2022 Lufax Holding Ltd announced that they will report Q1, 2022 results After-Market on May 25, 2022 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 18% share price gain to €5.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Reported Earnings • May 04
Full year 2021 earnings released: EPS: CN¥7.11 (vs CN¥5.59 in FY 2020) Full year 2021 results: EPS: CN¥7.11 (up from CN¥5.59 in FY 2020). Revenue: CN¥70.1b (up 25% from FY 2020). Net income: CN¥16.8b (up 36% from FY 2020). Profit margin: 24% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.3% compared to a 82% growth forecast for the industry in Germany. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Yunwei Tang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Yunwei Tang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
