Summary by Futu AI
Lufax Holdings Limited ("Lufax Holdings" or "the Company") announced its unaudited financial performance for the second quarter ending June 30, 2024. The report shows that the total revenue for the quarter was RMB 5,976 million, a decrease of 35.5% from the same period last year. The net loss was RMB 730 million, while a net profit of RMB 1,004 million was recorded in the same period last year. The company emphasizes that despite the challenges, progress has been made in asset quality and consumer finance business. Zhao Rongshi, Chairman and Chief Executive Officer of the company, stated that the company will continue to focus on product quality and expects the ongoing transformation to enhance future revenue. Co-CEO Ji Kuisheng also emphasized the company's efforts in optimizing operations and credit standards. In addition, the company will hold an earnings conference call on August 21, 2024, Eastern Time in the USA, to discuss the financial performance.