Summary by Futu AI
Lufax Holdings Limited (referred to as "Lufax") released its interim financial report on August 21, 2024, showing that as of the six months ended June 30, 2024, the company's loan balance decreased by 44.8% compared to the same period last year, to RMB 235.2 billion. The balance of consumer finance loans increased by 27.9% to RMB 42 billion. During the same period, the total new loan scale decreased to RMB 93.3 billion, with new consumer finance loan amounts increasing to RMB 42.4 billion. The company's total revenue decreased from RMB 19.348 billion in the first half of last year to RMB 12.94 billion, with a net loss of RMB 1.56 billion. The balance sheet shows that the company's net assets are RMB 82.676 billion, including RMB 37.114 billion in bank deposits. In addition, the company completed the acquisition of Golden Harvest Limited and became an indirect non-wholly-owned subsidiary of Ping An Insurance. During the reporting period, the company did not declare a semi-annual dividend.