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LUFAX HOLDING LTD

(LU)
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Lufax : Earnings Presentation(opens in new window)

08/19/2021 | 09:14am EDT

Lufax Holding Second Quarter 2021 Res

August 2021

Second Quarter 2021 Highlights

Outstanding Balance

Cumulative

Current CA

Active Investors

of Loans Facilitated

Borrowers

RMB606.8 billion

15.5 million

RMB421.1billion

14.8 million

+16.8%

+15.7%

+28.8%

+15.6%

YoY1

YoY1

YoY1

YoY1

Total Income

Profit before

Net Profit

Income Tax

RMB14,828 million

RMB6,351 million

RMB4,729 million

+17.3%

+46.1%

+53.2%

YoY2

YoY2

YoY2

Notes:

  1. YoY growth rate for data as of 2020Q2 and data as of 2021Q2
  2. YoY growth rate for 3 months ended 2020Q2 and 3 months ended 2021Q2

1

Operational Highlights

2

Retail Credit Facilitation: Key Metrics

New Loan Sales

RMB billion

+11.1%

YoY

Outstanding Balance of Loans Facilitated

Cumulative Borrowers

RMB billion

Million

+16.8%

+15.7%

YoY

YoY

606.8

152.7

137.4

519.4

15.5

13.4

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

3

Retail Credit Facilitation: Credit Performance

Rapid Asset Quality Recovery post COVID-19

Delinquency Rate

General Unsecured C-M3 (Current to 60-89 Days Past Due) flow rates1 (%)

DPD30+ (30+ Days Past Due) Delinquency Rate2

1.0%

0.5%

0.5%

2019-12019-32019-52019-72019-92019-112020-12020-32020-52020-72020-92020-112021-12021-3

2021-5

1.5%

1.6%

2.0%

1.9%

2018

2019

2020

2021Q2

Secured C-M3 (Current to 60-89 Days Past Due) flow rates1 (%)

DPD90+ (90+ Days Past Due) Delinquency Rate3

1.2%

1.1%

0.7%

0.9%

0.8%

0.2%

0.1%

2019-1

2019-3

2019-5

2019-7

2019-9

2019-11

2020-1

2020-3

2020-5

2020-7

2020-9

2020-11

2021-1

2021-3

2021-5

2018

2019

2020

2021Q2

Notes:

  1. 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 flow rate estimation
  2. 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 legacy products and consumer finance subsidiary are excluded from flow rate estimation
  3. 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 legacy products and consumer finance subsidiary are excluded from flow rate estimation

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Lufax Holding Ltd. published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 13:13:10 UTC.


© Publicnow 2021
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Sales 2021 61 456 M 9 559 M 9 559 M
Net income 2021 17 113 M 2 662 M 2 662 M
Net cash 2021 26 771 M 4 164 M 4 164 M
P/E ratio 2021 0,99x
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Capitalization 17 162 M 17 162 M 2 670 M
EV / Sales 2021 -0,16x
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Nbr of Employees 87 240
Free-Float 100%
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Number of Analysts 16
Last Close Price 6,97 CNY
Average target price 87,37 CNY
Spread / Average Target 1 153%
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Gregory Dean Gibb Co-Chief Executive Officer & Director
Yong-Suk Cho Co-Chief Executive Officer & Director
Xi Gui Zheng Chief Financial Officer
Guang Heng Ji Chairman
Jin Liang Mao Chief Technology Officer
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