LU Earnings Prediction
The chart below shows how LU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LU sees a +0.48% change in stock price 10 days leading up to the earnings, and a -4.01% change 10 days following the report. On the earnings day itself, the stock moves by +5.76%. This data can give you a slight idea of what to expect for the next quarter's release.
LU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.54B
-31.15%
-7.24%
Gross Margin
--
--
--
Operating Margin
-12.79%
-357.34%
1012.17%
Net Margin
-13.08%
-902.45%
7.13%
EPS
-0.56
-275.00%
-18.84%
No Data Available
LU Earnings Analysis
Lufax Holding Ltd. American Depositary Shares, each representing two (2) Ordinary Shares Corporation (LU.N) Earnings Conference Call
Positive
New Loan Sales Increase: Total new loans sales in the third quarter were RMB 50.5 billion, improving by 11.7% from last quarter.
Consumer Finance Loan Surge: New consumer finance loans increased by 27.8% year-over-year and accounted for 52% of total new loans sales in the third quarter.
Loan Balance Overview: Our total loan balance stood at RMB 213.1 billion as of the end of the third quarter, with consumer finance loans taking up 22%.
Operating Efficiency Improvement: Our operating efficiency improved, with our operating expenses to income ratio decreasing from 57.8% in the third quarter of 2023 to 53.8%.
Net Interest Income Decline: Our net interest income was RMB 2.7 billion, a decrease of 18.8% from the same period last year, primarily due to an increase in consumer finance revenue.
Negative
Income Decline Analysis: In the third quarter of 2024, our total income decreased by 31.1% to RMB 5.5 billion from RMB 8.1 billion, mainly due to a decrease of outstanding loan balance by 41.8%.
Expense Reduction Analysis: The total expenses decreased by 19.2% to RMB 6.3 billion from RMB 7.7 billion, among which the total operating expenses declined by 35.9% to RMB 3 billion from RMB 4.7 billion.
Credit Impairment Losses Rise: Credit impairment losses increased by 9% to RMB 3.3 billion from RMB 3 billion.
Technology Platform Income Decline: Our technology platform-based income was RMB 1.6 billion, representing a decrease of 49.9%, mainly due to a decrease in retail credit service fees as a result of 41.8% decrease in outstanding loan balance.
Net Loss Report: We recorded a net loss of RMB 725 million for the third quarter.
LU FAQs
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LU Earning Call Sentiment
Lufax Holding Ltd (LU) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LU.N
-1.27%Positive
The earnings call summary reveals several negative factors: decreased revenue and increased credit impairment losses, indicating financial struggles. The lack of a shareholder return plan further dampens sentiment. The Q&A section highlights ongoing challenges, including economic uncertainty and pressure on profitability. Although there are some positive aspects, such as stable asset quality and decreasing funding costs, these are outweighed by the negative financial performance and lack of clear guidance, leading to a negative sentiment rating. Given the company's small market cap, the stock price is likely to react negatively in the short term.
