LU - Lufax Holding GAAP EPADS of -$0.05 total income of $1.79B beats by $10M

2023-03-13 00:38:17 ET

• Lufax Holding press release ( NYSE: LU ): Q4 GAAP EPADS of -$0.05.
• Total income of $1.79B (-22.2% Y/Y) beats by $10M .
• The Company had $6,362M in cash at bank as of December 31, 2022.
• Outstanding balance of loans enabled decreased by 12.8% to RMB576.5 billion as of December 31, 2022 from RMB661.0 billion as of December 31, 2021.
• Cumulative number of borrowers increased by 12.9% to approximately 19.0 million as of December 31, 2022 from approximately 16.8 million as of December 31, 2021.
• New loans enabled decreased by 48.7% to RMB77.8 billion in the fourth quarter of 2022 from RMB151.6 billion in the same period of 2021.
• During the fourth quarter of 2022, excluding the consumer finance subsidiary, the Company bore risk on 22.2% of its new loans enabled, up from 20.8% in the same period of 2021.
• DPD 90+ delinquency rate for the total loans enabled was 2.6% as of December 31, 2022, as compared to 2.1% as of September 30, 2022. DPD 90+ delinquency rate for general unsecured loans was 3.0% as of December 31, 2022, as compared to 2.4% as of September 30, 2022.

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