LU - Lufax Holding GAAP EPADS of $0.18 misses by $0.05 revenue of $2.28B misses by $70M

• Lufax Holding press release ( NYSE: LU ): Q2 GAAP EPADS of $0.18 misses by $0.05 .
• Revenue of $2.28B (-0.9% Y/Y) misses by $70M .
• For FY2022, the company expects its new loans facilitated to decrease by 9% to 13% year over year to the range of RMB563 billion to RMB590 billion, client assets to decrease by 1% to 10% year over year to the range of RMB390 billion to RMB430 billion, total income to decrease by 0% to 3% year over year to the range of RMB60.3 billion to RMB61.7 billion, and net profit to decrease by 20% to 22% year over year to the range of RMB13.0 billion to RMB13.4 billion. If non-cash foreign exchange losses were excluded from the calculation of net profit, then the Company's expectation would be for a decrease in net profit for the full year of 2022 of between 14% and 17%.

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