Lufax narrows Q2 net loss by 86% as consumer finance loans and new sales grow despite tough market.

Lufax Holding Ltd reported a net loss of RMB82 million in Q2 2026, an 86.2% improvement from RMB594 million in Q2 2025, driven by growth in consumer finance loans and new loan sales despite a challenging environment for small businesses in China. Total income declined 15.5% to RMB6.23 billion, while expenses fell 12.7%, reflecting cost control and operational efficiency. The company’s consumer finance loan balance rose 19.9% year-over-year, with new consumer finance loans up 27.6%, supporting improved asset quality and reduced delinquency rates. Lufax is focusing on prudent growth and enhanced risk management, leveraging AI for customer segmentation and aiming to build long-term shareholder value amid ongoing market challenges.