Lufax Holding Ltd (LU) Balance Sheet

NYSE: LUAssets, liabilities, debt and equity over 10 years.

LU balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥208.25B assets = CN¥126.15B liabilities + CN¥82.09B equity

Both columns are drawn to the same scale: what LU owns equals what it owes plus shareholders’ equity. Hover a block for its value.

LU financial health

Current ratio0.56

Tight · current assets cover current liabilities 0.56×

Debt / equity1.02

Moderate leverage · CN¥1.02 of debt for each $1 of equity

Equity / assets38.4%

Balanced · of assets funded by shareholders

Cash / debt50.5%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles4.8%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

LU balance sheet trends, 2016–2025

Lufax Holding Ltd balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥134.36B2016	CN¥208.25B2025	+5.0%/yr
Total liabilities	CN¥120.04B2016	CN¥126.15B2025	+0.6%/yr
Shareholders’ equity	CN¥14.32B2016	CN¥79.88B2025	+21.0%/yr
Cash & short-term investments	CN¥18.88B2016	CN¥41.15B2025	+9.0%/yr
Total debt	CN¥16.81B2016	CN¥81.47B2025	+19.2%/yr
Net cash (debt)	CN¥2.07B2016	−CN¥40.32B2025	−CN¥42.4B
Working capital	CN¥25.70B2016	−CN¥35.72B2025	−CN¥61.4B
Current ratio	7.872016	0.562025	−7.31
Debt / equity	1.172016	1.022025	−0.15
Shares outstanding	532.3M2016	433.3M2025	−2.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

LU assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

LU liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

LU debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

LU balance sheet in Chinese yuan

Lufax Holding Ltd annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	CN¥41.15B	CN¥29.90B	CN¥39.99B	CN¥43.88B	CN¥34.74B	CN¥24.16B	CN¥7.35B	CN¥18.58B	CN¥22.19B	CN¥18.88B
Cash & equivalents	CN¥41.15B	CN¥29.90B	CN¥39.99B	CN¥43.88B	CN¥34.74B	CN¥24.16B	CN¥7.35B	CN¥18.58B	CN¥19.66B	CN¥11.21B
Short-term investments	CN¥1.04B	CN¥1.16B	CN¥28.89B	CN¥29.09B	CN¥31.02B	CN¥34.42B	CN¥18.58B	CN¥16.44B	CN¥2.52B	CN¥7.67B
Receivables	CN¥3.40B	CN¥4.62B	CN¥5.35B	CN¥15.76B	CN¥22.34B	CN¥23.33B	CN¥16.61B	CN¥14.47B	CN¥16.15B	CN¥10.56B
Inventory	CN¥0	CN¥0	−CN¥28.89B	−CN¥29.09B	−CN¥31.02B	−CN¥34.42B	−CN¥18.58B	CN¥6.6M	CN¥55.8M	CN¥0
Other current assets	CN¥839.0M	—	CN¥29.59B	CN¥29.09B	CN¥31.02B	CN¥34.42B	CN¥18.58B	CN¥0	CN¥236.8M	CN¥0
Total current assets	CN¥45.39B	—	CN¥46.03B	CN¥59.64B	CN¥57.09B	CN¥47.48B	CN¥23.96B	CN¥33.04B	CN¥38.63B	CN¥29.44B
Property, plant & equipment (net)	CN¥319.9M	CN¥370.7M	CN¥581.2M	CN¥1.08B	CN¥1.19B	CN¥1.40B	CN¥1.43B	CN¥1.36B	CN¥1.56B	CN¥1.14B
Goodwill & intangible assets	CN¥10.08B	CN¥10.13B	CN¥9.79B	CN¥9.80B	CN¥9.82B	CN¥10.93B	CN¥10.94B	CN¥11.08B	CN¥10.64B	CN¥10.82B
Long-term investments	CN¥40.85B	CN¥23.01B	CN¥31.91B	CN¥33.85B	CN¥35.27B	CN¥41.48B	CN¥27.64B	CN¥19.91B	CN¥23.00B	CN¥31.05B
Other non-current assets	CN¥111.61B	CN¥170.02B	CN¥148.72B	CN¥244.90B	CN¥257.08B	CN¥147.60B	CN¥85.55B	CN¥52.52B	CN¥106.53B	CN¥61.92B
Total assets	CN¥208.25B	CN¥203.54B	CN¥237.02B	CN¥349.26B	CN¥360.43B	CN¥248.89B	CN¥149.53B	CN¥117.92B	CN¥180.36B	CN¥134.36B
Liabilities
Accounts payable	CN¥125.1M	CN¥48.1M	CN¥139.2M	CN¥12.20B	CN¥8.81B	CN¥5.48B	CN¥526.0M	CN¥476.5M	CN¥157.6M	CN¥3.74B
Short-term debt	CN¥81.11B	CN¥4.72B	CN¥952.5M	CN¥748.81B	CN¥794.54B	CN¥979.42B	CN¥0	CN¥289.2M	CN¥0	—
Deferred revenue	—	—	−CN¥554.7M	—	−CN¥785.73B	−CN¥973.94B	—	CN¥187.3M	—	—
Total current liabilities	CN¥81.11B	—	CN¥1.56B	CN¥12.20B	CN¥8.81B	CN¥5.48B	CN¥526.0M	CN¥476.5M	CN¥2.00B	CN¥3.74B
Long-term debt	CN¥70.04B	CN¥8.29B	CN¥8.59B	CN¥50.97B	CN¥44.80B	CN¥18.09B	CN¥20.77B	CN¥18.49B	CN¥8.63B	CN¥16.22B
Lease obligations	CN¥259.8M	CN¥302.9M	CN¥386.7M	CN¥748.8M	CN¥794.5M	CN¥979.4M	CN¥939.1M	CN¥773.0M	CN¥865.5M	CN¥590.9M
Other long-term liabilities	CN¥0	—	CN¥133.19B	CN¥0	CN¥1.94B	CN¥16.59B	CN¥0	CN¥0	CN¥148.49B	CN¥0
Total liabilities	CN¥126.15B	CN¥121.76B	CN¥143.34B	CN¥254.48B	CN¥265.87B	CN¥165.74B	CN¥101.39B	CN¥82.97B	CN¥159.12B	CN¥120.04B
Shareholders' equity
Common stock & paid-in capital	CN¥117,070	CN¥117,000	CN¥75,000	CN¥75,000	CN¥75,000	CN¥77,000	CN¥69,000	CN¥68,000	CN¥67,000	CN¥67,000
Retained earnings (deficit)	CN¥56.73B	CN¥62.22B	CN¥65.49B	CN¥64.60B	CN¥55.94B	CN¥40.93B	CN¥29.35B	CN¥16.24B	CN¥2.68B	−CN¥3.29B
Treasury stock	—	—	—	—	−CN¥5.56B	−CN¥2,000	−CN¥2,000	−CN¥1,000	−CN¥1,000	—
Accumulated other comprehensive income	CN¥1.75B	—	CN¥155.8M	CN¥2.16B	CN¥9.30B	CN¥7.42B	CN¥4.58B	CN¥4.58B	CN¥7.12B	CN¥6.58B
Minority interest	CN¥2.21B	CN¥1.83B	CN¥1.56B	CN¥1.62B	—	—	—	—	—	—
Total shareholders' equity	CN¥79.88B	CN¥81.77B	CN¥93.68B	CN¥94.79B	CN¥94.56B	CN¥83.15B	CN¥48.15B	CN¥34.95B	CN¥21.24B	CN¥14.32B
Key figures
Total debt	CN¥81.47B	CN¥13.01B	CN¥44.86B	CN¥799.78B	CN¥839.34B	CN¥997.50B	CN¥20.77B	CN¥18.78B	CN¥24.04B	CN¥16.81B
Net cash (debt)	−CN¥40.32B	CN¥16.90B	−CN¥4.87B	−CN¥755.90B	−CN¥804.60B	−CN¥973.35B	−CN¥13.42B	−CN¥199.2M	−CN¥1.85B	CN¥2.07B
Working capital	−CN¥35.72B	—	CN¥44.47B	CN¥47.44B	CN¥48.27B	CN¥42.00B	CN¥23.44B	CN¥32.57B	CN¥36.63B	CN¥25.70B
Tangible book value	CN¥69.80B	CN¥71.64B	CN¥83.90B	CN¥84.99B	CN¥84.74B	CN¥72.22B	CN¥37.20B	CN¥23.87B	CN¥10.60B	CN¥3.50B
Shares outstanding	433.3M	1.73B	573.6M	573.7M	679.9M	552.0M	543.3M	538.4M	532.3M	532.3M
Current ratio	0.56	—	29.50	4.89	6.48	8.66	45.56	69.35	19.27	7.87
Quick ratio	0.55	—	29.05	4.89	6.48	8.66	45.56	69.35	19.12	7.87
Debt / equity	1.02	0.16	0.48	8.44	8.88	12.00	0.43	0.54	1.13	1.17
Equity / assets	38.4%	40.2%	39.5%	27.1%	26.2%	33.4%	32.2%	29.6%	11.8%	10.7%

Lufax Holding Ltd quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥27.02B	CN¥52.63B	CN¥31.24B	CN¥23.66B	CN¥30.17B	CN¥57.81B	CN¥28.32B	CN¥28.55B	CN¥72.29B	CN¥39.99B	CN¥39.78B
Cash & equivalents	CN¥19.21B	CN¥19.21B	CN¥30.20B	CN¥22.09B	CN¥28.16B	CN¥27.89B	CN¥27.04B	CN¥26.81B	CN¥39.44B	CN¥39.99B	CN¥39.78B
Short-term investments	CN¥7.81B	CN¥5.71B	CN¥1.04B	—	CN¥2.01B	—	CN¥1.28B	CN¥1.74B	CN¥32.85B	CN¥28.89B	CN¥25.13B
Receivables	CN¥103.24B	CN¥103.24B	CN¥4.62B	CN¥104.01B	CN¥2.89B	CN¥104.84B	CN¥4.54B	CN¥3.74B	CN¥6.29B	CN¥5.35B	CN¥9.34B
Inventory	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3.74B	−CN¥32.85B	−CN¥28.89B	−CN¥25.13B
Other current assets	CN¥45.05B	CN¥19.43B	CN¥14.67B	CN¥22.12B	—	CN¥12.66B	CN¥11.68B	CN¥0	CN¥164.08B	CN¥28.89B	CN¥25.13B
Total current assets	CN¥175.31B	CN¥175.31B	CN¥50.53B	CN¥149.79B	—	CN¥175.32B	CN¥44.53B	CN¥32.29B	CN¥209.81B	CN¥45.33B	CN¥49.12B
Property, plant & equipment (net)	CN¥270.7M	CN¥270.7M	CN¥370.7M	CN¥319.7M	CN¥309.1M	CN¥309.1M	CN¥461.4M	CN¥512.3M	CN¥550.7M	CN¥581.2M	CN¥674.8M
Goodwill & intangible assets	CN¥10.07B	CN¥10.07B	CN¥10.13B	CN¥10.08B	CN¥10.12B	CN¥10.12B	CN¥10.16B	CN¥10.19B	CN¥9.79B	CN¥9.79B	CN¥9.79B
Long-term investments	CN¥41.89B	CN¥0	CN¥40.85B	CN¥0	CN¥29.85B	CN¥0	CN¥34.65B	CN¥33.91B	CN¥35.79B	CN¥31.91B	CN¥28.18B
Other non-current assets	CN¥0	CN¥17.05B	CN¥101.65B	CN¥47.92B	CN¥155.12B	CN¥9.65B	CN¥116.65B	CN¥140.03B	CN¥0	CN¥149.41B	CN¥171.40B
Total assets	CN¥202.70B	CN¥202.70B	CN¥203.54B	CN¥208.11B	CN¥195.39B	CN¥195.39B	CN¥206.45B	CN¥216.93B	CN¥229.91B	CN¥237.02B	CN¥259.18B
Liabilities
Accounts payable	CN¥80.7M	CN¥80.7M	CN¥48.1M	CN¥125.1M	CN¥79.7M	CN¥79.7M	CN¥6.05B	CN¥55.5M	CN¥5.84B	CN¥139.2M	CN¥8.14B
Short-term debt	CN¥403.3M	CN¥403.3M	CN¥969.3M	CN¥690.0M	—	CN¥801.6M	CN¥3.45B	CN¥764.6M	CN¥952.5M	—	CN¥693.9M
Deferred revenue	—	—	—	—	—	—	—	—	−CN¥554.7M	−CN¥554.7M	−CN¥554.7M
Total current liabilities	CN¥5.07B	CN¥5.07B	CN¥56.95B	CN¥7.22B	—	CN¥5.77B	CN¥6.05B	CN¥3.40B	CN¥7.42B	CN¥139.2M	CN¥8.14B
Long-term debt	CN¥71.92B	CN¥0	CN¥70.04B	CN¥0	CN¥59.45B	CN¥0	CN¥47.59B	CN¥47.24B	CN¥48.23B	CN¥44.47B	CN¥43.11B
Lease obligations	CN¥217.3M	—	CN¥259.8M	—	CN¥251.1M	—	CN¥319.2M	CN¥342.7M	CN¥361.5M	CN¥386.7M	CN¥451.5M
Other long-term liabilities	CN¥44.27B	CN¥116.19B	CN¥0	CN¥118.85B	—	CN¥106.52B	CN¥64.92B	CN¥83.61B	CN¥81.43B	CN¥3.10B	CN¥113.60B
Total liabilities	CN¥121.25B	CN¥121.25B	CN¥119.94B	CN¥126.07B	CN¥112.29B	CN¥112.29B	CN¥120.11B	CN¥134.25B	CN¥137.08B	CN¥143.34B	CN¥164.85B
Shareholders' equity
Common stock & paid-in capital	CN¥117,000	CN¥117,000	CN¥117,000	CN¥117,000	—	CN¥117,000	CN¥117,000	CN¥75,000	CN¥75,000	CN¥75,000	CN¥75,000
Retained earnings (deficit)	CN¥55.80B	CN¥55.80B	CN¥58.80B	CN¥61.14B	CN¥58.03B	CN¥58.03B	CN¥62.95B	CN¥63.82B	CN¥64.62B	CN¥65.49B	CN¥66.33B
Accumulated other comprehensive income	CN¥1.85B	CN¥1.85B	CN¥1.59B	−CN¥2.69B	—	CN¥1.61B	CN¥214.5M	CN¥544.6M	CN¥116.0M	CN¥155.8M	−CN¥31.5M
Minority interest	CN¥2.41B	—	CN¥2.21B	—	CN¥2.07B	—	—	—	—	—	—
Total shareholders' equity	CN¥79.04B	CN¥79.04B	CN¥81.77B	CN¥79.83B	CN¥81.03B	CN¥81.03B	CN¥84.55B	CN¥81.03B	CN¥91.24B	CN¥92.14B	CN¥92.80B
Key figures
Total debt	CN¥72.54B	CN¥72.54B	CN¥58.37B	CN¥70.84B	CN¥59.45B	CN¥60.50B	CN¥47.59B	CN¥47.24B	CN¥48.23B	CN¥44.86B	CN¥43.11B
Net cash (debt)	−CN¥45.52B	−CN¥19.90B	−CN¥27.14B	−CN¥47.17B	−CN¥29.27B	−CN¥2.69B	−CN¥19.28B	−CN¥18.69B	CN¥24.06B	−CN¥4.87B	−CN¥3.33B
Working capital	CN¥170.24B	CN¥170.24B	−CN¥6.42B	CN¥142.57B	—	CN¥169.54B	CN¥38.48B	CN¥28.89B	CN¥202.39B	CN¥45.20B	CN¥40.98B
Tangible book value	CN¥68.97B	CN¥68.97B	CN¥71.64B	CN¥69.75B	CN¥70.91B	CN¥70.91B	CN¥74.39B	CN¥70.84B	CN¥81.45B	CN¥82.36B	CN¥83.01B
Shares outstanding	433.3M	433.3M	419.6M	433.3M	1.73B	433.3M	573.2M	573.2M	572.7M	570.4M	586.1M
Current ratio	34.60	34.60	0.89	20.74	—	30.36	7.36	9.51	28.28	325.65	6.03
Quick ratio	25.71	30.77	0.63	17.68	—	28.17	5.43	9.51	10.59	325.65	6.03
Debt / equity	0.92	0.92	0.71	0.89	0.73	0.75	0.56	0.58	0.53	0.49	0.46
Equity / assets	39.0%	39.0%	40.2%	38.4%	41.5%	41.5%	41.0%	37.4%	39.7%	38.9%	35.8%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 30, 2026); data from EODHD.

LU financial position

At the end of fiscal 2025 (December 31, 2025), Lufax had total assets of CN¥208.2 billion (up 2.3% from a year earlier), total liabilities of CN¥126.2 billion and shareholders' equity of CN¥79.9 billion. It held CN¥41.1 billion in cash and short-term investments against CN¥81.5 billion of debt, net debt of CN¥40.3 billion. Its current ratio was 0.56. In the latest quarter (ended June 30, 2026) total assets were CN¥202.7 billion and equity CN¥79.0 billion.

Related: LU income statement, LU cash flow statement, LU key metrics. See the LU stock overview for the latest quote and news.

LU balance sheet FAQ

What are Lufax's total assets?

Lufax reported total assets of CN¥208.2 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥203.5 billion a year earlier.

How much debt does Lufax have?

Lufax had CN¥81.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.02.

How much cash does Lufax have?

Lufax held CN¥41.1 billion in cash and short-term investments at the end of fiscal 2025; with CN¥81.5 billion of debt that is net debt of CN¥40.3 billion.

What is Lufax's book value?

Lufax's shareholders' equity (book value) was CN¥79.9 billion at the end of fiscal 2025.

What is Lufax's current ratio?

Lufax had current assets of CN¥45.4 billion and current liabilities of CN¥81.1 billion, a current ratio of 0.56 (current liabilities exceed current assets).

How much goodwill does Lufax have?

Lufax carried CN¥10.1 billion of goodwill and intangible assets, 4.8% of total assets, at the end of fiscal 2025.