Lufax Holding Ltd (LU) Income Statement
LU 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanLU revenue and net income
Where LU's revenue goes
2025Each bar shows an amount and its share of revenue. LU kept −7.3% of revenue as net income.
LU profit margins
LU growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −32.5% | −24.4% | −8.5% | — |
| Gross profit | −27.3% | −24.1% | −11.5% | — |
| Operating income | −103.0% | — | — | — |
| Net income | −330.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LU income statement in Chinese yuan
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥28.13B | CN¥41.68B | CN¥69.03B | CN¥65.01B | CN¥50.99B | CN¥43.77B | CN¥40.63B | CN¥32.34B |
| Cost of revenue | CN¥7.05B | CN¥12.69B | CN¥13.61B | CN¥16.78B | CN¥9.21B | CN¥4.86B | CN¥6.38B | CN¥11.33B |
| Gross profit | CN¥21.08B | CN¥28.99B | CN¥55.42B | CN¥48.24B | CN¥41.79B | CN¥38.91B | CN¥34.25B | CN¥21.02B |
| Sales, general & admin | CN¥5.96B | CN¥12.17B | CN¥18.59B | CN¥21.55B | CN¥20.79B | CN¥19.74B | CN¥15.22B | CN¥11.58B |
| Total operating expenses | CN¥21.52B | CN¥14.19B | CN¥21.60B | CN¥24.84B | CN¥23.88B | CN¥19.47B | CN¥15.60B | CN¥12.65B |
| Operating income | −CN¥438.8M | CN¥14.80B | CN¥33.82B | CN¥23.40B | CN¥17.91B | CN¥19.43B | CN¥18.65B | CN¥8.36B |
| Interest income | CN¥16.90B | CN¥21.38B | CN¥1.24B | CN¥1.03B | CN¥7.75B | CN¥5.58B | CN¥10.62B | CN¥15.03B |
| Interest expense | CN¥954.7M | CN¥9.21B | CN¥13.24B | CN¥10.41B | CN¥6.19B | CN¥3.00B | CN¥5.44B | CN¥8.70B |
| Income before taxes | −CN¥562.0M | CN¥1.65B | CN¥13.01B | CN¥23.40B | CN¥17.91B | CN¥19.43B | CN¥18.65B | CN¥8.36B |
| Income taxes | CN¥1.10B | CN¥610.6M | CN¥4.24B | CN¥6.69B | CN¥5.63B | CN¥6.12B | CN¥5.07B | CN¥2.34B |
| Net income | −CN¥2.04B | CN¥886.9M | CN¥8.70B | CN¥16.80B | CN¥12.35B | CN¥13.33B | CN¥13.62B | CN¥5.97B |
| EBITDA | CN¥658.8M | CN¥2.10B | CN¥34.59B | CN¥24.22B | CN¥18.77B | CN¥20.25B | CN¥19.60B | CN¥9.23B |
| Gross margin | 74.9% | 69.5% | 80.3% | 74.2% | 81.9% | 88.9% | 84.3% | 65.0% |
| Operating margin | −1.6% | 35.5% | 49.0% | 36.0% | 35.1% | 44.4% | 45.9% | 25.9% |
| Net margin | −7.3% | 2.1% | 12.6% | 25.8% | 24.2% | 30.5% | 33.5% | 18.4% |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.24B | CN¥6.24B | CN¥7.95B | CN¥6.31B | CN¥4.45B | CN¥5.98B | CN¥6.96B | CN¥5.69B | CN¥6.57B | CN¥7.70B | CN¥8.52B | CN¥13.37B |
| Cost of revenue | CN¥883.7M | CN¥883.7M | CN¥5.36B | — | CN¥3.33B | CN¥1.33B | CN¥1.33B | CN¥8.08B | CN¥3.04B | CN¥3.13B | CN¥3.32B | CN¥9.05B |
| Gross profit | CN¥5.36B | CN¥5.36B | CN¥2.59B | — | CN¥1.12B | CN¥4.65B | CN¥5.64B | −CN¥2.39B | CN¥3.53B | CN¥4.56B | CN¥5.20B | CN¥4.32B |
| Sales, general & admin | CN¥964.1M | CN¥1.33B | CN¥2.12B | CN¥1.48B | CN¥1.62B | CN¥1.88B | CN¥2.00B | CN¥555.5M | CN¥2.79B | CN¥3.03B | CN¥3.79B | CN¥4.37B |
| Total operating expenses | CN¥5.66B | CN¥5.66B | CN¥2.12B | — | CN¥1.84B | CN¥4.72B | CN¥5.11B | −CN¥6.79B | CN¥3.23B | CN¥3.25B | CN¥4.09B | CN¥4.92B |
| Operating income | −CN¥297.6M | −CN¥297.6M | CN¥469.4M | — | −CN¥718.4M | −CN¥68.8M | CN¥521.9M | −CN¥1.10B | CN¥303.3M | CN¥1.31B | CN¥1.11B | −CN¥603.2M |
| Interest income | CN¥3.47B | — | — | CN¥3.20B | CN¥2.69B | CN¥5.31B | CN¥2.85B | CN¥11.36B | CN¥40.8M | CN¥136.8M | CN¥189.1M | CN¥502.8M |
| Interest expense | CN¥102.1M | CN¥1.52B | CN¥1.52B | CN¥44.8M | CN¥59.5M | CN¥2.61B | CN¥58.2M | CN¥8.85B | CN¥40.0M | CN¥135.6M | CN¥188.6M | CN¥3.36B |
| Income before taxes | −CN¥342.7M | −CN¥342.7M | −CN¥534.4M | CN¥266.5M | −CN¥718.4M | −CN¥364.5M | CN¥447.3M | −CN¥1.09B | CN¥303.3M | CN¥1.31B | CN¥1.11B | −CN¥603.2M |
| Income taxes | CN¥4.4M | CN¥4.4M | CN¥62.0M | — | CN¥6.9M | CN¥365.5M | CN¥1.28B | −CN¥253.7M | CN¥172.3M | CN¥310.1M | CN¥381.9M | CN¥202.7M |
| Net income | −CN¥447.9M | −CN¥447.9M | −CN¥665.2M | −CN¥711.5M | −CN¥874.8M | −CN¥792.1M | −CN¥870.5M | −CN¥844.2M | CN¥93.8M | CN¥965.3M | CN¥672.0M | −CN¥815.3M |
| EBITDA | −CN¥285.1M | −CN¥285.1M | CN¥4.85B | — | −CN¥718.4M | −CN¥22.4M | CN¥567.2M | CN¥11.87B | CN¥303.3M | CN¥1.31B | CN¥1.11B | −CN¥415.2M |
| Gross margin | 85.8% | 85.8% | 32.6% | — | 25.1% | 77.8% | 80.9% | −42.0% | 53.7% | 59.3% | 61.0% | 32.3% |
| Operating margin | −4.8% | −4.8% | 5.9% | — | −16.2% | −1.2% | 7.5% | −19.3% | 4.6% | 17.1% | 13.1% | −4.5% |
| Net margin | −7.2% | −7.2% | −8.4% | −11.3% | −19.7% | −13.3% | −12.5% | −14.8% | 1.4% | 12.5% | 7.9% | −6.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in LU's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LU financial results
In fiscal year 2025 (ended December 31, 2025), Lufax reported revenue of CN¥28.1 billion, down 32.5% from the year before. It had a net loss of CN¥2.0 billion, a net profit margin of −7.3%. Over five years revenue grew at an average rate of −8.5% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the LU stock overview for the latest quote and news, or the LU chart for price history and technical indicators.
LU income statement FAQ
What is Lufax's annual revenue?
Lufax reported total revenue of CN¥28.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 32.5% from CN¥41.7 billion the previous year.
Is Lufax profitable?
No. Lufax reported a net loss of CN¥2.0 billion in fiscal 2025, a net profit margin of −7.3%; its operating margin was −1.6%.
What is Lufax's gross margin?
Lufax's gross margin was 74.9% in fiscal 2025: for every $100 of revenue, Lufax kept $75 after the direct cost of its products and services.
How fast is Lufax growing?
Revenue grew −8.5% a year on average over the last five fiscal years, from CN¥43.8 billion to CN¥28.1 billion.
When will Lufax report its next earnings?
Lufax is expected to report results for the quarter ending September 30, 2026 on November 17, 2026 after the market closes.
When does Lufax's fiscal year end?
Lufax's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.