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Lufax Holding InvestorRoom Lufax Reports Second Quarter 2021 Unaudited Financial Results SHANGHAI -- ( BUSINESS WIRE ) -- Lufax Holding Ltd ( " Lufax " or the " Company " ) ( NYSE : LU ) , a leading technology- empowered personal financial services platform in China , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Financial Highlights • Total income increased by 17.3 % to RMB14,828 million ( US $ 2,297 million ) in the second quarter of 2021 from RMB12,637 million in the same period of 2020 . • Net profit increased by 53.2 % to RMB4,729 million ( US $ 732 million ) in the second quarter of 2021 from RMB3,086 million in the same period of 2020 . ( In millions except percentages , unaudited ) Three Months Ended June 30 , 2020 2021 ΥΟΥ RMB RMB USD Total income 12,637 Income excluding investment income Total expenses 12,417 ( 8,291 ) 14,828 14,792 2,291 ( 8,477 ) ( 1,313 ) 2,297 17.3 19.1 2.2 do do do % % % Total expenses excluding credit impairment losses , financial costs and other losses Credit impairment losses ( 7,229 ) ( 7,107 ) ( 1,101 ) ( 1.7 % ) Financial costs and other losses , net Net profit ( 597 ) ( 466 ) 3,086 ( 1,394 ) ( 216 ) 133.5 % 25 4,729 4 732 ( 105.4 % ) 53.2 % Net margin 24.4 % 31.9 % 31.9 % NA Second Quarter 2021 Operational Highlights Retail credit facilitation business : • Outstanding balance of loans facilitated increased by 16.8 % to RMB606.8 billion ( US $ 94.0 billion ) as of June 30 , 2021 , from RMB519.4 billion as of June 30 , 2020 . • Cumulative number of borrowers increased by 15.7 % to approximately 15.5 million as of June 30 , 2021 , from approximately 13.4 million as of June 30 , 2020 . • During the second quarter of 2021 , excluding the consumer finance subsidiary , 77.6 % of new loans facilitated were disbursed to small business owners , up from 72.6 % in the same period of 2020 . • As of June 30 , 2021 , excluding the consumer finance subsidiary , outstanding balance of loans facilitated with guarantees from credit enhancement partners accounted for 84.3 % of the total outstanding balance of loans facilitated , a decrease from 94.3 % as of June 30 , 2020 . • During the second quarter of 2021 , excluding the consumer finance subsidiary , the Company bore risk on 16.0 % of its new loans facilitated , up from 4.4 % in the same period of 2020 . • For the second quarter , the Company's retail credit facilitation revenue take rate¹ based on loan balance was 9.7 % , as compared to 9.5 % for the second quarter of 2020 . • Despite the reduction in APRs starting from September 2020 , the Company has maintained its solid business growth . New loans facilitated increased by 11.1 % to RMB152.7 billion ( US $ 23.7 billion ) in the second quarter of 2021 from RMB137.4 billion in the same period of 2020. High - quality borrowers² contributed 63.7 % of the new general unsecured loans facilitated in the second quarter of 2021 , as compared to 59.4 % in the same period of 2020 . • C - M3 flow rate³ for the total loans the Company had facilitated was 0.4 % in the second quarter of 2021 , identical to the rate in the first quarter of 2021. Flow rate for the general unsecured loans the Company had facilitated was 0.5 % in the second quarter of 2021 , and flow rate for the secured loans the Company had facilitated was 0.1 % in the second quarter of 2021 , both of which were unchanged from the first quarter of 2021 . • Days past due ( " DPD " ) 30+ delinquency rate for the total loans the Company had facilitated improved to 1.9 % as of June 30 , 2021 , from 2.0 % as of March 31 , 2021. DPD 30+ delinquency rate for general unsecured loans was 2.3 % as of June 30 , 2021 , identical to the rate as of March 31 , 2021. DPD 30+ delinquency rate for secured loans improved to 0.5 % as of June 30 , 2021 , from 0.6 % as of March 31 , 2021 .