Page 1

Lufax Holding InvestorRoom Lufax Reports Third Quarter 2021 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 third quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights • Total income increased by 21.8 % to RMB15,924 million ( US $ 2,471 million ) in the third quarter of 2021 from RMB13,076 million in the same period of 2020 . • Net profit increased by 90.8 % to RMB4,115 million ( US $ 639 million ) in the third quarter of 2021 from RMB2,157 million in the same period of 2020 . • Non - IFRS adjusted net profit increased by 18.1 % to RMB4,115 million ( US $ 639 million ) in the third quarter of 2021 from RMB3,483 million in the same period of 2020. Non - IFRS adjusted net profit excludes a non- recurring adjustment of RMB1,326 million recognized in September 2020 in relation to the Company's C- round convertible notes restructuring prior to its initial public offering . ( In millions except percentages , unaudited ) Three Months Ended September 30 , 2020 2021 ΥΟΥ RMB RMB USD Total income 13,076 15,924 2,471 21.8 % Total expenses ( 9,455 ) ( 9,936 ) ( 1,542 ) 5.1 % Total expenses excluding credit and asset impairment losses , financial costs and other losses ( 6,995 ) ( 7,730 ) ( 1,200 ) 10.5 % Credit and asset impairment losses ( 952 ) ( 2,074 ) ( 322 ) 118 % Financial costs and other losses , net ( 1,508 ) ( 132 ) ( 20 ) ( 91.2 % ) Net profit 2,157 4,115 639 90.8 % Non - IFRS adjusted net profit¹ 3,483 4,115 639 18.1 % Net margin 16.5 % 25.8 % 25.8 % ΝΑ Non - IFRS adjusted net margin¹ 26.6 % 25.8 % 25.8 % ΝΑ Third Quarter 2021 Operational Highlights Retail credit facilitation business : • Outstanding balance of loans facilitated increased by 20.4 % to RMB645.1 billion as of September 30 , 2021 , from RMB535.8 billion as of September 30 , 2020 . • New loans facilitated increased by 16.2 % to RMB171.7 billion in the third quarter of 2021 from RMB147.8 billion in the same period of 2020 . • Cumulative number of borrowers increased by 15.6 % to approximately 16.2 million as of September 30 , 2021 , from approximately 14.0 million as of September 30 , 2020 . • During the third quarter of 2021 , excluding the consumer finance subsidiary , 80.5 % of new loans facilitated were disbursed to small business owners , up from 75.7 % in the same period of 2020 . • As of September 30 , 2021 , excluding the consumer finance subsidiary , outstanding balance of loans facilitated with guarantees from credit enhancement partners accounted for 81.1 % of the total outstanding balance of loans facilitated , a decrease from 91.8 % as of September 30 , 2020 . • During the third quarter of 2021 , excluding the consumer finance subsidiary , the Company bore risk on 19.6 % of its new loans facilitated , up from 7.3 % in the same period of 2020 . • For the third quarter , the Company's retail credit facilitation revenue take rate² based on loan balance was 9.7 % , as compared to 9.4 % for the third quarter of 2020 . . High - quality borrowers³ contributed 61.2 % of the new general unsecured loans facilitated in the third quarter of 2021 , as compared to 62.5 % in the same period of 2020 . • C - M3 flow rate for the total loans the Company had facilitated was 0.4 % in the third quarter of 2021 , identical to the rate in the second quarter of 2021. Flow rate for the general unsecured loans the Company had facilitated was 0.5 % in the third quarter of 2021 , and flow rate for the secured loans the Company had facilitated was 0.1 % in the third quarter of 2021 , both of which were unchanged from the second quarter of 2021 .