Technology
Lufax Reports Second Quarter 2026 Financial Results
Published
3 months agoon
By
Represents Key Milestone as Company Executes Plan to Return to a Normal Reporting Cadence
SHANGHAI, Aug. 18, 2026 /PRNewswire/ — Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.
Second Quarter 2026 & First Half 2026 Financial Highlights
Total income was RMB6,227 million (US$918 million) in the second quarter of 2026, compared to RMB7,365 million in the same period of 2025.
Net loss was RMB82 million (US$12 million) in the second quarter of 2026, compared to net loss of RMB594 million in the same period of 2025.
(In millions except percentages, unaudited)
Three Months Ended June 30,
2025
2026
YoY
RMB
RMB
USD
Total income
7,365
6,227
918
(15.5 %)
Total expenses
(7,099)
(6,197)
(913)
(12.7 %)
Total expenses excluding credit
impairment losses, finance costs and
other (gains)/losses
(2,724)
(1,974)
(291)
(27.5 %)
Credit impairment losses, finance costs and
other gains or losses
(4,375)
(4,224)
(622)
(3.5 %)
Net loss
(594)
(82)
(12)
(86.2 %)
(In millions except percentages, unaudited)
Six Months Ended June 30,
2025
2026
YoY
RMB
RMB
USD
Total income
14,084
12,489
1,841
(11.3 %)
Total expenses
(13,593)
(13,175)
(1,942)
(3.1 %)
Total expenses excluding credit
impairment losses, finance costs and
other gains or losses
(5,589)
(4,430)
(653)
(20.7 %)
Credit impairment losses, finance costs and
other gains or losses
(8,004)
(8,745)
(1,289)
9.3 %
Net loss
(519)
(694)
(102)
33.7 %
Second Quarter 2026 Operational Highlights
Total outstanding balance of loans was RMB167.3 billion as of June 30, 2026, compared to RMB193.4 billion as of June 30, 2025, representing a decrease of 13.5%, among which the outstanding balance of consumer finance loans was RMB65.4 billion as of June 30, 2026, compared to RMB54.5 billion as of June 30, 2025, representing an increase of 19.9%.
Total new loans enabled were RMB51.1 billion in the second quarter of 2026, representing an increase of 4.6% compared to RMB48.9 billion in the same period of 2025, among which new consumer finance loans were RMB36.9 billion in the second quarter of 2026, compared to RMB28.9 billion in the same period of 2025, representing an increase of 27.6%.
Cumulative number of borrowers increased by 13.1% to approximately 31.4 million as of June 30, 2026 from approximately 27.8 million as of June 30, 2025.
As of June 30, 2026, including the consumer finance subsidiary, the Company bore risk on 93.2% of its outstanding balance, up from 83.7% as of June 30, 2025.
As of June 30, 2026, excluding the consumer finance subsidiary, the Company bore risk on 95.7% of its outstanding balance, up from 84.0% as of June 30, 2025.
For the second quarter of 2026, the Company’s retail credit enablement business take rate[1] based on loan balance was 13.8%, as compared to 12.5% for the second quarter of 2025.
C-M3 flow rate[2] for the total loans the Company had enabled, excluding the consumer finance subsidiary, was 1.0% in the second quarter of 2026, compared to 1.2% in the first quarter of 2026. Flow rates for the general unsecured loans and secured loans the Company had enabled were 1.0% and 0.9% respectively in the second quarter of 2026, as compared to 1.2% and 1.0% respectively in the first quarter of 2026.
Days past due (“DPD”) 30+ delinquency rate[3] for the total loans the Company had enabled, excluding the consumer finance subsidiary, was 5.8% as of June 30, 2026, as compared to 6.1% as of March 31, 2026. DPD 30+ delinquency rate for general unsecured loans was 6.1% as of June 30, 2026, as compared to 6.4% as of March 31, 2026. DPD 30+ delinquency rate for secured loans was 5.0% as of June 30, 2026, as compared to 5.4% as of March 31, 2026.
DPD 90+ delinquency rate[4] for total loans enabled, excluding the consumer finance subsidiary, was 3.7% as of June 30, 2026, as compared to 3.4% as of March 31, 2026. DPD 90+ delinquency rate for general unsecured loans was 3.9% as of June 30, 2026, as compared to 3.6% as of March 31, 2026. DPD 90+ delinquency rate for secured loans was 3.1% as of June 30, 2026, as compared to 3.0% as of March 31, 2026.
As of June 30, 2026, the non-performing loan (NPL) ratio[5] for consumer finance loans was 1.3% as compared to 1.4% as of March 31, 2026.
[1] The take rate of retail credit enablement business is calculated by dividing the aggregated amount of loan enablement service fees, post-origination service fees, net interest income (excluding revenue from PAObank and LUAN credit subsidiaries), guarantee income and the penalty fees and account management fees by the average outstanding balance of loans enabled for each period.
[2] C-M3 flow rate estimates the percentage of current loans that will become non-performing at the end of three months, and is defined as the product of (i) the loan balance that is overdue from 1 to 29 days as a percentage of the total current loan balance of the previous month, (ii) the loan balance that is overdue from 30 to 59 days as a percentage of the loan balance that was overdue from 1 to 29 days in the previous month, and (iii) the loan balance that is overdue from 60 to 89 days as a percentage of the loan balance that was overdue from 30 days to 59 days in the previous month. Loans from legacy products and consumer finance subsidiary are excluded from the flow rate calculation.
[3] DPD 30+ delinquency rate refers to the outstanding balance of loans for which any payment is 30 to 179 calendar days past due divided by the outstanding balance of loans. Loans from legacy products, consumer finance subsidiary, Ping An Digital Bank and LU-AN credit subsidiaries and referral product are excluded from the calculation.
[4] DPD 90+ delinquency rate refers to the outstanding balance of loans for which any payment is 90 to 179 calendar days past due divided by the outstanding balance of loans. Loans from legacy products, consumer finance subsidiary, Ping An Digital Bank and LU-AN credit subsidiaries and referral product are excluded from the calculation.
[5] Non-performing loan ratio for consumer finance loans is calculated by using the outstanding balance of consumer finance loans for which any payment is 91 or more calendar days past due and not written off, and certain restructured loans, divided by the outstanding balance of consumer finance loans.
“Today’s results mark an important milestone for Lufax as we return to a normal, predictable reporting cadence,” said Mr. Xiang Ji, Chief Executive Officer of Lufax. “Over the past year, we completed the re-audit and audit of our financial statements from 2022 through 2025, engaged Deloitte Consulting Shanghai to strengthen our internal controls, and restructured our board so that independent non-executive directors now hold a majority. These initiatives to strengthen our governance and internal controls have allowed us to resume regular financial reporting to our shareholders and the broader investor community.
“The operating environment for small business owners remained difficult in the second quarter, with financing demand staying weak. In response, we are executing a strategy of prudent operations, anchored by our selective customer strategy, which is shifting our customer mix toward lower-risk borrowers through refined product design, targeted customer acquisition, and an upgraded risk management framework, and by AI-powered refined operations, which are deepening our use of artificial intelligence in customer segmentation and in strengthening relationships with existing customers. These efforts supported continued growth in our consumer finance business, with new consumer finance loan sales up 27.6% year over year, driving overall new loan sales up 4.6% year over year to RMB51.1 billion. Our asset quality also improved on a sequential basis, with our C-M3 flow rate declining to 1.0% and our consumer finance non-performing loan ratio improving to 1.3%, both down from the first quarter.
“Financially, we narrowed our net loss to RMB82 million in the second quarter, an 86.2% improvement from the same period last year, even as credit costs remained elevated amid a challenging environment for small business owners. We are encouraged by our continued operating efficiency gains, and under our refreshed leadership team, we remain focused on prudent, quality growth and on building long-term value for our shareholders.”
Second Quarter 2026 & First Half 2026 Financial Results
TOTAL INCOME
Total income was RMB6,227 million (US$918 million) in the second quarter of 2026, compared to RMB7,365 million in the same period of 2025, representing a decrease of 15.5%.
Three Months Ended June 30,
(In millions except percentages,
unaudited)
2025
2026
YoY
RMB
% of income
RMB
% of income
Technology platform-based income
1,399
19.0 %
1,103
17.7 %
(21.2 %)
Net interest income
3,199
43.4 %
3,467
55.7 %
8.4 %
Guarantee income
1,389
18.9 %
1,105
17.7 %
(20.4 %)
Other income
358
4.9 %
269
4.3 %
(24.9 %)
Investment income
1,021
13.9 %
283
4.5 %
(72.3 %)
Share of net profits of investments
accounted for using the equity method
–
–
–
–
–
Total income
7,365
100.0 %
6,227
100.0 %
(15.5 %)
Six Months Ended June 30,
(In millions except percentages,
unaudited)
2025
2026
YoY
RMB
% of income
RMB
% of income
Technology platform-based income
2,887
20.5 %
2,139
17.1 %
(25.9 %)
Net interest income
6,405
45.5 %
6,939
55.6 %
8.3 %
Guarantee income
2,816
20.0 %
2,341
18.7 %
(16.9 %)
Other income
708
5.0 %
546
4.4 %
(22.9 %)
Investment income
1,269
9.0 %
525
4.2 %
(58.6 %)
Share of net profits of investments
accounted for using the equity method
–
–
–
–
–
Total income
14,084
100.0 %
12,489
100.0 %
(11.3 %)
Technology platform-based income was RMB1,103 million (US$163 million) in the second quarter of 2026, compared to RMB1,399 million in the same period of 2025, representing a decrease of 21.2%. This decrease was primarily due to the decrease of retail credit and enablement service fees as a result of the decrease in loan balance.
Net interest income was RMB3,467 million (US$511 million) in the second quarter of 2026, compared to RMB3,199 million in the same period of 2025, representing an increase of 8.4%, mainly due to the expansion of our consumer finance & microloan lending business.
Guarantee income was RMB1,105 million (US$163 million) in the second quarter of 2026, compared to RMB1,389 million in the same period of 2025, representing a decrease of 20.4%, primarily attributable to a decrease in the average balance of off-balance sheet loans.
Other income was RMB269 million (US$40 million) in the second quarter of 2026, compared to other income of RMB358 million in the same period of 2025. This decrease was primarily due to a decrease in account management fees caused by decreased collections in the second quarter of 2026.
Investment income was RMB283 million (US$42 million) in the second quarter of 2026, compared to RMB1,021 million in the same period of 2025. This decrease was primarily attributable to the impact of changes in the valuations of certain assets.
TOTAL EXPENSES
Total expenses decreased by 12.7% to RMB6,197 million (US$913 million) in the second quarter of 2026 from RMB7,099 million in the same period of 2025. This decrease was mainly due to the decrease in sales and marketing expenses by 22.6% to RMB756 million (US$111 million) in the second quarter of 2026 from RMB977 million in the same period of 2025. Total expenses excluding credit impairment losses, finance costs and other (gains)/losses decreased by 27.5% to RMB1,974 million (US$291 million) in the second quarter of 2026 from RMB2,724 million in the same period of 2025.
Three Months Ended June 30,
(In millions except percentages, unaudited)
2025
2026
YoY
RMB
% of income
RMB
% of income
Sales and marketing expenses
977
13.3 %
756
12.1 %
(22.6 %)
General and administrative expenses
504
6.8 %
208
3.3 %
(58.7 %)
Operation and servicing expenses
1,008
13.7 %
804
12.9 %
(20.2 %)
Technology and analytics expenses
235
3.2 %
206
3.3 %
(12.3 %)
Credit impairment losses
4,279
58.1 %
4,141
66.5 %
(3.2 %)
Finance costs
45
0.6 %
102
1.6 %
126.7 %
Other gains or losses – net
51
0.7 %
(19)
(0.3 %)
(137.3 %)
Total expenses
7,099
96.4 %
6,197
99.5 %
(12.7 %)
Six Months Ended June 30,
(In millions except percentages, unaudited)
2025
2026
YoY
RMB
% of income
RMB
% of income
Sales and marketing expenses
2,069
14.7 %
1,702
13.6 %
(17.7 %)
General and administrative expenses
997
7.1 %
533
4.3 %
(46.5 %)
Operation and servicing expenses
2,049
14.5 %
1,767
14.1 %
(13.8 %)
Technology and analytics expenses
474
3.4 %
427
3.4 %
(9.9 %)
Credit impairment losses
7,858
55.8 %
8,654
69.3 %
10.1 %
Finance costs
83
0.6 %
230
1.8 %
177.1 %
Other gains or losses – net
64
0.5 %
(139)
(1.1 %)
(317.2 %)
Total expenses
13,593
96.5 %
13,175
105.5 %
(3.1 %)
Sales and marketing expenses decreased by 22.6% to RMB756 million (US$111 million) in the second quarter of 2026 from RMB977 million in the same period of 2025. The decrease was primarily due to the decreased new loan sales and outstanding balance of off-balance sheet loans, slightly offset by the compensation for the dismissal of low productivity direct sales employees.
General and administrative expenses decreased by 58.7% to RMB208 million (US$31 million) in the second quarter of 2026 from RMB504 million in the same period of 2025, this decrease was primarily due to our continuous personnel optimization and expense control measures.
Operation and servicing expenses decreased by 20.2% to RMB804 million (US$118 million) in the second quarter of 2026 from RMB1,008 million in the same period of 2025, primarily due to our expense control measures and the decrease in the loan balance.
Technology and analytics expenses decreased by 12.3% to RMB206 million (US$30 million) in the second quarter of 2026 from RMB235 million in the same period of 2025, primarily due to our improved efficiency and the expense control measures we adopted.
Credit impairment losses decreased by 3.2% to RMB4,141 million (US$610 million) in the second quarter of 2026 from RMB4,279 million in the same period of 2025, primarily due to the decreased provision of loans and receivables as a result of the decreased risk-bearing loan balance, partially offset by the increase in the actual losses.
Finance costs increased by 126.7% to RMB102 million (US$15 million) in the second quarter of 2026 from RMB45 million in the same period of 2025, mainly due to the combined effects of the increased loan interest expenses and decreased deposit interest income.
Other gains were RMB19 million (US$3 million) in the second quarter of 2026, compared to other losses of RMB51 million in the same period of 2025. The change was primarily due to the foreign exchange gains in 2026 and the one-time tax overdue penalty of a certain subsidiary we recognized in 2025.
NET LOSS
Net loss was RMB82 million (US$12 million) in the second quarter of 2026, compared to a net loss of RMB594 million in the same period of 2025, as a result of the aforementioned factors.
LOSS PER ADS
Basic and diluted loss per American Depositary Share (“ADS”) were both RMB0.24 (US$0.04) in the second quarter of 2026. Each ADS represents two ordinary shares.
BALANCE SHEET
The Company had RMB19,213 million (US$2,832 million) in cash at bank as of June 30, 2026, as compared to RMB22,086 million as of December 31, 2025. Net assets of the Company amounted to RMB81,448 million (US$12,004 million) as of June 30, 2026, as compared to RMB82,041 million as of December 31, 2025.
SEMI-ANNUAL DIVIDEND
In light of the net loss recorded for the six months ended June 30, 2026, the board of directors of the Company has determined that no semi-annual dividend shall be paid at this time.
Conference Call Information
The Company’s management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Tuesday, August 18, 2026 (9:00 A.M. Beijing Time on Wednesday, August 19, 2026) to discuss the financial results. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the event passcode, and a unique access PIN, which can be used to join the conference call.
Registration Link: https://dpregister.com/sreg/10211235/104a7ebdba9
A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.lufaxholding.com.
The replay will be accessible through August 24, 2026, by dialing the following numbers:
United States:
1-855-669-9658
International:
1-412-317-0088
Conference ID:
8048734
About Lufax
Lufax is a leading financial services enabler for small business owners in China. The Company offers financing products designed principally to address the needs of small business owners and others. In doing so, the Company has established relationships with over 85 financial institutions in China as funding partners, many of which have worked with the Company for over three years.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US$1.00, the rate in effect as of June 30, 2026, as certified for customs purposes by the Federal Reserve Bank of New York.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about Lufax’s beliefs and expectations, are forward-looking statements. Lufax has based these forward-looking statements largely on its current expectations and projections about future events and financial trends, which involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. These forward-looking statements include, but are not limited to, statements about Lufax’s goals and strategies; Lufax’s future business development, financial condition and results of operations; expected changes in Lufax’s income, expenses or expenditures; expected growth of the retail credit enablement; Lufax’s expectations regarding demand for, and market acceptance of, its services; Lufax’s expectations regarding its relationship with borrowers, platform investors, funding sources, product providers and other business partners; general economic and business conditions; and government policies and regulations relating to the industry Lufax operates in. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Lufax’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lufax does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com
LUFAX HOLDING LTD
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS
(All amounts in thousands, except share data, or otherwise noted)
Three Months Ended June 30,
Six Months Ended June 30,
2025
2026
2025
2026
RMB
RMB
USD
RMB
RMB
USD
Technology platform-based
income
1,398,653
1,103,160
162,586
2,886,548
2,139,006
315,250
Net interest income
3,198,815
3,467,456
511,040
6,404,677
6,938,771
1,022,648
Guarantee income
1,389,093
1,104,808
162,829
2,815,970
2,341,226
345,054
Other income
357,751
269,046
39,652
708,182
545,648
80,419
Investment income
1,021,076
282,917
41,697
1,268,872
524,506
77,303
Share of net profits of
investments accounted for using
the equity method
–
–
–
–
–
–
Total income
7,365,388
6,227,387
917,803
14,084,249
12,489,157
1,840,674
Sales and marketing expenses
(976,820)
(755,731)
(111,381)
(2,068,958)
(1,702,098)
(250,858)
General and administrative
expenses
(503,966)
(208,410)
(30,716)
(996,698)
(533,168)
(78,579)
Operation and servicing expenses
(1,008,428)
(803,797)
(118,465)
(2,048,817)
(1,767,339)
(260,474)
Technology and analytics
expenses
(234,775)
(205,877)
(30,343)
(474,339)
(427,495)
(63,005)
Credit impairment losses
(4,279,023)
(4,140,714)
(610,266)
(7,858,211)
(8,654,238)
(1,275,477)
Finance costs
(44,798)
(102,067)
(15,043)
(82,680)
(229,681)
(33,851)
Other gains/(losses) – net
(51,107)
19,194
2,829
(63,586)
139,400
20,545
Total expenses
(7,098,917)
(6,197,402)
(913,384)
(13,593,289)
(13,174,619)
(1,941,699)
Profit before income tax
expenses
266,471
29,985
4,419
490,960
(685,462)
(101,025)
Income tax expenses
(860,673)
(111,666)
(16,458)
(1,009,935)
(8,807)
(1,298)
Net profit/(loss) for the period
(594,202)
(81,681)
(12,038)
(518,975)
(694,269)
(102,323)
Net profit/(loss) attributable to:
Owners of the Group
(711,523)
(200,534)
(29,555)
(767,235)
(895,889)
(132,038)
Non-controlling interests
117,321
118,853
17,517
248,260
201,620
29,715
Net profit/(loss) for the period
(594,202)
(81,681)
(12,038)
(518,975)
(694,269)
(102,323)
Earnings per share
-Basic earnings/(loss) per share
(0.41)
(0.12)
(0.02)
(0.44)
(0.52)
(0.08)
-Diluted earnings/(loss) per share
(0.41)
(0.12)
(0.02)
(0.44)
(0.52)
(0.08)
-Basic earnings/(loss) per ADS
(0.82)
(0.24)
(0.04)
(0.88)
(1.04)
(0.15)
-Diluted earnings/(loss) per ADS
(0.82)
(0.24)
(0.04)
(0.88)
(1.04)
(0.15)
LUFAX HOLDING LTD
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(All amounts in thousands, except share data, or otherwise noted)
As of December 31,
As of June 30,
2025
2026
RMB
RMB
USD
Assets
Cash at bank
22,086,187
19,212,913
2,831,633
Restricted cash
19,035,154
17,172,831
2,530,962
Financial assets at fair value through profit or loss
34,666,573
33,358,855
4,916,487
Financial assets at fair value through other comprehensive income
6,182,229
7,807,536
1,150,688
Financial assets at amortized cost
–
725,829
106,974
Financial assets held under resale agreements
1,577,029
62,003
9,138
Accounts and other receivables and contract assets
4,240,132
3,259,862
480,444
Loans to customers
102,290,974
102,244,031
15,068,906
Deferred tax assets
6,978,651
7,898,793
1,164,138
Property and equipment
54,137
50,198
7,398
Investments accounted for using the equity method
–
–
–
Intangible assets
911,603
907,856
133,801
Right-of-use assets
265,523
220,513
32,500
Goodwill
9,169,031
9,159,144
1,349,891
Other assets
657,424
619,479
91,300
Total assets
208,114,647
202,699,843
29,874,260
Liabilities
Payable to platform users
667,794
554,805
81,768
Borrowings
63,535,913
65,373,940
9,634,927
Customer deposits
9,456,934
11,806,199
1,740,018
Financial assets sold under repurchase agreements
1,662,008
1,412,301
208,147
Current income tax liabilities
396,643
423,459
62,410
Accounts and other payables and contract liabilities
7,557,062
6,445,209
949,906
Payable to investors of consolidated structured entities
28,921,222
21,992,967
3,241,362
Financing guarantee liabilities
5,647,343
5,093,690
750,717
Deferred tax liabilities
297,931
229,278
33,791
Lease liabilities
259,764
217,281
32,023
Convertible promissory note payable
6,503,803
6,542,811
964,291
Other liabilities
1,167,155
1,159,713
170,921
Total liabilities
126,073,572
121,251,653
17,870,282
Equity
Share capital
117
117
17
Share premium
27,027,931
27,027,931
3,983,424
Treasury shares
(5,642,768)
(5,642,768)
(831,641)
Other reserves
1,746,502
1,848,034
272,367
Retained earnings
56,698,381
55,802,492
8,224,270
Total equity attributable to owners of the Company
79,830,163
79,035,806
11,648,436
Non-controlling interests
2,210,912
2,412,384
355,541
Total equity
82,041,075
81,448,190
12,003,978
Total liabilities and equity
208,114,647
202,699,843
29,874,260
LUFAX HOLDING LTD
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(All amounts in thousands, except share data, or otherwise noted)
Three Months Ended June 30,
Six Months Ended June 30,
2025
2026
2025
2026
RMB
RMB
USD
RMB
RMB
USD
Net cash generated from/(used in)
operating activities
3,216,091
3,643,793
537,029
5,409,129
(575,893)
(84,876)
Net cash (used in)/generated from
investing activities
(3,441,228)
(1,968,917)
(290,182)
(2,810,078)
1,504,970
221,805
Net cash (used in) financing activities
(291,861)
(1,540,257)
(227,006)
(1,159,168)
(1,959,043)
(288,727)
Effects of exchange rate changes on
cash and cash equivalents
(11,109)
(17,632)
(2,599)
(17,695)
(45,204)
(6,662)
Net (decrease)/increase in cash and
cash equivalents
(528,107)
116,987
17,242
1,422,188
(1,075,170)
(158,460)
Cash and cash equivalents at the
beginning of the period
13,748,730
9,896,916
1,458,625
11,798,435
11,089,073
1,634,327
Cash and cash equivalents at the end
of the period
13,220,623
10,013,903
1,475,867
13,220,623
10,013,903
1,475,867
View original content:https://www.prnewswire.com/news-releases/lufax-reports-second-quarter-2026-financial-results-302854312.html
SOURCE Lufax Holding Ltd
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Technology
ASMAX at EICMA 2026: Beyond the Next in Motorcycle Communication
Published
2 minutes agoon
November 9, 2026By
MILAN, Nov. 8, 2026 /PRNewswire/ — ASMAX brought its vision of next-generation motorcycle communication to EICMA 2026 at Hall 6, Booth H08, unveiling a preview of its next-generation RoamX intercom, showcasing exclusive collaborations with ZXMOTO and WorldSSP racer Valentin Debise, and introducing new initiatives to make connected riding more accessible worldwide.
RoamX: A New Chapter in Riding Communication
At the center of the presentation was RoamX, the world’s first screen-equipped motorcycle intercom headset, currently targeted for launch in 2027. Developed around a new-generation chip after more than two years of engineering, RoamX features an integrated display, Mesh communication for up to 32 riders, and an enhanced AI voice assistant. The functional prototypes showcase ASMAX’s vision for more intuitive, intelligent and personalized riding experiences.
Bringing Mesh Within Reach of More Riders
Beyond flagship innovation, ASMAX highlighted its commitment to making advanced communication technology accessible to more motorcyclists. The ASMAX S2 combines Mesh communication with an approachable price point, offering an accessible entry into connected group riding. By lowering the barrier to Mesh technology, ASMAX aims to encourage more riders to experience the benefits of staying connected on the road.
Racing Partnerships, Shared Passion
EICMA also brought together two important ASMAX collaborators: Zhang Xue, Founder and CEO of ZXMOTO, and Valentin Debise, ASMAX Global Brand Ambassador and professional World Supersport rider.
The event showcased the ZXMOTO collaboration edition, featuring racing-inspired design, alongside the ASMAX Debise Racing Edition, a special collector’s edition developed around the partnership with Valentin Debise. Together, these collaborations reflect the shared spirit of engineering, performance and passion that connects the motorcycle industry and its riders.
ASMAX Open Road Program: Turning Riding Dreams into Reality
Looking beyond products, ASMAX introduced the ASMAX Open Road Program, supporting riders’ dreams, motorcycle journeys and creative projects. Selected applicants may receive financial grants from ASMAX to help bring their dream riding adventures to life. The program will initially launch in Europe and Southeast Asia, with plans for global expansion. Interested riders and creators can learn more and apply through www.asmaxconnect.com.
Under “BEYOND THE NEXT,” ASMAX continues to connect technology, people and the global riding community.
About ASMAX
ASMAX is a global outdoor communication technology brand focused on smart riding and connected experiences, developing intelligent communication solutions that bring riders closer together. Website: www.asmaxconnect.com
Contacts:
Distribution & sales partnerships: sales@asmaxworld.com
Marketing & collaboration Inquiries: marketing@asmaxworld.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/asmax-at-eicma-2026-beyond-the-next-in-motorcycle-communication-302932880.html
SOURCE ASMAX
Technology
Talogy links leadership assessment to development, offering AI simulations for the first time
Published
2 minutes agoon
November 9, 2026By
New Talogy InView Leadership® helps organisations assess, select and develop leaders at every level
DUBAI, UAE, Nov. 9, 2026 /PRNewswire/ — In response to rising demand for agile, people-centric leaders in an increasingly volatile, tech-driven landscape, global talent management provider, Talogy, has updated its InView Leadership solution.
Based on decades of experience in leadership assessments, the comprehensive, evidence-based framework evaluates not just what leaders do, but how leaders lead, and why they lead.
As organisations prepare for the future, their leaders need to balance the competing demands of driving transformation and creating stability. With traditional assessments often focusing on what a leader should do, InView Leadership takes a transformational approach, providing a modern definition of effective leadership.
Taking an ‘inside-out’ approach, the solution provides a holistic understanding of the multidimensional leader, across three integrated layers:
Identity: Explaining why leaders lead the way they do by examining the values, motivations and beliefs that underpin their priorities, decisions and overall approach.Emotional intelligence: Influencing how leaders express their leadership, understand themselves, respond to others and perform under pressure.Leadership qualities: Revealing what leaders do by outlining the essential behaviours required for modern leadership based on the challenges they face.
Designed for a constantly evolving workplace, the InView methodology underpins psychometrics, assessment centres, development programmes and coaching to form an integrated leadership ecosystem.
Explaining this further, Dan Hughes, VP of Product Development at Talogy, said, “This scientifically grounded framework establishes a common language across leadership assessment, development and strategy. InView’s multi-faceted approach enables organisations to consistently assess potential, accelerate development and equip empathetic, future-ready leaders at every level.”
The enhanced InView solution draws on Talogy’s 25 years of leadership assessment and development experience in the Middle East, a milestone the company celebrates this month. Sharan Gohel, Senior Director of Consulting for the region, acknowledged the milestone, saying, “This achievement is significant as we are proud to continue bringing world-class talent solutions to the Gulf region. The advancements of the InView solution demonstrate Talogy’s ongoing commitment to combining innovative technological developments with deep talent expertise to meet the evolving needs of our clients.”
AI-powered simulations
The updated solution also introduces an immersive, innovative way to explore capability for the first time using realistic, AI-powered simulations.
Marking the first jointly developed exercise since Talogy’s partnership with Symulate, the offering combines conversational AI, voice and interactive personas to bring immersive leadership scenarios to life for real-world development.
This new capability allows organizations to deepen insight into leadership qualities, understand areas of strength to leverage and uncover ongoing development opportunities.
Commenting on the solution, Alan Bourne, CEO and Founder at Symulate said, “By fusing our conversational AI and interactive personas with the robust InView framework, Talogy is able to deliver highly realistic scenarios. This gives leaders a safe, immersive space to hone their skills, while providing organisations with actionable insights into their true development opportunities.”
About Talogy:
Talogy is proud to be one of the world’s leading talent management solution providers. Crafting personalised solutions to help select, develop and transform talent and organisations worldwide.
Partnering with organisations to truly understand their challenges inside out to help them make the best data-driven people decisions.
Combining 75+ years of expertise, an extensive content library, and innovative technology, Talogy helps clients find, build and grow the best talent.
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/talogy-links-leadership-assessment-to-development-offering-ai-simulations-for-the-first-time-302932034.html
Technology
Dinto Solar Earns Thailand’s First Mandatory TISI Certification for HJT PV Module Makers
Published
1 hour agoon
November 9, 2026By
BEIJING, Nov. 9, 2026 /PRNewswire/ — Dinto Solar, a global pioneer in heterojunction (HJT) technology, has earned mandatory certification from the Thai Industrial Standards Institute (TISI) for its solar modules. The company is among the first photovoltaic (PV) module makers worldwide to qualify under Thailand’s new requirements and the first dedicated HJT module maker to receive the certification.
Thailand’s compulsory safety requirements for crystalline silicon PV modules took effect on October 30, 2026. Modules imported for sale must comply with the applicable Thai standard and be covered by a TISI license. The approval strengthens Dinto Solar’s readiness to serve local customers as regulatory compliance becomes essential to market access.
Certification was granted under TIS 61730 Part 2-2567, aligned with IEC 61730-2:2023, covering electrical insulation, fire safety and mechanical strength. TISI auditors inspected Dinto Solar’s manufacturing facilities in Longgang and Suining, China, reviewing quality management, production controls, supply chains and traceability. The company’s modules, developed and manufactured in-house, passed the assessment on the first application.
The certified portfolio spans 33 power ratings from 455 W to 770 W, supporting residential rooftops, commercial and industrial (C&I) installations and utility-scale solar plants. This range gives Thai developers and engineering, procurement and construction (EPC) contractors greater flexibility in product selection and system design.
For businesses with limited rooftop space, HJT’s high efficiency supports greater power generation per square meter. Dinto Solar’s G12-132 module features a superior temperature coefficient of −0.24%/°C to limit heat-related power loss. Butyl sealing and coated dual glass further improve moisture resistance and durability, supporting reliable energy yield in Thailand’s hot, humid climate.
JJ Energy Company Limited, Dinto Solar’s exclusive partner in Thailand, holds the local import licenses. The companies’ 2026–2027 agreement, announced in September, includes an initial 30 MW order for G12-132 HJT modules for Thai C&I rooftops. Certification enables the partners to advance import arrangements, customs clearance and distribution in preparation for delivery.
With certified products and local market capabilities in place, Dinto Solar is strengthening its position in Thailand while expanding its presence across Southeast Asia. The company will continue working with regional partners to bring high-efficiency HJT solutions to more projects, focusing on reliable performance, long-term energy yield and customer value.
Website: www.dintosolar.com
Follow “Dinto Solar” on LinkedIn and Facebook for more heterojunction updates.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/dinto-solar-earns-thailands-first-mandatory-tisi-certification-for-hjt-pv-module-makers-302932149.html
SOURCE Dinto Solar
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