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Lufax Reports Second Quarter 2026 Financial Results

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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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Play Yellow Tees Up as Charity Beneficiary of Inaugural Austin Championship to Support Children’s Healthcare

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Delta Air Lines to sponsor Play Yellow Sunday, celebrating local patient families and supporting Dell Children’s Medical Center through Children’s Miracle Network

AUSTIN, Texas, Nov. 11, 2026 /PRNewswire/ — Play Yellow, a fundraising program of Children’s Miracle Network (CMN), is excited to be part of the inaugural Austin Championship presented by Compliance Solutions, bringing its mission of supporting children’s healthcare to the course and the local community. Proceeds from the tournament will benefit Play Yellow and provide significant support to the local children’s hospital, Dell Children’s Medical Center, and the surrounding community.

Play Yellow unites the golf community to support children’s healthcare across the U.S. and Canada. Founded through a partnership between Jack and Barbara Nicklaus, Children’s Miracle Network and the PGA Tour, Play Yellow invites golfers, tournaments and fans to turn their passion for the game into life-changing care.

“Our partnership with the PGA Tour and events like the Austin Championship presented by Compliance Solutions reminds us what’s possible when a community comes together for kids,” said Becca Evans, National Director of Play Yellow, Children’s Miracle Network. “We’re grateful for every golfer, fan, and partner who helps make big change for all kids.”

Delta Air Lines Sponsors Play Yellow Sunday

Delta Air Lines is sponsoring Play Yellow Sunday. By wearing yellow and fundraising through golf, the Play Yellow community elevates the level of care at local children’s hospitals.

Ten patient families will join Children’s Miracle Network on the course, wearing caddie bibs featuring the Delta Air Lines logo. Some children will have the opportunity to walk a hole alongside a PGA Tour professional, while others will join the action by helping as honorary caddies on the 18th green. Among the participating children is Jett Payne, the local Children’s Miracle Network champion.

After a difficult delivery, Jett began experiencing seizures and was transferred to Dell Children’s Medical Center, where an MRI revealed multiple strokes that likely occurred before or during birth. He spent 12 days in the Neuro-NICU, where specialized care helped stabilize his seizures and support his recovery. Today, Jett is a thriving 2-year-old who is walking, talking, and exceeding milestones. He will be joined by his parents, Ryann and Brad Payne, and his brother, Briggs, age 9.

Supporting Dell Children’s Medical Center

Dell Children’s, a hospital within Children’s Miracle Network, has partnered with CMN for nearly 40 years. Since opening in 2007, Dell Children’s Medical Center has served as Central Texas’s only freestanding pediatric Level I trauma center, bringing world-class children’s healthcare to families in their own community. From pediatric heart and bone marrow transplants to expanding access to pediatric mental health care, Dell Children’s continues to advance what’s possible for children across Central Texas.

“Every day at Dell Children’s, we see the difference that access to specialized pediatric care makes in the lives of children and their families,” said Megan Campuzano, Senior Director, Annual Giving, Dell Children’s Medical Center. “The generosity of our community supports that care, allowing us to expand what we can do for children across Central Texas. We are grateful to Play Yellow, Children’s Miracle Network, the PGA Tour, and every supporter making this event a reality. It is meaningful to see our patient families recognized on such a special stage and to have our community unite behind a brighter future for all kids.”

Play Yellow Ambassadors Lead the Way

Helping bring the CMN mission to life on the course, Play Yellow’s ambassadors Patrick Fishburn, Hank Lebioda, Justin Lower, Kevin Roy, Max McGreevy, Peter Malnati, and Neal Shipley will also take the course in Austin, continuing to use their platforms to rally golfers, fans, sponsors, and communities around the shared mission of supporting children’s healthcare.

To learn more about Play Yellow, explore its ambassadors, start your own golf fundraiser, or find ways to get involved, visit playyellow.cmn.org.

About Children’s Miracle Network:

For more than 40 years, Children’s Miracle Network® has been a symbol of hope, elevating possibilities for every child in need of care. As the leading charity impacting children’s healthcare, we unite people, partners and programs to raise urgently needed funds for children’s hospitals across the U.S. and Canada.

Wherever you see our iconic balloon, you’ll find donors, corporate partners and fundraising programs joining forces to help hospitals meet their most critical needs—from life-changing care and advanced equipment to innovative research and family support. Every dollar raised benefits the local children’s hospital, bringing brighter futures within reach for all kids.

Learn more at cmn.org.

About Play Yellow:

Play Yellow, a Children’s Miracle Network program in partnership with Jack and Barbara Nicklaus and the PGA Tour, unites the golf community to turn their passion for the game by raising funds for life-changing care for all kids.

Media Contact:
Christina Vitale | cvitale@cmn.org | 908-839-2152

On-Site Contact:
Samantha Edwards | sedwards@cmn.org |812-243-2159

View original content to download multimedia:https://www.prnewswire.com/news-releases/play-yellow-tees-up-as-charity-beneficiary-of-inaugural-austin-championship-to-support-childrens-healthcare-302936778.html

SOURCE Children’s Miracle Network

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Gushine Brings Global Manufacturing Capabilities and Custom Battery Solutions to electronica 2026

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MUNICH, Nov. 11, 2026 /PRNewswire/ — Gushine Electronics, a specialist in custom lithium battery solutions, is showcasing its battery engineering expertise and international manufacturing capabilities at electronica 2026, held November 10–13 in Munich, Germany. At Hall A5, Booth 275, the company is presenting custom battery solutions for robotics, industrial automation, medical equipment, and industrial handheld devices.

Manufacturing Operations Across China and Vietnam

Founded in 2011 and headquartered in Zhuhai, China, Gushine provides custom battery pack development and manufacturing services for OEM customers worldwide.

Building on its established R&D and manufacturing operations in China, Gushine began production operations in Vietnam in 2025. The facility continues to develop its production processes and manufacturing capabilities, focusing on battery packs for handheld terminals and smart devices while complementing the company’s operations in China.

Custom Battery Solutions for Robotics and Industrial Applications

As automation expands across manufacturing, warehousing, and commercial services, equipment manufacturers face increasingly diverse requirements for battery runtime, performance, safety, and system integration.

At electronica 2026, Gushine is highlighting custom battery solutions for automated guided vehicles (AGVs), autonomous mobile robots (AMRs), warehouse automation equipment, and commercial service robots.

The company is also showcasing battery solutions for robotic lawn mowers, cleaning robots, medical carts, rugged handheld terminals, and surveying instruments.

Gushine’s engineering capabilities span cell selection, mechanical design, battery management system (BMS) development, and communication integration. This approach enables battery systems to be tailored to the operating conditions and technical requirements of different applications.

Strengthening Long-Term Partnerships in Europe

Europe’s diverse innovation ecosystem, particularly in industrial manufacturing, automation, medical technology, and specialized equipment, offers opportunities for long-term technical collaboration.

“European companies demonstrate strong engineering expertise and a commitment to innovation. We believe meaningful innovation begins with understanding real-world application needs. By working closely with our customers, we aim to help turn their ideas into reliable, market-ready products through customized battery engineering,” said Jack Yu, Vice President at Gushine.

Gushine remains committed to strengthening relationships with European OEMs, building lasting technical partnerships, and supporting the development of next-generation equipment and technologies.

Visit Gushine at electronica 2026: Hall A5, Booth 275, Messe München, November 10–13.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/gushine-brings-global-manufacturing-capabilities-and-custom-battery-solutions-to-electronica-2026-302936635.html

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AICPA & CIMA’s first-ever China’s ENGAGE Asia Conference 2026 concludes the future of accounting and finance will be defined by trust, talent, and human judgement

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SHANGHAI, Nov. 12, 2026 /PRNewswire/ — ENGAGE Asia Conference 2026 brought together 600 business, finance and technology leaders from across Asia and around the world to explore the trends, opportunities and challenges shaping the future of organisations and the accounting and finance profession.

Under the theme The Next Wave – Transformative Innovation, discussions covered the impact of AI on finance; business and leadership; the future of talent and workforce transformation; long-term value creation; China’s global ambition; and the growing importance of trust in an increasingly complex world.

Throughout the two-day conference, speakers and delegates also examined how organisations can harness technology while strengthening human judgment, adaptability and ethical leadership, reinforcing the critical role accounting and finance professionals play in driving innovation, resilience and sustainable growth in a rapidly changing global economy.

Mark Koziel, CPA, CGMA, President & CEO of AICPA & CIMA said, “The ENGAGE Asia Conference 2026 has demonstrated the tremendous energy, innovation and leadership emerging from China and Asia’s business community. The conversations, together with the insights from our RISE2040 initiative, reinforce that the future of accounting and finance will be defined not only by technological advancement, but by our ability to combine AI with trust, talent and human judgment. Accounting and Finance professionals have a vital role to play in creating sustainable value and helping businesses thrive. The ideas and connections sparked here in Shanghai will help shape the next wave of leadership and progress.”

Vicky Li, Vice President, North Asia, AICPA & CIMA, said, “Hosting the ENGAGE Asia Conference in Shanghai for the first time, in conjunction with CIMA China’s 20th anniversary, reflects both the growing importance of both China and Asia in the global economy and the region’s commitment to innovation and talent development. Over the past two days, we have brought together diverse perspectives from business, accounting, finance, technology and academia to explore how organisations can thrive in a rapidly changing world. We are proud to provide a platform that equips professionals with the insights, skills and connections needed to lead with confidence in the future.”

In August 2027, the Engage Asia Conference moves to Malaysia.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aicpa–cimas-first-ever-chinas-engage-asia-conference-2026-concludes-the-future-of-accounting-and-finance-will-be-defined-by-trust-talent-and-human-judgement-302936798.html

SOURCE AICPA & CIMA

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