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Ping An-backed online platform matching small-business and consumer borrowers with lenders, plus a wealth-management marketplace.
Ping An-backed online platform matching small-business and consumer borrowers with lenders, plus a wealth-management marketplace.
Earns fees on loans it arranges between borrowers and lenders and has shared credit risk on many of them, so defaults hit it too. Loan arrangement is the core and the wealth-management marketplace is secondary. Ping An, the insurance and finance group, is the largest shareholder.
In one line: China's LendingClub/SoFi-style lending marketplace.
Moat: narrow (brand, data, distribution). Ping An ecosystem ties and years of credit data support distribution and underwriting, though asset quality has weighed on results.
Headquarters: Shanghai, China · Founded: 2011 · Employees: 33,163
Size Lufax (6623.HK) is a Hong Kong Financials company (Finance/Rental/Leasing) with a market value of $773M, the 660th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.62 on 6 Nov 2026.
Performance Over six months the shares fell 59.4%, against -5.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median +9.7%); the operating margin is -4.8% (peer median 27.7%).
Valuation It trades at 0.07× book value against a peer median of 0.86× (cheapest of 21).
Backlog Backlog (remaining performance obligations) was CN¥5.06B at 31 Dec 2024, down 41% on a year earlier — 0.6 years of trailing revenue. Backlog detail →
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$31.3B | HK$31.4B | HK$32.0B | HK$46.5B | HK$80.5B |
| Revenue growth | — | -2% | -31% | -42% | — |
| Gross profit | HK$24.5B | HK$23.8B | HK$21.9B | HK$30.9B | HK$59.5B |
| EBITDA | HK$4.50B | HK$9.50B | HK$6.14B | HK$9.84B | HK$26.5B |
| Net income | -HK$2.48B | -HK$2.27B | -HK$4.20B | HK$895M | HK$10.1B |
| Free cash flow | HK$7.69B | HK$14.2B | HK$2.14B | HK$13.2B | HK$5.63B |
| Capital expenditure | HK$45.2M | HK$39.8M | HK$78.7M | HK$56.7M | HK$143M |
| Total debt | HK$109B | HK$90.7B | HK$66.3B | HK$50.9B | HK$59.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Lufax 6623.HK | $773M | -59% | +5% | -3% | 0.07× | 3.8% |
| Qfin Holdings, Inc. Sponsored ADR QFIN | $651M | -58% | -8% | 15% | 0.19× | 3.9% |
| FinVolution Group Sponsored ADR FINV | $740M | -43% | -2% | 12% | 0.29× | 4.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6623.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.8% | -3.6% | lowest of 21 |
| 6-month return | -59.4% | -5.4% | 2nd lowest of 21 |
| Return on equity | -2.6% | 11.9% | 4th lowest of 21 |
| Price / book | 0.07× | 0.86× | cheapest of 21 |
| ROE the price implies | 3.8% | 8.2% | 2nd least demanding of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Lufax 6623.HK | Hong Kong | $773M | -59% | +5% | -3% | 0.07× | 3.8% | n/a |
| Tourism Finance Corporation of India TFCILTD.NS | India | $787M | +92% | +28% | 12% | 5.34× | 65.6% | 12.4% |
| Navient NAVI | United States | $790M | -1% | -17% | -2% | 0.33× | 5.6% | -2.0% |
| Paisalo Digital PAISALO.NS | India | $752M | +52% | +24% | 15% | 3.56× | 49.6% | 14.7% |
| Burford Capital BUR.L | United Kingdom | $798M | -19% | -415% | -98% | 0.93× | 12.6% | -98.3% |
| Allied 0373.HK | Hong Kong | $800M | -34% | -40% | 2% | 0.13× | 3.4% | 1.7% |
| Funding Circle FCH.L | United Kingdom | $744M | +49% | +53% | 29% | 2.30× | 26.2% | 28.5% |
| Japan Investment Adviser 7172.T | Japan | $804M | -6% | +16% | 18% | 1.56× | 7.9% | 17.8% |
| RFA Financial RFA.TO | Canada | $741M | -6% | +32% | -14% | 0.74× | 5.5% | -13.8% |
| FinVolution Group Sponsored ADR FINV | United States | $740M | -43% | -2% | 12% | 0.29× | 4.1% | 11.7% |
| Judo Capital JDO.AX | Australia | $728M | -32% | +12% | 6% | 0.59× | 8.7% | 6.4% |
| India Shelter Finance INDIASHLTR.NS | India | $727M | -26% | +25% | 17% | 2.12× | 21.3% | n/a |
| FleetPartners FPR.AX | Australia | $723M | +78% | +4% | 12% | 1.67× | 12.7% | 12.2% |
| Nishio 9699.T | Japan | $722M | -5% | -2% | 8% | 0.79× | 4.4% | 7.8% |
| Orient 8585.T | Japan | $831M | -24% | +4% | 4% | 0.54× | 4.4% | 4.2% |
| Green Dot GDOT | United States | $697M | -3% | +18% | -3% | 0.74× | 7.8% | -2.8% |
| Velocity Financial VEL | United States | $696M | -3% | +32% | 16% | 0.96× | 8.5% | 16.1% |
| Yixin 2858.HK | Hong Kong | $695M | -58% | +18% | 8% | 0.28× | 5.5% | 8.1% |
| World Acceptance WRLD | United States | $671M | 0% | +5% | 14% | 1.92× | 18.4% | 14.1% |
| Qfin 3660.HK | Hong Kong | $664M | -60% | -8% | 15% | 0.18× | 4.1% | 15.1% |
| Mcmillan Shakespeare MMS.AX | Australia | $913M | +12% | +8% | 89% | 10.41× | 85.9% | 89.2% |
Lufax reported CN¥5.06B of remaining performance obligations at 31 Dec 2024, down 41% from a year earlier. That is 0.6 years of trailing revenue already under contract.