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Laos Arrests More Than 550 in August Scam Crackdown

By
Thongsavanh Souvannasane
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Vientiane police detained 261 foreign nationals during a raid on a telecommunications fraud and online gambling operation at Thatluang Lake Special Economic Zone. Vientiane, Laos. 08 August 2026. (Photo: Lao Security News)

Laos has detained more than 550 people in raids targeting online scams and illegal gambling operations so far in August, as authorities step up a nationwide crackdown that has now netted more than 1,100 suspects since mid-July.

The latest figures come after a series of raids across Vientiane Capital and Vientiane Province, with Chinese nationals making up a large proportion of those detained.

On 18 August, authorities reported that 84 Chinese nationals had been arrested during raids on a guesthouse and an apartment in Huayhong village, Vientiane.

The raids, carried out in Chanthabouly District between 23 July and 7 August, uncovered laptops, mobile phones, passports, Chinese identification cards and other equipment allegedly linked to scam activities.

The suspects and seized evidence were transferred to Vientiane’s Public Security authorities, who are investigating the operation and seeking to identify its alleged ringleaders.

Several Raids

The arrests were among several large-scale operations carried out across the capital this month.

On 12 August, police raided an alleged cybercrime operation at the Athena Hotel, a two-building compound in Nongsanokham village, Sikhottabong district. They detained 74 suspects, including 71 Chinese nationals, one Vietnamese woman and two Taiwanese nationals.

Police seized computers and mobile phones and also found illegal drugs, including ketamine-laced e-cigarettes and compressed marijuana, according to authorities.

The same day, police in Vientiane Province and Vang Vieng district inspected two hotels allegedly being used as bases for internet crime. They detained 78 foreign nationals, including 77 Chinese citizens and one Malaysian. None had valid passports, according to authorities.

Four days earlier, on 8 August, police raided an alleged telecommunications fraud and online gambling operation in the Thatluang Lake Special Economic Zone, detaining 261 suspects from seven nationalities.

Chinese nationals accounted for 153 of those arrested, followed by 61 Vietnamese and 36 Thai nationals. Taiwanese, Malaysian, South Korean and Myanmar nationals were also among those detained.

The operation was the largest single haul reported during the current crackdown.

On 1 August, authorities carried out six coordinated raids in Sikhottabong and Hatsayfong districts, arresting 63 people, most of them Chinese nationals.

One raid in Salakham village uncovered an alleged scam call center with thousands of mobile phones and led to the arrest of 24 Chinese suspects.

Crackdown Beyond Vientiane

The campaign has also extended into the provinces.

On 18 August, authorities reported that police in Paklay district, Xayaboury Province, had arrested 47 suspects, including 10 women, during a 13 July raid on a guesthouse.

Police seized 22 laptops, 228 mobile phones and other evidence.

Some of the suspects told authorities that seven Chinese nationals had recruited and trained them from May, paying most workers about USD 600 a month and a Lao interpreter about USD 455 a month.

Authorities are also continuing to transfer Thai nationals detained during a major raid in July.

Police arrested 589 people during a 18 July operation at ST Vegus Company Limited in Hadsayfong district. As of 18 August, 268 of the 373 Thai nationals detained in the case had been handed over to Thailand, while 105 remained in Laos awaiting transfer.

The latest operations follow a wider push by the Lao government against cybercrime and organised scam networks.

Prime Minister Sonexay Siphandone told the National Assembly in early July that authorities had arrested more than 4,400 cybercrime suspects from 25 nationalities across Laos during the first half of 2026.

About 1,000 arrests were made in July alone, according to official reports.

The latest raids suggest the campaign has continued to intensify into August, with authorities targeting alleged scam call centres, online gambling operations and other facilities believed to be involved in cybercrime.

Janitha Sukumaran Joins Reputation Advisors International as Newest Member

By
Advertorial Desk
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Malaysian communications advisor brings more than three decades of experience in strategic communications, reputation management, and crisis advisory

NEW YORK, Aug. 19, 2026 /PRNewswire/ — Reputation Advisors International (RAI), a global network of esteemed communications professionals, announced today that Janitha Sukumaran, Founder of Rantau+, has joined as its newest member.

Janitha Sukumaran, Founder & Chief Sustainability Consultant of Rantau+, joins Reputation Advisors International (RAI).
Janitha Sukumaran, Founder & Chief Sustainability Consultant of Rantau+, joins Reputation Advisors International (RAI).

Sukumaran has spent more than 35 years working across journalism, strategic communications, reputation management, and crisis advisory. During her career, she has advised governments, multinational corporations, publicly traded companies, and purpose-driven organizations across Asia – often during times of significant change and uncertainty.

She founded Rantau+ in 1992 and continues to lead the Malaysia-based independent communications consultancy. Under her leadership, the firm has transformed into a purpose-driven, data-driven Communications Intelligence Advisory. She has also pioneered Narrative Intelligence, an approach that combines communications, sustainability, data, and AI to turn insights into action.

“Reputation is no longer built through communications alone; it is earned through how organizations behave and create value for society,” Sukumaran said. “I look forward to contributing an Asian perspective while strengthening the collective intelligence we can offer clients across the market.”

“We are pleased to welcome Janitha Sukumaran as our newest member,” said James F. Haggerty, CEO of PRCG Haggerty LLC in New York and President of Reputation Advisors International. “Her extensive background in journalism, strategic communications, and reputation management provides exactly the expertise needed to strengthen our organization.”

About Reputation Advisors International (RAI)

Reputation Advisors International is a global association of senior communications professionals specializing in high-stakes issues related to reputation management, brand positioning, legal and regulatory communications, crisis planning and response and related fields.

The network currently has members in 18 cities across 14 countries, including Abu Dhabi, Brasília, Brussels, Chiasso, Frankfurt, Geneva, Kuala Lumpur, London, Los Angeles, Mexico City, Munich, New York, Oslo, Seoul, Singapore, Sydney, Toronto and Zurich.

To learn more about Reputation Advisors International, visit: www.reputationadvisors.net.

Huasun Secures First Overseas Order of Himalaya PLUS with 100MW Supply Agreement in Pakistan

By
Advertorial Desk
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LAHORE, Pakistan, Aug. 19, 2026 /PRNewswire/ — Anhui Huasun Energy Co., Ltd. (“Huasun”), a leading global heterojunction (HJT) solar manufacturer, signed a 100MW module supply agreement with Air Solution, a Futex Group company, in Lahore, Pakistan. The deal marks the first overseas order of Huasun’s flagship Himalaya PLUS module, following its European debut at Intersolar Europe 2026 in Munich this June.

The agreement was signed by Mr. Ehsan Ali, CEO of Air Solution, and Mr. Rana Farhan, Regional Director – Middle East & Pakistan at Huasun, at a ceremony held alongside Pakistan’s Independence Day celebrations. Mr. Laeeq, Director of Air Solution/Futex, also attended the ceremony.

“There’s no better day than Pakistan’s Independence Day to sign this agreement. It reflects the vision of a green Pakistan — a nation building its own energy independence through clean, reliable technology,” said Mr. Rana Farhan. “This is the start of a new journey with Air Solution, across projects and distribution, and I’m confident it will grow into a strong and lasting partnership.”

Air Solution has been a long-standing execution partner for Huasun in Pakistan, having delivered several large-scale HJT installations across commercial, industrial, and utility-scale segments. Looking ahead, Air Solution will establish technology and experience centers across three major cities, supported by Huasun, to ensure enhanced after-sales service for customers.

“Our track record with Huasun has helped build real market trust in HJT technology in Pakistan,” said Mr. Ehsan Ali, CEO of Air Solution. “We’re proud to deepen this partnership and keep standing at the front of new technology entering this market.”

The modules supplied are Huasun’s Himalaya PLUS series, launched in November 2025. Featuring ultra-large wafers with negative-gap cell design and a 95.8% screen-to-body ratio, the module delivers up to 760W output and supports 2000V system voltage, significantly reducing BOS cost and LCOE while improving project IRR.

Asia Responsible Enterprise Awards and Asia Pacific Enterprise Awards 2026 China Chapter Celebrate Resilient Enterprises Forging Legacies of Excellence and Impact

By
Advertorial Desk
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SHANGHAI, CHINA – Media OutReach Newswire – 19 August 2026 – The Asia Responsible Enterprise Awards (AREA) and Asia Pacific Enterprise Awards (APEA) 2026 China celebrated a new generation of resilient enterprises and visionary leaders forging lasting legacies of excellence and impact. The prestigious dual awards ceremony recognized China’s most outstanding businesses and entrepreneurs who have demonstrated the ability to thrive amid disruption, drive meaningful innovation, and create sustainable value.

Organized by Enterprise Asia, the ceremony was held on 7 August 2026 at Jing An Shangri-La, Shanghai. This year’s recipients exemplified how strategic vision, innovation, and a commitment to positive impact can create lasting value for businesses, communities, and the wider economy.

Following a comprehensive evaluation by a distinguished panel of judges, over 150 nominees were assessed across ten AREA categories and five APEA categories. The AREA celebrated enterprises and leaders who have made significant contributions through responsible business practices and sustainability-driven initiatives. Meanwhile, the APEA recognized organizations and entrepreneurs who have demonstrated exceptional performance, strategic agility, and forward-thinking leadership in shaping the future of business.

In his welcome address, Enterprise Asia President Richard Tsang highlighted the need for enterprises to embrace transformation and responsible growth, noting that resilience, strategic foresight, and purpose-driven leadership remain key to achieving long-term success in an increasingly dynamic global landscape.

Among the outstanding AREA award recipients, Chery Automobile Co., Ltd. was recognized under the Green Leadership category for its Trusted Circular Materials system. By developing advanced recycling networks, digital traceability, and high-value recycled plastics, Chery has recovered over 10,000 tonnes of waste plastics, reduced approximately 9,000 tonnes of CO₂e emissions, and advanced sustainable automotive manufacturing.

Further advancing circular economy practices, SUS ENVIRONMENT won the Circular Economy Leadership award for its City-Benefiting Low-Carbon Solid Waste Management Model, demonstrated through the Xi’an Gaoling Project. By integrating waste-to-energy, district heating, AI-powered operations, and multi-source waste co-processing, the project has processed 5.34 million tonnes of waste, generated 2.24 billion kWh of green electricity, and achieved over 1.92 million tonnes of carbon reductions.

China Hongqiao Group Limited, a three-time consecutive AREA award recipient, has once again received the award under the Circular Economy Leadership category for advancing circular economy development through recycled aluminum. Its closed-loop circular economy model enables recycled aluminum to save approximately 95% of energy and reduce carbon emissions by over 85% compared with traditional electrolytic aluminum.

Honored with the AREA under the Corporate Governance category, E.SUN Bank (China) has embedded transparency and accountability throughout its operations. The bank implemented comprehensive Board meeting records three years ahead of regulatory requirements while strengthening stakeholder disclosure, maintaining a Moody’s Baa1 rating since 2022 and customer satisfaction above 97%.

Demonstrating the power of industry-wide collaboration, The Hong Kong Association of Banks received the AREA under the Social Empowerment category for its Anti-Fraud Education initiative. The initiative reached more than 11,000 people in 2025 and has contributed to strengthen its community outreach, with over 300 activities conducted across Hong Kong to date. According to figures released by the Hong Kong SAR Government, reported deception cases decreased by 2.9% in 2025 compared with 2024, marking the first decline after nine consecutive years of growth.

Bank of China (Hong Kong) Limited was honored with three prestigious awards at the AREA — the Social Empowerment Award, Investment in People Award and Corporate Sustainability Reporting Award, recognizing its exceptional and impactful sustainability practices. The Bank exemplifies a strong commitment to corporate social responsibility through a diverse range of initiatives that promote social inclusion, nurture talent development, and continuously enhance ESG disclosure. These accomplishments highlight its leadership in advancing responsible business practices and establish a new benchmark for excellence within the financial sector.

Techtronic Industries (TTI), a world leader in cordless technology, was awarded two AREA accolades, receiving recognition under the Circular Economy Leadership and Social Empowerment categories. Through its award-winning initiatives, “Advancing Circularity Through Sustainable Product Innovation” and “Empowering Exceptional People and Strengthening Communities” , TTI is creating lasting social impact while accelerating the transition towards a more circular and sustainable future.

As the sole recipient of both the APEA and AREA in 2026, OrbusNeich Medical Group Holdings Limited was recognized under the Corporate Excellence and Health Promotion categories respectively. Operating in more than 70 countries and regions, the Group continues to drive innovation in interventional medical devices while advancing regional clinical capabilities through its cross-border medical education initiative, ultimately improving patient outcomes across Asia-Pacific.

In the APEA segment, Onewo Inc. was honoured under the Corporate Excellence category for redefining space services through technology-driven innovation. Powered by its proprietary “Link X” AI platform, the company manages over 5,300 residential and 3,400 property and facility management projects nationwide,driving the space service industry toward a smarter and more sustainable future.

The AREA and APEA 2025 China Chapter are co-organized by Enterprise Accelerator Co., Ltd. and proudly supported by Eruid (Shanghai) Inspection & Certification Co., Ltd., MayCham China in Shanghai, SingCham Shanghai, Strategic Public Relations Group (SPRG), The Hong Kong Institute of Directors, and Tang Cultural Media. PR Newswire is the official news release distribution partner, with Dailywire.asia as the official media partner and Osin Au Pty Ltd as the official beverage sponsor.

AWARD RECIPIENT LIST OF THE ASIA RESPONSIBLE ENTERPRISE AWARDS (AREA) 2026 CHINA

SOCIAL EMPOWERMENT CATEGORY
ORGANIZATION WINNING ESG PROGRAM
BANK OF CHINA (HONG KONG) LIMITED CHAMPIONING DIVERSITY AND INCLUSION: BOCHK PARA SPORTS AMBASSADOR PROGRAMME
TECHTRONIC INDUSTRIES COMPANY LIMITED EMPOWERING EXCEPTIONAL PEOPLE AND STRENGTHENING COMMUNITIES
THE HONG KONG ASSOCIATION OF BANKS COMBATING FRAUD THROUGH INDUSTRY-WIDE COLLABORATION AND PUBLIC EDUCATION CAMPAIGN
HEALTH PROMOTION CATEGORY
ORGANIZATION WINNING ESG PROGRAM
ORBUSNEICH MEDICAL GROUP HOLDINGS LIMITED ORBUSNEICH MEDICAL EDUCATION PROGRAM
INVESTMENT IN PEOPLE CATEGORY
ORGANIZATION WINNING ESG PROGRAM
BANK OF CHINA (HONG KONG) LIMITED EXEMPLARY EMPLOYER OF EXCELLENCE: BOCHK TALENT DEVELOPMENT PROGRAMME
GREEN LEADERSHIP CATEGORY
ORGANIZATION WINNING ESG PROGRAM
AUO (XIAMEN) CO., LTD. “GREEN MANUFACTURING, SUSTAINABLE FUTURE” AUO (XIAMEN) GREEN TRANSFORMATION PRACTICES
CHEERWIN GROUP LIMITED SUPERB “DUAL-GREEN DRIVE” PLASTIC-REDUCTION & RECYCLING PROGRAM
CHERY AUTOMOBILE CO., LTD. FROM WASTE TO WELLBEING: CHERY’S TRUSTED CIRCULAR PLASTICS SYSTEM
CORPORATE GOVERNANCE CATEGORY
ORGANIZATION WINNING ESG PROGRAM
AUTOHOME INC AUTOHOME SUSTAINABLE CORPORATE GOVERNANCE
E.SUN BANK (CHINA) COMPANY, LTD. THOROUGH CORPORATE GOVERNANCE & EASY-TO-BE-UNDERSTOOD AND DETAILED DISCLOSURE OF INFORMATION
CIRCULAR ECONOMY LEADERSHIP CATEGORY
ORGANIZATION WINNING ESG PROGRAM
CHINA HONGQIAO GROUP LIMITED GREEN LOW-CARBON RECYCLING ALUMINUM
SHANGHAI SUS ENVIRONMENT CO., LTD. SUS ENVIRONMENT “CITY-BENEFITING” LOW-CARBON SOLID WASTE MANAGEMENT MODEL
TECHTRONIC INDUSTRIES COMPANY LIMITED ADVANCING CIRCULARITY THROUGH SUSTAINABLE PRODUCT INNOVATION
CORPORATE SUSTAINABILITY REPORTING CATEGORY
ORGANIZATION WINNING ESG PROGRAM
BANK OF CHINA (HONG KONG) LIMITED A ROLE MODEL FOR ESG DISCLOSURE IN THE FINANCIAL SECTOR: BOCHK SUSTAINABILITY REPORT
SUSTAINABLE INVESTING CATEGORY
ORGANIZATION WINNING ESG PROGRAM
PING AN BANK CO., LTD. FINANCIAL EMPOWERMENT FOR A WASTE-FREE URBAN TRANSFORMATION – PING AN BANK SUPPORTS SHENZHEN TIANYING’S WASTE-TO-ENERGY POWER GENERATION UPGRADE PROJECT
AWARD RECIPIENT LIST OF THE ASIA PACIFIC ENTERPRISE AWARDS (APEA) 2025 CHINA CHAPTER

CORPORATE EXCELLENCE CATEGORY
COMPANY
INDUSTRY
ONEWO SPACE-TECH SERVICE CO., LTD.
REAL ESTATE
ORBUSNEICH MEDICAL GROUP HOLDINGS LIMITED
HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY


About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.

About Asia Pacific Enterprise Awards
Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.
Hashtag: #Business #Sustainability #ESG




Wechat: Enterprise Asia 亚洲企业商会

The issuer is solely responsible for the content of this announcement.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit https://www.enterpriseasia.org/ for more information.

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

By
Laotian Times
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The China-Laos Railway has transported more than 90 million tonnes of cargo since it opened in December 2021, including 18 million tonnes of cross-border goods. (Photo credit: People's Daily)

Trade along the Laos-China Railway continued to grow sharply in the first half of 2026, with imports and exports reaching CYN 17.17 billion (USD 2.53 billion), up 33.8 percent from a year earlier.

The figures, released on 18 August by China Railway Kunming Group Co., Ltd., come as the railway approaches its fifth year of operation and continues to develop into a major regional trade route.

Since trains began running in December 2021, the railway linking Kunming with Vientiane has carried more than 90 million tonnes of freight, including more than 21 million tonnes of cargo transported across the China-Laos border.

Freight volumes have accelerated particularly quickly this year. By mid-June, the railway had already moved more than 10 million tonnes of freight in 2026, more than three times the three million tonnes recorded during the first half of 2025.

The number of trains using the route has grown alongside the cargo. More than 80,000 freight trains have travelled along the railway since its opening, including more than 23,000 cross-border trains.

At its busiest, the railway now handles up to 23 cross-border freight trains a day, according to an official at the Kunming Logistics Center.

The trains can also carry more than they did when the railway first opened. Their capacity has increased from about 2,000 tonnes to as much as 2,800 tonnes per train following upgrades to the route and freight infrastructure.

The railway has also opened new opportunities for trade in agricultural products. Refrigerated trains connecting China, Laos and Thailand have been operating since February 2023, allowing fresh fruit from Southeast Asia to reach Chinese markets in as little as three days.

China imported more than 185,000 tonnes of fruit through the railway in the first half of 2026, a 73.1 percent increase from the same period last year.

The range of goods carried along the railway has expanded at the same time. From just over 10 categories when the line opened, the number has grown to more than 4,000, with goods now reaching 19 countries and regions, including Myanmar, Cambodia, Thailand, Vietnam, Malaysia, Singapore and Bangladesh.

The railway has also connected Laos more closely with China’s wider domestic market, with goods travelling to 31 Chinese provinces.

A wider regional network

The railway’s growth has also brought new investment and expansion along its route.

In June, Boten Railway Station in Luang Namtha Province began its first major expansion and renovation since the railway opened, as freight and passenger traffic continue to increase.

The railway is also becoming part of a wider network beyond Laos and China. In June, Lao railway authorities signed an agreement in Tajikistan for Laos to join an international rail framework linking Vientiane with the Baltic Sea through China, Vietnam, Central Asia and Russia.

For the Laos-China Railway, Chinese and Lao railway authorities have credited closer coordination with the continued rise in freight traffic.

Since its launch, improvements to cross-border operations and increased capacity have helped move more goods through the route, while the growing number of destinations and products has expanded its role in regional trade.

#legend Announces Next Phase of Digital Growth Strategy Under Chairman Bruce Rockowitz

By
Advertorial Desk
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HONG KONG SAR – Media OutReach Newswire – 19 August 2026 – #legend today announced the next phase of its digital growth strategy under Chairman Bruce Rockowitz, with a clear focus on expanding audience engagement, deepening premium multimedia storytelling, and opening new avenues for luxury brands to connect with culturally engaged consumers across Hong Kong, Thailand, and Asia at large.

The announcement marks a meaningful new chapter for a publication that has spent a decade building its reputation as Hong Kong and Thailand’s premier print and digital destination for culture, watches and jewelry, fashion, beauty, and lifestyle. This next phase sharpens that editorial and commercial identity, with a renewed commitment to high-quality digital storytelling, audience development, and brand collaboration that genuinely reflects the world its readers inhabit.

Under Rockowitz’s leadership, #legend is placing fresh emphasis on multimedia content and cross-platform engagement, creating an environment where culturally relevant stories reach readers wherever they choose to consume them. Alongside this, the company is strengthening its offering for premium brand partners through offline content experiences that bring luxury storytelling to life in ways that go beyond the page and the screen.

The strategy draws on #legend’s established editorial foundation and its international creative network of photographers, stylists, writers, and contributors. The combination of sharp local cultural insight and a broader regional perspective is what the publication believes will make its content more dynamic and compelling, for readers and brand partners alike.

With more than a decade in the market, over 500,000 monthly readers, more than 100 cover stories, and upwards of 150 brand partners, #legend enters this next phase from a position of real strength. These foundations are what make continued investment in editorial development, digital reach, and new storytelling formats not just possible, but purposeful.

“#legend was created to tell stories where culture meets lifestyle, and this next phase reflects how we plan to grow that vision in a more connected digital media environment,” said Bruce Rockowitz, Chairman of #legend. “We see strong opportunities to deepen engagement with our audience, expand our multimedia capabilities, and create more value for luxury brands looking to reach consumers through trusted and culturally relevant content.”

The announcement reinforces #legend’s place at the heart of Hong Kong’s premium publishing landscape and signals its ambition to grow that influence across the region. With storytelling, creativity, and audience relevance at the center of everything it does, the company is well positioned to make its editorial impact and commercial opportunities count in the years ahead.

Bruce Rockowitz and AI Development

Bruce Rockowitz has spoken openly about the growing role of artificial intelligence as a practical business tool across wellness, dining, and media. He describes AI as an enabler of revenue growth, customer engagement, operational efficiency, forecasting, personalization, and subscription retention, while remaining clear that technology should support rather than replace human creativity, judgement, and the relationships that sit at the heart of great publishing.

Hashtag: #legend

The issuer is solely responsible for the content of this announcement.

About #legend

#legend is Hong Kong’s premier digital destination for fashion, beauty, culture, and the extraordinary lives of the city’s most influential figures. Founded in Hong Kong, #legend has grown from a local publication into an influential voice in Asian luxury lifestyle media. The platform covers Culture, Watches & Jewellery, Fashion, Travel, Wellness, Design, Beauty, and related verticals, through print, digital, social media, and event experiences, with a mission to celebrate creativity, innovation, and the pursuit of excellence, connects influential audiences with the people, brands, and ideas shaping the future of luxury living.

For more information, visit:

iHerb Kicks Off 30th Anniversary Celebrations in Singapore

By
Advertorial Desk
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SINGAPORE– Media OutReach Newswire – 19 August 2026 – Ahead of its 30th anniversary, iHerb is highlighting probiotics, collagen, B vitamins and everyday care products, alongside an early-bird flash promotion and daily limited-time offers.

Selected products featured as part of iHerb's 30th anniversary celebrations in Singapore.
Selected products featured as part of iHerb’s 30th anniversary celebrations in Singapore.

Founded in the United States, iHerb has spent 30 years connecting consumers with products across vitamins, dietary supplements, sports nutrition, beauty and personal care. Its emphasis on product quality and transparency is reflected in the iHerb Quality Promise, which covers sourcing, ingredient verification, storage standards and additional quality assurance measures.

As wellness routines continue to extend beyond topical skincare, consumers are also paying greater attention to nutrition, supplementation and everyday habits. Ahead of its 30th anniversary celebrations, global health and wellness e-commerce platform iHerb is spotlighting six popular products for Singapore customers. Spanning probiotics, collagen, vitamins, minerals and personal care, the selection addresses a range of needs across beauty, nutrition and general wellness.

Probiotics, Collagen and B Vitamins for Daily Nutrition

California Gold Nutrition LactoBif 30 Probiotics provides 30 billion CFU per serving. The capsule format is designed for convenient daily use and is among the popular products in iHerb’s Probiotics and Intestinal Formulas category.

California Gold Nutrition CollagenUP combines hydrolysed marine collagen peptides, hyaluronic acid and vitamin C. Its unflavoured powder format can be incorporated into beverages as part of a daily supplementation routine.

Doctor’s Best Fully Active B Complex provides a combination of B vitamins for consumers seeking daily nutritional support, particularly those managing busy schedules and active lifestyles. The product is also among the popular items in iHerb’s Vitamin B Complex category.

Additional Products Across Everyday Wellness and Personal Care

ProHealth Longevity NMN Pro 1000 is a nutritional supplement for consumers exploring different approaches to daily supplementation and long-term wellness.

21st Century Calcium Magnesium Zinc + D3 combines calcium, magnesium, zinc and vitamin D3 in a single formula for convenient daily supplementation.

Beyond nutritional supplements, iHerb’s selection extends to personal care and everyday needs. Fixodent Original Denture Adhesive Cream, designed for denture wearers, reflects the breadth of products available on the platform.

30th Anniversary Preview Offers

An early-bird flash promotion will run in Singapore from now to 10:59 p.m. on August 23. Customers will receive 23% off with the promotional code 26IHERB30, while new customers will receive 25% off with NEW25*. Customers placing their first order on the iHerb App can also enjoy an additional one-time 25% off with code MYAPP25
Separately, a daily Flash Sale is run from August 18 to September 16, around 200 selected products will be offered each day at discounts of up to 70%*. No promotional code is required for the daily limited-time offers.

The selection of 200 products will change daily throughout the campaign. On August 19, featured products will include Nature’s Way Alive! Kids Multivitamin Gummies at 40% off and d’Alba UV Essence Waterfull+ Sunscreen. On August 20, the selection will include Nutricost Zeaxanthin with Lutein and ManukaGuard Deep Allercleanse Nasal Spray.

*Final promotional products are subject to availability and as displayed on iHerb. Terms and conditions apply.

iHerb Launches Official WhatsApp Channel in Singapore

iHerb also launched its official WhatsApp channel in Singapore, offering customers another way to receive updates on upcoming campaigns, promotions and other announcements. Customers who join the channel may also be eligible to receive a 25% off coupon*.

*Product availability may vary, and terms and conditions apply. Final promotional products are subject to availability and as displayed on iHerb.

iHerb: A One-Stop Global Health and Wellness Platform

Headquartered in California, USA, iHerb is a global online retailer of health and wellness products. The platform provides Singapore consumers with access to authentic products through a safe and reliable cross-border shopping experience. Products are shipped directly from logistics centres in the United States and Asia, alongside the following delivery and shipping options:

  • Fast delivery: Orders can arrive in as fast as three days.
  • Free shipping: Available on orders over SGD 30. Final availability is subject to the options shown at checkout.
  • Authentic products :Choose from more than 50,000 authentic products across health, wellness, beauty and daily essentials.

The featured products and anniversary preview offers are available through iHerb Singapore at https://sg.iherb.com/.

Hashtag: #iHerb #30thAnniversary #Singapore

The issuer is solely responsible for the content of this announcement.

About iHerb

iHerb is a globally recognised US-based cross-border e-commerce platform specialising in health supplements, nutritional products, beauty and personal care, and daily essentials. Offering a curated selection of more than 50,000 items and serving over 180 countries and regions, iHerb is dedicated to helping consumers worldwide access health and beauty options at reasonable prices. All products are shipped directly from multiple logistics centres in the United States and Asia, with cold-chain and temperature-controlled warehousing used where appropriate. iHerb also continues to enhance its multilingual customer service and localised payment methods to provide a safe, transparent and convenient shopping experience.

Lufax Reports Second Quarter 2026 Financial Results

By
Advertorial Desk
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Represents Key Milestone as Company Executes Plan to Return to a Normal Reporting Cadence

SHANGHAI, Aug. 19, 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

 

 

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