LU Q3 2020 Earnings Report — Lufax Holding Ltd Revenue & Financial Results | Market Cap Arena

Lufax Holding LtdLU

Q3 2020 Earnings

Reported December 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$1.7B	$1.6B	$1.5B	2.9%	10.8%
Op. Income	$529M	$635M	$685M	-16.7%	-22.8%
Gross Margin	77.3%	90.7%	93.1%	-13.4pp	-15.8pp
Net Margin	19.1%	27.8%	33.1%	-8.7pp	-14.0pp
EPS (Diluted)	$1.05	$1.65	$1.82	-36.6%	-42.6%
Free Cash Flow	$734M	$227M	$196M	223.7%	275.0%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$380M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$630M
General & Administrative	$164M
SG&A Expenses	$794M
Other Expenses	-$29M
Operating Expenses	$765M
Cost & Expenses	$1.1B
OPERATING INCOME	$529M
Interest Income	$353M
Interest Expense	$241M
Other Income/Expenses	$0
INCOME BEFORE TAX	$529M
Income Tax Expense	$214M
Net Income from Continuing Ops	$315M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$319M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$319M
D&A	$0
EBIT	$529M
EBITDA	$529M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$380M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$630M
General & Administrative	$164M
SG&A Expenses	$794M
Other Expenses	-$29M
Operating Expenses	$765M
Cost & Expenses	$1.1B
OPERATING INCOME	$529M
Interest Income	$353M
Interest Expense	$241M
Other Income/Expenses	$0
INCOME BEFORE TAX	$529M
Income Tax Expense	$214M
Net Income from Continuing Ops	$315M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$319M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$319M
D&A	$0
EBIT	$529M
EBITDA	$529M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$319M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$415M
Change in Working Capital	$0
OPERATING CASH FLOW	$734M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$455M
NET CASH FROM FINANCING	$455M
FREE CASH FLOW	$734M
Net Change in Cash	-$165M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$3.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.7B
PP&E (Net)	$215M
Goodwill	$1.3B
Intangible Assets	$275M
Long-Term Investments	$19.6B
Tax Assets	$424M
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$24.9B
TOTAL ASSETS	$30.6B
Account Payables	$910M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$910M
Long-Term Debt	$4.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$830M
Other Non-Current Liabilities	$15.5B
TOTAL NON-CURRENT LIABILITIES	$20.8B
TOTAL LIABILITIES	$21.7B
Common Stock	$10.1K
Additional Paid-In Capital	$2.1B
Retained Earnings	$5.7B
Treasury Stock	-$292
Accum. Other Comp. Income	$937M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.7B
Minority Interest	$238M
TOTAL EQUITY	$8.9B
TOTAL LIABILITIES & EQUITY	$30.6B
Total Debt	$4.5B
Net Debt	$2.4B