Earnings ForecastEarnings forecasts have been trimmed due to a delayed business turnaround and weaker-than-expected loan growth, suggesting prolonged financial difficulties.
Financial PerformanceLufax's loss before tax widened significantly from -RMB364mn to -RMB718mn, indicating worsening financial performance.
Loan GrowthNew loans experienced a decline of 15.5% year-over-year and 6.0% quarter-over-quarter, reflecting challenges in business growth.