LU (LU) financial statements
LU reported revenue of 8.2B CNY in fiscal 2024, down 20.5% a year over 6 years.
Net income was -3.9B CNY.
The diluted share count fell 100% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions (CNY).
Income statement
Fiscal years, in CNY, from LU's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 32.2B CNY | 41.9B CNY | 41.2B CNY | 38.3B CNY | 29.2B CNY | 15.3B CNY | 8.2B CNY |
| Selling, general and admin | 2.8B CNY | 2.9B CNY | 3.0B CNY | 3.6B CNY | 2.9B CNY | 2.4B CNY | 2.0B CNY |
| Interest expense | 900M CNY | 1.5B CNY | 2.9B CNY | 996M CNY | 1.2B CNY | 349M CNY | 85M CNY |
| Pre-tax income | 18.6B CNY | 19.4B CNY | 17.9B CNY | 23.4B CNY | 12.0B CNY | 1.6B CNY | -2.1B CNY |
| Income tax | 5.1B CNY | 6.1B CNY | 5.6B CNY | 6.7B CNY | 4.2B CNY | 635M CNY | 1.5B CNY |
| Net income | 13.6B CNY | 13.3B CNY | 12.4B CNY | 16.8B CNY | 7.8B CNY | 810M CNY | -3.9B CNY |
| EPS (diluted) | 12.65 CNY | 12.27 CNY | 11.10 CNY | — | 6.78 CNY | 0.71 CNY | — |
| Diluted shares | 1076.87B | 1086.70B | 1.13B | 1.36B | 1.15B | 1.15B | 1.40B |
| Net margin | 42.3% | 31.8% | 30.0% | 43.9% | 26.6% | 5.3% | -47.4% |
Balance sheet
Fiscal years, in CNY, from LU's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | 18.6B CNY | 7.3B CNY | 23.8B CNY | 26.5B CNY | 29.6B CNY | 18.6B CNY | 11.8B CNY |
| Property, plant and equipment | — | 517M CNY | 424M CNY | 380M CNY | 330M CNY | 186M CNY | 64M CNY |
| Goodwill | 9.1B CNY | 9.0B CNY | 9.0B CNY | 8.9B CNY | 8.9B CNY | 8.9B CNY | 9.2B CNY |
| Total assets | — | 149.5B CNY | 248.9B CNY | 360.4B CNY | 351.0B CNY | 234.4B CNY | 203.5B CNY |
| Total liabilities | — | 101.4B CNY | 165.7B CNY | 265.9B CNY | 257.3B CNY | 141.9B CNY | 119.9B CNY |
| Shareholders' equity | 34.9B CNY | 48.0B CNY | 81.6B CNY | 93.1B CNY | 92.1B CNY | 90.9B CNY | 81.8B CNY |
| Net debt | -18.6B CNY | -7.3B CNY | -23.8B CNY | -26.5B CNY | -29.6B CNY | -18.6B CNY | -11.8B CNY |
Cash flow
Fiscal years, in CNY, from LU's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -1.5B CNY | 2.2B CNY | 7.1B CNY | 5.0B CNY | 5.0B CNY | 12.7B CNY | 1.8B CNY |
| Dividends paid | 0 CNY | 0 CNY | 0 CNY | 0 CNY | 7.7B CNY | 1.4B CNY | 5.1B CNY |
| Share buybacks (net) | — | 0 CNY | 0 CNY | -6.4B CNY | 0 CNY | 0 CNY | — |
| Net borrowing | -9.8B CNY | -2.2B CNY | 7.7B CNY | 5.5B CNY | 3.3B CNY | -3.3B CNY | -5.2B CNY |
| Dividends per share | — | — | — | — | 6.73 CNY | 1.25 CNY | 3.68 CNY |
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What was LU's revenue in 2024?
8.2B CNY in fiscal 2024, from its 10-K filing.
From LU's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.