客观解读陆金所控股申请年报延期：审计合规推进，核心指标彰显经营韧性

Core Viewpoint - The announcement by Lufax Holdings regarding the extension of the submission deadline for the 2024 Form 20-F to April 30, 2026, is primarily driven by the objective need for audit work, reflecting the company's commitment to ensuring the quality and accuracy of its financial reporting [1][3][8]. Audit Delay - The delay in the annual report submission is attributed to the change in the auditing firm, with Ernst & Young appointed as the new auditor on June 25 this year, necessitating a comprehensive audit covering three full years from 2022 to 2024 [3][8]. - The management has expressed full cooperation in completing all necessary procedures, and the extension request has been approved by the New York Stock Exchange [3][8]. Business Performance - Lufax Holdings reported significant growth in key operational metrics for Q3 2025, with total new loans amounting to 56.9 billion, a year-on-year increase of 12.8%, and consumer finance loans reaching 31.7 billion, up 20.1% [5][8]. - The number of borrowers increased from approximately 24.8 million to 28.5 million, reflecting a growth rate of 15.3%, indicating a solid foundation for long-term business growth [5][8]. Risk Management and Governance - The resignation of the former Chief Risk Officer is a normal personnel change, with the new Chief Risk Officer bringing extensive experience in risk management from various financial institutions [6][8]. - The company has implemented measures to enhance its internal control processes, including optimizing the board structure and establishing internal control enhancement committees, which will strengthen its risk management capabilities [6][8]. Conclusion - Overall, the delay in the annual report is a compliance measure due to audit requirements rather than a signal of operational risk, with robust growth in core business and improvements in risk management indicating a solid operational foundation [8][9].