Core Viewpoint - Lufax Holdings (6623.HK, NYSE: LU) has released its annual performance report for the year ending December 31, 2024, showcasing improvements in asset quality and operational resilience despite ongoing internal control rectification efforts [1][2]. Group 1: Financial Performance - As of December 2024, the loan balance enabled by Lufax reached 216.9 billion yuan, with a net addition of 21.31 billion yuan in loans for the year [1]. - The total number of customers served by Lufax reached 25.9 million, with 5 million active customers [1]. - The 30-day overdue loan rate improved from 6.9% in 2023 to 4.8% in 2024, while the 90-day overdue rate decreased from 4.1% to 2.9% [1]. - Credit impairment losses recorded were 12.613 billion yuan, a year-on-year decrease of 0.7%, attributed to reduced loan claims and overall asset quality improvement [1]. Group 2: Business Development - The consumer finance segment has emerged as a new growth engine, with a loan balance of 59.6 billion yuan by the end of 2025, reflecting a year-on-year growth of 19.0% [2]. - In Q4 2025, new loans amounted to 28.7 billion yuan, representing a year-on-year increase of 7.4% [2]. - The proportion of loans assumed by the company has increased to 91.4%, indicating enhanced capabilities in risk pricing and asset quality management [2]. Group 3: Governance and Audit - Lufax announced a board personnel adjustment, with Ji Xiang set to become the executive director and CEO starting April 1, 2025, bringing nearly 20 years of experience in retail credit and risk management [2]. - The company has accelerated the release of its annual report, completing the audit process earlier than the previously approved deadline of April 30, 2026 [1].