On July 4th, China Net Finance reported that on July 3rd, Ping An officially announced that through its wholly-owned subsidiary, Anke Technology Company Limited (referred to as "Anke Technology") and Ping An Insurance Overseas (Holdings) Limited (referred to as "Ping An Overseas Holdings"), they jointly hold 41.40% of the equity of Lujin Holdings Limited (referred to as "Lujin Holdings").
According to the latest announcement from Ping An in China, Anke Technology and Ping An Overseas Holdings have decided to participate in the special dividend plan of Lujin Holdings through stock dividends (using shares as dividends). This decision means that both parties will jointly acquire 509880257 newly issued shares held by Lujin Holdings, which are expected to be officially listed for trading on the Hong Kong Stock Exchange at 9:00 am on July 31, 2024 (Hong Kong time).
With the completion of the special dividend plan, Ping An China will significantly increase its shareholding ratio through the aforementioned subsidiaries to 56.82%, thus officially making Lujin Holdings a controlling subsidiary of Ping An China and included in its consolidated financial statements.
Ping An China emphasized in the announcement that this change does not have a significant impact on the overall financial condition and operating results of the company. At the same time, on the evening of July 3rd, Lufax Holdings also issued a relevant announcement through the Hong Kong Stock Exchange, announcing its decision to distribute a special dividend in return for the vast number of investors.
The reporter noticed that the full year financial results released by Lujin Holdings in March this year showed that in 2023, Lujin Holdings achieved operating revenue of approximately 34.3 billion yuan (approximately 4.825 billion US dollars) and net profit of 1.034 billion yuan (approximately 146 million US dollars).
The data also shows that as of the end of 2023, Lujin Holdings has served approximately 20.94 million customers, with an empowered loan balance of 315.4 billion yuan and a total of 208 billion yuan in new loans for the year. At the end of 2023, the loan balance of its consumer finance company was 37.1 billion yuan, and the proportion of new loans in consumer finance for the year increased to 34%.