LU vs QFIN
Lufax Holding Ltd. and Qfin Holdings, Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | LU | QFIN |
|---|---|---|
| Revenue | CNY 8.2B | CNY 19.2B |
| Net income | CNY -3.9B | CNY 6.0B |
| Gross margin | · | 84.4% |
| Net margin | −44.2% | 31.1% |
| Return on equity | −4.5% | 24.7% |
| Diluted EPS | · | CNY 22.01 |
| Dividend / share | · | · |
| Payout ratio | −132.6% | · |
| Free cash flow | · | CNY 10.8B |
| Equity | CNY 81.8B | CNY 24.1B |
| Net debt / equity | 0.48× | · |
| Current ratio | · | 2.43× |
| Revenue CAGR 5y | −27.9% | 7.2% |
| Profit CAGR 5y | · | 11.3% |
QFIN bills 2.4× the revenue of LU, and LU closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | LU | QFIN |
|---|---|---|
| FY2024 | CNY 8.2B | CNY 17.2B |
| FY2023 | CNY 15.3B | CNY 16.3B |
| FY2022 | CNY 29.2B | CNY 16.6B |
| FY2021 | CNY 38.3B | CNY 16.6B |
| FY2020 | CNY 41.2B | CNY 13.6B |
| FY2019 | CNY 41.9B | CNY 9.2B |
| FY2018 | CNY 32.2B | CNY 4.4B |
Bottom line
| Fiscal year | LU | QFIN |
|---|---|---|
| FY2024 | CNY -3.9B | CNY 6.2B |
| FY2023 | CNY 809.6M | CNY 4.3B |
| FY2022 | CNY 7.8B | CNY 4.0B |
| FY2021 | CNY 16.8B | CNY 5.8B |
| FY2020 | CNY 12.4B | CNY 3.5B |
| FY2019 | CNY 13.3B | CNY 2.5B |
| FY2018 | CNY 13.6B | CNY 1.2B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −CNY 9,004,634,000 | QFIN |
| FY2023 | −CNY 971,283,000 | QFIN |
| FY2022 | +CNY 12,660,683,000 | LU |
| FY2021 | +CNY 21,658,672,000 | LU |
| FY2020 | +CNY 27,657,888,000 | LU |
| FY2019 | +CNY 32,709,230,000 | LU |
| FY2018 | +CNY 27,774,421,000 | LU |
The higher-revenue side has changed between LU and QFIN over this period. The gap has narrowed since the earliest year compared.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −80.6 pp | QFIN |
| FY2023 | −20.0 pp | QFIN |
| FY2022 | +2.7 pp | LU |
| FY2021 | +9.0 pp | LU |
| FY2020 | +4.0 pp | LU |
| FY2019 | +4.6 pp | LU |
| FY2018 | +15.3 pp | LU |
The higher net margin has changed hands between LU and QFIN over this period.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LU's net margin has been more volatile than QFIN's over the 7 comparable fiscal years — 28.4 percentage points of standard deviation against 4.4.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LU and QFIN over these 7 fiscal years — LU led in 5 and QFIN in 2.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LU's return on equity has been more volatile than QFIN's over the 7 comparable fiscal years — 14.7 percentage points of standard deviation against 10.4.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
QFIN led in return on equity in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.