Unseen, a company that makes money can fall into something like this

Shanghai Securities Report ChinasecuritiesInternet News (Reporter Wei Qian) On November 14th,Lujin Holdings(NYSE:LU; 06623.HK) released its 2023 Q3 Earnings Report on November 14. Financial reports show thatLujin HoldingsIn the third quarter, it achieved revenue of approximately 8.1 billion yuan.net profit$1.31 billion.

　　Lujin HoldingsAs explained in the financial report,Add a loanStable asset quality and cost optimization are the main reasons why Lujin Holdings maintains profits. Financial reports show that credit impairment losses in the third quarter decreased by 24.1% year on year, and total expenses for the third quarter decreased by 30.1% year on year.