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v3.23.1

History And Organization of The Group (Tables) | 12 Months Ended
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Dec. 31, 2022
Text block [abstract] |
Disclosure of direct and indirect interests in the principal subsidiaries and our principal consolidated affiliated entities |
(a) | As of December 31, 2021, the Company had direct or indirect interests in the principal subsidiaries and the principal consolidated affiliated entities as below.
Company Name |  | Country/place and date of incorporation |  | Attributable equity interest/economic interest to the Group |
Controlled through direct equity holding: |  |  |  |  |  |
Gem Blazing Limited |  | Cayman/May 28, 2015 |  |  | 100 | %
Wincon Hong Kong Investment Company Limited |  | Hong Kong/December 29, 2014 |  |  | 100 | %
Weikun (Shanghai) Technology Service Co., Ltd. (“Weikun Technology”) |  | Shanghai/February 28, 2015 |  |  | 100 | %
Jinjiong (Shenzhen) Technology Service Company Ltd. |  | Shenzhen/October 16, 2017 |  |  | 100 | %
Lufax Holding (Shenzhen) Technology Service Co., Ltd. |  | Shenzhen/September 25, 2018 |  |  | 100 | %
Gem Alliance Limited |  | Cayman/May 26, 2015 |  |  | 100 | %
Harmonious Splendor Limited |  | Hong Kong/June 1, 2015 |  |  | 100 | %
Ping An Puhui Financing Guarantee Co., Ltd (“Puhui Guarantee”) |  | Nanjing/December 25, 2007 |  |  | 100 | %
Ping An Puhui Enterprises Management Co., Ltd. |  | Shenzhen/July 7, 2015 |  |  | 100 | %
Ping An Puhui Investment & Consulting Co., Ltd. |  | Shenzhen/September 5, 2005 |  |  | 100 | %
Shenzhen Ping An Puhui Microloan Co., Ltd. |  | Shenzhen/September 19, 2010 |  |  | 100 | %
Ping An Puhui Information Services Co., Ltd. |  | Harbin/July 18, 2016 |  |  | 100 | %
Ping An Consumer Finance Co., Ltd. |  | Shanghai/April 9, 2020 |  |  | 70 | %
Controlled through Contractual Agreements : |  |  |  |  |  |
Shanghai Xiongguo Enterprise Management Co., Ltd. (“Xiongguo”) |  | Shanghai/December 10, 2014 |  |  | 100 | %
Shanghai Lufax Information Technology Co., Ltd. |  | Shanghai/September 29, 2011 |  |  | 100 | %
Shenzhen Lufax Holding Enterprise Management Co., Ltd. |  | Shenzhen/May 23, 2018 |  |  | 100 | %
The English names of certain subsidiaries of the Group represent the best effort by the Company’s management to translate their Chinese names, as these subsidiaries do not have official English names.
(b) | As of December 31, 2022, the Company had direct or indirect interests in the principal subsidiaries and the principal consolidated affiliated entities as below.
Company Name |  | Country/place and date of incorporation |  | Attributable equity interest/economic interest to the Group |
Controlled through direct equity holding: |  |  |  |  |  |
Gem Blazing Limited |  | Cayman/May 28, 2015 |  |  | 100 | %
Wincon Hong Kong Investment Company Limited |  | Hong Kong/December 29, 2014 |  |  | 100 | %
Weikun (Shanghai) Technology Service Co., Ltd. (“Weikun Technology”) |  | Shanghai/February 28, 2015 |  |  | 100 | %
Jinjiong (Shenzhen) Technology Service Company Ltd. |  | Shenzhen/October 16, 2017 |  |  | 100 | %
Lufax Holding (Shenzhen) Technology Service Co., Ltd. |  | Shenzhen/September 25, 2018 |  |  | 100 | %
Gem Alliance Limited |  | Cayman/May 26, 2015 |  |  | 100 | %
Harmonious Splendor Limited |  | Hong Kong/June 1, 2015 |  |  | 100 | %
Ping An Puhui Financing Guarantee Co., Ltd. |  | Nanjing/December 25, 2007 |  |  | 100 | %
Ping An Puhui Enterprises Management Co., Ltd. |  | Shenzhen/July 7, 2015 |  |  | 100 | %
Chongqing Jinan Microloan Co., Ltd. |  | Chongqing/December 25, 2014 |  |  | 100 | %
Ping An Puhui Investment & Consulting Co., Ltd. |  | Shenzhen/September 5, 2005 |  |  | 100 | %
Ping An Puhui Information Services Co., Ltd. |  | Harbin/July 18, 2016 |  |  | 100 | %
Ping An Consumer Finance Co., Ltd. |  | Shanghai/April 9, 2020 |  |  | 70 | %
Controlled through Contractual Agreements: |  |  |  |  |  |
Shanghai Xiongguo Enterprise Management Co., Ltd. (“Xiongguo”) |  | Shanghai/December 10, 2014 |  |  | 100 | %
Shanghai Lufax Information Technology Co., Ltd. |  | Shanghai/September 29, 2011 |  |  | 100 | %
Shenzhen Lufax Holding Enterprise Management Co., Ltd. |  | Shenzhen/May 23, 2018 |  |  | 100 | %
Disclosure of the major consolidated structured entities other than consolidated affiliated entities of the group |
(c) | The following table sets forth the major consolidated structured entities other than Consolidated Affiliated Entities of the Group as of December 31, 2022.
Name |  | Amount of investment by the Group |  |  | Remaining paid-in capital of structured entities (i) |
|  | RMB’000 |  |  | RMB’000 |
Trust A |  |  | 4,020,000 |  |  |  | 4,020,000 |
Trust B |  |  | 2,490,000 |  |  |  | 2,490,000 |
Trust C |  |  | 2,430,000 |  |  |  | 2,430,000 |
Trust D |  |  | 1,960,000 |  |  |  | 1,960,000 |
Trust E |  |  | 1,600,000 |  |  |  | 1,600,000 |
Trust F |  |  | 1,501,000 |  |  |  | 1,501,000 |
Trust G |  |  | 1,110,000 |  |  |  | 1,110,000 |
Trust H |  |  | 18,000 |  |  |  | 1,105,645 |
Trust I |  |  | 1,100,000 |  |  |  | 1,100,000 |
Trust J |  |  | 18,000 |  |  |  | 1,049,772 |
Ping An Group also made investments in these structured entities. Meanwhile, Ping An Group also provides certain services to certain consolidated structure entities.
(i) | The remaining paid-in capital is the amount not yet paid to the investors.
Disclosure of balance sheet details of consolidated affiliated entities and their subsidiaries |
(f) | The following are major financial statements amounts and balances of the Group’s Consolidated Affiliated Entities and their consolidated subsidiaries as of December 31, 2021 and 2022 and for the three years ended December 31, 2022.
|  | As of December 31, |
|  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |
Assets arising from inter-company transactions |  |  | 3,911 |  |  |  | 10,328 |
Amount due from Group companies |  |  | 535,200 |  |  |  | 2,412,424 |
Total assets |  |  | 21,721,834 |  |  |  | 14,147,082 |
Amount due to Group companies |  |  | 19,827,134 |  |  |  | 14,625,366 |
Total liabilities |  |  | 24,101,238 |  |  |  | 16,951,253 |
Disclosure of cash flow summary and income summary of consolidated affiliated entities and subsidaries |
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Inter-company revenues |  |  | (70,159 | ) |  |  | 5,249 |  |  |  | 156,029 |
Total income |  |  | 1,571,968 |  |  |  | 1,566,847 |  |  |  | 966,196 |
Inter-company expenses |  |  | 1,012,435 |  |  |  | 1,422,021 |  |  |  | 540,809 |
Total expense |  |  | (1,714,084 | ) |  |  | (2,213,789 | ) |  |  | (1,359,876 | )
Net loss |  |  | (142,116 | ) |  |  | (646,942 | ) |  |  | (393,680 | )
Inter-company cash flow |  |  | (1,151,110 | ) |  |  | 1,369,172 |  |  |  | (625,594 | )
Reclassification (i) |  |  | — |  |  |  | 327,497 |  |  |  | 1,487,448 |
Other operating activities |  |  | 1,835,668 |  |  |  | (653,230 | ) |  |  | (916,309 | )
Net cash generated from/(used in) operating activities |  |  | 684,558 |  |  |  | 1,043,439 |  |  |  | (54,455 | )
Inter-company cash flow |  |  | 501,185 |  |  |  | (735,327 | ) |  |  | 564,266 |
Reclassification (i) |  |  | — |  |  |  | (327,497 | ) |  |  | (1,487,448 | )
Payment for advances to consolidated entities |  |  | (240,000 | ) |  |  | (500,000 | ) |  |  | — |
Receipts of repayment of the advances from consolidated entities |  |  | 4,813,732 |  |  |  | 1,064,669 |  |  |  | 158 |
Proceeds from sale of investment assets |  |  | 16,449,825 |  |  |  | 20,633,784 |  |  |  | 9,229,963 |
Payment for acquisition of investment assets |  |  | (28,402,132 | ) |  |  | (9,440,542 | ) |  |  | (5,675,189 | )
Other investing activities |  |  | (697,316 | ) |  |  | (4,826,844 | ) |  |  | 5,543,944 |
Net cash generated from/(used in) investing activities |  |  | (7,574,706 | ) |  |  | 5,868,243 |  |  |  | 8,175,694 |
Repayment for advances to consolidated entities |  |  | (9,031,546 | ) |  |  | (17,114,012 | ) |  |  | (10,755,583 | )
Receipts of advances from consolidated entities |  |  | 16,096,040 |  |  |  | 9,774,001 |  |  |  | 4,617,000 |
Proceeds from borrowings |  |  | 531,162 |  |  |  | 572,000 |  |  |  | — |
Repayment of interest expenses and borrowings |  |  | (275,959 | ) |  |  | (664,880 | ) |  |  | (436,274 | )
Other financing activities |  |  | — |  |  |  | (474 | ) |  |  | (1,000 | )
Net cash generated from/(used in) financing activities |  |  | 7,319,697 |  |  |  | (7,433,365 | ) |  |  | (6,575,857 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | (14 | ) |  |  | (15 | ) |  |  | 21 |
Net increase/(decrease) in cash |  |  | 429,535 |  |  |  | (521,698 | ) |  |  | 1,545,403 |
Cash at the beginning of the year |  |  | 996,523 |  |  |  | 1,426,058 |  |  |  | 904,360 |
Cash at the end of the year |  |  | 1,426,058 |  |  |  | 904,360 |  |  |  | 2,449,763 |
(i) | This represents the reclassification of certain cash flows that were considered as investing activities in the financial statements of consolidated entities and consolidated affiliated entities’ subsidiaries and as operating activities in the consolidated financial statements of the Group.

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