OneConnect Financial Technology Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It offers digital retail banking, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services. The company also operates gamma core banking system, a customer centric solution; digitalized management platform that offers digital infrastructure for financial institutions to manage various aspects of their business, including data, smart operation, comprehensive risk, and asset and liability management, as well as accounting, personnel, and office management; Gamma FinCloud, an open PaaS and IaaS platform for ready-to-integrate financial technology components; and Blockchain network-as-a-service. In addition, it operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; and offers asset management and consulting services. The company serves customers in the financial services industry, including banking, insurance, and other financial institutions. It has a strategic agreement with the Hainan Local Financial Supervision Administration to develop smart financial and smart supervision services in the island province of Hainan, as well as the financial sector in Hainan free trade port. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China.

OneConnect Financial Technology Co., Ltd.

OneConnect provides technology and business solutions for financial institutions, focusing on digital banking, digital insurance, and integrated digital infrastructure.

IT Services and IT Consulting

OneConnect Financial Technology

OneConnect Smart Technology | 8,761 followers on LinkedIn. Technology Creates Value through Expertise | OneConnect Financial Technology Co. Ltd. is a technology-as-a-service platform for financial institutions. We are a Chinese national high-tech enterprise and was listed on the New York Stock Exchange in 2019 (NYSE: OCFT).

Strategic investment | Investor Relations | Private Equity | ex-Roland Berger | ex-Ernst & Young

Yifan Li

Ping An Asset Management Company - Financial & Planning Controller

Agatha Liu

Deputy Director at Ping An OneConnect / Fintech Strategy

Sylvia Siwen Fan, CFA

Research Manager

Sisi XIA

OneConnect Smart Technology

Recently, the team from Wholesale Chief Operating Officer’s Office of Hang Seng Bank visited the Ping An Financial Building (PAFC) in Shenzhen where they were received by Daniel Ling, the general manager of Ping An OneConnect Hong Kong (HKOC), and his team. Hang Seng Bank is one of the leading domestic banks in Hong Kong and a very important partner of OneConnect. The two sides had a positive exchange on topics such as RM's business development support, SME smart loan, credit data, and jointly discussed how to harness the power of AI and analysis and transformation potential of using it in wholesale digital banking. In the visit, OneConnect Hong Kong actively showcased the lasted technological products, fostering collaboration and knowledge sharing with peers in banking digitalization. OneConnect is committed to driving innovation and enhancing the digital transformation journey for banks in Hong Kong. It is hoped that there will be more exchanges and cooperation between Hang Seng Bank and OneConnect in the future. For more information about OneConnect and our initiatives in the fintech space, please visit our website or contact us directly. Website: https://www.ocft.com/en/ Email: contact.hk@ocft.com #HANGSENGBANK #OneConnect

OneConnect Financial Technology Co., Ltd. Announces Appointment of General Manager OneConnect Financial Technology Co., Ltd. (the “Company” or “OneConnect”) today announces that the board of directors of the Company has appointed Mr. Xiao Tang (“Mr. Tang”) as the general manager of the Company, effective from October 10, 2024. Mr. Tang has over 20 years experience in banking services. Prior to joining the Company, Mr. Tang served as an executive director and the president of BOC Financial Technology Co., Ltd. from December 2020 to September 2024. Before that, Mr. Tang served as the general manager of customer service department of Wuhan business group and a vice president of the Suzhou subsidiary of CCB Fintech Co., Ltd. from April 2018 to November 2020. From July 2001 to April 2018, Mr. Tang served in different positions of China Construction Bank, including deputy department head of the testing and promotion department of Wuhan data center, and head of the innovation department. Mr. Tang received his bachelor’s degree in electronic information from Wuhan University of Technology in 2001 and his MBA from Huazhong University of Science and Technology in 2006. Mr. Chongfeng Shen, the Company’s chief executive officer and chairman of the board would like to welcome Mr. Tang to join the Company as the general manager, and believes his extensive experience and expertise will further promote the development of the Company and bring OneConnect to its next chapter of growth.

🚀 Singapore Marketing Update: Thrilled to engage with CIMB Group! ❤️ A big shoutout to @MatthewChen for leading an impactful meeting with CIMB CEO Effendy and his team from Malaysia at our Shanghai office! Our extensive pre-discussions paid off, and their interest in our automotive finance ecosystem is truly exciting! 💼 🤖 We brought in our auto insurance team to enrich the conversation, sharing insights into products like Car Loan App, Ping An Car Owner, and more. The CIMB team was highly engaged and eager to explore how our solutions can power their competitive edge in Malaysia 🇲🇾. 🔥 Looking forward to the next steps as we accelerate our partnership! 💪✨ #CIMBGroup #AutomotiveFinance #Innovation #PingAn #Collaboration #BusinessGrowth #Teamwork #FutureReady

PingAn’s OneConnect Hong Kong is honored to participate in The 16th Hong Kong Institute of Bankers (HKIB) Banking Conference recently. The summit gathered over 800 banking professionals from local institutions. During this esteemed gathering, our General Manager of OneConnect Hong Kong, Daniel Ling, engaged in a thought-provoking sharing with other distinguished speakers. The discussion centered on harnessing the power of AI and Analytics and the transformative potential of using it in digital banking. Daniel also shares his thoughts on AI-driven initiatives promise to revolutionize various facets of financial services, from expediting transaction processing to providing more personalized and responsive customer support. By harnessing the power of machine learning and predictive analytics, OneConnect envisions a future where financial institutions can dramatically improve their operational efficiency while simultaneously enhancing the customer experience. In addition to the conference, OneConnect Hong Kong actively showcased the latest technological products, fostering collaboration and knowledge sharing with peers in the industry. OneConnect is committed to driving innovation and enhancing the digital transformation journey for banks in Hong Kong. For more information about OneConnect and our initiatives in the fintech space, please visit our website or contact us directly. Website: https://www.ocft.com/en/ Contact: contact.hk@ocft.com #OneConnect #HKIB2024

Ping An OneConnect is honored to be invited to participate in the 2024 East Asia Insurance Conference (EAIC) held in Hong Kong from 1962 to 2024. As one of the largest insurance industry events in the Asia-Pacific region, this conference brings together numerous global leaders in the insurance and finance sectors to discuss the profound impact of digital transformation and innovation on industry development. As a leading fintech platform, OneConnect is committed to empowering the insurance industry’s digital transformation through technological innovation. This conference not only provided OneConnect with the opportunity to showcase its advanced solutions but also facilitated in-depth exchanges with industry experts on trends, business and technology innovations, and cross-boundary collaboration. As a key segment of this conference, OneConnect was invited to participate in the panel discussion “The Greater Bay Area: A dynamic ecosystem fostering growth & innovation for the insurance industry.” On the panel, Hannah Zhu, our strategy head to CTO, joined Joanna Wong from 德勤 , Jason Chou from Chubb Life Hong Kong , and Thomas Poon from Alibaba Cloud to unpack what it means to be the highest volumed and most complex GBA regions in the insurance industry, and the vast opportunity it brings to the region, insurance and FinTech sectors. During the discussion, Hannah shared the company's practical experience and technological achievements in the GBA's insurance ecosystem. Hannah highlighted that the GBA, with its unique policy support and geographic advantages, is rapidly becoming a global center for growth and innovation in the insurance industry. Hannah emphasized the indispensable role of fintech in driving the digital transformation of the GBA’s insurance ecosystem, particularly in cross-border financial services and intelligent risk management, with OneConnect’s innovative technologies providing more efficient solutions for insurance companies. Additionally, Hannah stressed the importance of the retirement and health ecosystem, noting that as the population ages, integrating health and pension services will be crucial in addressing the needs of an increasingly elderly demographic in the region. By leveraging technology, OneConnect aims to enhance the accessibility and efficiency of healthcare and retirement services, thereby contributing to the overall well-being of the community. “The GBA is the core region for innovation in the insurance industry, and technological advancements open up unprecedented opportunities for us. OneConnect will continue to focus on empowering the long-term growth and innovation of the insurance industry in the GBA through technology,” concluded Hannah. #EAIC2024 The Hong Kong Federation of Insurers 德勤 Chubb Life Hong Kong Alibaba Cloud #GBA #InsuranceTransformation #InsureroftheFuture #Ecosystem #Healthcare

Wanna know what we do at OneConnect InsurTech, and large scale adopted transformation success? 🤔 Here's what we do.👇 OneConnect InsurTech solution offers to help insurers support their agents and team managers succeed in today's competitive insurance market space. 💪

OneConnect, an associate to Ping An Group, is expanding internationally and we are delighted to welcome Ferhad Patel as the Senior Advisor for international markets, especially in the EMEA InsurTech space. Ferhad's expertise in driving growth and managing intricate negotiation will be instrumental in enhancing our international market presence and delivering exceptional value to your clients. Welcome!

Come check out One Connect's InsurTech events recap H1 2024. We are thrilled to have joined many peer industry leaders at various InsurTech themed events first half of 2024, and we look forward to meeting more of you in the upcoming months! As an associate to PING AN , OneConnect vows to deliver real business value-add technology solutions to insurers in the global markets, drawing best practices relevancy from large scale proven transformation successes in China. We thank our OneConnect CTO Jeff Jie Li, Singapore leadership team by Matthew Chen , Hong Kong leadership team by Daniel Ling , Strategy Head to CTO Hannah Zhu, and Overseas InsurTech Head Evan Wu , for sharing our transformation experiences via presentations and panel discussions. Contact 孙静文 if you want to retain a copy of shared material. Cheers! One Connect

OneConnect hosted Bank Rakyat during their visit to Shenzhen OneConnect is honoured to host Bank Rakyat Malaysia during their visit to Shenzhen. The visit kicked off with an extensive tour of Ping An Technology Experience Center where we showcase Ping An OneConnect’s innovative technologies and latest advancement in Fintech solutions, illustrating how AI solutions improves productivity and enhances customers user experience Following the tour, we delve deeper into a comprehensive discussions focusing on AI use cases and analysis of the current & emerging risk factors specific to lending, data sharing, loan Origination and more. The tour is concluded with a walk at the Sky Park on level 116 - a scenic skyline and magnificent views of the beautiful city #OCFT #OneConnet OneConnect Financial Technology Matthew Chen (陈宏峻)

PingAn OneConnect Hong Kong (HKOC) was honoured to participate in the 19th Technology Forum held by the Digital Policy Office (DPO) at the Hong Kong Science Park on July 30th. The forum featured over 40 Hong Kong government departments, more than 200 government officials and 12 leading technology companies. Mr. Daniel SO represented as OneConnect HongKong’s Project Director, shared his on-the-ground IT experiences in achieving the high availability of public services in collaboration with PingAn Group, by highlighting the development robust technology solutions（信創）that can support the reliability requirements of critical public service systems. The sharing contents included information security and data platform construction, an individual booth was also set up to introduce products and solutions to the attendees. The participation in this forum underscores HKOC's commitment to supporting the development of digital public services in Hong Kong. OneConnect is poised to solidify the status as a trusted and indispensable technology partner for the government, and strengthen the position as a provider of innovative technology solutions for the public sector in Hong Kong. #OneConnect #信創 #壹賬通 #壹賬通香港

	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	581.91M -	1.41B 142.90%	2.33B 64.69%	3.31B 42.29%	4.13B 24.76%	4.46B 8.03%	3.67B 17.84%
cost of revenue	482.54M -	1.02B 112.39%	1.56B 52.31%	2.07B 32.53%	2.70B 30.30%	2.83B 4.94%	2.32B 18.06%
gross profit	99.37M -	388.63M 291.08%	766.86M 97.33%	1.24B 62.15%	1.44B 15.54%	1.64B 13.81%	1.35B 17.47%
selling and marketing expenses	208.03M -	441.93M 112.43%	635.67M 43.84%	629.49M 0.97%	588.38M 6.53%	411.36M 30.09%	275.35M 33.06%
general and administrative expenses	270.27M -	522.02M 93.14%	756.68M 44.95%	834.92M 10.34%	841.68M 0.81%	824.71M 2.02%	504.97M 38.77%
selling general and administrative expenses	478.31M -	963.95M 101.53%	1.39B 44.44%	1.46B 5.17%	1.43B 2.34%	1.24B 13.57%	780.32M 36.87%
research and development expenses	537.23M -	459.18M 14.53%	956.10M 108.22%	1.17B 22.72%	1.35B 15.32%	1.42B 4.78%	955.20M 32.62%
other expenses	-3.98M -	200.54M 5,139.98%	74.25M 62.97%	-58.43M 178.69%	-13.92M 76.18%	-70.82M 408.71%
cost and expenses	1.49B -	2.65B 77.27%	3.98B 50.41%	4.65B 16.68%	5.46B 17.57%	5.41B 0.97%	4.04B 25.38%
operating expenses	1.01B -	1.62B 60.51%	2.42B 49.21%	2.58B 6.46%	2.77B 7.36%	2.58B 6.72%	1.72B 33.40%
interest expense	85.59M -	160.65M 87.70%	174.83M 8.82%	150.36M 14.00%	76.64M 49.03%	37.17M 51.49%
ebitda	-616.88M -	-702.80M 13.93%	-1.54B 119.47%	-1.27B 17.90%	-1.29B 2.16%	-919.36M 28.94%	-243.11M 73.56%
operating income	-890.30M -	-1.11B 25.17%	-1.66B 48.59%	-1.34B 19.33%	-1.33B 0.25%	-947.92M 28.86%	-368.21M 61.16%
depreciation and amortization	287.55M -	354.03M 23.12%	113.41M 67.97%	69.44M 38.77%	38.77M 44.17%	28.56M 26.33%	125.11M 338.00%
total other income expenses net	10.65M -	45.86M 330.67%	-106.59M 332.42%	-215.45M 102.12%	-110.10M 48.90%	-42.25M 61.63%	6.50M 115.38%
income before tax	-976.63M -	-1.16B 19.17%	-1.76B 51.44%	-1.55B 11.98%	-1.44B 7.00%	-990.17M 31.36%	-361.71M 63.47%
income tax expense	-369.68M -	26.47M 107.16%	-74.92M 383.06%	-137.13M 83.03%	-112.09M 18.26%	-62.15M 44.56%	9.76M 115.71%
net income	-606.96M -	-1.20B 97.00%	-1.69B 41.13%	-1.41B 16.20%	-1.33B 5.91%	-928.03M 30.25%	-362.71M 60.92%
weighted average shs out	36.58M -	36.58M 0%	31.31M 14.40%	35.49M 13.35%	36.94M 4.09%	3.68B 9,869.52%	1.10B 70.16%
weighted average shs out dil	36.58M -	36.58M 0%	31.31M 14.40%	35.49M 13.35%	36.94M 4.09%	3.68B 9,869.52%	1.10B 70.16%
eps	-16.59 -	-32.69 97.05%	-53.90 64.88%	-39.85 26.07%	-36.02 9.61%	-0.25 99.31%	-0.33 32.00%
epsdiluted	-16.59 -	-32.69 97.05%	-53.90 64.88%	-39.85 26.07%	-36.02 9.61%	-0.25 99.31%	-0.33 32.00%

COM:OCFT

OneConnect Financial Technology Co., Ltd.

Last Close

2.22

22/11 20:57

Market Cap

83.72M

Beta: -

Volume Today

10.52K

Avg: -

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