OneConnect Financial Tech Co Ltd ADR

OneConnect Financial Technology Co. Ltd. engages in providing cloud-native technology solutions to financial institutions in China. Its solutions provide technology applications and technology-enabled business services to financial institutions. The company was founded in December 2015 and is headquartered in Shenzhen, China.

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OneConnect reports improved Q1 performance and strategic growth initiatives

OneConnect's Q1 2024 performance reflects positive strides in reducing losses, improving margins, and driving revenue growth from overseas markets, underpinned by advancements in digital banking and insurance segments.
The company's strategic strengths in forming key partnerships, emphasizing product upgrades, and garnering industry recognition position it well for future market leadership and innovation.
While facing challenges in profitability sustainability and operational integration, OneConnect can capitalize on opportunities in market expansion, technological innovation, and ESG initiatives to fuel long-term growth.

OneConnect achieves historic profitability in Q2 2024 amid revenue growth

OneConnect Financial Tech Co Ltd demonstrated improved profitability and revenue growth in Q2 2024, marking a significant milestone in its financial performance.
The company's strategic focus on digital transformation, overseas expansion, and cost controls positions it well for future growth and market competitiveness.
While facing revenue challenges, OneConnect's proactive strategies and financial progress offer opportunities for sustained growth and shareholder value creation.

OneConnect reports improved Q3 performance amidst revenue challenges

OneConnect's Q3 2024 performance showcased improvements in net loss reduction and revenue growth from overseas customers, driven by strategic initiatives in key business segments.
The company's focus on cost control, R&D optimization, and overseas expansion underscores its commitment to achieving profitability in the midterm.
While facing revenue challenges from phasing out cloud services, OneConnect remains poised to capitalize on opportunities in overseas markets and product enhancements for sustainable growth.

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OneConnect Financial Technology Co. Ltd. engages in providing cloud-native technology solutions to financial institutions in China. Its solutions provide technology applications and technology-enabled business services to financial institutions. It operates through the Technology Solution and Virtual Bank Business segments. The Technology Solution segment includes implementation revenue and transaction-based and support services revenue. The Virtual Bank Business segment represents interest income from the lending business of its virtual bank and fees and commission from the firm's banking operations. The company was founded in December 2015 and is headquartered in Shenzhen, China.

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT ) Q1 2023 Earnings Conference Call May 22, 2023 8:00 AM ET Company Participants Rick Chan - Head of Investor Relations Shen Chong Feng - Chairman and Chief Executive Officer Luo Yongtao - Chief Financial Officer Li Jie - Chief Technology Officer Michael Fei - Chief Executive, Ping An OneConnect Bank Conference Call Participants Timothy Zhao - Goldman Sachs Lydia Lin - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by, and welcome to the OneConnect First Quarter 2023 Earnings Call.

OneConnect Financial Technology Co., Ltd. (OCFT) Q1 2023 Earnings Call Transcript

Gross Margin Improved by 2.8ppt and Net Loss Ratio to Shareholders Improved by 19.4ppt YoY for First Quarter 2023 SHENZHEN, China , May 22, 2023 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT), a leading technology-as-a-service provider for financial services industry in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.

OneConnect Announces First Quarter 2023 Unaudited Financial Results

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SHENZHEN, China , May 15, 2023 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) ("OneConnect" or the "Company"), a leading technology-as-a-service provider for financial institutions in China, today announced that it will release the quarterly results of the Company and its subsidiaries for the three months ended March 31, 2023, and its publication before U.S. markets open on Monday, May 22, 2023.

OneConnect to Announce First Quarter 2023 Financial Results

SHENZHEN, China , March 26, 2023 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd ("OneConnect" or the "Company", Stock Code: OCFT.US6638.HK), is thrilled to announce that we have entered into an all-round strategic collaboration with Old Mutual in SA to propel the digital transformation of life insurance business by leveraging both parties' deep technology expertise and extensive localization experience in financial markets. With digital transformation a key component of Old Mutual's customer-centric strategy, the company has been on a multi-year journey towards embedding digitalisation across its operations and was seeking a strong technology partner with abundant knowledge in the insurance sector to overcome challenges presented by customer-centric digital transformation.

OneConnect and Old Mutual in SA Join Hands to Embark on Digitalization of Life Insurance Business

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT ) Q4 2022 Earnings Conference Call March 13, 2023 8:00 AM ET Company Participants Danielle Gao - Head of Investor Relations Shen Chong Feng - Chairman and Chief Executive Officer Luo Yongtao - Chief Financial Officer Li Jie - Chief Technology Officer Conference Call Participants Timothy Zhao - Goldman Sachs Lydia Lin - Morgan Stanley Operator Hello, everyone, and welcome to the OneConnect Financial Technology Fourth Quarter and Full Year 2022 Earnings Release Call.

OneConnect Financial Technology Co., Ltd. (OCFT) Q4 2022 Earnings Call Transcript

The heavy selling pressure might have exhausted for OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) as it is technically in oversold territory now.

OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) Loses -16.3% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

SHENZHEN, China , March 3, 2023 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) ("OneConnect" or the "Company"), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release (i) the quarterly results of the Company and its subsidiaries for the three months ended December 31, 2022, and its publication and (ii) the annual results of the Company and its subsidiaries for the full year ended December 31, 2022, and its publication before U.S. markets open on Monday, March 13, 2023.

OneConnect to Announce Fourth Quarter and Full Year 2022 Financial Results

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SHENZHEN, China--( BUSINESS WIRE )--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service provider for financial institutions in China, today announced that it will change the ratio of its American depositary shares (“ADSs”) representing its ordinary shares from one (1) ADS representing three (3) ordinary shares to one (1) ADS representing thirty (30) ordinary shares (the “Ratio Change”). The Ratio Change will take effect at the open of trading of the New York Stock Exchange (the “NYSE”) on December 12, 2022 (U.S. Eastern Time).

OneConnect Announces ADS Ratio Change

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SHANGHAI , Nov. 23, 2022 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights Total income decreased by 17.2% to RMB13,193 million (US$1,855 million) in the third quarter of 2022 from RMB15,924 million in the same period of 2021.

Lufax Reports Third Quarter 2022 Financial Results

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OneConnect Financial Technology Co., Ltd. (NYSE:OCFT ) Q3 2022 Earnings Conference Call November 10, 2022 7:00 AM ET Company Participants Danielle Gao – Head-Investor Relations Shen Chong Feng – Chairman and Chief Executive Officer Luo Yongtao – Chief Financial Officer Tan Bin Ru – Head-Southeast Asia Business Michael Fei – Chief Executive-Hong Kong Virtual Bank Conference Call Participants Timothy Hsia – Goldman Sachs Operator Hello everyone and welcome to the OCFT 2022 Q3 Earnings Release.

OneConnect Financial Technology Co., Ltd. (OCFT) Q3 2022 Earnings Call Transcript

OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart.

Bears are Losing Control Over OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT), Here's Why It's a 'Buy' Now

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd.

OneConnect Announces Third Quarter and Nine Months Ended September 30, 2022 Unaudited Financial Results

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OneConnect Announces Receipt of Notice Regarding NYSE Continued Listing Standards

OneConnect to Announce Third Quarter of 2022 Financial Results

OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) is technically in oversold territory now, so the heavy selling pressure might have exhausted.

Down 26.6% in 4 Weeks, Here's Why You Should You Buy the Dip in OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT)

ABU DHABI, UAE, Oct. 10, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd ("OneConnect" or the "Company", Stock Code: 6638.HK), a leading Technology-as-a-Service ("TaaS") provider, today unveiled OneConnect Smart Technology (ME) Limited in the United Arab Emirates (UAE) at the Abu Dhabi Global Market (ADGM), the leading international financial centre of the capital of the UAE. Earlier, OneConnect announced that it will help develop the ADGM SME Financing Platform, an integrated digital finance marketplace that will transform the financing services landscape for small and medium enterprises (SMEs) in the UAE.

OneConnect unveils OneConnect Smart Technology in the UAE

SINGAPORE , Sept. 19, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd ("OneConnect" or the "Company", Stock Code: 6638.HK), a leading Technology-as-a-Service ("TaaS") provider, announced that it will help develop the Abu Dhabi Global Market (ADGM) SME Financing Platform, an integrated digital finance marketplace that will transform the financing services landscape for small and medium enterprises (SMEs) in the United Arab Emirates (UAE).

OneConnect expands its presence in the Middle East, by developing with Abu Dhabi Global Market a digital SME funding platform

OneConnect Financial Technology reported its Q2 2022 financial results recently. The firm provides software to help financial institutions modernize their IT systems.

OneConnect Grows But Economic And Regulatory Conditions Weigh

Empowered Huaxia Bank's project to win  2022 IDC China Financial Industry Technology Application Scenario Innovation Award SHANGHAI , Aug. 22, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd ("OneConnect" or the "Company", Stock Code: 6638.HK), the leading Technology-as-a-Service ("TaaS") provider, was included as part of 2022 IDC China Fintech Top 50 for the third consecutive year during the 2022 IDC Digital Finance Awards in Beijing held on August 18. Awarded by International Data Corporation ("IDC"), the award recognizes the Company's outstanding performance in "technology empowerment", "innovations and transformations" and "financial services".

OneConnect Named Among 2022 IDC China Fintech Top 50 Companies for 3rd Consecutive Year

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