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.

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

Down 28.7% in 4 Weeks, Here's Why You Should You Buy the Dip in OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT)

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT ) Q2 2022 Earnings Conference Call August 17, 2022 8:00 AM ET Company Participants Danielle Gao - Head, IR Ye Wangchun - Chairman Shen Chong Feng - CEO Luo Yongtao - CFO Luo Yongtao - CTO Michael Fei - Board Secretary Conference Call Participants Yang Liu - Morgan Stanley Operator Ladies and gentlemen, welcome to OneConnect's Earnings Conference Call for the Second Quarter and Interim Results 2022.

OneConnect Financial Technology Co., Ltd. (OCFT) CEO Shen Chongfeng on Q2 2022 Results - Earnings Call Transcript

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a technology-as-a-service provider for the financial services industry in China with an expanding international presence, today announced its unaudited financial results for the second quarter and half year ended June 30, 2022. Second Quarter 2022 Financial Highlights Revenue increased 17.2% year-over-year to RMB1,134 million from RMB968 million. Gross margin was 36.2% as co

OneConnect Announces Second Quarter and Half Year 2022 Unaudited Financial Results

SHENZHEN, China--(BUSINESS WIRE)--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 financial results for the second quarter and first half of 2022 before U.S. markets open on Wednesday, August 17, 2022. A conference call will follow on the same day. Date/Time Wednesday, August 17, 2022 at 8:00 a.m., U.S. Eastern Time Wednesday

OneConnect to Announce Second Quarter and First Half 2022 Financial Results

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 has successfully listed, by way of introduction (the “Listing”), its ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”). The Shares are traded on the Main Board of SEHK under the stock code “6638” in board lots of 500 S

OneConnect Successfully Listed on the Main Board of the Stock Exchange of Hong Kong

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 the proposed dual primary listing of its ordinary shares, par value US$0.00001 per share (the “Shares”) by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”). The Company's American depositary shares (the “ADSs”), each representing three

OneConnect Announces Proposed Dual Primary Listing on The Stock Exchange of Hong Kong Limited

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 intends to make arrangements to facilitate conversion of its American depositary shares (the “ADSs”) to ordinary shares (“Shares”) in connection with the Proposed Listing (as defined below). The Company filed an application on February 28, 2022 with The Stock Exchange of H

OneConnect Announces Arrangement of Batch-Conversion of American Depositary Shares to Ordinary Shares Trading in Hong Kong

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OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) board approved the upsizing of its share repurchase program by 1% of the outstanding shares.

OneConnect Shares Jump As It Upsizes Its Buyback Program

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 its board of directors has approved to upsize its share repurchase program announced on February 24, 2022 by 1% of the total outstanding ordinary shares, pursuant and subject to applicable laws and the Company's securities trading policy. As a result, after this upsize, the Compan

OneConnect Announces Upsize of Its Share Repurchase Program

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT ) Q1 2022 Earnings Conference Call May 25, 2022 9:00 PM ET Company Participants Danielle Gao - Head of Investor Relations Ye Wangchun - Chairman Shen Chong Feng - Chief Executive Officer Luo Yongtao - Chief Financial Officer Michael Fei - Board Secretary Conference Call Participants Timothy Zhao - Goldman Sachs Yang Liu - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by.

OneConnect Financial Technology Co., Ltd. (OCFT) CEO Shen Chongfeng on Q1 2022 Results - Earnings Call Transcript

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 its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights Revenue increased 24.3% year-over-year to RMB1,019 million from RMB820 million. Gross margin was 34.3% as compared to 34.0% same period of the prior year; non-IFRS g

OneConnect Announces First Quarter 2022 Unaudited Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release financial results for the First Quarter 2022 after U.S. markets close on Wednesday, May 25, 2022. A conference call will follow on the same day. Date/Time Wednesday, May 25, 2022 at 9:00 p.m., U.S. Eastern Time Thursday, May 26, 2022 at 9:00 a.m., Beijing Time

OneConnect to Announce First Quarter 2022 Financial Results

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 the Company is aware of the fact that it was identified by the United States Securities and Exchange Commission (the "SEC") under the Holding Foreign Companies Accountable Act of the United States (the "HFCAA") on April 12, 2022. Such identification may have resulted from the

OneConnect Provides Update on Status Under Holding Foreign Companies Accountable Act

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 the results of its annual general meeting of shareholders held in Shenzhen on April 8, 2022. At the meeting, the shareholders of OneConnect Financial Technology Co., Ltd. approved, ratified and/or confirmed each of the following resolutions: the resolution that the Company's third

OneConnect Announces Annual General Meeting Results

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 China Ping An Insurance Overseas (Holding) Limited (“Ping An Overseas”), a wholly-owned subsidiary of Ping An Insurance (Group) Company of China, Ltd. (“Ping An Group”), has purchased 5,344,635 American depositary shares (the “ADSs”) of the Company in the open market. The Com

OneConnect Announces Share Purchase by Ping An Group

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 hold its annual general meeting (the “AGM”) of shareholders of 2022 at 55F, Ping An Financial Center, No. 5033 Yitian Road, Futian District, Shenzhen, Guangdong, People's Republic of China on April 8, 2022 at 10:00 a.m. (local time). Five proposals will be submitted f

OneConnect to Hold Annual General Meeting on April 8, 2022

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 its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights Revenue increased 19% year-over-year to RMB1,280 million from RMB1,076 million. Gross margin expanded year-over-year to 35% from 34%; non-IFRS gro

OneConnect Announces Fourth Quarter and Full Year 2021 Unaudited Financial Results

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 its board of directors has approved a share repurchase program in which the company may purchase its own American depositary shares (“ADSs”) with an aggregate amount of up to 2% of the total outstanding ordinary shares from February 24, 2022 to September 30, 2022, pursuant and sub

OneConnect Announces Share Repurchase Program

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release financial results for the Fourth Quarter and Full Year 2021 after U.S. markets close on Thursday, February 24, 2022. A conference call will follow on the same day. Date/Time Thursday, February 24, 2022 at 8:00 p.m., U.S. Eastern Time Friday, February 25, 2022

OneConnect to Announce Fourth Quarter and Full Year 2021 Financial Results

SHANGHAI, Feb. 10, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the Company"), a leading technology-as-a-service platform for financial institutions, has made it on to the Forbes Blockchain 50 2022 list for the second consecutive year, as OneConnect continues developing its cutting-edge solutions to facilitate trade and financing.

OneConnect Makes Forbes Blockchain 50 2022 List for Advanced Trade and Financing Solutions

SHANGHAI, Jan. 19, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions, has been awarded the 2021 Wu Wenjun Artificial Intelligence Science and Technology Progress Award (Enterprise Technology Innovation Project) for its next-generation Artificial Intelligence Open Innovation Platform for Inclusive Finance.

OneConnect's AI Open Innovation Platform for Inclusive Finance Receives 2021 Wu Wenjun AI Science and Technology Progress Award

Technology-as-a-service platform OneConnect closed a partnership deal with Chengfang Financial Technology, a FinTech established by the People's Bank of China (PBOC), according to a press release on Monday (Jan. 10). The two companies will collaborate to tackle typical pain points experienced in the financial industry, deliver technological innovations and strengthen data processing and governance.

China's OneConnect Closes Partnership Deal With PBOC's Chengfang

SHANGHAI, Jan. 9, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions has today announced it has entered into a strategic partnership with Chengfang Financial Technology Co. Ltd.

OneConnect Inks New Strategic Partnership Agreement with Chengfang Financial Technology

SHANGHAI, Dec. 9, 2021 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a key driver of fintech strategy for associate Ping An Insurance Group of China ("Ping An"), has helped the group to top the list of the World's Top Ten Fintech Companies in 2021 in Patent Quality, followed by Ant Group and Alibaba.

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