OneConnect Financial Technology Co., Ltd.

OneConnect Financial Technology Co., Ltd.

OCFT
OneConnect Financial Technology Co., Ltd.US flagNew York Stock Exchange
7.89
USD
- -
- -
8.60BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
15.91
38.64
74.35
93.23
112.2
119.29
90.3
57.64
44.9
Basic EPS, GAAP
-16.59
-32.69
-53.04
-38.1
-34.8
-23.88
-9.3
-11.79
-18.62
Free Cash Flow per Basic Share
-6.74
-25.95
-68.09
-30.34
-18.22
-22.28
-17.59
-7.8
-5.19
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-31.36
-64.05
-127.86
-150.78
-180.25
-205.62
-201.89
-213.68
-231.23
Tangible Book Value per Share
-10.99
84.01
113.18
122.95
85.47
74.13
63.5
59.19
61.17
Basic Weighted Avg Shares
37
37
31
36
37
37
39
39
36
Sales/Revenue/Turnover
582
1,413
2,328
3,312
4,132
4,357
3,522
2,248
1,633
Operating Margin (%)
-156.76
-86.97
-73
-42.06
-31.35
-19.26
-5.81
-7.76
-11.27
Depreciation Expense
288
354
460
421
439
281
201
107
- -
Net Income, GAAP
-607
-1,196
-1,661
-1,354
-1,282
-872
-363
-460
-677
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-104.3
-84.59
-71.33
-40.87
-31.02
-20.02
-10.3
-20.45
-41.46
Working Capital
-797
2,736
2,719
3,773
1,736
928
286
1,958
1,867
LT Debt
85
127
88
48
97
45
28
11
- -
Total Equity
-35
3,831
4,521
5,285
3,835
3,278
2,948
2,504
2,408
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
33
20
21
LT Borrowings
- -
- -
- -
LT Finance Leases
11
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,170
1,170
1,170
Market Capitalization
634
1,756
1,877

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,397
3,131
3,159
Cash, Cash Equivalents & STI
2,403
1,802
1,468
Accounts Receivable, Net
496
504
550
Inventories
- -
- -
- -
Total Current Liabilities
1,440
1,225
1,292
Payables & Accruals
1,058
1,092
1,149
ST Debt
33
20
21
Deferred Revenue
116
110
118

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-10.03%
-15.06%
Free Cash Flow
- -
-27.45%
-55.64%
Net Income, GAAP
- -
-17.49%
26.73%
Sales/Revenue/Turnover
- -
3.43%
-36.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
894
939
807
925
3,522
2024
723
692
417
415
2,248
2025
368
433
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-2.79
-2.1
-2.4
-2.09
-9.3
2024
-3
6.9
-0.81
-15.6
-11.79
2025
-1.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Dangyang Chen
Full Time Employees
1,937
Sector
Technology
Industry
Software - Application
Address
Ping An Financial Center Shenzhen People's Republic of China 518000
IPO Date
Dec 13, 2019
Website
ocft.com
Business
OneConnect Financial Technology Co., Ltd. (NYSE: OCFT, HKEX: 6638) provides technology-as-a-service solutions to financial institutions, integrating industry expertise with advanced technologies such as artificial intelligence, blockchain, big data analytics, and cloud platforms to enable digital transformation; the company offers digital banking solutions for retail growth, credit management, next-generation core systems, and regulatory compliance; digital insurance solutions encompassing digital auto insurance, life insurance, and health insurance processes including marketing, customer management, claims processing, and intelligent property and casualty systems; and the Gamma Platform, a technology infrastructure providing intelligent voice services, open platforms, blockchain, financial cloud, Gamma Voice Solution for AI customer service, Gamma FinCloud for legacy system migration, marketing management platforms like AI Banker App, wealth management tools, intelligent product development platforms, Regtech for end-to-end regulatory reporting, and asset-liability management analytics. Founded in 2015 and headquartered at Ping An Finance Center in Shenzhen, Guangdong Province, China, OneConnect operates primarily in the People's Republic of China while expanding overseas to over 20 countries including Southeast Asia, the Middle East, and Africa, serving banks, insurers, governments, corporates, and 197 overseas financial institutions as of late 2024; it maintains long-term ties as an associate of Ping An Insurance (Group) Company of China, Ltd., leveraging the group's financial services experience. Recent developments include the completion of its virtual bank business disposal to Lufax Holding Ltd. for HK$933 million in cash on April 2, 2024, allowing refocus on core high-margin technology solutions; expansion of digital retail banking into two new joint-stock banks and smart credit solutions to overseas markets in the first half of 2025; partnerships such as with Vietnam's VPBank in 2025 for a digital core banking system processing one billion transactions daily, PAObank for HKMA's GenA.I. Sandbox, and Thailand's DEPA for auto ecosystem growth; and recognition including IDC China FinTech Emerging 50 for the sixth year and a national innovation award for its AI-powered customer service system.

Company News

APIChat
  • PAObank and OneConnect Financial Technology Join HKMA's Second Cohort of GenA.I. Sandbox to Enhance Deepfake Fraud Detection

  • OneConnect Announces First Half 2025 Unaudited Financial Results

  • OneConnect Releases ESG Report for the Third Consecutive Year, Strengthening Its Leadership in Sustainable Finance

  • OneConnect Powers the Future of Digital Finance at WIC Asia-Pacific Summit

  • OneConnect Integrates DeepSeek into AI Agent Platform

  • OneConnect Announces Extraordinary General Meeting Results

  • OneConnect Financial Technology Co., Ltd. (OCFT) Q3 2024 Earnings Call Transcript

  • OneConnect Financial Technology Co., Ltd. (OCFT) Q2 2024 Earnings Call Transcript

  • OneConnect Financial Technology Co., Ltd. (OCFT) Q1 2024 Earnings Call Transcript

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