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OneConnect Financial Technology Co Ltd (OCFT) delivers AI-driven fintech solutions for financial institutions worldwide. This news hub provides investors and industry professionals with essential updates on the company's technological advancements and market position.
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OneConnect Financial Technology Co., (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service platform for financial institutions in China, has announced it will release its second quarter 2024 financial results on Friday, August 16, 2024, before U.S. markets open. The company will hold an earnings conference call on the same day at 8:00 a.m. U.S. Eastern time (8:00 p.m. Hong Kong time).
Participants are required to register online at least 20 minutes before the call. Upon registration, they will receive an email with the live webcast link and conference call access information. The financial results and an archived transcript will be available on OneConnect's investor relations website at ir.ocft.com and irhk.ocft.com.
OneConnect Financial Technology Co. (NYSE: OCFT, HKEX: 6638), a leading technology-as-a-service provider for the financial services industry in China, announced the results of its 2024 Annual General Meeting held on May 28, 2024. Shareholders approved the audited consolidated financial statements for the year ending December 31, 2023. Several directors were re-elected including Mr. Chongfeng Shen, Mr. Michael Guo, Ms. Wenjun Wang, Mr. Wing Kin Anthony Chow, and Mr. Koon Wing Ernest Ip. Additionally, PricewaterhouseCoopers was re-appointed as auditor with authorization for the Board to set the auditor's remuneration.
OneConnect Financial Technology (NYSE: OCFT) announced its unaudited financial results for Q1 2024. Revenue from continuing operations fell by 19.1% YoY to RMB723 million, while gross margin improved slightly to 37.7%. Operating loss narrowed by 15.1% to RMB66 million, and net loss attributable to shareholders decreased by 25.9% to RMB54 million. The company highlighted significant cost reductions and efficiency improvements, with a 17.7% decrease in operating expenses. Revenue from third-party overseas customers rose by 14.8% YoY.
The company continues to focus on high-value products and streamline operations, despite uncertainties regarding future utilization of its cloud services by Ping An Insurance subsidiaries. OneConnect aims to enhance product competitiveness and achieve profitability targets through strict cost control and service optimization.
OneConnect Financial Technology Co., will announce its first-quarter 2024 financial results for the three months ended March 31, 2024, on Tuesday, May 21, 2024. The release will be followed by a conference call on the same day at 8:00 a.m. U.S. Eastern time. Participants can register online to join the call. The results and transcript will be available on the company's investor relations website.
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