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, small and medium enterprises (SME) financing and services, retail and SME banking risk-management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions. The company also operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; Gamma O, an open API platform-as-a-service for reusable financial technology components and integrations; and Blockchain network-as-a-service. In addition, it provides technology infrastructure, such as data management and cloud services. The company serves customers in the financial services industry, including banking, insurance, and asset management. 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. 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. operates as a subsidiary of Ping An Insurance (Group) Company of China, Ltd.
IPO Year: 2019
Exchange: NYSE
Website: ocft.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/18/2022 | Hold | HSBC Securities | |
| 4/11/2022 | $2.20 | Neutral | Goldman |
| 2/24/2022 | $1.50 | Buy → Hold | HSBC Securities |
| 8/5/2021 | $24.00 → $10.00 | Overweight | Keybanc |
| 8/4/2021 | $19.00 → $7.50 | Overweight → Equal-Weight | Morgan Stanley |
SHENZHEN, China, April 24, 2025 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE:OCFT), a leading technology-as-a-service provider for the financial services industry in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 24, 2025 U.S. Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as through the Company's investor relations website at http://ir.ocft.com. The Company will provide a hard copy
SHANGHAI, April 16, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318), together with its affiliate OneConnect Financial Technology Co., Ltd. ((", OneConnect", , HKEX: 6638, NYSE:OCFT), Ping An Property & Casualty Insurance, and PAObank, participated in the "World Internet Conference Asia-Pacific Summit" held on April 14-15. This summit focused on advancing the organic integration of the financial industry with digital intelligence technologies to promote the development of inclusive financial services and build a trustworthy ecosystem for inclusive finance. OneConnect also joined the summit's "Digital Fina
SHENZHEN, China, March 18, 2025 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE:OCFT), a leading technology-as-a-service provider for the financial services industry in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Revenue from continuing operations[1] was RMB415 million, compared to RMB882 million during the same period last year.Gross margin of continuing operations was 34.2%, compared to 39.0% during the same period last year; non-IFRS gross margin of continuing operations was 36.5%, compared to 40.8% during the same period last y
SHENZHEN, China, March 6, 2025 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) ("OneConnect" or the "Company"), a leading technology-as-a-service provider 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, 2024, and its publication and (ii) the annual results of the Company and its subsidiaries for the full year ended December 31, 2024, and its publication on Tuesday, March 18, 2025. The financial results will be available at OneConnect's investor relations website at ir.ocft.com and irhk.ocft.com. Investor Relations: OCFT IR Team [email protected]
SHANGHAI, Feb. 13, 2025 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd (", OneConnect", or the ", Company", , NYSE:OCFT, HKSE: 6638), a business technology service provider for financial institutions, launches its proprietary AI Agent Platform, integrating cutting-edge open-source large language models including DeepSeek and Qwen to deliver a comprehensive AI solution tailored specifically for the banking industry. This innovative initiative aims to accelerate the digital transformation of the banking sector, enabling financial institutions to enhance operational efficiency and improve customer experience through advanced AI capabilities. By adopting a dual-engine strategy—"Open-s
SHENZHEN, China, Dec. 18, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE:OCFT), a leading technology-as-a-service provider for the financial services industry in China, today announced the results of its extraordinary general meeting of shareholders held in Shenzhen on December 18, 2024. At the meeting, the shareholders of OneConnect Financial Technology Co., Ltd. approved, ratified and/or confirmed the following resolutions: That the 2024 Provision of Products and Services Agreement, the transactions contemplated thereunder, and the proposed annual caps for the three years ending 31 December 2027, details of which are more particularly
Revenue from third-party overseas customers increased by 23.4% YoY in first three quarters of 2024 SHENZHEN, China, Nov. 14, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE:OCFT), a leading technology-as-a-service provider for the financial services industry in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenue from continuing operations[1] was RMB417 million, compared to RMB807 million during the same period last year.Gross margin of continuing operations was 32.7%, compared to 36.6% during the same period last year; non-IF
SHENZHEN, China, Nov. 4, 2024 /PRNewswire/ -- 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 the quarterly results of the Company and its subsidiaries for the three months ended September 30, 2024, and its publication before U.S. markets open on Thursday, November 14, 2024. A conference call will follow on the same day. Date/Time Thursday, November 14, 2024 at 7:00 a.m., U.S. Eastern timeThursday, November 14, 2024 at 8:00 p.m., Hong Kong time Participant Online Registration Link: https://www.netroadshow.com/events/login?show=44204564&c
Net Margin of Continuing Operations to Shareholders Improved to -2.4%Net Margin of Continuing and Discontinued Operations[1] to Shareholders Improved to 35.1% SHENZHEN, China, Aug. 16, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE:OCFT), a leading technology-as-a-service provider for the financial services industry in China, today announced its unaudited financial results for the second quarter and half year ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue from continuing operations was RMB692 million, compared to RMB939 million for the same period of the prior year.Gross margin of continuing operations was 36.6%,
SHENZHEN, China, Aug. 6, 2024 /PRNewswire/ -- 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 the quarterly results of the Company and its subsidiaries for the three months ended June 30, 2024, and its publication before U.S. markets open on Friday, August 16, 2024. A conference call will follow on the same day. Date/Time Friday, August 16, 2024 at 8:00 a.m., U.S. Eastern timeFriday, August 16, 2024 at 8:00 p.m., Hong Kong time Participant Online Registration Link: https://www.netroadshow.com/events/login?show=1b2c1d6f&confId=69140 The
vKYC timely addresses the imperative need for Sri Lankans to open bank accounts, apply for loans and credit cards remotely amidst the pandemic First AI-based vKYC to roll out in Sri Lanka following the new regulation OneConnect's vKYC will be deployed on an agile SaaS model that is intuitive and scalable SINGAPORE, June 2, 2021 /PRNewswire/ -- National Development Bank PLC (NDB Bank), the fourth largest listed commercial bank in Sri Lanka, today announced at a signing ceremony that it has appointed international enterprise software solutions partner specialising in digital transformation, Axion Solutions, to implement world-class Video Know-Your-Customer (vKYC) built by OneConnect Financia
SHENZHEN, China, May 26, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online consumption and consumer finance platform for new generation consumers in China, today announced that Mr. Craig Yan Zeng has tendered in his resignation as the Chief Financial Officer ("CFO"), effective on June 7, 2021. Mr. Kris Qiao Qian, Lexin's Chief Financing Cooperation Officer, has been appointed as the acting CFO. Mr. Zeng's resignation from his position was due to personal reasons, and he will remain as a director of the board of directors of the Company (the "Board") and also serve as a senior consultant to the company following his resignation.
SHANGHAI--(BUSINESS WIRE)--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 fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Financial Highlights Total income increased by 5.9% to RMB13,286 million (US$2,036 million) in fourth quarter of 2020 from RMB12,549 million in the same period of 2019. Net profit increased by 17.4% to RMB2,847 million (US$436 million) in fourth quarter of 2020 from RMB2,425 million in the same period of 2019. (In millions except percentages, unaudited) Three Months Ended December 3
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
SC 13G/A - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Subject)
Revenue from third-party overseas customers increased by 23.4% YoY in first three quarters of 2024 SHENZHEN, China, Nov. 14, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE:OCFT), a leading technology-as-a-service provider for the financial services industry in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenue from continuing operations[1] was RMB417 million, compared to RMB807 million during the same period last year.Gross margin of continuing operations was 32.7%, compared to 36.6% during the same period last year; non-IF
SHENZHEN, China, Nov. 4, 2024 /PRNewswire/ -- 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 the quarterly results of the Company and its subsidiaries for the three months ended September 30, 2024, and its publication before U.S. markets open on Thursday, November 14, 2024. A conference call will follow on the same day. Date/Time Thursday, November 14, 2024 at 7:00 a.m., U.S. Eastern timeThursday, November 14, 2024 at 8:00 p.m., Hong Kong time Participant Online Registration Link: https://www.netroadshow.com/events/login?show=44204564&c
Net Margin of Continuing Operations to Shareholders Improved to -2.4%Net Margin of Continuing and Discontinued Operations[1] to Shareholders Improved to 35.1% SHENZHEN, China, Aug. 16, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE:OCFT), a leading technology-as-a-service provider for the financial services industry in China, today announced its unaudited financial results for the second quarter and half year ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue from continuing operations was RMB692 million, compared to RMB939 million for the same period of the prior year.Gross margin of continuing operations was 36.6%,
SHENZHEN, China, Aug. 6, 2024 /PRNewswire/ -- 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 the quarterly results of the Company and its subsidiaries for the three months ended June 30, 2024, and its publication before U.S. markets open on Friday, August 16, 2024. A conference call will follow on the same day. Date/Time Friday, August 16, 2024 at 8:00 a.m., U.S. Eastern timeFriday, August 16, 2024 at 8:00 p.m., Hong Kong time Participant Online Registration Link: https://www.netroadshow.com/events/login?show=1b2c1d6f&confId=69140 The
Gross Margin of Continuing Operations[1] Improved by 0.3ppt and Net Margin of Continuing Operations to Shareholders Narrowed by 0.7ppt for First Quarter 2024 SHENZHEN, China, May 21, 2024 /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, 2024. First Quarter 2024 Financial Highlights Revenue from continuing operations was RMB723 million as compared to RMB894 million for the same period of the prior year.Gross margin of continuing operations increased by 0.3ppt year-over-
SHENZHEN, China, May 8, 2024 /PRNewswire/ -- 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 the quarterly results of the Company and its subsidiaries for the three months ended March 31, 2024, and its publication before U.S. markets open on Tuesday, May 21, 2024. A conference call will follow on the same day. Date/Time Tuesday, May 21, 2024 at 8:00 a.m., U.S. Eastern timeTuesday, May 21, 2024 at 8:00 p.m., Hong Kong time Participant Online Registration Link: https://www.netroadshow.com/events/login?show=f962eec4&confId=64991 The Compan
Net Margin to Shareholders Improved to -8.8% for Fourth Quarter 2023 SHENZHEN, China, March 18, 2024 /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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Net loss attributable to shareholders was RMB81 million, as compared to RMB177 million for the same period of the prior year. Net margin to shareholders improved by 5.5 percentage points to -8.8% as compared to -14.3% for the same period of the prior year.Net
SHENZHEN, China, March 6, 2024 /PRNewswire/ -- 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 (i) the quarterly results of the Company and its subsidiaries for the three months ended December 31, 2023, and its publication and (ii) the annual results of the Company and its subsidiaries for the full year ended December 31, 2023, and its publication before U.S. markets open on Monday, March 18, 2023. A conference call will follow on the same day. Date/Time Monday, March 18, 2024 at 8:00 a.m., U.S. Eastern timeMonday, March 18, 2024 at 8:00
Net Margin to Shareholders Improved to -10.8% for Third Quarter 2023 SHENZHEN, China, Nov. 13, 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 third quarter and nine months ended September 30, 2023. Third Quarter 2023 Financial Highlights Revenue was RMB844 million as compared to RMB1,069 million for the same period of the prior year.Gross margin decreased slightly to 35.0% as compared to 35.1% for the same period of the prior year; non-IFRS gross margin increased 1.0 percentage point to 39.4%
Gross Margin Remained Stable and Net Margin to Shareholders Improved by 13.2ppt YoY for Second Quarter 2023 SHENZHEN, China, Aug. 16, 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 second quarter and half year ended June 30, 2023. Second Quarter 2023 Financial Highlights Revenue was RMB973 million as compared to RMB1,134 million for the same period of the prior year.Gross margin remained stable at 36.2%, the same for the same period of the prior year; non-IFRS gross margin decreased slightly t
HSBC Securities resumed coverage of OneConnect Financial with a rating of Hold
Goldman resumed coverage of OneConnect Financial with a rating of Neutral and set a new price target of $2.20
HSBC Securities downgraded OneConnect Financial from Buy to Hold and set a new price target of $1.50
Keybanc reiterated coverage of OneConnect Financial Tech with a rating of Overweight and set a new price target of $10.00 from $24.00 previously
Morgan Stanley downgraded OneConnect Financial Tech from Overweight to Equal-Weight and set a new price target of $7.50 from $19.00 previously
Keybanc reiterated coverage of OneConnect Financial Tech with a rating of Overweight and set a new price target of $24.00 from $28.00 previously
HSBC reiterated coverage of OneConnect Financial Technology with a rating of Buy and set a new price target of $26.00 from $27.00 previously
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
20-F - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)
6-K - ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (0001780531) (Filer)