金融壹账通2020年二季度报告

OneConnect Announces Third Quarter Unaudited Financial ResultsRead full articleWed, November 4, 2020, 6:00 AM GMT+8·18 mins readRevenue Growth of 50.7% and Gross Margin Gain of 4.1ppt YoYOneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced its unaudited financial results for the third quarter ended September 30, 2020.Third Quarter 2020 Financial Highlights Revenue increased 50.7% year-over-year to RMB881 million from RMB585 million. Gross margin expanded to 42.7% from 38.6%; non-IFRS gross margin1 expanded to 51.2% from 50.2%. Operating loss was RMB250 million, compared with RMB305 million for the same period in the prior year. Net loss attributable to shareholders was RMB243 million, versus RMB286 million for the same period in the prior year. Net loss per share, basic and diluted, was RMB0.23, against RMB0.31 for the same period in the prior year.In RMB’000, except percentages and per share amountsThree Months Ended September 30YoY Nine Months Ended September 30YoY 2020201920202019RevenueRevenue from Ping An Group491,023239,118105.3%1,110,841677,29264.0%Revenue from Lufax88,08354,64961.2%266,657184,60144.5% Revenue from third-party customers2302,341290,9723.9%859,066693,03024.0%Total881,447584,73950.7%2,236,5641,554,92343.8%Gross profit375,968225,64666.6%875,086507,01372.6%Gross margin42.7%38.6%39.1%32.6%Non-IFRS gross margin151.2%50.2%48.6%49.0%Operating loss-250,471-305,172-1,056,489-1,119,645Operating margin-28.4%-52.2%-47.2%-72.0%Net loss to shareholders-243,025-286,308-988,686-1,041,191Net loss per share, basic and diluted-0.23-0.31-0.94-1.111 For more details on this non-IFRS financial measure, please see the section entitled "Use of Unaudited Non-IFRS Financial Measures" and the table captioned "Reconciliations of IFRS and Non-IFRS Results (Unaudited)" set forth at the end of this press release.2 Third-party customers refer to each customer with revenue contribution of less than 5% of our total revenue in the relevant period. These customers are a key focus of the Company’s diversification strategy.CEO and CFO CommentsStory continues "We are pleased to report another solid quarter, highlighted by continuous balancing of growth and profitability," said Mr. Ye Wangchun, Chairman of the Board and Chief Executive Officer of OneConnect. "Achieving over 50% topline growth while carrying out a change in business mix was a tremendous accomplishment. Although there was some temporary slowdown in third-party customers, it was a healthy development. The result underscores our strategic decision to steer away from legacy solutions that do not fit our TaaS focus, such as some of those in business origination. It is a necessary step that will ensure more efficient resource allocation and sustainable long-term growth."Mr. Jacky Lo, Chief Financial Officer, commented, "OneConnect has been prioritizing product optimization and our initial success has been reflected in the numbers. Gross margin increased by 4.1ppt to 42.7% year over year, following the termination of low-value solutions sales and further strengthening of existing offerings. Net loss in the quarter narrowed to RMB243 million from RMB286 million. As a percentage of revenue, it fell to 27.6% from 49.0%. We are confident about keeping our second-half guidance unchanged. Most of all, profitability has improved significantly and OneConnect is on track to meet all its mid-term targets."Operational Highlights Retail loans processed amounted to RMB19.5 billion in the third quarter, compared with RMB32.7 billion for the same period in the prior year. SME loans processed amounted to RMB14.7 billion in the third quarter, compared with RMB9.2 billion for the same period in the prior year. Number of fast claims checks amounted to 1.6 million in the third quarter, compared with 1.5 million for the same period in the prior year.Revenue BreakdownIn RMB’000, except percentagesThree Months Ended September 30YoY Nine Months Ended September 30YoY2020201920202019Implementation revenue217,151115,79387.5%572,435336,00270.4%Transaction-based and support revenue Business origination services130,245210,651-38.2%457,407569,188-19.6%Risk management services95,23991,7303.8%249,676271,860-8.2%Operation support services314,415139,031126.1%766,547311,553146.0%Cloud services platform97,229-NA123,819-NAPost-implementation support services15,14814,3495.6%35,07235,413-1.0%Others12,02013,185-8.8%31,60830,9072.3%Total664,296468,94641.7%1,664,1291,218,92136.5%Total881,447584,73950.7%2,236,5641,554,92343.8%Revenue in the third quarter of 2020 increased by 50.7% to RMB881 million from RMB585 million for the same period in the prior year. By size of revenue, operation support services was the largest, up by 126.1% to RMB314 million, on continued strong momentum in AI customer service. The cloud services platform was another key driver. It was laun