金融壹账通2023年二季度报告

Send a ReleaseSign UpLog InResourcesBlogJournalistsRSSGDPR 3News in Focus5Business & Money5Science & Tech5Lifestyle & Health0Policy & Public Interest1People & CultureSend a ReleaseSign UpLog InResourcesBlogJournalistsRSSGDPR OverviewDistribution by PR NewswireCision IRSocialBoostAll ProductsSend a ReleaseSign Up Log InResourcesBlogJournalistsRSSGDPR General InquiriesEditorial BureausPartnershipsMedia InquiriesSend a ReleaseSign UpLog InResourcesBlogJournalistsRSSGDPR Close submenu (News in Focus)News in Focus Browse All NewsMultimedia GalleryTrending Topics Close submenu (Business & Money)Business & Money Auto & TransportationBusiness TechnologyEntertainment & MediaFinancial Services & InvestingGeneral Business Close submenu (Science & Tech)Science & Tech Consumer Technology Energy & Natural ResourcesEnvironmentHeavy Industry & ManufacturingTelecommunications Close submenu (Lifestyle & Health)Lifestyle & Health Consumer Products & RetailEntertainment & MediaHealthSportsTravel Close submenu (Policy & Public Interest)Policy & Public Interest Close submenu (People & Culture)People & Culture People & CultureSend a ReleaseoALL CONTACT INFOoContact Us888-776-0942from 8 AM - 10 PM ETo OneConnect Announces Third Quarter and NineMonths Ended September 30, 2023 Unaudited FinancialResults Share this article Share toX Net Margin to Shareholders Improved to -10.8% for Third Quarter 2023 SHENZHEN, China, Nov. 13, 2023 /PRNewswire/ -- OneConnect Financial TechnologyCo., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT and HKEX: 6638), a leadingtechnology-as-a-service provider for financial services industry in China, todayannounced its unaudited financial results for the third quarter and nine months endedSeptember 30, 2023. Third Quarter 2023 Financial Highlights Revenue was RMB844 million as compared to RMB1,069 million for the sameperiod of the prior year.Gross margin decreased slightly to 35.0% as compared to 35.1% for the sameperiod of the prior year; non-IFRS gross margin increased 1.0 percentage point to39.4% as compared to 38.4% for the same period of the prior year.Net loss attributable to shareholders was RMB91 million, as compared toRMB133 million for the same period of the prior year. Net margin to shareholdersimproved by 1.6 percentage points to -10.8% as compared to -12.4% for the sameperiod of the prior year.Net loss per ADS, basic and diluted, was RMB-2.50 as compared to RMB-3.66for the same period of the prior year. [1]Third-party customers refer to each customer with revenue contribution of less than5% of our total revenue in the relevant period. These customers are a key focus of theCompany's diversification strategy. [2]In RMB yuan. Each ADS represents thirty ordinary shares. In December 2022, theCompany effected an ADS ratio change to adjust its ordinary share to ADS ratio fromone (1) ADS representing three (3) ordinary shares to one (1) ADS representing thirty(30) ordinary shares, or the Ratio Change. Except otherwise stated, the Ratio Change hasbeen retrospectively applied for all periods presented in this press release. Chairman, CEO and CFO Comments "During the reporting period, we faced headwinds that resulted in a decline in ourrevenue." Said Mr. Shen Chongfeng, Chairman of the Board and Chief ExecutiveOfficer. "Several factors contributed to this decrease, including our proactive adjustmentto the product mix, competitive pressures, and changing market conditions. However, it iscrucial to note that our management actively implemented strategic measures to optimizecost structures and improve operational efficiency, which reduced the impact of theheadwinds on our financial results." Mr. Shen Chongfeng further commented, "We will embrace challenges and opportunitiesthat lie ahead. Our continued investment in technological innovation and organizationalcapability remains unchanged. We will continue to engage with third-party financial andstrategic partners, enhance sales and marketing efficiency and expand our businessopportunities. In the third quarter of 2023, OneConnect was named one of the "IDCChina FinTech Top 50" by International Data Corporation for the fourth consecutiveyear. We will speed up the development of high-value product and continue to focus onimproving gross margin and profitability." Mr. Luo Yongtao, Chief Financial Officer, commented, "In the third quarter of 2023, ournon-IFRS gross margin increased year-over-year from 38.4% to 39.4%. And our net lossratio to shareholders improved from -12.4% to -10.8% compared with the same period oflast year. This achievement represents a substantial decrease in losses and reflects ourcommitment to enhancing our financial health. Furthermore, we have been diligent inidentifying and improving underperforming areas of our business, and focused onenhancing revenue structure. The improvement in our net loss ratio to shareholders is anencourag