Revenue Performance - Revenue from continuing operations decreased by 36.2% to RMB2,248.1 million for the year ended December 31, 2024, down from RMB3,521.6 million in 2023[47]. - Implementation revenue decreased by 20.4% to RMB664.1 million, while transaction-based and support revenue decreased by 41.0% to RMB1,583.98 million[47]. - Revenue for the year ended December 31, 2024, was RMB2,248.1 million, a decline of 36.3% compared to RMB3,521.6 million in 2023[95]. - For the year ended December 31, 2024, the Group's total revenue decreased to RMB 2,292,398, down from RMB 3,667,508 in 2023, representing a decline of approximately 37.5%[120]. - Revenue from the cloud services platform significantly decreased to RMB 618,088 in 2024 from RMB 1,245,952 in 2023, primarily due to the cessation of relevant services by subsidiaries of Ping An Insurance[125]. Profitability and Losses - Gross profit from continuing operations decreased by 39.3% to RMB804.5 million, with a gross margin of 35.8% compared to 37.7% in 2023[49]. - Loss from continuing operations increased to RMB704.7 million for the year ended December 31, 2024, compared to RMB220.1 million in 2023[70]. - The net loss for the year from continuing operations increased to RMB704.7 million in 2024, compared to a loss of RMB220.1 million in 2023, reflecting a deterioration in financial performance[95]. - The total comprehensive loss for the year was RMB 335,999,000 in 2023, which worsened to RMB 409,477,000 in 2024, indicating an increase of 22%[100]. - Loss from continuing operations attributable to owners of the Company increased from RMB 211,342,000 in 2023 to RMB 669,176,000 in 2024, representing a significant rise of 216%[149]. - Basic and diluted loss per share for continuing operations rose from RMB 0.19 in 2023 to RMB 0.61 in 2024, indicating a 221% increase[149]. Expenses - Research and development expenses decreased by 46.5% to RMB510.9 million, reflecting a decrease in personnel costs[50]. - Selling and marketing expenses decreased by 26.6% to RMB177.3 million, attributed to reduced personnel and advertising costs[51]. - General and administrative expenses decreased by 18.7% to RMB305.1 million, primarily due to lower labor and workplace expenses[52]. - Total costs for revenue, research and development, selling and marketing expenses, and general and administrative expenses decreased from RMB 3,767,515,000 in 2023 to RMB 2,436,899,000 in 2024, representing a reduction of about 35.4%[132]. Cash Flow and Liquidity - Net cash used in operating activities was RMB276.8 million, while net cash generated from investing activities was RMB1,106.3 million[72]. - As of December 31, 2024, cash and cash equivalents increased to RMB1,947.9 million from RMB1,379.5 million as of December 31, 2023, representing a growth of 41.3%[75]. - The Company reported a net cash used in operating activities of RMB 648,461,000 in 2023, which improved to RMB 276,849,000 in 2024, indicating a reduction of 57%[101]. - Net cash generated from investing activities significantly increased from RMB 318,634,000 in 2023 to RMB 1,106,256,000 in 2024, marking a growth of 276%[101]. - The company had no significant liquidity risk and sufficient working capital as of December 31, 2024[76]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB8,068.4 million, a significant increase from RMB3,967.3 million as of December 31, 2023[97]. - Total current liabilities rose to RMB 5,073,078,000 in 2023 from RMB 1,439,693,000 in 2022, reflecting an increase of 253%[98]. - The Company’s total liabilities increased to RMB 5,120,566,000 in 2023 from RMB 1,463,309,000 in 2022, representing an increase of 250%[98]. - The Group's total liabilities for 2024 were RMB 1,463,309 for continuing operations, with segment liabilities for Technology Solutions at RMB 1,463,309[122]. - Trade receivables decreased from RMB 779,458,000 in 2023 to RMB 582,068,000 in 2024, a decline of 25%[163]. Impairments and Provisions - Goodwill impairment of RMB131.9 million was recognized in 2024 due to the strategic discontinuation of cloud services and challenging market conditions[57]. - The Group recognized an impairment loss against goodwill of RMB 131,901,000 in 2024, reflecting challenges in the Technology Solution segment[156]. - The impairment loss allowance for trade receivables increased from RMB 68,789,000 in 2023 to RMB 75,533,000 in 2024, showing a rise of 10%[163]. Corporate Governance and Compliance - The company has complied with all applicable code provisions of the Corporate Governance Code during the reporting period, except for provisions C.2.1 and C.6.2[169]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed full compliance by all directors during the reporting period[173][174]. - The audit committee has reviewed the unaudited annual results for the year ended December 31, 2024, and met with the independent auditor, PricewaterhouseCoopers[175]. Discontinued Operations - The company reported a loss after income tax from discontinued operations of RMB 151,373,000 in 2023, which improved to a profit of RMB 209,499,000 in 2024 following the sale of subsidiaries[147]. - The total comprehensive income from discontinued operations improved from a loss of RMB 141,249,000 in 2023 to a gain of RMB 233,969,000 in 2024[147]. - The cash consideration received from the sale of subsidiaries in 2024 was RMB 839,087,000, resulting in a net cash inflow of RMB 723,171,000 after accounting for cash and bank balances disposed of[148]. Future Outlook - The Group's revenue growth rate is projected to decline between -10% to -13% in 2023 and -25% to 10% in 2024, indicating a challenging market environment[161]. - The Group is currently assessing the implications of adopting IFRS 18, which is expected to impact the presentation and disclosure of financial statements starting January 1, 2027[112].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Cayman Islands (Jurisdiction of incorporation or organization) 21/24F, Ping ...

Financial Performance - For the year ended December 31, 2024, the revenue from continuing operations was RMB 2,248.1 million, a decrease of 36.2% compared to RMB 3,521.6 million for the year ended December 31, 2023[10]. - The gross profit margin for continuing operations was 35.8% for the year ended December 31, 2024, down from 37.7% for the year ended December 31, 2023[10]. - The net loss attributable to owners from continuing operations was RMB 669.2 million for the year ended December 31, 2024, compared to RMB 211.3 million for the year ended December 31, 2023[10]. - The net loss margin attributable to owners from continuing operations was -29.8% for the year ended December 31, 2024, compared to -6.0% for the year ended December 31, 2023[10]. - The basic and diluted loss per American Depositary Share from continuing operations was RMB 18.42 for the year ended December 31, 2024, compared to RMB 5.82 for the year ended December 31, 2023[10]. - The total net loss attributable to owners from both continuing and discontinued operations was RMB 459.7 million for the year ended December 31, 2024, compared to RMB 362.7 million for the year ended December 31, 2023[10]. - The net loss margin attributable to owners from both continuing and discontinued operations was -20.4% for the year ended December 31, 2024, compared to -10.3% for the year ended December 31, 2023[10]. - The operating loss for the year ended December 31, 2024, was RMB 303.5 million, compared to an operating loss of RMB 217.3 million for the year ended December 31, 2023[10]. - The gross profit from continuing operations dropped by 39.3% from RMB 1,326.0 million in 2023 to RMB 804.5 million in 2024, with a gross margin of 35.8% compared to 37.7% in 2023[35]. - The company recorded a net loss of RMB 83.5 million in other income, gains, or losses for the year ended December 31, 2024, compared to a gain of RMB 69.2 million in 2023, primarily due to goodwill impairment[40]. Revenue Sources - Revenue from Ping An Group and Lufax was RMB 1,307.1 million for the year ended December 31, 2024, a decrease of 44.6% from RMB 2,360.1 million for the year ended December 31, 2023[9]. - Revenue from third-party customers was RMB 941.0 million for the year ended December 31, 2024, a decrease of 19.0% from RMB 1,161.5 million for the year ended December 31, 2023[9]. - The revenue growth rate assumption for the cash-generating unit was revised down to -25% to 10% for 2024, compared to -10% to 13% for 2023[45]. - The largest customer, Ping An Insurance Group, accounted for approximately 53.0% of total revenue from continuing operations for the year ended December 31, 2024, down from 59.4% in 2023[153]. - The top five customers generated about 64.5% of total revenue from continuing operations for the year ended December 31, 2024, compared to 70.5% in 2023[153]. Strategic Initiatives - The company aims to reduce its revenue concentration from the Ping An Group, which has been impacted by adverse macroeconomic conditions and industry challenges[15]. - The company is focused on enhancing its digital capabilities to improve operational efficiency and customer service[16]. - The company plans to invest most of its remaining liquidity into R&D and expand its ecosystem and overseas business, focusing on fintech and AI industries[30]. - The company is enhancing its long-term strategic planning for product and overseas development management in 2024[79]. - The company is focused on exploring innovative technologies in the financial sector to drive digital transformation[87]. Operational Changes - The company completed the sale of its virtual banking business to Lufax Holdings for cash consideration of HKD 933 million on April 2, 2024[12]. - The company plans to phase out cloud services starting July 2024, leading to a significant decline in revenue from this segment in the second half of 2024[22]. - The company has decided to gradually terminate its cloud services starting July 2024, impacting its revenue and operational performance[41]. - The company completed the sale of Ping An OneConnect Bank (Hong Kong) Limited for a cash consideration of HKD 933 million, resulting in a post-tax gain of RMB 260.1 million[64]. - The company completed the sale of Jin Yi Tong Limited and its subsidiary, PAO Bank Limited, for a cash consideration of HKD 933 million, allowing the company to focus on technology-driven products and services[167]. Research and Development - R&D expenses decreased by 46.5% from RMB 955.2 million in 2023 to RMB 510.9 million in 2024, mainly due to lower labor costs[36]. - The company has achieved significant advancements in product upgrades and algorithm model enhancements for digital retail and credit solutions in 2024[18]. - The company is committed to providing comprehensive learning opportunities for employees to enhance efficiency and service[87]. Risk Management - The company has established a comprehensive concentration risk management policy and limit framework to monitor and ensure effective execution[75]. - The company has a robust information technology risk management system to address potential risks such as data breaches and unauthorized access[80]. - The company is implementing measures to strengthen its reputation risk management framework, including proactive identification of potential risks[83]. - The company has established a liquidity risk management mechanism to ensure it can meet operational and external debt obligations under reasonable stress scenarios[84]. - The company has established a risk management framework overseen by the board, which includes setting risk management objectives and policies[122]. Corporate Governance - The board consists of one executive director (Chairman and CEO), four non-executive directors, and four independent non-executive directors as of December 31, 2024[93]. - The company has established a mechanism to ensure the board receives independent views and opinions, maintaining a strong level of independence[96]. - The company has complied with all applicable code provisions during the reporting period, except for specific deviations disclosed in the report[88]. - The company has adopted a board diversity policy, which considers various factors such as professional experience and gender when selecting board candidates[113]. - The company has established an Audit Committee and a Remuneration and Nomination Committee, with the majority of members being independent non-executive directors[103]. Employee Information - The total number of employees as of December 31, 2024, was 1,937, with the majority (1,226) in research and development[70]. - Employee benefits expenses for ongoing operations amounted to RMB 929.0 million for the year ended December 31, 2024[71]. - The total number of full-time employees as of December 31, 2024, is approximately 66% male and 34% female, with ongoing efforts to ensure gender diversity in senior management recruitment[114]. - Employee compensation is linked to performance, and the company provides various benefits and training to enhance productivity[157]. Related Party Transactions - The company is involved in ongoing related party transactions with its controlling shareholder, Ping An, and its subsidiaries[170]. - The total value of right-of-use assets related to property lease agreements with Ping An's subsidiaries was RMB 28.58 million, while the actual transaction amount was RMB 15.24 million[172]. - The transaction amount paid by Ping An's subsidiaries and associates for services and products was RMB 3,850 million, with an actual transaction amount of RMB 1,343.52 million[172]. - The maximum daily balance of deposits held by the group with Ping An's subsidiaries was RMB 1,140.64 million, with interest income from these deposits amounting to RMB 17.65 million, and the actual interest income was RMB 15.05 million[172]. - The maximum daily balance of financial products purchased from Ping An's subsidiaries was RMB 1,140.64 million, with investment income received amounting to RMB 19.26 million, while the actual investment income was RMB 8.84 million[172].

【环球网财经综合报道】近期，2025年世界互联网大会亚太峰会的举办，标志着这座城市正从传统金融中心向"数字金融创新策源地"加速转 型。这一转型背后，是全球金融科技行业正以18.7%的年复合增长率(CAGR)高速扩张，2024年市场规模突破8.5万亿美元。其中，亚太地区以 45%的份额领跑，中国贡献1.9万亿美元，成为全球增长核心引擎。 自2018年起，金融壹账通以"技术+业务"双轮驱动战略，将业务版图扩展至20个国家和地区，累计服务197家境外金融机构。 有机构认为，2025年，AI大模型、量子计算、区块链+物联网成为技术升级的关键词。生成式AI已重塑智能客服、合规审计等场景，准确率突 破85%;量子加密技术进入实验室验证阶段，2030年或带来百倍算力提升。 在此背景下，一些企业捕捉这一战略窗口，选择香港作为"业务出海"的桥头堡，金融壹账通便是其中之一。作为中国平安集团唯一对外金融科 技输出窗口，金融壹账通率先布局，形成"政策+市场+技术"的三维驱动模式，深耕香港、辐射亚太、服务全球的出海布局。 具体来看，2023年11月，由金融壹账通技术支持的IPO智能结算平台FINI正式启用。此外，其EKYC-香港身份证 ...

本报讯 （记者李冰）近日，为期两天的2025年世界互联网大会亚太峰会在中国香港落幕。据悉，作为 中国平安集团唯一对外金融科技输出窗口，金融壹账通在该活动期间展现了其深耕中国香港、辐射亚 太、服务全球的出海布局。 金融壹账通董事长兼CEO陈当阳在2025年世界互联网大会亚太峰会数字金融论坛上表示，金融壹账通作 为平安唯一对外金融科技输出窗口，致力于成为金融科技及人工智能行业的领军企业。对内服务平安集 团，参与科技创新；对外为金融机构提供"技术+业务"赋能。 据了解，金融壹账通在支持多元平台服务改造的基础上，为香港特区政府及企业提供了一系列数字化解 决方案，持续提升了公共服务的高可用性，推动了金融机构长期业务发展规划，为建设智慧香港，打造 更高效和可持续发展的数字经济贡献了重要力量。 据介绍，2023年11月，由金融壹账通提供技术支持的IPO智能结算平台FINI正式启用。FINI平台的启 用，为香港保持全球筹资中心的核心竞争力持续贡献力量。金融壹账通还在香港地区上线了EKYC-香 港身份证单角度核验产品，通过优化用户操作流程，用户操作时长得以大幅缩减50%。 此外，依托香港数码港等战略合作伙伴，金融壹账通构建起跨 ...

Group 1 - The core theme of the event was "Digital Intelligence Technology Empowering Financial Inclusiveness," highlighting the strategic layout and practical achievements of Ping An Group in comprehensive finance and healthcare for the elderly [1] - Ping An Group has established a full value chain service system covering insurance, asset management, banking, and healthcare for the elderly, addressing the challenges of an aging population [3] - In 2024, Ping An Group invested a total of 10.14 trillion yuan to support the real economy, with over 1 trillion yuan of insurance funds directed towards technological innovation [3] Group 2 - The scale of green financial investments from insurance funds reached 124.71 billion yuan, with green loan balances at 157.76 billion yuan [3] - Ping An provided loans totaling 160.22 billion yuan to small and micro enterprises, with a remaining balance of 506.33 billion yuan [3] - The digital finance sector achieved 1.84 billion AI service interactions, with a 93% instant underwriting rate for life insurance policies [3] Group 3 - Ping An's continuous investment in technology exceeds 10 billion yuan annually, with the establishment of five algorithm laboratories, nine databases, and a three-layer model technology platform [4] - The company has over 3,000 scientists and has filed 55,080 patent applications, receiving multiple awards for financial technology from the central bank [4] - Ping An Yizhangtong serves as the core platform for the company's financial technology output, supporting the digital transformation of financial institutions through a "technology + business" empowerment model [4]

Core Viewpoint - Ping An Group is committed to providing comprehensive and diversified financial and healthcare services, leveraging technology to enhance financial inclusivity and address the challenges of an aging population [1][2]. Group 1: Business Overview - Ping An Group operates in various sectors including insurance, asset management, banking, and healthcare, with subsidiaries like Ping An Life Insurance and Ping An Property Insurance catering to different customer needs [1]. - The company has invested 10.14 trillion yuan in supporting the real economy and has allocated over 1 trillion yuan in insurance funds for technological innovation [2]. Group 2: Financial Performance - In the green finance sector, Ping An has achieved a cumulative green investment scale of 124.71 billion yuan and a green loan balance of 157.76 billion yuan [2]. - Ping An Bank has issued loans totaling 160.22 billion yuan to micro and small enterprises, with a loan balance of 506.33 billion yuan [2]. - Over 150 home care service providers have been contracted, benefiting more than 160,000 clients in the elderly care sector [2]. Group 3: Technological Innovation - Ping An invests hundreds of billions annually in technology research and development, establishing five algorithm laboratories and nine databases, with over 3,000 scientists and 55,080 patent applications [2]. - The company utilizes advanced models for precise claims processing in insurance, and has developed the Eagle Eye natural disaster platform for early intervention in flood risks [3]. Group 4: Future Direction - Ping An aims to strengthen its role as a leader in financial technology and artificial intelligence, focusing on internal innovation and external empowerment for financial institutions [3]. - The company is committed to the "Financial for the People" principle, driving its strategy through technological innovation [3].

金融壹账通董事长兼CEO陈当阳：贷款累计发放额1602.24亿元，贷款余额5063.31亿元 金十数据4月15日讯，金融壹账通董事长兼CEO陈当阳指出，2024年，投入10.14万亿元支持实体经济发 展，服务科技创新产业的保险资金超1万亿。绿色金融方面，累计保险资金绿色投资规模1247.12亿元， 累计绿色贷款余额1577.62亿元。普惠金融领域，平安银行服务普惠型小微企业，贷款累计发放额 1602.24亿元，贷款余额5063.31亿元。养老金融上，居家养老服务累计签约服务供应商超150家，超16万 名客户获得居家养老服务。数字金融层面，2024年平安AI坐席服务量约18.4亿次，寿险保单秒级核保占 比达93%。 ...

在零售银行及财富管理领域，身份识别防Deepfake反欺诈与AI智能投顾成为双方热议焦点。花旗银行高度 关注金融壹账通参与香港特区政府和其他香港银行的身份识别与防Deepfake反欺诈功能进展，双方就开 户、贷款中的伪造风险防控展开交流。金融壹账通展示了其在智能客服与AI投顾系统上的创新应用，花旗 银行代表对其技术成熟度与业务适配性给予积极评价，并表达了在多个场景深化合作的强烈意愿。 金融壹账通团队还分享了生成式AI（GenAI）在金融领域的应用案例，涵盖智能客服、信用评估及个性化 营销等多个方面，并就大模型技术在银行业务中的落地前景与花旗银行代表交换了前瞻性见解。此外，金 融壹账通展示了基于人工智能的智能风控技术，详细介绍了如何通过数据建模提升贷款审批效率与精准 度。双方重点围绕信用评估与风险控制的创新模式交换了意见，为金融风控领域带来新的思路与启发。 据介绍，下一步，双方将持续发挥各自在金融场景与技术研发上的优势，在企业银行、零售银行、及前沿 技术应用等领域深化合作，共同推动全球金融行业的数字化转型进程，为全球金融市场的稳定与发展贡献 更多力量。（陈十一） 【环球网财经综合报道】近日，全球知名金融机构花旗 ...

大事提醒： 3月18日，金融壹账通将于(美东)盘前披露2024财年年报（数据来源于纳斯达克官网，预计披露日期为 美国当地时间，实际披露日期以公司公告为准）。 资料显示，壹账通金融科技有限公司是面向金融机构的商业科技服务提供商(Technology-as-a-Service Provider),为国家高新技术企业。作为中国平安集团的联营公司,金融壹账通依托平安集团30多年金融行 业的丰富经验及自主科研能力,向客户提供"横向一体化、纵向全覆盖"的整合产品——包括数字化银 行、数字化保险和提供数字金融基础设施的加马平台。公司以"技术+业务"为独特竞争力,帮助客户提升 效率、提升服务、降低成本、降低风险,实现数字化转型。·公司于2019年12月登陆纽约交易所。·根据灼 识咨询的资料,按2020年金融软件及服务收入计算,公司在已上市的中国商业科技服务提供商中排名第 二。·公司于2021年9月提出"一体两翼"升级战略,以服务金融机构数字化转型为一体,同步拓展生态和境 外两翼,积极推动金融服务生态的整体数字化转型。·2022年7月公司正式在香港交易所挂牌上市。金融壹 账通拥有强大的人工智能、大数据和区块链等前沿科技实力。截 ...