OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q2 2023 Earnings Conference Call August 16, 2023 8:00 AM ET Company Participants Rick Chan - Head of Investor Relations Shen Chong Feng - Chairman and Chief Executive Officer Luo Yongtao - Chief Financial Officer Jessie Shen - Head of Strategy, Corporate Planning and Product Management Conference Call Participants Timothy Zhao - Goldman Sachs Lydia Lin - Morgan Stanley Laura Lee - CGS-CIMB Operator Ladies and gentlemen, thank you for standing by, and wel ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 OneConnect Financial Technology Co., Ltd. 壹賬通金融科技有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6638） （紐交所股份代碼：OCFT） 截至2023年6月30日止六個月的 中期業績公告 壹賬通金融科技有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公 司及其附屬公司以及其他綜合實體（統稱「本集團」）截至2023年6月30日止六個月 （「報告期」）的未經審核中期綜合業績，連同2022年同期的比較數字。 於本公告中，「我們」指本公司，倘文義另有所指，指本集團。 財務表現摘要 • 截至2023年6月30日止六個月的第三方客戶收入從2022年同期的人民幣685.0 百萬元減少7.0%至人民幣637.2百萬元。 ...

Revenue Performance - Revenue for Q2 2023 was RMB 973 million, down 14.1% from RMB 1,134 million in the same period last year[9] - Revenue from Ping An Group was RMB 580.8 million, a decrease of 14.9% year-on-year[10] - Revenue from Lufax was RMB 73.1 million, down 31.9% year-on-year[10] - Revenue from third-party clients was RMB 319.5 million, a decrease of 7.1% year-on-year[10] - In Q2 2023, the company's revenue decreased by 14.1% year-on-year to RMB 973 million, down from RMB 1,134 million in the same period last year, primarily due to a decline in transaction-based revenue and support services[17] - Revenue for Q2 2023 decreased by 14.2% to RMB 621 million from RMB 724 million in the same period last year[24] - The revenue from the digital platform segment decreased by 6.6% year-on-year to RMB 513 million, accounting for 52.7% of total revenue, attributed to reduced transaction volumes in cloud services[23] Profitability Metrics - Gross margin remained stable at 36.2%, while non-IFRS gross margin slightly decreased to 39.3% from 40.0% year-on-year[9] - Operating loss narrowed by 71.7% to RMB 79 million, compared to RMB 278 million in the same period last year[9] - Net loss attributable to shareholders decreased by 66.7% to RMB 82 million, improving the net profit margin by 13.2 percentage points to -8.4% from -21.6% year-on-year[9] - The company's gross profit margin increased from 35.3% to 36.7% year-on-year, while the net profit margin improved from -26.1% to -10.0%, reflecting a 16.1 percentage point year-on-year increase[19] - The basic and diluted net loss per American Depositary Share was RMB -2.25, compared to RMB -6.70 in the same period last year[10] - The net loss for the three months ended June 30, 2023, was RMB 85,508 thousand, an improvement from a net loss of RMB 257,884 thousand in the same period of 2022[40] Operating Expenses - Operating expenses for Q2 2023 decreased to RMB 440 million from RMB 678 million, representing 45.3% of revenue, down 14.5 percentage points[26] - R&D expenses for Q2 2023 decreased to RMB 240 million from RMB 378 million, accounting for 24.7% of revenue, down from 33.3%[26] - The company's cash used in operating activities for Q2 2023 was RMB 20 million, while cash used in investing activities was RMB 109 million[29] - The net cash used in operating activities for the six months ended June 30, 2023, was RMB (632,914) thousand, compared to RMB (793,056) thousand for the same period in 2022[49] Business Segments - The implementation revenue grew by 36.4% year-on-year to RMB 233 million, driven by contributions from new customer projects and ongoing delivery of existing contracts[15] - The digital banking segment's revenue decreased by 33.9% year-on-year to RMB 235 million, primarily due to reduced transaction volumes in customer acquisition and risk management services[16] - The digital insurance segment's revenue fell by 6.4% year-on-year to RMB 191 million, mainly due to decreased demand for automotive ecosystem services[16] - The overseas business continued to show strong growth, with revenue from the Hong Kong virtual banking business increasing by 39.7% year-on-year to RMB 34 million[15] Strategic Focus and Outlook - The company aims to maintain and expand its customer base while enhancing customer engagement[4] - Future outlook includes a focus on technological improvements and potential market expansion opportunities[4] - The company is focusing on improving the net profit margin for sustainable long-term growth in 2023[19] - The company is closely monitoring macroeconomic conditions and focusing on strategic execution to seize new opportunities[13] - The company continues to focus on digital transformation solutions for financial institutions, expanding its service offerings to support the financial services ecosystem[32] Financial Position - The total assets as of June 30, 2023, amounted to RMB 8,482,739 thousand, a decrease from RMB 8,882,382 thousand as of December 31, 2022, representing a decline of about 4.5%[42] - The company's cash and cash equivalents were RMB 1,519,513 thousand as of June 30, 2023, down from RMB 1,907,776 thousand at the end of 2022, indicating a decrease of approximately 20.4%[42] - The total equity attributable to the owners of the company was RMB 3,167,117 thousand as of June 30, 2023, down from RMB 3,292,707 thousand at the end of 2022, reflecting a decrease of about 3.8%[42] - Total liabilities decreased from RMB 5,604,327 thousand in the previous year to RMB 5,333,898 thousand[49] - The total current liabilities decreased from RMB 5,446,321 thousand to RMB 5,187,799 thousand[49]

Exhibit 99.1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. OneConnect Financial Technology Co., Ltd. 壹賬通金融科技有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 663 ...

OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q1 2023 Earnings Conference Call May 22, 2023 8:00 AM ET Company Participants Rick Chan - Head of Investor Relations Shen Chong Feng - Chairman and Chief Executive Officer Luo Yongtao - Chief Financial Officer Li Jie - Chief Technology Officer Michael Fei - Chief Executive, Ping An OneConnect Bank Conference Call Participants Timothy Zhao - Goldman Sachs Lydia Lin - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by, and welcome to t ...

Revenue Performance - Revenue for Q1 2023 was RMB 926 million, a decrease from RMB 1,019 million in the same period last year[4]. - Total revenue for Q1 2023 decreased by 9.1% to RMB 926 million from RMB 1,019 million in the same period last year, primarily due to a focus on high-value products and a reduction in low-margin customized projects[43]. - Revenue from customer service decreased by 57.3% to RMB 49 million, mainly due to reduced transaction volumes in retail banking customer service modules[43]. - Revenue from Ping An Group was RMB 536.854 million, down 2.2% year-over-year, while revenue from Lufax decreased by 44.7% to RMB 71.357 million[65]. - The digital banking segment's revenue decreased by 33.2% to RMB 258.738 million, primarily due to a reduction in transaction volumes for customer service and risk management services[69]. - Cloud service platform revenue was RMB 292 million, a slight decrease of 1.2% year-on-year, while virtual banking business revenue grew by 51.6% to RMB 32 million[9]. - The virtual banking business recorded a revenue increase of 51.6% to RMB 32.120 million in the first quarter of 2023[69]. Profitability and Loss - Net loss attributable to shareholders narrowed to RMB 109 million, compared to RMB 318 million in the same period last year, with basic and diluted loss per American depositary share improving from RMB -8.58 to RMB -3.00[15]. - The net loss attributable to shareholders decreased by 65.7% to RMB 109 million, compared to RMB 318 million in the same period last year, with a net loss margin improvement of 19.4 percentage points to -11.8% from -31.2%[38]. - For the first quarter of 2023, the company's operating loss decreased by 67.8% to RMB 114 million, compared to RMB 355 million in the same period last year, with an operating loss margin narrowing from 34.8% to 12.4%[64]. - Operating loss narrowed to RMB 114,411 thousand compared to RMB 354,895 thousand in the prior year, reflecting improved operational efficiency[80]. - The company aims to continue narrowing the net loss margin for sustainable growth in 2023[41]. Expenses Management - R&D expenses decreased from RMB 363 million to RMB 288 million, representing 31.1% of revenue, down from 35.6% in the previous year[13]. - General and administrative expenses reduced significantly from RMB 211 million to RMB 107 million, accounting for 11.6% of revenue, down from 20.7%[14]. - Sales and marketing expenses were reduced to RMB 64 million from RMB 109 million year-over-year, with the percentage of sales and marketing expenses to revenue decreasing from 10.7% to 6.9%[73]. - Operating expenses decreased from RMB 700 million to RMB 486 million, with operating expenses as a percentage of revenue dropping by 16.2 percentage points to 52.5%[47]. - The cost of revenue for the first quarter of 2023 decreased by 13.0% to RMB 583 million, primarily due to reduced service fees and the elimination of low-value projects[71]. Financial Position - The total liabilities decreased from RMB 5,604.3 million to RMB 5,288.4 million[22]. - Total assets amounted to RMB 8,406,382 thousand, down from RMB 8,882,382 thousand year-on-year[57]. - Cash and cash equivalents at the end of the period were RMB 1,646,431 thousand, an increase from RMB 1,270,695 thousand year-over-year[87]. - The company reported a net cash used in operating activities of RMB 613,264 thousand, an improvement from RMB 1,118,694 thousand in the previous year[87]. - Cash used in operating activities was RMB 613 million, while cash generated from investing activities was RMB 407 million[50]. Strategic Focus - The company expressed confidence in the potential of the Chinese fintech industry, with total technology spending by financial institutions expected to reach RMB 799.3 billion by 2025[6]. - The company continues to focus on customer deepening strategies and digital transformation amid a challenging macro environment[6]. - The company aims to strengthen product integration and deepen customer relationships in 2023, focusing on high-quality clients to support effective growth for financial institutions[67]. - The company has established long-term partnerships with financial institutions to meet their digital transformation needs and has successfully exported technology solutions to overseas financial institutions[76]. - The company continues to focus on maintaining and expanding its customer base while navigating regulatory challenges in the financial services sector[78].

Exhibit 99.1 OneConnect Announces First Quarter 2023 Unaudited Financial Results Gross Margin Improved by 2.8ppt and Net Loss Ratio to Shareholders Improved by 19.4ppt YoY for First Quarter 2023 SHENZHEN, China — (PR NEWSWIRE) — 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, 2023. First Quarter 2023 ...

Financial Performance - Total revenue for 2022 increased by 8.0% year-on-year to RMB 4.46 billion, with third-party customer revenue growing by 6.5% to RMB 1.48 billion[15]. - The gross profit margin improved by 1.8 percentage points to 36.6% compared to the previous year[15]. - Adjusted net profit margin improved by 13 percentage points to -18.0% year-on-year, reflecting operational efficiency improvements[15]. - The net loss attributable to shareholders for the year ended December 31, 2022, was RMB 872.3 million, an improvement from RMB 1,281.7 million for the year ended December 31, 2021[36]. - Operating loss decreased to RMB 981.6 million, improving the operating margin from -34.0% to -22.0% year-over-year[49]. - Net loss attributable to shareholders was RMB 872.3 million, with a net margin of -19.5%, improving from -31.0% year-over-year[38]. - The company reported a pre-tax loss of RMB 990.2 million for the year ended December 31, 2022, down from RMB 1,442.6 million in 2021[85]. - The company's loss decreased from RMB 1,330.5 million in the same period of 2021 to RMB 928.0 million for the year ended December 31, 2022[87]. Customer Growth and Revenue - The number of premium customers increased by 9 to 221, indicating a continued expansion in the customer base[15]. - Revenue from Ping An Group rose by 9.1% to RMB 2,526.7 million, while revenue from Lufax increased by 7.3% to RMB 459.4 million[38]. - The number of premium customers increased from 649 to 796, with a net expansion rate of 81%[45]. - The average revenue per premium customer rose from RMB 2.2 million to RMB 2.8 million[45]. - Interest and commission income from virtual banking surged by 210.4% to RMB 106.5 million, driven by rapid customer demand[54]. Operational Efficiency - The company has established strategic partnerships, including a collaboration with a leading private bank for wealth management transformation[17]. - The company continues to upgrade its core system products to meet domestic needs, offering over 400 basic core APIs[17]. - The digital credit service platform received recognition from the China Academy of Information and Communications Technology for innovation in digital inclusive finance[17]. - The company plans to continue investing in R&D activities to enhance the technology and applications used in its solutions, optimizing product structure by integrating single-module products into more comprehensive solutions[22]. - The company will maintain a prudent operating strategy, focusing on increasing third-party customer revenue and net profit margin in 2023[22]. Technology and Innovation - The digital banking solutions provided by the company include comprehensive offerings for retail and corporate banking, enhancing marketing and risk management efficiency[16]. - The company is actively expanding its digital insurance solutions, focusing on automating the entire claims process and improving service quality[18]. - By 2025, total technology spending by Chinese financial institutions is projected to reach RMB 799.3 billion, highlighting the growth potential in the sector[15]. - Revenue from technology solutions grew by 6.3% from RMB 4,098.0 million in 2021 to RMB 4,357.5 million in 2022, driven by increases in implementation services and cloud service platform revenue[73]. Expenses and Cost Management - The cost of revenue increased by 4.9% to RMB 2,829.0 million, primarily due to rising costs in technology solutions[57]. - Research and development costs increased by 4.8% from RMB 1,353.0 million in 2021 to RMB 1,417.7 million in 2022, driven by investments in existing solutions and innovation[59]. - Sales and marketing expenses decreased by 30.1% from RMB 588.4 million in 2021 to RMB 411.4 million in 2022, resulting in a reduction of the expense-to-revenue ratio from 14.2% to 9.2%[59]. - General and administrative expenses decreased by 2.0% from RMB 841.7 million in 2021 to RMB 824.7 million in 2022, with adjusted expenses at RMB 754.9 million, accounting for 16.9% of revenue[60]. Corporate Governance and Risk Management - The company has adopted corporate governance practices based on the principles and code provisions set out in Appendix 14 of the Listing Rules[127]. - The company’s risk management framework includes monitoring interest rate risks associated with floating and fixed-rate financial instruments[122]. - The company’s board believes that high corporate governance standards are essential for safeguarding shareholder interests and enhancing corporate value[126]. - The audit committee held 7 meetings during the year ended December 31, 2022, discussing unaudited financial performance for all four quarters[151]. Future Outlook and Strategic Plans - The company aims to explore opportunities in overseas markets with strong unmet digital transformation needs, leveraging solutions validated in China[22]. - The company expects that the opening of pandemic control measures in China and the introduction of economic support policies will be beneficial for long-term economic development[22]. - The company has no significant future plans for major investments or capital assets as of December 31, 2022[94]. - The company plans to establish a credit reporting service in Hong Kong, expected to commence operations by the end of 2023[109]. Employee and Organizational Structure - As of December 31, 2022, the group had a total of 64.8% male and 35.2% female full-time employees, including senior management[166]. - As of December 31, 2022, the board consisted of 11 directors, with 36% being female and 64% male, reflecting the company's diversity policy[200].

Foreign Currency and Financial Risk Management - The company is primarily exposed to foreign currency risk from USD/RMB exchange rate fluctuations, managing this risk through spot-forward derivative financial instruments [877]. - Interest rate risk is mainly associated with term deposits and short-term borrowings, all maturing within one year, with management strategies in place to match interest rate terms [879]. - The company mitigates credit risk by transacting with state-owned or reputable financial institutions, assessing credit quality, and implementing shorter credit periods [881]. - Liquidity risk is managed by maintaining adequate cash reserves and monitoring cash flows, ensuring sufficient funds for working capital and capital expenditures for the next 12 months [883]. - The company has developed independent procedures to review credit applications and manage credit risk on a portfolio basis, with annual limits approved by management [882]. Impact of COVID-19 on Credit Assets - In 2022, the quality of credit assets was impacted by COVID-19, prompting the company to enhance prudential management and technological empowerment [880]. Public Offerings and Financial Proceeds - The company completed its initial public offering in December 2019, issuing 31,200,000 ADSs, raising approximately US$311.0 million in net proceeds [897]. - In August 2020, the company completed a follow-on offering of 20,700,000 ADSs, raising US$372.6 million in net proceeds [898]. - A total of RMB1,499.1 million (US$217.3 million) was used for general corporate purposes from the proceeds of the public offerings [899]. - The company has not paid any of the net proceeds from its public offerings to directors, officers, or their associates [899]. - The follow-on offering included the full exercise of the underwriters' option to purchase additional ADSs [898]. - The initial public offering was underwritten by major financial institutions including Morgan Stanley and Goldman Sachs [897]. - The company intends to use the remaining proceeds from its public offerings as disclosed in its registration statements [899]. - The total number of ordinary shares represented by the ADSs issued in the initial public offering was 93,600,000 [897]. ADR Holders and Depositary Responsibilities - ADR holders are responsible for any taxes or regulatory charges related to their holdings, with the depositary having the right to deduct such amounts from distributions [892]. - The depositary may refuse services to ADR holders with unpaid fees or charges until such amounts are settled [890]. - The company did not receive any distributions from the depositary for the year ended December 31, 2022 [891]. Foreign Exchange Transactions - The company utilizes foreign exchange transactions to convert foreign currency into U.S. dollars, with rates determined by published benchmarks or third-party providers [888].

Exhibit 99.1 壹 账 通 金 融 科 技 有 限 公 司 ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. (Incorporated in the Cayman Islands with limited liability) Stock Code : 6638 NYSE: OCFT 4 Annual Report 2022 . . . Contents Corporate Information 2 Financial Performance Highlights 4 Chairman's Statement 8 Management Discussion and Analysis 12 Corporate Governance Report 19 Directors' Report 34 Biographical Details of Directors and Senior Management 50 Independent Auditor's Report 57 64 Consolidated Statements of Comprehensive Inc ...