公司資料 周永健先生 郭曉濤先生 執行董事 葉冠榮先生 授權代表 紐約證券交易所 股份代碼：OCFT 總部 香港主要營業地點 www.ocft.com 香港股份過戶登記分處 合規顧問 財務表現摘要 2023年度報告 4 • 截至2023年12月31日止年度的歸母淨虧損收窄58.4%至人民幣362.7百萬元，而截至2022年12月31日止 年度則為人民幣872.3百萬元。截至2023年12月31日止年度，歸母淨利潤率較截至2022年12月31日止年度 的-19.5%提升至-9.9%。 | --- | --- | --- | --- | |------------------------------------------|-----------|-----------|--------| | | | | | | 收入 | | | | | 來自平安集團的收入 | 2,091,039 | 2,526,682 | -17.2% | | 來自陸金所的收入 | 269,073 | 459,419 | -41.4% | | 來自第三方客戶的收入 2 | 1,307,396 | 1,477,901 | -11.5% | | ...

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。 截至2023年12月31日止年度 的年度業績公告 財務表現摘要 • 截至2023年12月31日止年度的經營虧損收窄62.5%至人民幣368.2百萬元， 而截至2022年12月31日止年度則為人民幣981.6百萬元。經營利潤率較截至 2022年12月31日止年度的-22.0%提升至-10.0%。 • 截至2023年12月31日止年度的每股普通股虧損淨額（基本及攤薄）為人民 幣-0.33元，而截至2022年12月31日止年度則為人民幣-0.80元。截至2023 年12月31日止年度的每股美國存託股虧損淨額（基本及攤薄）為人民幣-9.99 元，而截至2022年12月31日止年度則為人民幣-23.90元。 | --- | --- | --- | --- | |------------------------------------------|---------------|-----------|------ ...

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） 本公告乃根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及 證券及期貨條例（第571章）第XIVA部刊發。 本文附表一為本公司於2024年3月18日（美國東部時間）刊發的有關第四季度及全 年業績的新聞稿全文，其中部分內容可能構成本公司的內幕消息。 本公告包含前瞻性陳述。該等陳述構成《1934年證券交易法》（經修訂）第21E條 及《1995年美國私人證券訴訟改革法案》所界定的「前瞻性」陳述。該等前瞻性陳 述可以通過「將要」、「預計」、「預期」、「未來」、「打算」、「計劃」、「認為」、「估 計」、「相信」和類似陳述等術語加以識別。該等陳述乃基於管理層當前的預期以 及當前的市場和經營狀況，並與涉及已知或未知風險、不確定性和其他因素的事 件有關，而所有該等因素均難以預測且大多數超出本公司的控制範圍。前瞻性陳 述涉及內在風險和不確定性。許多因素可能導致實際結果與任何該等前瞻性陳述 中載列的結果存在重大差異， ...

Financial Performance - Revenue for Q3 2023 decreased by 21.0% year-over-year to RMB 548 million, compared to RMB 694 million in the same period last year[1]. - Revenue for Q3 2023 was RMB 844 million, down 21.1% from RMB 1,069 million in the same period last year[34]. - Total revenue for the nine months ended September 30, 2023, was RMB 2.74 billion, down 14.9% from RMB 3.22 billion in the same period last year[48]. - Revenue from Ping An Group decreased by 20.6% year-over-year to RMB 476 million in Q3 2023[35]. - Revenue from Lufax Holdings dropped 48.5% year-over-year to RMB 61 million in Q3 2023[35]. - Implementation revenue fell by 13.4% year-over-year to RMB 175.2 million, attributed to new customers still recovering from the pandemic, leading to weak demand[46]. - The digital banking segment revenue for Q3 2023 was RMB 201.3 million, down 41.4% year-over-year, with a nine-month total of RMB 695.4 million, down 36.0%[47]. - Revenue from the platform segment decreased by 2.4% year-on-year to RMB 457 million, accounting for 54.1% of total revenue, primarily due to a decline in transaction volume on the open platform[61]. - Revenue from the digital insurance segment decreased by 35.2% year-on-year to RMB 149 million, primarily due to a decline in demand for automotive ecosystem services[61]. - Customer service revenue decreased by 70.9% year-on-year to RMB 27 million, mainly due to a decline in transaction volume and the active elimination of lower-value products in the digital banking segment[62]. - Revenue from risk management services decreased by 26.3% year-on-year to RMB 77 million, primarily due to slower-than-expected recovery in banking activities, leading to reduced transaction volumes for banking loan solutions[62]. - Operating support services revenue decreased by 33.5% year-on-year to RMB 195 million, mainly due to reduced demand affecting the usage of auto insurance and banking clients in the third quarter[62]. - The virtual banking segment revenue increased by 30.4% year-over-year to RMB 36.9 million, with a nine-month total of RMB 103.3 million, up 39.6%[47]. - Revenue from the cloud services platform was RMB 297 million, representing a slight increase of 0.2% year-on-year[62]. Expenses and Losses - Research and development expenses for Q3 2023 were RMB 230,189 thousand, down from RMB 287,221 thousand in Q3 2022, reflecting a reduction of approximately 19.9%[4]. - Total operating expenses reduced to RMB 401 million in Q3 2023 from RMB 548 million in Q3 2022, with the percentage of operating expenses to revenue decreasing from 51.3% to 47.5%[17]. - Operating loss significantly reduced to RMB 96 million in Q3 2023 from RMB 155 million in Q3 2022, improving the operating margin from -14.5% to -11.4%[18]. - The net loss for Q3 2023 was RMB 94,255 thousand, compared to a net loss of RMB 140,709 thousand in Q3 2022, indicating an improvement of about 33.0%[4]. - Net loss attributable to shareholders decreased to RMB 91 million in Q3 2023 from RMB 133 million in Q3 2022, with basic and diluted loss per ADS improving from RMB -3.66 to RMB -2.50[19]. - Cash used in operating activities was RMB 190 million, while cash generated from investing activities was RMB 218 million in Q3 2023[21]. Assets and Liabilities - Total assets as of September 30, 2023, were RMB 8,433,182 thousand, down from RMB 8,882,382 thousand at the end of 2022, representing a decrease of approximately 5.0%[7]. - The total liabilities as of September 30, 2023, were RMB 5,381,685 thousand, down from RMB 5,604,327 thousand at the end of 2022, indicating a reduction of approximately 4.0%[9]. - The company’s equity attributable to owners was RMB 3,073,127 thousand as of September 30, 2023, compared to RMB 3,292,707 thousand at the end of 2022, reflecting a decrease of about 6.7%[7]. - Cash and cash equivalents at the end of Q3 2023 were RMB 1,451,556 thousand, a decrease from RMB 1,907,776 thousand at the end of 2022, reflecting a decline of about 24.0%[12]. Operational Efficiency and Strategy - The company continues to focus on cost control and optimizing business processes, leading to a significant reduction in general and administrative expenses from RMB 167 million to RMB 94 million[17]. - The company is actively adjusting its product mix and implementing strategic measures to optimize cost structure and improve operational efficiency[44]. - The management is focused on identifying and improving underperforming business areas to strengthen revenue structure[44]. - The company plans to continue investing in technological innovation and organizational capabilities to enhance sales and marketing efficiency[59]. - The company aims to accelerate the development of high-value products while focusing on improving gross margins and profitability[59]. - The company is expanding its services to support the digital transformation of the financial services ecosystem, including exporting technology solutions to overseas financial institutions[23]. Upcoming Events - The earnings conference call is scheduled for November 13, 2023, at 7 PM ET, with financial performance and archived meeting records to be published on the company's investor relations website[22]. - The company plans to submit Form 6-K to the SEC on November 14, 2023, regarding Q3 performance[38]. Profitability Metrics - The company reported a gross profit of RMB 295,106 thousand for the nine months ended September 30, 2023, compared to RMB 991,339 thousand for the same period in 2022, a decrease of about 70.3%[4]. - Gross profit decreased from RMB 375 million in Q3 2022 to RMB 295 million in Q3 2023, with a slight decline in gross margin from 35.1% to 35.0%[16]. - Non-IFRS gross margin improved from 38.4% in Q3 2022 to 39.4% in Q3 2023[16]. - Gross margin slightly decreased to 35.0% from 35.1% year-over-year, while non-IFRS gross margin improved by 1.0 percentage point to 39.4%[55].

Financial Performance - For the six months ended June 30, 2023, the total comprehensive loss amounted to RMB 135,905,000, a decrease from RMB 352,758,000 in the same period of 2022, representing a 61.4% improvement[4] - The basic and diluted loss per share attributable to the owners of the company was RMB 0.17, compared to RMB 0.51 in the previous year, indicating a 66.7% reduction in loss per share[4] - The company reported a net loss of RMB 198,523 thousand, compared to a net loss of RMB 590,192 thousand in the same period of 2022, indicating a substantial reduction in losses[114] - Total revenue for the six months ended June 30, 2023, was RMB 1,899,346 thousand, a decrease of 11.8% from RMB 2,152,703 thousand in the same period of 2022[114] - Gross profit for the same period was RMB 696,233 thousand, down from RMB 759,283 thousand, reflecting a gross margin decrease[114] - Operating loss for the six months was RMB 192,939 thousand, significantly improved from a loss of RMB 632,513 thousand in the prior year[114] Assets and Liabilities - Non-current assets totaled RMB 2,227,857,000, down from RMB 2,508,106,000 as of December 31, 2022, reflecting a decrease of 11.1%[7] - Current assets decreased slightly to RMB 6,254,882,000 from RMB 6,374,276,000, a decline of 1.9%[7] - Total assets as of June 30, 2023, were RMB 8,482,739,000, down from RMB 8,882,382,000 at the end of 2022, representing a decrease of 4.5%[9] - The company's equity attributable to owners decreased to RMB 3,167,117,000 from RMB 3,292,707,000, a decline of 3.8%[9] - The total liabilities decreased to RMB 5,333,898,000 from RMB 5,604,327,000, reflecting a reduction of 4.8%[9] Cash Flow and Investments - Cash used in operating activities was RMB 632,914 thousand, a decrease from RMB 793,056 thousand in the prior period, indicating improved cash flow management[18] - Cash inflow from investing activities was RMB 298,119 thousand, significantly lower than RMB 1,507,894 thousand in the previous period, reflecting reduced investment activity[18] - The company recorded a net cash outflow from financing activities of RMB 88,901 thousand, compared to RMB 692,275 thousand in the prior period, showing a decrease in financing needs[18] - As of June 30, 2023, cash and cash equivalents totaled RMB 1,519,513 thousand, up from RMB 1,445,058 thousand at the same time last year[18] Revenue Breakdown - Revenue from technology solutions implementation increased to RMB 443,023 thousand, up 29.3% from RMB 342,611 thousand in the previous year[85] - Revenue from operational support services was RMB 471,585 thousand, down 17.6% from RMB 572,105 thousand in the prior year[85] - Revenue from customer acquisition services decreased significantly to RMB 81,127 thousand, down 63.0% from RMB 219,494 thousand in the same period last year[85] - Revenue from risk management services was RMB 150,317 thousand, a decrease of 24.3% compared to RMB 198,497 thousand in the previous year[85] - Revenue from cloud service platform was RMB 614,620 thousand, down 7.6% from RMB 665,207 thousand in the same period of 2022[85] Operational Challenges - The ongoing COVID-19 pandemic has negatively impacted the group's operations, leading to delays in project implementation and customer interactions, affecting revenue growth[38] - The board highlighted the ongoing risks and uncertainties that may affect future performance, including regulatory changes and market conditions[90] Cost Management - The company has implemented cost-cutting measures, resulting in a significant reduction in total operating expenses across various categories[114] - Research and development expenses decreased to RMB 528,039 thousand from RMB 740,513 thousand, a reduction of 28.7%[114] - The company reported a decrease in general and administrative expenses to RMB 242,118 thousand from RMB 401,921 thousand, a reduction of 39.7%[114] Future Plans and Strategies - The company plans to expand its cloud financial technology solutions and online information services in the Chinese market, leveraging its existing infrastructure[20] - The company aims to enhance its market expansion strategies and product development initiatives in the upcoming quarters to drive future growth[187]

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。 ...

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，並明確表示概不就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） 內幕消息 截至2023年6月30日止第二季度及半年度的未經審核財務業績 及 海外監管公告 本公告根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及證 券及期貨條例（第571章）第XIVA部刊發。 壹賬通金融科技有限公司（「本公司」或「壹賬通」）欣然公佈根據美國證券交易委員 會的適用規則刊發的本公司及其附屬公司以及綜合聯屬實體截至2023年6月30日 止第二季度及半年度的未經審核財務業績（「第二季度及上半年業績」）。 本文附表一為本公司於2023年8月16日（美國東部時間）刊發的有關第二季度及上 半年業績的新聞稿全文，其中部分內容可能構成本公司的內幕消息。 本公司亦根據上市規則第13.10B條作 ...

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].

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].

Revenue Performance - Revenue for Q3 2022 reached RMB 1,069 million, a year-on-year increase of 0.4% from RMB 1,065 million[9] - Revenue from Ping An Group was RMB 599 million, a decrease of 0.3% year-on-year, while revenue from third-party clients remained stable at RMB 351 million[10] - Revenue from Lufax increased by 5.2% year-on-year to RMB 118 million, and revenue from third-party clients increased by 6.4% to RMB 1,036 million over nine months[10] - In Q3 2022, total revenue increased by 0.4% year-on-year to RMB 1,069 million, driven by growth in operational support services and implementation revenue[16] - Revenue from operational support services grew by 4.8% year-on-year, benefiting from increased demand for smart voice products[15] - The implementation revenue rose by 7.0% year-on-year to RMB 202 million, supported by ongoing digital transformation efforts[15] Profitability Metrics - Gross margin for Q3 2022 was 35.1%, slightly down from 35.5% in the same period last year[9] - The company reported a non-IFRS gross margin of 38.4%, down from 42.2% year-on-year[10] - The net profit margin improved significantly from -25.3% to -12.4%, an optimization of 13 percentage points[13] - The operating loss margin for Q3 2022 was -14.5%, an improvement from -26.6% in the previous year[10] - The operating loss for Q3 2022 was RMB 155 million, an improvement from RMB 283 million in the same period last year, with the operating margin improving from -26.6% to -14.5%[21] Net Loss and Earnings Per Share - Net loss attributable to shareholders was RMB 133 million, improving from a net loss of RMB 270 million in the previous year, resulting in a net margin of -12.4% compared to -25.3%[9] - Basic and diluted loss per American Depositary Share was RMB -0.36, improving from RMB -0.72 in the same period last year[9] - The net loss attributable to the company’s owners for the three months ended September 30, 2022, was RMB (140,709) thousand, compared to RMB (132,563) thousand in the same period of 2021, representing an increase in loss of approximately 6%[34] Expenses and Cost Management - In Q3 2022, total operating expenses amounted to RMB 548 million, down from RMB 624 million in the same period last year, representing a decrease from 58.6% to 51.3% of revenue[20] - R&D expenses in Q3 2022 decreased to RMB 287 million from RMB 323 million year-over-year, accounting for 26.9% of revenue compared to 30.4% in the previous year[20] - Sales and marketing expenses fell to RMB 94 million in Q3 2022 from RMB 131 million in the same period last year, reducing the percentage of revenue from 12.3% to 8.8%[20] Customer and Market Development - The company aims to maintain and expand its customer base while enhancing customer engagement[4] - The number of high-quality customers grew from 154 to 163, an increase of 9 customers year-on-year[13] - The company launched a new digital management platform for life insurance agents, enhancing its digital capabilities in the insurance sector[13] - The company announced the launch of a small and medium enterprise financing platform in Abu Dhabi, marking its expansion into the UAE market[13] Cash Flow and Financial Position - Cash used in operating activities for Q3 2022 was RMB 128 million, while cash generated from investing activities was RMB 25 million and from financing activities was RMB 62 million[24] - Cash and cash equivalents as of September 30, 2022, were RMB 1,455,767 thousand, compared to RMB 1,399,370 thousand as of December 31, 2021, showing a slight increase of about 4%[40] - Total assets as of September 30, 2022, amounted to RMB 8,963,926 thousand, an increase from RMB 9,340,607 thousand as of December 31, 2021[40] - Total liabilities as of September 30, 2022, were RMB 5,430,720 thousand, a decrease from RMB 5,505,525 thousand as of December 31, 2021[40] Future Outlook - Future outlook includes addressing regulatory changes and maintaining relationships with key partners like Ping An Insurance[4]