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OneConnect to Announce Fourth Quarter and Full Year 2023 Financial Results
Prnewswire· 2024-03-06 11:00
SHENZHEN, China, March 6, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) ("OneConnect" or the "Company"), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release (i) the quarterly results of the Company and its subsidiaries for the three months ended December 31, 2023, and its publication and (ii) the annual results of the Company and its subsidiaries for the full year ended December 31, 2023, and its pu ...
OneConnect Announces Extraordinary General Meeting Results
Prnewswire· 2024-01-16 11:00
SHENZHEN, China, Jan. 16, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service provider for financial institutions in China, today announced the results of its extraordinary general meeting of shareholders held in Shenzhen on January 16, 2024. At the meeting, the shareholders of OneConnect Financial Technology Co., Ltd. approved, ratified and/or confirmed the following resolution: The share purchase agre ...
OCFT(OCFT) - 2023 Q3 - Earnings Call Transcript
2023-11-14 20:00
OneConnect Financial Technology Co. Inc. (NYSE:OCFT) Q3 2023 Earnings Conference Call November 14, 2023 8:00 AM ET Company Participants Shen Chong Feng - Chairman, Chief Executive Officer Luo Yongtao - Chief Financial Officer Rick Chan - Head of Investor Relations Conference Call Participants Lydia Lin - Morgan Stanley Yixuan Li - Guotai Junan Securities Alan Kuang - Citi Rick Chan Thank you Operator. Hello everyone and welcome to our 2023 third quarter earnings conference call. Our financial and operati ...
OCFT(OCFT) - 2023 Q2 - Earnings Call Transcript
2023-08-16 15:12
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 ...
OCFT(OCFT) - 2023 Q3 - Quarterly Report
2023-08-15 16:00
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 ...
OCFT(OCFT) - 2023 Q1 - Earnings Call Transcript
2023-05-22 18:08
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 ...
OCFT(OCFT) - 2023 Q2 - Quarterly Report
2023-05-21 16:00
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 ...
OCFT(OCFT) - 2022 Q4 - Annual Report
2023-04-23 16:00
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].
OCFT(OCFT) - 2022 Q4 - Annual Report
2023-04-23 16:00
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 ...
OCFT(OCFT) - 2022 Q4 - Earnings Call Transcript
2023-03-13 15:31
OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q4 2022 Earnings Conference Call March 13, 2023 8:00 AM ET Company Participants Danielle Gao - Head of Investor Relations Shen Chong Feng - Chairman and Chief Executive Officer Luo Yongtao - Chief Financial Officer Li Jie - Chief Technology Officer Conference Call Participants Timothy Zhao - Goldman Sachs Lydia Lin - Morgan Stanley Operator Hello, everyone, and welcome to the OneConnect Financial Technology Fourth Quarter and Full Year 2022 Earnings Rele ...