Core Viewpoint - Financial One Account (6638.HK/OCFT.N), known as the "first stock in financial technology," is moving towards privatization and delisting, with the approval of its privatization plan by the State Administration for Market Regulation [2][8]. Financial Performance - For the first half of 2025, Financial One Account reported a revenue of RMB 801 million, with a gross margin of 26.1%. Revenue from transaction-based and support services reached RMB 510 million, with a 16.6% year-on-year increase in support services revenue to RMB 309 million [3]. - The company recorded a loss attributable to shareholders of RMB 78.5 million, a decline of 156.4% year-on-year [3]. International Expansion - As of June 30, 2025, Financial One Account expanded its overseas business to 20 countries and regions, serving 214 clients. Revenue from post-development maintenance services grew by 32.3% year-on-year due to increased demand from international clients [4]. - The company established a long-term strategic partnership with a well-known automotive service company in Vietnam and renewed cooperation with CIMB in the Philippines for core system projects [5]. Business Restructuring - Financial One Account is undergoing a transformation to reshape its business ecosystem, aiming to reduce reliance on the Ping An Group and provide technology solutions to a broader range of financial institutions [6]. - The company faces intense competition in the domestic financial technology market, which has led to a strategic decision to pursue privatization as a potential path forward [6][9]. Privatization Details - The privatization offer from the controlling shareholder, Platinum, is set at HKD 2.068 per share, representing a 72.33% premium over the closing price on February 27 [7]. - The privatization plan requires several preconditions, including regulatory approvals and support from at least 75% of attending shareholders, with a deadline of September 30, 2025 [8]. Market Challenges - The controlling shareholder believes that Financial One Account's business and financial performance face significant challenges, with long-term low stock prices and limited market interest being key factors driving the privatization [9].
或为私有化退市前最后一份公开财报！金融壹账通2025年上半年营收逾8亿元，股东应占溢利下降156.4％