据交易所数据显示，12月17日，致保科技(ZBAO)盘中上涨13.76%，截至04:50，报1.024美元/股，成交 2.22万美元，总市值3391.29万美元。 本文源自：市场资讯 作者：行情君 财务数据显示，截至2024年12月31日，致保科技收入总额1.46亿人民币，同比增长73.73%；归母净利 润-64.46万人民币，同比增长82.26%。 资料显示，致保科技公司是一家在开曼群岛注册成立的境外控股母公司,主要通过其境内实体子公司致 保科技有限公司运营。致保科技是中国领先的保险科技公司。以"科技+保险经纪"重新定义保险经纪服 务,是保险经纪行业数字化转型的先行者。公司为B端渠道(涵盖一系列广泛的行业和组织,包括但不限于 互联网平台、大中型企业以及政府机构等)提供量身定制的数字化保险解决方案,嵌入渠道现有业务矩阵, 为渠道的C端客户提供数字化保险经纪服务。 ...

Group 1 - The core viewpoint of the article highlights the significant growth of ZBAO Technology, with a stock price increase of 7.75% and a market capitalization of $32.12 million as of December 16 [1] - ZBAO Technology reported total revenue of 146 million RMB for the year ending December 31, 2024, representing a year-on-year growth of 73.73% [1] - The company also recorded a net profit attributable to shareholders of -644,600 RMB, which is an improvement of 82.26% year-on-year [1] Group 2 - ZBAO Technology is registered in the Cayman Islands and operates primarily through its domestic subsidiary, ZBAO Technology Co., Ltd [1] - The company is recognized as a leading insurance technology firm in China, redefining insurance brokerage services through a "technology + insurance brokerage" model [1] - ZBAO Technology provides customized digital insurance solutions to B-end channels, which include a wide range of industries and organizations, integrating these solutions into existing business matrices to serve C-end customers [1]

据交易所数据显示，12月15日，致保科技(ZBAO)开盘上涨17.93%，截至22:30，报1.085美元/股，成交 13.99万美元，总市值3592.96万美元。 财务数据显示，截至2024年12月31日，致保科技收入总额1.46亿人民币，同比增长73.73%；归母净利 润-64.46万人民币，同比增长82.26%。 资料显示，致保科技公司是一家在开曼群岛注册成立的境外控股母公司,主要通过其境内实体子公司致 保科技有限公司运营。致保科技是中国领先的保险科技公司。以"科技+保险经纪"重新定义保险经纪服 务,是保险经纪行业数字化转型的先行者。公司为B端渠道(涵盖一系列广泛的行业和组织,包括但不限于 互联网平台、大中型企业以及政府机构等)提供量身定制的数字化保险解决方案,嵌入渠道现有业务矩阵, 为渠道的C端客户提供数字化保险经纪服务。 本文源自：市场资讯 作者：行情君 ...

Core Viewpoint - Financial One Account, a fintech company under Ping An, has officially delisted following the approval of its privatization plan by the Grand Court of the Cayman Islands, marking a swift exit from public markets after only six years since its IPO [1][4]. Privatization Details - The privatization offer was made by Platinum Holdings Limited, a subsidiary of Ping An, which held approximately 30.18% of Financial One Account's shares prior to the offer [2][3]. - The proposed acquisition price is HKD 2.068 per share, representing a premium of about 23.10% over the last closing price and approximately 117.91% over the average closing price of the last 180 trading days [2][3]. Financial Performance and Market Conditions - Since its listing, the stock price of Financial One Account has declined over 95%, attributed to low liquidity, reduced investor interest, and insufficient analyst coverage [5][6]. - The company has faced significant operational challenges, with revenues from its core business expected to decrease by approximately 36.16% from FY2023 to FY2024, leading to increased operating losses [6]. Strategic Implications - The decision to privatize is seen as a move to alleviate short-term market pressures and focus on long-term strategic development, as the public market has not reflected the company's value [4][5]. - Post-privatization, Platinum plans to inject additional financial resources and integrate the company further into the broader Ping An ecosystem [7].

Core Viewpoint - Financial One Account, a fintech company under Ping An, is officially delisting after receiving approval for its privatization plan from the Grand Court of the Cayman Islands, marking a swift exit from the public markets within just six years of its listing [3][4][6]. Group 1: Privatization Details - Financial One Account has withdrawn its listing status from the Hong Kong Stock Exchange and its American Depositary Shares (ADS) on the New York Stock Exchange have been permanently suspended, with the delisting process expected to complete by December 1 [3][4]. - The privatization offer was made by its controlling shareholder, Platinum Yu Limited, which is a subsidiary of Ping An, proposing to acquire all issued shares at HKD 2.068 per share, representing a premium of approximately 23.10% over the last trading price [4][5]. - The total cash required for the privatization is estimated at approximately HKD 1.689 billion, to be funded through internal cash resources and/or financing [5]. Group 2: Reasons for Delisting - The decision to privatize comes amid a broader trend of privatization in the Hong Kong market, where major shareholders believe that the market price does not reflect the company's value, allowing them to focus on long-term strategic development without the pressures of public market performance [8][9]. - Financial One Account's stock price has plummeted over 95% since its listing, attributed to low liquidity, reduced investor interest, and insufficient coverage from brokerage reports [10]. - The company has faced significant operational challenges, including a heavy reliance on Ping An for revenue, which has been criticized as a major weakness, and has struggled to increase third-party revenue despite efforts to do so [10][11]. Group 3: Financial Performance - Financial One Account's revenue from ongoing operations is projected to decrease by approximately 36.16% from FY2023 to FY2024, leading to increased operating losses [11]. - The company reported losses for both the previous fiscal year and the first half of the current year, failing to maintain profitability despite previous one-time gains from the sale of a virtual bank [11]. - The management aims to combine extensive industry knowledge with leading technology to enhance customer relationships and expand its ecosystem and overseas business, with plans to inject additional financial resources post-privatization [12].

Core Viewpoint - Financial One Account, a fintech company under Ping An, is set to delist from both the NYSE and HKEX following its privatization plan, which has been approved by the Grand Court of the Cayman Islands [1][2][4]. Group 1: Delisting and Privatization - Financial One Account has withdrawn its listing status from HKEX as of November 21, with the final delisting process from NYSE to be completed by December 1 [1]. - The privatization offer was made by its controlling shareholder, Platinum Yu Limited, which is a subsidiary of Ping An Group, proposing to acquire all issued shares at HKD 2.068 per share, representing a premium of approximately 23.10% over the last closing price [2][3]. - Following the privatization, Ping An's ownership in Financial One Account will increase to 100% [2]. Group 2: Financial Performance and Market Conditions - Since its listing in December 2019, Financial One Account's stock price has dropped over 95%, attributed to low liquidity, reduced investor interest, and insufficient coverage by brokerage reports [6][7]. - The company's revenue from ongoing operations is projected to decrease by approximately 36.16% from FY2023 to FY2024, leading to increased operating losses [7]. - Financial One Account has faced challenges in diversifying its revenue sources, remaining heavily reliant on Ping An for income, which has been a significant concern for investors [6][7]. Group 3: Strategic Direction Post-Privatization - After privatization, the company plans to focus on long-term strategic goals, including enhancing customer relationships, optimizing products, and expanding its ecosystem and overseas business [7][8]. - The controlling shareholder, Platinum Yu, aims to inject additional financial resources and integrate the company further into the broader Ping An ecosystem once it becomes a wholly-owned subsidiary [8].

Core Insights - The "Hong Kong FinTech Week × StartmeupHK Festival 2025" showcased financial technology innovations, with FinTech Partners like OneConnect presenting AI-driven solutions for digital banking, insurance, wealth management, credit systems, and marketing management [2] - OneConnect's solutions leverage over 30 years of financial practice and underlying technologies such as AI and large models to enhance operational efficiency and service intelligence for financial institutions [2] - The company is building a "highly efficient, secure, and trustworthy" cross-border trust foundation to inject new financial vitality into global trade flows through the integration of AI and data [2] Cross-Border Financial Services - OneConnect's Shenzhen CA is facilitating financial service connectivity between Hong Kong and mainland China, promoting cross-border electronic certification services that cover the Guangdong-Hong Kong region and extend to Southeast Asia [3] - The cross-border electronic certification services support innovations in areas such as cross-border payments, anti-fraud measures, data compliance, and financing for small and medium-sized enterprises [3] - OneConnect has adopted a "platform + ecosystem" model for international expansion, with its overseas operations covering 20 countries and regions, including Singapore, Thailand, Malaysia, Indonesia, the Philippines, the UAE, Vietnam, and South Africa, serving nearly 200 overseas financial institutions [3]

Core Insights - The "Hong Kong FinTech Week × StartmeupHK Festival 2025" highlighted the importance of AI and international expansion for mainland companies leveraging Hong Kong as a strategic hub for global market entry [1] Group 1: AI and Digital Solutions - Financial One Account showcased innovative digital banking and insurance solutions, focusing on AI-driven wealth management, credit process optimization, and intelligent marketing management [2] - The AI Agent digital employee system integrates ASR, NLP, TTS, large models, and Agentic AI technologies, significantly enhancing customer service efficiency and satisfaction [2] Group 2: Cross-Border Trust and Compliance - The challenges of "data silos" and AI identity fraud risks create trust barriers for SMEs going global, making "data trustworthiness" and "identity security" critical issues [3] - Financial One Account has developed a compliance framework and technical safeguards, including a standardized contract for cross-border data flow and an intelligent visual anti-fraud platform with over 99% accuracy [3] Group 3: Cross-Border Financial Facilitation - Financial One Account, through its subsidiary Shenzhen CA, is enhancing cross-border financial services by providing electronic certification services for compliance and security [4] - Shenzhen CA has served over 4 million users, addressing challenges in cross-border business operations [4] Group 4: Global Financial Network Expansion - Hong Kong is intensifying support for mainland companies' international expansion, with a dedicated task force established to assist businesses [5] - Financial One Account's global operations now cover 20 countries and regions, serving nearly 200 overseas financial institutions, reinforcing Hong Kong's position as a financial technology hub [5]

Core Viewpoint - Financial One's significant growth in service revenue is driven by a surge in insurance solution transaction volumes and an aggressive expansion into emerging markets such as Southeast Asia, the Middle East, and Africa [1] Group 1: Financial Performance - As of June 30, 2025, Financial One has expanded its overseas business to 20 countries and regions, serving 214 clients [2] - The revenue from ongoing operations for the first half of 2025 reached RMB 801 million, with a gross margin of 26.1% [2] - Revenue from ongoing operations includes RMB 291 million from implementation services and RMB 510 million from transaction-based and support services [2] - The revenue from operational support services increased by 16.6% year-on-year to RMB 309 million, attributed to the rise in insurance solution transaction volumes [3] Group 2: Market Expansion - Financial One is expanding its technology and ecosystem cooperation network in emerging markets, focusing on six digital solutions including core system modernization and cross-border trade finance [4] - In June, Financial One established a long-term strategic partnership with a well-known automotive service company in Vietnam to create a benchmark digital vehicle ecosystem solution in Southeast Asia [4] - The company has renewed its cooperation with CIMB's Philippine subsidiary for core system services, ensuring continued support in digital financial services over the next four years [4] - A collaboration with a local bank in Hong Kong was signed for eKYC and AIGC Deepfake projects, marking the first implementation of deepfake prevention technology in an overseas bank [4] Group 3: Technological Solutions - Financial One provides integrated technology solutions, including digital banking and insurance solutions, leveraging "AI + data" to enhance digital infrastructure for financial institutions [5] - The digital banking solutions address the needs of banks for digital transformation through retail, credit, and operational solutions, significantly improving efficiency and compliance [5] - AI applications in digital banking have enhanced product intelligence and convenience, increasing productivity for client managers by approximately six times and reducing loan approval times to about one day [5] - The end-to-end digital insurance solution aims to digitize the entire insurance process, helping companies manage marketing and claims while reducing costs and fraud [5] Group 4: AI and Data Integration - The integration of "AI + data" is positioned as a foundational element for digital transformation, enabling financial institutions and overseas regulatory clients to optimize operational efficiency [6] - AI visual technology combines advanced AI with fingerprint recognition, blacklist screening, and geolocation data to enhance fraud detection and risk mitigation capabilities [6]

Core Insights - Financial One's latest semi-annual report indicates a decrease in revenue from continuing operations to 801 million yuan for the first half of 2025, primarily due to a decline in cloud service platform revenue [2] - The company experienced a 16.6% year-on-year increase in operational support service revenue to 309 million yuan, driven by increased transaction volumes in insurance solutions [2] Business Operations - Financial One provides comprehensive integrated technology solutions to financial institutions, including digital banking and insurance solutions, and offers digital infrastructure to accelerate digital transformation [2] - The application of AI in digital banking has enhanced product intelligence and convenience, significantly improving operational efficiency, with AI mortgage loan solutions increasing productivity by approximately six times and reducing loan approval time to about one day [2] International Expansion - The company is actively expanding its technology and ecosystem cooperation network in emerging markets such as Southeast Asia, the Middle East, and Africa, aiming for high-quality, inclusive, and sustainable digital transformation [3] - Financial One offers six major digital solutions in overseas markets, including core system modernization and smart risk control, exemplified by a partnership with a Vietnamese automotive service company to create a benchmark digital vehicle ecosystem solution in Southeast Asia [3] Strategic Partnerships - Financial One has deepened its strategic client relationships in overseas markets, including ongoing collaboration with Old Mutual in South Africa and a renewed partnership with CIMB in the Philippines for core banking system services [4] - The company has also signed a cooperation agreement with a local bank in Hong Kong for eKYC and AIGC Deepfake projects, marking the first implementation of its anti-deepfake technology in an overseas bank [4] Future Outlook - For the second half of the year, Financial One plans to combine its extensive industry expertise with leading market technology, focusing on high-quality clients and optimizing product integration [5] - The company aims to concentrate on fintech and AI sectors, expanding its ecosystem and international business while investing in R&D to grow its customer base and third-party revenue in the long term [5]