OneConnect Announces First Half 2025 Unaudited Financial Results

Financial Performance: OneConnect Financial Technology reported a 43.4% decrease in revenue from continuing operations, totaling RMB801 million for the first half of 2025, compared to RMB1,416 million in the same period last year.

Losses and Margins: The company experienced a loss of RMB78 million attributable to shareholders, with a net margin of -9.8%, worsening from -5.0% in the previous year.

Revenue Breakdown: Significant declines were noted in various segments, particularly a 99.6% drop in revenue from cloud services, while digital insurance saw an increase of 11.2%.

Cash Flow and Expenses: Net cash used in operating activities was RMB210 million, with total operating expenses decreasing to RMB316 million, reflecting a proactive adjustment in business structure and spending.