OCFT Overview

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.

Company Announcement: OneConnect Financial Technology Co., Ltd. will release its unaudited interim results for the six months ending June 30, 2025, on August 21, 2025, before U.S. markets open.

Investor Access: The financial results will be accessible on OneConnect's investor relations websites.

Annual General Meeting Outcomes: OneConnect Financial Technology Co., Ltd. held its annual general meeting on May 29, 2025, where shareholders approved the audited financial statements for 2024 and re-elected several directors, including Mr. Chen Dangyang and Ms. Xin Fu.

Company Overview: OneConnect is a technology-as-a-service provider in China's financial services sector, offering digital banking and insurance solutions, and has expanded its services to support the digital transformation of financial institutions both domestically and internationally.

Financial Performance Overview: OneConnect Financial Technology reported a significant decline in revenue for Q1 2025, totaling RMB368 million, down 49.2% from RMB723 million in the same period last year, primarily due to reduced demand for cloud services and other financial solutions.

Losses and Operational Changes: The company experienced a loss of RMB38 million attributable to shareholders, an improvement from the previous year's loss of RMB54 million, while also reducing operating expenses through adjustments in its business structure and focus on profitability.

Quarterly Results Announcement: OneConnect Financial Technology Co., Ltd. will release its quarterly results for the period ending March 31, 2025, on May 28, 2025, before U.S. markets open.

Investor Relations Information: The financial results will be accessible on OneConnect's investor relations websites, and contact information for both investor and media relations teams is provided.

OneConnect's ESG Commitment: OneConnect Financial Technology Co., Ltd released its 2024 Environmental, Social, and Governance (ESG) Report, marking the third consecutive year of such reports, emphasizing its dedication to corporate responsibility through initiatives in green finance, digital inclusion, and social responsibility.

Technological Innovation and Global Expansion: The company is focused on driving digital transformation in the financial sector, enhancing its service offerings with advanced technologies while expanding its global presence, serving 197 overseas financial institutions across more than 20 countries.