OneConnect Announces Fourth Quarter and Full Year Unaudited Financial Results
OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty ordinary shares (OCFT)
Company Research
Source: PR Newswire
Net Margin to Shareholders Improved to -8.8% for Fourth Quarter 2023SHENZHEN, China, March 18, 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 services industry in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.Fourth Quarter 2023 Financial HighlightsNet loss attributable to shareholders was RMB81 million, as compared to RMB177 million for the same period of the prior year. Net margin to shareholders improved by 5.5 percentage points to -8.8% as compared to -14.3% for the same period of the prior year.Net loss per ADS, basic and diluted, was RMB-2.24 as compared to RMB-4.80 for the same period of the prior year.Full Year 2023 Financial HighlightsGross margin was 36.8% as compared to 36.6% for the prior year; non- IFRS gross margin was 40.3%, as compared to 40.1% for the prior year.Net l
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News
- OneConnect Files Annual Report on Form 20-FPR Newswire
- OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) had its price target raised by analysts at Citigroup Inc. from $6.98 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- OneConnect Announces Fourth Quarter and Full Year Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- OneConnect to Announce Fourth Quarter and Full Year 2023 Financial ResultsPR Newswire
OCFT
Sec Filings
- 4/23/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/23/24 - Form 6-K
- OCFT's page on the SEC website