OneConnect Financial Technology Co Ltd
NYSE:OCFT

  • LAST PRICE
    2.1500
  • TODAY'S CHANGE (%)
    -0.1700 (-7.3276%)
  • Bid / Lots
    2.1000/ 7
  • Ask / Lots
    2.3900/ 5
  • Open / Previous Close
    2.2900 / 2.3200
  • Day Range
    2.0800
    2.2900
  • 52 Week Range
    0.8651
    4.9800
  • Volume
    43,866

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  • Nov 14, 2024

      Show headlines and story abstract

    • 6:03AM ET on Thursday Nov 14, 2024 by MT Newswires
      Companies Mentioned: OCFT
      06:03 AM EST, 11/14/2024 (MT Newswires) -- ...

    • 6:00AM ET on Thursday Nov 14, 2024 by Dow Jones
      Companies Mentioned: OCFT
      Restricted cash and time deposits over three months 466,063 447,564 Cash and cash equivalents 1,643,654 1,379,473 Total current assets 3,572,596 5,358,968 Total assets 4,744,463 8,068,358 EQUITY AND LIABILITIES EQUITY Share capital 78 78 Shares held for share option scheme (149,544) (149,544) Other reserves 10,993,160 10,989,851 Accumulated losses (7,764,110) (7,873,614) Equity attributable to equity owners of the Company 3,079,584 2,966,771 Non-controlling interests (36,363) (18,979) Total equity 3,043,221 2,947,792 LIABILITIES Non--current liabilities Trade and other payables 11,174 28,283 Contract liabilities 14,259 17,126 Deferred tax liabilities - 2,079 Total non--current liabilities 25,433 47,488 Current liabilities Trade and other payables 1,216,818 1,981,288 Payroll and welfare payables 285,386 385,908 Contract liabilities 121,733 138,563 Short-term borrowings 48,430 251,732 Customer deposits - 2,261,214 Other financial liabilities from virtual bank - 54,373 Derivative financial liabilities 3,442 - Total current liabilities 1,675,809 5,073,078 Total liabilities 1,701,242 5,120,566 Total equity and liabilities 4,744,463 8,068,358 ONECONNECT CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Three Months Ended Nine Months Ended September 30 September 30 2024 2023 2024 2023 RMB'000 RMB'000 RMB'000 RMB'000 Net cash used in operating activities (34,081) (189,646) (332,074) (822,560) Net cash generated from investing activities 365,495 217,770 845,793 515,889 Net cash used in financing activities (106,056) (92,331) (235,848) (181,232) Net increase/(decrease) in cash and cash equivalents 225,358 (64,207) 277,871 (487,903) Cash and cash equivalents at the beginning of the period 1,438,886 1,519,513 1,379,473 1,907,776 Effects of exchange rate changes on cash and cash equivalents (20,590) (3,750) (13,690) 31,683 Cash and cash equivalents at the end of period 1,643,654 1,451,556 1,643,654 1,451,556 ONECONNECT RECONCILIATION OF IFRS AND NON-IFRS RESULTS FOR CONTINUING OPERATIONS (Unaudited) Three Months Ended Nine Months Ended September 30 September 30 2024 2023 2024 2023 RMB'000 RMB'000 RMB'000 RMB'000 Gross profit from continuing operations 136,562 295,249 662,344 982,291 Gross margin of continuing operations 32.7 % 36.60 % 36.1 % 37.20 % Non-IFRS adjustment Amortization of intangible assets recognized in cost of revenue 11,000 30,969 40,228 74,552 Depreciation of property and equipment recognized in cost of revenue 975 1,149 3,183 3,972 Share-based compensation expenses recognized in cost of revenue 31 1,125 593 2,455 Non-IFRS gross profit from continuing operations 148,568 328,492 706,348 1,063,270 Non-IFRS gross margin of continuing operations 35.6 % 40.7 % 38.5 % 40.3 %

    • 6:00AM ET on Thursday Nov 14, 2024 by Dow Jones
      Companies Mentioned: OCFT

  • Nov 4, 2024

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    • 6:00AM ET on Monday Nov 04, 2024 by Dow Jones
      Companies Mentioned: OCFT

      OneConnect to Announce Third Quarter 2024 Financial Results

      PR Newswire

      SHENZHEN, China, Nov. 4, 2024

      SHENZHEN, China, Nov. 4, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) ("OneConnect" or the "Company"), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release the quarterly results of the Company and its subsidiaries for the three months ended September 30, 2024, and its publication before U.S. markets open on Thursday, November 14, 2024. A conference call will follow on the same day.

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