Oneconnect Financial Technology Co Ltd (OCFT) has released an update.
OneConnect Financial Technology Co., Ltd., a key player in China’s technology-as-a-service sector for the financial industry, has reported an improvement in its financial performance for the fourth quarter and full year of 2023. The company reduced its net loss to RMB 363 million from RMB 872 million the previous year, marking an improvement in net margin to shareholders from -19.5% to -9.9%, and saw a decrease in net loss per ADS. They also noted significant growth in their overseas business, with a 37.2% increase in revenue from international customers.
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