OneConnect Reports Q1 2025 Results: Sustained Operations Revenue Hits RMB 368 Million
SHENZHEN, China, May 28, 2025 – OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT / HKEX: 06638), a leading technology-as-a-service platform for financial institutions, today announced its unaudited financial results for the first quarter ended March 31, 2025.
Key Q1 2025 Financial Highlights:
Revenue from Sustained Operations: RMB 368 million.
Gross Margin from Sustained Operations: 28.5%.
Third-Party Client Revenue (Sustained Ops): RMB 210 million, representing 57.16% of total sustained operations revenue.
Net Loss Attributable to Owners (Sustained Ops): RMB 38 million, narrowing losses by RMB 16 million year-over-year (YoY).
Operational Drivers:
Digital Insurance Segment Revenue: Grew 8.1% YoY to RMB 143 million, primarily driven by increased demand for its digital property & casualty (P&C) insurance solutions.
Post-Development Maintenance Services Revenue: Surged 33.5% YoY, reflecting stronger demand, particularly from overseas clients.
Business Context:
OneConnect leverages its deep financial services industry expertise and market-leading technology to provide technology-driven business solutions for financial institutions. Its offerings help clients enhance operational efficiency, improve service quality, and reduce costs and risks. The Company fosters long-term partnerships with financial institutions seeking digital transformation, while also expanding its service scope to support the broader financial services ecosystem.
Successfully exporting its technology solutions to international financial institutions remains a key focus for OneConnect, as evidenced by the growth in its overseas maintenance services and global client engagements.
