Oneconnect Financial Technology Co., Ltd.

$OCFT Market Cap: $105.2 Million

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Financial Snapshot

Revenue

$3.184B

TTM

Gross Margin

36.99%

TTM

Net Earnings

-$33.24M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

Total Liabilities

Book Value

Cash

P/E

-3.166

Nov 13, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$3.668B	$4.464B	$4.132B	$3.312B	$2.328B	$1.414B	$581.9M
YoY Change	-17.84%	8.03%	24.76%	42.29%	64.68%	142.91%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$3.668B	$4.464B	$4.132B	$3.312B	$2.328B	$1.414B	$581.9M
Cost Of Revenue	$2.318B	$2.829B	$2.696B	$2.069B	$1.561B	$1.025B	$482.5M
Gross Profit	$1.349B	$1.635B	$1.437B	$1.244B	$766.9M	$388.6M	$99.40M
Gross Profit Margin	36.79%	36.63%	34.77%	37.54%	32.95%	27.49%	17.08%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017
Selling, General & Admin	$780.3M	$1.236B	$1.305B	$1.063B	$1.276B	$876.8M	$423.0M
YoY Change	-36.87%	-5.28%	22.77%	-16.72%	45.57%	107.28%
% of Gross Profit	57.83%	75.6%	90.84%	85.48%	166.44%	225.63%	425.55%
Research & Development	$955.2M	$1.400B	$1.335B	$1.131B	$923.1M	$420.1M	$503.1M
YoY Change	-31.76%	4.87%	18.06%	22.47%	119.73%	-16.5%
% of Gross Profit	70.79%	85.61%	92.9%	90.91%	120.37%	108.11%	506.14%
Depreciation & Amortization	$201.3M	$14.17M	$438.7M	$421.2M	$459.9M	$354.0M	$287.6M
YoY Change	1321.1%	-96.77%	4.17%	-8.41%	29.92%	23.09%
% of Gross Profit	14.92%	0.87%	30.54%	33.87%	59.97%	91.1%	289.34%
Operating Expenses	$1.664B	$2.291B	$2.716B	$2.639B	$2.466B	$1.613B	$1.012B
YoY Change	-27.37%	-15.67%	2.95%	7.0%	52.94%	59.27%
Operating Profit	-$314.3M	-$655.7M	-$1.280B	-$1.395B	-$1.699B	-$1.224B	-$913.0M
YoY Change	-52.07%	-48.76%	-8.27%	-17.89%	38.83%	34.05%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$13.66M	-$277.8M	-$82.73M	-$22.10M	-$29.20M	$57.60M	-$63.50M
YoY Change	-104.92%	235.77%	274.32%	-24.32%	-150.69%	-190.71%
% of Operating Profit
Other Income/Expense, Net	-$997.0K	-$2.005M	-$1.894M	-$700.0K	-$2.200M	-$2.800M	-$100.0K
YoY Change	-50.27%	5.86%	170.57%	-68.18%	-21.43%	2700.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017
Pretax Income	-$361.7M	-$990.2M	-$1.443B	-$1.551B	-$1.762B	-$1.164B	-$976.6M
YoY Change	-63.47%	-31.36%	-7.01%	-11.98%	51.43%	19.17%
Income Tax	$9.762M	-$62.15M	-$112.1M	-$137.1M	-$74.90M	$26.50M	-$369.7M
% Of Pretax Income
Net Earnings	-$362.7M	-$872.3M	-$1.282B	-$1.354B	-$1.661B	-$1.196B	-$607.0M
YoY Change	-58.42%	-31.94%	-5.31%	-18.49%	38.88%	96.99%
Net Earnings / Revenue	-9.89%	-19.54%	-31.02%	-40.87%	-71.34%	-84.59%	-104.31%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.31	-$0.75	-$1.156M	-$1.157M	-$1.513M	-$1.090M	-$553.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017
Cash & Short-Term Investments	$3.161B	$3.832B	$3.966B	$5.119B	$2.769B	$3.106B	$1.711B
YoY Change	-17.5%	-3.39%	-22.52%	84.87%	-10.85%	81.53%
Cash & Equivalents	$1.379B	$1.908B
Short-Term Investments	$1.782B	$1.924B	$2.567B	$2.064B	$1.691B	$2.541B	$863.0M
Other Short-Term Assets	$1.391B	$1.479B	$1.756B	$2.606B	$3.745B	$4.146B	$96.00M
YoY Change	-5.92%	-15.77%	-32.63%	-30.41%	-9.67%	4218.75%
Inventory
Prepaid Expenses
Receivables	$806.5M	$1.064B	$1.119B	$1.097B	$921.0M	$404.0M	$43.00M
Other Receivables	$0.00	$0.00	$57.35M	$117.0M	$224.0M	$202.0M	$215.0M
Total Short-Term Assets	$5.359B	$6.374B	$6.898B	$8.940B	$7.659B	$7.859B	$2.065B
YoY Change	-15.93%	-7.6%	-22.84%	16.73%	-2.54%	280.58%
Property, Plant & Equipment	$85.08M	$151.4M	$244.4M	$224.0M	$315.0M	$320.0M	$161.0M
YoY Change	-43.81%	-38.06%	9.11%	-28.89%	-1.56%	98.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.373B	$1.020B	$826.5M	$223.0M	$512.0M	$34.00M	$42.00M
YoY Change	34.54%	23.45%	270.64%	-56.45%	1405.88%	-19.05%
Other Assets	$780.3M	$766.0M	$683.2M	$565.0M	$424.0M	$349.0M	$370.0M
YoY Change	1.87%	12.11%	20.92%	33.25%	21.49%	-5.68%
Total Long-Term Assets	$2.709B	$2.508B	$2.442B	$1.945B	$2.268B	$1.524B	$951.0M
YoY Change	8.03%	2.7%	25.56%	-14.24%	48.82%	60.25%
Total Assets	$8.068B	$8.882B	$9.341B	$10.89B	$9.927B	$9.383B	$3.016B
YoY Change
Accounts Payable	$1.981B	$2.531B	$1.102B	$920.0M	$347.0M	$316.0M	$209.0M
YoY Change	-21.73%	129.75%	19.75%	165.13%	9.81%	51.2%
Accrued Expenses	$385.9M	$431.3M	$724.7M	$784.0M	$762.0M	$651.0M	$248.0M
YoY Change	-10.52%	-40.5%	-7.56%	2.89%	17.05%	162.5%
Deferred Revenue
YoY Change
Short-Term Debt	$251.7M	$289.1M	$815.3M	$2.283B	$3.219B	$3.386B	$1.502B
YoY Change	-12.91%	-64.54%	-64.29%	-29.08%	-4.93%	125.43%
Long-Term Debt Due	$54.37M	$89.33M	$57.42M	$86.00M	$102.0M
YoY Change	-39.13%	55.58%	-33.24%	-15.69%
Total Short-Term Liabilities	$5.073B	$5.446B	$5.162B	$5.167B	$4.940B	$5.122B	$2.861B
YoY Change	-6.85%	5.5%	-0.09%	4.6%	-3.55%	79.03%
Long-Term Debt	$28.28M	$44.55M	$97.47M	$48.00M	$88.00M	$0.00	$0.00
YoY Change	-36.52%	-54.29%	103.07%	-45.45%
Other Long-Term Liabilities	$45.41M	$152.8M	$235.8M	$365.0M	$346.0M	$411.0M	$189.0M
YoY Change	-70.28%	-35.19%	-35.4%	5.49%	-15.82%	117.46%
Total Long-Term Liabilities	$45.41M	$152.8M	$333.3M	$413.0M	$434.0M	$411.0M	$189.0M
YoY Change	-70.28%	-54.15%	-19.31%	-4.84%	5.6%	117.46%
Total Liabilities	$5.102B	$5.590B	$5.547B	$5.690B	$5.557B	$5.662B	$3.050B
YoY Change	-8.73%	0.78%	-2.52%	2.39%	-1.85%	85.64%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $105.23 Million

About ONECONNECT FINANCIAL TECHNOLOGY CO., LTD.

OneConnect Financial Technology Co Ltd is a CN-based company operating in Software industry. The company is headquartered in Shenzhen, Guangdong and currently employs 2,440 full-time employees. The company went IPO on 2019-12-13. OneConnect Financial Technology Co Ltd is a holding company providing technology-as-a-service for the financial services industry. The Company’s integrated technology solutions span digital retail banking, digital commercial banking, and digital insurance segments with comprehensive solutions, encompassing sales management, risk management and operation support services within each segment. The firm builds and operates a Gamma Platform, which is a technology infrastructural platform for financial institutions. The Company’s product and service offerings can be deployed either on an integrated basis to deliver full-stack end-to-end solutions or on an incremental basis to quickly respond to customer requirements.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: Agora Inc Aurora Mobile Ltd Cloopen Group Holding Ltd Moatable, Inc. Tuya Inc. Xunlei Ltd