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Private company

ONECONNECT FINANCIAL TECHNOLOGY CO., LTD.

In its 2025 annual report (Form 20-F) the company says: “We are a leading technology-as-a-service platform for financial institutions in China. We established our initial operations as the financial technology solution arm of Ping An Group.”4 It is headquartered in Guangdong, China.1

Last updated Oct 21, 2026.

Overview

2.2BRevenue, fiscal 20242
-495.2MNet income, fiscal 20242
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersGuangdong, China1
  • Business address21/24F, Ping An Finance Center, No. 5033 Yitian Road, Futian District, Shenzhen, Guangdong, F4 5180003
  • Filer categoryNon-accelerated filer3

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We are a leading technology-as-a-service platform for financial institutions in China. We established our initial operations as the financial technology solution arm of Ping An Group. Since the end of 2015, we started to operate as a separate company in Ping An Group until November 29, 2017, when we ceased to be consolidated with Ping An Group.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CNY, the currency the company reports in.

Key numbers, fiscal 2024

35.8%Gross margin2
-13.5%Operating margin2
-22.0%Net margin2
-36.2%Revenue growth, 20242
-19.8%Return on equity2
-283.0M CNYFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue60¢1.4B CNY
  • Research and development21¢510.9M CNY
  • Interest1¢13.3M CNY
  • Income tax19¢455.4M CNY

Out of 2.2B CNY in revenue.2 The company lost money this year.

Financial statements

Revenue5678922.2B CNY in 2024+286% since 2017
02.0B CNY4.0B CNY6.0B CNY2017: 581.9M CNY581.9M CNY20172018: 1.4B CNY1.4B CNY2018+143%2019: 2.3B CNY2.3B CNY2019+65%2020: 3.3B CNY3.3B CNY2020+42%2021: 4.1B CNY4.1B CNY2021+25%2022: 4.4B CNY4.4B CNY2022+5%2023: 3.5B CNY3.5B CNY2023−19%2024: 2.2B CNY2.2B CNY2024−36%
Gross profit567892804.5M CNY in 2024+710% since 2017
0500.0M CNY1.0B CNY1.5B CNY2.0B CNY2017: 99.4M CNY99.4M CNY20172018: 388.6M CNY388.6M CNY2018+291%2019: 766.9M CNY766.9M CNY2019+97%2020: 1.2B CNY1.2B CNY2020+62%2021: 1.4B CNY1.4B CNY2021+16%2022: 1.6B CNY1.6B CNY2022+10%2023: 1.3B CNY1.3B CNY2023−16%2024: 804.5M CNY804.5M CNY2024−39%
Operating income567892-303.5M CNY in 2024−66% since 2017
-2.0B CNY-1.5B CNY-1.0B CNY-500.0M CNY02017: -890.3M CNY-890.3M CNY20172018: -1.1B CNY-1.1B CNY2018+25%2019: -1.7B CNY-1.7B CNY2019+53%2020: -1.5B CNY-1.5B CNY2020−14%2021: -1.4B CNY-1.4B CNY2021−4%2022: -849.1M CNY-849.1M CNY2022−40%2023: -217.3M CNY-217.3M CNY2023−74%2024: -303.5M CNY-303.5M CNY2024+40%
Net income567892-495.2M CNY in 2024−18% since 2017
-2.0B CNY-1.5B CNY-1.0B CNY-500.0M CNY02017: -607.0M CNY-607.0M CNY20172018: -1.2B CNY-1.2B CNY2018+96%2019: -1.7B CNY-1.7B CNY2019+42%2020: -1.4B CNY-1.4B CNY2020−16%2021: -1.3B CNY-1.3B CNY2021−6%2022: -928.0M CNY-928.0M CNY2022−30%2023: -371.5M CNY-371.5M CNY2023−60%2024: -495.2M CNY-495.2M CNY2024+33%
Fiscal year20172018201920202021202220232024
Revenue581.9M CNY51.4B CNY62.3B CNY73.3B CNY84.1B CNY94.4B CNY23.5B CNY22.2B CNY2
Cost of revenue2.7B CNY92.8B CNY22.2B CNY21.4B CNY2
Gross profit99.4M CNY5388.6M CNY6766.9M CNY71.2B CNY81.4B CNY91.6B CNY21.3B CNY2804.5M CNY2
Research and development1.4B CNY91.4B CNY2955.2M CNY2510.9M CNY2
Operating income-890.3M CNY5-1.1B CNY6-1.7B CNY7-1.5B CNY8-1.4B CNY9-849.1M CNY2-217.3M CNY2-303.5M CNY2
Interest76.6M CNY936.8M CNY220.1M CNY213.3M CNY2
Income before tax-1.4B CNY9-857.3M CNY2-210.3M CNY2-249.3M CNY2
Income tax-112.1M CNY9-62.1M CNY29.8M CNY2455.4M CNY2
Net income-607.0M CNY5-1.2B CNY6-1.7B CNY7-1.4B CNY8-1.3B CNY9-928.0M CNY2-371.5M CNY2-495.2M CNY2
Earnings per share-1 CNY/shares5-1 CNY/shares6-2 CNY/shares7-1 CNY/shares8-1 CNY/shares9-1 CNY/shares2-0 CNY/shares2-0 CNY/shares2
Earnings per share (diluted)-1 CNY/shares5-1 CNY/shares6-2 CNY/shares7-1 CNY/shares8-1 CNY/shares9-1 CNY/shares2-0 CNY/shares2-0 CNY/shares2
Shares (weighted, basic)1.1B shares91.1B shares21.1B shares21.1B shares2

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Corporate structure

ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ONECONNECT FINANCIAL TECHNOLOGY CO., LTD.

  • Bo Yu Ltd Filed SCHEDULE 13D/A on ONECONNECT FINANCIAL TECHNOLOGY CO., LTD., latest Nov 20, 2025 (9 filings since Feb 14, 2022)
  • Sen Rong Ltd Filed SC 13G/A on ONECONNECT FINANCIAL TECHNOLOGY CO., LTD., latest Feb 13, 2023 (2 filings since Feb 14, 2022)
  • StellarS Capital Ltd Filed SC 13G/A on ONECONNECT FINANCIAL TECHNOLOGY CO., LTD., latest Feb 13, 2023
  • ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. Guangdong, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net43.9M CNY2 Dec 31, 202485.1M CNY2 Dec 31, 2023−48.4%
Operating-lease assets (leased space)23.7M CNY2 Dec 31, 202448.6M CNY2 Dec 31, 2023−51.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents1.9B CNY2 Dec 31, 20241.4B CNY2 Dec 31, 2023+41.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill289.2M CNY9 Dec 31, 2023289.2M CNY9 Dec 31, 20220%

Filings

163 filings to the SEC since October 2021: 6 annual reports, 12 large holders, 145 other. The latest 20:

  1. Dec 1, 202515-12G EDGAR
  2. Nov 21, 2025S-8 POS EDGAR
  3. Nov 21, 2025S-8 POS EDGAR
  4. Nov 21, 2025S-8 POS EDGAR
  5. Nov 20, 2025SCHEDULE 13D/A EDGAR
  6. Nov 20, 2025SC 13E3/A EDGAR
  7. Nov 20, 20256-K EDGAR
  8. Nov 17, 20256-K EDGAR
  9. Oct 30, 2025SCHEDULE 13D/A EDGAR
  10. Oct 28, 2025SC 13E3/A EDGAR
  11. Oct 28, 20256-K EDGAR
  12. Oct 20, 20256-K EDGAR
  13. Sep 25, 2025SCHEDULE 13D/A EDGAR
  14. Sep 23, 20256-K EDGAR
  15. Sep 23, 2025SC 13E3/A EDGAR
  16. Sep 2, 2025SC 13E3/A EDGAR
  17. Aug 27, 20256-K EDGAR
  18. Aug 21, 20256-K EDGAR
  19. Aug 21, 20256-K EDGAR
  20. Aug 21, 20256-K EDGAR

The 163 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARONECONNECT FINANCIAL TECHNOLOGY CO., LTD.1
  • CIK0001780531
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Industry code (SIC)7370 Services-Computer Programming, Data Processing, Etc.1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address21/24F, Ping An Finance Center, No. 5033 Yitian Road, Futian District, Shenzhen, Guangdong, F4 5180001
  • Phone86-21-2066-06251
  • Shares outstanding1,169,980,653 shares as of Dec 31, 20244
  • AuditorPricewaterhouseCoopers Zhong Tian LLP, Shenzhen, the People’s Republic of China PCAOB ID 1424; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJul 15, 20191
  • Filings237 in all: 6-K (137), CORRESP (13), UPLOAD (13), SC 13G/A (9), 20-F (6), DRSLTR (5), SC 13E3/A (5), SCHEDULE 13D/A (5)1
    All 31 form types

    S-8 POS (4), DRS/A (3), EFFECT (3), F-1/A (3), FWP (3), S-8 (3), SC 13G (3), 20-F/A (2), 424B4 (2), DRS (2), F-1 (2), F-1MEF (2), SEC STAFF LETTER (2), 144 (1), 15-12G (1), 25-NSE (1), 8-A12B (1), CERT (1), F-6 (1), F-6 POS (1), F-6EF (1), SC 13E3 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Apr 24, 2025

Securities registered for trading

ClassSymbolExchange
American depositary sharesOCFTThe New York Stock Exchange
Ordinary shares

From the cover page of the 20-F filed Apr 24, 2025 (Section 12(b) of the Exchange Act).4

Sources

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