Loss from continuing operations
per share attributable to the
owners of the Company
(expressed in RMB per share)
- Basic and diluted (0.02) (0.04) (0.06) (0.10)
Loss from continuing operations
per ADS attributable to the
owners of the Company
(expressed in RMB per share)
- Basic and diluted (0.46) (1.13) (1.94) (3.13)
Earnings/(loss) per share
attributable to the owners of
the Company
(expressed in RMB per share)
- Basic and diluted 0.23 (0.07) 0.13 (0.17)
Earnings/(loss) per ADS
attributable to the owners of
the Company
(expressed in RMB per share)
- Basic and diluted 6.70 (2.25) 3.83 (5.24)
ONECONNECT
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
June 30 December 31
2024 2023
RMB'000 RMB'000
ASSETS
Non--current assets
Property and equipment 65,832 85,076
Intangible assets 340,483 471,371
Deferred tax assets 768,398 768,276
Financial assets measured at fair value through
other comprehensive income 3,204 1,372,685
Restricted cash and time deposits over three
months 200 5,319
Prepayments and other receivables 6,962 6,663
Total non-current assets 1,185,079 2,709,390
Current assets
Trade receivables 930,258 710,669
Contract assets 79,941 95,825
Prepayments and other receivables 898,296 905,691
Financial assets measured at amortized cost from
virtual bank - 3,081
Financial assets measured at fair value through
other comprehensive income - 853,453
Financial assets measured at fair value through
profit or loss 640,431 925,204
Derivative financial assets 52,750 38,008
Restricted cash and time deposits over three
months 469,405 447,564
Cash and cash equivalents 1,438,886 1,379,473
Total current assets 4,509,967 5,358,968
Total assets 5,695,046 8,068,358
EQUITY AND LIABILITIES
EQUITY
Share capital 78 78
Shares held for share option scheme (149,544) (149,544)
Other reserves 11,027,689 10,989,851
Accumulated losses (7,734,600) (7,873,614)
Equity attributable to equity owners of the
Company 3,143,623 2,966,771
Non-controlling interests (29,952) (18,979)
Total equity 3,113,671 2,947,792
LIABILITIES
Non--current liabilities
Trade and other payables 14,379 28,283
Contract liabilities 12,901 17,126
Deferred tax liabilities 520 2,079
Total non--current liabilities 27,800 47,488
Current liabilities
Trade and other payables 2,008,719 1,981,288
Payroll and welfare payables 267,881 385,908
Contract liabilities 134,192 138,563
Short-term borrowings 142,783 251,732
Customer deposits - 2,261,214
Other financial liabilities from virtual bank - 54,373
Total current liabilities 2,553,575 5,073,078
Total liabilities 2,581,375 5,120,566
Total equity and liabilities 5,695,046 8,068,358
ONECONNECT
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ended Six Months Ended
June 30 June 30
2024 2023 2024 2023
RMB'000 RMB'000 RMB'000 RMB'000
Net cash used in operating
activities (182,757) (19,650) (297,993) (632,914)
Net cash generated from/(used
in) investing activities 224,450 (108,947) 480,298 298,119
Net cash used in financing
activities (28,821) (44,480) (129,792) (88,901)
Net increase/(decrease) in
cash and cash equivalents 12,872 (173,077) 52,513 (423,696)
Cash and cash equivalents at
the beginning of the
period 1,420,891 1,420,891 1,379,473 1,907,776
Effects of exchange rate
changes on cash and cash
equivalents 5,123 46,159 6,900 35,433
Cash and cash equivalents at
the end of period 1,438,886 1,519,513 1,438,886 1,519,513
ONECONNECT
RECONCILIATION OF IFRS AND NON-IFRS RESULTS
FOR CONTINUING OPERATIONS
(Unaudited)
Three Months Ended Six Months Ended
June 30 June 30
2024 2023 2024 2023
RMB'000 RMB'000 RMB'000 RMB'000
Gross profit from continuing
operations 253,379 352,385 525,782 687,042
Gross margin of continuing
operations 36.6 % 37.5 % 37.1 % 37.5 %
Non-IFRS adjustment
Amortization of intangible assets
recognized in cost of revenue 13,686 21,374 29,228 43,583
Depreciation of property and
equipment recognized in cost of
revenue 1,056 1,469 2,208 2,823
Share-based compensation expenses
recognized in cost of revenue 334 894 562 1,330
Non-IFRS gross profit from
continuing operations 268,455 376,122 557,780 734,778
Non-IFRS gross margin of continuing
operations 38.8 % 40.0 % 39.4 % 40.1 %
View original content:https://www.prnewswire.com/news-releases/oneconnect-announces-second-quarter-and-first-half-2024-unaudited-financial-results-302224276.html
SOURCE OneConnect Financial Technology Co., Ltd.
(END) Dow Jones Newswires
August 16, 2024 06:01 ET (10:01 GMT)
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