Financial Technology

OneConnect Financial Technology Third Quarter 2022 Earnings: CN¥0.12 loss per share (vs CN¥0.24 loss in 3Q 2021)

OneConnect Financial Technology (HKG:6638) Third Quarter 2022 Results

Key Financial Results

  • Revenue: CN¥1.07b (flat on 3Q 2021).
  • Net loss: CN¥132.6m (loss narrowed by 51% from 3Q 2021).
  • CN¥0.12 loss per share (improved from CN¥0.24 loss in 3Q 2021).
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SEHK:6638 Earnings and Revenue Growth November 14th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

OneConnect Financial Technology Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company’s shares are up 3.9% from a week ago.

Risk Analysis

Before we wrap up, we’ve discovered 3 warning signs for OneConnect Financial Technology (1 is significant!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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