Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
OneConnect Financial Technology Co Ltd ( (HK:6638) ) just unveiled an announcement.
OneConnect Financial Technology Co., Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue from continuing operations decreased by 36.2% compared to the previous year, and net losses from continuing operations attributable to shareholders increased substantially. The company’s gross margin also saw a decline, reflecting challenges in maintaining profitability. These results indicate a challenging year for OneConnect, with implications for its market positioning and stakeholder confidence.
More about OneConnect Financial Technology Co Ltd
OneConnect Financial Technology Co., Ltd. operates in the financial technology industry, providing technology solutions to financial institutions. The company focuses on offering digital transformation services, primarily targeting banks, insurers, and investment firms.
YTD Price Performance: 137.50%
Average Trading Volume: 1,412,274
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2.02B
Find detailed analytics on 6638 stock on TipRanks’ Stock Analysis page.