OneConnect Reports a Growth for Gross Profit of 93.4% in Q2
August 4, OneConnect, the US-listed fintech arm in the PingAn Group, released the financial result for the second quarter of 2020. The revenue increased by 48.4% to CNY 774 million and the gross profit rose by 93.4% to CNY 153.7 million. Net loss posted CNY 331 million, less than the figure of CNY 340 million in the same period last year.
This text is a result of machine translation.
Related companies：
In-depth
Financials
OneConnect: Ping An's Fintech Spinoff Battles Regulatory Risks to Stay ahead of the Curve
Like Lufax, OneConnect, another fintech subsidiary of Chinese insurance giant Ping An, has a good track record in its field given the clear strategy roadmap; although concerns about some old issues, notably over-reliance on an omnipotent parent, linger.
Feb 14, 2022 10:37 AM
Apr 26, 2022 12:26 PM
Apr 21, 2022 07:07 PM
Jun 29, 2021 11:48 PM
May 03, 2021 09:18 AM
Briefing May 30, 2022 08:28 PM
· Financials
PingPong Partners with Walmart to Optimize Payments for Global Merchants on Walmart’s US and Mexico Websites
Briefing Apr 23, 2022 04:46 PM
· Financials
The new generation of personal business distributed core system of postal savings bank was fully put into operation
Insight
Financials
China's Fintech: 6 Listed Firms Giving Access to Asia's Most Vibrant Ecosystem
Together with Tellimer – a global technology, information, and data provider with over 20 years' experience in financial markets – we highlight six innovative players operating across a broad swathe of the fintech landscape.
May 21, 2021 06:33 PM
Briefing Aug 17, 2020 12:15 PM
· Financials
PayPal China Appoints New CEO
Briefing Aug 12, 2020 09:42 PM
· Financials
OneConnect Teams Up with Swiss Re-insurance in Exploring Europe Market
Briefing Aug 11, 2020 10:02 PM
· Financials
OneConnect Issues 16.5 Million ADSs
Briefing Jul 17, 2020 02:07 AM
One Connect and ZhongAn Included in Top 100 Insurtech in China
See more
Read next
Insight
In-depth
Insight
In-depth