OneConnect Financial Technology Co., Ltd. recently announced its unaudited financial results for the first half of 2025 ending June 30, showing significant volatility compared to the same period last year.

For the first half of 2025, OneConnect Financial Technology's continuing operations revenue reached 801 million yuan, representing a 43.4% year-over-year decrease. The gross margin from continuing operations was 26.1%, a substantial decline from 37.1% in the same period last year. The loss attributable to owners from continuing operations was 78.5 million yuan, with a net profit margin of -9.8%.

The revenue decline was primarily attributed to decreased income from both Ping An-related businesses and third-party operations. Specifically, revenue from Ping An Group and Lu.com dropped 59% year-over-year, while revenue from third-party customers decreased 13.1% compared to the same period last year.

According to public information, OneConnect Financial Technology's core business involves providing integrated technology solutions to financial institution clients, including digital banking solutions and digital insurance solutions, while also offering digital infrastructure services to financial institutions. In the first half of 2025, OneConnect Financial Technology accelerated its overseas market expansion, extending its international business to 20 countries and regions, serving a total of 214 clients.