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OneConnect Financial Technology Co., Ltd. OCFT
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Annual report 2024
added 04-25-2026

OneConnect Financial Technology Co., Ltd. Balance Sheet 2021-2011 | OCFT

Brief overview of OneConnect Financial Technology Co., Ltd.'s financial position

The comparison uses five available annual reports from the 2020–2024 interval.

Across five reporting periods, assets decreased -63.6%, from 10.9 billion CNY to 4 billion CNY, producing a negative trend.

Liabilities grew more slowly than assets: -73.9% versus -63.6%. Expansion relied more on equity, improving funding quality.

The cash share moved from 28.1% to 49.1%. A higher figure generally provides more room in an adverse scenario.

Overall picture

OneConnect Financial Technology Co., Ltd. has a workable but not unconditionally strong balance sheet. Resilience depends on sustained earnings and liability control.

Annual Balance Sheet OneConnect Financial Technology Co., Ltd.

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Long Term Debt Current

13.7 M 22.9 M 47 M 57.4 M 86.1 M 102 M 82.5 M - - - - - - -

Total Non Current Liabilities

- - - - 433 M 467 M 429 M 189 M - - - - - -

Total Liabilities

1.46 B 5.12 B 5.6 B 5.51 B 5.6 B 5.41 B 5.55 B 3.05 B - - - - - -

Deferred Revenue

- - - - 544 M 105 M 58.4 M 10.4 M - - - - - -

Retained Earnings

- - - - -5.36 B -4 B -2.34 B -1.15 B - - - - - -

Total Assets

3.97 B 8.07 B 8.88 B 9.34 B 10.9 B 9.93 B 9.38 B 3.02 B - - - - - -

Cash and Cash Equivalents

1.95 B 1.38 B 1.91 B 1.4 B 3.06 B 1.08 B 565 M 848 M - - - - - -

Book Value

2.5 B 2.95 B 3.28 B 3.84 B 5.29 B 4.52 B 3.83 B -34.9 M - - - - - -

Total Shareholders Equity

- - - - 5.29 B 4.52 B 3.83 B -34.9 M - - - - - -

All numbers in CNY currency

Quarterly Balance Sheet OneConnect Financial Technology Co., Ltd.

2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

- - - - 97.5 M - - - 48.1 M - - - 87.8 M - - - 127 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

- - - - 343 M - - - 433 M - - - 467 M - - - 429 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

- - - - 5.51 B - - - 5.6 B - - - 5.41 B - - - 5.55 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

- - - - -6.64 B - - - -5.36 B - - - -4 B - - - -2.34 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

- - - - 9.34 B - - - 10.9 B - - - 9.93 B - - - 9.38 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

- - - - 1.4 B - - - 3.06 B - - - 1.08 B - - - 565 M - - - 848 M - - - 78.2 M - - - - - - - - - - - - - - - - - - - - - - -

Book Value

- - - - 3.84 B - - - 5.29 B - - - 4.52 B - - - 3.83 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

- - - - 3.84 B - - - 5.29 B - - - 4.52 B - - - 3.83 B - - - -34.9 M - - - 234 M - - - - - - - - - - - - - - - - - - - - - - -

All numbers in CNY currency

Balance Sheet is a fundamental financial report of OneConnect Financial Technology Co., Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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