On March 18, Financial One Account (OCFT.US, 06638.HK) released the 2023 unaudited performance report. According to the report, the annual revenue of Financial One Account in 2023 was 3.67 billion yuan, gross margin increased 0.2 percentage points to 36.8% year on year, adjusted non-IFRS gross margin increased 0.2 percentage points year on year to 40.3% year on year, and net profit margin to mother increased from -19.5% to -9.9%, a sharp increase of 9.6 percentage points year on year.
Shen Chongfeng, Chairman and CEO of Financial One Account, said that benefiting from the ideal progress achieved in products, customers, and fee control, the company's loss reduction performance in 2023 was very effective. The net loss to mother narrowed to 360 million yuan, a sharp reduction of 510 million yuan from 872 million yuan in the same period last year, and the recovery was improving in all areas. Looking ahead to 2024, Financial One Account will continue to thoroughly implement the second phase of the strategy, make great strides towards the goal of medium-term profit, and achieve deep business growth points.
According to reports, the revenue of overseas customers of Financial One Account increased by more than 30% year-on-year in 2023, and its products are very popular with overseas financial institutions. By the end of 2023, the company's overseas business had expanded to 20 countries and regions, covering more than 185 customers.