OneConnect Financial (OCFT) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 22, 2023 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the OneConnect First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the management prepared remarks, we will have a question-and-answer session. [Operator Instructions] Please note this event is being recorded.

Now I’d like to hand over the conference to your speaker host today, Mr. Rick Chan, the Company’s Head of Investor Relations. Please go ahead, Mr. Chan.

Rick Chan

Hello, everyone, and welcome to our 2023 first quarter earnings conference call. Our financial and operating results were released earlier today and currently available on our IR website.

Today, you will hear from our Chairman and CEO, Mr. Shen Chong Feng, who will give opening remarks and the business highlights. Afterwards, our CFO, Mr. Luo Yongtao, will offer a closer look into our financials. And then, in Questions and Answers:, our management team will be available to you. We have our CTO, Mr. Li Jie; Head of Digital Banking, Ms. Ellen Jia; and Deputy General Manager of Strategy and Products Division, Ms. [indiscernible]; and Chief Executive of Ping An OneConnect Bank, Mr. Michael Fei.

In today’s conference, our management team will make statements in Mandarin or in English. For those in Mandarin, a consecutive translation will be provided. In case of any discrepancy between the Mandarin version and the English version, our statement in the original language should prevail.

Let me quickly cover the Safe Harbor statement before we start. As we will be making forward-looking statements, which involve a number of risks and uncertainties, that could cause actual results to differ materially. Please note that we may present both IFRS and non-IFRS financial measures.

With that, I’m now pleased to turn our call to our Chairman and CEO, Mr. Shen Chong Feng. Mr. Shen, please.

Shen Chong Feng

[Foreign Language] [Interpreted] Hello, everyone. I’m Shen Chong Feng. Thank you for taking the time to dial in OneConnect 2023 Q1 earnings call. Against complexities brought by momentous changes never seen in the last 100 years and the pandemic of the century, OneConnect strives through a progress while maintaining stability, remained in innovative and delivered a solid performance under the guideline of increasing revenue, reducing costs, optimizing structure, improving products.