On March 18th, Financial One Account released its unaudited performance report for the year ended December 31, 2023.
According to the performance report, the annual operating revenue of Financial One Account in 2023 reached 3.67 billion yuan, and the gross profit margin achieved a year-on-year growth of 0.2 percentage points, reaching 36.8%. The adjusted Non IFRS gross profit margin also increased by 0.2 percentage points to 40.3%. Of particular note, the company's net profit margin attributable to shareholders has significantly increased, from -19.5% to -9.9%, a year-on-year increase of 9.6 percentage points.
Shen Chongfeng, Chairman and CEO of Financial One Account, expressed satisfaction with the company's performance in 2023. He mentioned that thanks to the company's efforts in product, customer, and cost control, the company has achieved significant results in reducing losses, with a significant reduction in net loss attributable to the parent company compared to last year. Looking ahead to the future, he stated that Financial One Account will continue to implement the second phase strategy, committed to achieving mid-term profit goals and deepening various business growth points.
The performance report shows that as of the end of 2023, the proportion of third-party customer revenue from Financial One Account has increased from 33.1% at the end of 2022 to 35.6%; There were a total of 75 customers with a total contract amount of over 5 million throughout the year, and the average contract amount per customer increased by 6% year-on-year.
At the performance meeting, Shen Chongfeng also emphasized the company's expansion achievements in overseas markets. He stated that the company's overseas customer revenue increased by more than 30% year-on-year last year, and its products were well received by overseas financial institutions. At present, the company's overseas business covers 20 countries and regions, with a customer base of over 185.
Data shows that in recent years, the overseas business of Financial One Account has achieved rapid growth. Excluding the revenue contribution of Ping An One Account Bank (PAOB), the company's overseas customer revenue contribution increased by more than 30% year-on-year in 2023, and its proportion in third-party total revenue increased from 9.7% last year to 15.7%, gradually becoming a new business growth point.