Financial Performance - The company's revenue for 2022 exceeded RMB 20 billion, despite challenges from customer demand fluctuations and pandemic-related disruptions[4]. - The company's revenue for 2022 was RMB 20,005,171 thousand, representing an 8.7% increase compared to RMB 18,398,076 thousand in 2021[61]. - Service revenue for 2022 reached RMB 19,489,625 thousand, a 7.5% increase from RMB 18,132,013 thousand in the previous year[61]. - Annual profit decreased by 33.2% to RMB 758,829 thousand from RMB 1,136,690 thousand in 2021[61]. - Basic earnings per share fell by 36.1% to RMB 26.11 from RMB 40.89 in the previous year[61]. - The company's gross profit for 2022 was RMB 4,600,170 thousand, a decrease of 6.2% compared to RMB 4,904,241 thousand in 2021, with a gross margin of 23.0%[77]. - The sales and service costs for 2022 amounted to RMB 15,405,001 thousand, a 14.2% increase from RMB 13,493,835 thousand in 2021, with costs representing 77.0% of total revenue[76]. - The company reported a net profit of RMB 758,829 thousand, down from RMB 1,136,690 thousand in 2021, reflecting a net profit margin of 3.8%[73]. - The Technical Professional Services Group (TPG) revenue grew by 7.9% to RMB 17,930,401 thousand, while the Internet Information Technology Services Group (IIG) revenue increased by 16.8% to RMB 2,074,770 thousand[86]. Market Position and Strategy - The company has secured a 10% market share in Huawei Cloud, supporting its overall business development and expanding its cloud service capabilities[6]. - TPG has positioned itself as a leading brand in consulting, enterprise application services, and data services, focusing on end-to-end digital transformation for enterprise clients[15]. - The company has achieved a significant market presence, ranking second in IDC cloud management services and maintaining the top position in cloud migration and development professional services[16]. - The company is focusing on AIoT technology to build digital infrastructure, targeting key industries such as government and telecommunications, and aims to become a leader in integrated hardware and software solutions[21]. - The cloud strategy emphasizes "cloud adoption, cloud management, and cloud-native" to support digital transformation for enterprises, aiming to capture 10% of the Huawei cloud market share[22]. Digital Transformation and Innovation - The company is focusing on the "Big Xinchuang" era, leveraging OpenHarmony technology to enhance its digital ecosystem and develop smart IoT solutions[5]. - The company is actively engaging in the EAS (Enterprise Application Service) sector, targeting industries such as petrochemicals, energy, and aerospace for digital transformation solutions[7]. - The company is committed to building a brand as a digital transformation service expert, offering end-to-end service capabilities from planning to implementation[7]. - The company is enhancing its cloud management capabilities through continuous upgrades of its CloudEasy CMP and other cloud platforms[6]. - The company is developing the "Liberation Number" platform to enhance software development services for government projects, aiming to increase market penetration and coverage[24]. Research and Development - The company has contributed over 1.2 million lines of code to the OpenHarmony community, fostering talent development through the establishment of the Xinchuang Academy[5]. - TPG's cloud products include CMP, CBP, CAP, and various industry-specific solutions, enhancing its service offerings across multiple sectors[15]. - The company has invested significantly in R&D, successfully cloudifying its main products and solutions, and expanding into diverse new applications[15]. - Research and development expenses for 2022 were RMB 1,238,035 thousand, a slight decrease of 0.9% from RMB 1,249,325 thousand in 2021, representing 6.2% of total revenue[81]. Partnerships and Collaborations - The company has established partnerships with major ERP providers like Yonyou and Kingdee, enhancing its capabilities in digital finance and supply chain management[7]. - The company is collaborating with ERP platform vendors and state-owned enterprises to innovate in the domestic market, positioning itself as a leading brand in consulting and enterprise applications[23]. - The company has established a strong client base, including major players like Huawei, HSBC, Tencent, and Alibaba, indicating its high recognition in digital transformation partnerships[14]. - The company has established 14 joint operation innovation centers with Huawei Cloud, ranking first in third-party operation models, and received recognition for its operational achievements in various innovation centers[30]. Human Resources and Corporate Governance - The company employed 82,140 employees as of December 31, 2022, down from 92,039 employees the previous year, indicating a reduction of approximately 10% in workforce[145]. - The company maintains competitive salary levels for employees, regularly reviewing compensation in line with labor market conditions and local minimum wage guidelines[145]. - The company has established a remuneration committee in June 2005, which reviews the compensation packages for executive directors and senior management[104]. - The board consists of three executive directors, three non-executive directors, and three independent non-executive directors, ensuring a diverse governance structure[92]. Risk Management and Compliance - The company is committed to continuously improving its risk management system to ensure long-term growth and sustainability[117]. - The risk management process consists of four main steps: risk identification, risk assessment, risk response, and risk monitoring and reporting[118]. - The company has established a compliance management organization to enhance compliance capabilities in response to evolving regulatory environments[120]. - Continuous resource investment and compliance management system improvements are in place to address regulatory risks as the company expands its business scale[120]. Environmental and Social Responsibility - The company is committed to corporate social responsibility (CSR) and aims to strengthen its CSR framework in line with SA8000 standards, focusing on environmental sustainability and stakeholder engagement[122]. - The company has implemented environmental protection policies and adheres to international and national environmental standards, aiming to minimize energy consumption and pollutant emissions[144]. - The company aims to contribute to low-carbon development and industrial upgrades, aligning with national goals for carbon neutrality[180]. - The company is focused on low-carbon operations and green office practices while promoting a digital environmental business model to foster a green production lifestyle[197]. Future Outlook and Goals - The company aims to enhance its service capabilities and expand its market presence in key industries, targeting a leadership position in global IT services[65]. - The company plans to allocate approximately HKD 788 million for the development of full-stack cloud intelligent products and solutions, with about HKD 400 million specifically for full-stack development and related investments and acquisitions[89]. - The company is focused on integrating digital technologies across urban scenarios to promote smart city development and improve living quality[190]. - The company aims to create long-term value and sustainable development by integrating value investment, core services, employee growth, and social responsibility into its governance[195].

Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 20,005,171 thousand, representing an increase of 8.7% from RMB 18,398,076 thousand in 2021[2] - Service revenue for the same period was RMB 19,489,625 thousand, up 7.5% from RMB 18,132,013 thousand in the previous year[2] - The annual profit decreased by 33.2% to RMB 758,829 thousand compared to RMB 1,136,690 thousand in 2021[2] - Basic earnings per share fell by 36.1% to RMB 26.11 from RMB 40.89 in the prior year[2] - Gross profit for the year was RMB 4,600,170 thousand, down from RMB 4,904,241 thousand in 2021[4] - The company's total revenue for 2022 was RMB 20,005,171 thousand, an increase of 8.7% compared to RMB 18,398,076 thousand in 2021[11] - The annual profit attributable to the company's owners for 2022 was RMB 759,441 thousand, a decrease of 33.2% from RMB 1,136,911 thousand in 2021[19] - Basic earnings per share for 2022 decreased by 36.1% compared to the previous year[24] - The company reported a gross profit of RMB 4,600,170 thousand, down 6.2% from RMB 4,904,241 thousand in 2021[25] - In 2022, the company's annual profit was RMB 758,829 thousand, a decrease of 33.2% compared to RMB 1,136,690 thousand in 2021, with the profit margin on revenue dropping from 6.2% to 3.8%[48] Revenue Segmentation - The technology professional services segment generated revenue of RMB 17,930,401 thousand in 2022, compared to RMB 16,622,352 thousand in 2021[13] - The internet information technology services segment reported revenue of RMB 2,074,770 thousand in 2022, up from RMB 1,775,724 thousand in 2021[13] - The Internet Information Technology Services Group's revenue grew by 16.8% to RMB 2,074,770 thousand, primarily due to rapid growth in cloud services[49] Expenses and Liabilities - Research and development expenses were RMB 1,238,035 thousand, slightly decreased from RMB 1,249,325 thousand in the previous year[4] - The company's income tax expense for 2022 was RMB 71,053 thousand, down from RMB 115,387 thousand in 2021[15] - The company's total liabilities decreased to RMB 2,043,359 thousand in 2022 from RMB 2,251,585 thousand in 2021[21] - The company's financial expenses increased by 13.7% to RMB 113,212 thousand in 2022, with the ratio to revenue rising from 0.5% in 2021 to 0.6%[45] Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.0567 per share for the year ended December 31, 2022[2] - The company proposed a final dividend of HKD 5.67 per share for the year ended December 31, 2022, compared to HKD 3.23 per share in 2021[17] - The annual general meeting is scheduled for May 22, 2023, where shareholders will vote on the proposed final dividend[62] Employee and Operational Metrics - Active customer count in 2022 was 2,394, with 192 large customers generating service revenue exceeding RMB 6 million[31] - The total number of employees at the end of 2022 was 82,140, a decrease of 10.8% from 92,039 at the end of 2021, while the average number of employees increased by 3.7%[33] - The technology professionals within the company reached 78,221, accounting for 95.2% of total employees, with project managers, consultants, and senior engineers making up 35.1% of the technical staff[33] Strategic Initiatives - The company has established a strategic partnership with Huawei Cloud, focusing on digital transformation across various industries[26] - The company is expanding its presence in the automotive sector, achieving rapid growth and establishing benchmark projects with major automotive manufacturers[27] - The company plans to continue leveraging its strategic planning to enhance its service capabilities and expand into broader digital transformation markets[28] - The company aims to strengthen its global presence by leveraging partnerships with top ICT infrastructure providers and expanding into international markets[32] Cash Flow and Financial Health - The net cash balance available was RMB 5,112,410 thousand in 2022, down from RMB 5,578,368 thousand in 2021, while the current ratio improved from 3.4 to 3.8[47] - The effective tax rate for 2022 was 8.6%, down from 9.2% in 2021, primarily due to a decrease in profit and the impact of a previous subsidiary sale[45] Corporate Governance - The company has adopted various measures to ensure high standards of corporate governance, including the separation of the roles of Chairman and CEO, although the current Chairman also serves as CEO[53] - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting and internal control systems at least biannually during the year[58] - The company confirmed compliance with the standards for securities trading as per the listing rules for the year ended December 31, 2022[54]

Financial Performance - The company's revenue for the first half of 2022 reached RMB 10,025,275, representing a 20.2% increase compared to RMB 8,340,938 in the same period of 2021[4]. - Service revenue amounted to RMB 9,820,494, up 18.9% from RMB 8,258,599 year-on-year[4]. - The net profit for the period was RMB 570,880, reflecting a 10.4% increase from RMB 516,998 in the previous year[4]. - Basic earnings per share increased by 3.7% to RMB 19.62, compared to RMB 18.92 in the prior year[4]. - The company reported a profit before tax of RMB 610,453 thousand, with a net profit of RMB 570,880 thousand, representing a 10.4% increase from RMB 516,998 thousand in the first half of 2021[87]. - The company's total revenue for the first half of 2022 was RMB 10,025,275 thousand, representing a 20.2% increase compared to RMB 8,340,938 thousand in the same period of 2021[87]. - The company's profit for the period was RMB 570,880 thousand, reflecting a 10.4% year-on-year growth[69]. - The basic earnings per share for the first half of 2022 was approximately RMB 19.62, up 3.7% from RMB 18.92 in the first half of 2021[99]. Strategic Partnerships and Initiatives - The company has established a strategic partnership with China Mobile to provide integrated delivery services based on the OneNET urban IoT platform[10]. - The company has launched the AloT Initiative Group to promote the development of the HarmonyOS ecosystem and facilitate digital transformation across various industries[8]. - The company has established a strategic partnership with major collaborators like Yonyou and Kingdee to drive digital transformation in industries such as energy, manufacturing, and high-tech, enhancing its brand influence as a "digital transformation service expert"[13]. - The company has signed a strategic cooperation agreement with the Tianjin Municipal Government to develop the "Tianhong" system, promoting the digital industry ecosystem in Tianjin based on the open-source Hongmeng operating system[22]. - The company has launched a joint customer development center with Baidu to create a standardized framework for intelligent transportation solutions, focusing on areas like vehicle-road collaboration and smart highways[13]. - The company has established the Beijing Institute of Technology - ChinaSoft International Information Technology Innovation Institute to promote the development of open-source ecosystems in various fields[19]. Growth and Market Position - The company ranked 80th among global IT service providers in the Gartner report, marking it as the fastest-growing Chinese enterprise[6]. - The company aims to become a leading player in the IT service sector in China, focusing on quality, value, and meaningful contributions to the industry[19]. - The company has deepened its strategic cooperation with Huawei Cloud, expanding its scale and enhancing marketing efforts in various industry sectors[26]. - The company aims to become the preferred solution provider for digital transformation among government and enterprise clients, contributing to China's digital economy[26]. - The company has expanded its automotive software business, establishing partnerships with major manufacturers such as Geely and Lotus, and ranked in the top 3 IT service providers for Geely[65]. Digital Transformation and Technology Development - Cloud intelligent business revenue continues to grow rapidly, becoming a key driver of non-linear growth for the company[11]. - The company has implemented a "software factory" model to enhance operational efficiency, achieving significant improvements in key indicators such as standard labor cost rate and resource utilization during the reporting period[14]. - The company has focused on building a digital production line with a self-management service model to help clients reduce outsourcing management costs and improve R&D quality and efficiency[16]. - The company provides end-to-end data engineering services, focusing on data platform construction, governance, and application development, with significant breakthroughs in NLP, knowledge graphs, and machine learning technologies[30]. - The company has developed multiple self-researched modules and solution boards for the Hongmeng innovation during the reporting period[24]. Client and Market Expansion - The company has expanded its digital supply chain management services in cities, increasing its coverage to include Wuhan, Changsha, Ningbo, and Zhengzhou, forming a "4+4" city deep cultivation pattern[17]. - The number of commercial and channel partners has increased from over 3,000 to more than 5,000, while the number of solution and ISV partners has grown from over 300 to more than 600[27]. - The company has established 13 joint operation innovation centers in collaboration with Huawei Cloud, ranking first in China's third-party industrial cloud operation model[29]. - The company has expanded its urban coverage from four to eight cities, enhancing its client base in government and enterprise markets[48]. Financial Management and Investments - The company's cash balance as of the first half of 2022 was RMB 4,574,691 thousand, a decrease from RMB 5,578,368 thousand in the same period of 2021[97]. - The net current assets for the first half of 2022 were RMB 8,627,805 thousand, down from RMB 9,534,026 thousand in the first half of 2021[97]. - The group reported a net profit attributable to shareholders of RMB 571,554 thousand for the first half of 2022, representing a 10.4% increase compared to RMB 517,724 thousand in the same period of 2021[98]. - The company has completed strategic investments in leading service providers, enhancing service quality and accelerating the development of its service delivery system[46]. - The company’s financing activities generated a net cash inflow of RMB 302,897 thousand for the six months ended June 30, 2022, compared to RMB 553,290 thousand in the same period of 2021[114]. Corporate Governance - The company has adopted various measures to maintain high standards of corporate governance, adhering to the corporate governance code as per the listing rules[147]. - The company’s board believes that the roles of Chairman and CEO should not be held by the same person, but currently, Dr. Chen Yuhong holds both positions, which the board believes provides strong and consistent leadership[147]. - The company plans to continue enhancing its corporate governance practices to ensure compliance with legal and professional standards[147]. - The company’s board will regularly review governance practices to align with the latest developments and standards[147].

Financial Performance - In 2021, Chinasoft International achieved record revenue and profit, ranking 80th in Gartner's global IT services market for the fourth consecutive year[4]. - The company’s revenue for 2021 reached RMB 18,398,076 thousand, representing a year-on-year growth of 30.5%[54]. - Service revenue increased to RMB 18,132,013 thousand, with a year-on-year growth of 31.8%[54]. - Annual profit rose to RMB 1,136,690 thousand, reflecting a year-on-year increase of 19.9%[54]. - Basic earnings per share grew by 8.0% to RMB 40.89[54]. - The gross profit margin for 2021 was 26.7%, down from 29.2% in 2020, reflecting increased costs[65]. - The group reported a net profit of RMB 1,136,690 thousand for 2021, a year-on-year increase of 19.9%[77]. - The group’s cash balance at the end of 2021 was RMB 5,578,368 thousand, up from RMB 3,815,703 thousand in 2020[76]. Strategic Initiatives - The company established the Intelligent IoT Business Group (ABG) to support its strategic transformation and enhance delivery capabilities, aiming for high-quality and scalable growth[5]. - The establishment of Shenzhen Kaihong Digital Industry Development Co., Ltd. will facilitate the company's entry into the open-source HarmonyOS market, providing strategic opportunities[5]. - The company aims to enter the top 50 global IT service providers by 2023 and the top 25 by 2026, targeting a revenue of $10 billion[13]. - The strategic planning SP301 marks the first year of a critical three-year development phase for establishing a quality and meaningful business portfolio[4]. - The company aims to leverage its strengths in AIoT to build a core ecosystem around the domestic operating system, enhancing its capabilities in cloud, intelligent IoT, and high-end talent[6]. Cloud and Digital Transformation - Chinasoft International's cloud intelligence business experienced significant growth, becoming the top partner in Huawei Cloud's national ecosystem, achieving a 20-fold increase over four years[7]. - The company is focusing on the digital transformation needs of various industries through its leading cloud services and solutions, positioning itself as a preferred provider for enterprise digital transformation[7]. - The company has launched the CloudEasy brand, providing comprehensive cloud services and solutions, significantly reducing costs for enterprises transitioning to cloud services[9]. - The company has developed a range of cloud products and industry solutions, including cloud management platforms and smart financial systems, catering to various sectors such as finance, transportation, and government[16]. - The company has been recognized as a leading provider in cloud migration and development services, maintaining its top position in the market according to IDC reports[29]. Innovation and R&D - The company is committed to creating value for shareholders by fully leveraging its advantages in technology and industry[6]. - R&D expenses increased by 34.3% to RMB 1,249,325 thousand, indicating a strong commitment to innovation[55]. - The company has invested in building a cloud-native self-developed toolchain, promoting DevOps transformation across various industries, including finance and manufacturing[28]. - The company continues to innovate in cloud-native industry solutions, maintaining rapid growth in smart city and smart manufacturing sectors[9]. Market Expansion and Client Engagement - The company has established a presence in over 50 cities across China, focusing on key cities like Suzhou, Nanjing, Chongqing, and Shenzhen to enhance government service coverage[12]. - The company has provided IT services to clients in 47 countries, leveraging partnerships with major multinational corporations to expand its global footprint[26]. - The company added 29 new clients in the financial sector, including domestic and foreign banks, enhancing its market presence[57]. - The company’s business with Tencent continued to grow steadily, expanding its cooperation in areas such as WeChat Pay and live streaming, while also achieving exclusive supply for the WeChat review team[47]. Corporate Governance - The company has confirmed compliance with corporate governance standards and continues to enhance its governance practices[84]. - The board of directors consists of three executive directors, three non-executive directors, and three independent non-executive directors, ensuring a diverse governance structure[85]. - The board is responsible for approving annual and interim results, major acquisitions, and investments, thereby enhancing shareholder value[89]. - The company has appointed independent non-executive directors with appropriate qualifications to safeguard shareholder interests[90]. Environmental and Social Responsibility - The company is committed to enhancing its corporate social responsibility (CSR) practices, aligning with SA8000 standards, and focusing on environmental sustainability and stakeholder engagement[113]. - The total greenhouse gas emissions for 2021 reached 24,192 tons CO2 equivalent, an increase of 30% from 2020's 18,463 tons[182]. - The company aims to maintain stable per capita greenhouse gas emissions, energy consumption, and water usage over the next five years, starting from 2021[181]. - The group has established a customer complaint handling mechanism to improve service quality based on feedback received[134]. Employee Engagement and Development - Employee count grew by 21.2% year-on-year, reaching 92,039 by the end of 2021, with technical staff comprising 95% of the workforce[62]. - The company has implemented flexible working hours and online attendance tracking to improve work-life balance[194]. - Employee turnover rates for 2021: overall male turnover at 28%, female turnover at 30%, and turnover for employees aged ≤30 at 32%[190]. - The company has actively promoted COVID-19 vaccination among employees, facilitating multiple vaccination and testing events[200].

Financial Performance - Revenue for the first half of 2021 reached RMB 8,340,938 thousand, representing a 37.7% increase compared to RMB 6,059,391 thousand in 2020[4] - Service revenue amounted to RMB 8,258,599 thousand, up 38.3% from RMB 5,970,217 thousand in the previous year[4] - Profit for the period was RMB 516,998 thousand, reflecting a growth of 30.2% from RMB 397,107 thousand in 2020[4] - Profit attributable to owners of the company was RMB 517,724 thousand, a 29.0% increase from RMB 401,380 thousand in the prior year[4] - Basic earnings per share increased to RMB 18.92, up 16.6% from RMB 16.22 in the same period last year[4] - Gross profit for the first half of 2021 was approximately RMB 2,293,758 thousand, a 39.1% increase from RMB 1,649,000 thousand in the same period of 2020[86] - The gross profit margin for the first half of 2021 was 27.5%, up from 27.2% in the first half of 2020[86] - The company's mid-term net profit grew over 30%, reaching a new high since its listing[67] - The net profit for the period was RMB 516,998 thousand, compared to RMB 397,107 thousand in 2020, indicating a 30% growth[105] Market Position and Growth - The company ranked 87th in the Gartner global IT services market share, an improvement of 8 positions from the previous year[6] - The cloud intelligent business experienced rapid growth, contributing significantly to the overall revenue increase[8] - The company has established partnerships with over a thousand ISVs across various industries, enhancing its market presence[8] - The company aims to optimize its business structure and enhance its market position as a leading software service provider in China over the next five years[16] - The company has achieved significant growth in its cloud brokerage business, with a steady increase in the number of partners and clients across various high-value industries[19] - The company has expanded its collaboration with major clients such as Alibaba, Baidu, and Tencent, increasing delivery cities to over 50 for Alibaba[57] Strategic Initiatives - The company is focusing on digital transformation consulting and has strengthened its service capabilities in key industries[10] - The FFW strategy is driving high-quality expansion and professional advancement in the company's core business operations[11] - The company is focused on digital transformation for SMEs through the "Digital Gardener" initiative, providing tailored solutions to promote digitalization[16] - The company has established strategic partnerships with major cloud service providers, including Huawei Cloud, Microsoft Azure, and Tencent Cloud, to enhance its cloud solutions and services[18] - The company has launched multiple proprietary modules and development boards in the consumer market, aiming to become a leading provider of HarmonyOS solutions and has partnered with top smart home manufacturers[30] Cloud and Technology Development - The cloud management platform "CloudEasy" has been launched, and the company ranked first in both "cloud migration services" and "cloud development services" in the China Cloud Professional Services Market Insight report[19] - The CloudEasy cloud management platform has integrated with major cloud services including Huawei Cloud and Alibaba Cloud, featuring over 2000 performance indicators for resource monitoring and cost analysis, significantly enhancing cloud efficiency for clients[24] - The company has developed a cloud-native self-research toolchain, completing the MVP version, and is promoting it in the energy, finance, and manufacturing sectors, while also enabling local government clients in DevOps transformation[24] - The company is actively participating in the construction of the HarmonyOS ecosystem, providing full-stack solutions from chips to applications[14] - The company has become a founding member of OpenHarmony and actively contributes source code to expand the influence of the HarmonyOS ecosystem[16] Client Engagement and Projects - The company has successfully delivered multiple benchmark projects in the digital office sector, including contracts with major clients such as GAC Motor and China Earthquake Administration[27] - The platform GTV (Gross Transaction Value) for the "Liberation Number" reached RMB 1.95 billion, with a total of 1,441 projects providing digital services to government enterprises[32] - The number of registered government users increased to 2,956, with active users growing by 52.2% year-on-year to 318[32] - The company has developed over 270 smart park ecosystem partners and 128 hospital park ecosystem partners, with a project aimed at creating the first all-scenario smart hospital in China published in a top medical journal[27] Financial Technology and Services - The financial and banking business has seen steady growth, adding over 20 new clients, with a market coverage rate of over 90% for domestic and foreign clients[36] - The company has successfully launched a blockchain-based enterprise-level supply chain service platform in large state-owned enterprises[36] - The insurance business has shown steady growth, with new clients including China United Insurance, Huatai Insurance, and Taiping Insurance[36] - The company has successfully implemented a label portrait system based on customer tagging solutions, which has been officially put into commercial use[38] - The company has maintained a leading position in the securities business, with ongoing projects such as the Shanghai Stock Exchange system acceptance testing and the DCE data 2.0 platform project[38] Employee and Operational Metrics - Total number of employees as of June 30, 2021, reached 83,178, a 22.3% increase from 67,992 employees as of June 30, 2020[77] - The company's employee compensation for the six months ended June 30, 2021, was approximately RMB 7,078,528,000, an increase from RMB 4,844,011,000 in 2020, attributed to an increase in employee count from 67,992 to 83,178[148] - The company reported intangible asset amortization and depreciation expenses of approximately RMB 23,199,000 and RMB 181,941,000, respectively, for the six months ended June 30, 2021[148] Shareholder and Equity Information - The company declared a final dividend of HKD 0.029 per share for the year ended December 31, 2020, totaling HKD 84,265,513, an increase from HKD 57,481,091 in 2020[129] - The total number of ordinary shares issued by the company as of June 30, 2021, is 2,911,000,000[157] - Major shareholders include Dan Capital Tangkula Limited Partnership and Dan Capital Kunlun Limited Partnership, each holding approximately 377,492,861 shares, representing 12.99% of the total issued ordinary shares[170] - UBS Group AG holds 306,506,198 shares, accounting for 10.55% of the total issued ordinary shares[170] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ended June 30, 2021, ensuring compliance with applicable accounting standards[175] - No shares were repurchased, sold, or redeemed by the company or its subsidiaries during the reporting period[176]

Financial Performance - In 2020, Chinasoft International achieved record revenue and profit, continuing to rank in the top 100 of Gartner's global IT services market share[5]. - The company aims to reach a sales revenue target of 30 billion by 2023 as part of its strategic planning (SP301)[5]. - The company achieved a revenue growth of 17.1% year-on-year, reaching RMB 14,101,239 thousand in 2020[54]. - Service revenue increased by 18.3% year-on-year, totaling RMB 13,762,185 thousand[54]. - The annual profit attributable to shareholders grew by 26.5% year-on-year, amounting to RMB 954,928 thousand[55]. - Basic earnings per share rose by 23.3% year-on-year, reaching RMB 37.86[55]. - The company maintained a leading position in the construction of intelligent data centers for airports, successfully delivering a data service platform project for a western airport group[26]. - The company has established a strong customer base, including major clients like Huawei, HSBC, Tencent, and Alibaba, providing IT services to clients in 32 countries[64]. - The revenue contribution from the Technology Professional Services Group (TPG) was 87.9% in 2020, with a growth rate of 18.5%[70]. - The total revenue for 2020 was RMB 14,101,239 thousand, a 17.1% increase compared to RMB 12,041,895 thousand in 2019[79]. Cloud Services and Digital Transformation - Cloud intelligent business revenue experienced rapid growth, with a 20-fold increase over four years, and the company established 15 Huawei Cloud capability centers nationwide[6]. - The company became the official regional service center for Tencent Cloud, expanding its cooperation in the government and education sectors[6]. - Chinasoft International's cloud solutions have penetrated various industries, including healthcare, automotive, telecommunications, finance, and retail, achieving significant growth[6]. - The company successfully delivered its first overseas operator customer for its commercial cloud platform, marking a breakthrough in international markets[7]. - The company launched a "one-stop" cloud brokerage platform, "Huaxia Cloud Network," which continues to be upgraded[6]. - The company aims to become a global leading cloud service provider, focusing on increasing the proportion of cloud intelligent business, which is seen as the second growth curve[9]. - The company plans to upgrade IT outsourcing services from traditional IT services to software factories, and expand cloud intelligent solutions to align with digitalization trends[10]. - The company has developed a range of cloud products and industry solutions, including intelligent robots and smart credit systems for the financial sector[13]. - TPG's digital transformation strategy focuses on building end-to-end capabilities in cloud services, with a strong emphasis on "cloud-first" initiatives[19]. - The company has successfully replicated its cloud services from North America to major platforms like Huawei Cloud and Tencent Cloud, providing comprehensive cloud services including consulting, migration, and management[13]. Strategic Partnerships and Collaborations - Chinasoft International ranked first in Huawei's software and technology service supplier performance evaluation, enhancing its position as a strategic supplier[8]. - The company has established a strong strategic partnership with Huawei, focusing on collaborative expansion and ecosystem development[10]. - The company has signed strategic cooperation agreements with 23 city governments, serving 700 government users and delivering 2,800 projects, with 2,300 transactions completed[9]. - The company has established partnerships with major consulting firms for IFRS 17 solutions, marking a significant step in the insurance sector's compliance efforts[31]. - The company has established new collaborations with ByteDance and JD.com, achieving rapid growth and entering the core supplier list for ByteDance's gaming business[47]. Market Position and Growth - The company has over 100 billion in service revenue, ranking in the top 100 of Gartner's global IT service market share[11]. - The company is positioned as a leader in the AIoT market, focusing on the IoT operating system ecosystem and expanding in the Pearl River Delta and Yangtze River Delta regions[10]. - The company has maintained long-term cooperation with over 90% of foreign bank clients in China, expanding into new project collaborations in areas such as TIPS and online payment solutions[30]. - The company has expanded its big data business in the financial sector, maintaining its existing position while continuously moving towards digitalization and high-value services[25]. - The company has achieved significant growth in its Ping An business, opening 9 new clients in the banking, insurance, and fintech sectors, and successfully delivered projects in the healthcare technology field, marking a breakthrough from 0 to 1[59]. Corporate Governance and Compliance - The company believes that the dual role of the Chairman and CEO provides strong and consistent leadership for effective long-term business strategy planning[85]. - The board held four regular meetings during the year to review and approve financial performance and operational results[90]. - The company plans to continue enhancing corporate governance practices to ensure compliance with legal and professional standards[85]. - The company has established a comprehensive risk management framework to identify, assess, and manage significant risks, ensuring they remain within acceptable levels[107]. - The company has established a clear organizational structure and effective filing system for accounting and business transaction records[103]. Environmental and Social Responsibility - The company is committed to strengthening its corporate social responsibility (CSR) framework, aligning with SA8000 standards to enhance its sustainable development and international competitiveness[113]. - The total greenhouse gas emissions for 2020 amounted to 18,463 tons of CO2 equivalent, a decrease from 20,862 tons in 2019, representing a reduction of approximately 6.7%[175]. - The company implemented a resource-saving policy, achieving a water consumption of 229,761 tons in 2020, down from 246,466 tons in 2019, a decrease of about 6.8%[177]. - The company has established an ESG working group to implement strategies and policies related to ESG[171]. - The company has updated its waste disposal partnerships to include firms with professional recycling capabilities, enhancing its waste management practices[174]. Employee Engagement and Development - The company employed a total of 75,956 staff by the end of 2020, a 23.7% increase from 61,380 at the end of 2019[65]. - A total of 191,321 training participations were recorded during the year, with a satisfaction rate exceeding 96%[194]. - The company launched an employee psychological assistance program, establishing a 24/7 psychological hotline and offering professional services to support employee mental health[193]. - The employee turnover rate for male employees was 31%, while for female employees it was 27% in 2020[180]. - The company organized various interactive activities across different regions to enhance employee engagement and organizational atmosphere[186].

Financial Performance - The company achieved a revenue of RMB 6,059,391 thousand for the first half of 2020, representing a year-on-year growth of 9.4% compared to RMB 5,538,248 thousand in 2019[5]. - Service revenue reached RMB 5,970,217 thousand, an increase of 8.7% from RMB 5,493,458 thousand in the same period last year[5]. - The net profit for the period was RMB 397,107 thousand, reflecting a growth of 10.6% from RMB 358,967 thousand in 2019[5]. - The company reported a basic earnings per share of RMB 16.22, up 10.8% from RMB 14.64 in the previous year[5]. - The cost of sales and services for the first half of 2020 was RMB 4,410,391 thousand, up 11.1% from RMB 3,971,495 thousand in the same period of 2019, with a cost-to-revenue ratio of 72.8% compared to 71.7% in 2019[60]. - Gross profit for the first half of 2020 was approximately RMB 1,649,000 thousand, a 5.2% increase from RMB 1,566,753 thousand in the first half of 2019, with a gross margin of 27.2% down from 28.3% in 2019[61]. - Other income for the first half of 2020 was RMB 125,986 thousand, a significant increase of 108.2% from RMB 60,498 thousand in the same period of 2019, mainly due to increased government subsidies[62]. - The company's overall profit margin for the first half of 2020 was 6.6%, slightly up from 6.5% in the same period of 2019[67]. - The mid-term net profit increased by over 10%, reaching a new high since its listing[46]. Cloud Intelligence Business - Cloud intelligent business revenue exceeded RMB 1.2 billion, with a year-on-year growth rate of over 34%[7]. - The company achieved rapid growth in cloud management and professional services, becoming a top 3 player in the IDC China cloud management services market for two consecutive years, with a continuous increase in market share[16]. - The company’s cloud intelligent business revenue reached RMB 1,230,752,000, up from RMB 916,765,000 in 2019, reflecting a growth of approximately 34.2%[94]. - The company believes that its cloud intelligence business is entering a rapid expansion phase, which will continuously drive future performance growth and profit margin improvement[69]. Digital Transformation and Innovation - The company is focusing on digital transformation services, enhancing its Digital-First consulting capabilities to meet the rising demand for digitalization[8]. - The company is focusing on digital transformation consulting services, enhancing overall solution value through enterprise digital transformation, data consulting, and innovation consulting[15]. - The company has implemented a Digital-First approach to digital transformation consulting, helping enterprises build new business capability models and guiding system restructuring[15]. - The company is investing in cloud intelligence services, leveraging emerging technologies such as AI and big data to provide end-to-end cloud services across various sectors, including finance and government[14]. Strategic Partnerships and Collaborations - The company has established a strong partnership with Huawei, becoming a primary distributor for Huawei Cloud in 14 provinces and cities, maintaining the top sales performance[9]. - The company is actively participating in the development of the Huawei HarmonyOS ecosystem, becoming a service partner for Huawei HiLink ecosystem[9]. - The company has established a 10-year strategic partnership with Beijing Institute of Technology to cultivate talent in innovative technology and promote regional cooperation[12]. - The company is deepening its collaboration with Huawei, participating in the development of the HMS Core 4.0 service capabilities[47]. Market Expansion and Client Base - The company has successfully expanded its overseas business, including projects with HSBC and AIA for cloud migration to AWS and Azure[16]. - The company expanded its customer base in the financial and banking sector by adding 12 new clients, including state-owned and private banks, while maintaining long-term cooperation with over 90% of foreign bank clients[29]. - The company has successfully expanded its main data solutions into the real estate sector, signing contracts for major data projects with clients like Unisplendour and Shougang Real Estate[24]. Employee and Workforce Growth - The total number of employees reached 67,992, reflecting a year-on-year growth of 12.5%[52]. - Employee compensation for the six months ended June 30, 2020, was approximately RMB 4,844,011,000, an increase from RMB 4,385,867,000 in the same period of 2019, attributed to an increase in employee count from 60,455 to 67,992[118]. Corporate Governance - The company has adopted various measures to maintain high standards of corporate governance, adhering to the guidelines of the corporate governance code as per the listing rules[120]. - The company established an audit committee to oversee financial reporting and internal control systems, consisting of three independent non-executive directors[139]. - The audit committee reviewed the interim results for the six months ended June 30, 2020, and confirmed compliance with applicable accounting standards and regulations[139]. Financial Position and Assets - As of June 30, 2020, total non-current assets amounted to RMB 2,563,617 thousand, a slight increase from RMB 2,547,070 thousand as of December 31, 2019[77]. - Current assets reached RMB 9,178,317 thousand, compared to RMB 8,198,326 thousand at the end of 2019, indicating a growth of approximately 12%[79]. - Total liabilities decreased from RMB 3,149,763 thousand to RMB 2,010,497 thousand, reflecting a reduction of about 36%[79]. - The net asset value increased to RMB 7,167,820 thousand from RMB 5,048,563 thousand, representing a growth of approximately 42%[79].

Financial Performance - Revenue for the first half of 2019 reached RMB 5,538,248 thousand, a 15.0% increase from RMB 4,813,853 thousand in 2018[14] - Service revenue amounted to RMB 5,493,458 thousand, reflecting a growth of 15.2% compared to RMB 4,770,267 thousand in the previous year[14] - The company's profit for the period was RMB 358,967 thousand, a slight increase of 0.9% from RMB 355,805 thousand in 2018[14] - Basic earnings per share were RMB 14.64, down 1.5% from RMB 14.87 in the same period last year[14] - The gross profit for the first half of 2019 was approximately RMB 1,566,753 thousand, a 12.7% increase from RMB 1,390,052 thousand in the same period of 2018, with a gross margin of 28.3%[90] - The company's selling and service costs for the first half of 2019 were RMB 3,971,495 thousand, a 16.0% increase from RMB 3,423,801 thousand in the first half of 2018, with costs representing 71.7% of revenue[89] - Administrative expenses increased by 22.5% to RMB 832,932 thousand in the first half of 2019, accounting for 15.0% of revenue, primarily due to increased R&D investment in cloud intelligence business[93] - Other income for the first half of 2019 was RMB 60,498 thousand, a significant increase of 219.3% from RMB 18,945 thousand in the same period of 2018, mainly due to VAT input tax credits and increased government subsidies[91] - Financial expenses rose by 56.5% to RMB 85,411 thousand in the first half of 2019, representing 1.5% of revenue, attributed to increased bank loans and new lease accounting standards[96] - The company reported a net profit of RMB 358,967 thousand for the first half of 2019, slightly up from RMB 355,805 thousand in the same period of 2018, with a net profit margin of 6.5%[85] Business Development and Strategy - The company has established a Cloud Intelligent Business Group to enhance R&D investment in cloud products and solutions, aiming for non-linear growth[17] - The company aims to leverage cloud-native opportunities to accelerate digital business and solidify its foundational business over the next three years[16] - The company is committed to enhancing its core competitiveness through partnerships and innovation in the face of complex international conditions[27] - The company aims to maintain strategic determination and confidence for future development, emphasizing its capabilities and accumulated experience[27] - The company plans to accelerate its overseas expansion, leveraging partnerships with Huawei and other strategic clients to enhance its global IT service footprint[77] Partnerships and Collaborations - The company has become a strategic partner of Huawei Cloud, with multiple industry solutions gaining traction and nearly 1,000 consumer clients[20] - The collaboration with Huawei has led to the company becoming a key IT supplier for Huawei's consumer business group, enhancing its presence in East and South Asia[41] - The company established a cloud service team targeting Japanese enterprises, winning contracts for shared platform projects and CDN transformation projects[31] - The company signed a strategic cooperation agreement with Chongqing Hechuan District to provide inclusive intelligent manufacturing services[37] - The company’s partnership with Microsoft continued to expand, launching multiple new projects and achieving Silver Partner certification for Microsoft PowerApps[52] Technology and Innovation - The company launched AI-based platform certification and electronic signature services, and upgraded its big data intelligent recommendation system to version 4.0, enhancing operational data capabilities[27] - The company achieved a significant breakthrough in delivering the TCL park solution and expanded its customer base with nearly 1,000 consumer clients through Huawei Cloud, doubling its cloud consumption[30] - The smart airport business progressed steadily, with the Beijing Daxing International Airport intelligent data center project completed and accepted, serving as a benchmark for digitalization in airports[35] - The company’s big data services in the insurance sector successfully deployed a real-time indicator system for Sunshine Property Insurance, showcasing replicable solutions across property insurance clients[33] - The company completed the delivery of the agricultural big data platform for Guizhou Province, supporting agricultural industry restructuring[56] Market Position and Client Engagement - The company maintained a leading position in supply chain finance solutions, with commercial factoring products undergoing cloud service and customization trials[48] - The company’s insurance business experienced rapid growth, successfully implementing several key projects and expanding its collaboration with AIA Insurance in the Asia-Pacific region[49] - The company’s telecommunications business expanded significantly, with successful bids for key projects with China Mobile and a team size nearing 1,000[51] - The company added over 20 new clients in the financial and banking sector, including domestic and foreign banks, private banks, and non-bank financial institutions[46] - The company achieved successful project collaborations with major clients in the insurance sector, including Sunshine Property Insurance and China Reinsurance, optimizing solutions and winning several significant projects[49] Financial Position and Assets - The total assets less current liabilities as of June 30, 2019, were RMB 7,443,887 thousand, an increase from RMB 6,762,526 thousand as of December 31, 2018[109] - The total assets as of June 30, 2019, were RMB 5,607,320 thousand, compared to RMB 6,031,523 thousand at the end of the previous year[114] - The company's total liabilities were RMB 3,000,000 thousand, reflecting a debt-to-equity ratio of approximately 0.5[114] - The total borrowings amounted to RMB 2,540,724,000 as of June 30, 2019, compared to RMB 1,675,646,000 at the end of 2018, reflecting an increase of approximately 51.5%[168] - Trade receivables (net of provisions) increased to RMB 2,895,261,000 as of June 30, 2019, from RMB 2,139,753,000 as of December 31, 2018, marking a rise of 35.4%[156] Employee and Governance - The number of employees increased to 60,455 as of June 30, 2019, reflecting a growth of 10.6% from 54,663 employees a year earlier[78] - Employee compensation for the six months ended June 30, 2019, was approximately RMB 4,385,867,000, up from RMB 3,379,551,000 in the same period of 2018, marking an increase of about 29.6%[174] - The company believes that maintaining high standards of corporate governance is crucial for its success and has adopted various measures to ensure compliance with governance codes[177] Shareholder Information - As of June 30, 2019, the company had a total of 446,192,861 shares held by Chen Yuhong, representing approximately 17.54% of the total issued ordinary shares[182] - The company has granted a total of 235,960,000 share options under the new share option plan, which remains unexercised, accounting for 9.27% of the total issued ordinary shares as of June 30, 2019[190] - The independent trustee has purchased a total of 46,630,000 shares in the open market, representing 1.83% of the total issued ordinary shares as of June 30, 2019[193] - The company has a diverse range of shareholders, including investment management firms and partnerships[198] - The total percentage of shares held by major stakeholders indicates a concentrated ownership structure[198]

Financial Performance - In 2018, the company's revenue reached RMB 10,585,013, representing a year-on-year growth of 14.5%[74]. - Service revenue for 2018 was RMB 10,339,012, with a year-on-year increase of 17.4%[74]. - Annual profit for 2018 was RMB 716,171, reflecting a growth of 27.6% compared to the previous year[74]. - Basic earnings per share grew by 25.2% compared to the previous year[72]. - The gross profit for 2018 was RMB 3,244,657, an 18.0% increase from RMB 2,750,466 in 2017, with a gross margin of 30.7% compared to 29.8% in the previous year[90]. - The main operating costs in 2018 were RMB 7,340,356, a 13.0% increase from RMB 6,493,218 in 2017, with the cost-to-revenue ratio decreasing to 69.3% from 70.2%[89]. - Research and development expenses rose to RMB 739,434 in 2018, a 30.3% increase from RMB 567,313 in 2017, accounting for 7.0% of total revenue[94]. - The company's revenue for 2018 reached RMB 10,585,013 thousand, reflecting a growth rate of 14.5% from RMB 9,243,684 thousand in 2017[86]. - The technology professional services segment's revenue grew by 16.7% to RMB 9,174,855 thousand, while service revenue increased by 18.5% to RMB 9,022,237 thousand[98]. Strategic Partnerships and Collaborations - Chinasoft International has strengthened its cloud service capabilities, becoming Huawei Cloud's first "Together" partner and receiving awards such as "Best Partner" and "AI Pioneer" from Huawei[5]. - The company has established strategic partnerships in AI with Huawei and Baidu, launching industry-specific AI solutions across sectors like banking and retail[7]. - The company signed strategic cooperation agreements for the "Cloud Gathering Service" with various local governments, enhancing its service recognition and application[6]. - The company entered Huawei's Supplier Development (SD) program, aiming to enhance software engineering capabilities and service quality for major clients like HSBC and Tencent[10]. - The company has established strategic partnerships with major firms like Huawei and Tencent, enhancing service quality and value[75]. Cloud and Digital Transformation - The company is committed to a digital transformation strategy, focusing on cloud services and renewing traditional IT business models[5]. - The cloud business experienced rapid growth, successfully migrating over 3,300 cloud hosts and nearly 1,000 databases, totaling approximately 3,500 TB of data in the Chinese market[9]. - The company aims to become a leading cloud management service provider, competing with Microsoft Azure and Huawei Cloud, by enhancing its cloud consulting, migration, implementation, operations, and training services[13]. - The company launched the "Cloud Gathering Service" for government software needs, with over 3,000 registered government units and a cumulative service project amount exceeding 100 million[6]. - The company is integrating its cloud service resources by establishing the Cloud & Intelligence Group (CIG) to enhance its cloud management services[5]. Innovation and Technology Development - The company has developed a strong project management capability and focuses on large clients in sectors like banking, high-tech, and the internet[20]. - The AI technology applications achieved breakthroughs, with multiple application scenarios implemented in finance and retail sectors[10]. - The company has developed two major software platform products, ResourceOne and TopLink/TSA+, which are fully owned intellectual property and serve as foundational platforms for industry solutions[21]. - The big data middleware product, Ark, is a one-stop big data scenario development platform that encapsulates mainstream big data technology frameworks, enabling enterprises to quickly create data processing workflows[21]. - The company has established a comprehensive enterprise-level data platform solution, including data architecture, data warehouse, and big data platform implementation[23]. Market Expansion and Client Base - The company has served clients in 32 countries and plans to expand its global presence, leveraging the "Belt and Road" initiative to enhance its digital transformation services[17]. - The company is focusing on large clients, aiming to provide quality and valuable services, with a goal to become a strategic partner of Huawei[11]. - The number of new client collaborations in the financial and banking sector exceeded 40, bringing the total to over 500 clients[58]. - The company has established a strong presence in the financial and banking sector, providing personalized financial services and achieving "three national firsts" in payment systems, including the first interbank payment network system in China[39]. - The company has expanded its outsourcing services to become the largest service provider for Hang Seng Bank, with significant project implementations across multiple regions[57]. Corporate Governance and Compliance - The company adopted various measures to maintain high standards of corporate governance, following the guidelines of the Corporate Governance Code as per the Listing Rules Appendix 14[102]. - The board consists of two executive directors and four non-executive directors, ensuring a diverse leadership structure[104]. - The company emphasizes the importance of independent non-executive directors in safeguarding shareholder interests, with ongoing confirmations of their independence[110]. - The company has implemented a director and officer liability insurance to cover any responsibilities incurred during their tenure[113]. - The company confirmed that there are no significant uncertainties affecting its ability to continue as a going concern[122]. Environmental and Social Responsibility - The company has implemented environmental protection policies and adheres to international and national environmental standards[149]. - The total greenhouse gas emissions increased from 17,413 tons CO2 equivalent in 2017 to 19,701 tons CO2 equivalent in 2018, reflecting a rise of approximately 13.1%[185]. - The company emphasizes green office initiatives and encourages employees to participate in environmental protection efforts[184]. - The company aims to balance corporate, employee, investor, and social values through its commitment to corporate social responsibility[183]. - The company has established a governance structure for environmental, social, and governance (ESG) responsibilities, with a dedicated working group reporting to the board[183]. Employee Development and Workforce - The workforce increased to 62,495 employees by the end of 2018, a growth of 23.0% from the previous year[82]. - The company organized a large-scale employee event across 19 cities, with over 5,000 employee representatives participating, aimed at enhancing employee cohesion and sense of belonging[195]. - The company introduced Stanford University's Design Thinking course to foster innovation, with one instructor for every 1,000 employees and one innovative idea for every 500 employees, significantly enhancing creative thinking across the organization[200]. - The company has established a systematic training system, focusing on new employee onboarding, skill enhancement for current employees, and key role development, supporting strategic goals such as efficiency improvement[198]. - The company emphasizes employee health and safety, implementing a "prevention first" principle and providing effective medical coverage, including regular health check-ups and supplementary commercial insurance for employees[197].