尊敬的神州控股的股东朋友们： 大家好！ 2023年，我们共同走过一段艰辛的历程。疫情之后的世界，仍在缓慢的恢复中，而战争和逆全球化的潮 流使得国际国内的经济环境受到了更大的冲击。同时，我们自身也在经受考验，神州控股的一些历史投 资资产，随着时间的推移和环境的影响，部分出现了减值。上述情况我们已在业绩发布前就通过《盈利 警告》向大家进行了充分说明。所以，这一次我们更要特别感谢大家对我们的信任和支持，和我们一起 并肩战斗。我们要再次向大家表示，虽然我们在去年进行了减值拨备，但这对公司的主营业务经营状况 和现金流并不构成影响，公司仍然安排了现金分红，并且每年坚持以净利润的1/3以上派息回馈股东， 2023年度的分红总金额将超过1亿元，我们要始终将共建共享的原则落到实处。 朋友们，我们正在经历的是一场前所未有的时代变革，人工智能的影响正在快速席卷地球的每一个角 落。面对这样的时代浪潮，我们的内心充满创业的兴奋与激情。所以，这次我们也想着重和大家分享一 下我们对人工智能的理解以及未来的工作方向，让大家共同感受这个时代所带给我们的机遇和梦想。 数据与场景 人工智能技术在2023年产生了跨越式的发展，从底层技术的不断升级到 ...

Financial Performance - The company's total revenue for the year ended December 31, 2023, was RMB 18,276,547, representing a year-on-year increase of 2.97% compared to RMB 17,749,982 in 2022[2]. - Revenue from the big data products and solutions segment grew significantly by 30.07%, reaching RMB 3,171,898, up from RMB 2,438,536 in the previous year[2]. - The adjusted net profit attributable to the parent company was RMB 301,111, reflecting a 37.95% increase from RMB 218,271 in the previous year[2]. - The company reported a significant loss of RMB 1,701,471 for the year, compared to a profit of RMB 466,496 in the previous year, primarily due to impairment provisions related to non-core businesses[5]. - The company recorded a net loss attributable to the parent company of RMB 1.834 billion, primarily due to losses from joint ventures and impairment losses totaling approximately RMB 989 million and RMB 1.146 billion respectively[32]. - The group reported a pre-tax loss of RMB (1,833,689) thousand in 2023 compared to a profit of RMB 310,370 thousand in 2022[24]. - The company reported a loss before tax of RMB 1,639,194 thousand in 2023, compared to a profit of RMB 500,811 thousand in 2022, indicating a significant decline in profitability[13]. Cash Flow and Assets - Net cash generated from operating activities increased by 41.97%, amounting to RMB 746,141, compared to RMB 525,557 in the prior year[2]. - The company maintained a strong cash reserve, with cash and cash equivalents totaling RMB 2,883,308, up from RMB 2,522,006 in the previous year[6]. - Total assets decreased to RMB 13,752,110 from RMB 13,611,471, while total liabilities slightly decreased to RMB 9,180,834 from RMB 9,276,829[6]. - The net asset value decreased to RMB 10,366,005 thousand in 2023 from RMB 12,312,471 thousand in 2022, a decline of about 15.8%[8]. - The total amount of loans as of December 31, 2023, was approximately RMB 3.28 billion, with a debt-to-equity ratio of 0.52[50][51]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.06 per share, bringing the total dividend for the year to HKD 0.07 per share, an increase of HKD 0.02 from the previous year[2]. - The company declared an interim dividend of RMB 13,770 thousand for 2023, compared to RMB 60,644 thousand for the final dividend of 2022[22]. - The company plans to distribute a final dividend of HKD 0.06 per share, with total dividends for the year expected to exceed RMB 1 billion, accounting for 35% of the adjusted net profit attributable to the parent company[33]. Research and Development - Research and development costs increased to RMB 738,542 thousand in 2023 from RMB 665,110 thousand in 2022, reflecting a growth of about 11.0%[19]. - Research and development expenses for big data products and solutions were 486 million yuan, a year-on-year increase of 6%[35]. - The company has accumulated 2,787 intellectual property rights, an increase of 189 from the previous year[35]. Strategic Partnerships and Market Expansion - The company has established a strong partnership with NVIDIA, deploying AI computing centers and winning several large-scale project tenders worth over RMB 100 million[1]. - The company is focusing on expanding its big data and AI strategies, which have shown promising results in revenue growth[1]. - The company plans to continue expanding its market presence through new product development and strategic acquisitions in the upcoming fiscal year[12]. - The company is accelerating its global market layout, seeking new growth opportunities through digital transformation projects in overseas banks[41]. Operational Metrics - The company’s total operating revenue for 2023 was RMB 18.277 billion, representing a year-on-year growth of 3%[31]. - New signed projects amounted to RMB 15.872 billion, showing a year-on-year increase of 22%[31]. - The aging analysis of accounts payable showed an increase in amounts due within 30 days to RMB 2.007 billion in 2023 from RMB 1.542 billion in 2022[28]. Corporate Governance - The company has adhered to the corporate governance code, with some deviations explained regarding the roles of the chairman and CEO, and the appointment of directors[66]. - The company’s audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting and internal controls[60]. - The independent auditor confirmed that the financial figures in the performance announcement align with the audited consolidated financial statements for the year ended December 31, 2023[61]. Employee Metrics - The group had a total of 16,782 full-time employees as of December 31, 2023, compared to 15,166 employees as of December 31, 2022[56]. - The group’s employee costs for the year ended December 31, 2023, were approximately RMB 3.57 billion, reflecting an increase of 11.26% from RMB 3.21 billion for the year ended December 31, 2022[56].

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 6,677,315 thousand, a decrease of 7.9% compared to RMB 7,248,947 thousand for the same period in 2022[4] - Gross profit for the same period was RMB 1,109,105 thousand, down from RMB 1,287,287 thousand, reflecting a gross margin of approximately 16.6%[4] - Net profit for the period was RMB 80,675 thousand, a significant decline of 70.2% compared to RMB 271,133 thousand in the prior year[4] - Basic earnings per share decreased to RMB 0.0270 from RMB 0.1258, indicating a drop of 78.6% year-over-year[4] - Total comprehensive income for the period was RMB 62,627 thousand, down from RMB 212,852 thousand, representing a decline of 70.7%[5] - The company reported a loss from associates and joint ventures of RMB 192,155 thousand, compared to a loss of RMB 18,995 thousand in the previous year[4] - The financing costs for the period were RMB 59,413 thousand, slightly up from RMB 58,732 thousand in the prior year[4] - The company experienced a foreign exchange loss of RMB 25,611 thousand related to the translation of overseas financial statements[5] Assets and Liabilities - As of June 30, 2023, total non-current assets amounted to RMB 11,032,861 thousand, a slight decrease from RMB 11,156,290 thousand as of December 31, 2022[6] - The company's cash and cash equivalents decreased significantly to RMB 1,672,651 thousand from RMB 2,522,006 thousand, representing a decline of approximately 33.7%[6] - Current liabilities decreased to RMB 8,180,379 thousand from RMB 9,276,829 thousand, indicating a reduction of about 11.8%[7] - The net asset value stood at RMB 12,283,973 thousand, a marginal decrease from RMB 12,312,471 thousand[8] - The company's inventory increased to RMB 1,273,031 thousand from RMB 1,183,260 thousand, reflecting an increase of approximately 7.6%[6] - The total liabilities decreased to RMB 3,341,495 thousand from RMB 3,178,461 thousand, indicating a reduction of approximately 5.1%[7] Cash Flow - For the six months ended June 30, 2023, the net cash used in operating activities was RMB (750,728) thousand, compared to RMB (438,368) thousand for the same period in 2022[12] - The net cash generated from investing activities was RMB 331,900 thousand for the six months ended June 30, 2023, compared to RMB 139,441 thousand in the prior year[12] - The net cash used in financing activities amounted to RMB (435,306) thousand for the six months ended June 30, 2023, compared to RMB (129,077) thousand in the same period of 2022[12] Revenue Segments - The revenue from software development and technical services was RMB 2,500,584,000, an increase of 15.9% from RMB 2,156,607,000 in the previous year[22] - The big data products and solutions segment reported a profit of RMB 214,929,000, representing a growth of 24% compared to the previous period[18] - The revenue from supply chain operations was RMB 1,070,147,000, a decrease of 10.6% from RMB 1,197,501,000 in the previous year[22] - The total contract revenue from customers was RMB 6,509,790,000, a decrease of 7.9% from RMB 7,070,153,000 in the previous year[23] Research and Development - Research and development costs for the period were RMB 289,782,000, compared to RMB 272,829,000 in the previous year, reflecting a year-on-year increase of approximately 6.2%[25] - The company incurred research and development costs and intangible asset purchases totaling RMB 193,032,000 in the big data products and solutions segment[18] Shareholder Information - The company declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 16,736,000, which was announced after the reporting period[30] - The total number of shares held by the directors and CEO amounts to 333,498,538, representing approximately 19.93% of the total equity[66] - The company has granted stock options to various executives, with a total of 54,000,000 options granted to Mr. Guo Wei, which remain unexercised as of June 30, 2023[70] Corporate Governance - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2023, with no objections to the accounting treatments adopted[83] - The company has complied with the corporate governance code, with some deviations justified by the board[84] - The board believes that the current arrangements for non-executive and independent non-executive directors are effective and have been in place for many years[85] Future Outlook - The management indicated a focus on improving operational efficiency and exploring new market opportunities to drive future growth[5] - The company plans to leverage its "City CTO" and "Enterprise CSO" models to enhance digital transformation solutions across over 300 cities in China[54] - The company is actively planning to divest assets valued at approximately RMB 970 million into a new corporate entity to facilitate asset disposal[55]

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 6,677,315 thousand, a decrease of 7.89% compared to RMB 7,248,947 thousand in the same period of 2022[3] - Core profit attributable to shareholders of the parent company rose by 11.18% to RMB 232,510 thousand, compared to RMB 209,129 thousand in the previous year[3] - The total comprehensive income for the period was RMB 62,627 thousand, a decrease from RMB 212,852 thousand in the same period last year[6] - The operating profit for the period was RMB 167,709,000, down from RMB 353,414,000 in the previous year, reflecting a decline of 52.6%[12] - The pre-tax profit for the six months ended June 30, 2023, was RMB 108,296,000, a decrease of 63.3% from RMB 294,682,000 in the same period of 2022[12] - The company generated RMB 6,509,790,000 in contract revenue from customers, down from RMB 7,070,153,000 in the previous year, indicating a decline of 7.9%[15] - The total signed contracts reached 5.403 billion yuan, marking a 36% year-on-year increase, while the unrecognized signed contracts amounted to 7.695 billion yuan, up 26% year-on-year, indicating strong future revenue potential[37] Revenue Segments - Revenue from big data products and solutions increased by 12.31% to RMB 1,109,908 thousand, up from RMB 988,279 thousand year-on-year[3] - The revenue from software development and technical services was RMB 2,500,584,000, an increase of 15.9% compared to RMB 2,156,607,000 in the previous year[14] - The big data products and solutions segment reported a profit of RMB 214,929,000 after deducting R&D costs and intangible asset amortization, representing a growth of 24% year-on-year[13] - The gross profit for the big data products and solutions segment was RMB 385,220,000, compared to RMB 374,488,000 in the same period last year, showing a slight increase[12] Earnings and Dividends - Basic earnings per share for the period were RMB 0.0270, down from RMB 0.1258 in the previous year[4] - The company declared an interim dividend of HKD 0.01 per share, payable on October 16, 2023[3] - The basic earnings per share for the six months ended June 30, 2023, was RMB 40,355,000, compared to RMB 190,134,000 for the same period in 2022, showing a decrease of about 79%[23] Assets and Liabilities - Non-current assets as of June 30, 2023, totaled RMB 11,032,861 thousand, slightly down from RMB 11,156,290 thousand as of December 31, 2022[7] - Current liabilities decreased to RMB 8,180,379 thousand from RMB 9,276,829 thousand at the end of the previous year[8] - Total equity as of June 30, 2023, was RMB 12,283,973 thousand, a slight decrease from RMB 12,312,471 thousand at the end of 2022[9] - The total assets of the company as of June 30, 2023, were approximately RMB 23.806 billion, with total liabilities of approximately RMB 11.522 billion and equity attributable to shareholders of approximately RMB 8.265 billion[41] Research and Development - Research and development expenses rose to RMB 289,782,000, up from RMB 272,829,000, representing an increase of about 6%[17] - Research and development expenses for big data products and solutions amounted to RMB 193 million, a year-on-year increase of 8%, with a compound annual growth rate of 17% over the past three years[31] Employee and Operational Metrics - The group employed 16,033 full-time employees as of June 30, 2023, an increase of 9.83% from 14,596 employees a year earlier[47] - Employee costs for the six months ending June 30, 2023, were approximately RMB 1.52 billion, a 7.78% increase from RMB 1.41 billion for the same period in 2022[47] Financial Management - The company reported interest income of RMB 6,969,000, an increase from RMB 4,377,000 in the previous year[16] - The company incurred financing costs of RMB 59,413,000, which is a marginal increase from RMB 58,732,000 in the previous year[12] - The interest expense on bank loans and other loans increased to RMB 27,997,000 from RMB 23,337,000, reflecting an increase of approximately 20%[17] Corporate Governance - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2023, with no objections to the accounting treatments adopted[52] - The group has maintained compliance with corporate governance codes, with some deviations explained regarding the roles of the chairman and CEO[53] - The company has adopted the "Standard Code" for securities trading by directors, confirming compliance throughout the reporting period[55] Strategic Initiatives - The company actively participates in digital transformation projects, including a contract for the smart water project in Changchun City worth over RMB 250 million[33] - The company is focused on enhancing its data-driven integrated supply chain platform and plans to collaborate with more partners to support the digital transformation of traditional enterprises[34] - The company aims to eliminate information silos in the manufacturing sector by entering the industrial manufacturing OT field, enhancing smart upgrades of production lines[39] Future Outlook - The company plans to leverage knowledge graphs and digital twin technologies to provide comprehensive solutions for data assetization across industries, aiming to become a key partner in digital transformation[39] - The group plans to utilize the remaining unutilized proceeds for investments in healthcare big data or other potential investments and acquisitions by June 30, 2024[51]

Financial Performance - Total revenue for the fiscal year 2022 was RMB 17,750 million, representing a year-on-year increase of 3.77% compared to RMB 17,105 million in 2021[46]. - Revenue from big data products and solutions reached RMB 2,439 million, a significant increase of 25.89% from RMB 1,937 million in the previous year[46]. - Gross profit for the fiscal year 2022 was RMB 955 million, up 37.76% from RMB 693 million in 2021, with a gross margin of 39.14%[46]. - Cash flow from operating activities was RMB 526 million, reflecting a 16.04% increase from RMB 453 million in the previous year[46]. - The company's total revenue for 2022 was RMB 17.75 billion, representing a year-on-year growth of 4%[69]. - Revenue from big data products and solutions reached RMB 2.44 billion, showing a significant year-on-year increase of 26%[69]. - The company has a backlog of signed but unfulfilled orders amounting to RMB 6.56 billion, which is a 5% increase compared to the previous year[69]. - The gross profit from big data products and solutions reached RMB 955 million, accounting for 32% of total gross profit, an increase from 22% in the previous year[78]. Strategic Focus and Innovation - The company is focusing on becoming a leading big data technology company, leveraging core technologies in spatial-temporal big data and artificial intelligence[44]. - The company has developed innovative software products such as the Yan Yun DaaS and a unique urban knowledge graph platform, aimed at enhancing data assetization across industries[44]. - Strategic partnerships and projects have been established, including collaborations with financial institutions and government agencies to enhance digital solutions in various sectors[48]. - The company aims to enhance its core competitiveness through increased investment in technology research and development, focusing on intelligent innovation products[68]. - The company plans to expand its ecological layout by integrating upstream and downstream resources to foster innovation and development[69]. - The company is actively participating in the construction of national digital infrastructure and expanding its business in overseas markets, including Southeast Asia and Eastern Europe[68]. - The company has established a Future City Research Institute to innovate in urban data solutions and knowledge graph products[60]. - The company has launched new software products including a city knowledge graph platform and a low-code visual platform, enhancing its product architecture and flexibility[73]. Awards and Recognition - Shenzhou Holdings ranked 8th in the 2021 China Xinchuang Enterprise Top 30 on April 15, 2022[51]. - Shenzhou Holdings was selected as the 2nd in the 2022 China New Technology Top 100 Digital Economy category on September 20, 2022[52]. - Shenzhou Holdings' software subsidiary ranked 9th in the Beijing Technology Innovation Top 100 on September 26, 2022[53]. - Shenzhou Holdings received the 2022 Digital Economy Annual Leading Enterprise award on December 18, 2022[56]. - Shenzhou Holdings ranked 7th in the 2022 Digital Transformation Leading Enterprises Top 100 on December 20, 2022[56]. - The company has received multiple awards, including the 2022 Digital Economy Leading Enterprise and the 2022 Big Data Annual Enterprise Gold Award[70]. - The big data business achieved a continuous growth of 26% in 2022, ranking first in the "Top 50 Digital Twin Solution Providers" and awarded "2022 Leading Enterprise in Digital Economy"[158]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance transparency and accountability to shareholders[113]. - The board strictly adheres to governance laws and regulations applicable to its operating jurisdictions, ensuring compliance with regulatory guidelines[113]. - The company has maintained compliance with the corporate governance code, with deviations justified by the dual role of the Chairman and CEO, Mr. Guo Wei, since June 8, 2018[114]. - The board consists of nine members, including two executive directors, two non-executive directors, and five independent non-executive directors, with no significant relationships among them[117]. - The company has adopted a nomination policy to ensure continuity and appropriate leadership within the board[129]. - The Audit Committee consists of three independent non-executive directors, with Mr. Huang Wenzong serving as the chairman, ensuring oversight of financial reporting and risk management[124]. Risk Management - The company emphasizes the importance of effective risk management and internal control systems to achieve strategic objectives and safeguard shareholder assets[140]. - The top three significant risks identified for 2022 are competition risk, price risk, and reliance on major customers[146]. - Competition risk remains the primary risk, with price risk rising to the second position, and reliance on major customers dropping to third[146]. - The company has implemented control measures to address competition risk, including targeted market research and enhancing customer understanding[147]. - The audit committee believes that the group's risk management and internal control systems are effective and adequate for the fiscal year 2022[142]. Employee and Talent Management - The group has 15,166 full-time employees as of December 31, 2022, compared to 14,744 employees as of December 31, 2021[94]. - Employee costs for the year ended December 31, 2022, amounted to approximately RMB 3.207 billion, a 7.75% increase from RMB 2.977 billion for the year ended December 31, 2021[94]. - The overall employee turnover rate for 2022 was 26.13%, a decrease from 30.22% in 2021, indicating improved talent stability[200]. - The company has established an effective compensation and performance incentive system, combining base salary and performance bonuses to enhance employee cohesion and attract talent[194]. - Digital China strictly adheres to national labor laws and international labor organization principles, ensuring fair treatment of all employees regardless of age, gender, health, marital status, family situation, race, color, or nationality[193]. Environmental, Social, and Governance (ESG) - The company aims to integrate environmental, social, and governance (ESG) considerations into its business operations and management as part of its development strategy[162]. - The company is committed to becoming a leader in ESG practices by leveraging its innovative big data integration technology[162]. - The company is dedicated to reducing carbon emissions and improving energy usage in response to climate change challenges[172]. - The company has achieved multiple certifications, including ISO14001 and ISO5001, demonstrating its commitment to environmental management and energy efficiency[172]. - The company plans to incorporate "carbon neutrality risk" and "extreme weather operational risk" into its existing risk management framework in 2023[173].

Revenue and Financial Performance - Revenue for 2022 reached RMB 17,749,982 thousand, a 3.77% increase compared to RMB 17,104,557 thousand in 2021[2] - Total revenue for the year reached 17,749,982 thousand RMB, compared to 17,104,557 thousand RMB in the previous year[16] - Total revenue for 2022 reached RMB 17.75 billion, a 4% year-over-year increase[28] - Total revenue from contracts with customers reached RMB 17,385,740 thousand in 2022, up from RMB 16,746,983 thousand in 2021[14] - Revenue recognized at a point in time was 9,270,668 thousand RMB, while revenue recognized over time was 8,115,072 thousand RMB[17] - Net profit attributable to shareholders of the parent company was RMB 310,370 thousand, a significant decrease from RMB 592,364 thousand in 2021[3] - Total comprehensive income for the year was RMB 371,955 thousand, down from RMB 955,484 thousand in 2021[5] - Profit before tax decreased to 71,638 thousand RMB from 85,819 thousand RMB in the previous year[19] - Net profit attributable to parent company shareholders for basic EPS calculation was 310,370 thousand RMB, down from 592,364 thousand RMB in the previous year[23] - Basic earnings per share were calculated based on a weighted average of 1,506,786,693 shares, down from 1,533,843,722 shares in the previous year[22] Big Data Products and Solutions - Big data products and solutions segment revenue grew by 25.89% to RMB 2,438,536 thousand in 2022, up from RMB 1,937,068 thousand in 2021[2] - Gross profit for the big data segment increased by 37.76% to RMB 954,540 thousand, with a gross margin of 39.14%, up 3.37 percentage points from 35.77% in 2021[2] - The Big Data Products and Solutions segment generated revenue of RMB 2,438,536 thousand in 2022, up from RMB 1,937,068 thousand in 2021[13] - Big data products and solutions revenue grew 26% year-over-year to RMB 2.439 billion in 2022[28] - Gross profit for big data products and solutions increased 38% year-over-year to RMB 955 million in 2022, with a gross margin of 39%[31] - R&D expenses for big data products and solutions increased 11% year-over-year to RMB 457 million in 2022[31] - Net profit for big data products and solutions after R&D expenses grew 40% year-over-year to RMB 489 million in 2022[31] - The company's big data products achieved a gross margin of 90%, a 7 percentage point increase year-over-year[31] - The company's big data products and solutions revenue reached RMB 2.439 billion, accounting for 14% of total revenue, up from 11% last year[35] - Big data products and solutions gross profit was RMB 955 million, representing 32% of total gross profit, an increase from 22% last year[35] Software and Operations Services - The Software and Operations Services segment reported revenue of RMB 5,545,843 thousand in 2022, compared to RMB 5,439,234 thousand in 2021[13] - Software and operation services revenue was RMB 5.546 billion, accounting for 31% of total revenue[35] - Revenue from software development and technical services increased to RMB 5,540,698 thousand in 2022, compared to RMB 4,878,652 thousand in 2021[14] - Revenue from software product sales decreased to RMB 174,764 thousand in 2022, down from RMB 306,836 thousand in 2021[14] Xinchuan and Traditional Services - The Xinchuan and Traditional Services segment achieved revenue of RMB 9,765,603 thousand in 2022, slightly higher than RMB 9,728,255 thousand in 2021[13] Supply Chain Operations - Revenue from supply chain operations rose to RMB 2,574,374 thousand in 2022, up from RMB 2,286,014 thousand in 2021[14] - The company's supply chain solutions, powered by the KingKoo Data system, have supported major clients during high-demand periods like "618" and "Double 11" shopping festivals[33] Financial Position and Assets - Investment properties increased to RMB 4,975,169 thousand in 2022, up from RMB 4,822,350 thousand in 2021[6] - Cash and cash equivalents stood at RMB 2,522,006 thousand as of December 31, 2022, compared to RMB 2,295,103 thousand in 2021[6] - Total assets less current liabilities amounted to RMB 15,490,932 thousand in 2022, slightly higher than RMB 15,448,239 thousand in 2021[6] - Non-current liabilities increased to RMB 3,178,461 thousand in 2022, up from RMB 3,163,994 thousand in 2021[7] - Total equity rose to RMB 12,312,471 thousand in 2022, compared to RMB 12,284,245 thousand in 2021[7] - Accounts receivable and notes receivable totaled RMB 3,864,861 thousand in 2022, an increase of 17% compared to RMB 3,301,781 thousand in 2021[24] - Accounts receivable and notes receivable within 30 days increased to RMB 2,090,733 thousand in 2022 from RMB 1,706,232 thousand in 2021, a 22.5% increase[25] - Accounts payable and notes payable decreased to RMB 3,490,296 thousand in 2022 from RMB 3,601,632 thousand in 2021, a 3.1% decrease[26] - The company's total assets as of December 31, 2022, were approximately RMB 24.768 billion, with total liabilities of RMB 12.455 billion and equity attributable to parent company shareholders of RMB 8.362 billion[45] - The company's cash and bank balances as of December 31, 2022, were approximately RMB 2.522 billion, with RMB 2.433 billion denominated in RMB[45] - The company's total bank loans as of December 31, 2022, were approximately RMB 3.616 billion, with RMB 1.886 billion in fixed-rate loans and RMB 1.930 billion in floating-rate loans[47][48] - The company's available bank credit facilities as of December 31, 2022, were approximately RMB 12.167 billion, including RMB 2.007 billion in long-term loan facilities and RMB 5.715 billion in trade credit facilities[48] - The company's capital expenditures for the year ended December 31, 2022, were approximately RMB 94 million, primarily used for property, plant, and equipment and other intangible assets[45] - The company's current ratio as of December 31, 2022, was 1.47, compared to 1.46 as of December 31, 2021[45] - The company's total loans to equity ratio as of December 31, 2022, was 0.43, compared to 0.39 as of December 31, 2021[46] - The company's financial products' remaining related assets involve approximately RMB 1.439 billion, with RMB 413 million in asset management rights confirmed by the judiciary, providing a legal basis for accelerated asset realization[44] Dividends and Shareholder Returns - The company proposed a final dividend of 2.3 HK cents per share for 2022, bringing the total dividend for the year to 6.8 HK cents per share[2] - The dividend payout ratio decreased to 31.80% in 2022 from 34.85% in 2021[2] - Dividends paid during the year amounted to 199,239 thousand RMB, up from 152,474 thousand RMB in the previous year[21] - The company proposed a final dividend of 4.5 HK cents per ordinary share for the year ended December 31, 2022, totaling approximately HKD 75,312,000[57] Taxation and Government Subsidies - Corporate income tax expense in Mainland China was 59,392 thousand RMB, down from 64,091 thousand RMB in the previous year[20] - Government subsidies increased to 103,578 thousand RMB from 97,448 thousand RMB in the previous year[18] Strategic Initiatives and Future Plans - The company plans to accelerate its big data technology strategy, focusing on spatiotemporal big data and AI to enhance core competitiveness[42] - The company plans to establish an innovative "City CTO" and "Enterprise CSO" dual-driven development model to accelerate the marketization of big data products and solutions, focusing on digital transformation for cities and enterprises[43] Employee and Human Resources - The company had 15,166 full-time employees as of December 31, 2022, an increase from 14,744 in the previous year[51] - Employee costs for the year ended December 31, 2022, were approximately RMB 3.207 billion, a 7.75% increase from RMB 2.977 billion in the previous year[51] Corporate Governance and Compliance - The company's Chairman, Mr. Guo Wei, has been serving as both Chairman and CEO since June 8, 2018, ensuring consistency in business strategy and management[60] - The company has not purchased, sold, or redeemed any of its listed securities during the year ended December 31, 2022[63] - The company maintains sufficient public float as required by the listing rules, as of December 31, 2022[63] - The company has adopted the Standard Code for Securities Transactions by Directors of Listed Issuers, and all directors confirmed compliance during the year[62] - The company has not entered into any written appointment letters with its non-executive or independent non-executive directors, but believes they fulfill their duties effectively under current arrangements[61] Market and Industry Trends - The global digital economy reached $38.1 trillion in 2021, with China's digital economy accounting for $7.1 trillion, ranking second globally[41] - China's data element industry market size was 81.5 billion yuan in 2021 and is expected to reach 174.9 billion yuan by 2025, with a CAGR of 26.26% from 2020 to 2025[41] Smart City and Financial Technology Solutions - The company's smart city solutions have been implemented in multiple cities, including Beijing, Guangzhou, Changchun, and Tangshan, covering areas such as water management, transportation, and education[33] - The company's financial technology solutions have been adopted by 29 financial institutions, including China Construction Bank and Bank of Beijing, for digital RMB infrastructure[34] - The company has signed contracts with 17 financial institutions, including Ningbo Bank and China CITIC Bank, for small and micro enterprise financial services[34] - The company's smart elderly care project in Tianjin's Nankai District won the "2022 IDC Asia Pacific Smart City (China) Award"[33] - The company's CIM platform for Changchun Jingyue District Government was recognized as one of the "2022 Top 10 Outstanding Cases of Digital Economy"[32] Information Technology Application Innovation - The company has served over 180 industry clients in the field of information technology application innovation, including major financial institutions such as China Bank, Industrial and Commercial Bank, and Postal Savings Bank[37] - The company has completed adaptation with over 20 mainstream domestic databases and achieved full-stack localization of basic software and hardware with partners like Huawei, Tencent, and Ali[37] - The company holds a cumulative total of 2,598 software copyrights and patents, representing a 16% year-over-year growth[38] - The company has served over 10 central ministries, 300 cities, and 1 million industry clients, including Fortune 500 companies and government clients[39] - The company has upstream resources from over 300 top domestic and international manufacturers and downstream partnerships with over 30,000 channel partners[39] Shareholder Meetings and Corporate Actions - The 2023 Annual General Meeting is scheduled to be held on June 28, 2023, as a physical meeting[58] - Share transfer registration will be suspended from June 22, 2023, to June 28, 2023, for the purpose of determining eligibility to attend and vote at the 2023 Annual General Meeting[59] Capital Raising and Utilization - The company raised approximately RMB 1.149 billion from a rights issue in September 2017, with RMB 912 million utilized as of December 31, 2022[52] - Unutilized proceeds from the rights issue amounted to RMB 237 million as of December 31, 2022, with plans to fully utilize them by December 31, 2023[53][54] Standards and Intellectual Property - The company has 64 approved standards and 47 standards under development, covering big data, digital twins, smart cities, and other fields[30] Smart Software Products - The company's smart software products, including the Smart Data Hub, Smart Data Platform, and Smart Data Twin, have been widely deployed across various industries and regions[32]

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 8,681,756, a slight increase from HKD 8,673,158 in the same period of 2021[5] - Gross profit for the same period was HKD 1,542,023, down from HKD 1,615,344, reflecting a decrease of approximately 4.5%[5] - Net profit attributable to shareholders for the period was HKD 316,133, compared to HKD 304,886 in the previous year, representing an increase of about 3.7%[5] - The total comprehensive income for the period was a loss of HKD 156,730 thousand, compared to the previous period's income[14] - The total comprehensive income for the period was HKD 482,228,000, with a profit of HKD 220,223,000 attributed to retained earnings[16] - The group's profit before tax for the six months ended June 30, 2022, was HKD 22,601,000, a significant increase from HKD 5,484,000 in the same period of 2021[34] - Basic earnings per share for the six months ended June 30, 2022, were HKD 0.146, slightly up from HKD 0.142 in 2021[37] Assets and Liabilities - Total assets as of June 30, 2022, were HKD 15,349,099, a decrease from HKD 15,919,783 at the end of the previous year[11] - Current liabilities amounted to HKD 10,478,793, down from HKD 10,902,167 at the end of the previous year[11] - As of June 30, 2022, the total non-current liabilities decreased to HKD 3,734,661 thousand from HKD 3,831,383 thousand as of December 31, 2021, representing a reduction of approximately 2.5%[13] - The net asset value as of June 30, 2022, was HKD 14,342,637 thousand, down from HKD 14,867,349 thousand at the end of 2021, indicating a decline of about 3.5%[13] - The company's total liabilities decreased by HKD 1,456,818,000 due to loan repayments[17] Cash Flow - Cash used in operating activities amounted to HKD 536,691,000, compared to HKD 576,620,000 in the previous year[17] - Net cash generated from investing activities was HKD 181,729,000, a significant increase from HKD 7,139,000 in the previous year[17] - The company reported a decrease in cash and cash equivalents of HKD 528,504,000, with cash and cash equivalents at the end of the period totaling HKD 2,189,611,000[17] - The company’s financing activities resulted in a net cash outflow of HKD 173,542,000, compared to an outflow of HKD 1,010,113,000 in the previous year[17] Revenue Segments - The Big Data Products and Solutions segment reported a profit of HKD 208,583,000, an increase of 85% compared to the previous period[25] - Software development and technical services revenue reached HKD 2,581,256, up from HKD 2,181,705 in the prior year[28] - The Supply Chain Operations business generated revenue of HKD 1,437,954, compared to HKD 1,142,926 in the previous year[28] - The System Integration business reported revenue of HKD 2,669,556, down from HKD 3,456,230 in the same period last year[28] - The e-commerce supply chain business generated revenue of HKD 1,605,286, an increase from HKD 1,433,404 in the previous year[28] Shareholder Information - The company declared a final dividend of HKD 217,569 thousand during the period, impacting the retained earnings[14] - The interim dividend declared for the six months ended June 30, 2022, is HKD 0.023 per share, compared to HKD 0.02 per share for the same period in 2021[93] - The total number of shares held by Guo Wei is 159,186,857, representing 21.02% of the total issued share capital[96] - The total number of shares held by Kosalaki Investments Limited is 100,778,857, representing 6.02% of the total equity[102] Employee and Management Compensation - Employee costs for the six months ended June 30, 2022, were approximately HKD 1.694 billion, representing a 13% increase from approximately HKD 1.504 billion for the same period in 2021[87] - The total compensation for key management personnel was HKD 32.817 million, an increase from HKD 23.222 million in the previous year[59] Corporate Governance - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2022, with no objections to the accounting treatments adopted[129] - The company has adopted the standard code for securities trading by directors and confirmed compliance during the reporting period[128] - The company deviated from certain corporate governance code provisions, including the dual role of the chairman and CEO held by Mr. Guo Wei since June 8, 2018[130] Future Plans and Strategies - The company plans to focus on market expansion and new product development in the upcoming quarters[12] - The company aims to achieve a big data industry scale exceeding RMB 3 trillion by 2025, with a compound annual growth rate of around 25%[77] - The company plans to enhance its product matrix and focus on core business to achieve higher quality growth and greater value for shareholders[78]

Financial Performance - The total revenue for the fiscal year 2021 was HKD 20,539 million, representing a 3.6% increase from HKD 19,820 million in 2020[6]. - Revenue from big data products and solutions reached HKD 2,329 million, a significant growth of 20.3% compared to HKD 1,936 million in the previous year[6]. - The profit attributable to shareholders before share-based expenses was HKD 818 million, up 21.0% from HKD 676 million in 2020[6]. - The profit attributable to shareholders for the year was HKD 712 million, reflecting a 16.1% increase from HKD 613 million in the prior year[6]. - Earnings per share increased to HKD 46.4, a rise of 22.9% from HKD 37.7 in 2020[6]. - The total assets at the end of the fiscal year were HKD 29,601 million, a 5.6% increase from HKD 28,021 million in 2020[6]. - The return on equity was 16.5%, up from 14.2% in the previous year, indicating improved profitability[6]. - Gross profit amounted to HKD 3.765 billion, reflecting a 12% year-on-year growth[52]. - Profit attributable to shareholders was HKD 712 million, up 16% year-on-year, while adjusted profit reached HKD 818 million, a 21% increase[52]. Business Development and Strategy - The company secured multiple contracts in 2021, including the digital brain project for Changchun City and smart city projects in Xinjiang and Shanghai[12][13]. - Strategic partnerships were established with Tencent Cloud and JD Technology to enhance digital transformation and build a new digital industry ecosystem[19][20]. - The company achieved significant milestones in 2021, marking its 20th anniversary since listing, and is positioned as a leader in the big data technology sector[46]. - The company has developed three major product families: Smart Data Hub, Smart Data Platform, and Smart Data Twin, focusing on core application scenarios such as digital native cities and financial technology[48]. - The company is leveraging the digital economy's growth opportunities, as outlined in the "14th Five-Year Plan," which emphasizes the value of data as a new production factor[47]. - The company plans to implement equity incentives and dividends to share growth benefits with employees and shareholders, reinforcing its commitment to long-term strategic goals[50]. - The company aims to replicate its innovative solutions in more cities, driven by increasing governmental focus on smart environmental systems and digital twin technologies[48]. Awards and Recognition - The company ranked 7th in the 2021 annual list of top technology companies, highlighting its industry leadership[22]. - Shenzhou Holdings ranked 1st in the 2021 Digital Transformation Top 100 Enterprises[23]. - Shenzhou Holdings achieved a score of 92.84 in the 2021 Digital Transformation evaluation, placing 5th overall[37]. - Shenzhou Holdings was recognized as a leading enterprise in big data in 2021[39]. - The company was awarded the Best Solution Award for Carbon Neutral Smart City in 2021[39]. - The company received the Outstanding Enterprise Award in the Big Data field in 2021[40]. - The company has received multiple industry accolades, including being ranked 5th in the "2021 Top 100 Promoters of China's Digital Transformation"[52]. Research and Development - The company invested HKD 497 million in R&D, a 20% increase year-on-year, and acquired 403 new intellectual properties, totaling 2,249, a 22% increase[55]. - The company aims to enhance its big data service strategy and strengthen its R&D capabilities, focusing on three core product families[60]. - The company plans to accelerate the commercialization of big data products and solutions, aiming to empower various innovative scenarios in the digital economy[52]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance transparency, accountability, and corporate value for shareholders[85]. - The company strictly adheres to the governance laws and regulations of the jurisdictions in which it operates, as well as applicable guidelines and rules issued by regulatory authorities[85]. - The company has complied with the corporate governance code throughout the reporting period, with some deviations explained[86]. - The chairman and CEO roles are held by the same individual, which the board believes ensures consistency in business strategy development and execution[86]. - The audit committee, composed entirely of independent non-executive directors, is responsible for overseeing financial reporting, risk management, and internal controls[95]. Risk Management - The company emphasizes the importance of effective risk management and internal control systems to achieve strategic objectives[106]. - The group employs a three-line defense model for risk management, with operational management as the first line, risk management functions as the second line, and internal audit as the third line[108]. - In 2021, the top three identified risks were competition risk, reliance on major customers, and talent attrition risk, with the reliance on major customers moving from third to second place compared to 2020[111]. - The board believes that the risk management and internal control systems are effective and sufficient, complying with the Corporate Governance Code[114]. Sustainability and Social Responsibility - The company aims to become a leading big data service provider while adhering to ethical standards and sustainable development principles[121]. - The company integrated sustainability into its operational and risk management, focusing on creating long-term value for stakeholders[122]. - The company emphasizes sustainable development and has integrated social responsibility into its business operations, aiming to create long-term value for society and the environment[131]. - The company has been recognized for its ESG practices, winning several awards for its contributions to sustainable development and environmental protection[131]. - The company actively contributed to social sustainability by donating anti-epidemic materials during the Xi'an outbreak and supporting youth education initiatives[121]. Employee Development and Engagement - The company is committed to talent development through initiatives like "Partners," "Shenma Hui + Shenji Camp," and "Geek Competition + Campus Ambassadors" to foster a sustainable corporate culture[49]. - The company has established a performance-based compensation system combining base salary and performance bonuses to attract and retain talent[154]. - The employee training hours exceeded 190,000, with nearly 30,000 participants, resulting in an average training duration of 13.20 hours per employee, a significant increase from 10.32 hours in 2020[167]. - The company maintained its workforce during the pandemic without layoffs or salary reductions, enhancing employee cohesion[167]. Environmental Impact - The company aims to achieve "carbon peak and carbon neutrality" by reducing greenhouse gas emissions and increasing the use of renewable energy and low-carbon products[138]. - The company has implemented various energy-saving measures, including optimizing air conditioning and lighting systems to reduce energy consumption[139][140]. - The total greenhouse gas emissions amounted to 15,370.86 tons in 2021, up from 14,544.45 tons in 2020, indicating an increase of 5.68%[150]. - The company has implemented strict environmental management standards and achieved ISO 14001 certification for its environmental management system[134]. Customer Service and Satisfaction - The company has established a comprehensive customer service system, ensuring timely feedback and resolution of issues through multiple channels, enhancing customer satisfaction[192]. - In 2021, the number of customer complaints was approximately 20,000, accounting for 0.05% of total business transactions, indicating a slight decrease in complaint ratio despite an increase in complaint volume due to rapid business growth[191]. - The company has developed the Yanyun DaaS, a leading big data product that integrates various systems and data at minimal cost, currently applied in over 12 central ministries and 27 provinces, supporting the trillion-level big data industry ecosystem[194].

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 8,673,158, an increase of 3.9% compared to HKD 8,349,929 for the same period in 2020[7]. - Gross profit for the same period was HKD 1,615,344, representing a gross margin of 18.6%[7]. - Net profit for the period was HKD 304,886, a decrease of 11.6% from HKD 344,749 in the previous year[7]. - Basic earnings per share for the period was HKD 14.24, down from HKD 14.82 in the previous year[8]. - Total comprehensive income for the period was HKD 482,228, compared to HKD 120,552 in the same period last year[11]. - The company reported operating profit of HKD 371,167 for the period, compared to HKD 425,247 in the previous year, indicating a decrease of approximately 12.7%[23]. - The profit for the period was reported at HKD 220,223,000, contributing to a total comprehensive income of HKD 344,905,000 for the period[14]. - The company reported a foreign exchange gain of HKD 120,513,000 during the period, contributing positively to the overall financial performance[14]. Assets and Liabilities - Non-current assets as of June 30, 2021, totaled HKD 13,236,298, an increase from HKD 12,854,397 as of December 31, 2020[12]. - Current liabilities increased to HKD 9,775,292 from HKD 10,826,581 as of December 31, 2020[12]. - As of June 30, 2021, the net current assets amounted to HKD 4,227,561,000, a decrease from HKD 4,339,987,000 as of December 31, 2020, representing a decline of approximately 2.58%[13]. - Total assets less current liabilities increased to HKD 17,463,859,000 from HKD 17,194,384,000, reflecting a growth of about 1.56%[13]. - The company's net assets stood at HKD 13,979,616,000, up from HKD 13,764,632,000, indicating an increase of approximately 1.56%[13]. - The company's total liabilities, including accounts payable, amounted to HKD 4,038,731,000 as of June 30, 2021, compared to HKD 3,620,499,000 as of December 31, 2020, representing an increase of approximately 11.6%[43]. Cash Flow - The net cash used in operating activities was HKD (576,620,000), compared to HKD (346,757,000) in the previous year, indicating a decline in cash flow from operations[18]. - The company reported a decrease in cash and cash equivalents by HKD (1,579,594,000), ending the period with HKD 1,549,792,000[18]. - The net cash generated from investing activities was HKD 7,139,000, a significant decrease from HKD 1,096,452,000 in the previous year[18]. - The company experienced a decrease in inventory, which contributed positively to cash flow, while accounts receivable increased negatively[18]. Dividends - The company declared a final dividend of HKD 0.10 per ordinary share, totaling HKD 167,310,000 for the year ended December 31, 2020[15]. - The interim dividend declared for the six months ended June 30, 2021, is HKD 30,444,000, down from HKD 58,567,000 for the same period in 2020, representing a decrease of approximately 48%[36]. - The interim dividend declared for the six months ending June 30, 2021, is HKD 0.02 per share, compared to HKD 0.036 per share for the same period in 2020[76]. Market Strategy and Growth - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[6]. - The company has plans for strategic acquisitions to bolster its growth and market share[6]. - The "Smart Industry Chain" segment focuses on providing end-to-end supply chain services, leveraging big data and AI, which is expected to enhance operational efficiency[21]. - The "Investment" segment aims to improve core products and services through continuous innovation and capital operations, including mergers and acquisitions[22]. - The company has diversified into new verticals, including logistics and warehousing, to expand its one-stop service offerings[59]. Research and Development - Research and development costs for the six months were HKD 338,501, up from HKD 221,154 in the previous year, reflecting an increase of approximately 53.1%[33]. - The company's investment in R&D for core products is expected to yield long-term benefits, with early results already visible in the current reporting period[61]. Employee and Management - Employee costs for the six months ended June 30, 2021, amounted to approximately HKD 1.504 billion, representing a 39% increase from approximately HKD 1.082 billion in the same period last year[71]. - The total remuneration for key management personnel was HKD 23,222,000 for the six months ended June 30, 2021, compared to HKD 4,495,000 in the previous year, indicating a substantial increase of approximately 417.66%[53]. - The group has approximately 14,100 full-time employees as of June 30, 2021, compared to approximately 12,300 employees a year earlier[71]. Shareholder Information - The total number of shares held by major shareholders indicates a concentrated ownership structure within the company[82]. - The company’s major shareholder, Guo Wei, holds 95,328,707 personal shares and 145,175,857 shares through controlled entities[78]. - The company granted stock options totaling 81 million shares to Guo Wei on July 13, 2020, with an exercise price of HKD 6.60 per share[79]. Corporate Governance - The audit committee consists of three independent non-executive directors, including the chairman, and has reviewed the group's accounting principles and practices for the six months ended June 30, 2021[110]. - The company has adopted the standard code as its code of conduct for securities transactions by directors, and all directors confirmed compliance during the six months ended June 30, 2021[110]. - The company has complied with the corporate governance code except for certain deviations, which have been justified[110].

Financial Performance - Revenue for the fiscal year 2020 was HKD 19,820 million, an increase of 11.80% from HKD 17,727 million in 2019[7] - Profit before tax for 2020 was HKD 1,147 million, up 109.78% from HKD 547 million in 2019[7] - Net profit attributable to shareholders for 2020 was HKD 613 million, representing a growth of 103.08% compared to HKD 302 million in 2019[7] - Earnings per share for 2020 increased to HKD 37.74 from HKD 18.31 in 2019[7] - Operating cash flow for 2020 was HKD 1,146 million, a rise of 15.81% from HKD 989 million in 2019[7] - Total assets at the end of 2020 were HKD 28,021 million, compared to HKD 25,551 million in 2019[7] - The return on equity for 2020 was 6.50%, up from 3.38% in 2019[7] - In 2020, the company's total revenue was approximately HKD 19.82 billion, representing a year-on-year growth of 11.8%[39] - Shareholder profit attributable to the company was approximately HKD 613 million, a significant increase of 103.1% year-on-year[39] - The big data revenue reached approximately HKD 231 million, with a remarkable year-on-year growth of 124.5%[39] - The revenue from the urban big data segment was approximately HKD 477 million, reflecting a year-on-year increase of 46%[41] - The profit from the urban big data segment was approximately HKD 28.66 million, showing a substantial year-on-year growth of 149.4%[41] Strategic Initiatives - The company announced a strategic cooperation framework agreement with Changchun New Area Management Committee to promote information technology industry development[12] - The company launched the financial-grade distributed technology platform Sm@rtGalaxy 3.0, enhancing its capabilities in financial technology[11] - The company signed a strategic cooperation memorandum with LINE CLEAR to explore logistics and supply chain opportunities between China and Malaysia[15] - Shenzhou Holdings fully acquired Yunhe Network to enhance its financial front-end and mobile product layout, focusing on contactless financial services such as mobile banking and online banking[17] - Shenzhou Holdings' subsidiary, Shenzhou Information, launched the blockchain technology platform Sm@rtGAS, which won the 2020 Excellent Software Product Award and the Blockchain New Financial Product Innovation Award[18] - Shenzhou Holdings established a joint laboratory with Tianjin University to conduct in-depth research on smart cities, industrial internet, and blockchain applications[19] - Shenzhou Holdings signed a strategic cooperation agreement with the Beijing Financial Supervision Administration to establish a national-level financial security base in the Fangshan District[20] Awards and Recognition - In 2020, Shenzhou Holdings ranked 6th in the "Top 100 Big Data Providers" by the Chinese Academy of Sciences[24] - Shenzhou Holdings' subsidiary, Shenzhou Information, ranked 1st in four IT solution categories in the IDC 2019 Chinese Banking IT Solutions Market Share report, maintaining the top position for eight consecutive years[25] - Shenzhou Holdings was recognized as the "Best New Economy Company" at the 2019 Golden Hong Kong Stock Awards[23] - Shenzhou Holdings' subsidiary, KJ Logistics, won the "2020 National 5A Logistics Enterprise" qualification from the China Federation of Logistics and Purchasing[26] - Shenzhou Holdings was awarded the "2020 New Infrastructure Leading Enterprise" certificate by the Chinese Academy of Sciences and other organizations[26] - Shenzhou Holdings' subsidiary, Shenzhou Information, was listed as one of the "Top 50 Financial Technology Companies in China" by iResearch Consulting[27] Digital Transformation and Innovation - The digital transformation demand surged due to the pandemic, leading to a significant increase in the company's performance, particularly in e-commerce and online education sectors[32] - The company has been focusing on urban big data as a key area, leveraging over ten years of experience in smart city development to enhance urban governance and citizen services[33] - The company aims to build the largest socialized warehousing service ecosystem in China, providing integrated supply chain services through its proprietary logistics management system and data application platform[34] - The financial technology segment of the company is positioned as a leader in areas such as financial innovation and smart finance, utilizing big data resources and capabilities[35] - Continuous innovation is a core cultural value of the company, driving sustainable development and the creation of a broader innovation ecosystem across industries[36] - The company has established a comprehensive data source and application scenarios through its extensive industry experience, leading to rapid revenue growth[34] Corporate Governance - The company adheres to the highest standards of corporate governance, ensuring transparency and accountability to shareholders[82] - The board consists of nine members, including two executive directors, two non-executive directors, and five independent non-executive directors[86] - The chairman and CEO roles are held by the same individual, Mr. Guo Wei, since June 8, 2018, to ensure consistency in business strategy[88] - The company has not established a nomination committee, believing the board can fulfill its responsibilities effectively without one[83] - All independent non-executive directors have confirmed their independence annually, in compliance with listing rules[87] - The company complies with the corporate governance code, with minor deviations explained in the report[82] Employee Engagement and Development - As of December 31, 2020, the group employed approximately 14,000 full-time employees, an increase of 18.64% from approximately 11,800 employees as of December 31, 2019[62] - Employee costs for the year ended December 31, 2020, amounted to approximately HKD 2.792 billion, reflecting an 8.43% increase from HKD 2.575 billion for the year ended December 31, 2019[62] - The company has adopted a stock incentive plan to attract and retain talented employees based on individual performance and company goals[62] - The company has been focusing on the development of smart city projects and big data platforms, with significant involvement in investment projects related to smart city construction[70] - The company has established multiple joint ventures in the big data sector, enhancing its capabilities in data planning and implementation[70] Social Responsibility and Community Engagement - In 2020, the company provided approximately ¥30 million worth of free materials and digital services during the COVID-19 pandemic, which led to over ¥200 million in donations from ecosystem alliance members[31] - The company actively participated in pandemic relief efforts, providing financial support for post-epidemic recovery in Hubei and promoting youth education initiatives[111] - The company has established ten Shenzhou Hope Primary Schools across nine provinces, with cumulative donations exceeding RMB 3.7 million over 19 years[170] - The company donated RMB 1 million to support poverty alleviation efforts in Hubei province during the pandemic[167] - The company has actively participated in various social welfare activities, including donations to the Sun Village charity for children of incarcerated individuals[171] Environmental Sustainability - The company has implemented strict environmental management standards and obtained ISO 14001 certification, focusing on energy efficiency and reducing harmful emissions[187] - The company has adopted a paperless office policy to minimize paper usage and promote the use of renewable resources[196] - The company aims to achieve carbon peak and carbon neutrality as part of its sustainable development goals[199] - The company implemented measures to reduce carbon emissions, including the use of electric vehicles for logistics in urban areas[197] - The company has established a waste classification system to reduce environmental pollution[197]