Customer Growth - As of December 31, 2022, the total number of cumulative customers exceeded 12,700, an increase of approximately 23.3% from over 10,300 as of December 31, 2021[2]. - The platform had approximately 12,700 customers, representing a 20.5% increase compared to December 31, 2021[9]. - As of December 31, 2022, the group had a total of 4,782 supply chain assets, a significant increase from 1,409 as of December 31, 2021[33]. Financial Performance - The total revenue and income from the main business increased by 39.1% to RMB 800.4 million for the year ended December 31, 2022, compared to RMB 575.3 million for the year ended December 31, 2021[2]. - Total revenue for the year ended December 31, 2022, was approximately RMB 800.4 million, representing a year-on-year increase of 39.1% from RMB 575.3 million in 2021[19]. - The net profit for 2022 was RMB 243.6 million, a decrease of RMB 177.9 million or 42.2% year-on-year[26]. - The company reported a net profit of RMB 243,608,000 for the year, down 42.2% from RMB 421,473,000 in 2021[84]. - The adjusted net profit for the year ended December 31, 2022, was RMB 249.6 million, an increase of 10.3% from RMB 226.2 million for the year ended December 31, 2021[3]. Revenue Breakdown - Technology-related revenue, including platform service income and supply chain technology service income, was RMB 103.3 million, a significant increase of approximately 105.8% from RMB 50.2 million for the year ended December 31, 2021[2]. - Revenue from platform services increased by 46.4% year-on-year to approximately RMB 71.0 million, driven primarily by the expansion of the platform's inclusive lending business[20]. - Revenue from supply chain technology services surged by 1832.7% year-on-year to approximately RMB 32.3 million, attributed to successful projects in smart construction and hospital solutions[21]. - Revenue from digital financial solutions grew by 45.3% year-on-year to approximately RMB 624.9 million, mainly due to increased average balances from the acquisition of Wuxi Guojin[22]. - Revenue from the sale of supply chain assets decreased by 24.0% year-on-year to approximately RMB 72.3 million, primarily due to reduced transfer yields and total amounts of sold assets[22]. Asset Management - The total amount of supply chain assets processed reached approximately RMB 159 billion, representing an increase of about 20.5% from approximately RMB 132 billion as of December 31, 2021[2]. - The supply chain asset balance (including self-funded loans and platform microfinance assets) was approximately RMB 11.93 billion, a year-on-year increase of 46.9%[9]. - Daily average supply chain asset balance was approximately RMB 8.8 billion, up 44.8% year-on-year[9]. - The total value of supply chain assets measured at fair value through other comprehensive income was RMB 84.22 billion, an increase of 26.1% year-on-year[32]. - The average daily balance of self-owned supply chain assets for 2022 was RMB 68.09 billion, up 52.9% from 2021[32]. Operational Efficiency - The operating cost-to-revenue ratio improved to 28.6% in 2022 from 39.8% in 2021, indicating enhanced operational efficiency[25]. - The company maintained a stable asset quality with a non-performing rate of 0%[9]. - The company aims to continue expanding its platform services and supply chain technology solutions to enhance revenue growth in the future[20][21]. Strategic Initiatives - The company is strategically positioned as a supply chain technology platform, aiming to drive digital transformation in traditional industries through technology[4]. - The business segments include digital financial solutions, platform services, supply chain technology services, and sales of supply chain assets, with a focus on expanding the supply chain ecosystem[4]. - The "dual engine + big platform" strategy is foundational for achieving higher efficiency and sustainable growth in the future[4]. - The company plans to leverage technology to empower digital finance and enhance the scale of its industrial internet business[4]. Funding and Investments - The group has committed approximately RMB 10.5 million in donations since 2014, impacting over 3,600 individuals through various charitable activities[15]. - The group aims to enhance its capital efficiency and reduce funding costs through partnerships with various financial institutions, reflecting recognition of its data-driven risk control capabilities[15]. - The group signed a loan agreement totaling USD 50 million with Orion Capital Asia for a three-year term[14]. - The cooperation limit with China Construction Bank Shenzhen Branch was increased from RMB 1 billion to RMB 2 billion in May 2022[14]. Employee and Governance - The group had a total of 377 employees, an increase from 347 employees as of December 31, 2021[59]. - Total employee costs for the year ended December 31, 2022, were approximately RMB 162.8 million, down from RMB 172.4 million for the year ended December 31, 2021[59]. - The company has complied with corporate governance codes since its listing on July 6, 2017, until December 31, 2022[78]. Regulatory and Compliance - The company has adopted the revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on the financial position or performance[95]. - The audit committee has reviewed the financial statements for the year, ensuring compliance with applicable accounting standards and regulations[82]. - The group has established a comprehensive internal control system for digital financial solutions, focusing on risk assessment and approval processes[38]. Market Position and Future Outlook - The company aims to become Asia's most trusted supply chain technology platform under the "Dual-Driven + Big Platform" strategy, focusing on technology capabilities and market expansion[57]. - The digital finance business maintained steady growth despite significant external challenges[44]. - The group is actively exploring opportunities in strategic industries such as new energy and new infrastructure[45].

Financial Performance - Net profit for the year reached RMB 421,473 thousand, a 25% increase compared to RMB 337,396 thousand in 2020[7]. - Revenue from platform services amounted to RMB 48,484 thousand, reflecting a 38% growth from RMB 35,034 thousand in the previous year[7]. - The company's main business revenue decreased by 9.3% year-on-year to RMB 575.3 million for the year ended December 31, 2021, down from RMB 634.1 million[42]. - Revenue from digital financial solutions decreased by 6.7% year-on-year to RMB 430.0 million, primarily due to a strategic shift towards platform services and lower interest rates to support SMEs[48]. - Revenue from the sale of supply chain assets decreased by 31.2% year-on-year to RMB 95.2 million, attributed to a reduction in interest yield and total assets sold[49]. - The group recorded other income of RMB 225.7 million in 2021, an increase of RMB 179.9 million or 393.1% year-on-year, primarily due to the gain from acquiring 40% equity in Wuxi Guojin amounting to RMB 204.8 million[50]. - Total operating expenses increased by 23.4% year-on-year to RMB 232.6 million, driven by an increase in employee costs of RMB 35.7 million and depreciation and amortization of RMB 5.2 million[52]. - Net profit for 2021 was RMB 421.5 million, representing a year-on-year growth of RMB 84.1 million or 24.9%[54]. User Growth and Platform Development - Total cumulative platform users exceeded 10,300, representing a 39% increase from 7,400 users as of December 31, 2020[7]. - The average daily platform inclusive matching balance increased to RMB 16.24 million, an 83% year-over-year growth[29]. - The company has developed its own fintech platform, "Shengyitong Cloud Platform," integrating various technologies to enhance risk management and customer experience[19]. - The company provides smart enterprise solutions and supply chain procurement systems to strengthen its position as a one-stop service platform in the supply chain ecosystem[22]. Strategic Partnerships and Collaborations - The company has established partnerships with 86 funding partners as of December 31, 2021, compared to 46 partners in the previous year, indicating strong growth in collaboration[7]. - The company has secured a national-level project for smart construction sites, enhancing its technological capabilities in the industry[11]. - Strategic cooperation agreements have been signed with Wuxi Economic Development Zone to accelerate fintech research and development[14]. - The company has established strategic cooperation with Tencent Cloud in the "Smart Construction" field to accelerate the digital upgrade of the infrastructure industry[15]. - The group established a strategic partnership with Tencent Cloud to build a "Smart Construction + Digital Supply Chain" platform[35]. Investment and Financial Strategy - The company plans to utilize the proceeds of HKD 550.8 million from a rights issue for technology investment and business expansion[14]. - The group secured RMB 525 million in offshore syndicated loans based on accounts receivable supply chain assets in Q1 2021[29]. - The group completed a placement of HKD 550.8 million in October 2021, bringing in Wuxi Transportation Group as a strategic shareholder[29]. - The company has pledged bank deposits of RMB 429.3 million and various supply chain assets with a total book value of RMB 2,160.8 million to secure financing as of December 31, 2021[74]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules for the fiscal year ending December 31, 2021[105]. - The board consists of two executive directors, one non-executive director, and four independent non-executive directors as of December 31, 2021[109]. - The company aims to maintain a high standard of corporate governance to enhance shareholder confidence[105]. - The company has established a risk management committee to ensure compliance with legal and regulatory requirements[108]. - The company has established procedures for handling and disseminating inside information, complying with the listing rules[160]. Employee and Management Development - As of December 31, 2021, the group had a total of 347 employees, an increase from 287 employees as of December 31, 2020[79]. - Total employee costs for the year ended December 31, 2021, were approximately RMB 172.4 million, up from RMB 123.4 million for the year ended December 31, 2020[79]. - The group has implemented a comprehensive incentive plan to reward existing senior management and retain new senior management[79]. - The group is committed to improving and optimizing its compensation and benefits policies to maintain competitiveness in the market[79]. ESG and Social Responsibility - The company has received an ESG rating of "A" from MSCI, ranking among the top in the fintech sector[16]. - The company has integrated ESG themes into its strategic and business focus, reflecting its commitment to social responsibility and sustainable development[16]. - Charitable donations for the year amounted to RMB 3.3 million, an increase from RMB 1.1 million in 2020[186]. Market Position and Future Outlook - The company aims to become the most trusted supply chain technology platform in the Asia-Pacific region through technological leadership and platform development[16]. - The group aims to expand into the industrial technology sector, evidenced by winning the smart construction project for Shenzhen Pengcheng Laboratory[28]. - The group aims to become the most trusted supply chain technology platform in the Asia-Pacific region, focusing on digital finance and industrial technology as growth engines[59].