证券研究报告 ＃industryId＃ 金融 ＃investSuggestion＃ ＃ ＃06608.HK ＃百dy融Com云pa-nWy＃ 增持 (维持 ） 获客活客效能释放，＃ti 坚tle＃ AI 定赋能金融数智化转型 ——2023 年年报业绩点评 ＃createTime1＃ 2024 年3月 27 日 投资要点 ＃市场ma数rk据etData＃ ＃summary＃ 百融云创发布2023年年度业绩。2023年公司累计实现营收26.81亿元/同比+30.5%，实现 日期 2024-3-26 归母净利润3.35亿元/同比+42.1%，经调整后净利润3.75亿元/同比+27.6%，收入符合前期 收盘价（港元） 11.84 预期，净利润增速放缓或受收购公司合计0.6亿元商誉减值以及创新业务投入力度加大影 总股本（亿股） 4.90 响，公司主营业务稳健，毛利率较去年同比提升0.8pct至72.9%。 自由流通股本（亿股） 2.48 1） 模型即服务-MaaS（营业收入8.91亿元/同比+17.3%/占比33.2%） 归母净资产（亿元） 44.39 核心客群留存率触达新高。截至2023年末，公司核心客户数量较去年同 ...

研究报告Research Report 27 Mar 2024 百融云 Bairong (6608 HK) 金融云业务快速增长，盈利能力持续释放 Financial Cloud Business Run Fast, Profitability Sustained Release [观Ta点ble聚_y焦em Ieniv1e]s tment Focus [Tab维le_持Info优] 于大市Maintain OUTPERFORM (Please see APPENDIX 1 for English summary) 金融云业务高速增长，盈利能力持续释放。2023 年，公司实现营 评级 优于大市OUTPERFORM 业收入约 26.81 亿元人民币，同比增长 31%；其中，MaaS 业务收 现价 HK$11.84 目标价 HK$20.82 入约为 8.91 亿元人民币，同比增长 17%，其核心客户数达到 213 家，同比增长14%；BaaS业务收入约17.90亿元人民币，同比增长 HTI ESG 4.0-4.0-4.0 38%。BaaS 的金融云收入约为 11.85亿元人民币，同比增长 59%， E-S-G: 0 ...

股 票 研 究 [Table_industryInfo] 综合金融 [ Table_Main[百I Tnaf 融bol]e 云_Ti -t Wle]（ 6608） [评Tab级le_：Inv est] 增持 当前价格（港元）： 14.28 双主业共推业绩高增，AI 浪潮下未来可期 2024.03.26 海 ——百融云2023 年年报点评 [ 交Ta易bl数e_M据a rket] 外 刘欣琦(分析师) 孙坤(分析师) 52周内股价区间（港元） 8.38-14.64 当前股本（百万股） 490 公 021-38676647 021-38038260 当前市值（百万港元） 6,998 司 liuxinqi@gtjas.com sunkun024098@gtjas.com 证书编号 S0880515050001 S0880523030001 （ [ Table_PicQuote] 中 本报告导读： 52周内股价走势图 国 公司业绩高增得益于BaaS业务资产交易规模提升和MaaS业务单客户收入提升，随 百融云-W 恒生指数 香 着AIGC加速推进，客户智能化需求提升，公司未来业绩可期。 42% 摘要： 港 30% [ ...

Financial Performance - The company's revenue for the year ended December 31, 2023, reached RMB 2,680.92 million, a 31% increase from RMB 2,054.18 million in 2022[2] - Gross profit reached RMB 1,954.53 million, maintaining a high gross margin of 73%[4] - Operating profit increased by 48% to RMB 346.77 million, with an operating profit margin of 13%[2] - Net profit for the year rose 46% to RMB 335.26 million, with a net profit margin of 13%[4] - Non-IFRS profit reached RMB 375.06 million, with a non-IFRS net profit margin of 14%[4] - The total revenue increased by 31% from RMB 2,054.18 million in 2022 to RMB 2,680.92 million in 2023, driven by industry growth and improved product and service capabilities[19] - The company's net profit for the year ended December 31, 2023, was RMB 335,259 thousand, an increase of 46.2% compared to RMB 229,305 thousand in 2022[54] Segment Performance - The Business as a Service (BaaS) segment generated revenue of RMB 1,789.67 million, up 38% year-over-year, driven by deepening customer collaborations and rapid transaction scale growth[3] - The BaaS segment's financial industry cloud contributed RMB 1,184.73 million, a 59% increase, while the insurance industry cloud contributed RMB 604.94 million, a 10% increase[2] - The Model as a Service (MaaS) segment saw revenue growth of 17% to RMB 891.25 million, attributed to an enriched product portfolio and expanded application scenarios[3] - MaaS revenue rose by 17% from RMB 759.61 million in 2022 to RMB 891.25 million in 2023, attributed to an increase in the number of core customers and average revenue per core customer[19] - BaaS revenue from the financial industry cloud surged by 59% from RMB 746.05 million in 2022 to RMB 1,184.73 million in 2023, primarily due to increased asset trading volume[19] Customer Metrics - The number of core customers grew by 14% to 213 in 2023, compared to 187 in 2022[10] - The average revenue per core customer rose by 3% to RMB 3.50 million in 2023, up from RMB 3.40 million in 2022[10] - The core customer retention rate improved to 99% in 2023, compared to 98% in 2022[10] Research and Development - The company has completed the full-stack construction of its large model technology, significantly reducing training and inference costs for generative models[7] - Research and development expenses rose by 2% from RMB 369.65 million in 2022 to RMB 378.79 million in 2023, mainly due to increased personnel costs for R&D staff[22] - The company has obtained 233 patents covering various fields including AI, machine learning, and human-machine collaboration as of December 31, 2023[7] Employee Metrics - The average revenue per employee increased to RMB 1.98 million, up from RMB 1.49 million, due to the integration of AI technologies[7] - The company's total employee compensation cost for the year ended December 31, 2023, was RMB 718.01 million, an increase from RMB 682.19 million in 2022[38] - The total number of employees as of December 31, 2023, was 1,354, with 46% in R&D[38] Financial Position - Cash and cash equivalents, along with time deposits, totaled RMB 3,301.84 million as of December 31, 2023, compared to RMB 3,010.86 million in 2022[33] - As of December 31, 2023, the company's bank loans amounted to approximately RMB 913.6 million, due within one year[32] - The debt-to-asset ratio as of December 31, 2023, was 0.19, slightly up from 0.18 in 2022[36] - The company's total assets decreased to RMB 4,471,977 thousand from RMB 4,355,890 thousand year-over-year, while total liabilities increased to RMB 1,033,792 thousand from RMB 911,383 thousand[57] Strategic Initiatives - The company aims to continue expanding its decision-making AI and generative AI applications to support digital transformation in vertical industries[1] - The company plans to continue investing in AI applications and expand its BaaS business across credit, wealth management, and insurance sectors[16] - The company aims to leverage emerging technologies like AIGC to enhance its service offerings and expand its global influence[16] - The company plans to continue utilizing the proceeds from the global offering for business expansion and increasing R&D investment[51] Shareholder Actions - The company repurchased a total of 20,732,500 Class B shares for a total amount of HKD 219.63 million during the reporting period[4] - The company did not recommend the payment of a final dividend for the year ended December 31, 2023[49] - The company did not engage in any significant acquisitions or disposals during the year ended December 31, 2023[35] Market and Economic Context - The domestic consumption scale reached a historical high of RMB 47.1 trillion in 2023, growing by 7.2% year-on-year[6] - The asset transaction scale increased by 93% year-on-year to RMB 53.13 billion, driven by expanding partnerships with institutional clients[12] - The company is actively involved in green finance projects, integrating environmental and social risk management into its credit management processes[8]

我是百融雲創投資者關係總監孫力勤感謝各位對百融的關注 公司已經於11月20日昨天發布了2023三季度營運摘要本次業績會我們將匯報和分享公司2023前三季度的經營成果並回答各位關注的問題此次業績會分三個部分第一部分為董事長致辭第二部分為管理層業績解讀最後是問答環節通過電話餐會的投資者和分析師老師如需提問 可以直接通过电话或网络参会文字形式提问或者是通过电话语音提问等业绩汇包含前瞻性陈述反映了公司对未来的当前信念和期望这些陈述包含预期相信打算估计期望等词和类似含义的词语等会议中所包含的历史事实陈述以外的所有陈述均为前瞻性陈述 這些潛在性陳述僅反映本文件日期時公司管理層的觀點並非未來業績的保證本公司集團成員或任何相關關聯方或其人和董事高級管理人員、員工顧問或代表均不承擔任何義務且明確否認有任何義務或承諾傳播任何更新或修訂的任何潛在性聲明 接下來我為大家介紹出席本次業績交流會的公司管理層他們分別是百榮雲創創始人董事會主席兼首席執行官張朝峰先生百榮雲創執行董事高級副總裁首席財務官Death保險行業員負責人鄭薇先生百榮雲創高級副總裁Death金融行業員負責人段寧先生 百榮雲創研發副總裁王勇先生百榮雲創執行董事資本市場和戰 ...

Financial Performance - The company's revenue for the six months ended June 30, 2023, reached RMB 1,243.03 million, a 32% increase from RMB 945.18 million in the same period of 2022[9]. - Gross profit for the period was RMB 896.03 million, maintaining a high gross margin of 72%[9]. - Operating profit surged by 130% to RMB 211.73 million, with an operating profit margin of 17%[9]. - Net profit for the period increased by 121% to RMB 206.81 million, achieving a net profit margin of 17%[9]. - Non-IFRS profit reached RMB 226.85 million, with a non-IFRS net profit margin of 18%[9]. - Total revenue for the company in the first half of 2023 was RMB 1.24 billion, up from RMB 945.18 million in the same period of 2022[29]. - Operating profit for the first half of 2023 was RMB 211.73 million, compared to RMB 92.01 million in the previous year[29]. - Net profit for the period rose from RMB 93.37 million to RMB 206.81 million[39]. - Basic earnings per share rose to RMB 0.43, up from RMB 0.21, reflecting a 104.8% increase[114]. Business Segments - The Business as a Service (BaaS) segment generated RMB 811.90 million, reflecting a 36% year-over-year growth, with the financial industry cloud contributing RMB 492.10 million (up 55%) and the insurance industry cloud contributing RMB 319.80 million (up 14%)[9]. - The Model as a Service (MaaS) segment reported revenue of RMB 431.13 million, a 24% increase compared to the previous year[9]. - The company's MaaS business recorded a revenue increase of 24% to RMB 431.13 million for the six months ended June 30, 2023, compared to RMB 346.99 million in the same period last year[17]. - BaaS financial industry cloud revenue for the six months ended June 30, 2023, was RMB 492.10 million, a year-on-year increase of 55%[21]. - Insurance industry cloud revenue increased by 14% year-on-year to RMB 319.80 million, with total premiums growing by 59% to RMB 1.60 billion[24]. Customer Metrics - The number of core customers reached 146, an increase of 11% from 132 at the end of the previous half-year, with an average revenue per core customer rising to RMB 2.43 million, up 11% from RMB 2.19 million[18]. - The core customer retention rate improved to 98%, up from 96% in the previous year[18]. Research and Development - Research and development expenses increased to RMB 202.07 million from RMB 159.95 million year-on-year[29]. - The company has filed a total of 209 patents and software copyrights as of June 30, 2023, covering areas such as machine learning and privacy computing[15]. - The newly established X Dynamics department aims to explore cutting-edge AI technology applications and drive innovation across the group[15]. Market Outlook - The generative AI market is projected to grow to USD 1 trillion by 2032, with a compound annual growth rate (CAGR) of 42% from USD 40 billion in 2022[15]. - The core market size of China's AIGC industry is expected to reach RMB 79 billion in 2023, growing to RMB 276.7 billion by 2028, with a CAGR of 103%[15]. Corporate Governance - The company has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee to oversee specific areas of its affairs[60]. - The Corporate Governance Committee confirmed that the company has implemented sufficient governance measures to manage potential conflicts of interest with different voting rights beneficiaries[65]. - The company has maintained effective communication with shareholders, particularly regarding compliance with listing rules[63]. - The Audit Committee reviewed the unaudited interim results for the six months ended June 30, 2023, and met with the independent auditor KPMG[61]. Share Structure and Incentives - The company operates under a dual-class share structure, with Class A shares having 10 votes per share and Class B shares having 1 vote per share, allowing significant voting control despite not holding the majority of economic interests[54]. - The company has three existing share plans: the 2019 Employee Share Scheme, the 2021 Employee Share Scheme, and the Share Award Scheme[80]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023[52]. Cash Flow and Financial Position - Cash and cash equivalents, along with time deposits, amounted to RMB 2,756.67 million as of June 30, 2023, down from RMB 3,010.86 million as of December 31, 2022[48]. - The company reported a net cash decrease of RMB (442,538) thousand in cash and cash equivalents for the first half of 2023, compared to a much larger decrease of RMB (2,208,261) thousand in the same period of 2022[128]. - The total amount utilized during the reporting period was RMB 350.44 million[102]. - The remaining unused proceeds as of June 30, 2023, stand at RMB 1,664.17 million[102]. Strategic Initiatives - The company plans to leverage AIGC opportunities to enhance customer trust and expand customized products and solutions[27]. - The company aims to explore new digital opportunities in wealth management and inclusive finance, focusing on small and micro-enterprise financing[27]. - The company has registered several global top-level domains and created an English website to enhance overseas business operations[106].

[515 -> 516] I don't know. [572 -> 599] 接下来我为大家隆重介绍新型百姓业绩交流会的公司管理局它们分别是百荣云创创始人董事会主席兼首席执行官张晓峰先生百荣云创高级副董事首席财务官在朝鲜行业领主责人邓根先生 [603 -> 630] 柏榮文創高級副總裁、大型金融行業研究責任、段明先生柏榮文創研發副總裁、董永先生柏榮文創執行董事、財務副總裁、趙正義先生柏榮文創聯席公司運輸、投資總監、 [641 -> 645] 各位介绍2023年上半年业余进展与战略工作 [694 -> 720] 比起其他科学设备,同时我们实际上还不比其他科学设备高于大量的科学设备的比例大一些。其中,这个设备是科学设备的一种,其二呢,就是大量的科学设备的比例。大量的科学设备,大量的科学设备的比例, [721 -> 732] 中国经济增长的高档人员很多,其实是民族人员。我们房地产人员都是家庭人,其他各种民族人员都是这样的。 [746 -> 773] 由法律國家合理批准和合理發展交易的報告把我們抓獲的AIG機制迅速破壞運動服務我們將用真誠的機制來核准各種AIG智能服務所以商務機構 新聞機構 傳媒管理機構以及我們大陸 ...

Financial Performance - For the six months ended June 30, 2023, the company's revenue reached RMB 1,243.03 million, a 32% increase compared to RMB 945.18 million for the same period in 2022[2]. - Non-International Financial Reporting Standards profit for the period was RMB 226.85 million, representing an 80% increase from RMB 125.91 million in the previous year[2]. - The company's gross profit was RMB 896.03 million, maintaining a gross profit margin of 72%[3]. - Operating profit doubled to RMB 211.73 million, a 130% increase year-on-year, with an operating profit margin of 17%[3]. - The company's net profit for the period increased by 121% to RMB 206.81 million, achieving a net profit margin of 17%[3]. - Total revenue increased by 32% from RMB 945.18 million for the six months ended June 30, 2022, to RMB 1,243.03 million for the six months ended June 30, 2023[19]. - Gross profit increased by 32% from RMB 677.58 million to RMB 896.03 million, maintaining a gross margin of 72%[21]. - Net profit for the period increased from RMB 93.37 million to RMB 206.81 million[26]. - Basic earnings per share for the six months ended June 30, 2023, were RMB 0.43, compared to RMB 0.21 for the same period in 2022[47]. - The company's net profit attributable to equity shareholders was RMB 205,251 thousand for the six months ended June 30, 2023, compared to RMB 98,925 thousand in the same period of 2022, representing a growth of 107%[64]. Business Segments - The BaaS business revenue grew by 36% to RMB 811.90 million, with the financial industry cloud contributing RMB 492.10 million (up 55%) and the insurance industry cloud contributing RMB 319.80 million (up 14%)[3]. - The company's MaaS business recorded revenue of RMB 431.13 million for the six months ended June 30, 2023, representing a year-on-year growth of 24%[8]. - MaaS revenue rose by 24% from RMB 346.99 million to RMB 431.13 million, driven by an increase in core customer numbers and average revenue per core customer[19]. - BaaS financial industry cloud revenue surged by 55% from RMB 316.86 million to RMB 492.10 million, attributed to increased asset transaction volumes[19]. - BaaS insurance industry cloud revenue grew by 14% from RMB 281.33 million to RMB 319.80 million, supported by a 59% increase in total premiums written[19]. Customer and Market Insights - The company has served over 7,000 commercial institutions, including all six major state-owned banks and over 1,000 regional banks[5]. - The number of core customers for the MaaS business increased to 146, up from 132, with an average revenue per core customer rising to RMB 2.43 million, an 11% increase year-on-year[9]. - The core customer retention rate for the MaaS business improved to 98%, up from 96%[9]. - The market for generative AI is projected to grow to USD 1 trillion by 2032, with a compound annual growth rate of 42%[5]. Research and Development - The company has obtained a total of 209 patents and software copyrights as of June 30, 2023, covering areas such as machine learning and privacy computing[7]. - The newly established X Dynamics department aims to explore opportunities in cutting-edge AI technology and enhance collaboration between AI Lab and business units[7]. - Research and development expenses rose by 26% from RMB 159.95 million to RMB 202.07 million, primarily due to increased personnel costs[22]. Operational Efficiency - The company has restructured its internal reporting to focus on two main business segments: MaaS and BaaS, enhancing clarity and operational efficiency[4]. - General and administrative expenses decreased by 6% from RMB 132.53 million to RMB 123.98 million, reflecting effective cost control[23]. - Sales and marketing expenses increased by 19% from RMB 388.44 million to RMB 460.68 million, driven by higher promotional and advertising costs[24]. - Other net income rose by 10% from RMB 95.36 million to RMB 105.01 million, influenced by increased government grants and interest income[25]. Financial Position - As of June 30, 2023, the company's bank loans amounted to approximately RMB 730 million, which are due within one year[31]. - The total cash and cash equivalents, along with time deposits, were RMB 2,756.67 million as of June 30, 2023, compared to RMB 3,010.86 million as of December 31, 2022[31]. - The company's debt-to-asset ratio was 0.16 as of June 30, 2023, a decrease from 0.18 on December 31, 2022[33]. - Total assets as of June 30, 2023, were RMB 4,429,948 thousand, compared to RMB 4,355,890 thousand as of December 31, 2022[51]. - Total liabilities decreased from RMB 911,383 thousand as of December 31, 2022, to RMB 828,141 thousand as of June 30, 2023[51]. Employee and Compensation - The total number of employees as of June 30, 2023, was 1,364, with 635 in R&D, 330 in sales and marketing, and 222 in general administration[35]. - The total salary cost for the six months ended June 30, 2023, was RMB 355.64 million, compared to RMB 334.57 million for the same period in 2022, reflecting an increase of 6.3%[35]. - Employee costs totaled RMB 355,642 thousand for the six months ended June 30, 2023, an increase of 6.4% from RMB 334,570 thousand in the same period of 2022[60]. Other Information - The company did not engage in any significant acquisitions or disposals during the six months ended June 30, 2023[32]. - The company did not recommend an interim dividend for the six months ended June 30, 2023[44]. - The company did not engage in any significant litigation or arbitration during the reporting period[43]. - There were no significant subsequent events from June 30, 2023, to the date of the board's approval of the interim financial report on August 22, 2023[69].

Financial Performance - The company's revenue for 2022 reached RMB 2,054.18 million, a 27% increase from RMB 1,623.46 million in 2021[14] - Revenue from intelligent analysis and operation services grew by 41% year-on-year to RMB 1,038.56 million[14] - The gross profit for 2022 was RMB 1,481.12 million, maintaining a gross margin of 72%[14] - The net profit for the year was RMB 229.31 million, with a net profit margin of 11%[14] - Non-IFRS profit reached RMB 293.99 million, a 108% increase compared to RMB 141.16 million in 2021[14] - Operating profit increased by 132% to RMB 234.75 million[13] - The precision marketing service revenue increased by 11% to RMB 467.10 million[14] - Insurance marketing service revenue grew by 18% to RMB 548.52 million despite a challenging industry environment[14] - Total revenue increased by 27% to RMB 2,054.18 million in 2022, compared to RMB 1,623.46 million in 2021[37] - Gross profit rose by 24% to RMB 1,481.12 million, with a gross margin of approximately 72% in 2022[39] - Total revenue growth was 26.5% in 2022, down from 42.8% in 2021, with specific segments like intelligent analysis and operational services growing by 41.0%[49] - The gross profit margin decreased to 72.1% in 2022 from 73.6% in 2021, while the net profit margin improved to 11.2% from a negative 222.0%[49] Customer Base and Market Reach - The company provided services to over 7,000 financial institutions in China by the end of 2022[14] - The company serves all six major state-owned banks and over 1,000 regional banks in China[14] - The number of core financial service provider customers reached 227, an increase of 34 from the previous year, with an average revenue per core customer rising by 16% to RMB 3.69 million[20] - The company serves over 7,000 financial institutions in China, leveraging AI and big data to provide comprehensive solutions across the financial service chain[17] Technology and Innovation - The intelligent operation service revenue surged over 140% since 2021, driven by the implementation of AI-driven Chatbot technology[19] - The company’s AI Chatbot technology integrates natural language processing and automatic speech recognition, providing high accuracy in financial vertical scenarios[19] - The company obtained 16 national patents in 2022, with 8 contributions from its AI lab, focusing on areas such as machine learning and privacy computing[17] - Investment in emerging technologies such as blockchain, big data, and AI will continue to drive innovation[33] Expenses and Investments - Research and development expenses increased to RMB 369.65 million, up from RMB 252.01 million in 2021[35] - Sales and marketing expenses surged by 36% from RMB 575.99 million in 2021 to RMB 784.64 million in 2022, driven by increased advertising and IT service costs of RMB 94.24 million and expanded sales team costs[43] - General and administrative expenses rose by 3% from RMB 262.76 million in 2021 to RMB 269.98 million in 2022, mainly due to increased office expenses[42] Corporate Governance - The company emphasizes high standards of corporate governance to protect shareholder interests and enhance corporate value[157] - The board has complied with applicable corporate governance code provisions for the year ending December 31, 2022[157] - The independent non-executive directors confirmed their independence as per the listing rules[170] - The company has adopted a securities trading management policy that is not less stringent than the standard code[160] - The board will re-evaluate the separation of the chairman and CEO roles in the future based on the overall situation of the group[159] Shareholder and Equity Information - The company repurchased a total of 14,433,000 Class B shares during the reporting period, with a total cost of approximately HKD 129.75 million, including expenses[129] - The company’s share incentive plan trustee purchased 3,638,000 Class B shares to meet future vesting requirements[133] - The highest price paid for repurchased shares in June was HKD 10.02, while the lowest price was HKD 9.00, totaling HKD 47.27 million[130] - The number of issued Class B shares decreased by 18,166,000 due to the cancellation of repurchased shares[130] Risk Factors - The company faces several risks, including rapid market development and regulatory challenges regarding data privacy and protection[69][72] - The company faces risks related to its contractual arrangements, including potential penalties from the Chinese government if these arrangements are deemed non-compliant with foreign investment regulations[79] - The foreign investment restrictions limit foreign investors' ownership in value-added telecommunications companies to a maximum of 50%[82] Employee and Workforce Information - The total employee compensation cost for the year ended December 31, 2022, was RMB 682.19 million, up from RMB 494.99 million for the year ended December 31, 2021[63] - The group employed a total of 1,378 employees as of December 31, 2022, with 658 in R&D, 299 in sales and marketing, and 185 in operational support[63] - The company aims for gender diversity in its workforce, targeting 50% female representation among its 1,378 employees, with 47% currently being female[196] Compliance and Regulatory Matters - The company has applied for and received approval for exemptions from strict compliance with certain listing rules regarding connected transactions[97] - The independent auditor reported no issues regarding the disclosure of continuing connected transactions not approved by the board[101] - The corporate governance committee ensured compliance with listing rules and maintained the company's different voting rights structure[182]

Financial Performance - The company's revenue for the year ended December 31, 2022, reached RMB 2,054.18 million, an increase of 27% compared to RMB 1,623.46 million in 2021[4] - The gross profit for the year was RMB 1,481.12 million, maintaining a high gross margin of 72%[4] - The net profit for the year was RMB 229.31 million, with a net profit margin of 11%, and non-IFRS profit reached RMB 293.99 million, up 108% from RMB 141.16 million in 2021[4] - Total revenue increased by 27% from RMB 1,623.46 million in 2021 to RMB 2,054.18 million in 2022, driven by industry growth and enhanced product and service capabilities[19] - Gross profit increased by 24% from RMB 1,194.63 million in 2021 to RMB 1,481.12 million in 2022, with gross margins of approximately 72% and 74% for 2022 and 2021, respectively[21] - The company reported a profit of RMB 229.31 million for the year ended December 31, 2022, a significant recovery from a loss of RMB 3,604.03 million in 2021[26] - The company’s net profit attributable to equity shareholders improved from a loss of RMB 3,603,016 thousand in 2021 to a profit of RMB 239,661 thousand in 2022[64] - Basic earnings per share increased from a loss of RMB 9.16 in 2021 to earnings of RMB 0.50 in 2022[63] Revenue Breakdown - Revenue from intelligent analysis and operation services grew by 41% to RMB 1,038.56 million, while precision marketing services increased by 11% to RMB 467.10 million[4] - The intelligent analysis and operation business recorded a revenue growth of 41% year-on-year to RMB 1.00 billion in 2022[7] - Precision marketing business revenue reached RMB 467.10 million, an 11% increase year-on-year[10] - Insurance marketing services revenue grew by 18% to RMB 548.52 million, driven by a 40% increase in premium transactions[12] - Revenue from intelligent analysis and operation services rose by 41% from RMB 736.58 million in 2021 to RMB 1,038.56 million in 2022, primarily due to stable growth in smart data analysis and a 144% increase in smart operation services[19] Client and Market Expansion - The company provided services to over 7,000 financial institutions in China, including all six major state-owned banks and over 1,000 regional banks[4] - The number of core financial service provider clients increased to 227, up from 193, representing a growth of 18%[9] - The average revenue per core client rose by 16% from RMB 3.19 million to RMB 3.69 million[9] - The customer retention rate for core clients improved to 97%, while the net revenue expansion rate increased to 123%[9] - The loan matching scale expanded to RMB 16.46 billion, reflecting a 15% growth[11] Research and Development - The company has filed for 16 national patents in 2022, focusing on AI technologies such as intelligent voice interaction and machine learning[6] - Research and development expenses rose by 47% from RMB 252.01 million in 2021 to RMB 369.65 million in 2022, attributed to increased personnel costs to support product supply and technology research[22] - The company has allocated 30% of the net proceeds, or RMB 951.12 million, to enhance research and development efforts[44] Operational Efficiency - The company achieved a labor efficiency increase from RMB 1.25 million to RMB 1.49 million in 2022, attributed to its cloud platform capabilities[6] - The cloud-native platform's stability improved from 99.994% to 99.996%, with peak query volumes exceeding 100 million per day[6] Financial Position - As of December 31, 2022, the company's bank loans amounted to approximately RMB 450 million, due within one year[31] - The company's cash and cash equivalents, along with time deposits, were approximately RMB 3,010.86 million as of December 31, 2022, down from RMB 3,546.49 million in 2021[31] - The debt-to-asset ratio as of December 31, 2022, was 0.18, compared to 0.15 on December 31, 2021[34] - Total assets as of December 31, 2022, were RMB 4,355,890 thousand, compared to RMB 4,237,601 thousand in 2021[48] Governance and Corporate Structure - The board of directors includes executive directors Zhang Shaofeng, Zhao Hongqiang, and Zhao Jing, as well as non-executive directors Bai Linsen and Ou Wenzhi, and independent non-executive directors Chen Zhiwu, Zhou Haoxian, Guo Yike, and Li Yao[73] - The company is focused on enhancing its governance structure with a diverse board composition[73] - The presence of independent directors indicates a commitment to corporate governance and accountability[73] - The board's composition reflects a mix of experience and expertise, which may benefit strategic decision-making[73] Future Plans - The company plans to enhance customer trust and retention while expanding application scenarios and customized solutions in 2023[14] - The company aims to leverage its strengths in data analysis and precise matching to support wealth management product providers in China[14] - The company plans to continue investing in emerging technologies such as blockchain, big data, and AI to enhance its service capabilities and expand its global influence[16] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1]