Group 1 - The forum emphasized the importance of logistics data openness and interconnectivity, with 16 pilot cities and various organizations jointly launching an initiative to create a new mechanism for data circulation and a digital logistics ecosystem [3][10] - A cooperation agreement was signed between Beijing Jiaotong University and Digital China Holdings, focusing on talent cultivation, research collaboration, and the establishment of a green supply chain [5][10] - The forum highlighted the role of Shenzhou Holdings in leveraging its unique advantages in data collection and technology to enhance supply chain efficiency through its AI-driven platform, Yanyun Infinity [7][10] Group 2 - Shenzhou Holdings' subsidiary, KJ Logistics, has developed a comprehensive service system covering warehousing, transportation, e-commerce operations, and supply chain digitalization, significantly improving logistics efficiency [8] - The company achieved notable results in green supply chain practices, with a 37.86% reduction in greenhouse gas emissions and a 14.75% decrease in packaging material usage in 2024 [9] - The forum served as a significant platform for collaboration among universities, leading tech companies, and industry organizations, promoting the digital transformation of the logistics sector [10]

Group 1 - The core financial performance of Shenzhou Holdings includes a revenue of 16.657 billion yuan, strong cash flow, and a substantial order backlog, with total assets of 22.307 billion yuan and net assets of 9.507 billion yuan as of the end of 2024 [1] - The company reported an operating cash flow of 600 million yuan, new contracts worth 11.377 billion yuan, and unfulfilled signed contracts amounting to 6.944 billion yuan [1] - Shenzhou Holdings is focusing on the integration of AI technology with smart supply chains and fintech, increasing its investment in core technology areas, with R&D expenses of 732 million yuan and 390 new patents filed [1] Group 2 - The company has over 2,600 integrated service points nationwide and has recently signed contracts with major automotive manufacturers to provide IT operations management and consulting services, enhancing operational efficiency and resource allocation [2] - Shenzhou Holdings will co-host a forum on digital transportation and logistics during the Digital China Construction Summit, aiming to promote the digital transformation of the logistics industry [2] - The company is leveraging a "technology + scenario + ecosystem" model to capture market opportunities, with its upgraded data service platform, Yanyun Infinity, driving business development [2] Group 3 - Shenzhou Holdings launched an end-to-end integrated data intelligence solution, DeepSeek, to assist clients in addressing professional challenges while maintaining operational agility [3] - The government has emphasized accelerating digital construction and reducing logistics costs as a core strategy for enhancing economic efficiency, presenting new opportunities for Shenzhou Holdings [3]

Core Insights - The eighth Digital China Construction Summit will be held in Fuzhou, Fujian Province, with a focus on digital transportation and logistics [1] - This year marks the 10th anniversary of "Digital China" and the 25th anniversary of "Digital Fujian," showcasing the achievements of Shenzhou Holdings in empowering digital governance [1] Group 1: Digital Initiatives in Longyan - Longyan, a famous revolutionary area, has seen the successful implementation of the "Digital Longyan" project since 2014, which has been replicated in multiple cities across Fujian [2] - The "e-Longyan" platform, launched in 2018, facilitates data sharing and public service interactions, allowing citizens to report issues via mobile devices, creating a closed-loop service system [2] Group 2: Expansion of Digital Models - Following the success of the Longyan model, Shenzhou Holdings has developed the "e-Sanming" and "e-Zhangzhou" models, enhancing public service efficiency in Sanming with 1.96 million registered users and 2.7 billion total visits [4] - In Zhangzhou, the Zhangzhou Tong app serves as a unified public service platform, with 2.326 million users and approximately 4.8 million online transactions [6] Group 3: AI Integration in Zhangzhou - Shenzhou Holdings has introduced an AI assistant named "Houxi," which utilizes a localized deployment of the DeepSeek model to enhance government service efficiency [7] - "Houxi" has achieved over 95% accuracy in answering inquiries related to government services and offers innovative features like automatic service entry suggestions [9] Group 4: Future Contributions - Shenzhou Holdings aims to continue developing replicable models for digital governance, contributing to the broader goals of Digital China [9]

Group 1: Performance and Financials - The company reported a total revenue of 16.657 billion RMB for the year 2024, demonstrating stable business development and strong asset strength [2] - As of the end of 2024, total assets amounted to 22.307 billion RMB, with net assets of 9.507 billion RMB, and operating cash flow of 600 million RMB during the reporting period [2] - The company secured new contracts worth 11.377 billion RMB, with unfulfilled signed contracts totaling 6.944 billion RMB, laying a solid foundation for long-term and stable growth [2] Group 2: Strategic Focus and Innovation - The company is focusing on the integration of AI technology with smart supply chains and financial technology, continuously increasing investment in core technology areas [2] - In 2024, the company invested 732 million RMB in R&D, added 390 new patents, and led the formulation of 184 national and industry standards, establishing a strong foundation for long-term development in the digital field [2] Group 3: Technological Integration and Market Positioning - The company employs a "technology + scenario + ecosystem" model to seize opportunities in the AI technology revolution, creating replicable case studies across multiple business areas [3] - The upgraded Yanyun Infinity, based on the first-class national technology invention award, serves as a core engine driving business development and a tool for releasing the value of data elements [3] - Recent contracts with major automotive companies have enabled the company to establish a data-driven intelligent chain service model, significantly improving operational efficiency and cost savings [3] Group 4: Governance and Talent Development - The company has established a robust compliance management system with three lines of defense, ensuring effective risk control and a zero-tolerance culture towards fraud [4] - A comprehensive human resource management system has been developed over 20 years, resulting in a skilled management team and a culture of excellence [4] - The workforce increased to 19,268 employees in 2024, reflecting ongoing investment in business expansion and team building [4] Group 5: Future Outlook - The government has emphasized accelerating the construction of a digital China and promoting AI initiatives, presenting new historical opportunities for the company [4] - The company is positioned to leverage its unique data intelligence technology and supply chain expertise to navigate the evolving market landscape and achieve stronger growth [4]

Core Viewpoint - The article highlights the ongoing financial struggles and management issues faced by Shenzhou Information and its parent company, Shenzhou Holdings, due to significant losses and internal conflicts, particularly in light of a recent marriage dispute involving the controlling shareholder, Guo Wei [1][9]. Financial Performance - Shenzhou Information reported a net profit loss of 92.94 million yuan in Q1 2025, a year-on-year decline of 64.63% [1]. - The company has experienced substantial losses, contributing to Shenzhou Holdings' significant financial downturn in 2024 [1]. - Cumulatively, Shenzhou Information and Shenzhou Holdings have incurred over 2 billion yuan in investment losses over the past decade [2][7]. Investment Issues - Shenzhou Holdings' investment in wealth management products totaling 2.201 billion yuan in 2015 has led to ongoing financial repercussions, with an outstanding principal of approximately 1.631 billion yuan as of the end of 2023 [3]. - The company has also faced losses from its investment in Huicong Group, which has reported a total loss of 4.128 billion yuan over six years, leading to a complete write-off of the investment's book value [4]. Management and Governance - The recent inquiry from state-owned shareholder Guangzhou Chengtou raised concerns about the company's risk management and internal auditing processes, indicating deficiencies in governance [2][7]. - Guo Wei, the chairman of both Shenzhou Information and Shenzhou Holdings, is facing scrutiny from shareholders due to the company's poor performance and management practices [6][7]. Shareholder Dynamics - As of June 30, 2024, Guangzhou Chengtou holds 19.8% of Shenzhou Holdings, while another major shareholder, Guangdian Yuntong, holds 10.82%, both experiencing significant unrealized losses [8]. - The stock price of Shenzhou Holdings has dropped from a peak of 8.57 HKD per share in 2015 to 2.52 HKD per share, reflecting the financial struggles of the company [8]. Legal and Ownership Risks - Guo Wei's shares in Shenzhou Digital were judicially frozen due to a marital dispute, raising concerns about potential ownership changes and management stability within the Shenzhou group [8][9].

Financial Performance - The company's revenue for 2024 was RMB 16,657,343, a decrease of 8.86% compared to RMB 18,276,547 in 2023[6] - The big data products and solutions segment reported revenue of RMB 3,238,864, an increase of 2.11% from RMB 3,171,898 in the previous year[6] - The software and operation services segment generated RMB 5,475,189, reflecting a growth of 3.91% compared to RMB 5,269,179 in 2023[6] - The traditional services segment saw a significant decline, with revenue of RMB 7,943,290, down 19.24% from RMB 9,835,470[6] - The loss attributable to shareholders was reduced to RMB 253,949, an improvement of 86.15% from a loss of RMB 1,833,689 in the previous year[6] - The company's total revenue for the fiscal year ending December 31, 2024, was RMB 16.657 billion, with a gross profit of RMB 2.292 billion, and a net loss attributable to shareholders of RMB 254 million[68] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.06 per share, subject to shareholder approval, bringing the total dividend for the year to HKD 0.07 per share[6] - The company plans to distribute a final dividend of 6.0 HK cents per share, with a total expected cash dividend exceeding 100 million RMB for the year[73] Project Acquisitions and Collaborations - The company secured a project for the construction of a safety monitoring system for large and medium-sized reservoirs in Jilin Province, with a contract value of nearly RMB 30 million[10] - The company won a bid for an AI infrastructure project in Changchun New Area, with a total project value exceeding RMB 400 million[11] - The company established a collaboration with NVIDIA for the Hong Kong government's large model computing center project, with a total project value of nearly HKD 600 million[12] Industry Recognition and Awards - Shenzhou Holdings was awarded the "2024 ESG New Benchmark Enterprise Award" by Securities Star on July 19, 2024[25] - Shenzhou Holdings' subsidiary ranked first in the "2024 Big Data Solutions TOP 50" on August 22, 2024[28] - Shenzhou Holdings was recognized as the "Top 50 Data Intelligent Service Providers" on September 10, 2024[29] - Shenzhou Holdings was awarded the "Best ESG Company Award" by Zhitong Finance on December 11, 2024[39] Strategic Focus and Development - The company has focused on strategic optimization and increased investment in data intelligence, enhancing its product and solution offerings in sectors like smart supply chains, industrial manufacturing, and financial technology[61] - The company has established a comprehensive product and solution framework for data asset trading and management, leveraging its data intelligence platform built on Yanyun technology[62] - The company aims to leverage its strengths in data intelligence technology and supply chain services to support local industrial upgrades in overseas markets[64] - The company is focusing on AI technology integration with supply chain management to optimize processes and improve efficiency, aiming for cost reduction and quality enhancement[63] Financial Health and Cash Flow - The company reported a net cash inflow from operating activities of RMB 600 million during the reporting period, reflecting strong cash flow management[68] - As of December 31, 2024, the company's total assets are approximately RMB 22.31 billion, with total liabilities of about RMB 12.80 billion, resulting in a current ratio of 1.42[97] - The company has a cash and bank balance of approximately RMB 3.14 billion, with RMB 3.05 billion denominated in RMB[97] Employee and Operational Metrics - Employee costs for the year ended December 31, 2024, amounted to approximately RMB 3.875 billion, reflecting an 8.58% increase from RMB 3.569 billion in the previous year[112] - As of December 31, 2024, the group has 19,268 full-time employees, an increase from 16,782 employees in 2023[112] Corporate Governance - The company reported a commitment to the highest standards of corporate governance, enhancing transparency and accountability to shareholders[168] - The company has adhered to the corporate governance code, with a noted deviation regarding the dual role of the Chairman and CEO, which has been maintained for strategic consistency[170] - 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[179] Research and Development - Research and development expenses reached 732 million RMB, positioning the company at the forefront of the industry, with a total of 3,177 intellectual property rights obtained, including 390 new items compared to the previous year[87] Environmental Impact - The total greenhouse gas emissions decreased by 37.86% year-on-year, and the per capita comprehensive energy consumption reduced by 8.54% during the reporting period[73]

Revenue Performance - Revenue for the year ended December 31, 2024, was RMB 18,276,547 thousand, representing a decrease of 8.86% compared to RMB 16,657,343 thousand in 2023[5] - The segment revenue for big data products and solutions was RMB 3,171,898 thousand, a slight decrease of 2.11% from RMB 3,238,864 thousand in the previous year[5] - The software and operation services segment reported revenue of RMB 5,269,179 thousand, down 3.91% from RMB 5,475,189 thousand[5] - The traditional services segment saw a significant decline in revenue, dropping 19.24% to RMB 9,835,470 thousand from RMB 7,943,290 thousand[5] - Total revenue for the year 2024 was RMB 16,657,343, a decrease of 8.9% from RMB 18,276,547 in 2023[18] - The revenue from software product sales decreased to RMB 111,248 in 2024 from RMB 145,955 in 2023, representing a decline of 23.7%[18] - The segment revenue for the "Big Data Products and Solutions" division was RMB 3,238,864 in 2024, compared to RMB 3,171,898 in 2023, showing an increase of 2.1%[16] - The "Software and Operating Services" division reported revenue of RMB 5,475,189 in 2024, up from RMB 5,269,179 in 2023, an increase of 3.9%[16] - The "Innovative and Traditional Services" division experienced a revenue drop to RMB 7,943,290 in 2024 from RMB 9,835,470 in 2023, a decrease of 19.2%[16] Financial Losses and Gains - The net loss attributable to shareholders for the year was RMB 1,833,689 thousand, an increase of 86.15% compared to a loss of RMB 253,949 thousand in 2023[5] - The company reported a total comprehensive loss of RMB 667,908 thousand for the year, compared to a loss of RMB 1,830,324 thousand in 2023[7] - The operating loss for the year was RMB 368,582, significantly improved from a loss of RMB 1,521,271 in 2023[16] - The company reported a pre-tax loss of RMB 497,774 in 2024, compared to a loss of RMB 1,639,194 in 2023, indicating a reduction in losses[16] - The group reported a pre-tax loss of RMB 68,339,000 in 2024, a significant decrease from RMB 534,553,000 in 2023, indicating improved financial performance[20] Dividends and Shareholder Returns - The company proposed a final dividend of 6.0 HK cents per share, in addition to an interim dividend of 1.0 HK cent per share, totaling 7.0 HK cents for the year[5] - The company declared an interim dividend of RMB 13,332,000 for 2024, compared to RMB 82,332,000 for the final dividend of 2023[22] - The company plans to propose a final dividend of 6.0 HK cents per share for the year ending December 31, 2024, pending shareholder approval[22] - The board proposed a final dividend of HKD 0.06 per share for the year ending December 31, 2024, totaling approximately HKD 100,416,000[78] Assets and Liabilities - Total assets decreased to RMB 14,050,061 thousand in 2024 from RMB 13,752,110 thousand in 2023[8] - Current liabilities increased to RMB 9,872,017 thousand in 2024 from RMB 9,180,834 thousand in 2023[9] - The company's net asset value decreased to RMB 9,507,454 thousand in 2024 from RMB 10,366,005 thousand in 2023[9] - The total assets of the company are approximately RMB 22.31 billion, with total liabilities of about RMB 12.8 billion as of December 31, 2024[62] Cash Flow and Financial Management - The company reported a net cash inflow from operating activities of RMB 600 million, with new contracts signed amounting to RMB 11.377 billion and unfulfilled contracts totaling RMB 6.944 billion, indicating a solid foundation for long-term growth[32] - The company expects to maintain a liquidity ratio of 1.42 as of December 31, 2024, down from 1.50 as of December 31, 2023[62] - The company has a total of approximately RMB 15.19 billion in fixed-rate loans and RMB 19.64 billion in floating-rate loans as of December 31, 2024[65] Research and Development - Research and development costs amounted to RMB 653,335,000 in 2024, down from RMB 738,542,000 in 2023, reflecting a 11.5% reduction[20] - The company achieved a research and development expenditure of 732 million RMB, positioning it at the industry-leading level[51] - The company has accumulated 3,177 intellectual property rights, including software copyrights and patents, with an increase of 390 items compared to the same period last year[51] Operational Efficiency and Innovations - The company aims to enhance its digital capabilities and product offerings through continuous iteration of technology products and industry solutions, focusing on high-quality development and long-term operational resilience[33] - The company has established a comprehensive end-to-end service system for digital transformation, integrating AI infrastructure, data intelligence platforms, and industry solutions to enhance client operations[39] - The company has developed a three-layer core capability platform for data-driven decision-making, significantly improving operational efficiency and cost control in various industries, including manufacturing and sales[41] - In the supply chain sector, the company achieved over 20% improvement in delivery efficiency and over 5% cost savings through the implementation of a comprehensive digital system for a leading food industry client[43] - The company has successfully increased sales forecast accuracy from 50% to 80% for a major telecommunications client, while reducing replenishment cycles by 20% and improving response speed by 30%[44] Strategic Partnerships and Market Position - The company has signed a strategic cooperation agreement with Yunji Technology and Wanda Hotels to enhance data intelligence services in the hotel industry[47] - The company has deepened its presence in key economic regions, forming a technology real estate network that supports sustainable asset appreciation for shareholders[48] - The company is actively exploring AIGC technology to upgrade its financial knowledge and modeling agents, enhancing service capabilities in the financial sector[46] Legal and Compliance Matters - The company is involved in a legal dispute with Yihua Company regarding five patent infringement cases, with a claim for economic damages totaling RMB 275.3 million[67] - The company has complied with the corporate governance code, except for certain deviations regarding the roles of the chairman and CEO[81] - The audit committee consists of three independent non-executive directors, overseeing the financial performance and compliance matters[76] Future Outlook and Plans - The company plans to focus on the modularization of solutions to create standardized products tailored to industry characteristics[50] - The company is set to launch the "Yanyun Infinity" one-stop data intelligence decision-making service platform in February 2025[52] - The company aims to deepen its focus on specific industries, including smart supply chains and financial technology, to enhance its service capabilities[57] - The company is committed to driving innovation in data and AI applications, leveraging its technological advancements and industry solutions[57]

Impairment Losses - The company recognized impairment losses of approximately RMB 487.7 million for other receivables and RMB 497.0 million for interests in associates and joint ventures for the year ended December 31, 2023[3]. - The impairment loss for other receivables primarily stemmed from indirect holdings in debts related to financial products, amounting to approximately RMB 480.6 million, and expected credit losses from other receivables and prepayments of about RMB 7.1 million[4]. - The estimated recoverable amount for Company A's related debts is RMB 440.0 million, leading to an impairment loss of RMB 407.4 million recognized as of December 31, 2023[12]. - The impairment loss for Company B's related debts was primarily due to a significant decline in the market prices of residential properties, influenced by the overall downturn in the Chinese real estate market[13]. - The impairment loss for interests in associates and joint ventures amounted to approximately RMB 497 million, with RMB 320.7 million attributed to Huicong Group and RMB 133.1 million to Chongqing Microloan[18]. - Huicong Group recorded a significant loss of approximately RMB 1,890.5 million for the year, compared to a loss of approximately RMB 230.1 million for the previous year, leading to an impairment loss of RMB 320.7 million on the company's investment[25][28]. - Chongqing Microloan's valuation as of December 31, 2023, was approximately RMB 80 million, resulting in an impairment loss of approximately RMB 133.1 million due to significant losses and declining asset quality[29]. - The overall economic environment has negatively impacted the credit quality of assets held by Chongqing Microloan, affecting its valuation[29]. - The board noted that the methods and benchmarks used for impairment assessment have not changed significantly, and the increase in impairment loss is primarily due to changes in asset conditions affecting input values used in valuations[33]. - The impairment assessment methods are consistent with market practices and supported by independent appraisers where applicable[33]. Debt Recovery and Restructuring - As of December 31, 2023, the carrying value of the debts related to Company A was approximately RMB 847.4 million, which was assessed based on the market value of pledged properties and related transaction costs[6]. - The company expects to recover approximately 63.3% of the restructured property interests from Company A, which translates to an estimated value of RMB 625.1 million[9]. - The company has been involved in debt restructuring processes for both Company A and Company B, impacting the recoverability of related debts[7][13]. - The company continues to monitor the developments in the restructuring plans for both Company A and Company B, which are still under negotiation and not finalized[11]. - The estimated recoverable amount of B Company's related debts decreased from approximately RMB 1,588 million on December 31, 2022, to approximately RMB 844 million on December 31, 2023, resulting in an impairment loss of RMB 732 million for the year[17]. Market Conditions and Valuation - The overall market conditions in the Chinese real estate sector have adversely affected the valuation of the company's investments in financial products and related debts[11]. - The fair value of Company B's related debts is determined based on the expected recoverable amount from the sale or disposal of assets[14]. - The estimated cash proceeds from the sale of B Company's residential properties, excluding VAT, is approximately RMB 168.49 million, with expected costs and expenses of approximately RMB 84.08 million, leading to a net recoverable amount of approximately RMB 84.41 million[16]. - The valuation of Chongqing Microloan decreased due to a decline in comparable companies' market values and overall economic conditions[31]. - The liquidity discount (DLOM) increased from 14% as of December 31, 2022, to 16% as of December 31, 2023, based on an options pricing model[32]. - The valuation of the equity in Chongqing Microfinance is estimated at RMB 80 million as of December 31, 2023, reflecting a significant decrease in asset value[32].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 7,014,343, an increase of 5.0% from RMB 6,677,315 in the same period of 2023[4] - Gross profit decreased to RMB 957,458, down 13.7% from RMB 1,109,105 year-on-year[4] - The net loss attributable to shareholders for the period was RMB 49,340, compared to a profit of RMB 80,675 in the same period last year[4] - Other income and gains fell significantly to RMB 70,545, down 70.7% from RMB 241,069 in the previous year[4] - The total comprehensive income for the period was a loss of RMB 3,181 thousand, compared to a loss of RMB 61,368 thousand, indicating an improvement[10] - The company reported a profit of RMB 10,808 thousand for the period, compared to a loss of RMB 49,340 thousand previously, marking a significant turnaround[10] - The total comprehensive income for the period was RMB (20,218) thousand, a decrease from RMB 57,328 thousand in the previous period, indicating a substantial decline in overall profitability[11] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 12,887,884, a decrease from RMB 13,752,110 as of December 31, 2023[8] - Current liabilities decreased to RMB 8,587,915 from RMB 9,180,834 at the end of 2023[8] - As of June 30, 2024, the total equity amounted to RMB 10,122,780 thousand, a decrease from RMB 10,366,005 thousand as of December 31, 2023, representing a decline of approximately 2.35%[9] - Non-current liabilities decreased to RMB 3,199,902 thousand from RMB 3,252,974 thousand, reflecting a reduction of about 1.63%[9] - The company’s equity attributable to shareholders was negative at RMB (3,181) compared to positive RMB 5,299 in the previous year[7] Cash Flow and Financing - The company reported a net cash inflow from financing activities of RMB 660,590 thousand for the six months ended June 30, 2024, compared to a net cash outflow of RMB (435,306) thousand in the previous year, showing a positive shift in financing[12] - The net cash used in operating activities for the six months ended June 30, 2024, was RMB (1,565,592) thousand, compared to RMB (750,728) thousand for the same period in 2023, indicating a significant increase in cash outflow[12] - The company raised new bank loans amounting to RMB 1,451,571 thousand during the financing activities, an increase from RMB 1,300,459 thousand in the previous year, indicating a strategy to enhance capital structure[12] Revenue Segments - Revenue from software development and technical services was RMB 2,614,386 thousand, up from RMB 2,500,584 thousand, reflecting a growth of 4.55%[21] - The revenue from e-commerce supply chain business increased significantly to RMB 1,546,481 thousand, compared to RMB 1,087,557 thousand, marking a growth of 42.24%[21] - The total contract revenue from customers was RMB 6,868,016 thousand, an increase of 5.52% from RMB 6,509,790 thousand[21] Operational Efficiency - The company reported a decrease in inventory by RMB 13,626 thousand, contrasting with an increase of RMB (96,349) thousand in the previous year, suggesting improved inventory management[12] - The company incurred a loss of RMB (660,229) thousand in accounts payable and notes payable adjustments during the operating activities, compared to a loss of RMB (202,741) thousand in the previous year, indicating worsening operational efficiency[12] Research and Development - The company has invested CNY 320 million in R&D during the reporting period, maintaining a leading position in the industry[67] - Research and development costs were RMB 282,488 thousand in 2024, slightly down from RMB 289,782 thousand in 2023, a decrease of approximately 2.5%[25] Market Strategy and Future Plans - The company plans to focus on market expansion and new technology development in the upcoming quarters[3] - The company plans to continue its market expansion and product development strategies, although specific figures were not disclosed in the call[10] - The company aims to leverage upcoming national policies on data governance and digital economy development to expand its enterprise market presence[59] Employee and Management - Key management personnel received a total short-term employee benefit of RMB 5.232 million, a decrease from RMB 5.765 million in the previous year[50] - Employee costs for the six months ended June 30, 2024, amounted to approximately RMB 1.744 billion, representing a 14.73% increase from RMB 1.520 billion for the same period in 2023[80] Corporate Governance - The company has adopted the Standard Code for Securities Transactions by Directors as per the listing rules, and all directors confirmed compliance during the reporting period[104] - The Audit Committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated interim results for the six months ended June 30, 2024, with no objections to the accounting treatments adopted[105] - The company has complied with the listing rules regarding the composition of the Audit and Nomination Committees after the recent appointments[106]

证券研究报告 | 公司动态点评 2024 年 09 月 11 日 神州控股（00861.HK） 大数据持续发力，跨境出海成效显著 | --- | --- | --- | --- | --- | --- | |----------------------|-------|--------|-------|-----------------|-------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业收入（百万元） | 17750 | 18277 | 19255 | 20590 | 22208 | | 增长率 yoy （ % ） | -13.6 | 3.0 | 5.4 | 6.9 | 7.9 | | 归母净利润（百万元） | 310 | -1834 | 491 | 583 | 743 | | 增长率 yoy （ % ） | -56.4 | -690.8 | 126.8 | 18.7 | 27.5 | | ROE （ % ） | 3.7 | -29.1 | 7.4 | 8.3 | 9.9 | | EPS 最新摊薄（元） | 0.19 | -1.10 | ...