GRG Banking(002152)2025-03-28 13:15Financial Performance - The company's operating revenue exceeded 10 billion yuan for the first time, demonstrating resilient growth amidst global and domestic economic challenges[5]. - The company reported a significant increase in revenue, achieving a total of RMB 1.5 billion for the fiscal year 2023, representing a year-over-year growth of 20%[21]. - The company's operating revenue for 2024 reached ¥10,866,361,487.45, representing a 20.16% increase compared to ¥9,043,275,474.28 in 2023[24]. - The net profit attributable to shareholders decreased by 5.84% to ¥919,826,746.43 in 2024 from ¥976,919,979.04 in 2023[24]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management[21]. - The company has set a revenue guidance for 2024, projecting a growth rate of 15% to reach RMB 1.725 billion[23]. - The company achieved a total revenue of 1,086,636.15 million yuan in 2024, representing a year-on-year growth of 20.16%[83]. - The financial technology sector contributed ¥6,403,571,957.96, accounting for 58.93% of total revenue, with a growth of 6.10% year-on-year[99]. - The urban intelligence sector saw significant growth, with revenue of ¥4,462,789,529.49, up 48.36% from ¥3,008,041,620.30 in 2023[99]. Market Expansion - The overseas market maintained double-digit growth in new contract amounts, with significant projects secured in Europe, Latin America, and Asia-Pacific[5]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market penetration by the end of 2024[21]. - The company has established eight branches internationally, covering over 120 countries and regions, providing services to more than 1,200 financial institutions[61]. - The company is focusing on expanding its market presence through new acquisitions and establishing subsidiaries in various regions, including Guangdong and Anhui[157]. - The company is actively pursuing market expansion and capital operation strategies, including the establishment of a multi-base platform for data trading in Guangzhou[189]. Technology and Innovation - The company plans to accelerate technology empowerment, focusing on the "AI in all" strategy, aiming for new growth opportunities in 2025[6]. - The introduction of domestic open-source large models like DeepSeek is expected to provide broader development space for the company in the AI sector[8]. - The company has developed a comprehensive AI big data platform, aiCore System, to manage the entire lifecycle of data processing and algorithm deployment[46]. - The company is focusing on AI and big data technologies to enhance its market competitiveness and technical capabilities, aiming to build a robust digital foundation for financial technology and smart city applications[110]. - The company is advancing its digital human technology to improve human-computer interaction and expand applications in finance, government, and healthcare sectors[111]. - The company is focusing on the development of large model technologies, creating a product technology system that includes various scales of industry models ranging from 7B to 72B[73]. Research and Development - Research and development expenses increased by 18%, totaling RMB 200 million, focusing on innovative banking solutions[23]. - R&D investment has consistently exceeded 9.5% of operating income for six consecutive years, with a professional R&D team of nearly 3,000 members[78]. - The company achieved a total of 302 generative AI services registered by the end of 2024, with 238 new registrations in that year alone[33]. - The company has received 3,104 patent authorizations and 355 software copyright registrations, demonstrating its strong commitment to research and development[72]. - Total research and development (R&D) expenditure increased by 5.76% to CNY 1,038,752,385.54 in 2024, while the R&D expenditure as a percentage of operating revenue decreased from 10.86% in 2023 to 9.56% in 2024[115]. Strategic Acquisitions - Strategic acquisitions have been made to integrate quality resources, including companies like Zhongke Jiangnan and Zhongjin Payment, to strengthen the industry chain[7]. - The company completed a strategic acquisition of a fintech startup for RMB 300 million, enhancing its technological capabilities[22]. - The company has acquired a 10% stake in Guangdian Wuzhou for ¥56,999,751.98, increasing its total shareholding to 26.23% and becoming the controlling shareholder with a voting power of 45.36%[132]. - The company has successfully expanded its business into internet payment and corporate credit fields through acquisitions of Zhongjin Payment and Zhongshuzhi[80]. Financial Management - The company plans to distribute a cash dividend of 2.00 yuan per 10 shares to all shareholders, reflecting its commitment to returning value to investors[11]. - The board of directors announced a dividend payout of RMB 0.5 per share, reflecting a commitment to returning value to shareholders[22]. - The company has distributed cash dividends 17 times since its listing in 2007, with a cumulative cash dividend of 4.39 billion yuan, including 497 million yuan in cash dividends for the 2023 fiscal year[199]. - The company is committed to enhancing its financial management system to improve quality and efficiency[179]. - The company is implementing a market value management system to enhance investor returns and increase investment value[192]. Risk Management - The company is facing risks from macroeconomic fluctuations and is closely monitoring economic trends to mitigate potential impacts on its business[181][182]. - The company has implemented a foreign exchange hedging management system to mitigate risks from currency fluctuations in its international business[188]. - The company’s risk management measures include strict authorization and job segregation systems to enhance operational integrity[139]. Corporate Governance - The company has established a governance structure that ensures compliance with laws and regulations, enhancing operational standards and internal control systems[196]. - The company is committed to a "Quality Return Dual Improvement" action plan to enhance investor confidence and promote sustainable development[193]. - The company has been recognized as a national technology innovation demonstration enterprise and has been included in the top 100 comprehensive competitiveness enterprises in the software and information service industry for nine consecutive years[78]. Future Outlook - The company aims to implement its "AI in all" strategy by 2025, integrating key AI elements into its products and services[45]. - The company plans to enhance its digital government projects and deepen its engagement in software business markets for state-owned enterprises[174]. - The company is focusing on vertical industry models and the application of data asset management practices[191]. - The company is exploring opportunities in the digital currency space, with ongoing projects in digital government services[190].