SERVYOU(603171)2024-04-15 13:48Financial Performance - The company's operating revenue for 2023 was RMB 1,828,708,112.74, representing a 7.71% increase compared to RMB 1,697,762,178.12 in 2022[23]. - The net profit attributable to shareholders of the listed company decreased by 42.05% to RMB 83,385,472.17 from RMB 143,900,227.74 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 60,576,016.72, down 40.17% from RMB 101,249,301.16 in 2022[23]. - The net cash flow from operating activities increased significantly by 171.99% to RMB 244,175,990.09 from RMB 89,773,422.73 in the previous year[23]. - The total assets of the company at the end of 2023 were RMB 3,851,262,984.17, a 4.48% increase from RMB 3,686,250,016.85 at the end of 2022[23]. - The net assets attributable to shareholders of the listed company slightly decreased by 0.61% to RMB 2,436,764,275.28 from RMB 2,451,840,782.30 in 2022[23]. - The basic earnings per share for 2023 was CNY 0.21, down 40.00% year-over-year, while diluted earnings per share was CNY 0.20, down 42.86%[25]. - The weighted average return on equity decreased to 3.42% in 2023, down 2.48 percentage points from 2022[25]. - The total profit amounted to 76 million RMB, a decline of 44.17% compared to the previous year[77]. - The company achieved total revenue of 1,828.71 million yuan, a year-on-year increase of 7.71%[37]. Research and Development - The company invested significantly in research and development for artificial intelligence and large language models, contributing to increased R&D expenses[25]. - R&D expenses amounted to 484.53 million yuan, reflecting a year-on-year growth of 12.42%[37]. - Total R&D expenses amounted to ¥541,746,658.02, representing 29.62% of the company's operating revenue[1]. - The number of R&D personnel is 1,426, accounting for 27.12% of the total workforce[3]. - The company has a research team of over 300 people focusing on business innovation and tax system reform[73]. User Growth and Market Expansion - The number of active users on the company's SaaS platform reached 8.2 million, a growth of 16.3% from the beginning of the year, while paid users increased by 29.1% to 5.68 million[42]. - Active users increased from 5.9 million to 7.1 million, a growth rate of 20.3% year-over-year[48]. - Paid users rose from 3.8 million to 5.1 million, representing a growth of 34.2%[48]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% increase in market share by the end of the next fiscal year[130]. - The company is exploring new market opportunities in sectors like logistics and enterprise services to expand its data value services and increase market share in finance[117]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 61,078,125.00, subject to approval at the annual general meeting[6]. - The company has established a cash dividend policy, proposing a minimum distribution of 20% of the profit available for distribution if conditions are met[151]. - The cash dividend policy complies with the company's three-year shareholder return plan post-listing[153]. - The company has set a performance guidance for the next fiscal year, aiming for a revenue growth of approximately 5%[130]. - The board emphasized a commitment to shareholder returns, planning to initiate a dividend payout of $0.50 per share starting Q2 2024[181]. Corporate Governance and Compliance - The company is focused on ensuring compliance with legal and regulatory requirements to enhance corporate governance and protect shareholder interests[125]. - The independent directors have fulfilled their responsibilities and played their due role in the decision-making process regarding the cash dividend[155]. - The company has established a mechanism for the evaluation and incentive of senior management, with bonuses based on the completion of annual performance indicators[160]. - The company has implemented a stock incentive plan, with the first grant of 1,379,500 restricted shares at a price of 23.21 RMB per share to 77 incentive objects[159]. - The company has maintained a good integrity status for itself and its controlling shareholders during the reporting period[189]. Environmental and Social Responsibility - The company invested CNY 375,600 in environmental protection during the reporting period[164]. - The company donated a total of CNY 1,102,900 to various charitable projects, benefiting 2,200 people[167]. - The company supported rural revitalization projects with a total investment of CNY 981,300, benefiting 12,170 people[169]. - The company actively participated in environmental initiatives, including a project that recycled 9,750 PET bottles to create eco-friendly school uniforms[165]. - The company prioritized green office practices, achieving a paperless environment through integrated internal systems[164]. Strategic Initiatives and Future Outlook - The company plans to enhance its SaaS cloud services for small and micro enterprises, focusing on market share expansion, investment in tax model development, and transitioning to a platform-based business model[111]. - The company aims to build a comprehensive service system for tax agents, enhancing client engagement and service quality through AI-driven solutions[113]. - The company is committed to continuous innovation in digital governance, focusing on research and development in personal income tax and social security governance models[109]. - The company will enhance its research on artificial intelligence technology to improve digitalization and intelligence in tax collection, focusing on the application of large models in tax governance[119]. - The company is committed to optimizing its profit distribution policy to enhance investor returns[177].