YGSOFT(SZ:002063)2025-03-28 12:25Financial Performance - The company's operating revenue for the reporting period was ¥2,398,393,258.86, representing a slight increase of 0.40% compared to ¥2,388,767,020.12 in the previous period [21]. - Net profit attributable to shareholders decreased by 14.90% to ¥292,915,290.55 from ¥344,189,886.07 in the previous period [21]. - The net profit after deducting non-recurring gains and losses was ¥289,205,332.91, down 12.13% from ¥329,127,937.57 [21]. - The net cash flow from operating activities significantly improved to ¥232,090,298.44, a 372.96% increase from a negative cash flow of -¥85,025,871.15 [21]. - Total assets increased by 4.27% to ¥4,440,066,686.89 compared to ¥4,258,110,383.70 at the end of the previous year [21]. - The company's net assets attributable to shareholders rose by 7.21% to ¥3,673,416,378.76 from ¥3,426,246,734.18 [21]. - The company's operating revenue for the current year is ¥2,398,393,258.86, representing a year-on-year increase of 0.40% compared to ¥2,388,767,020.12 from the previous year [100]. - Operating costs increased by 4.18% to ¥1,064,737,625.68 from ¥1,022,036,830.17 in the previous year [100]. - The company reported a decrease in operating profit of 14.24%, down to ¥317,385,846.73 from ¥370,093,073.37 in the previous year [100]. - The company reported a revenue increase of 15% year-over-year, reaching 1.5 billion in Q2 2024 [166]. - The company reported a revenue increase of 15% year-over-year, reaching $2.5 billion in the last quarter [168]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q1 2024 [171]. - The company reported a significant increase in revenue, reaching $1.2 billion, representing a 15% year-over-year growth [200]. Dividend and Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.3 RMB per 10 shares based on a total of 1,905,096,000 shares [5]. - The company approved the 2023 annual financial report and profit distribution plan during the annual shareholders' meeting [190]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in operations [18]. - The company is under the control of State Grid Digital Technology Holdings Co., Ltd., which has been the major shareholder since 2019 [19]. - The company is actively expanding into other industries while solidifying its presence in the energy and electricity sector, which is crucial for national economic stability [33]. - The company is expanding its services beyond the energy sector to industries such as aerospace, metallurgy, manufacturing, finance, healthcare, and rail transportation [34]. - The company is focused on agile management and digital transformation to improve internal operational efficiency and reduce management costs [72]. - The company is committed to enhancing customer service capabilities through a well-structured marketing service network [75]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million allocated for potential deals [166]. - The company is actively pursuing opportunities for mergers and acquisitions to strengthen its market position and enhance shareholder value [196]. Research and Development - The company’s R&D investment has consistently exceeded 20% of its revenue, with over 2,000 R&D personnel and more than 300 authorized patents [78]. - The company aims to achieve a digital transformation by integrating AI, big data, and blockchain technologies into its solutions, driving business upgrades [70]. - The company is investing 200 million in R&D for new technologies aimed at enhancing user experience [166]. - Research and development expenses increased by 12%, totaling $150 million, focusing on innovative technologies [171]. - The company is investing $100 million in R&D for new technologies aimed at enhancing user experience [168]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience [200]. Market Expansion and User Growth - User data showed a growth of 20% in active users, totaling 10 million by the end of Q2 2024 [167]. - The company is expanding its market presence in Asia, targeting a 20% market share by the end of 2025 [171]. - Market expansion plans include entering three new countries by the end of 2024, targeting a potential user base of 5 million [167]. - The company is expanding its market presence in the healthcare sector, successfully launching smart financial projects for multiple hospitals [86]. - The company is focusing on enhancing the automation and intelligence of its platform, completing compliance project functionality design and system construction at Datang Group, and further expanding operations in the local energy market [154]. Governance and Compliance - The company has established a layered governance structure in accordance with relevant laws and regulations, enhancing its corporate governance level [176]. - The company ensures that minority shareholders have the right to be informed and participate equally in major decisions [177]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities [178]. - The company has implemented a stock option incentive plan for 2021, aimed at enhancing employee motivation and promoting long-term development [181]. - The company strictly fulfills information disclosure obligations, ensuring fair access to information for all shareholders [183]. Technology and Innovation - The company has developed a fully domestic technology stack for its digital production platform, ensuring information security and supporting national strategies for technological innovation [41]. - The company aims to support clients in achieving green transformation and intelligent upgrades through digital solutions that enhance energy efficiency and environmental protection [34]. - The company is leveraging AI technologies to enhance product intelligence and facilitate digital transformation in finance [125]. - The company is expanding its AI applications in the power grid sector, including distribution network optimization and intelligent pricing prediction, while building an AI ecosystem through partnerships with leading enterprises and universities [158]. Financial Management and Cash Flow - The company is developing a financial large model system expected to be completed by December 31, 2026, enhancing data processing efficiency and business responsiveness [130]. - The company has established a "Research and Development Capitalization Management Approach" to standardize the evaluation and decision-making of R&D capitalization projects [131]. - The net increase in cash and cash equivalents decreased by 75.26% to ¥127,611,636.94 from ¥515,830,664.77 [135]. - The company is enhancing its risk management capabilities through a smart risk control system that integrates data resources and services [126]. Employee and Talent Management - The company is committed to optimizing talent training models and enhancing employee capabilities to ensure key positions are well-prepared for succession [164]. - The company will implement a talent incentive assessment mechanism to stimulate employee motivation and creativity [164]. - The company is focused on improving employee welfare and corporate culture to enhance employee satisfaction and sense of belonging [164]. - The number of R&D personnel decreased by 0.71% to 1,964, while the proportion of R&D personnel increased to 47.49% from 45.98% [127]. Future Outlook - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately 1.65 billion [166]. - The company is committed to maintaining strong financial performance while navigating the challenges of market dynamics and competition [196]. - Future guidance indicates a positive outlook for revenue growth, driven by new product launches and market expansion strategies [195].