LZRJ(SH:688588)2025-04-17 12:30Financial Performance - The company's operating revenue for 2024 reached ¥1,114,211,672.95, representing a year-on-year increase of 59.99% compared to ¥696,433,152.73 in 2023[21]. - Net profit attributable to shareholders increased by 43.65% to ¥124,292,966.56 in 2024 from ¥86,526,473.53 in 2023[21]. - The net cash flow from operating activities rose by 66.62% to ¥201,321,597.01 in 2024, up from ¥120,829,320.74 in 2023[21]. - Basic and diluted earnings per share increased by 46.39% to ¥0.3187 in 2024, compared to ¥0.2177 in 2023[22]. - The weighted average return on equity improved to 10.06% in 2024, an increase of 3.45 percentage points from 6.61% in 2023[22]. - The total assets of the company increased by 12.10% to ¥1,790,370,611.73 in 2024, compared to ¥1,597,157,995.17 in 2023[21]. - The company reported a significant increase in business scale due to a major asset acquisition in November 2023, contributing to the rise in revenue and profit[23]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling approximately RMB 77.99 million, which accounts for 62.74% of the net profit attributable to shareholders for 2024[5]. - The total share capital of the company is 400,010,003 shares, with 10,080,000 shares held in the repurchase account, resulting in a base of 389,930,003 shares for the dividend distribution[5]. - The company has not made any capital reserve transfers to increase share capital or issued bonus shares for the 2024 fiscal year[5]. Governance and Compliance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[7]. - The company has not identified any violations in decision-making procedures regarding external guarantees[7]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company emphasizes that forward-looking statements in the report do not constitute substantive commitments to investors[6]. - The governance structure of the company operates effectively in accordance with relevant laws and regulations, ensuring the protection of shareholder interests[179]. - The company has established a robust mechanism for coordination and checks and balances among its governance bodies[179]. Research and Development - Total R&D expenses amounted to ¥68,836,118.43, a slight decrease of 0.18% compared to the previous year[72]. - The ratio of total R&D expenses to operating revenue decreased by 3.72 percentage points to 6.18%[72]. - The company is actively advancing the research and development of artificial intelligence application products[30]. - The company has developed proprietary core technologies, including project management control technology, big data, cloud computing, and mobile development, which are crucial for driving performance growth[60]. - The company has implemented an automated testing platform that significantly improves testing efficiency and quality, covering all functional modules of the securities trading system[61]. Market Position and Strategy - The company has established a client base of over 70 securities firms in China, including major players like Guotai Junan and CITIC Securities, since entering the domestic market in 2010[50]. - The company is focusing on a "platform + ecosystem" strategy to drive the digital transformation of the securities industry, leveraging AI capabilities for enhanced service delivery[39]. - The company aims to enhance its delivery capabilities by expanding its development and research teams, increasing R&D investment, and improving the modularization and automation of development processes[173]. - The company plans to increase its market share in the domestic financial industry by developing software products that integrate emerging technologies such as cloud computing, big data, and AI[172]. Challenges and Risks - The company faced challenges from the depreciation of the Japanese yen, impacting revenue and net profit growth[30]. - The company relies heavily on the Japanese market for software development services, which poses a risk if there are adverse changes in Japan's economic or political environment[112]. - The company faces risks related to high customer concentration, particularly with its largest client, Nomura Research Institute, which could impact performance if their situation deteriorates[112]. - Financial expenses surged by 203.34% to ¥66,201,351.49, mainly due to increased foreign exchange losses from a declining yen[118]. Technology and Innovation - The company is focused on integrating IoT, cloud computing, and blockchain technologies to develop new products and solutions, enhancing customer satisfaction and loyalty[68]. - The company has developed a digital campus life system using JAVA Springboot, enhancing management of dining, bookstore, and convenience store operations for university students[36]. - The company is leveraging AI technology to better understand user preferences, aiming to create a more personalized shopping experience[86]. - The company is developing an intelligent system for IPO application processes, which is anticipated to increase document review efficiency by 50%[89]. Employee and Management - The employee investment plan encourages long-term investment, which is expected to improve employee satisfaction and loyalty, ultimately benefiting the company's performance[87]. - The company has established a talent training system with three programs aimed at developing software engineers, enhancing skills, and preparing for advanced roles[109]. - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 5.47 million RMB[191]. - Changes in personnel included the resignation of two deputy general managers and core technical personnel due to personal reasons[192]. Future Outlook - The company provided guidance for Q4 2023, expecting revenue to be between $1.6 billion and $1.8 billion, indicating a potential growth of 20% to 30%[185]. - The company aims for a conversion rate of over 90% in its mainframe migration projects, focusing on COBOL to Java transitions[87]. - The company plans to leverage advanced container management and CI/CD integration technologies, providing a competitive edge in the market[82].