Workflow
中国软件(600536) - 2024 Q4 - 年度财报
CS&SCS&S(SH:600536)2025-04-28 15:55

Financial Performance - The company's operating revenue for 2024 was CNY 5,198,004,939.43, a decrease of 22.69% compared to CNY 6,723,270,236.69 in 2023[20] - The net profit attributable to shareholders for 2024 was a loss of CNY 412,638,703.09, worsening by 77.29% from a loss of CNY 232,746,401.01 in 2023[20] - The total profit for the period was -304 million yuan, a year-on-year decrease of 2617.56%[44] - The net profit attributable to the parent company was -413 million yuan, a year-on-year decrease of 77.29%[44] - The basic earnings per share for 2024 was -CNY 0.48, a decline of 54.84% from -CNY 0.31 in 2023[21] - The weighted average return on equity for 2024 was -18.94%, a decrease of 9.18 percentage points from -9.76% in 2023[21] Cash Flow and Assets - The net cash flow from operating activities improved to CNY 626,243,362.22, a significant increase of 226.59% compared to a negative cash flow of CNY 494,705,509.23 in 2023[20] - The total assets at the end of 2024 were CNY 8,549,525,576.42, down 7.63% from CNY 9,256,071,550.12 in 2023[20] - The net assets attributable to shareholders decreased by 8.67% to CNY 2,081,243,364.43 from CNY 2,278,765,366.22 in 2023[20] - Cash and cash equivalents increased by 32.56% to CNY 2,578,925,721.96, primarily due to increased net cash inflow from operating activities[63] Revenue Breakdown - Revenue from self-developed software products was 1.719 billion yuan, a year-on-year increase of 5.01%, with an average gross margin of 77.38%[45] - Revenue from industry solutions was 2.205 billion yuan, a year-on-year decrease of 36.09%, with an average gross margin of 2.25%[45] - Revenue from service-oriented business was 1.240 billion yuan, a year-on-year decrease of 22.49%, with an average gross margin of 43.25%[45] Research and Development - Total R&D expenditure reached CNY 1,579,977,031.03, accounting for 30.40% of operating revenue[57][58] - The company has a total of 3,200 R&D personnel, representing 38.34% of the total workforce[59] - The company plans to increase capital in its subsidiary, Qilin Software, and participate in the share purchase[98] Corporate Governance - The company has made one change to its registered capital and revised its articles of association during the reporting period, enhancing corporate governance practices[93] - The company has established specialized committees within the board, including an Audit Committee and a Strategic Committee, to enhance oversight and strategic direction[114] - The company has approved a plan for share repurchase through centralized bidding[96] Shareholder Returns - The company has outlined a three-year shareholder return plan from 2024 to 2026[96] - The company’s cash dividend policy prioritizes cash dividends, with a minimum distribution of 10% of the distributable profit in profitable years[126] - The cumulative cash dividend amount over the last three accounting years is CNY 13,895,624.76[129] Market and Strategic Initiatives - The company is focusing on digital transformation solutions for government, enterprises, and society, leveraging its experience in information technology[33] - The company is actively promoting the expansion of its tax enterprise service business and developing new technologies in financial regulation[34] - The company is exploring acquisition opportunities in the tech sector, with a budget of $100 million allocated for potential deals[104] Risks and Challenges - The company faced significant risks as outlined in the annual report, which investors are advised to consider[7] - There is a shortage of technical experts in core technologies such as basic software, artificial intelligence, and big data, which hinders the rapid formation of the company's core technical strength[90] - The company faces risks from the continuous emergence of new technologies and business models impacting the software and information services industry[90] Social Responsibility - The company donated a total of 7 million yuan to the Open Atom Open Source Foundation as part of its social responsibility initiatives[139] - A total of 173.76 million yuan was invested in poverty alleviation and rural revitalization projects, including 80 million yuan in direct assistance funds[140] Related Party Transactions - The company reported a significant related party transaction with China Electronics Corporation and its subsidiaries, with a projected amount of 50,000,000 RMB and an actual amount of 30,548,870 RMB for 2024[149] - The company has engaged in various related party transactions, including sales and procurement, with a total of 8,043,990 RMB from China Electronics Corporation[151] Employee and Management Changes - The company has undergone several changes in its board and management, with new appointments and re-elections scheduled for January 16, 2024[107][108] - The total number of employees in the parent company is 3,782, while the main subsidiaries employ 4,564, resulting in a total of 8,346 employees[123]