CSII(SZ:300663)2025-04-28 18:00Financial Performance - The company's operating revenue for 2024 was ¥842,565,148.09, a decrease of 27.95% compared to ¥1,169,408,900.72 in 2023[20]. - The net profit attributable to shareholders for 2024 was -¥534,585,585.26, representing a decline of 334.66% from -¥122,989,246.83 in 2023[20]. - The company's basic earnings per share for 2024 was -¥1.15, a decrease of 325.93% from -¥0.27 in 2023[20]. - The weighted average return on net assets was -58.38% in 2024, compared to -10.50% in 2023[20]. - The company's net assets attributable to shareholders decreased by 26.11% to ¥813,910,022.25 at the end of 2024, down from ¥1,101,588,561.35 at the end of 2023[20]. - The company reported a significant increase in the net profit attributable to shareholders after deducting non-recurring gains and losses, which was -¥538,569,755.30 for 2024, down 313.62% from -¥130,210,046.62 in 2023[20]. - The total assets at the end of 2024 were ¥2,329,304,143.55, down 22.28% from ¥2,997,116,315.99 at the end of 2023[20]. - The company acknowledges the uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[20]. Cash Flow and Investment - The net cash flow from operating activities increased by 204.17% to ¥50,528,339.12, compared to ¥16,611,890.84 in the previous year[20]. - The total cash inflow from operating activities decreased by 8.84% to ¥1,133,935,597.58, while cash outflow decreased by 11.72% to ¥1,083,407,258.46[140]. - The net cash flow from investment activities decreased significantly by 309.89% to -¥136,712,594.93, primarily due to the redemption of idle fundraising financial products in the previous period[140][141]. - The net cash flow from financing activities also saw a significant decline of 367.93% to -¥289,360,804.69, mainly due to the repayment of maturing bank loans[140][141]. - The cash and cash equivalents decreased by 297.28% to -¥375,232,824.84, indicating a substantial cash outflow during the period[140]. Revenue Breakdown - The revenue from electronic channels and middle platforms was ¥387,935,546.81, accounting for 46.03% of total revenue, down 21.56% from the previous year[107]. - The revenue from internet banking (including core internet services) was ¥318,116,507.75, which is a 31.40% decrease from ¥463,750,950.43 in 2023[107]. - Domestic revenue accounted for 98.62% of total revenue, amounting to ¥830,961,165.84, which is a decrease of 28.41% from the previous year[107]. Research and Development - The company reported a significant increase in R&D expenses due to strategic investments in AI and new product development, leading to a loss in the reporting period[105]. - R&D investment reached approximately ¥214.06 million in 2024, representing 25.41% of operating revenue, a significant increase from 12.74% in 2023[133]. - The number of R&D personnel increased by 50.76% from 461 in 2023 to 695 in 2024, with R&D personnel now constituting 19.51% of the total workforce[133]. - The company has completed the development of a code analysis and maturity evaluation platform for open-source software, enhancing code quality and security[134]. Strategic Initiatives - The company is focusing on digital transformation in the banking sector, launching innovative products like the AI-powered database and smart currency robot, which align with its 3A strategy (AI Database, AI Applications, and AI Robotics)[30]. - The company aims to leverage AI and digital solutions to enhance its service offerings, contributing to the national strategy of developing new productive forces and promoting digital economy growth[31]. - The company is committed to supporting the digital transformation of small and medium enterprises, aligning with national policies to foster innovation and technological advancement in the financial sector[33]. - The company is actively pursuing a strategic shift towards artificial intelligence, positioning itself as a financial technology leader in the AI sector[63]. Market Position and Recognition - The company has been recognized as the market leader in digital banking solutions and mobile banking for nine consecutive years according to IDC[44]. - The SUNDB database received the highest level certification from the Ministry of Industry and Information Technology, showcasing its strong capabilities in Chinese database technology[86]. - The company ranked third in the "Top 10 Most Investable Basic Software Enterprises in China" list published by CCID Consulting in January 2024, reflecting its strong capabilities in the database sector[94]. - The company has been recognized for its contributions to the technology sector, receiving various awards and honors[195]. Governance and Compliance - The company strictly adheres to the requirements of the Company Law and the Securities Law, enhancing its governance structure and internal control systems[177]. - The company has established an independent financial department with dedicated personnel, implementing a separate accounting system and financial management policies[183]. - The audit committee oversees the implementation of internal audit systems and the execution of internal control measures[181]. - The company has implemented a transparent information disclosure system, ensuring timely and accurate communication with investors[179]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[188]. - Future guidance estimates a revenue growth of 10-12% for the next fiscal year, driven by new product launches and market expansion[188]. - The company is exploring potential acquisitions to bolster its technology capabilities, with a focus on firms specializing in AI[188]. - The company is committed to continuous innovation and integration of advanced technologies to enhance service intelligence and meet the growing digital needs of clients[128].