YLZ(SZ:300096)2025-04-28 18:30Financial Performance - The net profit attributable to the listed company for 2024 was -43.2811 million CNY, indicating a significant decline in operating performance due to a decrease in the issuance of the third-generation social security cards and an unfavorable market environment in the healthcare industry [4]. - The company's operating revenue experienced a decline, primarily influenced by the aforementioned factors, leading to an overall loss for the year [4]. - The company's operating revenue for 2024 was CNY 558,413,139.01, a decrease of 29.97% compared to CNY 797,422,578.13 in 2023 [25]. - The net profit attributable to shareholders for 2024 was a loss of CNY 43,281,102.59, representing a decline of 216.82% from a profit of CNY 37,049,464.81 in 2023 [25]. - The cash flow from operating activities for 2024 was a negative CNY 34,354,213.53, compared to a positive CNY 3,017,621.08 in 2023, indicating a significant decline of 1,238.45% [25]. - The total assets at the end of 2024 were CNY 954,298,550.96, down 13.03% from CNY 1,097,301,888.74 at the end of 2023 [25]. - The net assets attributable to shareholders decreased by 10.86% to CNY 311,113,392.82 at the end of 2024 from CNY 349,010,572.55 at the end of 2023 [25]. - The basic earnings per share for 2024 was CNY -0.1007, a decrease of 216.82% from CNY 0.0862 in 2023 [25]. - The company reported a non-recurring loss from the disposal of non-current assets amounting to -741,210.02 yuan in 2024, compared to a gain of 258,304,023.17 yuan in 2023 [31]. - The total non-recurring gains and losses for the company in 2024 amounted to 5,342,592.23 yuan, significantly lower than 180,387,758.92 yuan in 2023 [32]. Operational Stability and Strategy - The company maintains stable operations, with no significant adverse changes in its main business, core competitiveness, or key financial indicators, aligning with industry trends [5]. - The software and information technology services industry, in which the company operates, continues to receive strong support from national policies, with no signs of overcapacity or continuous decline [5]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves [8]. - Future plans and performance forecasts mentioned in the report do not constitute commitments to investors, emphasizing the need for risk awareness [7]. - The company is actively engaged in providing information technology services to national ministries and is expanding its digital system construction and operation in various provinces [4]. - The company is exploring innovations and applications in social security and healthcare businesses, aiming to deepen its market penetration [4]. - The company has outlined potential risks and corresponding countermeasures in its management discussion and analysis section [7]. Government and Policy Support - The company is positioned as a key provider of digital solutions in the fields of human resources, social security, and healthcare, benefiting from government policies aimed at improving public services [35]. - The government has emphasized the importance of high-quality development and digital economy integration, which presents historical opportunities for the company's growth [35]. - The company is actively involved in the digital transformation of social security and healthcare sectors, aligning with national strategies for digital infrastructure and data sharing [36]. - The company has seen continuous policy support in human resources and social security, which is expected to drive sustained industry growth [37]. - The company is responding to the "Artificial Intelligence+" initiative, enhancing its digital service capabilities in line with government directives [38]. Technological Innovations and Developments - The company launched the "Zhidin Tiangong AI Platform" 2.0 in March 2024, enhancing its AI capabilities for specific industry needs in human resources and medical insurance [54]. - The AI platform "Zhiding Tiangong 2.0" and the industry model "Zhiding Yunfan" have been launched, with intelligent customer service products deployed in over 20 provinces [46]. - The company is actively involved in the construction and operation of multiple national-level information systems for the Ministry of Human Resources, including the public service system and pension third pillar system [58]. - The company is leveraging existing data resources to build a provincial-level analysis and monitoring platform, enhancing decision-making and management capabilities [61]. - The company is focused on improving data accuracy through the construction of a comprehensive human resources data center, integrating data from multiple departments [60]. Market Position and Competitive Advantage - The company has undergone significant changes in its shareholding structure, with the actual controller changing to the Zhoukou City Finance Bureau as of March 25, 2024 [25]. - The company has been a leader in the human resources and social security industry for over 20 years, providing comprehensive software and hardware solutions to government departments and related institutions [47]. - The company has a strong competitive advantage in customized, integrated solutions, effectively meeting the diverse needs of government and enterprise clients through a comprehensive service model [86]. - The company has received positive feedback from various government departments and partners, indicating high customer satisfaction with its service capabilities [87]. Human Resources and Employee Management - The total number of employees at the end of the reporting period is 1,802, with 332 in the parent company and 1,470 in major subsidiaries [181]. - The total employee compensation for the reporting period is CNY 339.74 million, accounting for 56.36% of the total company costs, with a year-on-year decrease of 21.79% [183]. - The company emphasizes a competitive compensation policy to attract and retain key talent, linking performance pay to job responsibilities and company performance [183]. - The company has established a dual-channel career development path for employees, focusing on leadership, business, and skills training [184]. Governance and Compliance - The company adheres to strict information disclosure practices, ensuring timely and fair communication with investors [141]. - The governance structure of the company aligns with the requirements of relevant laws and regulations, with no significant discrepancies noted [142]. - The company has established a complete internal organizational structure with clear responsibilities and a sound internal management system [145]. - The company has a robust internal control mechanism to prevent mixed operations with controlling shareholders [145]. - The company is committed to maintaining transparency and thorough communication in its decision-making processes [177]. Future Outlook and Growth Plans - The company plans to focus on digital technology, particularly in the areas of human resources, social security, and healthcare, aiming to create comprehensive solutions and a service system [127]. - By 2025, the company aims to maintain a management approach of "seeking progress while ensuring stability," emphasizing cost control, efficiency improvement, risk prevention, and development promotion [128]. - The company is accelerating technological innovation, enhancing capabilities of its AI platform and big data products, and exploring cross-industry application scenarios [129]. - The company is actively exploring new marketing channels, including e-commerce and social platforms, to reach customers directly [84].