Seeyon(SH:688369)2023-04-12 16:00Financial Performance - The company achieved operating revenue of CNY 1,032,429,773.92 in 2022, a slight increase of 0.12% compared to 2021[22]. - Net profit attributable to shareholders was CNY 94,080,587.34, representing a decrease of 26.95% year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 84,400,330.12, down 29.88% from the previous year[22]. - The cash flow from operating activities showed a net outflow of CNY -119,292,003.19, a decline of 188.07% compared to 2021[22]. - Basic earnings per share were CNY 1.22, down 26.95% year-on-year[23]. - The company reported a total revenue of 60,786.73 million RMB, with a net profit of 20,498.11 million RMB, and an operating profit of 51,544.14 million RMB[84]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a 15% year-over-year growth[158]. Research and Development - The proportion of R&D investment to operating revenue increased to 19.85%, up 2.29 percentage points from the previous year[23]. - R&D expenditure reached CNY 20,498,110, an increase of 13.19% year-on-year[24]. - Research and development expenses amounted to 204.98 million yuan, representing a year-on-year growth of 13.19%, accounting for 19.85% of total operating revenue[34]. - The company has invested in multiple R&D projects, with cumulative investments exceeding the planned total, indicating a commitment to innovation[85]. - The company is focusing on AI technology investments, particularly in natural language processing (NLP) and optical character recognition (OCR) for document management[74]. - The company has made significant progress in developing a low-code customization platform for business personnel, facilitating the entire application lifecycle management[75]. Product Development and Offerings - The company has a range of products including V5, V8, A6, A8, G6, and A9C, targeting various market segments from small to large enterprises[14]. - The new generation cloud-native collaborative operation platform (COP-V8) was launched and began commercial marketing during the reporting period[39]. - The company has developed various products based on the COP-V5 and COP-V8 platforms, including A8 for medium to large enterprises and G6 for government organizations, enhancing their collaborative management capabilities[47][48]. - The company is focusing on enhancing its cloud service offerings, which are still in the early stages, by improving sales strategies and service quality[94]. - The company has enhanced its product offerings with new features for mobile electronic document exchange and leadership signing, improving operational efficiency[84]. Market and Industry Trends - The digital economy is projected to exceed 60 trillion yuan by 2025, with the software and information technology services industry generating over 10 trillion yuan in revenue in 2022, reflecting an 11.2% year-on-year growth[57]. - The collaborative management software industry is evolving towards platformization, mobility, cloud computing, and intelligence, driven by digital transformation demands[56]. - The domestic software industry is experiencing significant growth opportunities driven by digitalization and localization, with key sectors like finance and government seeing large-scale implementation of software solutions[58]. - The SaaS market in China reached a size of $2.9 billion, with a compound annual growth rate (CAGR) of 55.2% from 2016 to 2020[59]. - The low-code market in China is projected to reach ¥4.26 billion in 2022, with a CAGR of 49.5%, expected to reach ¥14.22 billion by 2025[66]. Corporate Governance and Management - The company has maintained compliance with corporate governance regulations, ensuring no significant discrepancies with legal requirements[149]. - The company’s governance structure includes specialized committees such as the strategy committee and audit committee, which enhance operational management and decision-making[146]. - The company strictly adhered to information disclosure regulations, timely releasing periodic reports and significant announcements, ensuring transparency for all shareholders[149]. - The company actively engaged in training for all board members to uphold their responsibilities and protect shareholder interests[146]. - The company has a structured decision-making process for remuneration involving the remuneration and assessment committee and the board of directors[165]. Strategic Initiatives and Future Outlook - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax) and to increase capital by 4.9 shares for every 10 shares held, resulting in a total cash dividend of approximately 22.94 million RMB and a capital increase of 37.46 million shares[6]. - The company is focusing on expanding its market presence and developing new technologies to drive future growth[153]. - Future outlook includes expanding the cloud platform's capabilities to support aPaaS and iPaaS integrations, enhancing third-party connectivity[82]. - The company plans to deepen vertical operations in finance, education, and healthcare sectors, enhancing customer coverage and marketing efficiency[138]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of 300 million yuan earmarked for potential deals[158].