BONC(SZ:300166)2022-04-21 16:00Revenue and Growth - Revenue from the three major telecom operators accounted for 45.02% of total revenue in 2021, indicating a strong reliance on these clients [7]. - Beijing Oriental Guoxin Technology Co., Ltd. reported a revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-on-year growth of 15% [36]. - The company achieved a net profit of RMB 200 million in 2021, an increase of 10% compared to the previous year [36]. - The company's operating revenue for 2021 was ¥2,469,646,423.95, an increase of 18.25% compared to ¥2,088,489,498.23 in 2020 [46]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15% [111]. - The company provided a revenue guidance for 2022, expecting a growth rate of 10% to 12% [115]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies [121]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in international revenue by 2023 [36]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2023 [113]. - The company is focusing on digital transformation and leveraging its strengths to assist clients in their digitalization efforts, aligning with national strategies for digital economy development [60]. - The company is actively participating in the digital transformation strategy of China Unicom, enhancing its data capabilities [146]. Research and Development - The company acknowledges the risk of technology obsolescence and intends to enhance R&D investment and strengthen partnerships with leading IT firms and academic institutions [12]. - Research and development expenses increased by 20% in 2021, totaling RMB 150 million, to enhance technological capabilities [36]. - The company's R&D expenditure for the year amounted to CNY 560 million, enhancing its software product competitiveness and technical service capabilities [88]. - Investment in R&D increased by 30% in 2021, focusing on AI and big data technologies [114]. - The company is investing in R&D for advanced data processing technologies, with a budget allocation of $10 million for the upcoming year [122]. Cost Management and Profitability - The company emphasizes the importance of cost management and plans to optimize budget management and performance evaluation methods [11]. - The company has implemented new strategies to improve operational efficiency, aiming for a 15% reduction in costs by the end of 2022 [36]. - Operating profit for the year was 288 million yuan, a decrease of 9.73% year-over-year [145]. - Total profit amounted to 293 million yuan, down 12.24% from the previous year [145]. - The net cash flow from operating activities decreased by 73.05% to ¥117,025,936.03 from ¥434,173,673.61 in 2020 [46]. Technology and Innovation - The company has developed a range of proprietary big data technology products, including high-performance distributed databases and real-time data collection engines, which have been widely applied across various industries [70]. - The company has successfully integrated advanced technologies such as IoT, big data, and AI into its industrial internet solutions, covering multiple industries [95]. - The company has launched products like "Turing Federation" and "Turing Engine" to address the fragmentation of AI application scenarios [100]. - The company has developed 5G small base stations, core networks, and edge devices to provide industry clients with 5G private networks, integrating these with its Cloudiip industrial internet platform for a comprehensive 5G + industrial internet solution [96]. Customer Engagement and Services - The company is focusing on enhancing its customer relationship management capabilities through the launch of SCRM V1.0, aimed at improving client retention rates [125]. - The company aims to enhance its customer engagement through the launch of a new mobile app, projected to increase user retention by 18% [113]. - The company serves over 300 banks, holding the largest market share in mobile banking in China, and has a deep understanding of the complex data needs of its clients [105]. Certifications and Compliance - The company achieved a CMMI5 certification, valid for three years, indicating high maturity in process management [127]. - The company holds an ISO9001 quality management system certification, effective from December 1, 2020, for three years [127]. - The company has a high-tech enterprise certificate, issued on October 21, 2020, valid for three years [127]. - The company has received a data center service capability maturity standard compliance certification (Level 2) on January 12, 2021, valid for three years [127]. Acquisitions and Partnerships - The company is exploring potential mergers and acquisitions to strengthen its position in the data technology sector, with a budget of RMB 500 million allocated for this purpose [36]. - The company completed a strategic acquisition of a local tech firm, enhancing its capabilities in cloud computing [115]. - The company completed a strategic acquisition of a competitor, which is expected to contribute an additional $5 million in annual revenue [124]. - The company signed strategic cooperation agreements with various partners, including Huawei, to enhance its smart city initiatives [171].