YSS(SZ:300377)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥1,372,700,995.78, representing a 33.29% increase compared to ¥1,029,890,830.10 in 2021[24]. - The net profit attributable to shareholders for 2022 was ¥61,499,687.16, a decrease of 76.60% from ¥262,793,770.63 in 2021[24]. - The net cash flow from operating activities in 2022 was ¥10,667,858.57, down 89.95% from ¥106,132,963.34 in 2021[24]. - The basic earnings per share for 2022 was ¥0.0818, a decline of 76.59% compared to ¥0.3494 in 2021[24]. - The total assets at the end of 2022 were ¥3,317,089,445.67, a slight decrease of 0.40% from ¥3,330,577,979.73 at the end of 2021[24]. - The company reported a net profit of ¥55,313,948.71 in Q4 2022, following a net loss in the first three quarters[26]. - The company experienced a significant drop in cash flow from operating activities in Q1 2022, with a net outflow of ¥213,511,714.82[26]. - The weighted average return on equity for 2022 was 2.04%, a decrease of 7.05% from 9.09% in 2021[24]. - The company reported a total net profit of ¥361,671.39 from non-recurring gains in 2022, compared to ¥209,909,971.00 in 2021[31]. Revenue and Market Trends - The company recognizes the seasonal nature of its financial software business, with a significant portion of annual revenue typically realized in the fourth quarter[5]. - The financial industry in China showed stable growth, with 140 securities companies achieving a total revenue of CNY 394.97 billion and a net profit of CNY 142.30 billion, marking increases of 4.41% and 8.52% respectively compared to the previous year[36]. - The software and information technology service industry in China generated revenue of CNY 70.13 billion in 2022, representing a year-on-year growth of 11.7%, which is 0.5 percentage points higher than the overall industry growth rate[42]. - The company is positioned to benefit from the rapid growth of the asset management industry, which is expected to reach CNY 210 trillion by 2025, growing at a compound annual growth rate of 12% during the "14th Five-Year Plan" period[45]. Strategic Initiatives and Investments - The company is committed to enhancing its overall profitability and core competitiveness through strategic development in the fintech ecosystem[10]. - The company acknowledges the potential for strategic investments in fintech to not meet expected returns due to uncertainties in technology application and market conditions[10]. - The company is strategically investing in the financial technology ecosystem to enhance its overall profitability and core competitiveness, despite facing uncertainties in market applications[120]. - The company has established a strategic planning department to enhance management of technology, products, and projects, aiming to improve project management capabilities and profitability[62]. Research and Development - The company continues to focus on R&D investment, particularly in core business areas such as asset custody and management systems, while also exploring new technologies like big data and artificial intelligence[66]. - The company's R&D investment in 2022 amounted to ¥425,494,313.68, representing 31.00% of its operating revenue, a decrease of 12.56% compared to 2021[93]. - The number of R&D personnel decreased by 3.14% from 2,360 in 2021 to 2,286 in 2022, with the proportion of R&D staff dropping from 57.73% to 43.23%[93]. - The company is actively engaging in research on next-generation information technologies to support its financial technology development strategy[114]. Human Resources and Management - The company has established a relatively complete human resources system to attract and retain core personnel, which is critical for maintaining competitive advantage in the software industry[9]. - The company emphasizes the importance of a stable core management team and effective internal control systems to support sustainable development amid strategic transformation[8]. - The company recognizes the risk of talent turnover and is implementing measures to attract and retain key personnel, including stock ownership plans for critical talent[119]. - The company aims to optimize performance evaluation and compensation systems across its business units to attract high-quality industry talent[62]. Governance and Compliance - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and finances, ensuring a fully independent operational capability[135]. - The company has established a performance evaluation and incentive mechanism for directors and senior management, ensuring transparency and compliance with legal regulations[131]. - The company has a complete and independent research, production, sales, and service system, demonstrating its ability to operate independently in the market[135]. - The company has established a comprehensive internal control system to ensure compliance, asset security, and the accuracy of financial reporting, enhancing operational efficiency[193]. Corporate Social Responsibility - The company actively fulfills its corporate social responsibilities while creating value for shareholders[200]. - Employee rights and health are prioritized, with training programs implemented for skill development[200]. - The company supports local economic development by creating job opportunities[200]. - The company maintains a focus on both economic and social benefits in its operations[200].