Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 17,116,894 thousand, a decrease of 14.4% compared to RMB 20,005,171 thousand in 2022[2]. - Service revenue for the same period was RMB 16,631,560 thousand, down 14.7% from RMB 19,489,625 thousand in the previous year[2]. - Annual profit attributable to shareholders was RMB 713,394 thousand, reflecting a decline of 6.1% from RMB 759,441 thousand in 2022[2]. - Basic earnings per share decreased by 0.9% to RMB 25.88 from RMB 26.11 in the prior year[2]. - Gross profit for the year was RMB 4,003,076 thousand, down from RMB 4,600,170 thousand in 2022[4]. - Total comprehensive income for the year was RMB 706,486 thousand, compared to RMB 756,900 thousand in the previous year[5]. - Revenue from the Technology Professional Services segment was RMB 15,020,564 thousand in 2023, down from RMB 17,930,401 thousand in 2022, representing a decline of 16.4%[13]. - Revenue from the Internet Information Technology Services segment increased slightly to RMB 2,096,330 thousand in 2023 from RMB 2,074,770 thousand in 2022, a growth of 1.0%[13]. - The gross profit for 2023 was RMB 4,003,076 thousand, a decline of 13.0% from RMB 4,600,170 thousand in 2022, with a gross margin of 23.4%[41]. - The group achieved a net profit of RMB 712,667 thousand in 2023, a 6.1% decrease from RMB 758,829 thousand in 2022, with a profit margin of 4.2%[50]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.0811 per share for the year ended December 31, 2023[2]. - The company declared a final dividend of HKD 0.0811 per share for the year ending December 31, 2023, an increase from HKD 0.0567 in 2022[17]. - The board proposed a final dividend of HKD 0.0811 per ordinary share for the fiscal year ending December 31, 2023, subject to shareholder approval[62]. Assets and Liabilities - Non-current assets increased to RMB 4,122,341 thousand from RMB 3,364,263 thousand in 2022[6]. - Total liabilities increased to RMB 2,338,700 thousand from RMB 1,276,708 thousand in the previous year[7]. - Total equity attributable to shareholders decreased to RMB 11,742,461 thousand from RMB 12,109,765 thousand in 2022[7]. - Trade receivables (net of provisions) were RMB 5,304,724 thousand in 2023, a decrease from RMB 5,469,959 thousand in 2022, representing a decline of 3.0%[19]. - The aging analysis of trade receivables showed that RMB 4,019,768 thousand was within 90 days, down from RMB 4,384,078 thousand in 2022, a decrease of 8.3%[21]. - Total liabilities decreased to RMB 1,662,625 thousand in 2023 from RMB 2,043,359 thousand in 2022, a reduction of 18.6%[21]. - The group reported a current ratio of 4.4 in 2023, an increase from 3.8 in 2022, indicating improved liquidity[49]. Operational Highlights - The number of active customers in 2023 was 2,191, with 182 large customers contributing service revenue greater than RMB 6 million[31]. - The company’s top five customers accounted for 61.7% of total service revenue, while the top ten customers contributed 70.4%[31]. - The total number of employees at the end of 2023 was 69,976, a decrease of 14.8% from 82,140 at the end of 2022[33]. - The company is actively expanding its overseas business, achieving rapid growth in Hong Kong and establishing project delivery capabilities in the Middle East[26]. - The company has strengthened its partnerships with major banks and financial institutions, expanding cooperation in various financial sectors[27]. - The company has made breakthroughs in smart water and smart transportation solutions based on open-source Hongmeng technology[25]. - The company is focusing on a "platform + service" model in the ERP sector, enhancing its consulting services in key industries[25]. - The company has successfully maintained its leading position in cloud migration and development services, ranking first in these segments[26]. Strategic Initiatives - The company aims to become a global leader in technology-based IT services, leveraging core technologies and enhancing service capabilities[28]. - The group aims to enhance profit margins through a "1+3" strategic layout, focusing on high-margin service business and software-hardware product transformation[42]. - The establishment of the AIGC Research Institute aims to enhance joint innovation in the AIGC field, focusing on large model applications and solutions[24]. - The company has launched the JointPilot AI application platform to provide integrated AI application solutions for clients and ISVs[24]. - The company plans to expand into new markets including Singapore, Malaysia, Thailand, UAE, Saudi Arabia, and Chile[32]. - The company plans to allocate approximately HKD 7.88 billion for the development of full-stack cloud intelligent products and solutions, with about HKD 6.57 billion specifically for R&D and related investments[55]. - The company intends to invest in the development of the HarmonyOS and OpenHarmony hardware and software products, with a significant portion of the funds allocated for this purpose[55]. Corporate Governance - The audit committee reviewed and approved the financial statements for the fiscal year, ensuring compliance with accounting standards[61]. - The company has adopted various measures to ensure high standards of corporate governance, complying with the corporate governance code[56]. - The company will suspend share transfer registration from May 14 to May 20, 2024, to determine eligibility for voting at the annual general meeting[63]. - The annual general meeting is scheduled for May 20, 2024, at 2 PM[65]. - The annual report will be published in both Chinese and English, with the Chinese version prevailing in case of discrepancies[65]. - Financial reports prepared in accordance with international financial reporting standards will be available in English[65]. - The annual report will include all information required by the listing rules appendix 16 and will be sent to shareholders in due course[65]. Research and Development - R&D expenditure for 2023 was RMB 1,078,296 thousand, a decrease of 12.9% from RMB 1,238,035 thousand in 2022, with an R&D cost ratio of 6.3%[46].
中国软件国际(00354) - 2023 - 年度业绩