GRG Banking(002152)2024-03-29 16:00Financial Performance - The company's operating revenue reached 9.043 billion yuan, an increase of 20.15% year-on-year[3]. - The net profit attributable to shareholders was 977 million yuan, up 17.80% year-on-year[3]. - The net profit excluding non-recurring items was 818 million yuan, reflecting a year-on-year growth of 19.61%[3]. - The company reported a revenue of RMB 1.5 billion for the fiscal year 2023, representing a year-on-year growth of 15%[10]. - The company achieved total revenue of 904.33 million yuan in 2023, representing a year-on-year growth of 20.15%[56]. - The total operating revenue for 2023 reached ¥9,043,275,474.28, representing a 20.15% increase from ¥7,526,459,530.75 in 2022[66]. - The company reported a net profit margin of 12%, up from 10% in the previous year, reflecting improved operational efficiency[10]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a year-over-year growth of 20%[180]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming to reach 1.875 billion yuan[180]. Market Expansion and Strategy - The overseas market performance grew by over 50% year-on-year, with business operations extending to over 110 countries and regions[3]. - The company plans to expand its market presence in Southeast Asia, targeting a revenue contribution of 25% from this region by 2025[10]. - The company is actively expanding its international market presence, with key partnerships, including collaborations with Huawei[156]. - The company is exploring opportunities in the smart city construction sector and has made advancements in its financial network intelligent devices market[1]. - The company is focusing on the financial technology and urban intelligence sectors, with a strategic emphasis on data element transactions and digital RMB initiatives[156]. Research and Development - The company maintained a high R&D investment ratio to support its technology innovation strategy[4]. - Research and development expenses increased by 30% to RMB 300 million, focusing on enhancing AI capabilities and cybersecurity measures[10]. - The company has established a research organization with over 2,600 professionals, maintaining R&D investment above 10% of revenue for five consecutive years[51]. - The company has obtained a total of 2,857 patent authorizations and 299 software copyright registrations as of the end of 2023[51]. - The company is focusing on autonomous innovation and will increase R&D investment, focusing on AI core elements such as algorithms, computing power, data, and scenarios[148]. Product Development and Innovation - The company launched new products including "Qingyidai" (social security data) and "Qingyibao" (medical insurance claims)[3]. - New product launches included an AI-driven banking solution, which is expected to capture a market share of 10% within the next two years[10]. - The company has launched a series of digital government products, including a comprehensive command and dispatch platform and a smart asset management big data platform[47]. - The company has developed and launched several innovative products, including high-frequency readers and embedded smart cameras, to enhance its product offerings in the smart terminal market[63]. - The company is exploring potential acquisitions to bolster its technology portfolio, with a budget of up to 500 million yuan for strategic investments[180]. Financial Management and Governance - The profit distribution plan includes a cash dividend of 2.00 yuan per 10 shares, totaling approximately 496.67 million yuan[5]. - The company has established independent financial accounting and management systems, ensuring strict internal auditing and independent financial decision-making[166]. - The company reported a total shareholding of 1,665,581 shares at the beginning of the period, with no changes during the reporting period[170]. - The company has received an AAA rating in the national ESG rating and an A rating in the Wind ESG rating[160]. - The company is committed to maintaining strong financial governance with experienced professionals in its board and management team[177]. Leadership and Management Changes - The company experienced a leadership change with the resignation of the chairman on January 5, 2023, due to work adjustments[170]. - The current general manager has maintained a shareholding of 169,502 shares, unchanged from the previous period[170]. - The company appointed new directors and management team members, effective December 25, 2023[170]. - The company is undergoing management restructuring with several key positions being filled and vacated throughout 2023[171][173]. - The company is focusing on expanding its market presence and enhancing its technological capabilities through strategic appointments in its management team[176]. Sustainability and Corporate Responsibility - The management team emphasized a commitment to sustainability, with plans to invest 50 million yuan in eco-friendly initiatives over the next three years[180]. - The company is committed to enhancing its performance through operational measures and planning for its intelligent device business[153]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization[184]. - The company is focusing on the development of data element trading markets and enhancing its capabilities in the digital economy[1]. Acquisitions and Investments - The company completed the acquisition of a fintech startup for RMB 200 million, aimed at bolstering its digital payment solutions[10]. - The company acquired a 90.01% stake in Zhongjin Payment for CNY 265,500,000, which has completed the business registration procedures and is now a subsidiary[94]. - The company also acquired a 42.16% stake in Zhongshuzhihui for CNY 860,000,017.64, which has also completed the business registration procedures[94]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 500 million yuan allocated for potential deals[186]. - The company is actively promoting the transfer of stakes in several subsidiaries to improve internal business structure and cash flow[116].