ISS(SH:600756)2024-04-17 12:44Financial Performance - Total operating revenue for 2023 reached ¥2,553,201,195.51, an increase of 22.99% compared to ¥2,074,244,996.20 in 2022[25]. - Net profit for 2023 was ¥91,679,660.34, compared to ¥63,533,540.50 in 2022, representing a growth of 44.24%[27]. - The company reported a net profit increase, with retained earnings rising to ¥826,322,487.38 from ¥752,917,400.10, an increase of about 9.7% year-over-year[16]. - The total comprehensive income attributable to the parent company was ¥90,988,676.68, compared to ¥63,782,594.19 in the previous year, reflecting a significant increase of approximately 42.6%[29]. - The company's net profit attributable to shareholders increased by 42.65% year-on-year, reaching 90.99 million RMB, with basic earnings per share rising by 0.083 RMB[106]. - The net profit after deducting non-recurring gains and losses was ¥83,804,975.78, up 46.98% from ¥57,016,085.47 in the previous year[103]. Assets and Liabilities - Total assets decreased to ¥4,450,721,733.83 from ¥4,586,240,155.08, a decline of approximately 2.95% year-over-year[14]. - Current liabilities decreased to ¥2,116,228,970.76 from ¥2,353,905,593.29, a reduction of about 10.05% year-over-year[14]. - Non-current liabilities increased to ¥7,267,518.71 from ¥2,252,452.77, a significant increase of approximately 222.36% year-over-year[14]. - Total liabilities were reported at ¥2,744,769,860.74, down from ¥3,042,087,817.87 in 2022, reflecting a decrease of 9.79%[23]. - The company's total assets as of the end of 2023 were ¥4,450,721,733.83, a decrease of 2.95% from ¥4,586,240,155.08 at the end of 2022[103]. Equity - Total equity increased to ¥2,327,225,244.36 from ¥2,230,082,109.02, reflecting a growth of about 4.37% year-over-year[16]. - The company's equity totaled ¥1,879,572,577.49, an increase from ¥1,803,450,945.31 in 2022, showing a growth of 4.21%[23]. - The net assets attributable to shareholders increased to ¥2,318,219,231.96, reflecting a 3.97% growth from ¥2,229,715,191.22 in 2022[103]. - The total owner's equity at the end of the year was approximately 2.23 billion, with minority interests accounting for about 0.37 million[63]. Cash Flow - The net cash flow from operating activities was ¥27,147,405.10, a decrease from ¥213,105,917.08 in the previous year[36]. - The company reported a significant decline in net cash flow from operating activities, which was ¥27,147,405.10, down 87.26% from ¥213,105,917.08 in 2022[103]. - The net cash flow from investing activities improved significantly, reaching ¥241,129,677.42, compared to a negative cash flow of ¥939,126,775.51 last year, marking a 125.68% change[197]. - The net cash flow from financing activities decreased by 243.35% to -¥44,400,793.01, primarily due to dividend distribution and repayment of financing loans[199]. Research and Development - Research and development expenses increased to ¥295,330,785.21 in 2023 from ¥262,267,858.39 in 2022, marking a rise of 12.61%[25]. - In 2023, the company invested CNY 312 million in R&D, representing an 8.16% year-over-year increase, focusing on innovation-driven development[148]. Market Strategy and Growth - The company plans to expand its market presence and invest in new product development to drive future growth[1]. - The company is focusing on enhancing its internal controls and financial reporting processes to ensure compliance and accuracy[5]. - The company aims to expand its market share in regulatory technology, having achieved the leading position in the market segment according to IDC reports[114]. - The company has established several key case studies in various provinces, enhancing its influence in the market[114]. Digital Transformation - The company maintained its leading position in the digital government sector, achieving the highest market share in China for IT solutions, with a continuous growth rate in the one-stop service segment[144]. - The company has developed a comprehensive digital government transformation capability, including a "Four Networks and One Hall" product system with over 70 sub-products, serving 29 provinces and 135 cities[158]. - The digital government overall solution proposed by the company includes 1 data brain platform, 2 support systems, and 5 core solutions, aimed at enhancing digital governance capabilities[161]. Financial Management - The company measures financial assets at fair value, with changes in fair value recognized in current profit or loss[179]. - Credit losses are calculated as the present value of the difference between all contractual cash flows expected to be received and the expected cash flows[180]. - The company assesses credit risk on each reporting date to determine if it has significantly increased since initial recognition, adjusting loss provisions accordingly[183].