Boss Soft(SZ:300525)2024-04-23 11:51Dividend Distribution - The company plans to distribute a cash dividend of 1.50 CNY per 10 shares (including tax) to all shareholders, based on a total of 751,568,148 shares[6]. Financial Performance - The company's operating revenue for 2023 was CNY 2,044,319,839.83, representing a 6.51% increase from CNY 1,919,423,033.72 in 2022[42]. - The net profit attributable to shareholders for 2023 was CNY 326,656,976.03, a 28.40% increase from CNY 254,408,780.36 in 2022[42]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 300,594,968.26, up 30.89% from CNY 229,651,266.24 in 2022[42]. - The basic earnings per share for 2023 was CNY 0.4395, an increase of 24.36% compared to CNY 0.3534 in 2022[42]. - The total assets at the end of 2023 were CNY 4,295,413,294.76, a 32.28% increase from CNY 3,247,153,421.37 at the end of 2022[42]. - The net assets attributable to shareholders at the end of 2023 were CNY 2,576,143,213.99, reflecting a 22.24% increase from CNY 2,107,529,473.50 at the end of 2022[42]. - The net cash flow from operating activities for 2023 was CNY 329,364,050.96, a 6.73% increase from CNY 308,596,364.74 in 2022[42]. - The diluted earnings per share for 2023 was CNY 0.4328, up 24.19% from CNY 0.3485 in 2022[42]. - The weighted average return on equity for 2023 was 14.06%, a slight decrease from 14.41% in 2022[42]. - The total comprehensive income for 2023 was CNY 231,281,687.58, compared to CNY 195,141,234.81 in 2022, marking an increase of approximately 18.5%[84]. Risk Management - The company faces various risks including market competition, industry policy risks, and significant accounts receivable balances[6]. - The company emphasizes the importance of maintaining core technology and preventing talent loss as part of its risk management strategy[6]. - The company will protect its core technologies and retain key personnel to maintain its competitive advantage[72]. - The company is focused on developing new businesses and exploring new fields while managing associated risks[73]. - The company faces market competition risks due to increasing software firms entering the market, which may affect pricing and market share[70]. - The company is at risk of changes in government policies that could impact tax benefits and operational performance in the software industry[71]. Strategic Development - The company is focused on expanding its market presence and developing new products and technologies[6]. - The company is committed to innovation in information technology applications as part of its strategic development[6]. - The company is exploring opportunities for mergers and acquisitions to enhance its market position[6]. - The company has outlined its future development outlook, highlighting potential growth areas and strategies[6]. - The company plans to focus on digital ticketing and smart finance sectors, aiming to become a leading provider of government and internet services in China[54]. - In 2024, the company will enhance its customer-centric approach and continue to drive research and development efforts[55]. - The company aims to expand its market share in non-tax and fiscal electronic ticketing, leveraging internet and government service integration[56]. - The company will explore new business opportunities in digital invoices and electronic certificates, targeting both government and enterprise sectors[57]. - The company is committed to upgrading its existing systems in budget management and exploring new applications in big data and artificial intelligence[61]. - The company intends to utilize mergers and acquisitions to expand and integrate resources, enhancing core competitiveness[69]. Digital Transformation - The company is actively investing in digital transformation initiatives, including e-government and SaaS solutions[6]. - The company aims to leverage artificial intelligence to enhance product development in the public procurement sector, maintaining industry leadership[87]. - The company is focusing on integrating advanced technologies such as AI and big data into its procurement solutions to enhance market competitiveness[156]. - The company aims to facilitate the digital transformation of enterprises through its collaborative service platform for electronic vouchers, promoting the full digital asset circulation[90]. Market Expansion - The company plans to focus on expanding its digital ticketing business and enhancing its market share in smart finance and procurement sectors in 2024[87]. - The company will continue to deepen its integrated surrounding products based on existing provinces, enhancing the promotion of financial management SaaS model operations[62]. - In the digital procurement sector, the company aims to expand its electronic procurement management platform services and enhance AI applications, increasing market share in digital procurement[63]. - The company will enhance brand building through long-term cooperation with core clients, aiming to improve market reputation and product market share[65]. - The company is focused on expanding its market presence in the education sector, which is expected to provide new growth opportunities[152]. Research and Development - R&D personnel increased by 8.48% from 2,004 in 2022 to 2,174 in 2023[155]. - R&D investment amounted to ¥369,263,171.49 in 2023, up from ¥346,249,617.88 in 2022, representing an increase of approximately 6.0%[157]. - R&D expenditure as a percentage of operating revenue was 18.06% in 2023, slightly up from 18.04% in 2022[157]. - The company has not capitalized any R&D expenditures, maintaining a 0.00% capitalization rate for the past three years[157]. Acquisitions and Investments - The company has acquired 100% equity of its subsidiary, Beijing Bosi Hengxiao Technology Development Co., Ltd., enhancing its overall business structure[53]. - The company successfully acquired Zhihuilixing, enhancing its capabilities in the smart finance sector and strengthening its industry leadership[109]. - The company completed a significant equity investment in Beijing Boshi Zhixin Internet Technology Co., Ltd. for ¥220,500,000, acquiring 100% ownership[199]. - The investment in Beijing Boshi Zhixin focuses on software product development, sales, and services, specifically in integrated financial budget management and electronic government non-tax revenue[199]. Operational Efficiency - The company has implemented effective measures to enhance operational efficiency and manage accounts receivable, contributing to its strong performance[126]. - The company will optimize internal operations and financial management, focusing on budget management and improving fund usage efficiency[68]. - The company has achieved significant progress in the development of its integrated financial products, aligning with the Ministry of Finance's standards, which has led to effective control of debt income budget preparation and integration of social security fund budget management[152]. Industry Trends - The software and information technology service industry in China achieved a revenue of CNY 1,232.58 billion, representing a year-on-year growth of 13.4%[88]. - The smart city market in China is projected to grow from CNY 875.44 billion in 2023 to CNY 1,185.87 billion by 2027, with a compound annual growth rate of 8.0%[89]. - The company is actively expanding its service capabilities and exploring new business opportunities to align with industry trends and government digitalization initiatives[99].