BEYONDSOFT(002649)2024-04-26 10:47Financial Performance - The company's operating revenue for 2023 was CNY 6,601,201,346.89, representing a 1.89% increase from CNY 6,479,062,973.78 in 2022[22]. - The net profit attributable to shareholders for 2023 decreased by 29.73% to CNY 217,311,504.03 from CNY 309,246,757.29 in 2022[22]. - The net cash flow from operating activities for 2023 was CNY 296,334,842.98, down 27.00% from CNY 405,910,410.70 in 2022[22]. - The total assets at the end of 2023 were CNY 5,402,817,835.76, an increase of 3.14% from CNY 5,238,476,557.63 at the end of 2022[23]. - The net assets attributable to shareholders increased by 4.07% to CNY 4,029,832,768.26 at the end of 2023 from CNY 3,872,268,520.55 at the end of 2022[23]. - The basic earnings per share for 2023 was CNY 0.37, a decrease of 30.19% from CNY 0.53 in 2022[22]. - The company reported a significant decline in net profit excluding non-recurring gains and losses, which was CNY 166,453,833.88, down 39.48% from CNY 275,057,511.71 in 2022[22]. - The company experienced a net loss in the fourth quarter of 2023, with a net profit of -CNY 6,793,757.17, contrasting with positive profits in the previous three quarters[26]. - The company received government subsidies amounting to CNY 63,799,329.55 in 2023, an increase from CNY 51,381,188.11 in 2022[28]. - The weighted average return on equity for 2023 was 5.51%, down from 8.22% in 2022[22]. Dividend and Shareholder Information - The company reported a cash dividend of CNY 0.26 per share for every 10 shares, based on a total share count of 585,344,532 shares as of December 31, 2023[5]. - The company declared a cash dividend of 0.26 CNY per 10 shares, totaling 15,218,957.83 CNY, which represents 100% of the distributable profit[155]. - The total distributable profit available for cash dividends was 554,705,748.52 CNY[155]. - The company has maintained a consistent cash dividend policy, distributing 30% or more of net profits to shareholders over the past three years, with a cash dividend of ¥2.05 per 10 shares for 2022, totaling ¥119,785,487.66[153]. Risks and Challenges - The company highlighted risks including exchange rate fluctuations, goodwill impairment, technological innovation, and geopolitical risks[5]. - The global high-tech industry faces challenges from geopolitical uncertainties, which may impact international trade and supply chains[46]. - The company emphasizes the importance of investor awareness regarding investment risks in its forward-looking statements[5]. - The company adopts a combination of organic growth and external mergers and acquisitions, which brings potential goodwill impairment risks[113]. Industry Insights - In 2023, the software and information technology services industry in China achieved a business revenue of CNY 1.23 trillion, a year-on-year growth of 13.4%[33]. - The profit total for the software and information technology services industry reached CNY 145.91 billion in 2023, reflecting a year-on-year increase of 13.6%[33]. - The revenue from information technology services was CNY 812.26 billion, growing by 14.7% year-on-year, accounting for 65.9% of the total industry revenue[33]. - The adoption rate of generative artificial intelligence among enterprises in China reached 15% in 2023, with a market size of approximately CNY 14.4 trillion[38]. - The AI+ financial market in China is projected to reach CNY 66.6 billion by 2026, with a compound annual growth rate (CAGR) of 17.6%[40]. - The IT investment scale in China's banking industry was CNY 144.57 billion in 2022, with an expected growth to CNY 221.28 billion by 2026, reflecting a CAGR of 11.2%[41]. Research and Development - The company holds a total of 1,837 software copyrights and 31 authorized patents as of the end of the reporting period[60]. - The company completed the development of a smart management system for property services, enhancing efficiency and service quality[84]. - The company has developed a financial data marketplace transformation system to improve data quality and processing efficiency[84]. - The company completed the "Comprehensive Planting Intelligent Management System," which digitizes the entire planting process to improve management efficiency and reduce labor costs[85]. - The number of R&D personnel decreased by 5.03% from 3,201 in 2022 to 3,040 in 2023, with the proportion of R&D personnel in total workforce dropping from 10.90% to 9.62%[86]. - R&D investment amounted to ¥326,787,211.23 in 2023, a slight increase of 0.31% compared to ¥325,787,965.63 in 2022, while the R&D investment as a percentage of operating revenue decreased from 5.03% to 4.95%[86]. Management and Governance - The company has established a clear asset independence from its largest shareholder, ensuring no asset occupation or control by the shareholder[122]. - The company maintains a fully independent financial management system, with no funds being occupied by the largest shareholder[122]. - The company has a complete and independent business structure, allowing it to autonomously develop marketing strategies[123]. - The management team consists of experienced professionals with backgrounds in technology and finance, contributing to the company's strategic direction[129]. - The total pre-tax remuneration for the board of directors and senior management during the reporting period amounted to CNY 13.46 million[141]. - The company has a structured remuneration decision-making process involving the remuneration and assessment committee, which evaluates performance based on company results and individual contributions[138]. Employee and Workplace Culture - The total number of employees at the end of the reporting period was 31,586, with 29,388 being technical personnel, representing approximately 93.1% of the workforce[149]. - Employee compensation totaled ¥5,456,505,465.01, accounting for 86.54% of the company's total operating costs, indicating a high sensitivity of profits to changes in employee compensation[151]. - The company was awarded the "Best Employer in China" for the fifth consecutive year by CHIRC, reflecting its commitment to employee satisfaction and retention[150]. - The company has a structured training program aimed at enhancing the capabilities of management and core personnel, supporting continuous employee development[152]. Strategic Expansion and Future Plans - The company aims for steady revenue growth over the next three years while optimizing its industry and business structure[110]. - The company plans to focus on key areas such as digital agriculture, smart energy, and digitalization of state-owned enterprises to drive business growth[110]. - The company is actively exploring new industry sectors, focusing on digital agriculture, smart energy, and digitalization of state-owned enterprises[63]. - The company is focusing on enhancing its product and solution offerings to support clients' digital transformation in various sectors[48]. - The company is actively expanding its business in Southeast Asia and exploring markets along the "Belt and Road" to mitigate impacts from geopolitical tensions[116].