Weaver Network(603039) 证券之星·2025-05-19 14:22Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, prompting a detailed response about its revenue recognition methods and operational agreements with authorized business operation centers [1][2]. Group 1: Revenue and Business Model - In 2024, the company achieved a total revenue of 2.362 billion yuan, with technical service revenue accounting for 1.438 billion yuan, representing 60.91% of total revenue [1]. - The company's revenue is primarily generated through an authorized operation model, with over 94% of revenue coming from this model in recent years [12][13]. - The company has established a standardized pricing system for its software products, which is based on functional points, ensuring that authorized centers adhere to these guidelines during negotiations with clients [3][4]. Group 2: Contracts and Obligations - The cooperation agreements between the company and authorized operation centers outline the rights and obligations of each party, including revenue sharing, service quality assurance, and compliance with legal regulations [2][3]. - Authorized operation centers are responsible for market development and sales of technical services under the company's brand, while the company retains direct responsibility for contract execution with end customers [5][6]. - The company has a structured approach to managing authorized operation centers, including performance assessments and compliance checks to ensure adherence to operational standards [24][25]. Group 3: Financial Details and Trends - The company reported a decrease of 2.85% in project implementation fees paid to authorized operation centers from 2023, amounting to 1.613 billion yuan in total sales expenses [20][23]. - The breakdown of project implementation fees over the past three years shows a consistent trend, with sales sharing and expense deductions being the main components [21][22]. - The company’s revenue recognition methods for software products and technical services are in compliance with the relevant accounting standards, confirming its status as the primary responsible party in transactions [18][19].