Yusys Technologies(SZ:300674) Zhi Tong Cai Jing·2025-12-24 23:27Group 1: Company Overview - Yuxin Technology Group Co., Ltd. (宇信科技) was established in 1999 and is one of the earliest companies in China to provide technology solutions for the financial industry, operating in both domestic and overseas markets [3][4] - The company focuses on three main business areas: banking technology solutions, non-banking technology solutions, and operational services, covering the entire value chain of financial institutions [3][4] - Yuxin Technology has developed a comprehensive operational service system that supports small and medium-sized financial institutions in digital retail operations [3][4] Group 2: Market Position and Performance - According to a report by Zhaoshang Consulting, Yuxin Technology ranked second in the banking fintech solutions market among all Chinese companies from 2022 to 2024, with a market share of 2.1% in 2024 [1] - The company has maintained a strong market position, ranking first among Chinese listed companies in customer relationship management solutions and business intelligence solutions from 2022 to 2024 [5] - Yuxin Technology has served over 1,000 clients, making it the leading company in the Chinese banking fintech sector by the number of clients served [5] Group 3: Financial Performance - The company's revenue for the fiscal years 2022, 2023, and 2024 (projected) is reported as RMB 4.281 billion, RMB 5.199 billion, and RMB 3.954 billion respectively [6][7] - Gross profit for the same periods is RMB 1.119 billion, RMB 1.335 billion, and RMB 1.140 billion, with corresponding gross profit margins of 26.1%, 25.7%, and 28.8% [8][9] - The net profit for the fiscal years 2022, 2023, and 2024 (projected) is RMB 253 million, RMB 330 million, and RMB 384 million respectively [10] Group 4: Industry Overview - The fintech solutions market is expected to grow significantly, with global financial institutions' technology spending projected to increase from approximately RMB 2.8 trillion in 2020 to RMB 4.2 trillion by 2024, representing a compound annual growth rate (CAGR) of about 10.4% [11][13] - In China, the fintech solutions market is anticipated to grow from RMB 1.52 trillion in 2020 to RMB 2.36 trillion by 2024, with a CAGR of approximately 11.6% [21] - The demand for fintech solutions is driven by the increasing digital transformation of financial institutions, which is expected to continue to accelerate in the coming years [16][18]