Workflow
云与数据服务业绩亮眼,加速信创+数据要素布局

Investment Rating - The report maintains a "Hold" rating for the company, indicating a stable outlook with potential for moderate growth in the coming years [10]. Core Insights - The company has achieved a revenue of 3.73 billion yuan and a net profit of 0.75 billion yuan in 2023, reflecting a year-on-year growth of 8.38% and 49.60% respectively [1]. - The company is actively advancing its "data element ×" strategy across various sectors including government, public security, cultural tourism, commerce, industry, and energy, with cloud and data service revenue accounting for over 10% of total revenue [1]. - The company has launched three new products, including the KES Plus rapid development and operation platform, and has secured multiple benchmark projects [1]. Financial Summary - In 2023, the company reported total revenue of 91.95 billion yuan, a decrease of 13.3% year-on-year, while the net profit was 3.75 billion yuan, down 0.3% year-on-year [16]. - The projected revenue for 2024 is 100.05 billion yuan, with an expected growth of 8.8%, and the net profit is forecasted to be 474 million yuan, reflecting a growth of 26.2% [6]. - The gross margin for 2023 was 23.5%, with a projected increase to 24.9% in 2024 [6]. - The return on equity (ROE) for 2023 was 7.3%, expected to rise to 8.4% in 2024 [6]. Product Performance - The company's cloud and data services generated revenue of 10.44 billion yuan in 2023, marking a significant year-on-year increase of 37.12% [16]. - The revenue from self-developed software reached 20.60 billion yuan, up 13.06% year-on-year, while industry solutions and digital infrastructure saw declines [16]. Market Position - The company is positioned to leverage its strengths in cloud and data services, which are becoming key growth drivers, particularly in industrial and energy sectors [16]. - The overall financial health of the company is stable, with a focus on optimizing its business structure and enhancing profitability through high-margin services [15].