Hundsun(SH:600570)2024-07-10 10:21Group 1: Company Performance and Strategy - The company aims for steady revenue growth and improved income quality in 2024, with a focus on maintaining a sound financial structure and cash flow [1] - In the first half of 2024, the company achieved its operational goals despite external uncertainties [1] - The company plans to continue efforts to meet its annual operational targets in the second half of 2024 [1] Group 2: Employee Compensation and Cost Control - The company is focusing on controlling costs and optimizing the compensation structure, with two main initiatives: transferring project-based business to a new subsidiary and linking salary bonuses to departmental performance [2] - Despite increased pressure, the company still implemented salary increases for qualified employees this year [2] - The overall compensation costs for fintech suppliers are lower compared to in-house personnel at financial institutions [2] Group 3: Market Outlook and Digital Transformation - The company believes in the long-term positive trend of the Chinese capital market, particularly in asset management and wealth management [2] - In May 2024, the public fund scale reached 31 trillion, a historical high, indicating a strong market [2] - The company is actively developing quality products to meet customer needs and capture market growth opportunities [3] Group 4: Financial Management and Shareholder Returns - The company has maintained a leading dividend payout ratio among peers since its listing and completed a buyback to enhance investor returns [3] - It aims to balance shareholder returns with seizing market investment opportunities [3] Group 5: Long-term Strategic Vision - The company's vision is to provide more first-class products and enhance customer satisfaction by 2030, with a clear strategy for product line development [3] - Products are categorized into five levels, with specific strategies for each, aiming to expand leading product lines from four to ten by 2030 [3] Group 6: Industry Trends and Technological Advancements - The industry is actively promoting domestic innovation, with significant progress in the localization of edge systems among major financial institutions [4] - The company has completed 100% compliance with domestic innovation for its main products and is accelerating core system upgrades [4] - The company is leveraging AI technology to enhance internal efficiency and support clients' digital transformation [6]