DCITS(000555)2025-04-01 12:48Financial Performance - In 2024, the company achieved a total revenue of CNY 100.03 billion, with the financial sector contributing CNY 49.12 billion, government business CNY 35.72 billion, and telecom operator business CNY 14.92 billion [3][4] - The net profit attributable to shareholders was CNY -5.24 billion, with a net profit excluding non-recurring losses of CNY -5.01 billion [3][4] - The decline in performance is attributed to reduced IT investment from industry clients and increased market competition, alongside goodwill impairment in non-strategic business segments [3][8] Strategic Business Insights - The financial software service business generated CNY 36.80 billion in revenue, a year-on-year growth of 1.13%, while the total signed amount decreased by 4.61% to CNY 39.62 billion [3][4] - The backlog of signed but unfulfilled orders reached CNY 22.95 billion, reflecting a 2.72% increase year-on-year [3][4] - Revenue from major state-owned banks increased by 18.80%, with total signed amounts growing by 5.69% [3][4] International Expansion - The company has made significant strides in overseas markets, particularly in Southeast Asia, participating in core banking system projects in countries like Singapore and Indonesia [4][13] - A strategic partnership with Mitsubishi Bank was established for comprehensive cooperation on new-generation banking systems [4][13] Challenges and Future Outlook - The financial technology sector faces challenges such as narrowing net interest margins and reduced IT spending from banks, leading to increased competition and profit erosion [4][8] - The company plans to enhance its financial technology business quality by shifting focus from scale expansion to value cultivation, optimizing its profit model [5][9] R&D and Technological Advancements - In 2024, the company invested CNY 6.14 billion in R&D, focusing on the "AI + Finance" sector, successfully developing vertical models for the financial industry [15][16] - The financial code assistant, CodeMaster, has been deployed in three business teams, significantly improving software development efficiency and quality [16]