ECC(600850)2024-05-13 08:08Financial Performance - Revenue reached 10.001 billion yuan, a year-on-year increase of 1.31% [2] - Operating profit was 568 million yuan, up 0.64% year-on-year [2] - Net profit attributable to shareholders was 497 million yuan, a decrease of 4.64% year-on-year [2] - Gross margin improved to 20.28%, up 1.09 percentage points from 2022 [2] - Cash flow from operating activities surged to 144 million yuan, an 81.14% increase from 2022 [2] - Dividend payout increased by 50%, with a cumulative dividend of 1.553 billion yuan over 12 consecutive years [2] Business Segments - Digital product segment revenue grew to 712 million yuan, up 14.45% year-on-year, with intelligent application software revenue doubling to 136 million yuan [3] - Industry digitalization segment revenue reached 8.498 billion yuan, maintaining industry leadership, with gross margin up 1.53 percentage points [3] - Xinchuang business contract value surged to 2.385 billion yuan, a 34.21% increase [3] - Financial technology segment contract value reached 4.314 billion yuan [3] - Digital infrastructure segment revenue grew to 817 million yuan, up 7.53%, with gross margin up 0.39 percentage points [3] Strategic Partnerships - Became Huawei's largest partner in China in 2023, collaborating on industry digitalization solutions and intelligent hardware products [6] - Developed joint solutions with Huawei in financial, advanced manufacturing, and smart park sectors [6] - Partnered with Huawei in AI inference kits and smart computing platforms [6] Innovation and R&D - Launched industry-specific AI scheduling systems, data engines, and intelligent algorithms [8] - Developed industry-specific large models and upgraded cloud management systems [8] - Achieved 102% growth in intelligent application software revenue to 136 million yuan [8] Future Growth Areas - Exploring data elements across industries, developing industry-specific large models for mining safety and flood warning [9] - Piloted transparent mine emergency solutions and small watershed flood defense systems [9] - Expanding into satellite and civil aviation sectors through subsidiary Bofei Electronics [7] - Developing one-time aviation products and expanding in high-end industrial control and rail transit markets [7] Financial Technology Outlook - Financial technology contract value reached 4.314 billion yuan in 2023, driven by Xinchuang initiatives [4] - Targeting city commercial banks, rural credit unions, and securities/insurance sectors for Xinchuang transformation [5] - Leveraging Shanghai Financial Xinchuang Base and People's Bank of China authorized laboratory capabilities [4]