JSST(SZ:002609)2024-05-13 10:38Financial Performance - The company achieved a total revenue of 1.645 billion RMB in 2023, representing a year-on-year growth of 19.56% [6] - The net profit attributable to shareholders reached 112 million RMB, showing significant growth compared to the previous year [7] - The innovative business segment generated 565 million RMB in revenue, accounting for 34.35% of total revenue, with a growth rate of 64.64% [6][7] Business Segments - Software and cloud services generated 213 million RMB, a year-on-year increase of 35.04%, with cloud hosting services contributing 127 million RMB, up 61.22% [6] - Smart parking operations achieved 132 million RMB in revenue, a growth of 42.80%, covering 42,000 parking lots and reaching over 120 million users [6] - Parking asset operations saw a revenue increase of 136.82%, totaling 220 million RMB, with signed parking duration contracts exceeding 435 million RMB [6] Accounts Receivable Management - The accounts receivable turnover days improved from 204 days in 2022 to 145 days in 2023, with bad debt provisions accounting for 25.62% of accounts receivable [4] - The company implemented comprehensive management of the contract lifecycle to enhance collection efficiency and reduce bad debt risks [4] Strategic Adjustments - The company reduced its R&D personnel by over 10% as part of a strategic adjustment to improve organizational efficiency amid business transformation [4] - Plans to integrate new energy vehicle charging into smart parking solutions are underway, leveraging existing customer resources and data advantages [4][6] Future Outlook - The company aims to continue its strategic focus on service and operations, transitioning from hardware to service-oriented business models [6] - A profit distribution plan was announced, proposing a cash dividend of 1.25 RMB per 10 shares, with no stock dividends or capital reserve transfers [6]