GUOTAI EPOINT SOFTWARE CO.(688232)2024-04-12 09:54Financial Performance - In 2023, the company achieved revenue of 2.441 billion CNY, a decrease of 13.56% year-on-year [1] - The net profit attributable to shareholders was 195 million CNY, down 66.00% year-on-year [1] - The gross profit margin was 61.40%, a decrease of 4.60 percentage points year-on-year [4] - The net profit margin was 7.98%, down 12.31 percentage points year-on-year [3] Business Segment Performance - The "Smart Procurement" segment generated revenue of 1.022 billion CNY, a decrease of 16.38% year-on-year, with procurement operation revenue at 365 million CNY, down 26.63% [1][2] - The "Smart Government" segment reported revenue of 1.055 billion CNY, a decrease of 14.49% year-on-year [2] - The "Digital Construction" segment achieved revenue of 358 million CNY, a decrease of 2.63% year-on-year, with cost software revenue accounting for 51.20% [3] Market Trends and Future Outlook - The company anticipates a recovery in the second half of the year based on active bidding indicators [2] - The government is focused on digital transformation, with significant progress expected in digital government construction by 2025 [2][3] - The company plans to enhance its market share in traditional business and explore new business models to increase B-end revenue [4] Operational Efficiency - The company reported a net cash flow from operating activities of 50.73 million CNY, with sales receipts matching revenue [4] - Management expenses increased to 7.59% of revenue, up 1.09 percentage points year-on-year [4] - The company has implemented measures to manage accounts receivable effectively, resulting in a favorable collection rate [7]