NANTIAN(000948)2022-11-22 03:04Company Overview - Nan Tian Information is a leading digital service provider in the financial sector, focusing on "financial technology" and "digital services" as its main business lines [2]. - In 2020, the company achieved a revenue of CNY 4.239 billion, a year-on-year growth of 28.34%, and a net profit of CNY 134 million, an increase of 60.22% compared to the previous year [3]. Technological Advancements - The company is investing in technologies such as 5G, cloud computing, big data, artificial intelligence, and blockchain, and is exploring digital currency applications [3]. - Nan Tian Information was ranked 49th in IDC's global fintech top 100 in 2020 [3]. Core Competencies - The company has over 30 years of experience in industry information technology, which has led to a deep understanding of the sector and the development of unique advantages [3]. - Nan Tian Information's systems meet high availability requirements (99.999%) for financial institutions, establishing a foundation for expansion into other industries [3]. Market Position and Projects - The company has a leading market share in the core banking system for Postal Savings Bank, with significant involvement in various projects, including international ones [4]. - Nan Tian Information is actively involved in the "Xin Chuang" (innovation) business, focusing on domestic hardware and software adaptation [4]. Employee Management and Retention - The company's employee turnover rate is average for the industry, with a slight decrease observed during the pandemic [4]. - Plans for future talent acquisition and retention include potential stock incentives and employee ownership programs [4]. Digital Currency Initiatives - The company is cautious about direct consumer applications of digital currency, focusing instead on B2B and government applications [4]. - Nan Tian Information is collaborating with local departments to promote digital currency settlement applications in border trade [4]. Financial Performance and Sustainability - As of the end of 2020, the company had unfulfilled revenue obligations amounting to approximately CNY 3.805 billion, indicating a stable foundation for future growth [6]. - Strategies to improve net profit margins include enhancing R&D capabilities, expanding into new sectors, and implementing refined management practices [6]. Smart Governance and Community Engagement - The company is developing smart governance solutions through its subsidiary, Hongling Cloud Technology, which focuses on various applications in party governance and community services [6].