BEYONDSOFT(SZ:002649)2022-11-22 03:01Company Overview - 博彦科技 was established in 1995 and went public on the A-share market in 2012, becoming a leading comprehensive IT service provider in China [2] - The company has subsidiaries and R&D centers in countries including the USA, Japan, India, Singapore, Malaysia, and Spain, showcasing its global delivery capabilities [2] Development Stages - Stage 1 (1995-2000): Established partnerships with top US high-tech companies and set up China's first offshore delivery center [2] - Stage 2 (2001-2011): Expanded into international markets including Japan, the USA, and Southeast Asia, while deepening domestic presence in cities like Shanghai and Wuhan [3] - Stage 3 (2012-2019): Leveraged capital markets for mergers and acquisitions to accelerate global market expansion and diversify service offerings [3] - Stage 4 (2020-Present): Focused on optimizing management and aligning resources with client needs in high-tech, internet, and finance sectors [3] Financial Performance - The company has experienced high gross margins historically, but rising personnel costs have posed challenges [3] - Current gross margin trends indicate a turning point, with a focus on high-growth and high-margin clients [3] Financial Position - As of 2020, the company had approximately ¥2 billion in cash, with high financial expenses attributed to convertible bond interest and foreign exchange losses [4] - The low interest income is due to conservative cash management strategies and the nature of global fund distribution [4] Future Plans - 博彦科技 plans to continue utilizing mergers and acquisitions to enhance its business capabilities and maintain industry leadership [4]