FOREVER TECHNOLOGY(SZ:300365)2022-12-04 08:52Financial Performance - The company achieved a revenue of ¥855,747,513.74 in 2017, with a year-on-year growth of 41.84% compared to ¥605,330,27.00 in 2016 [3][10] - The total profit amounted to ¥210,443,000, representing a 44.26% increase from ¥145,881,700 in the previous year [3] - Net profit attributable to ordinary shareholders reached ¥192,237,000, up 53.26% from ¥125,428,900 [3] - The revenue breakdown for 2017 was: - Design segment: ¥469,488,257.66 (54.86%) - Infrastructure segment: ¥211,308,559.05 (24.69%) - Power distribution segment: ¥148,856,581.56 (17.39%) - Overseas business: ¥5,088,992.56 (0.59%) - Other industries: ¥21,005,122.91 (2.45%) [10] Business Transformation - The company is undergoing a transformation towards internet services, with a focus on integrating online and offline services to support the energy internet [3][7] - The cloud service platform has registered 58,525 users by the end of 2017, with enterprise users numbering 4,543 [4] - Approximately 40% of the company's total revenue in 2017 was generated from online business through the cloud service platform [4] Future Strategies - In 2018, the company plans to enhance its SaaS product lines and establish professional communities for design, infrastructure management, and power distribution [7] - The company aims to increase market share in the power distribution sector and expand overseas markets in line with the "Belt and Road" initiative [7][8] - The company is targeting a conversion rate of over 50% for registered power distribution companies on its cloud platform [6] Market Position - The company has a market share of over 80% in the power design software sector, indicating strong competitive positioning [5] - The power distribution segment generated revenue of ¥149 million in 2017, accounting for over 17% of total revenue [8] Investment and Partnerships - The company has invested in four power distribution companies, which have obtained the necessary qualifications to conduct power distribution business [11] - The company is actively pursuing partnerships and collaborations to enhance its service offerings and market reach [9]