Watertek(300324)2022-12-07 09:40Financial Performance - In 2014, the company achieved operating income of 36,243.21 million yuan, an increase of 48.97% compared to the previous year [3] - The net profit attributable to shareholders reached 6,937.35 million yuan, growing by 212.20% year-on-year [3] - Revenue from embedded system testing products and services was 18,311.38 million yuan, up 27.94% [3] - Revenue from embedded information security products was 13,890.20 million yuan, a growth of 71.25% [3] - The company acquired 100% equity of Zhongsoft Jinka, adding 1,953.93 million yuan in revenue from embedded system development and product manufacturing [3] Strategic Development - The company plans to focus on providing military and civilian information products and services as its core development direction [4] - Key areas of development include airborne electronic devices, high-speed data buses, and embedded system software testing tools [4] - The company aims to expand its tax control business across 28 provinces in China [4] Tax Control Business - In 2015, the State Administration of Taxation announced the upgrade of the VAT invoice system, integrating various tax control systems [4] - The company is prepared for the potential policy changes regarding the replacement of existing tax control devices [5] - The company has no capacity issues in producing tax control devices, as it utilizes external production [5] Military and Civilian Integration - The company identifies several reasons for its military strategy, including sustained defense investment and the trend towards information warfare [7] - Future military business will focus on direct user services and addressing battlefield communication needs [7] - The company is exploring opportunities in the special vehicle information sector through investments [8] Future Outlook - The company anticipates that the overall planning for the "Business Tax to Value-Added Tax" reform will be completed within the 12th Five-Year Plan [5] - The company is expanding its smart parking business and has secured contracts in cities like Jinan, Chengdu, and Xiamen [8] - Future external development will primarily target the military industry, particularly in equipment and electronic information sectors [9]