YSS(SZ:300377)2022-12-06 05:30Group 1: Company Overview - The main business of the company is to provide information technology solutions for asset management and custody services to financial institutions, with a focus on software system maintenance and value-added services [2]. - The company has achieved a cumulative dividend amount of 170 million since its listing, with a revenue growth of 107% from 2015 to 2016 [2]. - In the asset custody market, the company has seen rapid revenue growth, particularly in the banking sector, with revenue exceeding 140 million in 2016 [2]. Group 2: Market Growth and Trends - The asset management industry in China grew by 31.4% in 2016, reaching a total scale of 39.38 trillion, compared to 2015 [2]. - The asset custody market also expanded significantly, with a 39% increase in asset custody scale, surpassing 51 trillion [2]. - The banking custody fee income exceeded 51 billion in 2016, indicating a robust market for custody services [2]. Group 3: Product Development and Innovation - The company has upgraded its asset management system from version 4.5 to 5.0, achieving significant improvements in architecture, operational efficiency, and system compatibility [3]. - The new system allows for modular services, enabling tailored solutions for different departments, thus enhancing marginal benefits [4]. - The integration of technologies such as blockchain, microservices, big data, and artificial intelligence is part of the company's strategy to enhance its financial technology capabilities [3][4]. Group 4: Client Demand and Market Opportunities - The demand for IT products and services is driven by the increasing complexity of client assets and the need for differentiated competition in the financial sector [4]. - The company identifies significant opportunities in the banking and insurance sectors, where IT governance levels are high and demand for innovative solutions is strong [3][4]. - The company anticipates continued growth in the next 3-5 years due to system upgrades and the increasing use of big data and artificial intelligence in financial services [4].