Join-Cheer(002279)2025-04-24 14:00Financial Performance - The company's operating revenue for 2024 reached ¥4,037,176,930.01, representing an increase of 18.33% compared to ¥3,411,723,641.30 in 2023[18]. - The net profit attributable to shareholders for 2024 was -¥155,561,037.99, a decline from -¥142,202,178.24 in 2023[18]. - The net cash flow from operating activities for 2024 was -¥56,431,111.85, down from ¥218,933,210.93 in 2023[18]. - The total assets at the end of 2024 were ¥2,523,615,668.48, a decrease of 14.72% from ¥2,959,301,630.21 at the end of 2023[18]. - The net assets attributable to shareholders at the end of 2024 were ¥1,407,167,296.80, down 13.75% from ¥1,631,544,945.14 at the end of 2023[18]. - The company recorded a basic earnings per share of -¥0.1798 for 2024, compared to -¥0.1642 in 2023[18]. - The weighted average return on equity for 2024 was -10.39%, a decline from -8.44% in 2023[18]. - The company achieved a total revenue of CNY 4,037.18 million in 2024, representing a year-on-year growth of 18.33%[68]. - The digital communication business generated revenue of CNY 3,002.99 million, marking a year-on-year increase of 26.97%[68]. - The management software segment reported a revenue of CNY 102.50 million, showing a decline of 1.14% compared to the previous year[68]. Business Strategy and Development - The company is focusing on digital economy integration and enhancing data asset management to drive high-quality development in 2024[26]. - The company focuses on three main business areas: digital government, digital enterprise, and digital marketing, leveraging cloud computing, big data, and AI technologies for innovation[30]. - The company is committed to continuous technological innovation to support government and enterprise clients in their digital transformation[29]. - The company aims to empower digital government and enterprise construction through its core platform and various product lines, becoming a key player in digital transformation[31]. - The company is focusing on integrating financial and operational management through a digital business loop, enhancing treasury management and innovative financial products[39]. - The company is actively exploring digital and intelligent innovations in the energy sector, focusing on data governance to drive lean management[58]. - The company plans to focus on industry development, optimize market layout, and enhance product R&D to capture new market opportunities by 2025[107]. - The company aims to improve operational efficiency and profitability by implementing a "human efficiency first" mechanism and enhancing team effectiveness[108]. Risk Management - The company does not currently face significant operational risks, but acknowledges potential macroeconomic, policy, industry competition, and receivables recovery risks[3]. - The company is closely monitoring national policy dynamics and will enhance market expansion efforts to mitigate risks associated with macroeconomic and policy changes[110]. - The company is implementing measures to reduce accounts receivable risks, including improving customer credit rating systems and enhancing risk control measures[113]. - The company is actively cooperating with judicial authorities to recover losses related to the Shanghai Yitong case, which may pose compensation risks due to the uncertainty of related parties' performance capabilities[114]. Corporate Governance - The company has established a standardized corporate governance structure, ensuring compliance with relevant laws and regulations, and has held one annual and one extraordinary shareholders' meeting in 2024[118]. - The company held 8 board meetings during the reporting period, approving 37 proposals, ensuring efficient governance and decision-making[119]. - The supervisory board convened 7 meetings, effectively overseeing financial compliance and major operational matters[120]. - The company emphasizes the independence of its operations, with complete separation from the controlling shareholder in assets, personnel, and business[124]. - The company is committed to maintaining transparent information disclosure, ensuring timely and accurate reporting to investors[123]. - The board of directors includes 7 members, with 3 independent directors, ensuring compliance with governance regulations[119]. - The company actively engages with stakeholders, balancing interests among shareholders, employees, and the community[122]. Research and Development - Research and development expenses decreased by 10.68% to 283.76 million, attributed to a reduction in R&D personnel[78]. - The company is focusing on integrating AI into its EPM system to enhance performance management and strategic insights[80]. - The company has implemented a comprehensive training system to enhance employee capabilities, focusing on organizational adjustments and market expansion[151]. - The company has developed a new electronic voucher service system based on the Nuwa platform, aimed at enhancing financial management for large state-owned enterprises[81]. Employee Management - The total number of employees at the end of the reporting period is 3,253, with 2,486 being technical personnel, representing 76.4% of the workforce[148]. - The total employee compensation during the reporting period amounted to 868.46 million yuan, with 20.98% of the total operating costs attributed to employee compensation[149]. - The company has established a three-phase incentive ecosystem, combining short, medium, and long-term incentives to motivate employees[149]. - The company has implemented a stock incentive plan for 2024, which includes performance assessment criteria for the incentive recipients[146]. Legal and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[186]. - There were no violations of external guarantees during the reporting period[187]. - The company has committed to not engaging in any competitive activities that could conflict with its business interests[184]. - The company is actively pursuing legal avenues to protect its rights in light of ongoing litigation uncertainties[185]. Digital Transformation Initiatives - The company launched the new generation large model application management platform, Nuwa GPT, which integrates natural language processing and big data analysis capabilities[31]. - The company developed a new generation financial asset management platform, integrating asset management into a unified budget management system[34]. - The company achieved 100% coverage in internal control report quality audits for 610,000 units using AI large model capabilities[38]. - The company is enhancing data security capabilities within its platforms, focusing on system, data, development, and operational security[30]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the year[5]. - A strategic acquisition of a tech startup was completed, which is projected to enhance the company's technological capabilities and add 30 million in annual revenue[6]. - The company plans to implement a new customer engagement strategy aimed at improving retention rates by 15%[8].