SERVYOU(603171) 金融界·2025-04-18 00:20Core Insights - Taxfriend Co., Ltd. reported a total operating revenue of 1.945 billion yuan for 2024, representing a year-on-year growth of 6.38%, with a net profit attributable to shareholders of 113 million yuan, up 35.01% year-on-year [1] - The company aims to transform the financial and tax service industry through a three-pronged approach of "artificial intelligence + scenario implementation + ecological collaboration" [1] Group 1: Smart Taxation Business - The smart taxation business, centered around the "Yiqiying" brand, achieved operating revenue of 1.177 billion yuan, a year-on-year increase of 8.46%, with a net profit of 249 million yuan, up 1.60% [4] - Compliance tax optimization products are the main growth driver, with subscription revenue from these products accounting for 19.9% of the total [4] - The number of paid users for basic compliance products reached 112,741, while advanced compliance products had nearly 2,000 paid users [4] Group 2: Digital Government Business - The digital government business generated operating revenue of 763 million yuan, a year-on-year growth of 3.37%, but reported a net loss of 136 million yuan, although this was a reduction in losses by 26.54 million yuan compared to the previous year [5] - The company focused on high-margin data service products to improve operational efficiency, yet challenges remain regarding profitability [5] Group 3: Technological Innovation and Ecological Collaboration - The company made significant advancements in technological innovation, with its self-developed "Xiyou" AI model receiving national algorithm registration [7] - The "Xiyou" AI platform has created various applications to enhance efficiency and service quality in financial and tax scenarios [7] - The "Lianying Cloud" platform has partnered with 12 stores, providing financial and tax service management to 12,000 enterprises [7] Group 4: Overall Performance and Challenges - Taxfriend Co., Ltd. achieved notable performance growth in smart taxation and digital government sectors through technological innovation and business model transformation [8] - However, the ongoing losses in the digital government business and cost pressures in the smart taxation business remain critical issues that the company needs to address [8]