Exclusive interview with Yusys Technologies Co.Ltd(300674) Shen Bo: we will increase research in the field of digital RMB, and the information innovation business is expected to maintain high growth in the next three years

As a leading enterprise in the field of financial IT services, Yusys Technologies Co.Ltd(300674) (300674) has attracted the attention of institutional investors recently. According to wind data, less than a month into 2022, Yusys Technologies Co.Ltd(300674) received three institutional surveys, with a total of 141 institutional investors participating.

So why can Yusys Technologies Co.Ltd(300674) attract institutional investors? What is the development of the company’s business in Xinchuang? What is the latest progress in cooperation with Huawei and Tencent? What is the layout of the company in terms of digital RMB? In this regard, the reporter of securities times · e company interviewed Shen Bo, vice president of Yusys Technologies Co.Ltd(300674) and general manager of R & D center.

broad prospects of information and innovation industry

Since 2020, under the guidance of the top-level system, China’s financial information and innovation industry has developed rapidly. In the 2021 semi annual report, Yusys Technologies Co.Ltd(300674) said frankly that we should seize the opportunity of the acceleration of credit innovation in the financial industry, make use of the advantages of the company’s industrial solutions and channels, step up the construction of Yusys Technologies Co.Ltd(300674) credit innovation ecological partner system and integrate it into the credit innovation ecology.

So, Yusys Technologies Co.Ltd(300674) what are the latest developments in the layout of Xinchuang, and will it become the next growth point of the company’s profits?

In this regard, Shen Bo told reporters that in 2021, the company closely followed the trend of information innovation policy and actively joined the relevant information innovation institutions and organizations of the regulatory authorities. “Our credit and data center has participated in the construction and verification of typical business scenarios of Xinchuang in the golden electricity Laboratory of the people’s Bank of China. Our unified development platform has also passed the evaluation of the first batch of financial Xinchuang micro service middleware of the Ministry of industry and information technology, and our data asset management platform has obtained the authoritative certification of the information technology institute. At present, the company has completed more than 100 Xinchuang product adaptation certification and helped Helped dozens of customers to complete the second batch of financial information innovation scheme declaration. As a participant in the whole scenario of bank credit innovation, Yusys Technologies Co.Ltd(300674) participated in the technical verification and pilot project implementation of more than 20 subdivided credit innovation scenarios in the past year.

On the other hand, the rapid development of financial technology has expanded Yusys Technologies Co.Ltd(300674) cooperation space with Huawei, Tencent and other partners. “Huawei’s Kunpeng server, Gauss database, Huawei cloud, Huawei fusion data lake, Tencent’s tdsql database and other basic technology products, related application system transformation, integration and agent business will bring great growth to Yusys Technologies Co.Ltd(300674) . It can be predicted that Yusys Technologies Co.Ltd(300674) will maintain high performance growth in these business directions in the next three years.” Shen Bo revealed.

In recent years, Yusys Technologies Co.Ltd(300674) has cooperated with Baidu, Huawei, Tencent and other giants, and the progress of cooperation between the company and these giants has attracted much attention.

Shen Bo told reporters that Baidu is a strategic shareholder of Yusys Technologies Co.Ltd(300674) , Yusys Technologies Co.Ltd(300674) with the help of Baidu’s artificial intelligence ability, it has created an overall solution for intelligent customer service, digital man solution and intelligent credit solution, and upgraded Yuxin financial cloud based on Baidu cloud platform technology.

“2021 is Yusys Technologies Co.Ltd(300674) In the year of comprehensive cooperation with Tencent, the cooperation between the two sides mainly focused on the joint solution based on Tencent tdsql domestic database and the joint solution of mobile banking based on Tencent cloud mobile financial development platform TMF. In addition, another focus of cooperation with Tencent is the joint development of the Southeast Asian market. At present, the two sides have implemented projects, and there are still many potential opportunities for continuous follow-up. “

In terms of cooperation with Huawei, Shen Bo revealed that the cooperation between the two sides in the construction of private cloud output has been quite mature, and there are follow-up cases, including the pilot project of creating a “Hongmeng payment” scenario for a credit card of a large state-owned bank, “The cooperation and docking between the two sides have also expanded from Huawei’s financial system department to Huawei’s local representative offices, and reached cooperation and expansion intentions on some major projects. In the future, channel products will further integrate with Huawei Hongmeng ecology, and carry out product pre research and market development in mobile banking, payment and other scenarios.”

increase research in the field of digital RMB

At present, the digital RMB app has been put on major application platforms, and the large-scale pilot during the Winter Olympic Games is also expected to become a new opportunity to comprehensively promote digital RMB. As a leading enterprise in the field of financial IT services, Yusys Technologies Co.Ltd(300674) how will it benefit? What is the latest layout of the company?

In Shen Bo’s view, digital RMB involves the transformation and upgrading of all aspects of the banking system to support the development of relevant businesses. “First, with the issuance of digital RMB, the application and promotion of payment scenarios related to Yusys Technologies Co.Ltd(300674) channel product line will bring a lot of new business opportunities. Second, new changes will occur in credit business, which will also drive the demand space of Yusys Technologies Co.Ltd(300674) advantageous credit products. Third, bank data asset management will bring more data business, which will also bring Yusys Technologies Co.Ltd(300674) New data products bring more opportunities. Fourth, the issuance and use of digital RMB will bring new regulatory challenges and requirements, and Yusys Technologies Co.Ltd(300674) is expected to further expand the market share of regulatory products. “

\u3000\u3000“ Yusys Technologies Co.Ltd(300674) It has its own unique advantages in the direction of digital RMB, including the company’s deep participation in the digital RMB operation and construction of several large banks, and has begun to help several small and medium-sized banks provide solutions at the access end and payment end. The layout and first mover advantage in this field can provide very good business opportunities and application scenarios. Secondly, the company’s rich product line is easy to precipitate more opportunities for digital RMB cooperation. In 2022, the company will further integrate resources and increase the scheme research and product research and development of digital RMB in all business lines, so as to lay a good foundation for subsequent market development. ” Shen Bo said.

focus on overseas market opportunities

Yusys Technologies Co.Ltd(300674) was founded in 2006. The company is mainly engaged in providing information services to financial institutions dominated by banks, including consulting, software products, software development and implementation, operation and maintenance, system integration and so on. In recent years, Yusys Technologies Co.Ltd(300674) has continued to increase R & D investment. In the first three quarters of 2021, the company’s R & D expenses increased by 54.58% year-on-year.

From the perspective of technology, Shen Bo believes that Yusys Technologies Co.Ltd(300674) vertical dimension builds a unified technology base supporting all business products from IAAs layer to PAAS layer, including the technology base of information innovation system, distributed technology base, unified front-end architecture and mobile architecture; From the horizontal dimension, the company has built a system through the chimney, adopting the medium platform concept and domain modeling methodology to create a product system that can be disassembled and combined.

“In recent two years, Yusys Technologies Co.Ltd(300674) The continuous investment in R & D has gradually shown its value. Through vertical technology accumulation, the company’s technology platform capability has a competitive advantage; Through the product-based assembly of horizontal business capabilities, we have not only maintained the strong competitiveness of our main product lines, but also expanded the coverage of single customers, and the share of single customers has increased significantly. ” Shen Bo said, “from the perspective of business dimension, Yusys Technologies Co.Ltd(300674) has continuously released data in the past two years, such as medium and Taiwan product family, regulatory product family, V5 version of distributed credit, new generation mobile banking and marketing products.”

Turning to the key investment direction in the future, Shen Bo revealed that in 2022, Yusys Technologies Co.Ltd(300674) will also increase R & D investment, including the development and operation and maintenance integration platform based on cloud, the data exchange and data service platform based on privacy computing, and the building of intelligent credit, green credit and supply chain financial product system based on artificial intelligence technology and blockchain technology, And deepen cooperation with Tencent, build a new generation of mobile banking and marketing service system, and focus on overseas market opportunities.

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