Yonyou Network Technology Co.Ltd(600588) ( Yonyou Network Technology Co.Ltd(600588) ) disclosed the 2021 annual report on the evening of March 18. In 2021, the company achieved an operating revenue of 8.93 billion yuan, a year-on-year increase of 4.7%. Among them, the revenue from cloud service business reached 5.32 billion yuan, a year-on-year increase of 55.5%, accounting for 61.6% of the revenue from cloud service and software business; The subscription arr (annual recurring revenue) of cloud service business reached 1.65 billion yuan, and the contract liabilities related to cloud subscription increased by 79.0% year-on-year. The company plans to distribute a cash dividend of 1 yuan (including tax) to all shareholders for every 10 shares.
Yonyou Network Technology Co.Ltd(600588) said that the company firmly promoted business transformation and structural adjustment, and the company’s business income achieved a structural breakthrough of better quality. The company has successively stripped off financial service businesses such as Beijing changjietong Payment Technology Co., Ltd. and Shenzhen Qianhai UFIDA Lihe Financial Services Co., Ltd., actively contracted software business, accelerated the transformation strategy to cloud service, structurally enhanced subscription business, and gradually promoted the implementation of delivery and subcontracting outsourcing.
The financial report shows that the company continues to build and operate UFIDA BiP, the world’s leading business innovation platform, increase R & D investment, and enhance the platform capability and core application capability of cloud service products. During the reporting period, the company invested 2.35 billion yuan in R & D, a year-on-year increase of 40.7%, and the proportion of R & D investment in revenue was 26.4%.
During the reporting period, Yonyou Network Technology Co.Ltd(600588) made many breakthroughs in cloud technology, cloud platform, self-developed engine and other fields. The company pioneered YKS and YMS cloud middleware technology to achieve a breakthrough in multi data center and cross cloud technology; Initiate the rapid exclusive and private deployment technology of public cloud, realize a set of code engineering system, and effectively support the agile iterative innovation of large enterprises; UFIDA BiP PAAS cloud platform IUAP has covered 10 fields and built more than 2300 enterprise service application models; The company’s self-developed multi-dimensional data engine based on memory computing core realizes 100% independent, safe and controllable, and supports real-time consolidation of multi criteria, multi currency and main schedules under the scale of 100 billion data. At present, the company has more than 380 patents and more than 430 software copyrights.
According to Gartner’s research, Yonyou Network Technology Co.Ltd(600588) is the only Asia Pacific manufacturer among the top 10 global enterprise application software (ERP), ranking first in the global ERP SaaS market, and the only Chinese manufacturer selected into Gartner’s global cloud ERP market guide and comprehensive human resources service market. Meanwhile, IDC data shows that the company continues to lead the Chinese enterprise cloud service market, with the first market share of application platform cloud service apaas and enterprise application SaaS in China.
