On March 18, Yonyou Network Technology Co.Ltd(600588) (hereinafter referred to as ” Yonyou Network Technology Co.Ltd(600588) “, code: Yonyou Network Technology Co.Ltd(600588) ) disclosed the 2021 annual report. In 2021, the company achieved an operating revenue of 8.93 billion yuan, including 5.32 billion yuan from cloud service business, with a year-on-year increase of 55.5%, accounting for 61.6% of the revenue from cloud service and software business; The subscription arr of cloud service business reached 1.65 billion yuan, and the contract liabilities related to cloud subscription increased by 79.0% year-on-year.
In terms of R & D, during the reporting period, the company invested 2.35 billion yuan in R & D, a year-on-year increase of 40.7%, and the R & D investment accounted for 26.4% of revenue. At present, the company has more than 380 patents and more than 430 software copyrights.
In terms of various markets, the company actively seizes the historical opportunities of digital intelligence and localization of Xinchuang in the large enterprise market, and continues to consolidate its absolute leading position. During the reporting period, the company achieved cloud service revenue of 3.73 billion yuan for large enterprises, with a year-on-year increase of 45.4%; The renewal rate of large customers of the company’s cloud service business reached 103%, and the amount of large orders of more than 5 million yuan increased by 45% year-on-year. Some customers signed contracts of more than 100 million yuan.
In the medium-sized enterprise market, the company has diversified its layout through yonsuite, u9c and u8c products to meet the different needs of customers. The scale of customers has achieved an order of magnitude breakthrough, and the revenue of cloud service business has increased by 150.3% year-on-year.
In the small and micro enterprise market, the company firmly implemented the strategy of giving priority to cloud service business and subscription, and comprehensively promoted the development of cloud service business. The revenue of cloud service business reached 590 million yuan, a year-on-year increase of 111.2%; The number of new paying enterprise users of cloud service business reached 180000, an increase of 201% over the previous year, maintaining absolute leadership in the field of Finance and taxation cloud services for small and micro enterprises, and ranking first in market coverage. (reporter / Xiang Yantao)
