On March 30, 2022, Yusys Technologies Co.Ltd(300674) ( Yusys Technologies Co.Ltd(300674) ) issued the 2021 annual report. According to the report, in 2021, Yusys Technologies Co.Ltd(300674) annual operating income was 3.726 billion yuan, up 24.97% year-on-year. After deducting non recurring profits and losses and excluding share based payment expenses, the net profit attributable to the parent company was 469 million yuan, up 22.03% year-on-year.
core product line advantages continue to expand and the industry position is stable
In 2021, the company’s software business achieved a revenue of 2.86 billion yuan, a year-on-year increase of 28.16%, in which the competitive advantages of credit, data, supervision and channel product lines were further highlighted. In the company’s data, China Taiwan product system is widely used in the banking market. It has successively obtained large cases in the customer fields such as policy banks, large state-owned banks, joint-stock banks, urban commercial banks, rural credit and rural commercial banks, and the market share and reputation continue to rise. At the same time, the company has formed a strong demonstration effect in the non bank field.
In the regulatory product line, the company’s customers have covered all types of mainstream banks and non bank institutions in China, especially in policy banks, large state-owned banks and joint-stock banks. At the same time, the company has deeply strengthened cooperation with CCB Jinke. The two sides have worked together to deeply supervise the professional track of science and technology, and enable the supervision of digital transformation and high-quality development with innovative science and technology.
In the channel product line, the company has completed the layout of medium and Taiwan product system in the enabling business of “technology + business”, and has made positive progress in both retail and corporate business markets. In terms of retail business market, the company focuses on the whole series of mobile banking products, creates differentiated product competitive advantages with the systematic scheme of “function + scene + digital operation”, quickly opens the market and realizes the accumulation of rich project cases.
In addition, the company also actively expands the new business format of strategic consulting. In 2021, the company made full efforts to cover the “one-stop” strategic consulting service market from design to implementation, such as strategy, business, risk control and system, successively won a number of industry benchmark projects including digital credit, digital risk control, Basel compliance, model verification and governance, and won a number of head financial customers.
In terms of overseas business direction, following Singapore and Indonesia, the company has achieved zero breakthrough in the Cambodian market, and the pilot implementation of network transformation products, channel products, data products and Devops products has been realized. At the same time, the company has built an industrial ecosystem with Chinese funded enterprises and local enterprises in Southeast Asia, and cooperated to enable the digital transformation and development of overseas financial institutions. During the reporting period, the company launched two innovative operation projects in the Indonesian market, which further verified that the joint operation business model has great market potential overseas.
innovative operation business layout is in full bloom with strong growth momentum
The layout began in 2018. After several years of development, the innovative operation business has become the second largest growth engine of Yusys Technologies Co.Ltd(300674) . In 2021, Yusys Technologies Co.Ltd(300674) innovative operation business achieved a revenue of 164 million yuan, with a year-on-year increase of 46.49%.
During the reporting period, Yuxin financial cloud continued to lead China’s financial cloud application solution market, realizing the comprehensive upgrading of technology platform and application scenario services. On the one hand, Yuxin financial cloud has completed the technical architecture migration based on Baidu public cloud, realized the intelligent upgrading of “cloud capability”, and laid the foundation for subsequent development. On the other hand, focusing on small and medium-sized financial institutions, Yuxin financial cloud continues to improve SaaS application scenario services and consolidate its core competitiveness in the industry. The company successively won two joint-stock banks’ Xinchuang cloud construction projects.
In 2021, the company also made great achievements in the expansion of new business scenarios. It not only cooperated with three banks with large scale and large business impact in the field of inclusive business, but also maintained a stable cooperative relationship with relevant partners in the supply chain financial business.
enhance the driving force of innovation and build a new growth pole
In 2021, the company invested 435 million yuan in R & D, a year-on-year increase of 38.72%, reaching a new record. In addition, Yusys Technologies Co.Ltd(300674) also actively promoted strategic cooperation with China’s leading basic software and hardware manufacturers, and actively expanded the ecosystem to accumulate new growth momentum. During the reporting period, Yusys Technologies Co.Ltd(300674) joined Baidu intelligent cloud to accelerate the landing of products. The two sides focused on AI medium platform and intelligent customer service, and opened up the market situation with digital intelligence competitive advantage through joint product research and development. The first cooperation project between the two sides in the field of artificial intelligence has been successfully launched.
In 2021, Yusys Technologies Co.Ltd(300674) and Tencent started comprehensive strategic cooperation, and the two sides jointly created multiple joint solutions. Among them, the joint solution based on Tencent tdsql domestic database has won many benchmark financial technology cases; The mobile banking joint solution based on Tencent cloud mobile financial development platform TMF has successfully entered the Chinese and foreign markets and won a number of projects; The financial data medium platform solution jointly created by the two sides has been successively implemented in two large agricultural and commercial banks.
In terms of cooperation with Huawei, the two sides have gradually deepened their cooperation and jointly carried out exploration and practice based on private cloud, database and other projects in the national financial market. At the same time, Yusys Technologies Co.Ltd(300674) mobile banking and mobile financial development platform are actively integrating into Hongmeng ecology.
