Securities code: 300674 securities abbreviation: Yusys Technologies Co.Ltd(300674) Yusys Technologies Co.Ltd(300674)
Record of investor relations activities
No.: 2022-001
Investor relations activities □ specific object research □ analyst meeting □ media interview
Category □ performance presentation □ press conference □ Roadshow
□ site visit \uf0fe others
Organization name organization name
China International Capital Corporation Limited(601995) Chen Xingyu Guotai Junan Securities Co.Ltd(601211) Huang Xinghui
China International Capital Corporation Limited(601995) Wei stork Fei Guohua life insurance Wang Xiao
China International Capital Corporation Limited(601995) Liu Lihan Hongliu invests in Jin Chaohui
Harvest Fund Dingli Huagui life insurance Qian Ning
Jingshun Great Wall Jiang Leihua shihaorui assets Qian Weichen
BAM Camille Huashi Haorui assets Deng Xiaoguo
Beijing Hongdao investor Yunlong Huashi Haorui assets Wang Changhua
Caixin securities Xiao Zhiying Huatai assets Zheng Jinzhen
Everbright Securities Company Limited(601788) asset management Li Xingjie, Junfeng capital Chen Li
Guodu securities Jiang Xinyue Shaoxia capital Zhou Yi
Hongyi Yuanyuan Wang Chenglu Weixing Asset Management Yang Kehua
Shandong Guohui fund Xu Qingrui Xinhua asset management Chen Chaoyang
Name of participant and Lu Shijie of Shanghai Chunda asset management Li Zhuqing Xingquan fund
Personnel name: Shanghai Dehui Liang Tianqi China Industrial Securities Co.Ltd(601377) Wang Zhen
Shanghai Qiusheng asset management Lei Chushan, Yi Fangda, Jin Ming
Shanghai Tongyuan investment Gu Xi Yingke capital Li Zhuoyuan
Shanghai Yongjin investment Wang Kai Yingke capital Li Jiajun
Shanghai Yude Feng Chao Yingke capital Li Peng
Xue Xiang, son of Shanghai Yude Cai Jianjun Bank Of Hangzhou Co.Ltd(600926) financial management
department
Shanghai Yude Wang Liang Zhejiang Zheshang Securities Co.Ltd(601878) asset management Tang Guangying
Fidelity Funds-
Yi’an capital Wu Xiaochen Asia Pacific Huang Ying
Dividend
Yongjin investment Wang Kai lakefront global Tang bin
Macro Fund
Zhongtai Securities Co.Ltd(600918) Li Rongqing, Neuberger Berman, Zheng Linfei
Time: 16:00-17:00, January 9, 2022
Location and form: Beijing; Mr. Dai Shiping, director, chief financial officer and Secretary of the board of directors of the receptionist of the teleconference listed company
Member name: Ms. Zhou fan, director of Securities Department
1、 Review of the company in 2021 and business outlook in 2022:
Mr. Dai Shiping, the company’s director, chief financial officer and Secretary of the board of directors, summarized and prospected the company’s business development:
2021 is the third complete fiscal year since Yusys Technologies Co.Ltd(300674) was listed. Through the joint efforts of all Yuxin people, we have actively seized and grasped the opportunities in the wave of digital transformation, industry information innovation and business innovation to ensure the double growth of the company’s revenue and profit in 2021.
First, Yusys Technologies Co.Ltd(300674) vigorously promote business cooperation with ecological partners such as Baidu, Huawei, Tencent and many database manufacturers, including: further deepen cooperation with Baidu in the fields of financial cloud, artificial intelligence and big data analysis; Select the southwest region as a pilot to jointly develop the regional financial technology market with Huawei; Signed a strategic cooperation agreement with Tencent to jointly promote the digitization of the financial industry and upgrade the level of investor relations activities in domestic and foreign markets.
Second, increase R & D investment. The company has launched a number of new generation intelligent software products with distributed architecture that meet the requirements of Xinchuang, such as data middle office, supervision middle office and credit full business. The overall data products have obtained the authoritative certification of the Institute of information and communications; The unified development platform of distributed architecture has been recognized by many customers and has become a bank wide development platform, which has laid a very good foundation for the company’s subsequent business expansion; And credit products also won the most important big orders in the industry that year.
Third, in terms of innovative operation business, we also have many measures in 2021. In the personal online loan business line based on consumption scenario, on the premise of strictly abiding by the new online loan regulations, it actively sought a new cooperation mode of online loan business, expanded two new customers last year, and the business continued to maintain stable growth. In terms of technology operation, while expanding the business of existing customers, we have made great efforts to expand new customers. At the same time, we also tried to develop more business scenarios in 2021. In the supply chain financial business, insurance platform operation and channel operation scenarios, we signed with ecological partners
Several financial institutions. With the innovation attempts and achievements in the past five years, we are full of confidence in the development of innovative operation business, which will significantly promote the per capita income and net profit margin of the company.
Fourth, in overseas markets, we have made great efforts to overcome the impact of the epidemic. We have made good progress in Singapore, Indonesia, Malaysia and Cambodia, so that Yusys Technologies Co.Ltd(300674) network transformation products, channel products, data products and Devops products have the opportunity to pilot land in overseas markets. The two innovative operation businesses in Indonesia are also advancing step by step. The first customer launched in the second quarter of last year is progressing smoothly, and it is planned to officially launch to the whole market in mid January. The second project is expected to be launched in the first quarter of 2022, The successful launch of these two projects also proves that our innovative operation business also has great market potential in overseas markets. Although the overseas market expansion in the past two years has been affected by the epidemic, the achievements have fully reflected the multi product advantages and innovation advantages of Yusys Technologies Co.Ltd(300674) . We believe that the overseas market will be a new growth point of Yusys Technologies Co.Ltd(300674) in the future.
Looking forward to 2022, the people’s Bank of China released the financial science and technology development plan on January 4, which defined the overall idea, development objectives, key tasks and implementation guarantee of financial digital transformation, and strengthened our confidence and policy support in taking information innovation and innovation as the theme of 2022.
In terms of information innovation, since the information innovation of major financial institutions made relatively smooth progress last year, various business systems, including core, data, credit and database, have participated in many successful cases of information innovation. We believe that Xinchuang will bring sustained high vision to the industry this year and next year, and more business opportunities have been seen in Yusys Technologies Co.Ltd(300674) integration business and various product lines. We also hope to refine the information innovation capability of the past few years into services as products to help promote the progress of information innovation in the industry. We believe that this year’s integration business and software business will also continue the growth momentum in 2021. At the same time, the gross profit margin of the two businesses is expected to stabilize.
In terms of innovative operation business, we will continue to make efforts in digital credit to develop new customers, develop old businesses of old customers and expand new businesses; Operate in channels
In terms of business, based on the layout last year, we hope to run several business scenarios with stable growth prospects this year, so as to prepare for the sustainable growth of innovative operation business in the future. The annual revenue growth is expected to continue at the level of 2021, and the gross profit margin will continue to remain at a high level, thus driving the improvement of the comprehensive gross profit margin. As the world gradually learns how to live with the epidemic, the social operation of overseas countries will slowly return to normal. The overseas market of Yusys Technologies Co.Ltd(300674) will make a breakthrough in 2022. It is expected that this year’s overseas business revenue will be several times that of 2021, and the signing amount will also see rapid growth.
It is estimated that in 2022, the growth rate of the company’s overall revenue and profit will maintain or slightly exceed the level in 2021, and the net profit margin will be improved based on last year, mainly due to the stability and improvement of comprehensive gross profit margin and the improvement of management efficiency. 2、 Q & a link: 1. The company has cooperation with Huawei, Baidu, Tencent and other companies. Can you give a detailed introduction to the business and specific conditions of cooperation, including the company’s progress in information innovation?
A: Huawei and Tencent are important ecological partners of the company. They have more in-depth cooperation and comprehensive promotion in Chinese and foreign markets. In the Chinese market, in addition to the traditional integration business, we have cooperation in multiple projects in system services, PAAS tool development, comprehensive solutions and products. Representative cooperation includes replacing the credit card core system of a joint-stock bank with Huawei cloud. We undertake integration, adaptation, application migration, development and upgrading of cloud management platform and other related work; Huawei Gauss database is used to replace the data warehouse platform based on American Tianrui company and the subsequent migration and adaptation of various data marts.
The cooperation with Tencent includes the reconstruction and upgrading of application systems on Tencent cloud, and the landing of Tencent database and mobile development platform. The above are business continuity, the subsequent revenue scale may be larger, and the contribution to the company’s revenue and profits is more obvious. The company also has the ability and opportunity to continuously export, precipitate products and services, and help more financial institutions in information innovation.
In overseas markets, our cooperation with Huawei is mainly in Digital Banking solutions and business operations, as well as the output of relatively mature products and solutions in China Xinchuang. In addition, our cooperation with Tencent includes the output of channel products on Tencent Cloud Architecture, including the operation of small loan business system, and the overall digital transformation of banks.
Yusys Technologies Co.Ltd(300674) cooperation with base manufacturers is not limited to Huawei and Tencent. The company and Baidu, headlines, Netease, and many database platform manufacturers, such as Pingkai Xingchen, Dameng, NTU GM, Zte Corporation(000063) , NPC Jincang, etc
