Zhongke Jiangnan (301153)
A total of one company made an inquiry in this period. On April 27 (Wednesday), the GEM listed company "Zhongke Jiangnan" will make an inquiry.
Zhongke Jiangnan (301153): the company is a leading supplier of intelligent financial comprehensive solutions in China; Based on the relevant technologies of electronic treasury payment and based on the construction of financial informatization, the company provides electronic payment solutions, integrated financial budget management solutions, financial service platform and operation and maintenance services for financial departments, financial institutions and administrative institutions at all levels. From 2019 to 2021, the company achieved operating revenue of RMB 393 million / RMB 587 million / RMB 738 million respectively, yoy was 38.33% / 49.23% / 25.72%, and the compound annual growth rate of operating revenue in the three years was 37.42%; The net profit attributable to the parent company was 71 million yuan / 125 million yuan / 156 million yuan, yoy was 42.88% / 75.17% / 25.20%, and the compound annual growth rate of the net profit attributable to the parent company in three years was 46.33%. According to the preliminary prediction of the company, the net profit attributable to the parent company in 2022q1 is expected to be -3.5 million yuan to 1.5 million yuan, and the net profit attributable to the parent company in 2022h1 is expected to increase by - 12.84% to 25.89% year-on-year.
Investment highlights: 1. The company continues to deepen the construction of financial informatization and become a representative enterprise in the field of financial informatization in China. Benefiting from the relative stability of China's financial system construction and the stable operation and maintenance income brought by the accumulated business in the historical period, the company can develop continuously and steadily. The company has been deeply involved in the financial information industry for many years and is one of the few national financial information construction service providers in China; Among them, in the field of electronic payment solutions, the company is the only bid winner of the "electronic voucher security support control upgrading project" determined by the Ministry of finance through bidding, and is the main participant in the electronic payment standard of treasury funds of the people's Bank of China and the Ministry of finance; In the field of integrated financial budget management solutions, as a member of the technical standard formulation team of the Ministry of finance, the company has participated in the formulation of standard documents such as the specification for integrated budget management and the technical standard for integrated budget management system. As of June 2021, the company has participated in the construction of 10 provincial integrated financial budget management systems in China and is a representative supplier of integrated financial budget management solutions. 2. The promulgation of the new policy of financial budget management integration in 2019 is expected to bring incremental market demand to China's financial informatization construction; Up to now, the construction of China's financial budget integration system is still in competitive development, or it is expected to boost the company's performance growth space in recent years. In 2019, the Ministry of Finance issued the new policy of financial budget management integration and the implementation of the new government accounting system, which has brought obvious new and upgrading needs to the construction of China's financial information system; At the same time, in 2020, according to the new deal, the Ministry of finance also issued the specification for the integration of budget management and the technical standard for the integration of budget management system for the first time, which unified the business specifications and technical standards for the construction of a new round of financial information system. The corresponding products and services in the market are still developing.
Comparison of Listed Companies in the same industry: comparable companies in the same industry in Zhongke Jiangnan mainly include Fujian Boss Software Corp(300525) , Yonyou Network Technology Co.Ltd(600588) , etc; It is relatively similar to the company's business line. If Fujian Boss Software Corp(300525) is compared, the company's revenue scale in 2021 will be significantly lower than Fujian Boss Software Corp(300525) , and the gross profit margin of sales will be slightly lower than Fujian Boss Software Corp(300525) ; Currently, Fujian Boss Software Corp(300525) latest pe-ttm is 32.3x.
Risk tips: companies that have started the inquiry process may still be unable to be listed for special reasons, the company's content is mainly based on the contents of the prospectus and other public materials, there is a risk that the selection of Listed Companies in the same industry is not accurate, there may be interpretation deviation in the selection of content data, and the risks of specific listed companies are displayed in the text, etc.
