\u3000\u30 Zhongyan Technology Co.Ltd(003001) 68 Wonders Information Co.Ltd(300168) )
The net profit attributable to the parent company increased significantly, and the company’s performance continued to improve Wonders Information Co.Ltd(300168) released the annual report of 2021 and the first quarterly report of 2022 on April 28. The company achieved an operating revenue of 3.513 billion yuan in 2021, a year-on-year increase of 16.78%; The net profit attributable to the shareholders of the listed company was 692416 million yuan, a year-on-year increase of 105.36%; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 8.5131 million yuan, a year-on-year increase of 100.62%; The basic earnings per share is 0.06 yuan; The company internally optimizes the internal management system and strengthens the fine management of the project, which has achieved initial results. It is expected to continuously improve the overall operation capacity and steadily improve the profit level.
The company achieved an operating revenue of 817 million yuan in Q1 of 2022, a year-on-year decrease of 1.89%; The net profit attributable to the shareholders of the listed company was 133818 million yuan, a year-on-year increase of 214.11%; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 166300 yuan, with a year-on-year increase of 102.57%; The basic earnings per share is 0.0113 yuan.
Empowering the transformation and upgrading of traditional industries and covering the whole line of intelligent health care. As an important traditional business segment in the company’s “3 + 2” structure, smart medical and health has formed a full range of products and solutions covering medical security, drug management, regional health, public health, medical services and other fields after more than 20 years of development. At present, smart medical and health services have covered more than 30 provinces / autonomous regions / municipalities directly under the central government, more than 120 prefectures and cities, more than 1000 districts and counties, involving more than 200 secondary and tertiary medical institutions, more than 1500 community health service centers and township health centers, and more than 10000 community (Village) clinics (stations), providing health and medical insurance services to more than 600 million people.
Among them, as the leader of smart health, the company goes deep into the front line of anti epidemic and explores the needs of public health. By the end of 2021, the company had focused on ensuring and supporting the safe, orderly and efficient operation of epidemic prevention and control applications in more than 20 provinces and cities, responded to the emergency needs of epidemic prevention and control data exchange and data governance of customers above 100 prefectures and cities, helped combat the epidemic and supported the normalization of epidemic prevention and control.
Secondly, in terms of public wisdom medical insurance / pharmaceutical business, the company focused on promoting the market layout in three areas: medical insurance standard informatization, payment system reform and service provider treasure: by the end of 2021, the company provided services to dip business projects in 15 cities including Guangzhou, Shanghai, Weifang and Yingkou, with a leading market share.
The demand for health management business continues to rise, and the number of registered users continues to grow. According to the needs of epidemic prevention and control situation, the company’s health cloud quickly launched the “three links” of intelligent epidemic prevention – verification, health and vaccination. Health cloud has steadily promoted the construction of Internet community hospitals. At present, 72 Internet communities are connected. Actively promote the construction of Internet hospitals around both doctors and patients. Based on the smart Internet hospital in the Yangtze River Delta (Shanghai), it has established seven municipal class III hospitals, radiating 12 community health service centers and 12 village clinics (stations). Manniu health focuses on the two wheel drive strategy of “health management + insurance technology” to upgrade Manniu health app2 0 health care version was officially launched on the application market on August 20, 2021, comprehensively improving the core functions of health management, intelligent IOT, data sharing, health consultant and so on. During the reporting period, Manniu health app2021 added 1.1366 million registered users, an increase of 168.98% month on month, and the cumulative number of registered users reached 1.544 million.
The smart government industry is booming, and benchmarking projects consolidate the position of the industry. In the field of smart government, the company has profound experience in government management and service, urban safety, people’s livelihood service, education, culture and innovation, and has participated in the formulation of a number of industry standards. As a Wonders Information Co.Ltd(300168) smart government demonstration project, the mode of “one network office” has become an integrated government service mode promoted by the state. By building a whole process integrated online government service platform, we can realize one-stop acceptance, integrated service and one network connection of government service matters, and provide users with efficient and convenient integrated government services. By the end of 2021, the “one network office” in Shanghai had connected 42 entrusted units, 16 administrative service centers, 220 street communities and more than 3000 service items. In terms of livelihood services, the company provides a series of products and personalized solutions with advanced technology, flexible deployment, safety and reliability in the fields of human resources, social security and civil affairs, and its business has covered 31 provinces in China.
Investment suggestion: with the frequent emergence of policies in China’s Medical IT industry, as a leading enterprise in medical informatization, the company has accumulated a lot of rich industry experience and many successful typical project cases. It has deep insight and understanding of the business needs and application scenarios of smart health care, smart government, ICT business, smart city, health management and other industries, and is expected to usher in new development opportunities. We predict that the operating revenue of the company from 2022 to 2024 will be 3.802, 4.191 and 4.705 billion yuan, the net profit attributable to the parent company will be 84, 105 and 121 million yuan, the EPS will be 0.07, 0.09 and 0.10 yuan / share, and the corresponding PE will be 116, 93 and 80 times, maintaining the “recommended” rating.
Risk warning: covid-19 epidemic situation is repeated; The risk of intensified industry competition; Technology cannot keep up with market changes; Risk of loss of technicians.
