Main points of investment
Event
During the reporting period, the company achieved operating income of 1.3852725 billion yuan, an increase of 28.70% over the same period last year; operating profit of 133.6955 million yuan, an increase of 10.29% over the same period last year; and total profit of 151.3072 million yuan, an increase of 1.14% over the same period last year. The net profit belonging to shareholders of listed companies was 12261.34 yuan, up 1.3% from the same period last year. Net profit after deducting non-recurring profits and losses was 11202.14 yuan, an increase of 25.56%.
Self-developed software ranked first with a high growth trend, and the decline in terminal pos sales pulled down hardware revenue to negative growth.
The business income of self-research software in 2016 was 212 million yuan, an increase of 124.94 percent over the same period last year, ranking first in the growth rate of all products, and the operating income of hardware sales was 146 million yuan, a decrease of 31.33 percent over the same period last year. The main reason is that the sales volume of terminal pos of the company decreased by 53.07 percent during the reporting period. During the reporting period, the company sold 28797 terminal pos units, and the inventory of 50943 units increased by 89.83% over the previous year, creating a certain inventory pressure.
To promote the deepening of financial scene services, the "micro craftsman O2O aggregation cloud" of Shanghai Keshi, a holding subsidiary of the consumer financial technology platform company, integrates "marketing tool system", "account stored value, payment system" and "ingenuity" WeChat account. After complete SAAS, it has realized the cross-channel expansion and operation ability of multi-merchants. We have successfully signed up a number of customers, including Pudong Development Credit Card Wechat and APP, Ping an Bank APP, to provide different custom management backstage and transaction data platforms for channels and merchants.
In addition, the company invests to set up a subsidiary Hangzhou Xinyada Pan-Tai Technology Co., Ltd. In the future, the company will take it as the main body and cut into the consumer financial technology service industry by creating a complete technology platform for consumer financial technology. For banks, consumer finance companies, traditional merchants and other participants in the industrial chain of consumer finance to provide technology, scenarios, data, asset transactions of intelligent cloud platform services 1) for enterprise users (TO B), launch a full-process service supply chain financial cloud platform 2) build an industry-leading Internet special asset management platform for users of financial institutions (TO F).
Extension and endogenous parallelism, continuously adding Fintech, actively promoting the application of big data, artificial intelligence, cloud computing and blockchain technologies in the field of financial business.
During the reporting period, Xinyada Finance big data Provincial key Enterprise Research Institute was built. By giving full play to the industry advantages of years of intensive cultivation in the banking field, the core contents include financial big data basic platform, financial big data platform tool set, financial big data application system product development and promotion financial big data platform, and enhance the ability to automate modeling and extract big data problems from business scenarios. Accumulate data assets and enhance the technological competitiveness of big data with financial characteristics.
In addition, the company embedded artificial intelligence module in the risk control platform and took a stake in Harmony Cloud Technology by 10% to improve the "cloud".
Technical capabilities and 10% deepening of the application research and development of block chain will enhance the company's competitive advantage in Fintech business.
The customer base gradually expanded to pan-financial institutions, and the customer groups of bid-winning overseas market business companies mainly included banks, securities, insurance, etc., and gradually expanded to pan-financial institutions. During the reporting period, the company successfully won the bid for Rubik's Cube Financial Services, Ping an Jinke, Cheguo net and other pan-financial institutions.
In terms of overseas markets, the company won the bid for the process bank of Hong Kong Wing Lung Bank, which has accumulated experience for the further development of overseas markets.
Risk hint
Technology and product development failed to update in time, lost product competitiveness, labor costs rose too fast, and market competitive advantage declined.