Events:
Xinyada released its semi-annual report of 2016, with operating income of 516 million yuan in the first half of 16 years, an increase of 31.39 percent over the same period last year, and net profit of 65.0265 million yuan, an increase of 47.92 percent over the same period last year.
Brief comments:
Steady growth in revenue and performance: during the reporting period, the company's receivables increased significantly, mainly due to the increased market development efforts of the company and the merger of Shanghai Science and Technology Co., Ltd., resulting in year-on-year growth in IT business and environmental protection business revenue. The increase in net profit from the same period last year is mainly due to: (1) the environmental protection industry turned from losses to profits, and (2) the sales revenue of software services and software products with high gross margin increased significantly compared with the same period last year.
Fintech business grows steadily and environmental protection business turns losses into profits: in terms of products, (1) the sales revenue of self-developed software products is 38.68 million yuan, an increase of 118.20% over the same period last year, and a gross profit margin of 100%; (2) system maintenance income of 15.78 million yuan, an increase of 19.63% over the same period last year, and a gross profit margin of 100% (3) the sales revenue of hardware products was 52.08 million yuan, down 4.75% from the same period last year, and the gross profit margin was 0.21%, an increase of 0.02% over the same period last year; (4) the revenue from software services was 295 million yuan, up 31% from the same period last year, and the gross profit margin was 72.63%, down 5.08% from the same period last year; (5) the income from environmental protection products was 106 million yuan, up 38.33% from the same period last year, and the gross profit margin was 32.62%, an increase of 18.43% over the same period last year. In the first half of 2016, the company's comprehensive gross profit margin was 60.06%, an increase of 4.1 percentage points over the same period last year. From the perspective of business classification, the company's Fintech business has grown steadily, and the environmental protection business has turned from loss to profit.
Financial products continue to innovate and financial services build a platform. The company's traditional advantage business continues to maintain a leading position in the market, the company actively promotes new products and new programs, the risk management company occupies the high point of financial technology, and is the first to launch a comprehensive risk management system. integrate integrated pricing system, asset-liability system, public and retail rating system, post-loan early warning system, audit system, compliance risk management system, etc., maintain high school standard rate, and the market demand is full.
At the financial technology service level, the company is committed to creating a consumer financial IT cloud service platform for the interaction of information flow and data flow among financial institutions, merchants and users. The new micro craftsman launched the financial O2O aggregation platform under the technical craftsman, and the company funded the establishment of Hangzhou Xinyada Pan-Tai Technology Co., Ltd. after the establishment of the new company, it will provide technical services for consumer finance.
The environmental protection business is developing rapidly. Tianming Environmental Protection, a subsidiary of the company, provides integrated solutions and services for smoke and dust emission enterprises. In the first half of 16 years, Tianming Environmental Protection insisted on paying equal attention to team building and incentive mechanism, the signing of the contract was good, and the quality of the contract was generally improved, with a business income of 110 million yuan and a net profit of 10.0039 million yuan.