According to the Zhitong Finance App, Shenzhou Holdings (00861) announced the results for the year ended December 31, 2023. The company's main business maintained healthy development, with overall operating income of 18.277 billion yuan, up 3% year on year; net profit from adjusted main business was 301 million yuan, up 38% year on year; net cash from operating activities was 746 million yuan, up 42% year on year. In addition, the company has sufficient orders, and newly signed projects amounted to 15.872 billion yuan, an increase of 22% over the previous year; it has signed and unsold 8.288 billion yuan, an increase of 26% over the previous year, laying a solid foundation for the long-term and sustainable development of the company's business. The company continues to pay dividends to shareholders, and plans to pay a dividend of HK6.0 cents per common share in the final period.

The Group continues to focus on big data and artificial intelligence strategies, and its main business has achieved fruitful results. Compared with the previous year, big data business revenue achieved strong growth of 30.07%. In the dynamic field of artificial intelligence (AI), the Group has maintained a long-term close cooperative relationship with Nvidia, successfully deployed AI intelligence centers as an elite partner of its DGXAI computing system, and won several tenders for large-scale projects worth 100 million yuan.

During the reporting period, revenue from big data products and solutions was $3.172 billion, up 30% year on year, with a compound growth rate of 28% in the past three years; new contracts of 4.645 billion yuan, up 26% year on year; signed and unsold of 2,255 billion yuan, up 17% year on year. Driven by the healthy and rapid development of the big data business, the company's overall business structure has been further optimized. In the past three years, the revenue share of big data products and solutions has increased from 11% to 17%, and the gross profit share has increased from 22% to 35%. After deducting research and development costs, amortization of intangible assets and impairment of goodwill, the segment's results were a profit of 559 million yuan, an increase of 14% over the previous year.

In addition, the company continues to increase R&D investment integrating industry, education, research and use to enhance the core competitiveness of technology. During the reporting period, R&D expenses for big data products and solutions were 486 million yuan, an increase of 6% over the previous year. The compound growth rate in the past three years was 8%, and the segmented R&D rate reached 15%. By the end of 2023, the company had a total of 2,787 intellectual property rights such as software copyrights and patents, an increase of 189 items over the same period last year; the company led or compiled a total of 128 standards in various countries and industries, of which 76 have been distributed and 52 are under research. Through cutting-edge perspectives, professional opinions and innovative practices, it continues to empower the acceleration of digital intelligence transformation and leading industrial development.