① Shenzhen Fortune Trend Technology indicates that the contents of the regulatory letter do not involve disclosure and have nothing to do with the stock price on that day; it just happened to coincide. ② Shenzhen Fortune Trend Technology had increased both revenue and net income last year, while performance in the first quarter of this year slightly declined, but research and development investment increased.
On June 28th, Shenzhen Fortune Trend Technology received a regulatory letter from the Shanghai Stock Exchange regarding the listed company.
Regarding this, a reporter from the Shenzhen Fortune Trend Technology Securities Department was contacted by the reporter of the Starboards Daily. Its staff said, "The regulatory letter (content) is not within the scope of information disclosure, so it is not convenient to disclose (relevant information) at the moment."
On the market on June 28th, the financial software sector and brokerage stocks collectively plummeted, attracting widespread attention. By the close, Shenzhen Fortune Trend Technology's share price had fallen 5.16%, closing at 78.91 yuan/share.
Regarding the issue of whether the regulatory letter and the drop in stock price are related, the above-mentioned securities department personnel said, "The regulatory letter and the stock price that day are not related, it just happened to coincide. The company also received the regulatory letter after 4 p.m."
Later, the company answered investors' questions on the Shenzhen Stock Exchange Interactive Platform, stating that all aspects of its production and operation are normal and orderly and that there are no undisclosed items that should be disclosed.
Shenzhen Fortune Trend Technology is a domestic securities market trading system software and securities information service provider, with main business including software sales, maintenance services, and securities information services. It is reported that its brand "Tongdaxin" has a high profile and influence in the field of securities market trading software, and its current products and services have covered more than 90% of domestic securities institutions.
In terms of performance, in 2023, the company's revenue and net profit both increased, achieving revenue of 435 million yuan, a year-on-year increase of 35.21%; net profit attributable to the parent was 311 million yuan, a year-on-year increase of 102.35%. However, the company's first-quarter performance slipped slightly, with net profit of 50.1926 million yuan, a year-on-year decline of 10.64%.
Starboard Daily reporters noted that the company continues to expand its business layout. Among them, in order to expand the market layout of the financial securities industry, Shenzhen Fortune Trend Technology announced in October last year that it would use its own funds of 594 million yuan to acquire 33% of Fujian Xinyi Technology Co., Ltd., held by SHINE S&T. In February of this year, the company announced that it had completed the equity payment.
It is understood that Xinyi Technology products include equity management platform, centralized customer account management system, settlement task management system, etc., with customers covering Shanghai Stock Exchange, China Securities Depository and Clearing Corporation Shanghai Branch and Shenzhen Branch, China Financial Futures Exchange and many securities firms. According to incomplete statistics, about 101 financial institutions are currently using Xinyi settlement products, accounting for about 90% of the market share.
At the same time, in March of this year, Shenzhen Fortune Trend Technology announced that it had signed a "strategic cooperation agreement" with Tencent Cloud Computing (Beijing) Co., Ltd.. Based on Tencent Cloud's technology and resources and market advantages in the financial industry in cloud computing, AI models, marketing, enterprise WeChat and applets, public and private domain operations, combined with Shenzhen Fortune Trend Technology's business scenarios, the two sides will strengthen the integration of platform and application, project and research, and carry out in-depth technical and business cooperation in basic cloud resources, marketing, operation, brand cooperation and other scenarios, and explore more cooperation space together.
In terms of R&D investment, the company's total R&D investment in the first quarter was 19.5156 million yuan, a year-on-year increase of 17.76%. R&D investment accounted for 27.47% of revenue, an increase of 2.01 percentage points year-on-year.
Shenzhen Fortune Trend Technology stated during the Q4 investigation last year that it will fully participate in the financial database market by 2024. At the same time, AI is also the company's future key investment direction. "The company needs more solutions, so we are cooperating with commercial institutions and universities in addition to self-developed AI models. For large models, we cooperate with commercial institutions and for small models, we cooperate with universities."