Chinasoft International Ltd (CFTLF)

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Chinasoft International's 2022 interim results grow against the trend, revenue exceeds 10 billion and hits a new high.

Source
https://www.chinasofti.com/news/2415.htm

August 29, 2022

In the first half of 2022, the company's performance grew against the trend, with revenue reaching 10.025 billion yuan, a year-on-year increase of 20.2%, cloud intelligence business revenue of 3.212 billion yuan, a year-on-year increase of 50.8%, and profit attributable to owners of the company increasing by 10.4% year-on-year.

In the first half of 2022, under the background of repeated domestic epidemics and changing global situations, the company responded to external changes with the power of the system, grasped the software to define the future and drive future opportunities, and continuously strengthened capacity building. Quality, valuable and meaningful business portfolio development formation. The company's cornerstone business has made steady progress, the cloud intelligence business has developed rapidly, and new businesses such as intelligent Internet of Things, enterprise application services, and intelligent vehicles have innovated and broken through in an evolutionary way, seeking new potential energy and achieving milestone breakthroughs. The company's mid-term revenue exceeded 10 billion for the first time, hitting a new high since its listing. The company has been shortlisted in Gartner's top 100 global ITS service providers for four consecutive years. This year, it ranks 80th, and the ranking continues to improve!

Deeply ploughing OpenHarmony's "black soil" - Build a win-win ecosystem for all things intelligent connection.
During the reporting period, the company joined hands with Shenzhen Kaihong Digital Industry Development Co., Ltd., adhering to the original intention of "come from open source, to open source", based on the OpenHarmony system framework, relying on the company's rich industry ecological precipitation, Based on multi-scenario intelligent services, create "industry excellence" and scenario solutions around customers. In the fields of smart transportation, digital energy, smart manufacturing, smart party and government, smart finance, smart home and other fields, the company joins hands with Shenzhen Kaihong to build an open source Hongmeng application benchmark, promote the adaptation of open source Hongmeng commercial distributions, and build a win-win open source ecosystem. Provide full-stack service support for government and enterprise customers.

During the reporting period, the company established the Intelligent Internet of Things (AIoT Initiative Group, "AIG"), with the mission of prospering Hongmeng Ecology and open source Hongmeng Ecology, based on "Kaihong OS" and its technology of Shenzhen Kaihong, and focusing on domestic replacement of AIoT Make joint innovations with key categories of leading manufacturers to break through industries and key regional markets. As a powerful tool for industry cloud, management, edge and end, the company has transformed its position advantage into a competitive advantage, aiming to become the main force in the ecological construction of open source Hongmeng and Hongmeng Zhilian, and open up the second battlefield of the company's 2C and software-hardware integrated business.

During the reporting period, the company and Shenzhen Kaihong closely followed the direction of the national science and technology development strategy, took the open source Hongmeng scenario-based innovation as the lead, focused on the development of the industrial digital economy, and joined hands with Shenzhen and Tianjin to build the city of Hongmeng, building a perfect industrial ecology, leading core technologies, The open source industry highland with rich application scenarios and strong industrial competitiveness will jointly build a new pattern of independent innovation and intelligent Internet of Things. At the same time, the company fully integrates Jiefanghao with AIoT, and has launched industrial Internet platforms in several important cities, helping ecological enterprises to connect with the open source Hongmeng system, and actively promoting the application of open source Hongmeng in thousands of industries.

Cloud intelligence business achieves another success - Become a customer's digital and intelligent transformation co-creation partner.
During the reporting period, the cloud intelligence business increased the conversion rate vertically along the path of "going to the cloud, managing the cloud, and cloud native", and built a business form of "platform + service"; horizontally, through the method of "understanding the cloud, understanding the practice, and gathering ecology", it continuously strengthened With its own advantages, it will expand its market share, and its cloud intelligence business will achieve great results, creating a non-linear growth pole. In the "IDC China Cloud Professional Service Market Insights" ranking, the two market segments of cloud migration services and cloud development services have once again topped the list, ranking TOP 2 in the "IDC third-party cloud management service market".

In 2022, The company ushered in the 5th anniversary of "Standing together through thick and thin, and coexisting on the cloud" with HUAWEI CLOUD. In the past five years, the company has closely followed the pace of the HUAWEI CLOUD team, and is determined to be the vanguard of HUAWEI CLOUD's siege. The company's HUAWEI CLOUD performance has also achieved five consecutive years. rapid growth. During the reporting period, the company and HUAWEI CLOUD added 4 joint operation innovation centers in Hebei, Zhejiang, Guangdong, and Shaanxi. So far, the number of innovation centers jointly operated by the company and HUAWEI CLOUD has reached 13, ranking first among China's third-party industrial cloud operation models.

During the reporting period, the company jointly innovated with the industry's top ICT infrastructure and smart terminal providers, and focused on digital RMB, Xinchuang and other tracks in the financial field for in-depth deployment; in the transportation field, it deepened strategic cooperation with customers such as Tianjin Port and Zhoushan Port to create Intelligent benchmark for ports and terminals; in the manufacturing field, cooperate with MCC Baosteel to create a digital scenario scheme for the steel industry. At the same time, the company also focuses on smart hospitals, smart education, construction real estate, smart mines and other fields to create comprehensive solutions, and build a solution matrix covering all scenarios of digital transformation.

During the reporting period, based on the strategic partnership of "brand, willingness, strength, and trust", the company cooperated with UFIDA, Kingdee, Anheng and other partners to empower the energy, manufacturing, high-tech and other industries with the power of ecology. Thousands of industries work together to boost the development of the digital economy. At the same time, relying on the industry's top ICT infrastructure and smart terminal providers, local governments and state-owned platforms and other super integrator channels, the company cultivates, builds and accumulates digital consulting and solution service capabilities, and continuously improves the brand influence of "digital transformation service experts". force.

Lean operation of cornerstone business - Software Factory Builds Company's Long-term Competitive Advantage.
The company continues to improve the service quality and service value of the software factory, promote the output of the software factory's lean 2.0 model capabilities, support the company to develop high-quality and large-scale market space, and build a long-term competitive advantage. During the reporting period, the company positioned the software factory as the core capability carrier, and further expanded the scope of cooperation with customers in the finance, telecommunications, Internet, high-tech, automobile and other industries.

During the period, the company seized the strategic opportunity for leapfrog development of the industry brought by the industry's top ICT infrastructure and the strategy of intelligent terminal service providers, and jointly innovated in key industries to form industry solutions with strong strategic relevance. Government affairs and other industries have landed.

During the period, the company's financial business grew steadily. In the "IDC China Banking Industry IT Solutions Market Share" ranking, Chinasoft International ranked TOP 2 in the three major areas of payment settlement, transaction banking and risk management. During the period, the company added 27 new customers including domestic and foreign banks, private banks, non-bank financial institutions and overseas financial institutions. During the period, the company actively participated in the digital RMB construction of many large state-owned banks, national joint-stock banks, city commercial banks, rural credit cooperatives and foreign banks.

During the period, the company's Internet customer business continued to develop steadily. In terms of Tencent's business, the company has launched comprehensive cooperation in business areas such as video accounts, WeChat payment, corporate WeChat, and live broadcast, and has added new business cooperation with Tencent Music and Tencent Public Welfare. The company and Alibaba have achieved more business scope expansion, and successfully entered the framework supplier sequence of multiple business lines such as Ant Digital Technology. The cooperation between the company and Baidu will continue to develop in depth, and will join hands with Baidu to build a "platform + service" ecosystem. Multiple benchmarking projects. During the reporting period, the company's cooperation with ByteDance, JD.com, and Meituan achieved rapid business growth.

During the reporting period, the company deeply cultivated operator customers and reached the first joint venture with China Mobile based on the "9 One Platform", providing China Mobile Internet of Things with integrated delivery services based on the OneNET urban Internet of Things platform. The company was shortlisted for China Mobile's DICT Integration Library Industrial Internet Sub-library, big data service scenario sub-library, carry out comprehensive cooperation in the fields of 5G + industrial Internet, DICT solutions and other fields. The company has also become a consulting business development community partner of China Mobile Digital Intelligence Technology Co., Ltd. in the fields of party and government, industrial energy, transportation, finance, big data and other industries, providing it with a package of "consulting + product + service" services.

During the reporting period, the company further expanded its business scale in the field of automotive software, and continued to expand its customers of car manufacturers. The company established cooperation with Geely Krypton, Lotus, Volvo, Lynk & Co and other manufacturers, in the fields of intelligent cockpit and assisted driving of Hezhong new energy vehicles. Achieve business breakthroughs. During the reporting period, the company added the Dongfeng Mengshi automobile project and the PATEO Internet of Vehicles project, an automobile Tier 1 manufacturer. At the same time, the company has steadily promoted business development in the fields of new-generation digital cockpit, intelligent driving, intelligent vehicle control, vehicle-machine interconnection, and new vehicle energy, focusing on customers such as Great Wall, NIO, and Elabi. The company also combines BYD's automotive intelligent technology advantages, leverages the company's industry application development experience and ecological co-construction capabilities, and helps the development and construction of the mobile terminal of BYD's intelligent network connection system.

Jiefang Hao accelerates the creation of "platform + service" digital full-service.
During the reporting period, Jiefang has accelerated the creation of a digital full-process service system based on the "platform + service" model, established a personal service model for project stewards, escorted the entire process of digital transformation of government and enterprise customers, and created differences by greatly upgrading and optimizing the whole-process service. To improve competitiveness, Jiefanghao provided full-process services to 438 government and enterprise customers in the first half of the year, involving a project value of 3.8 billion, forming a GTV with revenue of 1.62 billion. During the reporting period, Jiefang Hao further expanded the scope of urban deep cultivation. On the basis of Suzhou, Nanjing, Chongqing and Shenzhen last year, Wuhan, Changsha, Ningbo and Zhengzhou have been added to form a "4+4" urban deep-cultivation pattern. Facing the government market, Jiefanghao relies on bridgehead businesses such as political data and political mining. In the first half of the year, the whole process of service covered customers involving party and government organs, public security, medical care, education and other industries. Facing the enterprise market, Jiefanghao has achieved more than 20 industry leading customer coverage, involving core industries such as finance, energy, and vertical e-commerce, creating a benchmark for enterprise services, leading the whole process of service transformation in enterprise scenarios, and building a new market growth pole.

Looking forward to the future, the company will continue to move towards the goal of becoming a global leader in technology-based IT services, becoming the most reliable and reliable partner in the process of industrial digitization and intelligence, leveraging the advantages of lean software engineering capabilities, and focusing on digital intelligence. Can, accelerate the implementation of the value of cloud services and industry solutions, deeply cultivate the "black land" of open source Hongmeng, firmly believe in the cause of national rejuvenation, and aspire to become the absolute leader in China's IT service field, so as to achieve "the most needed by the country and the most critical in the industry". , the most recognized by customers, the most trusted by partners, and the most proud of employees", becoming one of the very valuable world-class corporate brands that make up the territory of the great motherland!