Press Release: Chinasoft Accelerates Its Strategic Transformation, Achieving a Net Profit Growth of 46.2%
Chinasoft Accelerates Its Strategic Transformation, Achieving a Net Profit Growth of 46.2%
PR Newswire
BEIJING and HONG KONG, Aug. 21, 2018
BEIJING and HONG KONG, Aug. 21, 2018 /PRNewswire/ -- Chinasoft International (SEHK: 00354) announced today its 2108 interim results.
For the first half of the 2018, the Group's business achieved high growth. Its revenue, service revenue, profit for the period, and net profit attributable to the owners of the Group achieved a YoY growth of 16.1%, 17.9%, 48.0%, and 44.9%.
RMB'000 2018H1 2017H1 Growth
Revenue 4,813,853 4,145,060 16.1%
Service Revenue 4,770,267 4,047,248 17.9%
Profit for the Period 355,805 240,445 48.0%
Net Profit Attributable to Equity Shareholders 358,759 245,470 46.2%
Basic EPS(RMB cents) 14.87 10.26 44.9%
For the first half of 2018, the Group accelerated its global service layout with its cloud driven digitalization services and continued to improve its overall competitiveness. The Group ranked 7th in the latest "Top 100 Most Competitive Chinese Software Enterprises" (and continues to rise in rankings), and became the backbone of China's software and ITS development. It plays a leading role in industrial innovation and upgrade transformations of government and enterprise customers.
A. Focus on Large Customers and Promote Comprehensive Strategic Partnerships.
During the reporting period, the Group continued its in-depth partnerships with large customers including Huawei, HSBC, Tencent, Ping-An, and etc. Through its "zero distance" innovative service, the Group understood its customers' demands better, improved its management capabilities, and increased quality and delivery efficiencies. Furthermore, the Group combined cloud services with its Internet platform to provide Chinese and global enterprises with more capabilities, values, and more smart technologies, creating a new ecosystem in the digital world.
During the reporting period, the Group strengthened its partnership with Huawei, and was named "Huawei Cloud's Best Partner". The oversea strategic partnership achieved substantial breakthrough in Malaysia, Myanmar, India, and etc. The Group was introduced into Huawei's "Service Provider Development Program," becoming its trustworthy strategic partner.
HSBC's line of business progressed steadily. The Group participated in the development HSBC's third generation global commercial banking platform and HSBC risk control department's key project, and completed the upgrade of a HSBC's brand new online banking system infrastructure. The online banking line of business grew 30% YoY. During the reporting period, the HSBC SME digitalization line of business achieved breakthrough in global servicing capabilities. The Group's delivery team in Xi'an surpassed that of in England and India, gaining competitive advantages.
During the reporting period, Tencent software service line of business grew rapidly. The Group's Guangzhou WeChat line of business expanded quickly, and the Group worked a WeSure, a subsidiary of Tencent, to signed its first customer project. Furthermore, Ants Financial oversea payment project was launched in Indonesia, reaching a certain scale. Ali Mama's advertisement audit business was also implemented. Lastly, the Group formed a strategic partnership with Baidu in artificial intelligence, specifically in technology enablement, market expansion, innovative technologies, and etc.
During the reporting period, the Group continued to strengthen its comprehensive strategic partnership with Ping-An. The Group and Ping-An signed a strategic cooperation to jointly develop the Shenzhen Smart IT project. Furthermore, the Group and Ping-An Insurance continued its in-depth partnership and upgraded the partnership model. The Group will leverage its mobile, big data, and other capabilities to help Ping-An Insurance connect to its clients (precise matching).
B. Accelerate the Strategic Transformation: Emerging Business Grew Rapidly
During the reporting period, the emerging business, largely represented by JointForce, cloud, and big data businesses, achieved high growth. The revenue of the emerging business was RMB 741.655 million and accounted for 15.4% of the total revenue, representing a YoY growth of 95%. Through the accelerated implementation of the transformation strategy, the Group's revenue structure and profitability improved during the reporting period. The new generation cloud driven, platform IT enterprise's value will continue to blossom.
1. JointForce Sees Positive Results, With the Implementation of the "Cloud Integrative Service" Completing Its Ecosystem Blueprint
The JointForce platform has been commercialized for three years now, and has continued to enrich its services, upgrade its business model, and accelerate the growth of its servicing capabilities. JointForce's resources now span across 400 cities (districts and counties). The volume of the work posted in the first half of 2018 was RMB 1.2 billion, and has completed over 10,000 enterprises' precision profiling and due diligence. JointForce has truly established a cloud ecosystem focusing in software development.
Focusing on the software service demand of the Government, JointForce launched its "Cloud Integrative Service" solution. This solution, through establishing a cloud integrative service platform, helps the government with IT services, including online purchasing transaction services, due diligence for service providers based on enterprise big data. This solution is being quickly recognized, approved, applied and promoted. It is in operation in Nanjing, has reached a pilot phase in Xi'an, and reached a strategic agreement with the Zhejiang government. Furthermore, JointForce's "Cloud Integrative Service" team has penetrated the top 50 GDP cities in the country and helped over tens of thousands of software service providers undergo digital due diligence, completing precision profiling.
"Cloud Software Parks" continued to be promoted, serving Jiangsu, Shandong, Hubei, Anhui, Chongqing, Zhejiang, Fujian, and other provinces. There are close to 1,000 people ("army") there to promote locally and provide local services. In these regions, JointForce software ecosystems are beginning to form.
During the reporting period, the Group focused on intelligent manufacturing. JointForce adhered to the "China Manufacture 2025 Core Integrators" development initiative and formed strategic partnerships with ESI Group (France), Haier, Phoenix Contacts (Germany), Fast, Nari Information and Telecommunication, and other prominent domestic enterprises as well as multiple governments. JointForce and Haier's COSMOPlat platform will go hand in hand to fully promote the industrial intelligent manufacturing cloud ecosystem. In the virtual prototyping field, the Group migrated ESI Group's industrial virtual prototype solution onto the cloud and fully realized "Honeycomb's" intelligent manufacturing integration capabilities. Through cloud, the Group will be able to distribute this solution to the Chinese manufacturers and crease a virtual prototype application ecosystem through "JointForce + Honeycomb".
During the reporting period, the Group continued to expand in the artificial intelligence and industrial software industries. The Group formed a strategic partnership with the Nanjing Turning Artificial Intelligence Research Institute, founded by Academician Yao Zhizhi. Together they will establish the JointForce Turning Research Institute and accelerate the evolution of AI technology products. Furthermore, the Group will also jointly promote the construction of the "Industrial Software International Cooperation Industrial Base" with the China Electronic Information Industry Association.
2. Cloud Business Grows Steadily and Its Business Scope Expands
During the reporting period, the Group's cloud line of business grew steadily, successfully realized overseas cloud business layout, and successfully expanded its business scope with Huawei Cloud, Tencent Cloud, and Baidu Cloud. The Group was nominated for 100% third-party service software operation and maintenance supporting project of Huawei's e-government PaaS platform; it completed Huawei cloud and multiple e-government cloud migration projects, and provided cloud migration service for near 40 users and about 180 application and business systems, with the number of cumulatively migrated cloud hosts over 1,100 and total data volume near 700T. The Group passed the certification of independent software vendor (ISV) of Tencent cloud and obtained Tencent Cloud's subcontracting channel. The Group successfully developed a cloud deployment solution based on Microsoft enterprise applications. The Group introduced mature Azure-based cloud service capacity, built a joint team with members from China, the US and India, developed the "Hosting" solution of Huawei cloud for Microsoft products, and realized the globalized layout of cloud services. During the reporting period, the Group's enterprise cloud disk capabilities reached an industry leading position, and expanded its business to Southeast Asia, Africa, and other regions.
3. Big Data Business Continues to Expand Its Industry Leading Position, Fueled by Success in Multiple Industries
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August 21, 2018 12:31 ET (16:31 GMT)
新闻稿：ChinaSoft加快战略转型，实现净利润增长46.2%
中软加快战略转型，实现净利润增长46.2%
公共关系新闻社
北京和香港，2018年8月21日
北京和香港2018年8月21日电中软国际(香港联交所代码：00354)今天公布了其2108年中期业绩。
2018年上半年，集团业务实现了高速增长。其收入、服务收入、该期间的利润以及本集团所有者应占净利润实现了16.1%、17.9%、48.0%和44.9%的同比增长。
RMB'000 2018H1 2017H1 Growth
Revenue 4,813,853 4,145,060 16.1%
Service Revenue 4,770,267 4,047,248 17.9%
Profit for the Period 355,805 240,445 48.0%
股权股东应占净利润358，759 245，470 46.2%
Basic EPS(RMB cents) 14.87 10.26 44.9%
2018年上半年，集团以云驱动数字化服务加快全球服务布局，整体竞争力持续提升。集团在最新的“中国最具竞争力的100家软件企业”中排名第七(并且排名还在继续上升)，成为中国软件及其发展的中坚力量。它在产业创新和政府和企业客户的升级转型中起着主导作用。
A.关注大客户，促进全面战略伙伴关系。
报告期内，集团继续与华为、汇丰、腾讯、平安等大客户深入合作，通过“零距离”创新服务，更好地理解客户需求，提高管理能力，提高质量和交付效率。此外，集团将云服务与其互联网平台相结合，为中国和全球企业提供更多的能力、价值和更智能的技术，在数字世界创造一个新的生态系统。
报告期内，集团加强了与华为的合作伙伴关系，并被评为“华为云的最佳合作伙伴”。海外战略伙伴关系在马来西亚、缅甸、印度等地取得重大突破，集团被纳入华为的“运营商发展计划”，成为值得信赖的战略合作伙伴。
汇丰银行的业务线稳步发展。集团参与了汇丰第三代全球商业银行平台和汇丰风险控制部重点项目的开发，并完成了汇丰全新网上银行系统基础设施的升级。网上银行业务同比增长30%。报告期内，HSBC中小企业数字化业务线实现了全球服务能力的突破。集团在西安的送货团队超过了英国和印度的送货团队，获得了竞争优势。
报告期内，腾讯软件服务业务线增长迅速。集团广州微信业务线迅速扩张，集团与腾讯子公司微信签订了首个客户项目。此外，蚂蚁金融海外支付项目在印尼启动，达到了一定的规模。阿里妈妈的广告审计业务也实施了。最后，集团与百度在人工智能方面形成了战略合作伙伴关系，特别是在技术推动、市场拓展、创新技术等方面。
在本报告所述期间，集团继续加强与平安的全面战略伙伴关系。集团与平安签署战略合作协议，共同开发深圳智能IT项目。此外，集团与平安保险继续深化合作，提升合作模式。集团将利用其移动、大数据和其他能力来帮助平安保险与其客户连接(精确匹配)。
B.加快战略转型：新兴业务快速增长
在报告期内，以JointForce、云和大数据业务为代表的新兴业务实现了高增长。新兴业务收入为人民币74165.5万元，占总收入的15.4%，同比增长95%。通过加快实施转型战略，本集团的收入结构和盈利能力在报告期内有所改善。新一代云驱动，平台IT企业的价值将继续蓬勃发展。
1.JointForce看到了积极的结果，“云集成服务”的实施完成了其生态系统蓝图
JointForce平台已经商业化三年了，并继续丰富其服务，升级其商业模式，并加快其服务能力的增长。JointForce的资源现在横跨400个城市(区和县)。2018年上半年张贴工作量12亿元，完成1万多家企业精准测绘和尽职调查。JointForce真正建立了专注于软件开发的云生态系统。
针对政府的软件服务需求，JointForce推出了“云集成服务”解决方案。该解决方案通过建立云集成服务平台，帮助政府提供IT服务，包括在线购买交易服务，基于企业大数据的服务提供商尽职调查。这一解决方案正在迅速得到认可、批准、应用和推广。目前正在南京运营，在西安已进入试点阶段，并与浙江省政府达成了战略协议。此外，JointForce的“云集成服务”团队已经渗透到国内生产总值前50名城市，帮助数以万计的软件服务提供商进行数字尽职调查，完成精确剖析。
“云软件园”持续推进，服务江苏、山东、湖北、安徽、重庆、浙江、福建等省。那里有将近1000人(“军队”)在当地推广和提供当地服务。在这些地区，JointForce软件生态系统正在开始形成。
本报告所述期间，本集团专注于智能制造。JointForce坚持“中国制造2025核心集成商”发展倡议，与ESI集团(法国)、海尔、菲尼克斯联系人(德国)、Fast、Nari Information and Telecommunication等国内知名企业以及多个政府机构结成战略伙伴关系。JointForce和海尔的COSMOPlat平台将携手全面推进工业智能制造云生态系统。在虚拟样机领域，集团将ESI Group的工业虚拟样机解决方案迁移到云端，充分实现了“Honeycomb”智能制造集成能力。通过云，集团将能够将此解决方案分发给中国制造商，并通过“JointForce+Honeycomb”建立虚拟原型应用生态系统。
报告期内，本集团继续在人工智能及工业软件行业扩张。集团与姚志智院士创办的南京转弯人工智能研究所结成战略合作伙伴关系。他们将共同建立JointForce车削研究所，并加速AI技术产品的发展。此外，集团还将与中国电子信息产业协会共同推进“工业软件国际合作产业基地”建设。
2.云业务稳步增长，业务范围扩大
报告期内，集团云业务线稳步增长，成功实现海外云业务布局，成功拓展与华为云、腾讯云、百度云的业务范围。集团获华为电子政务PaaS平台100%第三方服务软件运维支撑项目提名，完成华为云及多个电子政务云迁移项目，为近40个用户和约180个应用业务系统提供云迁移服务，累计迁移云主机超过1100台，总数据量近700T。集团通过腾讯云独立软件供应商(ISV)认证，获得腾讯云分包渠道。集团成功开发了基于微软企业应用的云部署解决方案。集团引进了成熟的基于Azure的云服务能力，与来自中国、美国、印度的成员组建了联合团队，为微软产品开发了华为云的“托管”解决方案，实现了云服务的全球化布局。报告期内，集团企业云盘能力达到行业领先地位，业务拓展至东南亚、非洲等地区。
3.大数据业务在多个行业的成功推动下，继续扩大其行业领先地位
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August 21, 2018 12:31 ET (16:31 GMT)
