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汉得信息:玖歌投资、国元证券等13家机构于12月27日调研我司

Hande Information: 13 institutions, including Jiuge Investment and Guoyuan Securities, investigated our company on December 27.

證券之星 ·  Dec 29, 2021 15:26

Hande Information (300170) issued an announcement on December 28th, 2021: Jiuge Investment Zhang Jie, Guoyuan Securities Geng Junjun Chen Tunan, Baoxin Asset Yan Ming, Life Asset Zhu Zhanyu, Chun Hou Fund Qi Jieping, Huarong Securities Pang Liyong, Noan Fund Xia Rongyao, Hill Asset Yin Xinglong, China Europe Fund Zhou Yawen Hong Huimei, Changxin Fund Huang Xiangnan Shenjia, financing Fund Li Guanli, Wanjia Fund Zhou Shi, Enbao assets Wang Weibo investigated our company on December 27, 2021.

The main contents of this survey are as follows:

Q: what is the growth space of the company's own software?

A: from the perspective of customers, the domestic replacement of ERP is more difficult, and the vast majority of customers will choose products such as Oracle. The company's business focuses on the surrounding plate of ERP, regards ERP as a background system, and is optimistic about the development of the foreground module. The company has adjusted its product strategy this year, and its independent products are mainly focused on GMC and C2M, which have a large business space, and the company hopes to achieve more than 30% growth in its own products in the next few years. In 2020, due to the slowdown in the epidemic, the company conducted a large-scale school recruitment in July this year, and the total number of employees returned to about 10,000, hoping to give the company growth momentum.


Q: what is the business agent between the company and SAP?

A: as early as 2018, SAP announced that it would not renew its contract with the company, but the business between the company and SAP has not been suspended, and even the business of many large customers is under way. At present, it seems that there is no implementation of certification in China, customers mainly value the company's business capabilities, so there will always be SAP implementation business.


Q: can you introduce the business connotation of C2M and GMC?

Answer: C2M: in essence, similar to the industrial Internet, it helps enterprises to establish a digital marketing and intelligent manufacturing capability system with the help of the Internet and digital technologies such as AI and IOT. Example 1: the intelligent manufacturing business of customer An after listing uses the M-side of ERP and C2M, because customer A has no sales problems, so C-side software is not needed. Example 2: customer B has the needs of market expansion and channel construction, and uses the C-end software in C2M. Example 3: C customer has customized sales characteristics, C end has design software, product customization software, etc., the resulting data will be transmitted to the manufacturing execution system through ERP, and then transported to the customer through logistics after production. GMC: solve the management tasks and difficulties faced by large-scale enterprises, such as budget, merger, compliance, internal control, risk, etc., the specific tasks are related to the characteristics of the industry. For example: Ding customers have 10 million orders every day, manual can not carry out all the data sharing, income accounting, etc., need the help of software.


Q: what is the current layout of the company in China and Taiwan?

A: the company has a background in ERP implementation and realizes that ERP software has become very mature. The current problem is that ERP does not support some front-end businesses, such as Mini Program can not do ERP (because Mini Program may be updated, or will no longer be used after a period of time). The traditional IT architecture needs to be updated in the face of emerging formats, and technically needs a fusion platform, that is, the company's technology platform. From a business point of view, it is necessary to build application scenarios on the basis of the technology console to improve efficiency, that is, the business console of the company.


Q: what is the cooperation between the company and Baidu, Inc.?

A: Baidu, Inc. has provided strong technical support to the company, helped the company to promote its own products, enhanced the company's confidence in promoting its own products, and will continue to support the company's development in the future.


Q: what are the leaders' views on the overall ERP market?

A: the ERP market has declined periodically, but the overall growth trend has been maintained. The company believes that ERP is still a very important information cornerstone of the enterprise. After the completion of the enterprise ERP, the transformation of the ERP system will still bring new space.


Q: what does the company think of the future growth of the outsourcing business?

A: the company has tried to meet customer needs through a full range of independent products, but in reality, the company has overestimated its perception of development capabilities in the past. In the middle of 2021, the company began to adjust the product layout and focus strategically. On the basis of covering customers' core business, the company realized other IT needs of customers through outsourcing. The company believes that outsourcing business has more room for growth in the future.


Hande Information main business: to provide enterprises with high-end ERP implementation services.

According to the third quarterly report of Hande Information 2021, the company's main income was 2.044 billion yuan, up 9.79% from the same period last year; the net profit was 2.0205 million yuan, down 95.06% from the same period last year; and the non-net profit was-80.4853 million yuan, down 484.39% from the same period last year. Among them, in the third quarter of 2021, the company's main income in a single quarter was 705 million yuan, up 4.87% from the same period last year; net profit in a single quarter was-29.6876 million yuan, down 293.27% from the same period last year The non-net profit in a single quarter was-35.3749 million yuan, down 397.47% from the same period last year; the debt ratio was 33.43%, the investment income was 12.3625 million yuan, the financial expenses were 55.1428 million yuan, and the gross profit margin was 26.24%.

In the last 90 days, there were one agency rating and one buy rating; the average institutional target price in the past 90 days was 11.0; the net financing inflow in the past three months was 7.1786 million, resulting in an increase in financing balance; and the net outflow of securities was 1.4447 million, while the balance of securities lending decreased. Securities Star valuation analysis tool shows that Hande Information (300170) good company has a rating of 2.5 stars, good price rating of 2 stars, and comprehensive valuation rating of 2.5 stars. (rating range: 1-5 stars, up to 5 stars)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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