For the first half of the year, the first half of the year has lost money, and the chairman of the UFIDA Network has explained the reasons for details.

Zhongxin Jingwei, September 16th (Deng Yiruo) Recently, the 2022 semi -annual report disclosed by UFIDA Network showed that the company had a loss of losses for the first half of the year in five years. In this regard, Wang Wenjing, chairman of UFIDA, said at the performance meeting on the 15th that the growth of R & D expenses in the first half of the year, as well as Shanghai, Beijing and other places, which also affected the company's net profit.

Regarding the total number of clients in cloud services in the first half of the UFIDA network decreased by 32%year -on -year, Wang Wenjing explained that the number of customers decreased year -on -year.

The semi-annual report showed that the revenue of the UFIDA network in the first half of the year was 3.537 billion yuan, an increase of 11.3%year-on-year; the net profit attributable to shareholders of listed companies was -256 million yuan, a year-on-year decrease of 218.9%.

In terms of sub -business, the company's cloud service and software business achieved revenue of 3.511 billion yuan, an increase of 19%year -on -year. It was its main source of revenue. The financial service business achieved revenue of 25.81 million yuan, a year -on -year decrease of 88.6%.

Source: UFIDA Network 2022 Half -annual Report

It is worth noting that, as a corporate software leader who started with financial software, the cloud service business is growing in the cloud service and software business income of UFIDA, and software business revenue is shrinking.

The financial report shows that the revenue of the UFIDA cloud service business in the first half of the year achieved a revenue of 2.299 billion yuan, an increase of 52.6%year -on -year, accounting for 65%of the revenue; the software business continued to shrink, achieving revenue of 1.212 billion yuan, a year -on -year decrease of 16.1%.

The background of the high -speed growth of UFIDA cloud service business is the development of China's public cloud service market. The report of the "China Public Cloud Service Market (2021) tracking" released by IDC shows that in the next 5 years, the Chinese public cloud market will continue to grow at a high speed with a compound growth rate of 30.9%. It is expected that by 2026, the market size will reach US $ 105.76 billion The global proportion of the Chinese public cloud service market will increase from 6.7%in 2021 to 9.9%.

In terms of net profit, the financial report shows that the net profit of UFIDA's network in the first half of the year was 256 million yuan. This is the first and semi -annual reports in the five years. Yuan, 482 million yuan, 26 million yuan, and 215 million yuan.

Regarding the cause of loss, UFIDA explained in the semi -annual report that it was mainly due to the impact of the investment income of Beijing Changjietong Payment Technology Co., Ltd. (hereinafter referred to as "Chang Jietong Pay") in the same period last year. There is no income. In addition, Wang Wenjing mentioned at the performance meeting that in the first half of the year, due to the influence of Shanghai and Beijing in the first half of the year, the business negotiation of some business contracts in the company's business contracts and the delays of the project implementation of the project had an impact on net profit.

R & D investment growth is also one of the reasons for the short -term pressure of net profit. The financial report shows that the investment in R & D in the first half of the year was 1.317 billion yuan, an increase of 38.1%year -on -year, accounting for 37.2%of operating income. The main direction of R & D investment was to enhance the innovation of cloud service products.

Regarding the growth of R & D investment, Wang Wenjing explained at the performance meeting that with the launch of the mature version of the product, the growth rate of the investment in R & D investment in Youyou will approach natural growth, which will have a certain impact on the continuous increase in investment in R & D. And R & D investment has a certain lag in the release of performance.

In addition, the sales costs and management expenses of UFIDA have also increased. The announcement shows that its sales fee in the first half of the year was 864 million yuan, an increase of 9.7%year -on -year, and the management cost was 506 million yuan, an increase of 4.9%year -on -year.

It is worth noting that the semi -annual report shows that the number of newly added cloud services for UFIDA Networks in the first half of the year is 66,200, and the total number of paid customers with cloud services is 504,500; while in the same period last year, the number of newly added cloud services for 65,700 is 65,700. Home, the cumulative number of clients of cloud services is 667,300. Compared with the same period last year, cloud services have decreased by 32%year -on -year.

In this regard, Wang Wenjing explained at the performance meeting that UFIDA Networks divested Changjietong Payment and Shenzhen Qianhai Yiyou in 2021. In the third quarter of 2021, the number of newly added cloud service customers and cumulative paid customers The quantity is the number of customers who eliminate the financial cloud service business, and the caliber has continued to this day.

The semi -annual report showed that the UFIDA network contract liabilities achieved 2.32 billion yuan, of which the cloud business related contract liabilities achieved 1.76 billion yuan, an increase of 41.4%over the end of the first half of last year. The company's cloud service business ARR achieved 1.68 billion yuan, an increase of 101.3%over the same period last year. (For more report clues, please contact the author of this article Deng Yiruo: [email protected]) (Zhongxin Jingwei APP)

(The views in the article are for reference only, do not constitute investment suggestions, have risks in investment, and need to be cautious to enter the market.)

Copyright Copyright Copyright, without written authorization, no company or individual may reprint, extract or use it in other ways.

Editor in charge: Li Zhongyuan

Pay attention to the official WeChat public account of JWVIEW (JWVIEW) to get more elite financial information.

- END -