Shanghai Baosight Software (600845) H2 2024 earnings summary

Executive summary

• Achieved revenue of ¥13.64 billion, up 5.64% year-over-year; net profit attributable to shareholders was ¥2.27 billion, down 11.28% year-over-year.

• Maintained industry leadership in digital transformation, AI, and industrial software, with significant R&D and product innovation.

• Major recognitions include national and industry awards for innovation, digitalization, and industrial internet platforms.

Financial highlights

• Revenue: ¥13.64 billion (+5.64% YoY); net profit: ¥2.27 billion (-11.28% YoY); operating cash flow: ¥1.67 billion (-35.94% YoY).

• Gross margin for software development and engineering services: 31.14%; service outsourcing: 44.93%.

• Basic EPS: ¥0.797; weighted average ROE: 20.67%.

• Total assets: ¥21.64 billion; net assets attributable to shareholders: ¥11.40 billion.

Outlook and guidance

• Focus on AI-driven transformation, industrial software, and cloud computing; continue to expand in non-steel sectors and international markets.

• 2025 is the final year of the current five-year plan, with emphasis on innovation, new business models, and nationwide cloud infrastructure.

• Identified risks include technology leadership, credit management, and investment project execution.