21st Century Business Herald reporter Lei Chen reporting from Beijing

21st Century Business Herald reporters found that according to Choice data statistics, 30 software service index constituent stocks performed well in the first half of the year, with an average revenue growth rate of 4.29 and an average net profit growth rate of 9.88.

Under the pomp, the strong are always strong. Most companies have achieved year-on-year revenue growth. The companies with significant growth rates are mainly the leaders in the sector segmentation field. The companies with larger declines are more or less lacking in the right to speak. Reducing costs and increasing efficiency are becoming more and more companies. The consensus.

Another noteworthy phenomenon is that the R & D investment of 30 companies in the first half of the year has increased compared with the same period last year, and the average growth rate of R & D investment is 11.12. Among them, AIGC, large model has become a lot of software services sector enterprises in the research and development side of the key words.

Since the beginning of this year, with the continuous development of cloud computing, artificial intelligence, big data and other technologies, software service companies have shown a trend of continuous innovation in technology.

21st century business herald reporters learned from industry sources that since this year, many listed software service companies have consolidated their AIGC capabilities and continuously explored the relevant needs of G-side and B- side customers. AI application landing is accelerating.

sector profitability reached 70%

judging from the revenue scale, the revenue of six companies in the first half of the year exceeded 5 billion yuan, namely, 23.633 billion yuan, 8.58 billion yuan, 7.842 billion yuan, 6.985 billion yuan, 5.677 billion yuan and 5.127 billion yuan respectively.

As a revenue "leader", Guolian shares are mainly engaged in B2B e-commerce and industrial Internet platforms. In the five years from 2018 to 2022, its revenue has increased nearly 20 times. One of the key factors is that the company has chosen the right track. B2B e-commerce related vertical industries have a broad market and large growth space.

in the first half of the year, there were 4 listed companies with revenue less than 1 billion yuan in the software service sector, namely zhongwang software (688083.SH), compass (300803.SZ), zhongke xingtu (688568.SH) and xinpoint software (688232.SH), with corresponding revenue of 0.276 billion yuan, 0.464 billion yuan, 0.722 billion yuan and 0.912 billion yuan respectively.

it is worth noting that although the revenue is at the end of the crane in the whole sector, zhongwang software is the leading supplier of industrial software for research and development and design in China, and it is a great leader in the field of 3DCAD.

In the view of institutional analysts, the strategic layout of the company's major domestic customers in the first half of the year showed results. With the gradual improvement of the domestic economic situation, the company's downstream demand is expected to increase, and the operating inflection point has emerged.

In terms of net profit, in the corporate service sector, 21 companies achieved profits in the first half of the year, 9 companies lost money, and the profit area reached 70%.

specifically, only one has a scale of more than 1 billion yuan, namely baoxin software. In addition, the net profits of aerospace information, Guolian shares, Donghua software and Jinshan office in the first half of the year exceeded 0.5 billion yuan, which were 0.82 billion yuan, 0.771 billion yuan, 0.643 billion yuan and 0.596 billion yuan respectively.

it is reported that the main reason for the high net profit scale of baoxin software in the first half of the year is that the company benefited from the high demand for steel MES. in addition, the parent company baowu group promoted integration in 2021, backed by baowu, baoxin software has significant ecological advantages, and the company's performance has accelerated significantly since 2017.

there are profits and losses. in the first half of the year, a total of 9 enterprises lost money, namely, chi anxin-U(688561.SH), ufida network (600588.SH), deep conviction (300454.SZ), China software (600536.SH), four-dimensional tuxin (002405.SH' H), new software (688232.SH' H), and s3.880ssssssz80, net profit was -0.885 billion yuan, -0.885 billion yuan, -0.554 billion yuan, -0.526 billion yuan, -0.319 billion yuan, -0.236 billion yuan, -0.084 billion yuan, -0.017 billion yuan and -0.005 billion yuan.

In recent years, losses have been a high-frequency topic when the outside world talks about Chianxin.

The Secretary of the Board of Directors of Chianxin said that the main reason for the loss in the first half of the year was the choice of a development model with high R & D investment and the continuous establishment of a sound sales network and service capabilities. At present, the company's R & D platform has been mass-produced, the R & D efficiency has been significantly improved, and the cost control has been strengthened. As the company's operating income continues to grow, the scale operating efficiency will increase year by year.

UFIDA pointed out that the company's operating income has obvious seasonal characteristics. From the perspective of previous years, the proportion of income in the first half of the year was small, and the proportion in the fourth quarter was the largest. However, various expenses occurred relatively evenly during the year, resulting in seasonal The situation of losses. In addition, the expansion of personnel size has an impact on costs.

Trends and Divergence Behind Growth

From the perspective of the growth momentum of 30 software service companies, most companies have achieved year-on-year revenue growth. The companies with significant growth rates are mainly the leaders in the sector segments, and the companies with larger declines are more or less in terms of voice. There is a lack. In terms of net profit growth, it is not difficult to see that reducing costs and increasing efficiency has become the consensus of more and more enterprises.

in terms of revenue growth, 18 companies saw year-on-year revenue growth and 12 companies saw a decline in performance.

Among them, the revenue growth rate of Zhongke Star Chart, Guolian shares, Zhongwang Software, Chianxin-U and Qiming Star was among the top five, with 60.78 percent, 48.05 percent, 41.97 percent, 26.15 percent and 25.33 percent, respectively. In the second echelon of revenue growth, including Jinshan Office, Hang Seng Electronics, Baoxin Software, Donghua Software, Guanglianda, etc., the growth rate is more than 10%.

"Digital Earth's First Stock" Zhongkexingtu stated that the performance growth was mainly due to the company's penetration of various market segments driven by the development of collectivization, thereby expanding its business scale. In addition, around the law of industrial development, the company formulates the development strategy of "collectivization, ecology and internationalization", focusing on the development strategy from the industrial layout, business model, ecological construction, product research and development, enterprise management and other dimensions, and the organic convergence of multiple growth curves.

among the 12 companies with declining revenue, compass, tai chi shares, China software, aerospace information and electric network ranked first, with revenue growth of -48.95%, -34.97%, -29.82%, -24.06% and -15.49% respectively in the first half of the year. New point software, soft power, 360, Longxin Technology, Shiji Information 5 companies revenue fell by more than 5%.

it is worth noting that in the first half of the year, the business financial information service income, which accounts for more than 80% of the compass income, dropped by 49.74. the company's investment of 1.5 billion yuan to win margot securities (formerly netcom securities) still lost money in the first half of the year, with a net profit of -23.1612 million yuan. the integration promotion effect is still not obvious. The decline in Taiji's revenue was mainly affected by delays in customer bidding and the Company's initiative to reduce its low-margin business.

From the perspective of net profit growth, the net profit of 15 companies in the first half of the year increased compared with the same period last year, while the remaining 15 companies declined year-on-year.

Specifically, Hang Seng Electronics, Qianfang Technology, Qiming Star, Zhongke Star Chart 4 net profit growth of more than 100 percent year-on-year, the first half of the revenue growth rate was 604.49 percent, 404.17 percent, 172.15 percent, 131.45 percent. Zhongwang Software, Donghua Software, Guolian shares, 360, Zhongke Soft, Taiji shares and other companies net profit growth rate of more than 20%.

According to the semi-annual report, it can be found that the company's non-recurring profit and loss in the first half of the year increased significantly year-on-year, mainly due to the substantial increase in the change in the fair value of the financial assets held. At the same time, Hang Seng Electronics strengthened internal management, controlled costs and expenses, and improved the level of sales returns, so that the growth rate of revenue was higher than the growth rate of costs and expenses, and the growth rate of sales returns was higher than the growth rate of revenue.

Qianfang Technology attributed the company's net profit in the first half of the year to a year-on-year profit: as the market gradually recovered, demand recovered, project delivery accelerated, and the company's product and solution sales revenue increased year-on-year. In the first half of 2023, Qianfang Technology successfully turned losses into profits.

For Qixingchen, the first half of the net profit hit a record high. It is reported that during the reporting period, the company actively reduced costs and increased efficiency, refined management of expenses, and expenses decreased by 11.9 compared with the same period last year, maintaining the industry's leading level of profitability. The company actively strengthened the management of accounts receivable and repayment, and the repayment in the second quarter improved month-on-month and year-on-year, and the trend of repayment was good.

AI application acceleration landing

Another noteworthy phenomenon is that the R & D investment of 30 companies in the first half of the year has increased compared with the same period last year, and the average growth rate of R & D investment is 11.12.

judging from the R & D investment, the R & D expenses of 360, hkust xunfei, hang seng electronics, shenxin and ufida network exceed 1 billion yuan, followed by 1.56 billion yuan, 1.517 billion yuan, 1.171 billion yuan, 1.138 billion yuan and 1.012 billion yuan. In addition, 9 companies, including Chianxin-U, China Software, Guanglianda, Siweitu New and Jinshan Office, spent more than 0.5 billion yuan on research and development.

The sector leader, as always, maintains a high level of research and development investment.

However, in terms of the growth rate of R & D investment, among the top ten companies in terms of revenue, only Guolian and Baoxin Software have increased their R & D investment. Weining Health, Electric Branch Network An, Zhongke Star Map, Zhongwang Software these four companies although revenue in the plate in the tail, but in the first half of the year are significantly increased research and development investment.

specifically, in the first half of the year, the research and development growth rate of seven companies, namely, China Science and Technology Star Map, Guolian shares, Electric Network Security, Zhongwang Software, Weining Health, Baoxin Software and Guanglianda, exceeded 30%, with growth rates reaching 67.93, 66.28, 41.03, 38.58, 37.76, 35.57 and 30.71 percent respectively.

Industry insiders told reporters that since the beginning of this year, with the continuous development of cloud computing, artificial intelligence, big data and other technologies, software service companies have shown a trend of continuous innovation in technology. The reporter noted that since the beginning of this year, a number of software service concept listed companies have tried to leverage performance growth with AI empowerment based on large model technology.

for example, in the first half of this year, Jinshan office released WPS AI, an intelligent office assistant based on a large language model, and positioned it as an application of a large language model, anchoring the development of AIGC (content creation), Copilot (intelligent assistant) and Insight (knowledge insight) in three strategic directions.

on July 27, ufida network released YonGPT, the industry's first large enterprise service model, and the first batch of intelligent scene services based on this large model. This is also the main component of UFIDA BIP this upgrade. "YonGPT applications and services will continue to be developed and enriched, and the company's training of large models will continue to advance." Yonyou network chairman and CEO Wang Wenjing recently to twenty-first Century economic report and other media said.

thousand square technology to generalModel industry scene training tuning for the architecture, the introduction of the industry's large model "Wutong". At the same time, the release of multi-modal data value realization products-VLOG products, will play a new value in the new track of commercial operation of video content such as AI cultural travel, and open up the company's 2C market and operation share of the new business.

hang seng electronics has also introduced a large-scale model LightGPT for the financial industry and a financial intelligence assistant photon based on large-scale model technology for business scenarios such as investment, operation and compliance. it solves the problems of technical connection, application connection, data security and compliance in the landing process of large-scale models, and realizes intelligent upgrading and reconstruction of financial business systems.

A software industry executive told the 21st Century Business Herald that with the advent of the big model era, innovation in the software industry has just begun. In the future, the big model may be a "nuclear weapon" for the competition of scientific and technological level between countries and enterprises. We should go further on this road.