According to the company's intelligence expert "Financial Tuya", on the evening of March 1, Fong Huashun released its 2020 annual report. Thanks to the active trading in the domestic securities market in 2020, and the increase in investor demand for financial information services and fund investment, Performance showed a sharp increase over the same period last year: revenue was 2.844 billion yuan, an increase of 63.23% year-on-year; net profit attributable to the parent was 1.724 billion yuan, an increase of 92.05% year-on-year.
At the same time, Flush plans to distribute a bonus of RMB 12 (tax included) for every 10 shares. As of the close of trading on March 1, Flush closed at 137.31 yuan, an increase of 2.02%, an increase of 10.75% during the year.
Tonghuashun is a leading domestic Internet financial information service provider. Its products and services cover all levels of participants in the upstream and downstream of the industry chain, including securities companies, public funds, private equity funds, banks, insurance, governments, research institutions, listed companies and other institutional clients , And the majority of individual investors.
As of December 31, 2020, the number of registered users of Tonghuashun Financial Service Network was approximately 541.63 million; the average number of daily use of the free client of Tonghuashun Online Quotes was approximately 14.18 million, and the number of weekly active users was approximately 18.42 million.
At present, Flushing's main business is to provide various institutional clients with software products and system maintenance services, financial data services, intelligent promotion services, and provide individual investors with financial information, investment and financial analysis tools, and financial product investment transaction services.
At the same time, the company has also built a Flush AI open platform, which can provide customers with intelligent voice, intelligent customer service, intelligent financial Q&A, intelligent investment advisory, intelligent quality inspection machine, conference transfer system, intelligent medical auxiliary system and other AI products and services. It can provide intelligent solutions for banking, securities, insurance, funds, private equity, universities, government and other industries. At present, Flush AI products and services are actively expanding to more areas such as life, medical care, and education.
In terms of specific business, Flush Shun’s main sources of income are revenue from value-added telecommunications services, software sales and maintenance services, advertising and Internet business promotion services, fund sales and other transaction services.
During the period, value-added telecommunications business revenue accounted for the largest proportion, an increase of 45.14% from the same period last year to 1.285 billion yuan, mainly due to the increase in the activity of the securities market and the increase in investors’ demand for financial information; fund sales and other transaction procedures Fees and other businesses increased by 104.82% year-on-year, mainly due to the company's increased investment in funds, gold and other agency sales, and the corresponding increase in fee income.
In addition, advertising and Internet business promotion services revenue reached 836 million yuan, a year-on-year increase of 29.39%; software sales and maintenance business achieved revenue of 241 million yuan, a year-on-year increase of 51.23%.
Source: Flush 2020 Annual Report
At the same time, Flush has continued to increase R&D and innovation investment. From 2018 to 2020, the total amount of R&D investment has continued to increase, reaching 396 million yuan, 465 million yuan, and 585 million yuan, respectively. The technology level remains at the forefront of the industry, financial information services and artificial intelligence technology. Deep integration has further enhanced Sheng's core competitiveness.
The intelligent investment advisory robot iWencai built by the company has the ability to conduct multiple rounds of dialogue and is currently the most successful natural language and voice question answering system in the financial sector. It can provide investors with intelligent stock selection and diagnosis, asset allocation, wealth management knowledge encyclopedia, data query, casual chat and other wealth management assistants, wealth management and investment advisory services.
The company’s iFinD product has been upgraded and evolved into an integrated intelligent solution platform for investment and research, providing users with a complete set of intelligent solutions such as financial big data, enterprise library, industrial map, research report automatic generation, public opinion monitoring, and buyer label research system. The technical strength and functions are in the leading position in the industry; as a national designated unit for the production of commercial cryptographic products, the company has launched a securities system based on domestic cryptographic algorithms, and cooperated with a number of brokers to carry out the localization of the securities core system, and implement the state’s security and independence of the securities system. Control requirements.
At present, my country's securities market has entered a period of rapid development, and the Internet financial information service industry has ushered in opportunities for rapid development. With the continuous growth of my country’s capital market, the steady growth of residents’ wealth, the gradual enrichment of financial products, and the increasing demand for financial information from investors, the capacity of my country’s Internet financial information service market continues to rise, and the industry has a certain scale. A relatively complete industrial chain from acquisition, data processing to information intelligent processing and integration.
The factors affecting the development of the industry are mainly concentrated in the overall Internet environment and the financial and securities market. In the Internet field, influencing factors include the status of Internet infrastructure construction, technological innovation, industrial policies and the number of Internet users, user payment habits, and network security system construction; in the financial securities market, the influencing factors mainly include the number of investors and the market supervision environment , Securities market trends and trading activity, etc.
The number of Internet users and the proportion of Internet access on mobile phones continue to increase, laying a solid foundation for the development of Internet finance. According to the "47th Statistical Report on Internet Development in China" issued by the China Internet Network Information Center (CNNIC), as of December 2020, the number of Internet users in my country was 989 million, which is 85.4 million more Internet users than in March 2020. The penetration rate reached 70.4%.
As of December 2020, the number of mobile Internet users in my country has reached 986 million, an increase of 88.85 million mobile Internet users from March 2020. The proportion of Internet users who use mobile phones to access the Internet is 99.7%.
The huge investor base provides a broad market space for industry development. According to the monthly statistical report issued by China Securities Depository and Clearing Corporation Limited, as of the end of December 2020, the number of securities investors reached 180 million, an increase of 11.28% from the end of 2019.
In 2021, Fonghuashun will focus on the overall strategic goal of the integration of Internet financial information services, strengthen R&D technological innovation, and improve the company's technological advantages; focus on existing business as the main line, strengthen overall business coordination and integrated operation, and make full use of artificial intelligence technology The advantages of artificial intelligence technology are expanded to more fields; in standardizing human resource management, building a performance appraisal system with positive attractiveness and reverse spurring power, and introducing high-end talents around the world; market demand-oriented, in Canada At the same time as the development of big advantage markets, we actively explore the global market and promote the company's globalization goal.
————————————————