On April 1, China Software (600536.SH) released its 2010 annual report. During the reporting period, the company realized operating income of 3.029 billion yuan, a year-on-year decrease of 6.32%; operating profit of 21.8101 million yuan, an increase of 118.29% year-on-year; net profit realized. RMB 92,831,800, an increase of 928.57% year-on-year, and a cash dividend of RMB 1.10 (taxes included) for every 10 shares of all shareholders.
With regard to the substantial increase in net profit, China Software stated that because the company acquired Great Wall Software and sold Sinosoft International's shares, the Great Wall Software was merged under the same control throughout the year in the financial statements of this year, and ChinaSoft International was no longer merged from October to December.
The annual report shows that the company holds 100% equity in Great Wall Software. At the end of the reporting period, the company’s total assets were RMB 410 million, and the net assets attributable to shareholders of the company were RMB 120 million. During the reporting period, the net profit attributable to shareholders of the company was RMB 129,600.
In 2010, the company further explored a new model for the development of its main business, proposed a business restructuring and service-oriented transformation strategy, increased the overall advancement of its service-oriented business, and reclassified and categorized the original three main businesses. Embody new development connotation and strategic significance, that is re-delineated as independent software products, industry solutions and service-oriented services, among which the service-based services not only include original software outsourcing services, but also expand the connotation of services, including operational services. , urban public services, IT value-added services, financial information services, and logistics information services. According to the new main business category, the revenue of autonomous software products is 506 million yuan, accounting for 16.80% of the main business income; the revenue of industry solution is 1.702 billion yuan, accounting for 56.50% of the main business income; the income of service-based business is 8.04 Billion yuan, accounting for 26.70% of the main business income.
During the reporting period, the company’s three main business operations showed a relatively good overall development momentum. The main business income was 3.012 billion yuan, of which, the operating income of autonomous software products was 506 million yuan, an increase of 3.47% year-on-year; industry solutions and Service revenue was 2.087 billion yuan, a year-on-year decrease of 7.60%; software outsourcing service revenue was 419 million yuan, a year-on-year decrease of 10.86%.
In addition, the net cash flow of the company's operations in 2010 decreased by 187.58% compared with the same period of last year, which was mainly due to the delay in the company’s partial sales repayment, which led to the decrease in the repayments in the same period last year. The cash flow from investment activities decreased by 190.18%, which was mainly attributable to the payment of investment funds and the change in the scope of consolidation after ChinaSoft Hong Kong sold some shares of ChinaSoft International.
With regard to the substantial increase in net profit, China Software stated that because the company acquired Great Wall Software and sold Sinosoft International's shares, the Great Wall Software was merged under the same control throughout the year in the financial statements of this year, and ChinaSoft International was no longer merged from October to December.
The annual report shows that the company holds 100% equity in Great Wall Software. At the end of the reporting period, the company’s total assets were RMB 410 million, and the net assets attributable to shareholders of the company were RMB 120 million. During the reporting period, the net profit attributable to shareholders of the company was RMB 129,600.
In 2010, the company further explored a new model for the development of its main business, proposed a business restructuring and service-oriented transformation strategy, increased the overall advancement of its service-oriented business, and reclassified and categorized the original three main businesses. Embody new development connotation and strategic significance, that is re-delineated as independent software products, industry solutions and service-oriented services, among which the service-based services not only include original software outsourcing services, but also expand the connotation of services, including operational services. , urban public services, IT value-added services, financial information services, and logistics information services. According to the new main business category, the revenue of autonomous software products is 506 million yuan, accounting for 16.80% of the main business income; the revenue of industry solution is 1.702 billion yuan, accounting for 56.50% of the main business income; the income of service-based business is 8.04 Billion yuan, accounting for 26.70% of the main business income.
During the reporting period, the company’s three main business operations showed a relatively good overall development momentum. The main business income was 3.012 billion yuan, of which, the operating income of autonomous software products was 506 million yuan, an increase of 3.47% year-on-year; industry solutions and Service revenue was 2.087 billion yuan, a year-on-year decrease of 7.60%; software outsourcing service revenue was 419 million yuan, a year-on-year decrease of 10.86%.
In addition, the net cash flow of the company's operations in 2010 decreased by 187.58% compared with the same period of last year, which was mainly due to the delay in the company’s partial sales repayment, which led to the decrease in the repayments in the same period last year. The cash flow from investment activities decreased by 190.18%, which was mainly attributable to the payment of investment funds and the change in the scope of consolidation after ChinaSoft Hong Kong sold some shares of ChinaSoft International.
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