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Public company info - Sinosoft Technology Group Ltd. , 01297.HK
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Sinosoft Technology Group Ltd., 01297.HK - Company Profile
Chairman Xin Yingmei
Share Issued (share) 1,222,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Software
Corporate Profile Business Summary: The principal activities of the Group in the People’s Republic of China (the “PRC”) are software development, system integration, sales of related computer products and provision of other related services. Performance for the year: Revenue of the Group for the year ended 31 December 2019 recorded RMB 750.3 million, representing an increase of approximately 4.4%, as compared with RMB 718.5 million for the year ended 31 December 2018. Profit and total comprehensive income for the year ended 31 December 2019 was RMB 281.1 million, representing an increase of approximately 18.9% as compared with RMB 236.4 million for the year ended 31 December 2018. Business Review： Export Enterprise Cloud-Based Software and Services During the year under review, the operating conditions of export enterprises were affected by the unstable trade situation. The Group targeted clients’ demand and launched products that can assist export enterprises to improve their efficiency and save costs. For the year ended 31 December 2019, revenue generated from export enterprise cloud-based software and services amounted to approximately RMB 185.8 million, representing a slight increase of approximately 0.7% when compared with that of approximately RMB 184.5 million for the corresponding period in 2018. Government Big Data Software and Related Services For the year ended 31 December 2019, revenue generated from government big data software and related services amounted to approximately RMB 424.0 million, representing an increase of approximately 16.1% when compared with that of approximately RMB 365.1 million for the corresponding period in 2018. During the year under review, the Group’s social governance and public security products achieved satisfactory results, together with judicial products are sold to different provinces across the country. Low Carbon & Ecology Software and Related Services Due to the delay of some projects, the revenue of low carbon & ecology software and related services during the year under review was affected. For the year ended 31 December 2019, revenue from low carbon & ecology software and related services amounted to approximately RMB 97.3 million, representing a decrease of approximately 21.0% when compared with that of approximately RMB 123.2 million for the corresponding period in 2018. System Integration Solutions System integration solutions is not the Group’s key business segment, but a complementary service to the Group’s other solutions purporting to provide a total solutions service to the Group’s customers. During the year ended 31 December 2019, revenue generated from system integration solutions segment amounted to approximately RMB 43.2 million, as compared to approximately RMB 45.7 million for the same period in 2018. Prospects: At the beginning of 2020, the Epidemic has caused severe damage to China and the global economy, making it difficult for enterprises to survive alone. However, the Group firmly believes that through continuous innovation and optimization of products and services, it will be able to see opportunities in crisis and reach stronger growth after the storm. The Group will keep abreast of the foreign trade situation and policy development, and conduct in-depth research and development in application software and big data analytic services that can effectively help clients improve operations and understand market dynamics. After the Epidemic, enterprises that have resumed production and operation have further needs for enhancing production efficiency and reducing operating costs. The Group will further refine corporate demands, research and develop more new products proactively, and provide them with more diversified services.

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