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The chairman of Huayu Software was investigated for suspected bribery, and China Mobile and Ant Financial were the top ten shareholders and cooperated with them in blockchain business

author:Finance

On August 29, Huayu Software announced that it had received a notice from the Beijing Municipal Commission of Supervision on March 22 to investigate the illegal issue of bribery by Shao Xue, the company's chairman and general manager, and had imposed a lien on him since March 21. The incident is still in the investigation stage of the relevant departments.

Huayu Software said that the above situation is only for Shao Xue personally and has nothing to do with the company. Xiaoming Zhao worked in the Application Software Division of Tsinghua Tsinghua Unigroup From 1998 to 1999, the System Manager of the Software Center of Tsinghua Tsinghua Tsinghua

Huayu Software (300271.SZ) also released its semi-annual financial report. On the whole, In the first half of 2021, Hoau Software achieved a total operating income of 2.154 billion yuan, an increase of 157.04% year-on-year; a net profit attributable to the mother of 215 million yuan, an increase of 1190.39% year-on-year; and a non-net profit of 204 million yuan, an increase of 2702.88% year-on-year.

During the reporting period, Hoau Software's operating cash flow was 1.177 billion yuan, down 102.31% year-on-year; investment cash flow was -183 million yuan, down 261.73% year-on-year; earnings per share was 0.26 yuan, an increase of 1200% year-on-year; total assets were 9.98 billion yuan, an increase of 1.87% year-on-year; net assets were 6.683 billion yuan, an increase of 3.41% year-on-year; operating costs were 1.49 billion yuan, an increase of 198.1% year-on-year; and return on net assets was 3.27%.

From the perspective of revenue proportion, "application software" services contributed 930 million yuan, accounting for 43% of total revenue, operating costs of 530 million yuan increased by 363.51% year-on-year, gross profit margin decreased by 23.89% year-on-year; system construction services achieved revenue of 890 million yuan, accounting for 41% of total revenue, operating costs of 739 million yuan increased by 226.16% year-on-year; operation and maintenance services achieved revenue of 333 million yuan, accounting for 15% of total revenue, operating costs of 217 million yuan increased by 37.66% year-on-year.

The main business of Huayu Software is legal technology business, education informatization business, smart government business, enterprise services, etc. Among them, Law Technology achieved revenue of 1.013 billion yuan, operating costs increased by 96.86% year-on-year, and gross profit margin decreased by 13.91% year-on-year. Education informatization achieved revenue of 0.96 billion yuan, which did not reach the level of the same period in 2019, and the operating cost increased by 109.82% year-on-year. Smart government achieved revenue of 972 million yuan, and operating costs increased by 1218.7% year-on-year. Enterprise services achieved revenue of 72 million yuan, operating costs increased by 94.53% year-on-year, and gross profit margin decreased by 5.93% year-on-year.

During the reporting period, the top ten shareholders of Huayu Software were Shao Xue, chairman of the company, China Mobile Capital Holdings Co., Ltd., a wholly-owned subsidiary of China Mobile, Sichuan Development Big Data Industry Investment Co., Ltd., Shanghai Yunxin Venture Capital Co., Ltd. (hereinafter referred to as "Yunxin Venture Capital"), Industrial Bank, CITIC Securities, Everbright Bank, etc. Among them, Yunxin Venture Capital is an ant group (688688. SH) wholly-owned subsidiary, according to Tianyancha, Yunxin Venture Capital is mainly engaged in investment management and other businesses, and has invested in Weijin, Shangmi Technology, Mobile Phone Provident Fund, WeZhongxin, etc.

According to tianyancha information, Huayu software customers include Nanjing Tongda Information Technology Co., Ltd., Tongfang Co., Ltd., etc.; suppliers include Huawei Technologies Co., Ltd. and Beijing Huaxing Hongda Technology Development Co., Ltd.

In addition, Hoau Software set up an important subsidiary, Hoau Kinson (Beijing) Software Co., Ltd. (hereinafter referred to as "Hoau Kinshin") to venture into the blockchain field. The latter business mainly provides consulting and planning, application development, system construction, data services and operation and maintenance services using cloud computing, big data, artificial intelligence, Internet of Things, blockchain, mobile applications and other technologies. At the end of the reporting period, Huayu Jinxin had total assets of 313 million yuan and net assets of 76.5263 million yuan, and the net loss during the reporting period was 23.8108 million yuan.

Hoau Software said that in early February this year, it established a comprehensive strategic cooperative relationship with China Mobile, during the reporting period, Hoau Software combined blockchain depository, made certain achievements in the field of 5G+ and founded the Huayu ArteryChain blockchain platform.

In April 2019, Huayu Software announced that the company and Ant Blockchain Technology (Shanghai) Co., Ltd. signed the "Business Cooperation Framework Agreement", and the two sides will carry out all-round and in-depth cooperation in blockchain technology, trusted depository, judicial technology and other aspects.

In August 2020, Hoau Software said on the interactive platform that cooperation with Ant Blockchain is progressing smoothly, and it will jointly build a judicial blockchain platform "Wisdom Chain" in a way that organically combines judicial business + blockchain underlying technology. Based on the platform, the company completed the "blockchain" technology upgrade of the electronic litigation platform in more than 20 provinces (autonomous regions and municipalities directly under the central government) across the country.

It is reported that Wei Guangyu, secretary of the board of directors of Huayu Software, has said that the cooperation with Ant Company is mainly in the field of blockchain. Innovative products and solutions driven by blockchain as a technology will be an important engine for the company's performance growth.

According to public information, Hoau Software is an enterprise mainly engaged in software and information services, and its predecessor, Tsinghua Software Center, was once the application software department of Tsinghua Tsinghua Tsinghua Unigroup. From 2004 to 2006, after a series of equity transfers, Tsinghua Tsinghua Unigroup officially decoupled from Tsinghua Tsinghua Group and Tsinghua Tsinghua Shares, and was listed on the Growth Enterprise Market in 2011. The official website discloses that its business content includes information technology application innovation, artificial intelligence, big data, blockchain, cloud computing, etc.

This article originated from Blue Whale Finance

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