Source of this article: Times Finance Author: Zhang Ting
In the past year, the world economy has been faltering, and the development of all walks of life needs to face stronger challenges than before. At present, China's economic development has switched from high-speed growth to high-quality development, and the urban management service industry is also transforming and upgrading in the direction of "refinement", "low-carbon" and "intelligence".
In 2024, "building a beautiful China where man and nature coexist in harmony", "vigorously developing a low-carbon economy", and "accelerating the development of new quality productivity" will be written into the government work report. Looking back at the past six years, the urbanization rate of China's permanent population has increased from 60.2% to 66.2%, and it has entered the middle and late stages of rapid urbanization.
The new urbanization strategy has brought historic opportunities to China's urban service industry, and urban public services, micro-transformation, industry-city integration, and smart cities will all be necessary elements of future cities. Among them, managers with urban management capabilities will gain greater and broader growth space.
In the face of the opportunities of China's urbanization development, Qiaoyin Co., Ltd., which focuses on urban governance, actively promotes business expansion. As a "model student" who advances with the city, Qiaoyin adheres to the national service strategy in 2023, taking "industrial intelligence, service refinement, and model innovation" as the three major directions of urban service quality upgrading, and handing over the "Qiaoyin Answer Sheet" for high-quality development.
This is also reflected in the financial report.
On April 27, Qiaoyin released its 2023 annual report, according to which the company achieved operating income of RMB3.943 billion, net profit of RMB329 million, year-on-year increase of 7.8%, net profit of RMB305 million, year-on-year increase of 2.97%, and gross profit margin of 26.04%, up 0.63% year-on-year.
Profitability has risen steadily, and R&D investment has continued to grow
According to the financial report data, Qiaoyin will achieve a net profit of 305 million yuan in 2023, a year-on-year increase of 2.97%. As of the end of the reporting period, the company's total assets were 7.521 billion yuan, an increase of 9.30% over the beginning of the period, and the owner's equity attributable to shareholders of listed companies was 2.19 billion yuan, an increase of 14.42% over the beginning of the period.
The excellent performance of the performance data is closely related to the company's focus on the main business of urban services.
It is understood that Qiaoyin Co., Ltd. focuses on the main business of urban services, and has built a modern city-wide comprehensive service system integrating urban public services, micro-transformation and characteristic management, contributing stable income and profits to the company. Due to the synergy between the "@城市" all-for-one integrated service model and the company's various businesses, the overall profitability of Qiaoyin shares has increased steadily.
In its 2023 annual report, Qiaoyin pointed out that the company's global governance territory continues to expand and its professional capabilities continue to improve. In addition, 7 cities including Lijiang and Putian were added, and 1.327 billion yuan of Enping Rural Sanitation Integration Project and about 1.105 billion yuan of Zaozhuang City Steward Project were awarded. At present, the service scope of Qiaoyin covers more than 100 cities in 26 provinces across the country, and helps 58 cities to "create culture" and "create health".
For urban development, Qiaoyin shares not only bring the beauty and cleanliness of the city, but also improve the efficiency of the city and stimulate the vitality of the city. This stems from Qiaoyin's insistence on the three major directions of urban service quality upgrading: "industrial intelligence, service refinement, and model innovation".
"In response to the call for technology empowerment and building Qiaoyin's 'new quality productivity', Guangzhou Qiaoyin Digital Intelligence City Co., Ltd. was established in August, introducing a high-tech talent team, and jointly establishing Western Qiaoyin Digital Intelligence Technology (Chongqing) Co., Ltd. in conjunction with the intelligent network academician workstation. Qiaoyin said in mid-2023.
At present, Qiaoyin has explored a complete set of "digital smart city" solutions for the city-wide comprehensive governance service model, and strives to create a new paradigm of industrial development in China's urban management field empowered by technology. This requires enterprises to increase investment in scientific and technological research and development on the basis of reducing costs and increasing efficiency.
According to the financial report data, the vehicle operating cost of Qiaoyin Co., Ltd. decreased by 11.628 million yuan, the personnel cost decreased by 43.2656 million yuan, and the management expenses decreased by 1.39% year-on-year. At the same time, Qiaoyin has updated the operation function of the digital intelligence cloud control platform to improve the efficiency of urban fine governance, improve the operational efficiency through the digital intelligence platform, and realize the standardization of quality inspection, the global application scenarios, the automation of vehicle management, the standardization of personnel management and the intelligent management of facilities through digital intelligence services. Vehicle operation efficiency increased by 0.24%, and personnel cost efficiency increased by 0.96%. In addition, the company still insists on increasing R&D investment. In 2023, Qiaoyin's R&D investment will be 43.1486 million yuan, a year-on-year increase of 51.84%.
With decades of experience in the urban service industry and continuous business advantages, Qiaoyin has obtained the first special "City Butler Service Certification". The industry's first national standard for the setting of garbage collection devices, "General Requirements for the Setting of Municipal Waste Collection Devices" (GB/T 42767-2023), which the company participated in compiling, was officially implemented.
It is understood that Qiaoyin is now the vice president unit of China Urban Environmental Sanitation Association, and has participated in the drafting, editing and compilation of more than 10 national standards and group standards, including "Requirements for Urban and Rural Community Sanitation and Cleaning Services", "General Requirements for the Establishment of Urban Waste Collection Devices", "Operating Regulations for Domestic Waste Collection and Transportation", "Operating Regulations for Urban and Rural Road Cleaning", etc., and the influence of the industry is continuing to expand.
A-share environmental sanitation ESG pioneer, leading the transformation and high-quality development of urban services
The urban services industry is different from other industries.
The urban service industry has higher requirements for enterprises, and emphasizes the green ecological concept of "sustainable development". It is understood that under the guidance of the "dual carbon" strategy, Qiaoyin actively promotes green equipment procurement and green operation, invests in the construction of a circular economy system, launches a low-carbon earth home applet, carries out green public welfare activities, and strives to build a zero-waste city with practical actions.
According to the financial report information, during the reporting period, Qiaoyin completed more than 50 large-scale activities such as the 2023 International Biodiversity Global Main Event, the 7th China-South Asia Expo and the 27th China Kunming Import and Export Fair, Guangzhou International Dragon Boat Invitational Race, China-Central Asia Summit, 2023 Eurasian Economic Forum, Nanchang National Day Fireworks Gala, etc.
In order to successfully hold the event, Qiaoyin Co., Ltd. played a "combination punch" of service guarantee, made great efforts to "embroider the effort", refreshed the "clean" index of the city, and polished the background color of urban civilization. Improve the level of refinement through embroidery-like carefulness, patience and ingenuity, and embroider the quality brand of the city. This has also won the recognition of customers for Qiaoyin shares. As of December 31, 2023, the company's total pending orders on hand exceeded 42.7 billion yuan.
In addition, Qiaoyin Co., Ltd. seized the opportunity of rural revitalization and solved the problem of unbalanced urban and rural development with the integration model of urban and rural sanitation, helping to build the "National Rural Governance Demonstration Village" and the first batch of typical counties, towns and villages of Guangdong's "Millions and Millions Project".
In recent years, countries and industries around the world have emphasized the importance of ESG. As a company that provides city butler services, Qiaoyin has been dealing with "sustainable" development for a long time, and has a more prominent advantage on the road to ESG than other companies.
According to the financial report, in 2023, Qiaoyin Co., Ltd. is committed to building a harmonious ecology with employees, customers, industry, environment and society, and continuously improving the ESG management system, so it has won many awards such as the "2023 ESG Era Pioneer Listing Award", "ESG Excellent Case", and "2023 Green Sustainable Development Contribution Award".
In addition to continuing to help improve the environment, helping students and education, supporting public welfare undertakings such as emergency rescue and disaster relief in various places, it also helps to build a childbirth-friendly society. It is understood that the company held a "family, not afraid of life" employee maternity welfare system and childbirth warm heart pack donation conference, and introduced employee fertility incentive policies, including reimbursement for new employees for their children's 0 to 3 years old milk powder, diapers and other daily expenses, bear the tuition fees of public kindergartens for newborn employees with two children, and give a one-time reward of 100,000 yuan to employees with three children. Employees will be rewarded up to 250,000 yuan for having three children.
Since its establishment, the company has been committed to the field of environmental sanitation management, with a nationwide business layout, covering nearly 100 cities in 26 provinces across the country, helping 58 cities to create, create, create and maintain health, forming a national business layout, and has been rated as one of the top ten influential enterprises in China's environmental sanitation by the E20 environmental platform for five consecutive years.
In this field, brand advantage and scale advantage are crucial.
Through the high-quality requirements of the business over the years, Qiaoyin has continuously improved the company's influence in the industry, and the company's scale has also expanded with the continuous development of business, forming a certain gap with competitors, further consolidating and improving the company's industry position.
It is reported that the application for a private placement of no more than 1.2 billion yuan was approved by the CSRC on July 26, 2023. According to the company's introduction, the fixed increase can promote the company to better achieve urban cost reduction and efficiency increase, which is conducive to the improvement of the mechanization rate of sanitation and the level of urban smart governance.
"The smooth issuance of the follow-up private placement will further strengthen the company's market expansion capabilities, enhance the company's market share and brand influence, and lay a solid foundation for the company's high-quality development. Qiaoyin said in its 2023 annual report.
It is worth noting that on the evening of the same day as the disclosure of the 2023 annual report, Qiaoyin also disclosed the first quarter report of 2024.
According to the financial report data, in the first quarter of 2024, Qiaoyin Co., Ltd. achieved an operating income of 978 million yuan and a net profit attributable to the parent company of 96.1984 million yuan. Among them, the company achieved a net profit of 97.9918 million yuan, a year-on-year increase of 28.35%, and R&D expenses of 12.2736 million yuan, a year-on-year increase of 107.10%.
From the implementation of environmental sanitation integration to the upgrading of urban stewardship, to the "@城市" all-for-one integrated service model, Qiaoyin is helping each region and city to move towards the evolutionary path of high-quality development through the transformation from serving cities, managing cities to operating cities.
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