Author: Guo Jianhang
Customers of various financial institutions are sinking, the more customers sink, the less credit data, the greater the risk faced, and thus the demand for large data wind control.
According to the recent reports of listed companies published in succession, the company's profitability can be improved by its strong financial and technological capabilities. According to the Shenzhen Stock Exchange's Xiangmihu Financial Technology Index (399699.SZ) of 66 financial technology companies, their total operating income in the first half of 2008 was 162.771 billion yuan, up 31.64 percent from 123.653 billion yuan in the same period last year. Among them, 55 companies operating income grew year-on-year. For the reasons of revenue growth, it is generally attributed to the increase in purchasing from financial institutions and the improvement of independent R&D capabilities of companies. In addition, the 66 companies achieved a net profit of 6 billion 708 million yuan in the first half, an increase of 12.48% over the same period last year.
Among them, the mid-term performance of Shenzhou Information (000555.SZ) in 2018 showed that business income of 4.161 billion yuan, an increase of 12.93% year-on-year; net home profit increased by 172.54% year-on-year; net non-home profit increased by 6.99% year-on-year.
Zhang Yunfei, Secretary of Shenzhou Information, told China Business Daily that the company put forward a strategy focusing on financial technology at the beginning of the year. It can be seen that the income share of the whole financial industry has greatly increased in the first half of the year.
Targeting traditional financial institutions
Financial technology business brings significant profits to IT service enterprises.
"In the first half of last year, the financial sector accounted for 31% of the total revenue, while in the first half of this year, the financial sector as a whole accounted for 42%.
In Zhang Yunfei's view, the growth of financial business represents the optimization of the whole structure. "The financial industry, whether from the overall gross margin level, or the gross margin level of software and service income, is the highest among the three industries of Shenzhou information. Revenue in the financial sector grew 54% in the first half compared with the same period last year, with overall gross margins reaching 21% and government-enterprise gross margins at 17%. Operators'revenue fell slightly, mainly due to individual cyclical fluctuations in their own orders.
According to the public information, Shenzhou Information is a subsidiary of Shenzhou Holding Group. At present, its main business involves four major industries, including finance, government, operators and agriculture.
Zhang Yunfei said, "We focus on the core products of financial technology, in the first half of the market share reached about 50%. In the first half of the year, there were eight core systems for banks to open tenders, and we have won four bids, including large-scale banks such as the Export-Import Bank.
According to reporter's understanding, the financial business of Shenzhou Information mainly serves the customers of traditional financial institutions such as banks. According to the data of Shenzhou Information, in the first half of 2018, ESB Enterprise Service Bus System signed nine customers, and the total number of banks serving more than 70. Adding customers from other non-bank financial institutions, it is expected that the number of customers serving the product as a whole will exceed 100 by the end of the year.
Zhang Yunfei said, "In the construction of ESB (Enterprise Service Bus), Shenzhou Information basically monopolized the state-owned and joint-stock banking market."
It is noteworthy that Shenzhou Holdings (00861.HK), the parent information company of Shenzhou, also issued a semi-annual report in the same period. The semi-annual report of Shenzhou Holdings showed that the turnover in the first half of 2018 was HK $6.986 billion, an increase of HK $1.253 billion, up 21.86% from the same period of last year.
For the increase in turnover, Shenzhou Holdings attributed to "mainly due to the financial technology and intellectual logistics during the period of sustained growth driven".
In fact, the development of financial technology business is inseparable from the increasing demand for online financial services from traditional financial institutions.
In the recently published data, the data of state-owned banks serving financial services online can also confirm that the banking industry's demand for online financial services technology has increased significantly.
IDC, an international data company, argues that by 2022 the market size will reach nearly 90 billion yuan, with an average compound annual growth rate of more than 20%. As the market continues to expand, the attitude of customers towards financial technology will become increasingly clear.
Financial technology investment
According to reporters, in the current market service system of financial science and technology, there are many participants, including self-built teams of financial institutions, such as Xingye Sum Jin led by Xingye Bank; services provided by traditional Internet institutions, such as Aliyun and Tencent Financial Cloud; in addition, there are some from technology. Technical services provided by service providers or financial technology companies, such as Shenzhou Information and 360 Finance, which is split by 360 Group, provide technical services to financial institutions.
In terms of serving customers, Ali Financial Cloud and Tencent Financial Cloud serve more new financial enterprises and Xingye Financial Cloud serve more traditional licensed financial institutions. In terms of providing services, Ali Financial Cloud and Tencent Financial Cloud provide more wind control and levy of big data. Credit, anti-fraud, accurate screening of customers and other services to help financial institutions to do Internet business; Xingye Shuangjin is the export of all services for small and medium-sized financial institutions, including channels, products, core clearing and management systems.
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