Chuangye Software Reports 2016 Revenue Exceeding RMB 548 Million, Net Profit Over RMB 63 Million, with 37.87% Growth in Healthcare IT Business

VCBeat News,On March 28, B-Soft released its 2016 annual report. According to the report, B-Soft achieved an operating revenue ofRMB 548,645,300, a year-on-year increase of 28.80%; total profit amounted to7,385.6310,000 yuan, an increase of % year-on-year26.69%; achieving the net profit attributable to shareholders of the listed company6,300.3410,000 yuan, an increase of % year-on-year26.81%。

Key Financial Data of B-Soft in 2016 Data Source: "B-Soft 2016 Annual Report》

In 2016, the Company actively implemented the annual business plan formulated at the beginning of the year, continued to base itself in the healthcare information technology industry, leveraged its established comprehensive advantages, and closely followed the indus-industry pace, expand into emerging markets, extend and integrate into smart healthcare and health services, continuously enhance performance growth and profitability, and gradually shift the company's core business from software-basedexpanding from a focus on software product development and sales into the fields of information system operations and maintenance services and regional medical health platform operational services.

Leveraging its established comprehensive advantages, the company’s product development strategy aimed at further increasing market share has achieved strong operational performance;During this period, the Company has continuously strengthened its project implementation and acceptance efforts, while launching new technologies and applications that meet market demands to expand its market share.

Additionally, the company has increased its investment in mergers and acquisitions.Intensity: On the basis of its existing business in the medical informatics software market, it integrated upstream and downstream resources, completing the merger and restructuring of Botai Service, Zhongtuo Information, and Chuangyuan Environment....and other acquisitions, strengthening the construction of the company’s comprehensive service system, facilitating a gradual shift from being dominated by software product development and sales to focusing on information system operation and maintenance services and regional medical health platforms.laying a solid foundation for expanding into big data application operation services.

In recent years, there has been a significant surge in customer demand for personalized services from information technology applications that are deeply integrated with their business operations. Adhering to a customer-centric approach, the company has further aligned itsMeet customer needs, respond promptly and efficiently, localize services, reduce service costs, significantly enhance customer satisfaction, and increase the company's market share and overall profit margins.level, and enhance core competitiveness.

Meanwhile, as the development of healthcare information technology application software deepens and investment in the medical informatics market continues to expand in recent years, the companyExtensive experience in medical informatization, comprehensive hospital IT solutions, strong R&D capabilities, a diverse product portfolio, high-quality products, and a robust marketing network.VCBeat possesses significant advantages in the industrial development of healthcare informatization.

During the reporting period, leveraging the company's“Innovation-Driven, Service Transformation”core planning, comprehensive product portfolio,A relatively comprehensive marketing service model and strategy, coupled with strong R&D capabilities,Revenue Generated from Sales of the Company’s Healthcare IT Application SoftwareRMB 421.1879 million,Year-over-Year Growth37.87%。

Revenue Data of B-Soft in 2016 (by Industry) Data Source: "2016 Annual Report of B-Soft》 

In 2016, the Company comprehensively considered the current development stages and trends of smart healthcare, healthy cities, and health data in China, as well as the potential market size and competitive landscape, pro-product maturity, the availability of conditions for data accumulation, and other factors, while also taking into account its own capabilities, the company has designated smart healthcare and medical big data as key areas for future development.Focus on strategic directions, striving to become a leader in smart healthcare and healthy cities, a regional leader in data platform solutions, and an innovator in the field of big data for healthcare.

To furtherTo further improve the company's layout in the smart healthcare and health data industries, the company plans to increase its R&D investment and support for new products, new technologies, and new models in the future.degree.

During the reporting period, the company focused on strategic projects in smart healthcare, healthy cities, and health data, notably the “Zhongshan Regional Health Information Platform Construction and Operation Project.” Over the past yearconstruction, currently public medical institutions in the city have basically accessed the regional health information platform, Zhongshan Resident Health Portal, Zhongshan Appointment Registration Platform, HealthyMountainAPP, applications such as the Zhongshan Health WeChat Official Service Account have been made accessible to the public, and the One-Card Project has been successfully promoted citywide in Zhongshan City.2016One of the Top Ten Livelihood Projects of the YearThe health-benefit project for the public has been fully implemented.

of the Zhongshan Project“Project Construction+Franchise Rights”The model, through more than a year of practice, in terms of implementation methods and organizational structure,structure and daily management have gradually improved, becoming a new model for the company's regional medical construction and operational mode.,After gaining a certain level of experience and confidence,This mode hasto be rolled out to other regions across China in a more mature form.

In recent years, the continuous development and widespread application of the Internet of Things (IoT), big data, and cloud computing have effectively promoted the development of healthcare informatization products and expanded their scope of application, enablingBy equipping residents with the cognitive and practical foundations for interacting with medical institutions and devices, new growth opportunities are created for the industry.

Meanwhile, with the rapid development of China’s economy, improvements in living standards, and increased government investment in public health, investment in the healthcare informatics market hasThe scale continues to expand, and the overall market size is growing rapidly.

Self2011Since [year], the market size of China's medical informatization has been growing annually by20%The aforementioned growth rate has continued to rise, as of2015The annual market size of healthcare informatization has already reached318100 million yuan。

During the reporting period, the Company actively developed new technologies and products, bringing about novel changes in product offerings and business models to the healthcare informatization market. Meanwhile, the Com-The Company keeps pace with industry developments, expands into emerging markets, creates new profit growth drivers, and continuously enhances performance growth and profitability.

During the reporting period, the Company engaged in capital operations and industry consolidation by acquiring Botai Services, Zhongtuo Information, Hangzhou Weiqin, and Hangzhou Zhuoteng, thereby enhancing its medical informationmarket share in the chemical sector, further solidifying the company’s customer base and expanding its product and service models.

Meanwhile, during the reporting period, the company made an external investment in Meikang Network.Xinzhongfu Investment participated in the initiation and establishment of Changshou Health Insurance Co., Ltd. (in preparation). This has expanded the company’s business scale and profitability, fully leveraging its advantages in procurement and production.Integration across manufacturing, technology and R&D, marketing and services, and product and business content enhances the company’s core competitiveness and sustainable profitability.

In 2017, the company had already internallyThe R&D project plan initiated by the department is as follows:

B-Soft in 2017Department-Approved R&D Project PlanData source: 《2016 Annual Report of B-Soft》 

a. With the continuous advancement of healthcare informatization, medical institutions and health administrative departments have accumulated vast amounts of medical data.Through big data application and analysis,Enabling healthcare institutions to integrate and leverage both structured and unstructured data, and to perform information analysis and data mining through data applications., in clinical practiceProviding healthcare big data applications to health administrative departments, medical institutions, and regional residents in areas such as medicine, medical affairs management, government administration, and resident health management.comprehensive healthcare IT application support services centered on

b. To align with the major trend of healthcare informatization in China and actively engage in the broader health industry, the Company is gradually shifting its core business fromPrimarily engaged in the development and sales of software productsThe focus is gradually shifting toward smart healthcare, regional health, and healthy cities as the main directions for development., by establishing a medical and health operations platform based on residents' electronic health records and integrating medical care with elderly careCross-industry interconnectivity among services, pharmaceutical distribution, and commercial health insurance is being realized to jointly build a comprehensive, end-to-end industry chain for the broader health sector.

c. The company will closely monitor industry trends and conduct in-depth analysis of market demand,Positioning the Company’s Business from the Perspective of the Entire Industry Chain of Smart Healthcare and Health Services, withInternet thinking, adjusting and upgrading the company's business ideas, operating models, personnel structure, etc., and doing a good job in the implementation of typical projects (Zhongshan operation project),To set a demonstration for subsequent industrialization and promotion.