Kingdee International loses 140 million cloud products last year

In the context of a 28.5% per cent growth in the domestic software industry last year, the annual report of Kingdee International (00268,HK), which is still at a difficult stage in the domestic software industry, is a further blow to confidence in the company's recovery.

Although Kingdee said will be determined to step into the cloud era, but there are insiders to the "Daily economic news" Reporter said, for the current domestic software companies, cloud products become the core of profit that day is far from coming.

Last year lost 140 million yuan

March 20, Kingdee International announced the annual results as at December 31, 2012. The company said that the reporting period was affected by macroeconomic uncertainties and other factors, the group's operating income negative growth. 2012-year operating income of about 1.765 billion yuan, a decline of 12.7% from 2011, net profit of 140 million yuan loss, and a year ago the company net profit of 150 million yuan.

Among them, the group realizes the software sales revenue 874 million yuan, falls 19.7%, realizes the service income 840 million yuan, falls 1.7%. In addition, the gross margin of 1.147 billion yuan, down 19.1% per cent, gross margin also declined, about 65%, mainly due to the increase in the proportion of service income.

This is also following 2011 net profit fell by nearly 50%, Kingdee international performance again appeared diving. The 2011 Annual results released last March showed that the company's revenue of 2.022 billion yuan, an increase of about 40.8% per cent, but equity holders should account for only 145 million yuan, down 46.6%.

For the reasons for the decline in Kingdee's performance in the past two years, CIC consultant IT industry researcher Wang Ningyuan, in an interview with the Daily economic news reporter, pointed out that Kingdee software has been committed to business transformation in the past two years, from the development of management software and sales to advisory services. As the transformation of consulting business needs long-term accumulation, and the company's software business market competition, the market position is not stable, kingdee transition too hasty, leading to its recent two-year performance decline; At the same time, the rise of "cloud" services to Kingdee software transformation formed more variables and risks.

"Cloud" is difficult to improve performance in the short term

On the 2012 performance, Kingdee International recently wrote in its official website, "Cloud Management innovation, light, firmly into the cloud era", the company said that through active exploration of cloud management innovation, focus and enhance the competitiveness of core products, strengthen the old customer management, control cost and cost growth and a series of measures.

However, for the current domestic software companies "words must be called cloud" enthusiasm, Wanguo industry researcher Cho Hao had said in an interview with the Daily economic news reporter that the day that cloud management products became the core source of revenue and profit was "far from over"; the strategic focus of domestic software enterprises should be "return products", Instead of obsessing over technical gimmicks.

Cho Hao pointed out that the current domestic management software enterprise pressure is not in the economic environment, but the product is not perfect, the business model is not flexible, the ecological environment of the industrial chain is not healthy, "the main management software enterprises in the past few years, rapid expansion of the current problem outbreak." Management software companies should shrink the front line and focus on grinding products. Only the product is strong, the business model will be flexible, can Shanruta in the depressed economic environment. ”

It is worth mentioning that, in spite of the macro-economic challenges in the past 2012 years, enterprises have also reduced IT spending to varying degrees, but both domestic and foreign manufacturers, there are still many software companies to hand over the bright-eyed performance statements.

The reporter noted that in July 2012, SAP China Region President Xiao revealed that sap in the Chinese market entered a high-speed development phase, the second quarter of 2012 SAP China's performance growth of 30% year-on-year, the highest level ever; January 2013, Main industry (electric power) application software far-light software released performance notice revised notice that the 2012 is expected to be attributable to the listed company shareholders of the net profit profit of 2.75 to 294 million yuan, compared to the same period of growth 30%~40%.

(Responsible editor: The good of the Legacy)