宇信科技（300674）2025年度报告要点深度解析

一、业绩表现与分红政策

宇信科技作为国内金融科技解决方案市场的领导者，在2025年度报告中展现了稳健的财务表现及持续增长动力。公司2025年实现营业收入36.23亿元，虽较去年下滑8.46%，但扣除非经常性损益后归属母公司股东净利润达4.15亿元，同比增长18.77%，展现出盈利能力的显著提升。经营活动现金流净额为6.21亿元，虽然较去年下降33.95%，但依然保持强劲，为未来战略投入提供保障。

值得注意的是，公司董事会通过了2025年度利润分配方案：以701,451,904股为基数，每10股派发现金红利3元（含税），合计派发分红现金股利2.1亿元，分红金额创新高。这不仅体现了公司对股东的积极回馈，也反映了其对未来可持续成长的信心。

二、战略升级——“AI+全球化+Web3”三大战略驱动

025年是宇信科技锚定“AI+全球化+Web3”三大战略，开启战略升级的关键一年。公司定位为AI时代金融新基建“总架构师”，聚焦“双轮驱动、创新融合、原研引领”核心路径，全面构建长期主义核心竞争力。

• 双轮驱动：公司坚持金融深耕和智能升级并进，持续夯实金融IT主航道，巩固在核心系统、信贷、风控、数币等领域的市场领导地位。报告期内，国有大行、股份制银行、政策性银行及大型城商行贡献主营收入57.39%，中小银行和农信社贡献29.63%，非银金融机构及其他客户贡献12.98%。主营业务健康度强劲，现金流稳健。
• 创新融合：公司将AI深度融入金融科技全业务版图与核心流程。核心系统进行AI原生改造，智能体平台化输出能力已在多家银行上线。信贷、财富管理、风控等模块从“规则驱动”升级为“模型驱动”。AI Agent应用已覆盖营销、风控、运营、监管等核心场景，大幅提升业务效率与精度。
• 全球化推进：公司系统性输出中国金融科技最佳实践，成功拓展至欧洲市场，外资银行和海外客户营业收入达5828万元。数字化升级替代海外传统系统，创新赋能助力新兴市场实现数智化转型。形成“港澳深耕、东南亚布局、欧洲突破、中东及非洲探索”的梯次化市场开拓，全球化战略成果显著。
• 原研引领：公司研发投入3.66亿元，占营业收入10.09%，软件著作权增至842件，专利数增至71件。AI研究院建设加强，顶尖人才引聚，研发团队扩充，推进大模型应用、算力集群搭建等创新技术，保障公司在AI与Web3领域持续引领。

三、重点产品线与创新业务突破

• 信贷业务：持续领跑行业，新客户综合信贷系统建设订单斩获，AI智能体应用在多家金融机构落地。新版特殊资产系统产品深度融合AI能力，助力银行提升回收率与管理效率。
• 数据业务：AI原生重构，海外新签订单额翻倍增长。新一代智能交付引擎和“星辰”ChatBI数据智能分析产品实现规模化落地，数据智能平台建设在股份制银行、城商行、农商行份额领先。
• 监管合规：连续中标“一表通”等重点项目，AI+监管场景在多家金融机构落地，巩固行业领先地位。
• 数字银行：能力全面拥抱AI大模型，海外市场拓展实现突破。手机银行超级App、AI助手、企业网银等核心产品在“一带一路”沿线国家持续落地。
• 智能金融与Web3：数字货币系统一期项目在境外银行投产，推动公司从国内数币方案提供商向全球数字货币生态联接者跃迁。自主研发的智能合约消费红包产品应对数字货币普及新场景。

四、创新运营业务与智算租赁服务

• 零售信贷运营：自营数字化转型升级，获得“十四五”金融创新优秀案例奖。中标国有银行信贷黑产反欺诈咨询项目，增强风险治理能力。
• 场景金融：普惠金融与汽车金融协同推进，流量渠道拓展，业务持续增长。
• 海外运营：印尼数字银行联合运营合作稳步推进，经验复制至越南、非洲等新兴市场。
• AI技术应用：智能体建设与应用持续深化，核心场景能力增强。
• 智算租赁：基于“宇信金融云”，推出创新智算租赁服务解决方案，为金融机构提供开箱即用的云上算力服务，解决AI智算领域投入高、落地难的问题，抢占数智经济制高点。

五、资本市场布局与员工激励

• H股境外上市：公司拟发行境外上市外资股（H股）并申请在香港联交所主板挂牌上市，筹集资金加速全球化布局，推进技术研发、战略合作、投资并购，升级运营服务，巩固国内市场领先地位。
• 员工持股计划：2025年完成二期员工持股计划，一期激励347人、900万股，二期80人、196.8万股，增强团队稳定性与创新活力。

六、奖项与品牌影响力提升

公司及自主研发产品在2025年荣获多项权威奖项，如“新一代信息技术创新产品”、“AI大模型创新之星”、“高新技术企业创新能力AAAAA”等。品牌影响力持续提升，成为金融科技行业标杆企业。

七、投资者关注的价格敏感信息

• H股发行及香港联交所上市计划：此举将为公司国际化战略和资本实力带来质的飞跃，有望提升企业估值和全球影响力。
• 分红金额创新高：每10股派发现金红利3元，合计派发2.1亿元，优厚回报或增强投资者信心。
• AI及Web3领域持续投入：公司在AI大模型、智算租赁、Web3支付等前沿技术领域持续加大研发投入，相关产品与服务在国内外金融机构落地，有望成为新增长点。
• 海外业务突破：海外营收快速增长，特别是欧洲、东南亚、中东等新兴市场的成功拓展，标志着国际化业务进入规模化发展阶段。
• 员工持股计划与研发投入：加强团队稳定性和创新能力，为公司长期发展提供坚实保障。

八、结论：长期主义驱动的金融科技新篇章

宇信科技坚定推进“AI+全球化+Web3”战略，持续引领金融科技行业变革。公司经营稳健、现金流充足，研发投入高、创新能力强，海外市场拓展迅猛。H股上市计划、分红创新高、AI与Web3领域持续突破，均为投资者提供强有力的信心支撑。未来，宇信科技有望成为全球金融机构数字化转型与智能化升级的首选伙伴，投资价值显著提升。

免责声明

本文仅供参考，不构成任何投资建议。投资者需自行判断并承担相关风险。请以公司公告及证监会指定媒体正式披露信息为准。

Yusys Technologies (300674) 2025 Annual Report Highlights – Investor Detailed Analysis

1. Performance and Dividend Policy

Yusys Technologies, a leader in China’s fintech solutions market, delivered solid financial results and sustained growth momentum in its 2025 annual report. Revenue reached RMB 3.62 billion, down 8.46% YoY, but net profit attributable to shareholders after non-recurring items rose 18.77% to RMB 415 million, reflecting strong profitability. Net operating cash flow was RMB 621 million, down 33.95%, but still robust and sufficient for strategic investments.

Importantly, the board approved a record-high dividend plan: RMB 3 (tax included) per 10 shares, totaling RMB 210 million for shareholders. This demonstrates active shareholder returns and confidence in sustainable growth.

2. Strategic Upgrade – “AI + Globalization + Web3” Triple Strategy

025 marks a pivotal year as Yusys launches its “AI + Globalization + Web3” strategic upgrade, positioning itself as the “Chief Architect” for financial infrastructure in the AI era, focusing on dual-engine, innovation integration, and original research leadership.

• Dual Engine: Deeply cultivating finance and intelligent upgrades, Yusys maintains leadership in core systems, credit, risk control, and digital currency. Large state-owned banks and major city commercial banks contributed 57.39% of main business income, smaller banks 29.63%, and non-bank/other clients 12.98%. Business health and cash flow remain strong.
• Innovation Integration: AI is deeply integrated across business lines and processes. Core systems are AI-native, with intelligent agent platforms deployed in multiple banks. Credit, wealth management, and risk modules transition from rule-driven to model-driven. AI Agent applications enhance marketing, risk control, operations, and compliance efficiency and accuracy.
• Globalization: Yusys successfully expands into Europe, with overseas revenue from foreign banks and clients reaching RMB 58.28 million. Domestic fintech best practices are exported to emerging markets, forming a tiered market layout: Hong Kong/Macau, Southeast Asia, Europe, Middle East/Africa. Globalization is now a strategic pillar.
• Original Research Leadership: R&D investment reached RMB 366 million (10.09% of revenue), with 842 software copyrights and 71 patents. AI research institute strengthened, top talent recruited, and core teams expanded, ensuring continuous innovation in AI and Web3.

3. Product Line & Innovation Breakthroughs

• Credit Business: Maintains industry lead, wins new client orders, and AI agent solutions are deployed across major banks. The latest asset management system integrates AI for improved recovery and management efficiency.
• Data Business: AI-native transformation, overseas orders doubled. New generation smart delivery engine and “Xingchen” ChatBI analytics product achieve large-scale deployment. Data platform market share remains high among major banks.
• Regulatory Compliance: Multiple key project wins, with AI+compliance solutions deployed across institutions, consolidating leadership.
• Digital Banking: Fully embraces AI models, breakthrough overseas expansion. Super App, AI assistants, corporate banking, and digital wallets are deployed along the Belt & Road.
• Smart Finance & Web3: Digital currency system for overseas banks successfully deployed, marking a leap from domestic provider to global ecosystem connector. Smart contract consumer red envelope product addresses new digital currency scenarios.

4. Innovative Operations and Smart Computing Rental Services

• Retail Credit Operations: Digital transformation, awarded “14th Five-Year Financial Innovation Case”. Won major bank anti-fraud consulting project, enhancing risk management.
• Scenario Finance: Advances in inclusive finance and auto finance, with expanded traffic channels and sustained growth.
• Overseas Operations: Indonesian digital banking joint operation progressing steadily, with experience replicated to Vietnam, Africa, etc.
• AI Technology Application: Smart agent construction and application deepened, core scenario capabilities strengthened.
• Smart Computing Rental: “Yusys Financial Cloud” offers innovative smart computing rental, addressing high AI investment and deployment challenges, supporting client innovation.

5. Capital Market Layout and Employee Incentives

• H-share Listing: Yusys plans to issue H-shares and list on the HKEX main board, raising funds to accelerate global expansion, technology R&D, M&A, sales channel upgrades, and strengthen domestic leadership.
• Employee Stock Plan: Two rounds completed in 2025: 347 employees granted 9 million shares, 80 employees granted 1.968 million shares, enhancing team stability and innovation.

6. Awards & Brand Influence

Yusys and its products won numerous authoritative awards in 2025, including “New Generation Information Technology Innovation Product”, “AI Model Innovation Star”, “AAAAA High-Tech Enterprise”, etc., cementing its industry benchmark status.

7. Price Sensitive Investor Information

• H-share Listing Plan: Expected to boost valuation, global influence, and capital strength.
• Record-high Dividend: RMB 3 per 10 shares, totaling RMB 210 million, may strengthen investor confidence.
• Continued AI & Web3 Investment: Sustained R&D in AI models, computing rental, and Web3 payments, with new products/services deployed in domestic and overseas financial institutions, potential new growth points.
• Overseas Business Breakthrough: Rapid growth in Europe, Southeast Asia, Middle East, etc., marks the scaled development of international operations.
• Employee Stock Plan & R&D Investment: Team stability and innovation ability strengthened for long-term growth.

8. Conclusion: Long-termism Drives New Fintech Chapters

Yusys firmly advances the “AI + Globalization + Web3” strategy, continuously leading fintech industry transformation. Stable operations, strong cash flow, high R&D, robust innovation, and rapid overseas expansion. H-share listing, record dividend, and ongoing breakthroughs in AI and Web3 provide strong investor confidence. Yusys is poised to be the preferred partner for global financial institutions in digital and intelligent transformation, with significant investment value.

Disclaimer

This article is for reference only and does not constitute investment advice. Investors should make their own decisions and bear relevant risks. Please refer to official company disclosures and CSRC-designated media for accurate information.

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