(1) Industry leader: The company is the largest supplier of enterprise management software in the Asia-Pacific region, the largest supplier of management software, ERP software, financial software, customer management software, financial software, financial enterprise management software and asset management software in China, and the largest independent software supplier in China. According to the 2008-09 China Management Software Market Research Annual General Report released by CCID, the company's market share in the ERP software field in China is 25.6%, ranking first in the ERP market for seven consecutive years. The company's market share in China's financial management software market is 27.6%, ranking first in China for 18 consecutive years; The company's market share of management software in China is 265,438+0.3%, and it has been the management software manufacturer with the highest market share in China for seven consecutive years. In the fields of management software, ERP software and financial software in China, UFIDA's market share in 2008 exceeded the sum of the second and third places in the market. Beijing UFIDA Ives Software System Co., Ltd., a holding subsidiary of the company, has a market share of 17. 1% in EAM software, ranking first in the EAM software market for four consecutive years. Beijing UFIDA Software Technology Co., Ltd., a subsidiary of the company, ranked first in the market share of collaborative application management software for five consecutive years.
(2) Patented software: a leading enterprise in the software industry, with the largest enterprise application software R&D center in China, headquarters, Nanjing R&D center, postdoctoral mobile station and the only JDP joint laboratory in Asia that cooperates with Microsoft. Through the business strategy of UFIDA partners, the largest industrial chain of management ERP software in China has been established to provide quality services to customers together with partners; It has signed contracts with many foreign companies such as PSWP, the largest steel manufacturer in Thailand, and Mitsubishi, the largest bank in Japan, and implemented full service.
(3) Important product: UFIDA U9: the world's first new generation enterprise management software based entirely on SOA, which was launched in the first quarter of 2008. This product is aimed at the mid-range and high-end market. The launch of U9 will significantly enhance the product competitiveness of UFIDA in the middle and high-end market, especially in manufacturing. The goal in 2009 is to apply U9 to at least 100 enterprises, and it is planned to achieve the sales target of 100 billion yuan in three years. UFIDA ERP-U8: U87 1 and U872 will be listed in 2008. U8 is the main product of UFIDA in the mid-range ERP market. U87 1 and U872 will further enhance U8' s competitive advantage and promote the growth of U8 business. UFIDA ERP-NC:NC: NC is UFIDA's main product for high-end market (including group HR products). In July 2008, the company officially launched a new generation of online services based on SaaS model. UFIDA's online service business is a strategic cultivation business determined by the company based on the transformation of software business model, which will play a positive role in promoting the development of the company's main business.
(4) Wide product coverage: The company has formed three strategic business lines, NC and U8, which provide services for large, medium and small enterprises respectively. In 2006, NC business focused on promoting construction real estate, metallurgy, electric power, tobacco and other industries; HR business headquarters performed well in the HRM software market in 2006, and successfully signed contracts with strategic customers such as China Telecom and China Unicom. The Small Management Software Division added nearly 400 partners throughout the year; The Training and Education Division has provided a large number of talents for companies, partners and society through consulting classes, customized talents in colleges and universities, and certification examinations. , and maintained the share of ERP laboratories in colleges and universities; ERP-NCV5.0 was newly launched on June 5438+February 2006, which can meet the new accounting standards issued by the Ministry of Finance. The market sales target is 65.438+0.5 billion yuan. The software is mainly aimed at six key industries: finance, tobacco, metallurgy and steel, military industry, real estate and administration, and is expected to be extended to coal and telecommunications.
(5) Large investment in scientific research: The company insists on promoting independent innovation, while the construction of UFIDA Software Park, the company's software industry base, is progressing smoothly and the project progress is accelerated. The first phase of the main project was completed on March 22, 2007 and put into full use. Nearly 3,000 people, including the headquarters of joint-stock companies, holding companies and shareholding companies, have settled in the Software Park, with a cumulative investment of 650 million yuan by the end of 2008.
(6) Equity incentive plan: 65,438+0,797.1.200 shares were awarded to supervisors, senior executives and other incentive targets, and the incentive price in 2007 was 65,438+0.81.7 yuan/share (6,739,200 shares were awarded to incentive targets on August 6, 2007). The stock source is to grant new shares to the incentive object, accounting for 8% of the total share capital and valid for five years. Among them, for the reserved shares accounting for 3% of the total share capital, the performance appraisal conditions of the shares are: the weighted average return on equity of the previous year is not less than 65,438+00%, after deducting the non-recurring gains and losses of the previous year.
(7) Exploiting mobile commerce: In June 2007, each share of 1.84 1946 1 USD subscribed for/kloc-0,000,000 shares issued by Fidatone, and DoCoMo subscribed for and transferred the shares. Upon completion, the company and DoCoMo hold Fidatone and 33.33% shares respectively. May 65438+May 5, 2007, the door of the company's mobile business street was grandly opened, which is a virtual market that can accommodate millions of businesses and hundreds of millions of consumers.
(8) Strong cooperation: The company vigorously promotes cooperation with strategic partners such as Fujitsu, Microsoft and IBM. The company signed a memorandum of cooperation with Microsoft, becoming the first and only global independent software developer partner of Microsoft in China.
(9) High-tech enterprise+tax preference: the company is recognized as a high-tech enterprise with a validity period of three years. Within the validity period after being recognized as a high-tech enterprise (from 2008 to 10), you can apply for preferential tax policies according to relevant regulations.
(10) Xingye M&A: In 2008, the company successfully acquired Beijing Fangzheng Chunyuan Technology (the largest provider of financial applications and integrated services in China), Teboshen Information Technology (the largest provider of CRM solutions and products in China), Nanjing Hongtu Tianan Software Information System (one of the main providers of local tax software and services), Shanghai Tiannuo Technology and Shanghai Wangtan Software (one of the providers of medium-sized real estate solutions). In 2009, the company will seize the favorable opportunity to actively implement mergers and acquisitions of enterprises and competitive enterprises with suitable targets and complementary fields/industries, strengthen merger and acquisition integration, and improve merger and acquisition efficiency.
(1 1) Supplementary commitment: Beijing UFIDA Technology Co., Ltd., the controlling shareholder, promised to extend the lock-up period of shares held by UFIDA Software Co., Ltd. by one year to February 28th, 20 10; Before 20 10, the company's shares held by it that have been released from the restricted sales conditions will not be reduced.
(12) The company has announced the acquisition of some assets of Chongqing Maite Technology Company to expand PLM business. PLM is an important field of enterprise management software and an essential management system for manufacturing enterprises. The global PLM market is equivalent to 2/3 of the ERP market. At present, the PLM market in China is still small, but it is developing rapidly. China enterprises are upgrading and transforming, and the demand for PLM is increasing.
In the first five months of 2009, the company's revenue growth rate was slightly lower than that in 2008, mainly due to insufficient effective demand in the low-end market. Although the high-end product NC and the mid-end product U8 have maintained good growth, the sales of the low-end product T6 and the low-end product T are not ideal, and the transaction unit price of the low-end product has decreased, so the volume and price are consistent. In terms of industries, the human resources market is growing rapidly, and the financial and tobacco businesses are relatively stable.
What makes people a little uneasy is its first quarterly report in 2009. Although its performance per share is as high as 0.4264 yuan, the actual loss after deducting non-recurring gains and losses is nearly 1 10,000 yuan, which shows that the economic crisis has hit it hard. However, it is an indisputable fact that the global economy has begun to recover, and the company's situation is still optimistic.
This may be the main reason why this stock has been weaker than the broader market recently. Coupled with the large increase before ex-rights, it is not surprising that it is slightly weaker after ex-rights.
Analysts predict that the EPS of the company in 2009-20 10 will be 0.890 yuan, 0.635 yuan and 0.770 yuan respectively, corresponding to PE of 2 1.33 times, 29.89 times and 24.65 times, with a target price of 25.0 yuan.
Generally speaking, this stock has a high degree of market attention and has the value of medium and long-term investment. But now may not be the best time to step in. This stock may break the previous low of 18. 10 yuan. If it breaks around 5%, it should be possible to gradually open a position. If it can't be broken, it proves that the main force is strong, and you can add positions to follow up when you attack on a large scale.
Therefore, the Unit can focus on. It is recommended to buy.