| |
Stock Quote![]() |
|
|
| |
 |
Investor FAQs |
|
<%'?????a¨º?%>
|
Yucheng is a leading provider of IT solutions and services to the banking industry in China. The Company focuses on offering its clients a comprehensive suite of IT solutions and services, ranging from system integration and IT consulting, to software solutions and software platforms, and outsourced operations.
What is driving Yucheng¡¯s growth within next few years is the high-growth and high profit margin non-SI business lines of IT solution and consulting, software solutions and platforms, and outsourced operations. Specifically, management expects there is accelerated demand of Chinese banking industry for IT solutions in the areas such as front channel applications and platforms, risk management solutions, and management decision making analytics solutions.
|
|
Our client base mainly consists of most of the major Chinese banks with 12 out of 15 biggest Chinese banks as our clients. They are Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications, Guangdong Development bank, Shanghai Pudong Development Bank, CITIC Industrial Bank, Shenzhen Development Bank, Huaxia Bank, Industrial Bank, and China Everbright Bank. Other than top 15 banks in China, there are another 34,000 smaller regional banks across the country, to which Yucheng will work to penetrate to establish or increase pocket share of both large national banks and regional small banks.
|
|
Yucheng faces competition from both local and international IT service and solution providers in every aspect of its rapidly evolving business. Our competitors can be grouped into 2 categories, global IT giants such as IBM, Accenture, Bearing Point, and local Chinese companies represented by Digital China, Vanda System & Communication Holding, and Global Info Tech. The high-end IT consulting market in Chinese banking industry is currently dominated by global IT giants, and we view IBM Global Consulting Services and Accenture more like collaborator rather than competitor, as we occasionally work together to play out our strong customer relationship and understanding of Chinese bank¡¯s business practice and global vendors¡¯ high-end IT consulting resources to win projects, which Yucheng helped to implement with a more cost-effective way. Digital China is the Hong Kong listed largest IT product distributor in China, which also has a division providing IT services and solutions to Chinese banking industry. Compared with our local competitors, Yucheng¡¯s competitive advantages boil down to 3 aspects: ¡°one-stop total solution with leading technology in electronic channel application, exclusive focus in financial services industry, and scale of economy. Being listed on Nasdaq with significant capital for merger and acquisition, Yucheng will seek to make accretive acquisitions to complement its current lines of IT solutions and services to continue increasing its market share.
|
|
Our headquarters is located in Beijing , China , and we have 5 subsidiaries and rep. offices in Shanghai , Guangzhou , Xi'an , Xia Men, and Chengdu.
|
|
As of November 30, 2006, we had around 600 employees located all over China, 80% to 85% of whom are engineers.
|
|
As of December 26, 2006, there were 9,528,320 common shares and 6.9 million warrants outstanding.
|
|
Our shares of stock and warrants are listed on The Nasdaq National Market under the symbol YTEC and YTECW respectively.
|
|
A transfer agent is a regulated organization that keeps track of stockholder records and information. To find out more, please contact our transfer agent:
Continental Transfer & Trust Company Continental Transfer & Trust Company
Reorganization Department
17 Battery Place
New York , NY 10004
Tel: 212.509.4000
Website: http://www.continentalstock.com/
|
|
As a foreign private issuer on Nasdaq, Yucheng is required to report its earnings on semi-annual basis by 20-F and 6-K for annual report and half year report prescribed by SEC. Yucheng will voluntarily release its quarterly unaudited operational result for Q1 (March 31)and Q3 (September 30) as well. The quarterly earnings release of unaudited operational result is expected to occur around the end of the following month after the quarter ends.
|
|
Our fiscal year ends on December 31. Our quarters end on March 31, June 30, and September 30.
|
|
You are welcome to download and view both quarterly and annual reports directly from our site.
|
|
Yes, you may contact our IR person and request electronic copies of documents.
|
|
You may contact your transfer agent for a solution.
|
|
Our independent accountant is BDO McCabe Lo Limited, below is the contact information:
8th Floor Wing On Center
111 Connaught Road Central
Hong Kong
Website: http://www.bdo.com.hk/
|
|
|
In Beijing,
China
MS. Wei Peng
Investor
Relations
Yucheng
Technologies
86-10-64420533
pengwei@yuchengtech.com |
In
USA
Mr. Jim Preissler
Director
Tel:
1-646-383-4832
Email:
jim@yuchengtech.com |
|
|
|
