- Business
- YGSOFT Inc. (002063.SZ) is a China-based technology company principally engaged in providing information technology products and services focused on enterprise management, energy interconnection, smart energy solutions, and social services. Founded in 1998 and headquartered in Zhuhai, Guangdong Province, the company develops and sells software including Yuanguang financial management information systems (FMIS), group financial control and management systems, cloud-based platforms for strategic performance, resource management, data operations, production operations, shared services, and industrial interconnection; smart energy products encompassing power distribution network information services, energy management services, IoT platforms, photovoltaic power generation, and digital society solutions; as well as information innovation platforms, business expansion platforms, project management solutions, and business travel management tools for industries such as energy and power, aerospace, high-end equipment, metallurgy, manufacturing, finance, medical and healthcare, rail transit, and others. It operates primarily in China, serving major clients including State Grid Corporation of China, China Southern Power Grid, China Huaneng Group, China Datang Corporation, National Energy Group, and Power Construction Corporation of China, with offerings delivered through secure, stable cloud platforms that support digital transformation, group controls, business innovation, supply chain synergies, and low-carbon energy initiatives aligned with national dual-carbon goals. Recent developments include steady revenue growth to RMB 2.40 billion in fiscal year 2024 with a focus on R&D investment and cost efficiencies leading to improved profit margins in Q3 2025, the expected completion by year-end 2025 of the comprehensive launch of State Grid's 27 provincial smart financial sharing platforms, ongoing enhancements to products such as the Yuanguang Global Treasury Management System integrating resource allocation and smart contract features to seize opportunities in electricity market reforms and dual-carbon strategies, and routine corporate actions encompassing adjustments to associated leasing forecasts, subsidiary financial support provisions, equity transfers of holdings, and governance updates including board resolutions and management resignations throughout 2024 and 2025.