Brief Introduction

As a key software enterprise in the National Planning and Layout and an enterprise among the top 100 blockchain enterprises and Artificial Intelligence (AI) enterprises in China, Dareway Software Co., Ltd. is committed to becoming a leading service provider of AI and blockchain technology. On July 17, 2020, Dareway was listed on the science and technology innovation board (STOCK CODE: 688579). It is the first stock of university enterprises and also the first software enterprise in Shandong to enter the science and technology innovation board.

With "AI + Blockchain" as the main driving force, the Company empowers three major fields, including smart government affairs, smart health care and smart electricity use, serves 350 million people and 80,000 medical institutions, and manages 1/8 of the country's electricity consumption. In addition, the Company has been a pioneer in many fields, such as the first blockchain business license and electronic health care certificate in China, "one-time success" of starting a company with the fastest speed in China, the smallest municipal human resources and social service hall in China, the first large-scale information-based system of government affairs on the cloud, the largest electricity consumption information collection and big data analysis system in Asia, and the first provincial standard for blockchain + epidemic prevention and control.

With scientific and technological innovation as the primary driving force, the company has been investing heavily in R&D. For example, it has established a three-level R&D system covering basic technology, supporting platform and application software, undertaken six sci-tech innovation platform construction projects and 36 national sci-tech innovation projects, passed several top-level certifications such as CMMI5 and ITSS2, and achieved innovative breakthroughs in core technologies such as AI, cloud computing, big data and blockchain. In 2018 and 2020, the company won the "Innovative Application Award" at the conference of AAAI, a top AI academic organization in the world; with completely independent IPRs in the field of basic blockchain technology, it has realized original innovation and independent control, and its product "Dareway Chain" was approved as a national high-end software of the first version; SEF2.0, a high-end basic support software independently developed by the company has enabled the mode of smart software factory, of which the technical indicators have reached the international advanced level.

Dareway has established extensive industry-college-institute cooperation with famous universities and scientific institutes at home and abroad, such as Tsinghua University, Institute of Computing Technology, Chinese Academy of Sciences, and Nanyang Technological University; it has also reached close strategic cooperation with many world famous technology giants such as Huawei, Alibaba, Tencent, Oracle and IBM, hoping to build an industrial ecology of openness and win-win cooperation.

Upholding the core values of "Making Society More Secure and Making Users More Satisfied" and the philosophy of independent core technology R&D, Dareway has been deeply exploring business domains such as smart government affairs, health care and smart electricity use and expanding industrial applications, and vigorously exploring "AI+", "Blockchain+" cloud transformation and innovation of business model. Through persistent technological innovation, production innovation, service mode innovation and management innovation, it serves the main economic battlefield and meets the major national demands with a new generation of information technology.

Company Overview

Full name Dareway Software Co.,Ltd.
Abbreviations Dareway
Code 688579
Founded 1992-11-19
Listing 2020-07-17
Domicile Jinan City, Shandong Prov., China
STAR Theme New Generation IT
CSRC Sector Information transmission, software and IT
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.24 0.22 0.24
R&D expenditure as a % of operating revenue 22.28% 15.68% 14.60%
Operating Revenue 495.44 488.57 406.17
Net Income 91.21 78.18 82.25

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 495.44 488.57 406.17
Operating Costs 221.10 266.94 214.60
Operating Income 97.39 83.18 87.97
Pretax Income 96.39 83.56 87.27
Income Tax 5.18 5.38 5.02
Net Income 91.21 78.18 82.25

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 915.56 652.21 846.60
Non-current Assets-Total 735.52 410.95 213.08
Total Assets 1,651.08 1,063.16 1,059.68
Current Liabilities-Total 394.91 214.01 258.22
Non-current Liabilities-Total 48.36 8.41 6.50
Total Liabilities 443.27 222.42 264.72
Stockholder's Equity
Share Capital 894.57 614.55 614.55
Retained Profits 313.24 226.19 180.41
Total Owners' Equity 1,207.81 840.74 794.96

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 127.94 11.37 78.66
Net Cash Flows-Investing -699.31 -179.65 186.74
Net Cash Flows-Financing 284.51 -36.89 191.15

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Shandong University Capital Operation Co.,Ltd 118.34 29.58%
China Life Chengda (Shanghai) Healthcare Equity Investment Center (Limited Partnership) 68.34 17.09%
Xiaoguang Hong 14.06 3.52%
Qingzhong Li 14.05 3.51%
Xinjun Wang 14.05 3.51%
Shidong Zhang 14.05 3.51%
Yongqing Zheng 14.04 3.51%
Hui Chen 12.59 3.15%
Beijing Zhixinmingbo Information Consulting Center (Limited Partnership) 7.49 1.87%
Beijing Zhiyuanmingbo Information Consulting Center (Limited Partnership) 6.78 1.69%
As of 2021-03-31

Legal Statement

All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.

Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.

Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.