Group 1: Company Overview and Activities - Beijing Zhongchang Shiji Information Technology Co., Ltd. is engaged in investor relations activities, including specific object research and analyst meetings [1][3]. - The investor relations activity took place on February 15, 2023, at the company's headquarters in Haidian District, Beijing [4][6]. Group 2: Cloud System Development - International hotel groups prefer not to develop their own next-generation cloud hotel systems due to the complexity and high costs associated with maintaining talent and infrastructure [4][5]. - The transition to cloud systems is driven by the need for mobile integration throughout the guest journey, requiring global data consistency and compliance with data protection laws [5][6]. Group 3: Competitive Advantages - The Shiji Enterprise Platform offers competitive advantages such as global distributed deployment, single inventory, and enhanced data security compared to existing PMS products [5][6]. - The platform aims to restructure hotel management systems and processes, laying the foundation for digital transformation in hotel operations [5][6]. Group 4: Target Clients and Market Strategy - The primary target clients for the Shiji Enterprise Platform are leading international hotel groups and significant regional hotel chains that require unique functionalities [5][6]. - The company seeks to provide advanced digital tools to high-end hotel groups, similar to those used by international counterparts [6]. Group 5: Strategic Partnerships - Alibaba's investment has provided crucial support, with their decision-making team understanding the value and challenges of the company's platform and international transformation efforts [6].

Group 1: International Expansion - The company has signed benchmark clients such as Peninsula, InterContinental, and Langham Hotels, with plans for accelerated international deployment in 2023 [2] - The flagship Peninsula store in Hong Kong has successfully launched, with preparations underway for upcoming openings in London and Istanbul [2] - The company aims to leverage product and technology advantages to sign more influential clients in the industry [2] Group 2: Market Trends and Competition - Large international hotel groups previously using self-developed PMS systems are abandoning plans to develop their own cloud systems, as costs are higher than using third-party providers [3] - The pandemic significantly impacted sales of mature products, leading to cash revenue losses, but allowed for uninterrupted product development [3] - The company has maintained a competitive edge despite the emergence of new competitors, as its products remain ahead in terms of functionality and security compliance [4] Group 3: Financial and Operational Insights - The company has increased R&D investment during the pandemic, resulting in faster and better product development [3] - The internationalization strategy has been in place for several years, with a global team of over a thousand professionals established at a cost of several hundred million dollars [4] - The company’s cloud products are designed to automatically comply with various countries' data protection laws, enhancing their market position [4]