Core Insights - Mingyuan Cloud Group Holdings Limited (00909.HK) held its 2024 annual performance conference, discussing financial performance and operational strategies, particularly in AI and international expansion [1] - The company is positioned as a leader in digital solutions for the real estate ecosystem, focusing on "AI + Real Estate" as its core strategy to drive digital transformation [1] - Mingyuan Cloud's AI products have seen significant uptake, with a 2.7% year-on-year increase in the average project unit price for its cloud sales offices, reaching RMB 77,000 per unit in 2024 [1] Financial Performance - The company reported a total signed amount of RMB 28 million for its cloud AI products in 2024, with clients including major real estate firms like Poly Developments and China Overseas Land & Investment [2] - The number of real estate sales offices covered by Mingyuan Cloud's AI products has approached 1,000 [2] AI Product Development - Mingyuan Cloud has developed a comprehensive product matrix in the AI + marketing sector, addressing various business scenarios in real estate marketing [2] - Approximately 30% of the core functionalities of its AI products utilize the DeepSeek series of domestic large models [2] International Expansion - The company has accelerated its overseas market expansion since 2024, establishing localized teams in regions such as Hong Kong, Singapore, Malaysia, Indonesia, and Japan [2] - Mingyuan Cloud has signed contracts with local real estate clients, accumulating nearly RMB 10 million in signed amounts, with some projects already delivered [2] - The company plans to continue expanding in Hong Kong, Southeast Asia, and Japan, while exploring opportunities in the Middle East and North America [2] Product Strategy - The company has adopted an "AI + IoT + SaaS" product strategy tailored to the needs of overseas markets, focusing on innovation in AI [3] - An example of this strategy is the implementation of AI and IoT for real-time monitoring and safety management on construction sites, which has received positive feedback in international markets [3] Investment and Partnerships - Mingyuan Cloud is considering increasing investments in quality partners in target regions to foster mutually beneficial relationships, particularly in real estate technology companies with strong local resources [3] - The company has made small-scale investments in the Japanese market to leverage local innovation capabilities and market resources [3] Market Conditions - According to research from Zhongtai Securities, the real estate and construction industry is still in a downward adjustment phase, with continued low capital expenditure from downstream clients [3] - Mingyuan Cloud is actively reducing costs and controlling expenses, which is expected to lead to a quicker recovery of profits and cash flow [3]
明源云：AI产品应用持续落地，公司海外市场加速破局