久其软件2024年度业绩网上说明会问答实录

Core Viewpoint - The company is focusing on leveraging new technologies such as AI and big data to enhance its software products and market competitiveness while addressing current challenges in profitability and cash flow management [2][4][5]. Group 1: Business Strategy and Market Positioning - The company aims to deepen its business layout in the domestic software market by integrating AI and other emerging technologies into its product solutions [2]. - The strategy includes a multi-faceted market approach to enhance coverage and service quality, targeting government departments and state-owned enterprises [2][4]. - The company is committed to focusing on core business areas and optimizing its market layout to support high-quality development in the digital economy [4][5]. Group 2: AI Development and Future Plans - The company launched a new generation of large model application management platform, Nuwa GPT, which provides automated business analysis and decision support [3]. - Future plans include upgrading Nuwa GPT to enhance its integration with mainstream large models and expanding its intelligent application offerings [3]. Group 3: Financial Performance and Challenges - The company reported a decline in first-quarter performance due to seasonal business fluctuations, although it showed improvement compared to the previous year [5]. - The company is facing cash flow pressures, with a reported operating cash flow of -0.56 billion yuan for 2024, and plans to balance AI R&D investments with goodwill impairment risks [5]. - The company’s digital communication business accounts for over 70% of revenue but has a low gross margin of 1.92%, while the technology service business has a high gross margin of 91% but is experiencing slow growth [4]. Group 4: Market Outlook and Industry Context - The software and information technology service industry in China is experiencing steady growth, with a reported revenue increase of 10% year-on-year in 2024 [14]. - The company acknowledges the competitive landscape and aims to enhance its market position through innovation and strategic marketing efforts [14][12].