Beijing Shiji Information Technology (SZ:002153) Xin Lang Cai Jing·2025-07-04 11:20Group 1 - The company recently hosted an investor meeting with HSBC Qianhai Securities to discuss various operational updates and future plans [1] - The integration of DAYLIGHT PMS with Marriott's new central reservation system ACRS is progressing according to the planned timeline [1] - SaaS business pricing is subscription-based, with cloud PMS products charged monthly based on the number of hotel rooms and the functionalities used [1] Group 2 - The decline in hotel business gross margin is attributed to increased amortization costs of intangible assets starting from the end of 2023 [1] - The company plans to maintain overall R&D investment levels to integrate more subsystems of the hotel information system with DAYLIGHT PMS [1] - The fourth quarter loss last year was mainly due to impairment of long-term equity investments in associates and increased bad debt provisions for long-aged receivables [1] Group 3 - The company has signed a contract with Marriott, which is expected to accelerate future signing processes and enhance the recognition of DAYLIGHT PMS in the industry [1] - INFRASYS POS, the cloud restaurant management system, has signed with all top five global hotel groups and is on a fast development track, with good rollout expected by the end of 2024 [1] - The company utilizes a direct connection system for OTA bookings to improve efficiency and reduce operational costs [1]