Core Insights - The company reported strong interim results for the first half of 2024, with revenue reaching 1.078 billion yuan, a year-on-year increase of 14.8%, and a profit of 62.174 million yuan, with adjusted profit from continuing operations soaring by 152.5% to 77.012 million yuan [1] - Significant investments in R&D amounted to 190 million yuan, with core AI retail solutions generating approximately 488 million yuan in revenue, up 16.19% year-on-year, and AI retail value-added services contributing about 591 million yuan, a 13.87% increase [1] - The company has established partnerships with 438 clients, achieving a net revenue retention rate of 107%, consistently maintaining a healthy level above 100% [1] AI Technology Upgrades - The company has made significant breakthroughs in AI technology, prioritizing GenAI and restructuring its business into two main segments: AI retail core solutions and AI retail value-added services [2] - The AI-enabled Transportation Management System (TMS) has been successfully implemented in Hong Kong, significantly improving efficiency and reducing operational costs [2] - The Warehouse Management System (WMS) has achieved high automation and integrates with TMS for real-time collaboration across warehouses, distribution, and stores [2] - The Dmall fresh procurement system has been launched to address fresh retail challenges, helping partners reduce procurement costs by an average of 15% and improve operational efficiency by 40% [2] Domestic and International Client Expansion - The company is expanding its domestic market presence by signing major clients in the retail sector, including Shanghai Sugar and Wine Group and Xinjiang Huijia Times [3] - Collaborations with existing clients like Fat East and Lawson are deepening, enhancing customer stickiness and expanding digital upgrade services [3] - Internationally, the company is accelerating its global footprint, with successful implementations of WMS in Singapore and TMS in Hong Kong, improving supply chain efficiency [3] Web3 and Digital Transformation Strategy - The company is optimistic about the potential of Web3 and digital assets, having signed a strategic cooperation agreement with HashKey Group and initiated stablecoin payment solutions [4] - Plans to further iterate GenAI applications and enhance core system algorithms are in place to support retailers in achieving cost reduction, efficiency improvement, and revenue growth [4] - The company aims to leverage approximately 388 million HKD raised from its IPO for stablecoin and blockchain development, solidifying its industry-leading position [5] Market Growth Potential - The Asian retail digitalization market is projected to reach 94.7 billion yuan by 2029, with a compound annual growth rate of 22.5% from 2024 to 2029, providing significant growth opportunities for the company [5]
多点数智半年报业绩亮眼：AI战略开花结果，国内外客户拓展加速