Xin Lang Cai Jing·2025-09-10 09:57Company Overview - COSCO Shipping Technology Co., Ltd. was established in 2001 and listed on the Shenzhen Stock Exchange in 2010, focusing on the digitalization and intelligence of the transportation and shipping logistics supply chain industry [1] - The company operates primarily in two segments: Digital Shipping and Supply Chain, and Digital City and Transportation [1] - The Digital City and Transportation segment has been active since the company's inception, providing comprehensive digital solutions for urban management and highway operations, with a leading market share in integrated toll collection software [1] - The Digital Shipping and Supply Chain segment began developing after the integration of Shanghai Ship Research Institute and has created a complete digital technology stack, offering core intelligent products like "Ship Vision" and "Hi-Dolphin" [1] Data Elements and AI Applications - The company utilizes big data, cloud computing, and artificial intelligence to develop products such as "Ship Vision" and "Hi-Dolphin" [2] - The "Ship Vision" platform employs intelligent recognition technology for the entire lifecycle of ship navigation, analyzing public data to create various predictive and warning models [2] - "Hi-Dolphin" is the first large model in the shipping industry in China, featuring a knowledge graph and intelligent coordination system to enhance data analysis and decision-making capabilities [2] Business Model of Ship Vision - The "Ship Vision" platform offers general functions through SaaS and API services, with options for customized development based on client needs [3] - There is a positive growth trend in the number of users, API calls, and contracted companies for the "Ship Vision" platform, with plans for increased market promotion [3] Future Business Development - The two main business segments are experiencing different trends; the Digital Shipping and Supply Chain business is thriving due to digital transformation opportunities, while the Digital City and Transportation segment faces revenue and profit declines due to decreased customer demand and increased competition [4] - The company aims to strengthen its Digital Shipping and Supply Chain business, explore international markets, and optimize the Digital City and Transportation segment by expanding high-value-added services [4] - Overall revenue stability is expected, with growth anticipated in the Digital Shipping and Supply Chain business and challenges in the Digital City and Transportation segment [4] Market Potential in Digital Shipping and Supply Chain - There is significant demand for shipping technology and digitalization in the shipping financial sector and other upstream and downstream industries [5] - The company is committed to becoming a world-class shipping technology enterprise, collaborating within the COSCO Shipping Group to develop digital solutions that enhance efficiency and reduce costs [5] Market Value Management - The company emphasizes market value management, aiming for its stock price to reflect its true value through technological innovation and high-quality development [6] - Currently, there are no plans for share buybacks or increases in holdings [6]