SNW(SH:600628) Sou Hu Cai Jing·2025-11-25 00:27Core Insights - Jin Modern reported a significant increase in net cash flow from operating activities, up 109.92% year-on-year, with total revenue reaching 138 million yuan for the first three quarters of 2025 [1][11]. Company Overview - Founded in 1994 by Li Feng, Jin Modern has evolved from a small office in Jinan to a publicly listed company on the Shenzhen Stock Exchange in 2020, previously known as Jinan Modern Computer Engineering Company [5][11]. - The company emphasizes the transformation of scientific research into productive forces, highlighting the importance of integrating cutting-edge technology into practical applications [6][7]. Technological Development - Jin Modern focuses on "technology + talent" accumulation, investing heavily in R&D to develop standardized software products such as low-code PaaS platforms and smart laboratory management systems [7][10]. - The company has been actively applying AI technologies in various sectors, including energy management and industrial processes, to enhance operational efficiency [9][10]. Financial Performance - In 2024, Jin Modern's R&D investment reached 104 million yuan, accounting for 23.70% of its revenue, indicating a strong commitment to innovation [10]. - The company has strategically adjusted its business model, leading to a reduction in low-end operations and a significant improvement in its capital structure, with a debt ratio now at 7.85% [11]. Industry Impact - Jin Modern's AI applications have been recognized in national reports, showcasing the practical value of its technological advancements in real-world scenarios [11]. - The company aims to facilitate the integration of AI into various industries, enhancing productivity and operational capabilities through innovative software solutions [10].