石基信息：加快向SaaS运营模式转型，全球化取得阶段性成果

Investment Rating - The investment rating for the company is not explicitly stated in the provided content, but it suggests a "buy" recommendation based on the company's growth potential and market position [7][11]. Core Insights - The company, Shiji Information (002153), reported a revenue of 1.382 billion yuan for the first half of 2024, representing a year-on-year growth of 15.09%. The net profit attributable to shareholders was 25 million yuan, up 10.83% year-on-year [11]. - The company is accelerating its transition to a SaaS operating model, achieving significant milestones in its globalization efforts, including signing contracts with major international hotel groups [11]. - The annual recurring revenue (ARR) for the SaaS business reached 447 million yuan by the end of June 2024, reflecting a year-on-year increase of approximately 30.8% [11]. Financial Performance - In the first half of 2024, the company achieved a gross margin of 46.06%, which is a decrease of 3.43 percentage points compared to the previous year [11]. - For the second quarter of 2024, revenue was 750 million yuan, with a year-on-year growth of 17.31% and a net profit of 13 million yuan, up 10.71% year-on-year [11]. - The company expects revenues for 2024, 2025, and 2026 to be 3.174 billion, 3.810 billion, and 4.677 billion yuan, respectively, with year-on-year growth rates of 15.46%, 20.01%, and 22.76% [11][12]. Business Strategy - The company is focusing on its platform-based business, with a significant increase in hotel bookings, which reached 11.68 million room nights in the first half of 2024, a substantial growth of 32.7% year-on-year [11]. - The company has successfully signed new benchmark clients for its enterprise-level hotel information system, further expanding its presence in the international market [11]. - The company is positioned to benefit from the recovery and upgrade of the large consumption sector, particularly in the hospitality and restaurant industries [11].