新股预览：多点数智

Investment Rating - The report assigns a rating of ★★★☆☆ to the company, indicating a moderate investment outlook [4]. Core Insights - The company is the largest provider of retail digital solutions in mainland China, with a market share of 6.5% in 2023, and the third largest in Asia with a market share of 4.2% [1]. - The company has a diverse client base, including major retailers such as DFI Retail Group and various other large retail chains, which helps it adapt to market challenges and enhance service quality [2]. - The retail core service cloud, which includes proprietary systems and AIoT solutions, integrates various functions to help retailers optimize operations and enhance digitalization [2]. - The local retail digitalization rates in mainland China and Asia are significantly lower than in the United States, indicating substantial growth potential in the market [3]. Financial Data Summary - The company's revenue has shown growth from 8.48 billion RMB in 2021 to 15.85 billion RMB in 2023, while the shareholder profit has improved from -17.51 million RMB in 2021 to -5.92 million RMB in 2023 [3].