Core Viewpoint - Green Cloud Software has submitted an application for an IPO on the Hong Kong Stock Exchange, aiming for a main board listing, with CICC as the sole sponsor [1] Group 1: Company Overview - As of February 13, 2026, Green Cloud Software has provided front desk software to 37,000 hotels in China [2] - Historical revenue figures are as follows: 2022 revenue was 256 million RMB, 2023 revenue was 337 million RMB, and 2024 revenue was 327 million RMB [3] - Historical net profit figures are: 2022 net profit was 38.86 million RMB, 2023 net profit was 73.85 million RMB, and 2024 net profit was 68.97 million RMB [3] - For the first nine months of 2025, the company reported revenue of 225 million RMB, gross profit of 150 million RMB, and net profit of 34.57 million RMB, with a profit margin of 15.36% [4] Group 2: Revenue Structure - In the first nine months of 2025, revenue from digital solutions for the accommodation industry was 180 million RMB, accounting for 80.1% of total revenue; revenue from digital marketing services was 28.99 million RMB, accounting for 12.9% [4] Group 3: Shareholding Structure - The executive directors of Green Cloud Software include Yang Mingkui (27.19% shareholding), Gao Liang (26.75%), and others, with a total control of 58.81% [4] - Other significant shareholders include Shouye Capital (11.31%), Chenghong Investment (3.61%), and Ctrip through Shanghai Kehui (2.66%) [5] Group 4: Market Competition - The adoption of front desk software in Chinese hotels was significantly influenced by the use of Fidelio software at the Hong Kong Peninsula Hotel, marking a milestone in hotel software development in China [6] - Green Cloud Software integrates various systems, including central reservation, customer relationship management, and digital operation platforms, to provide a comprehensive solution [6] - In 2025, the total transaction volume generated through Green Cloud Software's digital direct sales platform exceeded 4 billion RMB, ranking second among digital marketing service providers in the accommodation industry in China [6]

Core Viewpoint - The stock of Shiji Information has experienced a consecutive two-day limit-up, indicating strong market interest and potential growth opportunities for the company [1] Group 1: Stock Performance - Shiji Information's stock reached a limit-up at 9:25 AM today, with a trading volume of 0.33 billion yuan and a turnover rate of 0.13% [1] Group 2: Strategic Initiatives - The company plans to acquire a 13.5% stake in Sihon Software to enhance its digital retail strategy [1] - The AI applications in hotel system products are categorized into marketing assistance and operational forecasting, with initial revenue generated from AI marketing tools [1] - The European R&D center is fully utilizing AI code generation tools to assist in development, thereby improving efficiency [1] Group 3: Business Expansion - The company holds a cross-border payment license, enabling it to conduct foreign exchange settlement business [1] - There is a focus on globalization and platformization, with the overseas team primarily composed of R&D technical personnel to advance global expansion [1]

Core Viewpoint - The event focused on exploring how AI technology can enhance efficiency and experience in hotel services, while also looking ahead to its development prospects in the industry [1] Group 1: Industry Insights - The Chinese AI industry has no significant technical issues at the application level, with strong collaboration among leading companies driving various promotions and product upgrades, resulting in noticeable digitalization effects in the hotel sector [3] - There exists a "digital experience inversion" phenomenon in China's hotel industry, where mid-range hotels outperform high-end hotels in areas like rapid check-in and robotic services, primarily due to a leading digital consumption atmosphere rather than a technology gap [3] - This inversion is expected to drive overall digital upgrades in the industry [3] Group 2: Company Contributions - The core service capability of Huiyi Technology lies in its nationwide service coverage, supported by 150 in-house engineers and 48,000 platform engineers, effectively addressing installation, debugging, training, and after-sales service for partners [3] - Cloudwise Technology is focused on enabling robots to understand, deconstruct, and anticipate customer needs, aiming to upgrade service from mechanical responses to proactive, chain-like services [4] - The company is working on integrating "embodied intelligence" and "disembodied intelligence" into a cohesive ecosystem, applying AI and robotics in hotel services to enhance the entire service process [4][5] Group 3: Future Perspectives - The future of hotel digitalization requires a collaborative ecosystem involving multiple participants to create and maintain a complex network, integrating various technologies seamlessly [5] - True intelligence in technology is defined as making technology invisible while making care and attention visible, aiming for a new height of "technology empowering humanity" [5]