Core Viewpoint - The B-end big data industry, particularly in the commercial inquiry sector, is becoming a significant force in the business landscape, driven by strong policy support and the need for digital transformation among enterprises [1][2][3] Group 1: Policy Support and Market Development - The national support for the digital economy and the regulation of the data factor market have created a favorable environment for the development of the B-end commercial inquiry industry [1] - Since 2021, various regions such as Beijing, Shanghai, Shenzhen, and Guizhou have established new types of data exchanges, leading to a rapid increase in transaction volumes and the number of data products listed [1] - The data factor market is entering a new stage of development characterized by a shift from quantity to quality, with local governments promoting the integration and utilization of public and social data [1] Group 2: Market Demand and Technological Integration - Enterprises are facing the need for digital transformation, with B-end commercial inquiry services providing essential information support that integrates deeply with various digital systems and business processes [2] - In the financial sector, big data commercial inquiry tools enable banks to efficiently screen quality clients and reduce non-performing loan rates [2] - The commercial big data B-end business relies on advanced technologies such as large-scale dynamic knowledge graph construction and inference, which present significant technical barriers [2] Group 3: Industry Evolution and Future Outlook - The commercial inquiry industry is transitioning from being an "information intermediary" to an "intelligent decision-making platform," driven by technology, regulatory compliance, and global ecological strategies [3] - Continuous technological advancements and market expansion are expected to lead the B-end big data industry to a more prosperous future, supporting stable enterprise development and economic growth [3]

Core Insights - The article highlights the significance of Big Data in enhancing business decision-making, risk management, and operational efficiency through advanced analytics and AI technologies [3][4]. Company Summaries Confluent Inc. (CFLT) - Confluent operates a data streaming platform, providing managed cloud-native SaaS and self-managed software solutions [7]. - Expected revenue and earnings growth rates are 19% and 32.4%, respectively, for the current year, with a 20.5% improvement in earnings estimates over the past 30 days [8]. - The short-term average price target indicates a potential increase of 28.9% from the last closing price of $21.05, with a maximum upside of 71% [9]. Blackbaud Inc. (BLKB) - Blackbaud offers cloud software and services, achieving solid execution of strategic goals with organic revenue growth and stock buybacks [10][11]. - Expected revenue and earnings growth rates are -3.1% and 17.9%, respectively, with an 8.4% improvement in earnings estimates over the past 30 days [12]. - The short-term average price target suggests a 10.7% increase from the last closing price of $62.12, indicating a maximum upside of 36.8% [12]. Sprout Social Inc. (SPT) - Sprout Social provides a web-based social media management platform, offering AI-powered solutions for various social media functions [13][14]. - Expected revenue and earnings growth rates are 11.3% and 20.6%, respectively, with a 10.3% improvement in earnings estimates over the past 30 days [14]. - The short-term average price target indicates a potential increase of 30.7% from the last closing price of $21.55, with a maximum upside of 94.9% [15]. HubSpot Inc. (HUBS) - HubSpot delivers a cloud-based customer relationship management platform, experiencing steady adoption and integration of AI features [16][17]. - Expected revenue and earnings growth rates are 15.4% and over 100%, respectively, with a 49% improvement in earnings estimates over the past 30 days [18]. - The short-term average price target suggests a 19% increase from the last closing price of $621.25, indicating a maximum upside of 49.7% [18]. Teradata Corp. (TDC) - Teradata provides a hybrid cloud analytics platform, benefiting from strong cloud ARR growth and strategic partnerships with major tech companies [19][20]. - Expected revenue and earnings growth rates are -6.5% and -2.1%, respectively, with unchanged earnings estimates over the past 30 days [20]. - The short-term average price target indicates an 18.7% increase from the last closing price of $21.82, with a maximum upside of 60.4% [21].

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 16, 2025, via the "Investor Relations Interactive Platform" [3] - Attendees included the company's chairman and acting general manager, financial officer, board secretary, and representatives from CITIC Securities [3] Group 2: Key Issues Addressed - No deep cooperation with major tech firms like Alibaba, Tencent, or ByteDance has been established yet, focusing instead on AI applications [5] - Specific measures to strengthen internal control management include optimizing approval processes and enhancing performance assessments [6] - The company cannot disclose specific client names due to confidentiality but serves government entities and large state-owned enterprises [7] Group 3: Financial and Operational Challenges - The company is currently under *ST status due to an audit opinion issue and plans to improve financial conditions through product upgrades and governance enhancements [8] - Following a significant drop in stock price post-investigation announcement, the company aims to restore investor confidence through compliance and performance improvements [9] Group 4: Strategic Initiatives - The company is focusing on AI toy applications and has made progress in market promotion, though substantial performance impact remains to be validated [10] - Strategic adjustments include targeting clients with stronger financial capabilities and enhancing existing technology products [12] - The company is leveraging national policies supporting AI development to expand market reach and improve competitiveness [16] Group 5: Management and Governance - The company has maintained a stable management team, with the chairman currently acting as the general manager [22] - Efforts are being made to enhance corporate governance and investor relations management to improve overall market competitiveness [19][20] Group 6: Ongoing Investigations - The company is under investigation for information disclosure violations, with ongoing cooperation with regulatory authorities [23]