Core Viewpoint - The company, Desheng Technology, is aligning its services with the national healthcare payment policies aimed at improving convenience in medical payments through various digital payment methods [1] Group 1: Company Initiatives - Desheng Technology has developed a "no-feel payment" service that allows for instant reimbursement through medical insurance, enabling patients to "see the doctor first, pay later, and avoid queues" [1] - The service has been successfully implemented in all tertiary hospitals in Guangzhou, demonstrating the company's commitment to enhancing patient experience [1] Group 2: Industry Context - The national healthcare authority has issued a notice to accelerate the adoption of face recognition, one-code, mobile, and credit payments in medical settings, aiming to establish a convenient payment system within approximately three years [1] - The company's initiatives are in direct response to the challenges faced by patients, such as long waiting times and multiple queues for payments [1] Group 3: Technological Advancements - Desheng Technology is leveraging AI algorithms to improve service efficiency in medical institutions and is working to create an AI healthcare ecosystem by connecting B-end resources [1]

1月8日，国家医保局办公室正式发布《关于大力推进刷脸支付、一码支付、移动支付、信用支付等便捷 支付工作的通知》，聚焦群众看病缴费"多次排队""排长队"等堵点痛点，明确用3年左右时间全面建成 医保便捷支付体系。值得关注的是，德生科技（002908）深耕多年的"就医无感支付"服务，其创新实践 与政策导向高度契合，凭借技术实力与服务成效成为医保数字化转型的核心参与者。 技术与服务的双重优势，也为德生科技赢得了权威认可。在刚刚落幕的2025全国智慧医保大赛中，由德 生科技申报的"就医无感支付"项目，从180个决赛项目中脱颖而出，斩获全国总决赛一等奖殊荣。该赛 事由国家医保局和上海市政府联合主办，其奖项含金量彰显了行业对德生科技在医保数字化领域创新能 力与实践成效的高度肯定。 此次医保便捷支付政策的全面推进，为公司业务拓展提供了重要契机。未来，德生科技将持续以"数据 +场景"双轮驱动，依托成熟的技术方案与布局经验，加速"就医无感支付"在更多地区落地，助力医保便 捷支付体系全国建成，推动医疗服务向数字化、智能化深度跃迁。 总体来说，公司在AI医疗应用方面的布局，会以建设全医院数字化底座为基础，通过AI算法提升医疗 机构服 ...

Group 1 - The National Healthcare Security Administration has announced a plan to promote convenient payment methods such as facial recognition, QR code payments, mobile payments, and credit payments in medical settings, aiming to establish a convenient payment system for medical insurance within three years [1] - By 2026, the first pilot regions and designated medical institutions are expected to implement these payment methods, with full provincial coverage anticipated by 2027 and comprehensive promotion in eligible medical institutions by 2028 [1] - Desheng Technology Co., Ltd. claims that its "no-feeling payment" service aligns well with this policy, as the company accelerates the construction of an AI medical application ecosystem to support the digital and intelligent transformation of medical services [1] Group 2 - Desheng Technology's "no-feeling payment" project, developed in collaboration with Guangzhou Medical Insurance, won first prize in the 2025 National Smart Medical Insurance Competition [1]

Core Viewpoint - The "Seamless Medical Payment" project, developed by Desheng Technology and Guangzhou Medical Insurance, won the first prize at the National Smart Medical Insurance Competition, highlighting its innovative approach to streamline the medical payment process through digital technology [1] Group 1: Project Overview - The "Seamless Medical Payment" project addresses the cumbersome payment processes faced by patients when seeking medical care [1] - It integrates multiple resources, including medical insurance, UnionPay, medical institutions, and banks, to create a comprehensive payment platform [1] Group 2: Key Features - The project enables "instant reimbursement from medical insurance, no queue for individuals, and zero operation" for an efficient medical experience [1] - It covers various patient demographics and medical scenarios, facilitating a shift towards a service-oriented model for medical institutions [1] Group 3: Industry Impact - The initiative promotes the formation of a new medical payment ecosystem characterized by data interoperability, resource sharing, and efficient operations [1]

Core Insights - The State Council has issued the "Opinions on Deepening the Implementation of 'Artificial Intelligence+' Action," marking the entry of artificial intelligence into the national strategic implementation phase [2] - Desheng Technology (002908) aligns with policy directions through its dual-driven model of "Smart Governance + Livelihood Consumption," presenting significant growth opportunities in areas such as public welfare, governance capabilities, and data innovation [2] Policy Implementation - The policy emphasizes accelerating implementation in scientific technology, industrial development, public welfare, and governance capabilities, strengthening eight foundational capabilities including model capability, data supply, and computing power support [2] Company Developments - Desheng Technology's self-developed employment intelligence system has been promoted in multiple regions, providing precise employment services for key groups such as college graduates and veterans [2] - In the healthcare sector, the "seamless payment" user base has approached 3 million, with ongoing expansion into health management and intelligent diagnosis value-added services [2] - The company's self-developed large model has assisted various regions in upgrading social security systems, achieving an accuracy rate of over 99% in government Q&A [2] Data Integration - Leveraging long-term data accumulation in human resources, employment, and healthcare, Desheng Technology has developed a comprehensive data operation service plan, promoting deep integration of data elements with industrial scenarios [2] - Industry insiders believe that the issuance of the "Opinions" will provide policy support for the company's continuous breakthroughs in AI livelihood and smart governance, accelerating the establishment of a new pattern of intelligent social governance and public services [2]

Core Insights - Desheng Technology (002908) reported a revenue of 249 million yuan and a net profit attributable to shareholders of 8.87 million yuan for the first half of 2025, indicating a strategic focus on upgrading and optimizing its business structure in the social security and public service sectors [1][2] - The company has made significant progress in the application of AI technology across key areas such as employment, healthcare, and government services, with a gross profit margin increase of 4.03% year-on-year [1] Group 1 - The number of cities served by the third-generation social security card has increased to nearly 170, maintaining a leading market share in the industry [1] - The "AI Employment" service, developed in collaboration with Jinsihuaqin, has reached over 200,000 users, while the "Seamless Medical Payment" service has been integrated into over 100 top-tier hospitals in Guangzhou, with signed users exceeding 2.5 million [1] - The company has been awarded the role of secretary unit for the Guangzhou Data Element Industry Association and has won the bid for the "Guangzhou Data Exchange Service Zone Operation" project, marking substantial progress in the marketization of data elements [1] Group 2 - Research and development investment for the first half of the year amounted to 37.75 million yuan, accounting for 15.19% of revenue, with a focus on the "Zhiwei Jieyu" large model, which has been approved for national cybersecurity filing [2] - The AI model has been implemented in provinces such as Hubei, Henan, and Guangdong, enhancing government service efficiency by over 40% [2] - The company aims to consolidate its leading position in the social security and public service sectors through technological innovation and service upgrades in response to industry policy adjustments and technological iterations [2]

Core Insights - The company reported a revenue of approximately 249 million yuan and a net profit of about 8.87 million yuan for the first half of 2025, indicating a steady performance amidst ongoing industry changes and digital transformation [1] - The company has seen a 12.87% year-on-year increase in new contract amounts, reflecting its strategic focus on optimizing business structure and service capabilities [1] Business Development - The company is advancing its role as a "social security card service provider," with nearly 170 cities participating in the issuance of the third-generation social security card, contributing to its market leadership [1] - In the digital employment service sector, the company is collaborating with Jinse Huqin to enhance operational synergy, with its "AI Employment" product being implemented in multiple regions, creating benchmark cases for employment matching [1] - The "AI Employment Counselor" developed by the company has been launched in cities like Guangzhou and Changsha, providing a full-process intelligent service that has served over 200,000 individuals [1] Healthcare Financial Services - The company has partnered with China UnionPay to create a "seamless medical payment" model, which has been integrated into the 2025 Guangzhou government work report, with over 100 top-tier medical institutions connected and more than 2.5 million signed users [2] - The accompanying app "Convenient Medical Payment" has achieved over 60,000 weekly active users, expanding service scenarios to areas like Dongguan and Zhongshan [2] Government Services - The company is building an AI Agent multi-channel service network and has launched its self-developed large model "Zhiwei Jieyu," which has been registered with national cybersecurity authorities and deployed locally in several provinces [2] - The implementation of this model has improved government service efficiency by over 40% in relevant regions [2] Data Application - The company is deepening the construction of "data supermarkets" and local "service zones," winning a bid for the operation of the Guangzhou Data Exchange (Tianhe) zone [2] - The company is also involved in the publication of "Data Product Development and Management," which includes practical cases in the public data sector [2] Future Strategy - The company aims to maintain its core operational goals of cash flow and profit preservation while accelerating the integration of scenarios, technology, and data in its core business areas, including social security card services, digital employment, AI governance, and data operations [3]

Core Insights - The company reported a revenue of 249 million yuan and a net profit of 8.87 million yuan for the first half of 2025, indicating a solid financial performance [1] - The new contract amount for "social security operation and big data services" increased by 12.87% year-on-year, reflecting the effectiveness of the company's strategic focus in social security card services and AI applications [1] Group 1: Business Performance - The company participated in the issuance of the third-generation social security card in nearly 170 cities, with a year-on-year increase in issuance volume of 20.47%, expanding its reach into county and rural areas [1] - The company aims to upgrade the social security card from a "card" to a "digital platform," enhancing services related to social security payments, benefit collection, and medical settlement [1] Group 2: Technological Integration - The company has integrated AI technology into core livelihood scenarios, improving service efficiency and user experience [1] - The "AI Employment Counselor" was launched, covering over 200,000 college graduates, providing comprehensive intelligent services such as resume optimization and interview simulations [2] Group 3: Strategic Partnerships and Services - The collaboration with China UnionPay for "seamless medical payment" has been implemented in over 100 top-tier hospitals in Guangzhou, with more than 2.5 million signed users [2] - The company’s self-developed "Zhiwei Jieyu" model has been approved by national cybersecurity authorities, enhancing government service efficiency by over 40% in various provinces [2] Group 4: Future Focus - For the second half of 2025, the company aims to maintain cash flow and profit while enhancing team efficiency, focusing on three main areas: consolidating social security card services, strengthening AI applications in digital employment and government services, and accelerating the commercialization of data operations [2]

Core Insights - The digital transformation in governance and public services is creating a trillion-dollar market opportunity, driven by policy incentives and technological advancements [1][2] - Desheng Technology is leveraging its 26 years of experience in the human resources sector to integrate digital currency, data elements, and AI into public services [1][2] Policy and Technological Innovation - The Chinese government has issued guidelines to accelerate the development and utilization of public data resources, encouraging businesses to create products and services from these resources [1] - The Shanghai Data Exchange has introduced the RDA paradigm, focusing on the capitalization of data assets through real data, which is expected to support the new infrastructure of the data capital era [2] Business Model and Service Innovation - Desheng Technology has developed an AI-driven model that connects governance and public services, enhancing service efficiency and commercial value through its AI Agent technology [3][4] - The company has implemented a "Digital Civil Servant" model in over 100 cities, significantly improving the accuracy and efficiency of public service responses [4] Healthcare and Employment Services - The "Seamless Payment" service in healthcare has successfully addressed common issues faced by patients, allowing for instant reimbursement and reducing the need for physical payments [5] - Desheng Technology has established a comprehensive employment service system targeting key demographics, enhancing job matching and service efficiency through its AI Employment Agent [6] Data Asset Management - The company is actively involved in the standardization and management of public data assets, having signed contracts for data asset operation projects that have generated significant transaction volumes [8] - Desheng Technology has successfully demonstrated the commercial viability of data assets, facilitating financing for local companies through data utilization [8] Future Outlook - The integration of RDA and digital currency applications is expected to enhance the company's service value and improve profit margins, contributing to its long-term growth [9] - Desheng Technology's leadership in data asset management and its collaborations with various data exchanges position it well for future revenue growth and market expansion [9]