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 Viewpoint - The company, Desheng Technology, is focusing on AI product development in key public service areas such as government affairs, employment, and healthcare [1] Group 1: AI Product Areas - The company's AI products are primarily deployed in government services, employment services, and healthcare [1] - Key products include AI government services that create a smart government service network for social security inquiries, policy interpretation, and business processing [1] - AI employment services aim to establish local employment service stations and a 15-minute employment service circle for precise matching of supply and demand [1] - AI healthcare services utilize "seamless payment" as an entry point to provide targeted health services based on user payment profiles [1] Group 2: Technological Integration - The company is integrating high-quality large models and computing power into its AI product iterations [1] - The goal is to connect B-end services to build a public service ecosystem [1]