Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [6]. Core Insights - The computer industry index experienced a significant decline of 4.77% during the week of January 26 to January 30, 2026, which is notably larger than the declines in the broader market indices [1][11]. - OpenClaw, an open-source personal AI assistant platform, is highlighted as a key innovation driving transformation in the AI industry. It allows users to manage tasks and interact through various messaging apps, indicating a growing integration of AI into daily life and work [4][22]. Summary by Sections Market Review - The computer industry index fell by 4.77%, with the Shanghai Composite Index down 0.44%, the Shenzhen Component Index down 1.62%, and the ChiNext Index down 0.09% during the same period [1][11]. - Sub-sector performance showed declines in computer equipment (-6.39%), IT services II (-3.50%), and software development (-4.82%) [1][11][21]. Major Events - Notable announcements include the release of new products and contracts by various companies, such as the SaaS services agreement by Shiji Singapore Pte Ltd. with Okura Nikko Hotel Management Co., Ltd. [3][23]. Key Announcements - GuoLiangDa's 2025 performance forecast indicates a slight decline in total revenue but an increase in net profit, with expected net profit ranging from 376 to 426 million yuan [2][20]. - NewBeiyang anticipates a revenue of 2.78 billion yuan for 2025, representing a growth of approximately 17% [2][20]. Investment Perspective - The report emphasizes the potential for accelerated commercialization in the AI sector, driven by innovations like OpenClaw, which is expected to create significant growth opportunities [4][22].

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [6]. Core Insights - The computer industry index experienced a significant decline of 4.77% during the week of January 26 to January 30, 2026, which is notably larger than the declines in the broader market indices [1][11]. - OpenClaw, an open-source personal AI assistant platform, is highlighted as a key innovation driving transformation in the AI industry. Its architecture allows for local device operation and interaction through popular messaging apps, enhancing productivity and automation capabilities [4][22]. - The report emphasizes the accelerating commercialization of AI technologies, suggesting a broad growth potential for the AI industry as it becomes increasingly integrated into daily work and life [4][22]. Summary by Sections Market Review - The computer industry index fell by 4.77%, with the Shanghai Composite Index down 0.44%, the Shenzhen Component Index down 1.62%, and the ChiNext Index down 0.09% during the same period [1][11]. - Sub-sector performance showed declines in computer equipment (-6.39%), IT services II (-3.50%), and software development (-4.82%) [1][11][21]. Major Events - The report discusses several significant technological advancements, including the release of AI models and systems that enhance capabilities in various fields, such as music production and genetic research [16][17][19]. - Notable announcements include the launch of new AI chips and models by major companies, indicating a competitive landscape in AI technology development [16][17][19]. Key Announcements - GuoLianda's 2025 performance forecast indicates a slight decline in total revenue but an increase in net profit, with expected net profit ranging from 376 to 426 million yuan [2]. - NewBeiyang anticipates a revenue of 2.78 billion yuan for 2025, representing a growth of approximately 17%, with net profit expected to increase by 44% to 65% [2][20]. - Shiji Information announced a significant contract to provide SaaS services for hotel management systems, indicating growth in the digital services sector [3][23].

Core Viewpoint - The company has signed a significant contract with Okura Nikko Hotel Management Co., Ltd to provide its new generation cloud-based hotel information management system, DAYLIGHT PMS, along with other services, marking a step forward in its globalization and platformization strategy [1][2][7]. Group 1: Contract Overview - The contract, known as the Master Services Agreement (MSA), allows the company to provide SaaS services, including DAYLIGHT PMS, INFRASYS CLOUD, and payment solutions to the client and its affiliated hotels [2][4]. - The agreement was approved in the company's second presidential office meeting of 2026 and does not require further board or shareholder approval, as there are no related party transactions involved [2][3]. Group 2: Client Information - Okura Nikko Hotel Management Co., Ltd operates under the Okura Hotels Group and manages 79 hotels globally, with over 23,000 rooms as of June 1, 2025 [2][3]. Group 3: Contract Terms - The MSA outlines the obligations and conditions for the client and its affiliates to purchase specific products and services from the company [4][5]. - The agreement includes provisions for hardware delivery, installation, warranty claims, and ongoing support and maintenance services [5][6]. Group 4: Impact on the Company - The signing of the MSA signifies recognition of the company's products by a prestigious international hotel group, enhancing its brand influence and establishing a benchmark for future market entries, particularly in Japan and the Asia-Pacific region [7]. - While the agreement is expected to positively influence the company's global business expansion, it is not anticipated to have a significant impact on the company's financial performance for the current year [7].

Core Viewpoint - Shiji Singapore Pte Ltd, a wholly-owned subsidiary of Shiji Information, has signed a Master Services Agreement (MSA) with Okura Nikko Hotel Management Co., Ltd to provide SaaS services including the DAYLIGHT PMS hotel information management system and related solutions [1][2]. Group 1: Contract Overview - The MSA allows Shiji to provide its new generation cloud-based hotel information management system, DAYLIGHT PMS, to Okura Nikko Hotel and its affiliates [2]. - The agreement was approved in the company's second presidential office meeting of 2026 and does not require further board or shareholder approval [2]. - Okura Nikko Hotel operates 79 hotels globally with over 23,000 rooms, indicating strong operational capacity and reliability [3]. Group 2: Contract Terms - The MSA outlines obligations and conditions for the purchase of products and services, including hardware installation, software as a service (SaaS), and support services [4][5]. - The agreement is effective until terminated as per its terms, with automatic renewals unless a written notice is provided 90 days in advance [4]. Group 3: Impact on the Company - The signing of the MSA signifies recognition of Shiji's products by a prominent international hotel group, enhancing its brand influence in the high-end market [7]. - The partnership is expected to establish a benchmark for DAYLIGHT PMS in the high-end hotel sector, particularly in Japan and the Asia-Pacific region, potentially leading to long-term financial benefits [7]. - While the agreement is positive for global business expansion, it is not expected to significantly impact the company's financial performance in the current year [7].

Core Viewpoint - The company has signed a Master Service Agreement with Okura Nikko Hotel, indicating a strategic partnership to provide advanced hotel management systems and related services [1] Group 1: Agreement Details - The agreement involves the provision of a next-generation cloud-based enterprise hotel information management system, DAYLIGHT PMS [1] - The company will also supply a cloud dining system, INFRASYS CLOUD, along with payment solutions and related hardware products [1] Group 2: Strategic Implications - This partnership with Okura Nikko Hotel and its affiliates highlights the company's commitment to enhancing technological solutions in the hospitality industry [1] - The collaboration is expected to strengthen the company's market position by leveraging innovative cloud-based systems [1]

Group 1 - The company is undergoing a transformation towards globalization and platformization, with its new cloud-based hotel information management system, DAYLIGHT PMS, being a key product in this transition [1] - DAYLIGHT PMS is designed to completely replace the older hotel information management systems and other subsystems at both hotel and group levels, and has received recognition from several well-known international and domestic hotel groups [1] - The system has already been implemented in a number of hotels across Europe, Asia-Pacific, the Middle East, and the Americas, achieving bulk deployment [1] Group 2 - On January 27, 2026, the company's wholly-owned subsidiary, Shiji Singapore Pte Ltd., signed a Master Services Agreement with Okura Nikko Hotel Management Co., Ltd, to provide DAYLIGHT PMS and other related systems and services as a SaaS solution [2] - The agreement includes the provision of cloud-based restaurant systems, payment solutions, and related hardware products and services for the hotels owned, franchised, managed, or operated by the client and its affiliates [2]

Group 1 - The company is undergoing a transformation towards globalization and platformization, with its new cloud-based enterprise hotel information management system, DAYLIGHT PMS, being a key product in this transition [1] - DAYLIGHT PMS is designed to completely replace the older generation hotel information management systems and other subsystems at both hotel and group levels, and has received recognition from several well-known international and domestic hotel groups [1] - The system has already been implemented in a number of hotels across Europe, Asia-Pacific, the Middle East, and the Americas, achieving bulk deployment [1] Group 2 - On January 27, 2026, the company's wholly-owned subsidiary, Shiji Singapore Pte Ltd., signed a Master Services Agreement with Okura Nikko Hotel Management Co., Ltd, under which the company will provide DAYLIGHT PMS, INFRASYS CLOUD, payment solutions, and related hardware products and services to the client and its affiliated hotels [2]

Core Viewpoint - The company is rapidly advancing its collaboration with international hotel groups through its Daylight PMS, with several new contracts signed and a strong focus on global expansion [1][2]. Group 1: Collaboration and Partnerships - The company has signed new contracts with notable clients including Melco Resorts, Kempinski Hotels, and the largest independent hotel group in the Netherlands, Van der Valk, which operates 74 hotels across 7 countries [1]. - Successful implementations have been achieved with leading hotel brands in the UAE, Germany, New Zealand, Thailand, Singapore, and Switzerland [1]. Group 2: Future Growth Expectations - The chairman and president of the company indicated that the global expansion process is gradual, supported by the development of new cloud products and the establishment of a global sales and service network [2]. - The Daylight PMS was gradually introduced to the market starting in 2020, with a significant increase in the number of installations, reaching 4,333 by the end of 2024 [2]. - The company anticipates that as the SaaS business accumulates more clients, the selection process for international customers will shorten, leading to a substantial impact on operational results [2].