Linewell(603636)2024-07-15 07:35Group 1: Company Overview and Investor Relations - The company is South威 Software Co., Ltd., with stock code 603636 [1] - The investor relations activity took place on July 11, 2024, via a conference call [2] - Key participants included representatives from various investment firms and the company's senior management [2] Group 2: Computing Power Center Development - The company has received approval for a computing power center project in Beijing, with a capacity of 2300 PFlops [2][3] - The center will support the development of artificial intelligence for internal use, government public computing services, and enterprise service computing [3] - The company plans to combine imported and domestic servers for optimal resource allocation and technological innovation [3] Group 3: Business Strategy and Revenue Growth - The company aims to diversify its computing power services, including operations and leasing, to meet various customer needs [3] - In the first half of 2024, the company collected a total of 752 million RMB in project payments, a 66.74% increase compared to the same period last year [3][4] - The company is focusing on transforming its business model from integration to subscription-based services, enhancing the revenue structure and improving cash flow [4] Group 4: Future Prospects and Competitive Advantages - The company is adjusting its business structure to reduce reliance on advance funding and increase investment in core software and hardware products [4] - It has achieved a 4+ level certification for its AI large model dialogue system, becoming the first company in China to receive this rating [4] - The company is not currently planning direct investments or acquisitions in AI computing power operations but is focusing on partnerships with leading AI firms [4] Group 5: Risk Factors - The company's stock price is influenced by various factors, including industry policies, economic cycles, and market volatility [4]