Summary of Conference Call Notes Company and Industry Overview - The conference call focused on the AI business of Yaxin Technology, a leading telecommunications IT service provider in China, highlighting its rapid progress in AI services and partnerships with major cloud providers such as Volcano Engine, Alibaba, and Baidu Cloud [1][2][3]. Key Points and Arguments 1. AI Business Development: Yaxin Technology has made significant advancements in its AI business, becoming an official HiAgent partner of Volcano Engine and a key player in Alibaba's public cloud hybrid cloud services [1][2]. 2. Market Position: The company is currently experiencing a historical low valuation, making it an attractive investment opportunity. The guidance for 2024 indicates profits will exceed those of the previous year, with a stable year-end dividend per share corresponding to a dividend yield of approximately 6.9% [1][2]. 3. 5G and AI Growth: Yaxin is actively exploring new business avenues, particularly in 5G private networks and AI, which have shown substantial growth [1][2]. 4. Market Size and Trends: The AI large model market is projected to reach a scale of hundreds of billions by 2028, with significant growth in project numbers and funding [6][7]. 5. Client Engagement: The company is focusing on providing large model services to over 3 million small and medium enterprises, emphasizing the importance of user experience and continuous operation post-deployment [5][6]. 6. Collaboration with Cloud Providers: Yaxin collaborates closely with major cloud providers to leverage their computational resources for training large models, which is essential for the development of AI applications [8][9]. 7. Client Segmentation: The strategy involves targeting head clients in various industries, including government, energy, transportation, and finance, to replicate successful applications and experiences across different sectors [18][19]. 8. Product and Service Integration: Yaxin's strategy includes integrating its products with those of cloud providers, ensuring compatibility and flexibility for clients, particularly in sectors with high customization needs [22][23]. Additional Important Insights - Operational Challenges: The transition from testing phases to full-scale implementation of AI models requires significant operational adjustments and continuous monitoring to ensure data security and model performance [5][6]. - Market Dynamics: The AI large model market is still evolving, with many clients unsure of how to implement these technologies effectively, highlighting the need for companies like Yaxin to provide guidance and support [13][14]. - Investment in Infrastructure: The development of AI applications is heavily reliant on robust infrastructure, including hardware and software integration, which Yaxin is well-positioned to provide [16][17]. - Long-term Partnerships: Yaxin aims to establish long-term partnerships with cloud providers and clients, focusing on mutual growth and the successful deployment of AI solutions [20][21]. This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of Yaxin Technology's current position and future strategies in the AI sector.
亚信科技20241223