Seek .(US:SKLTY)2025-02-20 05:42Summary of Newcap's Conference Call Company Overview - Newcap was founded in 2000 by nine teachers and one official from Zhengzhou University, focusing on campus information technology in higher education. The company has expanded its services from cafeteria payment systems to various campus management solutions, serving approximately 1,420 higher education institutions, capturing about 45% of the domestic market share [2][3]. Core Business and Market Position - Newcap has developed a comprehensive smart campus management architecture, including business, data, and technology platforms, serving around 200 universities such as Xi'an University of Technology and Fudan University [2][3]. - The "Vision Perfect Campus" platform has over 10 million authenticated users, with daily active users (DAU) ranging from 260,000 to 300,000 and monthly active users (MAU) between 700,000 and 800,000, providing services like payment and course selection [2][4]. Financial Performance - Due to the impact of the pandemic, Newcap's profit dropped to 108 million yuan in 2023. However, the company maintained stable performance through operational optimization and network expansion [2][5]. - For 2024, Newcap's performance is expected to remain stable, serving over 1,400 institutions, with more than 60% being "985" universities and over 50% being "211" universities [2][21]. AI and Product Development - Newcap is actively exploring AI applications, having launched the digital assistant "Xiao Mei" for intelligent Q&A and service provision. The company is also integrating AI technology into existing products while developing new ones based on original value creation [2][6]. - The company has achieved over 90% accuracy in localized AI Q&A projects, significantly higher than the industry average, and is expanding its product offerings to include various management systems [2][7]. Technological Advancements - Newcap collaborates with various partners, including Huawei and Alibaba, to enhance its AI capabilities and has established AI research labs with multiple universities [4][9]. - The company is currently training its long-sequence reasoning model and upgrading its data insight models to improve internal R&D efficiency [9]. Project Updates - Newcap has launched a fully localized project in Hunan, providing intelligent Q&A, business processing, and data analysis services. A new project in Shanghai is in the delivery phase, utilizing the DeepSeek model for performance testing [10][11]. Market Outlook - The company anticipates a positive market response in 2025, with many projects from 2024 expected to materialize, supported by AI technology [21][22]. - The overall acceptance of AI technology in higher education is high, with institutions eager to adopt new technologies to enhance efficiency [17][19]. Investment and Future Expectations - Newcap has maintained a stable development trajectory since its IPO in 2011, positioning itself as a leader in the education information technology sector. The company aims to continue delivering reliable services to over 10 million university students [22].