德生科技(002908) - 002908德生科技投资者关系管理信息20250505

Group 1: Company Performance Overview - The company experienced a decline in operating performance in 2024 and Q1 2025, but maintained a positive net cash flow exceeding 100 million, laying a solid foundation for business transformation [2][3] - The gross profit margin remained stable in 2024, while absolute values of three major expenses (sales, management, R&D) decreased year-on-year, although the efficiency of converting expenses into performance was low [3] - In Q1 2025, the decline in performance narrowed, showing signs of recovery [3] Group 2: Business Strategy and Market Position - The company has built an operational service system in the human resources sector, extending from government (G-end) to consumer (C-end) services, aligning with national policies promoting consumer services [2][3] - The company’s core business, social security card services, had over 500 million cardholders by the end of 2024, with a remaining issuance space of nearly 900 million [4] - The company differentiates itself from competitors by leveraging government resources for public employment service projects and focusing on key demographics such as blue-collar workers and veterans [4] Group 3: Future Growth and Development - The company plans to expand its data asset management capabilities and has received the first global ISO 55013 certification for data asset management [5] - The company is cautious about potential mergers and acquisitions, focusing on business synergy and technology enhancement to improve operational efficiency [6][7] - The "Human Resources Operation and Big Data Services" segment is expected to regain strength, potentially accounting for over 50% of the company's revenue in the future [7]