未知机构：民生计算机今日我们发布两篇重磅深度报告重估数据库未来软-20250507

Summary of Key Points from Conference Call Records Industry or Company Involved - Focus on the database industry and companies involved in AI and payment solutions, including Minsheng Computer, Dameng Data, Taiji Co., Haima Data, Softcom Power, Creative Information, Star Ring Technology, SuperMap Software, and Toris. Core Insights and Arguments - Database as a Critical Component: The development of AI Agents is transforming software forms, with databases playing an irreplaceable role as essential carriers of data, helping large models avoid "hallucinations" and ensuring timely data updates, positioning databases as a "necessity" in the AI era [1][1][1]. - AI Empowering Database Upgrades: AI is enhancing the capabilities of databases, particularly in intelligent operations, which is accelerating the growth of the database industry [1][1][1]. - Focus on Key Companies: Companies such as Dameng Data, Taiji Co., and others are highlighted as key players in the database and AI sectors, suggesting potential investment opportunities [2][2][2]. - New Land in AI and Cross-Border Payments: The company is identified as a leading player in payment IT and smart POS, characterized as a rare low-valuation high-growth stock. The payment business's profitability is continuously improving, with smart POS expanding into Latin America, Europe, and Southeast Asia, contributing to revenue and profit growth of 9% and 25% respectively in Q1 2025 [2][2][2]. - AI and Online Certification: The integration of AI with online certification presents significant growth potential, with the company accumulating over 3.2 million active merchants through SaaS services, providing quality scenarios for AI product implementation [2][2][2]. Other Important but Potentially Overlooked Content - Risk Factors: There are several risks highlighted, including the potential underperformance of domestic database product development, uncertainties arising from technological shifts, and increased competition within the industry [3][3][3].