YANHUA SMARTECH(SZ:002178)2022-12-06 11:13Group 1: Company Overview and Projects - The company is involved in the construction of urban-level regional medical information platforms, utilizing IoT, big data, cloud computing, and mobile internet technologies [2] - The "Smart Medical" project in Chongzhou is significantly larger in scale compared to the completed project in Luquan City [2] - The company has approximately 2,000 hospital clients and employs around 150 R&D personnel in the medical sector [4] Group 2: Business Model and Revenue - The Chongzhou "Smart Medical" project includes building a software platform for clients, providing software product sales and services, and offering operational maintenance for the platform [3] - The main revenue sources for the project are from the construction of the smart medical platform and subsequent service and operational income [3] - The company plans to select 25 high-quality clients from its existing 400+ clients for energy management contracts, which have higher gross margins compared to energy-saving engineering projects [5] Group 3: Market Strategy and Competition - The company promotes its regional medical information platform through a "Smart City" model, providing comprehensive solutions from design to implementation [3] - Major competitors in the smart medical industry include Wanda Information, Weining Health, and Chuangye Software, but the company leverages its advantages in smart city services to maintain a competitive edge [3] Group 4: Financial and Stock Issuance - The company has a market share of 11% in Shanghai's contract energy management projects, covering an area of 400,000 square meters [4] - The company’s non-public stock issuance application was approved by the CSRC, with expectations to finalize the issuance by May 2016 [5]