GRG Banking(SZ:002152)2023-12-20 08:54Group 1: Company Initiatives and Developments - The company has made significant strides in the data element industry by investing in the Guangzhou Data Exchange and establishing the Guangzhou AI Public Computing Center, enhancing its core competitiveness in data processing, operation, and trading [1] - The company has been awarded the title of "Guangdong Province Data Broker," aiming to explore market-oriented allocation of data elements and promote high-quality development of the data element market in Guangdong [1] - The company has launched the "Qingyi Loan (Social Security Data)" product, which is the first public data product in the social security field in Guangdong Province, enhancing credit assessment accuracy for financial institutions [2] Group 2: Financial Performance - In the first three quarters of 2023, the company achieved a revenue of CNY 5.744 billion, representing a year-on-year growth of 20.10%, and a net profit of CNY 932 million, up 13.21% year-on-year [2] - The growth is attributed to increased equipment deliveries in overseas markets, continuous growth in budget management integration business, and new internet payment services [2] Group 3: Technological Advancements - The company has developed a full-stack solution for financial innovation, including software, intelligent computing products, and cloud services, catering to various sectors such as government, finance, and transportation [2] - The company has established a strategic partnership with Huawei, becoming one of the 11 partners for the Kunpeng series servers, accelerating the construction of domestic supercomputing and intelligent computing capabilities [1] Group 4: Market Expansion - The company has expanded its international presence with eight branches covering Asia-Pacific, Middle East, Europe, Africa, and America, with products entering over 110 countries and regions [3] - The company is focusing on digital transformation in domestic banks while leveraging this experience to enhance its overseas business [3] Group 5: Smart City Initiatives - The company has won a bid for the Guangzhou Conghua District Smart City Construction Project, marking a significant breakthrough in urban digital infrastructure projects [3] - The establishment of "Guangdian Shoutou" as a digital investment platform aims to support digital government and smart city initiatives across various regions [3]