Beijing Shiji Information Technology (SZ:002153)2024-03-21 11:46Group 1: Company Overview and International Expansion - Shiji Information Technology is a leading global provider of hotel information management systems, with a focus on SaaS solutions [4] - The Shiji Enterprise Platform has successfully launched in multiple countries, including China, the USA, the UK, Germany, Japan, and several others, establishing a foundation for future international hotel group contracts [2] - The company has nearly 40 subsidiaries overseas, with an international team exceeding 1,000 personnel, supporting its global business development [3] Group 2: Product Offerings and Pricing - The SaaS business model charges subscription fees based on monthly usage and the number of hotel rooms, with pricing varying according to the service type (Full Service, Limited Service, Selected Service) [3] - The company offers a range of products, including the Shiji Cloud PMS, Infrasys Cloud, and various financial and management systems tailored for the hotel industry [4] Group 3: Research and Development Investment - R&D investment as a percentage of revenue has been increasing, reaching 26% in 2022, with approximately 680 million RMB allocated to R&D that year [3] - The company plans to maintain its R&D investment to integrate various subsystems into the Shiji Enterprise Platform and continue developing its software products [3] Group 4: Technology and Future Outlook - The company recognizes the significant impact of AIGC technology on the hotel and tourism industries, exploring applications such as language interaction between hotel managers and reporting systems [5] - The focus remains on cloud, international, and platform strategies, with short-term investments not heavily directed towards AIGC technology [5]