Beijing Shiji Information Technology (SZ:002153)2023-12-11 10:21Group 1: Company Performance and Growth - The number of hotels launched on the Shiji Enterprise Platform has exceeded 200, indicating rapid growth in the third and fourth quarters [2] - The integration process with hotel group headquarters is time-consuming, but the system integration work for signed hotel groups is on schedule and has received positive feedback from clients [3] - The company aims to expand its international presence by onboarding more flagship hotels globally, which will help mitigate geopolitical risk concerns among clients [3] Group 2: Future Plans and Market Strategy - The company plans to accelerate the rollout of the Shiji Enterprise Platform in regions where demonstration hotels have successfully launched [3] - The cloud dining system, INFRASYS CLOUD, has a relatively high number of signed hotel groups, which will support revenue growth in cloud-based services [4] - The company is exploring AI applications in the hotel and tourism sectors to maintain its technological leadership [4] Group 3: Competitive Positioning - The company has invested several hundred million dollars in developing a new generation of cloud-based hotel information systems since the end of 2015, establishing a large international team [5] - Unlike competitors who may adopt low-price strategies, the company focuses on advanced technology and architecture, which has been well-received by clients [5] - The management team for international operations consists of local hires to ensure effective management of international business [5]