Beijing Shiji Information Technology (SZ:002153)2023-05-16 11:11Group 1: Financial Performance - In Q1 2023, the company's revenue declined primarily due to the cancellation of product agency by a subsidiary, leading to a significant drop in income [4] - The impact of the three-year pandemic on domestic clients in the hotel, catering, retail, and entertainment sectors has been substantial, requiring time for recovery in procurement of information systems and related hardware [4] Group 2: Business Development - The company has signed contracts with major hotel groups, with the largest being InterContinental, which is expected to start large-scale online operations this year [5] - The overseas business revenue is anticipated to exceed domestic revenue, with cloud POS business being a significant contributor [5] Group 3: Technology and Innovation - AI applications in hotel bookings are expected to bring significant changes, such as personalized recommendations and smart customer service, enhancing efficiency and convenience [5] - The company aims to maintain its technological leadership through partnerships with AI firms, such as Alibaba's Tongyi Qianwen [6] Group 4: Corporate Strategy - The company has a policy of capital increase through stock conversion, considering future profit distribution and shareholder interests [6] - The complexity of signing contracts with large international hotel groups is acknowledged, with expectations to meet their digital transformation strategies within a reasonable timeframe [6]