SW-TECH(SZ:300113)2024-03-01 10:46Group 1: Company Overview and Strategic Direction - Shunwang Technology was founded in July 2005 and has evolved through various internet eras, currently focusing on computing power, AI, esports, and ChinaJoy [2] - The company aims to leverage technological innovation and ecological cooperation to enhance its core business in computing power and AI, aligning with the mission of "Technology Connects Happiness" [2] - The 2023 net profit forecast for Shunwang Technology is estimated to be between RMB 140 million and RMB 180 million, marking a turnaround from losses in the previous year [2] Group 2: Strategic Transformation and AI Development - On January 18, 2024, the company announced a strategic upgrade to embrace the AI era, focusing on computing power and AI as dual growth engines [3] - Since 2019, the company has been exploring deep learning and established the AI Energy Center in March 2023 to delve into large models and GenAI [4] - The company has defined the concept of intelligent companionship and launched the "LaoLao" application, which is currently in the testing phase [5] Group 3: Computing Power Business Development - The company is transitioning from vertical computing power services to a multi-layered computing power service model, enhancing its offerings with products like Shunwang Computing Power Tower and Shunwang Computing Power Market [6][7] - The intelligent computing center will prioritize internal AI business needs, including the Lingxi Engine and LaoLao application, to boost overall competitiveness in the AI sector [8][9] - Shunwang has established over 300 edge computing power rooms since 2017, aiming to provide a combination of enterprise-level and consumer-level computing power services [9] Group 4: Future Plans and Market Engagement - The company plans to further integrate its computing power services with the Lingxi Engine and collaborate with partners to build a stable computing power ecosystem [10] - Shunwang emphasizes the importance of a five-layer paradigm for GenAI app development, focusing on the intelligent agent layer for deeper research and development [11] - The company has initiated a share repurchase plan, allocating between RMB 50 million and RMB 100 million for the buyback of its A-shares [14] Group 5: Upcoming Events - The 21st ChinaJoy exhibition is scheduled to take place from July 26 to July 29, 2024, in Shanghai, with the招商工作已正式开启 [15]