Tongtech(SZ:300379)2023-12-18 09:25Business Strategy and Focus - The company aims to focus on its core business in software infrastructure, optimizing its financial structure and enhancing overall operational efficiency [3] - The company plans to deepen its collaboration with Huawei and Euler ecosystems, leveraging its long-term partnership with Huawei [2] - The company is exploring the integration of AI technology with foundational software to expand application scenarios and enhance system capabilities [4] Financial Performance - The company's total revenue for the first three quarters of 2023 showed a year-on-year decline, but there was a recovery in the third quarter [3] - The middleware business in the financial sector achieved a significant growth of 91.46% in the first half of 2023 [3] Product and Technology Development - The company released TongJDK, a commercial product based on BishengJDK, and donated two projects to the openEuler community: the Lightboat Web Cloud Native Management Platform and the Cloud Wing Data Cache Middleware [2] - The company has developed a series of products and solutions in the field of content risk control, including content risk control systems, new media comprehensive supervision systems, and AIGC deep synthesis content monitoring systems [4] - The company's intelligent multimedia content security technology won the 2023 China Society of Image and Graphics Technology Invention Award [4] Market and Industry Trends - The company is adapting to the structural characteristics of the segmented industry influenced by macroeconomic conditions [3] - The company is focusing on key sectors such as government, finance, telecommunications, central enterprises, and military, where it has traditionally strong middleware clients [3] Strategic Adjustments - The company is transferring its stake in Taice Technology to concentrate on more profitable core businesses and streamline its strategic focus [3] - The company is continuously improving its product, technology, and service capabilities to strengthen its position in traditional markets while expanding into new foundational software markets [3]