Amarsoft(SZ:300380)2022-12-07 09:34Group 1: Company Overview - The company primarily develops bank credit management software systems, serving 9 joint-stock banks and over 80 city commercial banks, along with some rural commercial banks [2] - The risk management system was previously developed for foreign companies and a few domestic enterprises [2] - The company has started data services, including real estate data, business data, litigation data, and public opinion data [3] Group 2: New Business Initiatives - A credit reporting company was established last year, focusing on data collection and analysis, and is currently undergoing registration [3] - The company plans to establish two new entities: Xichang Anshuo Yimin Internet Financial Services Co., Ltd. and Zhixin Company, with the former focusing on liability export and asset output, and the latter on inclusive finance [3] Group 3: Inclusive Finance Model - The inclusive finance model is still in development, with no specific product launched yet [4] - The aim is to address high interest rates and financing difficulties in the market, potentially providing lower-cost solutions for funding needs [4] - The company seeks to reduce intermediary costs in the inclusive finance sector [4] Group 4: Strategic Partnerships and Market Position - The company’s investment in Liangshan Commercial Bank aims to support its internet finance business and leverage its expertise in bank credit risk management for performance growth [4] - The company views the current state of enterprise credit reporting in China as an opportunity, given the disparity between the country's economic status and credit reporting development [5] Group 5: Future Business Direction - The company plans to transition from software to service-oriented operations, maintaining traditional business as a foundation for stronger customer relationships [6] - There is an emphasis on data service integration, recognizing that no single company can possess all necessary data [6] - The potential for synergy between inclusive finance products and other banking services is acknowledged, although the timeline for product launch remains uncertain [6]