JINXD(SZ:300830)2023-05-09 11:13Group 1: Company Strategy and Business Model - The company is focusing on a "dual-drive" strategy, enhancing its industry digital solutions while developing standardized, general software centered around an "AI low-code" development platform [1][5]. - The market and customer base are expanding from state-owned enterprises to provincial and municipal state-owned enterprises and leading private companies, providing software products and services for digital transformation [1][5]. Group 2: AI and Technology Development - The company has over 20 years of experience in industries such as electricity, rail transportation, and petrochemicals, serving major state-owned enterprises and Fortune 500 companies, which provides a solid foundation for AI applications [2]. - The AI team includes returnee PhDs and graduates from top 985 universities, focusing on NLP, OCR, knowledge graphs, and data mining [2]. - The company is collaborating with Baidu on large language models and generative AI to explore potential business value [2]. Group 3: Low-Code Development Platform - The "Qingqibing" low-code development platform is a core product, currently showing good market competitiveness and performance, with a customer base across various industries [3]. - The platform is included in the "2022 China Enterprise Digital Service Market Trend Insight Report," ranking in the star quadrant, indicating strong market presence [3]. - Over 60% of enterprise managers have adopted low/no-code platforms, with a compound annual growth rate of 40% for such platforms in 2021 [3]. Group 4: Market and Financial Performance - The low-code platform currently contributes a relatively low percentage to the company's revenue, but its market performance is improving [3]. - The Chinese low-code/no-code market is projected to reach CNY 40.6 billion in 2022, with an annual growth rate of 42.9%, expected to reach CNY 118.5 billion by 2025 [3]. - As of April 28, 2023, the company had 26,599 shareholders [4]. Group 5: Corporate Governance and Shareholder Relations - The company emphasizes reasonable and diversified dividend policies to return value to shareholders, considering operational performance and future development plans [4]. - There are currently no clear financing needs or specific targets for potential share issuance, as the company is in the authorized phase for issuing up to CNY 300 million in stock [4].