Seeyon(SH:688369)2024-06-03 10:24Group 1: Financial Performance - In 2023, the company faced challenges leading to a 1% revenue growth, resulting in its first loss since establishment due to high expenses from increased staffing based on optimistic market expectations [2] - In Q1 2024, the company achieved nearly 12% revenue growth, reduced losses, and improved cash flow, attributed to cost-cutting strategies implemented at the beginning of the year [2] Group 2: Market Trends and Customer Needs - There is a significant increase in customer awareness regarding digitalization, with a focus on service providers' brand, scale, development potential, and technical support [3] - The demand for digital governance at the municipal level has become more active, particularly with local big data platform companies [3] Group 3: AI Development and Collaborations - The company is focusing on AI capabilities in 2024, including the development of AI-native applications and collaborations with companies like Huawei and Baidu [3] - An AI-native application, an intelligent questionnaire, has been developed, leveraging AI model capabilities for survey design and analysis [3] Group 4: Product Sales and Strategy - The V8 product began large-scale sales in May 2023, generating over 90 million in orders, with a sales model targeting high-end users, system integrators, and local data bureaus [3] - A new version of the V8 product is set to be launched this year to significantly enhance delivery efficiency [3] Group 5: Workforce Management - As of the end of 2023, the company had 2,769 employees, and adjustments to the workforce will be made in 2024 based on business strategy and operational efficiency [4]