Shulou(Shulou.com)11/24 Report--

On October 26, 2023, Ruotong Power Information Technology (Group) Co., Ltd. (301236.SZ) released its third quarter report of 2023. According to the report, the company's revenue exceeded 12.8 billion yuan in the first three quarters, the net cash flow of operating activities increased by 47.83%, and the net profit in the first three quarters exceeded 352 million yuan. In recent years, Softcom Power has taken the initiative to change, pragmatic innovation, adhere to the key customer strategy as the center, focus on digital innovation business and strategic emerging industries as the market growth point, and carry out in-depth cooperation with customers in the field of innovation and technology such as artificial intelligence. Ploughing the regional sinking market, effectively releasing the new potential energy of the company's performance growth.

In the face of the wave of digital economy, the company accelerates the digital transformation, and is transforming to intelligence, innovation and energy, and continues to provide reliable and high-quality services to well-known customers in the industry. The company is one of the core suppliers of a large domestic communication equipment enterprise and its main ecological partner. During the reporting period, the company continued to provide comprehensive IT services such as consulting and solutions, product research and development, IT implementation, operation and maintenance, and also deeply participated in ecological construction such as cloud, AI and big model, Hongmeng / Euler / Gauss / Kunpeng / Teng, and digital energy.

During this period, Softcom Power became one of the first partners of Huawei Yunpan Ancient Model, jointly released "Digital Resource enabling Center", ISDP bullet train maintenance and inspection and other industry solutions; jointly released iSSCloud ITSM integrated operation and maintenance platform, which was successfully used for commercial use; and jointly built Shanghai Qingpu "Big Digital" innovation laboratory to promote the integrated development strategy of the Yangtze River Delta. During the reporting period, Softcom Power was awarded the preferred ICT service partner of a large domestic communications equipment company, awarded by Huawei Cloud's "Advanced Cloud Digital Transformation Consulting and system Integration partner", Huawei Cloud's "Global Outstanding Distributor", and became one of the first members of MindSpore Open Source Council and many other honors and recognition.

Digital innovation business has achieved fruitful results

Increase the commercial landing of open source Hongmeng / Euler / Gauss and add superior results. In the field of open source Hongmeng, the company independently develops USB3.0 technology, which greatly improves the transmission speed and leads similar products. In terms of open source Hongmeng audio and video codec, multi-channel audio and video streams have also achieved technological breakthroughs in the industry, helping Yunnan Institute of Communications Sciences to release the first Hongmeng transportation industry distribution system. During the reporting period, the company accelerated the expansion of Hongmeng's commercial ecosystem, signed a strategic cooperation agreement with Xiongan New area and reached strategic cooperation with Advantech Technology; deeply participated in platform construction in the power industry; and in the field of education, signed a contract with Wuxi Open Source Hongmeng Talent Innovation Center to continuously strengthen school-enterprise cooperation. In terms of open source Euler, the company released its own operating system migration tool x2TianHe and obtained the copyright of computer software to provide customers with professional migration services. At the same time, it is also cooperating with ISV to provide customized, one-click, easy-to-use dedicated migration tools, and reached a cooperation intention with data platform professional ISV Dt Dream on the "OpenEuler Managed by Softcom Power" solution. In the field of open source Gauss, the Tianhe database based on the openGauss5.0.0 version has officially passed the certification of the commercial distribution of the Gaussian open source community, marking a key step for the company in the field of GaussDB database.

Deepen the industrial Internet tentacles and improve the market layout. During the reporting period, the company fully sank the industrial Internet capability to the regional market, promoted the landing in Guangzhou and other places, launched the application practice of industrial Internet and large models in the coal industry, completed the "2023 Intelligent Manufacturing and Industrial Internet Series Public Welfare broadcast", joined the "Guangzhou Manufacturing Modernization Promotion Alliance", and was again on the "Top 100 list of Industrial Internet in 2023".

Strategic emerging industries have developed significantly

Deep ploughing in the field of science and technology, diversified business development. In the field of science and technology, the company to banking, insurance, securities, enterprises and other sectors to provide customers with a full range of digital transformation services. In the banking field, a new generation of software development integration suite AISE and test support software AITD platform supported by AI model have been released and entered the commercial stage. Data security products have been implemented in a state-owned joint-stock bank. The company successfully passed the international software test maturity model integration (TMMi) level 5 certification recognized by the TMMi organization, and successfully won the bid for a large state-owned bank Xinchuang project.

In the field of insurance, the company is actively building a large model of the insurance industry, and the first phase of an insurance industry customer full-stack Xinchuang integration project has been successfully launched, winning the bid for the first time China Life e-commerce digital construction project, Bohai Life core business system research and development project and so on.

In the enterprise field, the treasurer of China Southern Airlines and the financial company's service system technology upgrade project went online smoothly, taking the lead in realizing the domestic database for the core system of the domestic financial company.

Vigorously promote the digital energy strategy, the market expansion effect is remarkable. Build a special capability center of "operation and inspection line", make use of the advantages of first-mover and products, and actively expand the business of "one map" and "measurement center" of power grid. During the reporting period, the company signed a framework agreement with Ningde Times New Energy Technology Co., Ltd., signed a contract with China Coal Xinji Project, State Power Investment Group Comprehensive Wisdom Energy Technology Co., Ltd., and State Power Investment Group Digital Technology Co., Ltd. work together to empower green development.

With the development of intelligent terminal business, customers are growing rapidly. During the reporting period, there were 5 new cooperative intelligent terminal industry chain customers, deeply involved in the R & D and maintenance of some customers' flagship models. Consolidate the R & D capability in the field of terminal operating systems, speed up the research and development and layout of graphics framework development platform products, and continuously enhance the adaptability of domestic chips and domestic operating systems.

Continue to invest in overseas markets and create a global layout

The company is accelerating its overseas layout and has made Singapore as the international headquarters of overseas markets, continuously working in North America, Asia-Pacific, the Middle East and other regions, together with local partners, to provide customers with end-to-end digital technology and operational services. The company has promoted and landed the DataGo data governance platform and Ruotong Power Tianxuan 2.0MaaS platform overseas to endow overseas customers with advanced domestic solutions. At the same time, the company has made efforts for domestic overseas enterprises to deepen ecological cooperation in overseas markets.

Cutting-edge leading science and technology to promote innovation and development. In terms of technological innovation, the company actively invests R & D resources, promotes the innovation of service capabilities, and works with partners to build a number of practical and innovative digital solutions to help customers achieve marketing goals. The company insists on innovation-driven, unswervingly promotes the development strategy of key customers, deeply ploughs the regional market, expands overseas business, promotes the company's market growth, and is an active enabler of the digital economy.

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