Shiji Information (002153) Company Performance Express Review Comments: Performance Express Meets Expectations Platformization, Significant Progress in Internationalization

Shiji Information (002153) Company Performance Express Review Comments: Performance Express Meets Expectations Platformization, Significant Progress in Internationalization
Event: On the evening of February 27, the company released the 2018 performance report. The report stated that the company achieved a total operating income of 30.31 ppm, an increase of 2 over the same period last year.38%; net profit attributable to shareholders of listed companies4.35 ppm, an increase of 3 over the same period last year.71%. Investment advice: The company’s performance is in line with expectations and is at the bottom of the notice.In 2018, the company accelerated its transformation from a software supplier to the entire large consumer sector, with big data-driven application service platform operators, and made significant progress in platformization and internationalization.The growth rate of net profit attributable to mothers is 1 percentage point higher than the growth rate of operating income, and the operating efficiency has steadily improved.As a leading company in the large consumer field, the company has a clear industry pattern in the hotel sector. Cloud-based products have also been shortlisted for the international hotel group supplier list. In the retail sector, they have launched in-depth cooperation with Ali to lend Ali’s strongCapabilities, coupled with Shiji’s deep-seated informatization technology and resource accumulation for many years, among which Qiangqiangqiu tries to lead the new retail outlet in the future, and its future development is worth looking forward to.We predict that the company will achieve revenue of 30 in 2018-2020.3.2 billion, 34.00 ppm, 38.7.7 billion, achieving net profit4.3.5 billion, 6.1.9 billion and 7.9.3 billion yuan, EPS is 0.41 yuan, 0.58 yuan and 0.74 yuan, with reference to the closing price of 31 on February 27.99 yuan, corresponding to PE is 79 times, 55 times and 43 times, respectively, giving a highly recommended grade. Cloud-based products have achieved another breakthrough in the internationally renowned hotel group: According to the company’s official website on February 11th, Hyatt Hotel Group officially selected Infrasys Cloud, which Shiji belongs to, to manage numerous hotel restaurants and catering stores, which means that the company ‘sCloud POS products have officially entered the Hyatt Global Purchasing System.The entry of Hyatt’s global procurement system means that Shijiyun’s POS products have made another breakthrough in the world’s top hotels.At present, InfrasysCloud, the cloud-based POS product, has taken the lead in gaining recognition and adoption from top hotel major customers. In May 2018, Shiji’s cloud POS products achieved major customer breakthroughs for the first time and entered the InterContinental Hotel’s global procurement system.It is reported that Hyatt Hotel Airport uses the version of an overseas manufacturer. This shortlist of global cloud POS also increasingly shows that Shiji’s cloud POS has gained good product competitiveness and has been gradually recognized by major customers of the group.In the field of cloud POS, it has realized the replacement of overseas competition. Platformization and internationalization strategy continue to advance: In terms of platformization, business development is in a good shape. Through the continuous play of the company’s retail business sector synergy, the company’s payment platform traffic has maintained rapid growth, and the Changlian booking platform technology has further improved, and transaction traffic has achieved healthy growth.In terms of internationalization, in addition to cloud POS being favored by overseas customers, the company has also established new subsidiaries in India, Japan, Dubai, Macau, Thailand and other places, and strives to expand the company’s high-end hotel information system business to overseas markets and provide services to global customersIn terms of international investment, the company continued to focus on the hotel business. In 2018, it wholly acquired StayNTouch, Inc., a mobile hotel information system provider., Hotel big data analysis service provider Snapshot GmbH, golf and spa management solution provider CONCEPTEK-SISTEMAS DE INFORMAOS.One. Full cooperation with Ali in the field of large consumption: In the field of hotels, the two sides first conducted in-depth cooperation. As a provider of direct connection technology, Shiji linked the hotel information management 南京桑拿网 system with Ali’s travel management system, including the hotel system directly.The four areas of credit, product development of credit and living, connection of member service platform, and payment of bills by scanning code are convenient for Shiji Information’s hotel customers to better develop e-commerce business.In the field of catering, Shiji has opened the interface between the existing catering software and Alibaba related platforms, and successfully opened social restaurant and hotel group users from meal reservations, pre-orders, table scanning, ordering, electronic bill push,The closed-loop O2O business of online payment, takeaway and member registration, membership points, consumer voucher management, and electronic ticketing functions has improved restaurant marketing capabilities and reduced restaurant operating 杭州桑拿 costs.In the field of retail and payment business, the company has also conducted extensive direct cooperation with related platforms of Ali.The retail sector is still further integrating large-scale retail subsidiaries. The Shiji Retail Committee has been established. The specific cooperation with Ali’s new retail business includes cooperation on Hema Xiansheng, Taoxianda, and smart stores. Risk reminder: The development of new technology in the industry will gradually lead to technical risks; market and policy risks of the company’s traditional business relying on the development of the hotel industry; business management risks brought by the expansion of company assets and business scale; overseas investment risks; and progress in cooperation with Internet companies is uncertainSexual risk.