Incident: According to the China Securities Network of the Shanghai Securities Report, the operator of the Beijing Digital People Base and Shuzhiyunke, a subsidiary of Venture Dark Horse, created an online platform that specifically provides trusted storage services for the digital human resources industry based on “Changan Chain” technology — the Beijing Digital Human Base Storage Platform. The platform officially went live in closed beta on May 31.
The policy supports the rapid development of the digital human resources industry. According to the development goals proposed in the “Beijing Action Plan to Promote Innovation and Development of the Digital Human Resources Industry (2022-2025)”, by 2025, the scale of the digital human resources industry in Beijing will exceed 50 billion yuan, cultivating 1-2 leading digital human enterprises with revenue exceeding 5 billion yuan. The “Action Plan” specifically mentions that more than 5 common technology platforms will be built in the fields of data openness, digital asset circulation, etc., and that at least 2 special digital human parks and bases will be built. Digital intelligence cloud science “Chaoyang Dark Horse Digital Human Accelerator”.
The certification platform regulates the development of the digital human resources industry. As the first digital human storage platform in China, the Beijing Digital Human Storage Platform aims to provide digital human enterprises with one-stop electronic data storage, forensics and other services to solve the problems encountered by digital people in intellectual property protection and asset storage. We believe that the implementation of this platform will help promote the standardization and standardization of the digital human resources industry and lay the foundation for the diversification and development of future digital human resources industry business models. At the same time, the platform encourages technological innovation in the digital human resources industry through the protection of intellectual property rights, providing new opportunities for the future development of the digital human resources industry.
Actively deploy AI to help the digital human resources industry take off. In March of this year, Shuzhiyunke signed a strategic cooperation agreement with Dharmoyuan, which is expected to jointly promote the strengthening of innovative applications of domestic autonomous and controllable blockchain technology, strengthen the protection of digital human rights intellectual property rights, fully serve enterprises entering the digital human resources industry base, and activate the vitality of the digital human resources industry. In the future, we are optimistic about Digital Intelligence Cloud Technology as a “water seller” for commercializing AI models to help the future development of certification platforms and vocational education fields in the digital human resources industry chain through AI. In addition, the company recently collaborated with 360 to release the Dark Horse Tianqi Science and Technology Innovation Model, which can provide enterprises with intelligent writing and data filing services for science and technology project application materials, and empower the entire process of science and innovation services. It is also expected to empower the development of the digital human resources industry chain in the future.
Investment advice: As a well-known service and incubation agency for small and medium-sized enterprises in the industry, the launch of this digital human storage platform is expected to further enhance the company's ability to empower small and medium-sized enterprises in the digital human resources industry chain to accelerate development. At the same time, the company is actively deploying AI and cooperating with giants such as Dharma Institute and 360 to help the development of the digital human resources industry through AI. We are optimistic about the company's development and forecast that the company will achieve revenue of 512 million yuan, 728 million yuan, 996 million yuan in 2023-2025; net profit of the mother is 16 million yuan, 39 million yuan, 110 million yuan; EPS 0.09, 0.23, 0.66, PE 358X, 144X, 51X, and maintain the “increase in holdings” rating.
Risk warning: industry competition intensifies; technology transformation falls short of expectations; big model technology development falls short of expectations; industry policy changes.