The leader in the field of identity identification, creating a new pattern of "one body and two wings"
Founded in 1993, the company occupies a leading position in the field of identity identification, specializing in the development, production, sales and service of identity terminals and corresponding system products. Based on the upgrading and development strategy of "from identity identification to intelligent cognition, from industry deep ploughing to industry integration", the company has gathered its advantageous resources to promote the large-scale commercial use of key AI cloud service solutions, mainly focusing on smart city, smart energy, intelligent medical care and identity authentication, etc., gradually developing into a new pattern of "one body and two wings". Actively joined AI, the company hired Mr. Min Wanli as chief scientist in September 2022. Mr. Min Wanli has more than 20 years of technology accumulation and industry experience in the field of artificial intelligence, and is responsible for formulating the company's science and technology development plan, drawing up research and development routes, gathering innovative high-end talents and other forward-looking science and technology development guidelines.
Jinan state-owned assets are in charge, and the performance is expected to be reversed.
In July 2022, Shensi Investment signed a share transfer agreement with Jinan Energy Group, and Shensi Electronics became the holding enterprise of Jinan Energy Group. In 2023, the company will rely on the advantages of urban basic service resources and data resources such as gas and heating of Jinan Energy Group, focus on smart city and smart energy, deeply cultivate the field of smart medical treatment and identity authentication, and gradually create a new pattern of "one body and two wings". Shensi Electronics helps the intelligent energy construction of Jinan Energy Group. Jinan Energy Group attaches importance to industrial digitization and digital industrialization. Shensi Electronics can be seamlessly involved, and the company and Jinan Energy Group are expected to develop in coordination. The company's performance has been losing money for two years in a row. 2023 is the first year in which Jinan Energy Group is in charge, and this year's performance is expected to turn from loss to profit.
Cooperate with Huawei to join Kun Peng Teng Ecology
On October 21, 2020, China Railway Jinan Bureau Group, Huawei and Shensi Electronics jointly signed a cooperation agreement to carry out in-depth cooperation on the digitization, informationization and intelligence of the railway industry. we will jointly promote the comprehensive application of intelligent video surveillance system in China Railway Jinan Bureau Group and create an innovative comprehensive intelligence and information system to protect the safe operation of the railway. In 2022, the company was invited to participate in the 2022 China Computing Conference. In the sub-forum of "Teng Teng Kunpeng Ecology", the company took the stage as a partner of Huawei to accept the license. Up to now, the company's smart park and smart catering solutions have passed the Huawei compatibility test and joined Kunpeng Ecology; the intelligent video surveillance solution edge computing module has completed the Atlas500 compatibility test of Huawei Atlas artificial intelligence computing platform, becoming Huawei's first Teng Wanli partner. no, no, no.
Build an AIGC language model in the field of urban energy
The company creates a language model of the urban energy industry to realize the vertical application of the AIGC model. Jinan Thermal Power Group Co., Ltd., a subsidiary of Jinan Energy Group, undertakes the task of heating guarantee in Jinan and other areas in the starting area, with an area of 263 million square meters, 3043 heat exchange stations, 8138.91 kilometers of heating pipe network, and 1251 heating housekeepers to serve 1.7021 million users. Based on hundreds of thousands of representative maintenance work orders, consulting records and other basic data collected from many cities, combined with urban basic services and operation scenarios, the company took the lead in building the urban energy AIGC industry language model.
Construction of AI computing platform for Shensiyunnao
Based on the core technology of AI, the company has built Shensiyunnao cognitive computing platform and realized the product deployment of customer side cloud. By combining cloud computing with edge computing, the company can provide intellectual support for edge computing modules and edge computing servers, virtual robots, intelligent self-service terminal partners, as well as intelligent video surveillance, smart energy, smart catering, smart business hall, smart park and other AI cloud service solutions. The closed-loop application of computing power, algorithm and data is realized in the vertical scene and subdivision field of the industry.
Investment suggestion
It is estimated that the EPS of the company from 2023 to 2025 is 0.10,0.65,1.06 yuan respectively, and the corresponding PE of the current stock price is 183.20, 29.10,17.86 times respectively. The company has actively joined AI, launched the urban energy vertical industry model, built AI computing platform, and joined Huawei Kunpeng & Teng Ecology. This year is the first year that Jinan Energy Group is in charge of the company, and its performance is expected to turn from deficit to profit.
Cover for the first time, giving a "buy" rating.
Risk hint
Downstream customer demand expansion is not as expected; policy promotion is volatile; product technology research and development is not as expected.