Recently, Xinzhi Software and the Shanghai Artificial Intelligence Industry Association jointly hosted the “Shanghai Insurance Industry Digital Intelligence Transformation Forum”. Executives from dozens of insurance companies and business leaders from domestic artificial intelligence giants such as Huawei Shengsi, iFLYX, and Baichuan Intelligence attended the event to jointly promote the digital transformation of the insurance industry.

The company provides insurance companies with a full-stack solution of “computing power+large model+platform+software robot” to accelerate the digital transformation of the industry. At the level of computing power, the company has built computing power resources at three centers in three regions, and plans to achieve 1,000 P capabilities by around 2025. At the same time, it has also launched a large model training all-in-one machine and an all-in-one inference machine for the industry to make the big model of the enterprise “ready to use”. In terms of platforms, the new knowledge platform launched by the company can help enterprises build high-quality AI native applications and achieve engineering. In terms of application, the company has developed a variety of robots for the insurance business, such as the intelligent product robot “Biyi Smart Choice”, the intelligent marketing robot “Intelligent Intelligent Statement”, and the intelligent underwriting robot “Smart Insurance”.

The company cooperated with Tencent Cloud to provide fully intelligent knowledge base management services for customers in the insurance, banking, medical, automotive, retail and other industries. The purpose of building a fully intelligent knowledge base system is to achieve revolutionary progress in knowledge management by integrating the latest big model technology. Among them, the demand for AI intelligence in marketing scenarios is strong and urgent.

By integrating Tencent Cloud's large model knowledge engine PaaS, the company upgraded the enterprise knowledge management database and intelligent question and answer capabilities. The accuracy rate of graphic answers was increased from 30% to 89.2%, and the accuracy rate of complex document restoration was as high as 95%. The company used this to create an intelligent dialogue tool covering the entire pre-sales, in-sales, and after-sales process for about 100 customers.

The company can dig deeper into the needs of industry customers and provide targeted solutions. The company has accumulated rich industry experience and practical cases in the practice of providing information-based construction services for insurance, banking, telecommunications and other industries over the years, enabling the company to proactively explore the deep needs of customers, combine new technologies such as cloud computing, big data, and AI to form solutions to improve customer satisfaction. With 2024Q1, the company achieved operating income of 433 million yuan (+36.76%) and net profit of 15.12 million yuan (+107.78%) to mother.

Investment advice: We expect the company's revenue for 2024-2026 to be 2.81 billion, 27.49 billion yuan, and 3.295 billion yuan, respectively, and net profit to mother of 1.64, 2.32, and 307 million yuan respectively. The company is a leading domestic insurance IT company. AI technology is expected to further enhance the company's product competitiveness and maintain a “buy” rating.

Risk warning: AI technology implementation falls short of expectations, industry competition intensifies.