公司深耕行业15 余年，技术实力雄厚，达到行业领先的文字识别准确率。公司积极挖掘市场需求，积极开发多种渠道，目前两款APP 全球市占率遥遥领先。在B 端业务方面，公司在强大的技术能力的支撑下，其智能文字识别服务已覆盖了银行、证券、保险、政府、物流、制造、地产、零售等行业的众多头部客户，《财富》杂志2023 年发布的世界500强公司名单中，公司客户已覆盖超过130 家。Report summary:
Hehe Information is one of the few companies in the industry that has a complete layout matrix for C-side products and B-side services. It is committed to providing innovative digital and intelligent services to global enterprises and individual users through core technologies in the field of intelligent text recognition and commercial big data. The company's business layout has two major business segments: intelligent text recognition and commercial big data, both for individual and corporate customers. The C-side business is mainly a C-terminal app product for individual users around the world, including three core products: Scanning King (Intelligent Scanning and Text Recognition App), Business Card Omnipotent (Smart Business Card and Network Management App), and Qixinbao (Enterprise Business Information Search App); the B-side business provides enterprise customers with intelligent text recognition and commercial big data as the core services, forming a business matrix including basic technical services, standardized services, and scenario-based solutions to meet the diverse needs of customers such as cost reduction and efficiency, risk management, and intelligent marketing. Over the past three years, the company's various businesses have maintained a steady growth rate, driving the company's total revenue and net profit to mother to continue to grow rapidly.
The market share of C-side products in the company's intelligent text recognition business is far ahead, and B-side customers cover a wide range of customers.
The company has been deeply involved in the industry for more than 15 years, has strong technical strength, and has achieved industry-leading text recognition accuracy. The company actively explores market demand and actively develops various channels. Currently, the two apps are far leading in global market share. In terms of B-side business, with the support of strong technical capabilities, the company's intelligent text recognition services have covered many leading customers in the banking, securities, insurance, government, logistics, manufacturing, real estate, retail and other industries. In the list of Fortune 500 companies published by “Fortune” magazine in 2023, the company's customers have covered more than 130.
The commercial big data business continues to innovate and seek opportunities for differentiation. The company's commercial big data technology explores massive unstructured multi-source heterogeneous data at multiple levels, and constructs large-scale dynamic knowledge maps. The C-end and B-side work together to explore the value behind commercial data, provide users with data mining services such as enterprise information portraits, relationship inquiries, risk inquiries, marketing decision analysis, etc., to empower all walks of life, and provide added value such as risk warning, credit rating, and supply chain management. It has served many customers in nearly 30 industries, including government, industrial parks, logistics, manufacturing, real estate, retail, banking, securities, and insurance.
Profit forecast: In summary, we expect the company's revenue for 2024-2026 to be 1.428/1.712/2.035 billion yuan, respectively, and net profit to mother of 0.402/0.48/0.581 billion yuan, respectively, covered for the first time, giving it an “increase in holdings” rating.
Risk warning: Overseas business expansion falls short of expectations, market competition intensifies, new product expansion falls short of expectations, and performance forecasts fall short of expectations.
