UFIDA (600588): Case Study of International Major Factory Landing Verifies Overtaking in Curves in the Cloud Era
Event: According to the official WeChat public 都市夜网 account, the 2020 UFIDA Business Partner Conference antiqued on the afternoon of February 15th, and grandly released the UFIDA “SaaS Accelerator Program”, encouraging various developers to perform native development and deep integration based on the UFIDA cloud platform.
Key points of investment The comprehensive upgrade of the cloud platform ecology will drive new growth in corporate services: UFIDA’s “SaaS Accelerator Program” encourages various developers to conduct native development and deep integration based on the UFIDA cloud platform. UFIDA will endorse the brand, provide technical support, develop training, and the platform is freeUse, marketing support, industry fund investment and other comprehensive enablement, accelerate business SaaS industry with business innovation, and help partners grow rapidly.
By the end of 2019, UFIDA Cloud has settled in more than 5,000 partners, launched more than 8,000 products and services, and released / listed 66 cloud fusion products, which has become China’s leading enterprise service ecological platform.
In 2020, Kunpeng plans to set a target of more than 10,000 products and services, and more than 8,000 partners.
The new “SaaS Accelerator Program” in 2020 will further realize the comprehensive upgrade of the UFIDA cloud ecological model, and promote more developers to form more cloud service achievements based on the UFIDA cloud platform’s native development and depth, thereby forming a complete UFIDA cloud platform ecosystem.To drive new growth in corporate services.
Overseas manufacturers have cooperated one after another, and UFIDA products have overtaken in the corners.
According to the company’s official microblog, BMW and UFIDA have recently reached a major project cooperation. UFIDA will help BMW build a new digital intelligent marketing service system, provide BMW and its dealers with more comprehensive information technology support in the Chinese market, and support the continuous business of the future.increase.
Since the launch of NC Cloud last year, the company’s product concept of building social links to promote enterprise digital management has gradually been recognized by international giants.
UFIDA has pioneered enterprise services for 31 years and has provided cloud services to more than 5.22 million enterprises and public organizations, covering different industries and helping its intelligent development.
The choice of UFIDA by international giants such as BMW is a reflection of UFIDA’s strength. UFIDA in the cloud era is gradually achieving cornering overtaking in competition with overseas ERP giants.
Local ultra-large enterprises are expected to make breakthroughs, and cloud business will continue to double.
In the early stage, the company has always strengthened its fission and product development, upgraded its customer management system, and prepared for serving very large customers.
Specifically, it includes accelerating the development of NCC products and promoting the application of areas that large enterprises focus on, including procurement cloud, human cloud, financial cloud, marketing cloud, etc., to provide good support for large enterprise hybrid cloud product solutions.
With international giants taking the lead in benchmarking cases, local state-owned enterprises and large enterprises are trying to expand their cooperation with UFIDA Yunyun. This year, UFIDA achieved a breakthrough in large local enterprise groups.
As of the third quarter of 2019, the number of high-end cloud products NC-Cloud has more than 150 contracted customers, widening the gap between segments and driving the continued growth of cloud business. We expect the company’s cloud business revenue to continue to double this year.
Profit forecast and investment grade: It is estimated that the net profit attributable to the mother in 19-21 will be 12.
580,000 yuan, EPS is 0.
74 yuan, corresponding to PE is 98/88/64 times.
The company’s product competitiveness has increased, and the cloud business will continue to double in 2020 with strong certainty. Cases of large-scale enterprise groups have gradually landed this year, and the leading position has been further increased, maintaining the “Buy” rating.
Risk Warning: The development of cloud business is less than expected; the impact of macroeconomics on traditional ERP business.