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First, strategic positioning and core competitivenessIV. Capital Operation and Future DevelopmentChina Great Wall continued to increase investment in R&D. In 2022, the R&D expenditure reached 1.322 billion yuan, up 6.01% year-on-year, and its technology R&D capability continued to increase. The company benchmarks the first-class enterprises in the industry, deeply finds the shortcomings of analysis ability, clarifies the direction of ability improvement, strengthens the capacity building of independent hardware, software, testing and data technology in the field of computing industry, and further consolidates the technical foundation. In the field of system equipment, mastering a number of key technologies can help improve the quality and efficiency of array production, break through technical difficulties, and the capacity index is better than the industry level. In addition, China Great Wall has successfully built a research and development team composed of top talents in the industry, continuously strengthened key core technology research and improved the research and development capability of high-end computing products.

At the beginning of 2022, China Great Wall completed a fixed increase of nearly 4 billion yuan to raise funds for domestic high-performance computer and server core technology research and development and capacity improvement projects, information and new energy infrastructure construction projects, high-tech electronic innovation and application projects, etc., with the aim of strengthening the layout of the network information industry, enhancing the core technology research and development capabilities and meeting the market demand for domestic high-performance computers and servers. Although Great Wall Information terminated the spin-off and listing, the company indicated that the follow-up capital operation arrangement needed further analysis and demonstration, which showed China Great Wall's flexible strategy in capital operation and thoughtful consideration for future development.A year ago, Oriental Fortune launched the first batch of large financial models in China that were filed through the Internet Office, and based on this, it created a "wonderful idea" for smart applications. During the period of directional opening-up, "wonderful ideas" have helped tens of thousands of financial practitioners solve professional problems and brought a new paradigm of work in the AI ​ ​ era to many financial scenarios.A year ago, Oriental Fortune launched the first batch of large financial models in China that were filed through the Internet Office, and based on this, it created a "wonderful idea" for smart applications. During the period of directional opening-up, "wonderful ideas" have helped tens of thousands of financial practitioners solve professional problems and brought a new paradigm of work in the AI ​ ​ era to many financial scenarios.

Guided by serving the national strategic needs, China Great Wall focuses on the high-quality development of independent intelligent computing industry, implements the strategy of "core-end integration, end-network integration, two-wheel drive and organic development", and builds a solid foundation for intelligent computing, which has become an important guarantee force for the national network information industry. The company continues to optimize its business structure, concentrate superior resources to make its main business stronger and better, and form a professional business development pattern with clear main responsibilities and clear main business. At the same time, China Great Wall has built a new operation system, implemented five special actions, strengthened cost reduction and increased efficiency, created new value through supply chain management, continuously improved its technology research and development capability, significantly enhanced its product supply capability, improved its market expansion capability and enhanced its brand influence.In the future, China Great Wall will rely on its strong R&D strength, market expansion ability and brand influence to continuously promote the in-depth development of the innovation industry, provide solid support for the digital transformation of all walks of life, and help China's innovation industry to a higher level.The investment and research industry is facing the severe challenge of information overload, and the traditional financial terminal has been difficult to meet the current demand. The introduction of "Miao Xiang Investment Research Assistant" is precisely to solve this problem. It covers the most comprehensive financial data, and with the deep accumulation and technical advantages of Oriental Fortune in the financial technology industry, it ensures the integrity, depth and immediacy of the data. In addition, the "Miao Xiang Investment Research Assistant" can also cover the complete investment research workflow from the establishment of research objectives to the writing of research reports, realize the functions of one-stop information summary and minutes assistant, and greatly improve the work efficiency of investment research personnel.