[Click eStock] "Douzone Bizon, AI Solution Sales Expected to Accelerate"

Hana Securities analyzed on the 30th that Duzon Bizon’s artificial intelligence (AI) solution sales will be in full swing in the second half of the year. No investment opinion or target price was provided.

Duzon Bizon is a specialized company in enterprise informatization software such as ERP and groupware, and is diversifying its cloud-based AI solution products.

In June this year, Duzon Bizon launched ‘ONE AI,’ which combines core enterprise business solutions with generative AI ChatGPT. Expansion within the enterprise AI market is underway through internal corporate data and the company’s solutions. Seongho Kim, a researcher at Hana Securities, said, “The number of ONE AI customers actually increased from 220 at the end of June to around 500 at the end of August,” adding, “There was no significant sales contribution from ONE AI in the second quarter this year, but related sales are expected to begin in earnest from the third quarter.”

He also evaluated that acquiring new customers through the AI-based development platform ‘GEN AI DEWS’ is an expected momentum. He explained, “DEWS, which has the advantages of shortening development time and cost efficiency, will target Extended ERP customers and drive performance growth,” adding, “Expectations for performance improvement through synergy with DEWS in the second half of the year remain valid.”

Hana Securities forecasted that Duzon Bizon’s consolidated sales and operating profit this year will be 406.1 billion KRW and 83.8 billion KRW, respectively, representing increases of 14.8% and 21.3% compared to the previous year. He emphasized, “Annual performance of over 200 billion KRW is expected from maintenance and usage fees for existing customers,” and “Growth will continue depending on new customer acquisition and the effects of new products.”