Investor.com" Pan Simin.
From December 11th to 13th, these three trading days, Yunding Technology (000409SZ) stock price three boards, during which the company also issued an announcement on abnormal fluctuations in trading, indicating that the application scenarios in the natural language processing and multimodal capabilities of the Pangu Mine large model are in the research and development stage and have not yet had an impact on performance.
Yunding Technology further pointed out that the vision and advanced capabilities based on the Pangu mine model have been developed and 47 artificial intelligence application scenarios involving 9 specialties such as coal mining, tunneling, and main transportation, and have been replicated and applied in some mines.
Recently, multimodal AI technology has continued to make breakthroughs, and in this artificial intelligence equipment competition, Yunding Technology has occupied a certain first-mover advantage in the competition by virtue of its technical advantages and extensive business network.
Pangu in the left hand, Hongmeng in the right hand
Its controlling shareholder, Shandong Energy Group, is a leading state-owned enterprise in Shandong Province, which is in the urgent need for the group's digital transformation, and Yunding is a listed entity of Shanneng Group focusing on ICT and industrial intelligent applications, and wants to help Shandong state-owned assets achieve digital transformation.
With Shandong Energy Group as its backer, Yunding and Huawei reached a strategic cooperation in October 2022, and both parties regard each other as priority partners. In other words, in the first-class system of Shandong Energy Group, Yunding Technology will give priority to Huawei's products, and Huawei will also give priority to Yunding Technology as a distributor.
Specifically, Yunding Technology is deeply involved in the innovation cooperation projects between Huawei and Shanneng Group, including joint research with Huawei on 16 innovation projects in artificial intelligence, minehong intelligent terminals, new generation underground networks, smart parks, etc., and will finally undertake cooperation projects as a distributor.
Among them, the research and development of the "Pangu Mine Model" is the top priority. The Pangu large-scale model technology base supports the main business scenarios such as coal mining, excavation, machinery, transportation, and communication, which can reduce costs and increase efficiency in multiple scenarios in the energy industry. At present, the accuracy of the algorithm model is more than 95%, and the generalization of the cross-mine replication model is greater than 70%.
In addition to the Pangu Mine model, Yunding Technology also cooperated with Huawei to develop the Minehong OS, and took this opportunity to launch the Dingyun Industrial Internet Platform. The platform is expected to increase data per day to 51.33 million pieces of data, access 18.7 billion data by the end of the year, storage capacity of 63T (including waveform files), more than 900 daily scheduling tasks, data access speed of 109M s, and more than 400,000 pieces of computing capacity per second, supporting the integrated construction of data lakehouses of the entire energy group.
With the help of Huawei's Pangu model and the R&D experience and technology of Kuanghong OS, Yunding Technology continues to refine its own products, which is expected to cover Shandong Energy Group and other manufacturing and logistics sectors in Shandong.
In November 2022, the AI service platform independently developed by Yunding Technology was officially launched. The AI service platform takes artificial intelligence recognition algorithms as the core and integrates new technologies such as the Internet of Things, big data, and cloud computing. The AI service platform realizes the whole process management and control from data labeling, model training, model release, model deployment to business scenario application.
It is reported that compared with the AI platform of traditional manufacturers, the underlying layer of the Yunding AI service platform adopts the Yunding large model algorithm and cloud-side collaborative architecture, providing multi-level and open APIs, which are widely used in coal mine production, washing management, coal delivery, power inspection, equipment health, coal blending optimization and other fields.
It can be seen that the cooperation between Yunding and Huawei has entered a virtuous circle, and the cooperation is naturally not limited to the Pangu model and Kuanghong OS.
In February this year, Beidou Tiandi Company, a subsidiary of Yunding Technology, as one of Huawei's core terminal partners, was invited to attend the Huawei Terminal Commercial Government and Enterprise Partner Conference. In the same month, Yunding Technology's smart power plant and smart mine scenario solutions passed the solution construction and testing on Huawei's hybrid cloud HCS, completed the solution certification, and obtained the Huawei Certified Development Partner Certificate. At present, the two solutions have been widely deployed in the energy industry, and have high industry versatility and promotion feasibility.
Among them, the smart power plant solution has been implemented in Shenglunenghua Power New Energy, Ordos New Energy, Lingtai New Energy, and Alxa New Energy Company, and the smart mine solution has enabled more than 70 coal mining enterprises to achieve end-to-end intelligent transformation.
The performance of the three major businesses fluctuated greatly
At present, its business is operated by four subsidiaries: Shanneng Digital Technology (ERP R&D and implementation), Beidou Tiandi (Beidou business), Guotuo Technology (coal informatization) and Detong Electric (industrial automation software), and has become the second place in the coal information industry.
On the whole, the company's performance in the first three quarters maintained a growth trend, achieving operating income of 70.3 billion yuan, an increase of 25 percent year-on-year73%, with a total profit of 8875140,000 yuan, an increase of 4089%；Net profit attributable to shareholders of listed companies was 3744110,000 yuan, an increase of 122 year-on-year78%。
Specifically, from the perspective of business, the performance of Yunding Technology's three major businesses fluctuates greatly, namely ICT and intelligent application, intelligent coal washing, ERP implementation and operation and maintenance service business.
ICT and intelligent application is the business of Beidou Tiandi, a subsidiary of Yunding Technology Holdings, which is mainly engaged in information technology services and industrial intelligent applications and "Beidou+" business, with independent research and development of cross-industry and cross-domain Dingyun industrial Internet platform, and combined with Huawei's Pangu model to create a product integrating data + algorithm + computing power + platform, to promote cost reduction, efficiency improvement, and safety improvement in the coal mining industry, and gradually promote it to mining, chemical industry, electric power, new energy and other fields. In the first half of 2023, BDStar will achieve revenue and net profit of 16.4 billion yuan, 02.4 billion yuan, a year-on-year increase respectively65%。
Another major business of intelligent coal washing is the business expanded by Yunding Technology's acquisition of Detong Electric, mainly to supplement the company's business chain in the field of intelligent coal preparation plants. The business is divided into two parts, namely the production and sales of automation and intelligent solutions and related supporting equipment for coal preparation plants. In 2022, Detong Electric will achieve revenue and net profit of 2200 million yuan, 05.2 billion yuan, the completion rate of performance commitments in 2022 is 104%, and the net profit in 2023 and 2024 is 05.1 billion yuan, 0600 million yuan, however, as of the first half of 2023, Detong Electric has achieved a net profit of 01.7 billion yuan, only one-third of the annual target.
The third largest business is ERP implementation and operation and maintenance services, which is mainly responsible for the holding subsidiary Shanneng Digital, which has the ability to deploy, integrate, develop and implement the whole product chain of SAP at the group level. At present, it has achieved full coverage of the system of Shanneng Group, successfully built the first integrated operation and control platform of industry and finance for Shandong provincial enterprises, and was selected as a "benchmark project" for benchmarking and upgrading by the State-owned Assets Supervision and Administration Commission of Shandong Province. In the first half of 2023, Shanneng Digital Technology will achieve revenue and net profit of 05.1 billion yuan, 01.2 billion yuan, down % year-on-year. In addition, the holding subsidiary Guotuo Technology is mainly engaged in the implementation and licensing, technical services and technical training of coal gasification related technologies, and in the first half of 2023, Guotuo Technology achieved revenue and net profit of 02 billion yuan, 25420,000 yuan, down % year-on-year.
For Yunding Technology, backed by Shandong Energy Group and bound to Huawei, it is expected to become a benchmark enterprise in the field of coal mine intelligence, but whether it can expand to mining, chemical industry, power and other fields remains to be verified by the market.
In addition, it is worth noting that on the basis of the existing large-scale model, the company is actively deploying new technical fields such as natural language and multimodality. Multimodal fusion decision-making has a wide range of application prospects in mining, energy and other industries, such as equipment maintenance is one of the company's key research directions in the future. Technology is constantly advancing, and Yunding Technology still has a long way to go. (Produced by Thinking Finance).