Trainee reporter Niu Siruo.
On February 11, Zhongke Jincai received a letter of concern from the Shenzhen Stock Exchange immediately after releasing an article on a business cooperation meeting with Microsoft China on SORA.
On February 22, Zhongke Jincai issued a reply announcement on the letter of concern issued by the Shenzhen Stock Exchange, stating that the company's cooperation with Microsoft China is a non-exclusive cooperation, and due to uncertain factors such as policy and market environment, the company has the risk of not being able to obtain SORA API subscription qualifications.
However, the Shenzhen Stock Exchange's letter of concern does not seem to affect the enthusiasm of the market, on February 22, Zhongke Jincai opened the daily limit, and recorded 3 daily limits in four trading days, an increase of 4181%。
There is a risk of not being eligible for a SORA API subscription
Regarding the statement in the article "Zhongke Jincai and Microsoft China Held a Business Cooperation Seminar on SORA" that caused heated discussions and the concern of the Shenzhen Stock Exchange - Zhongke Jincai will be the first to apply for and obtain SORA API subscription qualifications, Zhongke Jincai said in the reply announcement on February 22 that SORA API subscription qualifications refer to the non-exclusive API subscription services that can be provided to the industry after Microsoft Cloud accesses SORA commercialization capabilities in the future, but there is uncertainty about the commercialization time of SORA.
In addition, Zhongke Jincai said that the cooperation with Microsoft China is not exclusive, and due to uncertain factors such as policy and market environment, the company has the risk of not being able to obtain the SORA API subscription qualification.
According to the reporter's reference, at present, the WeChat *** article can no longer be read on the micro account of the financial official of Zhongke Jin.
As for the development of Wensheng's ** business, Zhongke Jincai said that in 2023, 50 AI R&D personnel will be deployed in the direction of Wensheng**, with an investment of about 18 million yuan in R&D expenses, and Wensheng's **related products based on self-developed and non-SORA have not yet generated actual revenue.
The business model of Zhongke Jincai for the SORA plan is to provide users with cloud-based Wensheng ** tools and related value-added services in Chinese mainland and overseas, charging membership subscription fees or pay-per-use service fees; or to charge channel partners for Wensheng**'s API subscription fee, while the company pays Microsoft China a subscription fee for the SORA API. However, the final realization plan of the above-mentioned business model has not yet been fully clarified, and the specific impact of SORA API subscription qualification on the operating results and financial data of Zhongke Financial is unpredictable.
Microsoft-related businesses accounted for 213%
Regarding the specific mode of cooperation between Zhongke Jincai and Microsoft China, the relevance to the main business, the income and proportion of the main business of related businesses, and the net profit and proportion of the Shenzhen Stock Exchange, Zhongke Jincai replied that the company currently has two cooperation models with Microsoft China, namely the first sales, solution development and services of Microsoft cloud and Microsoft products (automotive AI agent, multi-scenario and multi-base model engine, etc.).
According to the announcement, from 2021 to 2022, the main business income of Zhongke Jincai will be 277.9 billion yuan, of which 05.9 billion yuan, Microsoft's related business income only accounted for 2 percent of the company's main business income13%。
As for Zhongke Jincai's statement that it has Microsoft's "MAICPP Data and Artificial Intelligence Partner" qualification, Zhongke Jincai replied that Microsoft China has 1000+ partners in China, of which about 5% of the companies have this qualification (non-exclusive), and since January 2024, it has not yet generated revenue, which does not have a significant impact on the company's short-term operating performance, and there is great uncertainty about whether it can develop rapidly and achieve expected revenue in the future.
Looking back at the historical articles of Zhongke Jincai***, in addition to mentioning Microsoft many times, there have also been many hot concepts in the market such as computing power, metaverse, and AI, and technology giants such as Nvidia have also appeared in them. In this regard, the Shenzhen Stock Exchange asked Zhongke Jincai to explain whether there were misleading statements in the relevant articles published on WeChat, and whether there was any speculation of the stock price with the concept of hot spots.
Zhongke Jincai claims that the news released by the company has a factual basis, there is no conflict with the information disclosed in accordance with regulations, there is no misleading investors, and there is no speculation of stock prices with hot concepts.
Edit: Captain's Review: Muyu.