On the evening of February 25, Yuncong Technology (688327) released its 2023 annual performance report, and the company will achieve operating income of 6 in 20232.9 billion yuan, a year-on-year increase of 1943%, and the net profit loss attributable to the parent company was 63 billion yuan, a year-on-year loss of about 30%, a loss of 8 in the same period last year6.9 billion yuan.
According to the announcement, in 2023, the gradual recovery of the macroeconomic environment and the continuous release of the country's favorable policies for the artificial intelligence industry have brought a positive impact to the company. On the one hand, the company's project delivery cadence has returned to normal;On the other hand, driven by the rapid development of artificial intelligence technology represented by large models, the demand of B-end customers for digital and intelligent upgrading has been significantly enhanced, and the layout of new fields such as intelligent manufacturing, smart energy, and smart elderly care has been realized. As a result, the company achieved a strong increase in the amount of new contracts signed during the reporting period, and its ability to obtain orders was greatly improved.
During the reporting period, the revenue scale of Cloudwalk Technology showed a steady growth trend, and the company's overall gross profit margin achieved a steady increase compared with the previous fiscal year, thanks to the significant jump in the sales performance of software related to the human-machine collaborative operating system (CWOS). At the same time, with the continuous promotion of refined management strategies, strengthening internal cost control, reasonable scheduling and optimization of various resources, and effective reduction of various expenses, the company's cost control effect was significant during the reporting period, and the loss was further narrowed.
Cloudwalk is the first artificial intelligence platform company to be listed on the Science and Technology Innovation Board. With the advent of the era of AI large models, Cloudwalk officially launched the self-developed "Calm Large Model" in May 2023, becoming a member of the "100 Model War".
However, unlike the interactive dialogue model launched by many peers, Cloudwalk Technology's model pays more attention to the application of the B-end industry vertical market. At the end of January this year, Cloudwalk Technology said in an investment survey with a number of institutions: "The company has a keen insight into the huge potential of the enterprise-level to B market. Combined with the industry characteristics of Yuncong and Huawei's in-depth experience in the B-side, we conducted joint sales with Huawei. Through the active exploration of this joint sales model, the broad prospect of the overall market size of all-in-one products in the market has been fully verified. ”
According to reports, Cloudwalk and Huawei jointly released the Ascend AI large model training and pushing integrated solution, which realizes the integration of training and pushing, and provides an "out-of-the-box" solution, which can seamlessly switch the training and inference process of large models in the same cluster, so as to provide customers with an efficient large model training and inference deployment process, so the gross profit margin is higher than that of general hardware products.
The company is gradually increasing its investment in the To B business, and plans to steadily increase the scale and proportion of the overall business structure. This growth momentum is not only the deepening and expansion of the existing business, but also part of the increase brought by the all-in-one machine products. With the accurate docking of market demand, our training and push all-in-one machine products are expected to be implemented in the first half of this year, and some inference business will grow in the second half of the year. ”
On February 1 this year, Cloudwalk also launched DataGPT, the first AI native data analysis product in China. According to reports, DataGPT is based on the calm multi-modal large model independently developed by Yuncong, creating a new interaction mode of "dialogue is analysis", completely changing the way enterprises perceive and apply complex data, and can communicate with the system in real time through natural language to achieve zero-threshold data query and statistical operations. DataGPT enables companies to create personalized data visualization centers that highlight next-generation voice interactions.
Cloudwalk said that the company's business direction is changing from the G-end to a broader B-end industry, focusing on advantageous areas such as finance, travel, manufacturing and energy, and upgrading and iterating large-scale models and applications on the basis of existing facilities. Among them, the cultural tourism industry has become a new growth point, various innovative needs and application scenarios are constantly emerging, and the demand of cultural tourism-related enterprises to enhance the interest and attractiveness of scenic spots has prompted them to seek cooperation with the company.
In addition, with the development of the silver economy, the demand for intelligent services in the field of recreation and elderly care has increased significantly, especially in the case of manpower shortage, there is a large demand for health monitoring and care services for the elderly. Cloudwalk is committed to providing more intimate and thoughtful service solutions through innovative applications such as data training and inference technology and digital humans.
In response to investors' questions about when to make a profit, Cloudwalk Technology responded that the company is not confined to the pressure of short-term financial indicators, and is still focusing on continuing to carry out industry model research and development and in-depth layout of computing power reserves, and gradually realizing the transformation from loss to profit based on solid business development.