Chuangxinqizhi released its 2022 annual results, revenue increased by 80.9% year-on-year, and launched "AIGC + manufacturing"

Chuangxinqizhi (2121.HK) released its 2022 annual results, revenue increased by 80.9% year-on-year, and launched "AIGC + manufacturing"

Hong Kong - Media OutReach - March 31, 2023 - Qingdao Innovative Qizhi Technology Group Co., Ltd. (hereinafter referred to as "Innovative Qizhi" or the "Company", together with its subsidiaries, collectively referred to as the "Group"; stock code: 2121. HK) announced its results for the year ended December 31, 2022.

During the period, the group's operating income reached 1.558 billion yuan (RMB, the same below), a year-on-year increase of 80.9%; gross profit reached 507 million, a year-on-year increase of 89.7%; gross profit margin was 32.6%, an increase of 1.6 percentage points compared with 2021; excluding share-based payment and The adjusted net loss after listing expenses and other items was 138 million; the adjusted net loss rate was 8.9%, a decrease of 7.6 percentage points from 2021 and a year-on-year narrowing of 46.1%.

Highly focused on "AI + manufacturing", accounting for more than 60% of revenue

The report of the 20th National Congress of the Communist Party of China pointed out: "Building a modern industrial system, insisting on focusing the focus of economic development on the real economy, promoting new industrialization, and accelerating the construction of a manufacturing power, a quality power, an aerospace power, a transportation power, a network power, and a digital China." Since its establishment in 2018, Chuangxinqizhi has continued to focus on the "AI + manufacturing" field with high certainty and prosperity, and is committed to promoting the implementation of cutting-edge artificial intelligence technology in real industries represented by manufacturing, and assisting industrial transformation and high-quality development.

Chuangxinqizhi actively embraces intelligent manufacturing and industrial digital transformation, implements the strategy of "specialization, specialization and innovation", focusing on key subdivisions - steel metallurgy, panel semiconductor, 3C high-tech, engineering construction, automotive equipment, energy and electricity, food and beverage & new Materials and intelligent manufacturing training, following the "point-line-surface" business expansion path, we achieve 1*N replication and 1+N expansion, and are committed to long-term sustainable growth. In 2022, the revenue of the "AI + manufacturing" business segment will reach 948 million yuan, a year-on-year increase of 111.2%, and the revenue proportion will increase from 52.2% in fiscal year 2021 to 60.9%.

Thanks to the group's focus strategy and unremitting efforts in the industry, Chuangxinqizhi has become a leading manufacturer in China's "AI+ manufacturing" field. According to IDC data, Chuangxinqizhi will be ranked in the "Leaders" quadrant of China's industrial data intelligence market in 2022. It has been ranked the second largest AI industrial quality inspection manufacturer in China for three consecutive years. It is also the fourth largest computer vision and fourth largest machine manufacturer in China. The learning platform manufacturer has become the only company to rank among the top four in both technology branches in the AI ​​field.

Promote the construction of AI platforms and enrich industry algorithm models, and actively deploy generative AI (AIGC)

As an AI company based on technological innovation, Chuangxinqizhi has made good progress in patent application, AI platform construction, industry algorithm research and AIGC technology exploration in 2022.

As of December 31, 2022, a total of 1,064 AI-related patents have been applied for, of which invention patents account for about 80%, accounting for 850, and 361 were successfully registered. In 2022, 430 new patent applications will be filed. Thanks to its outstanding performance in technological innovation, Chuangxinqizhi was awarded the "National Intellectual Property Advantage Enterprise" certification by the State Intellectual Property Office in 2022, marking its achievements in the transformation of intellectual property achievements, application of achievements, and talent training. Domestic excellent level.

Chuangxinqizhi's "MMOC Artificial Intelligence Technology Platform" with independent intellectual property rights is one of the few AI platforms in the industry that has deep learning capabilities, supports automation, low-code technology development, and integrated deployment and delivery of "cloud, edge, and end", and can end-to-end The terminal supports the innovation, research and development and delivery of AI solutions, and provides technical support for the implementation of various AI solutions. The platform has built-in rich vertical scenario algorithm models and functional modules such as product defect quality inspection, production site safety management, intelligent production planning, and intelligent operation and maintenance. In the past year, Chuangxinqizhi has firmly invested in research and development resources to improve the technological maturity of the MMOC platform and the standardization of functional modules, so that it can continue to benefit from the large-scale business expansion brought about by platform standardization, further diluting costs and improving gross profit margins.

In addition to platform technology, Chuangxinqizhi also continues to make breakthroughs in industry algorithms, creating core algorithms for manufacturing application needs, establishing intelligent algorithm engines, significantly reducing model production costs, and providing key algorithm capabilities for model applications in the field of intelligent manufacturing. For example, in response to the problem of insufficient sample data in the manufacturing industry, Chuangxinqizhi has conducted in-depth research on small-sample learning algorithms, creating a full range of small-sample learning algorithms covering everything from data annotation, algorithm application to cross-domain migration, and establishing technological leadership in the field of AI industrial vision. .

Artificial intelligence is entering the AI2.0 era started by generative AI (AIGC). Innovation Qizhi remains technologically forward-looking, strengthens research on perception algorithms, further aggregates research and development results in the field of content generation on the basis of small sample learning, actively reserves AIGC technical capabilities, and gradually develops industrial pre-training large models and industry-oriented AIGC products – AInnoGC. AInnoGC uses a modular design to meet the needs of multi-scenario tasks in the manufacturing field.

Solidly promote the implementation of AI, deeply explore high-value scenarios and expand industry outreach

In the past year, Chuangxinqizhi has continued to dig deep into the value of manufacturing subdivisions, realizing the integration and expansion of advanced artificial intelligence infrastructure and diversified business scenarios, allowing AI to empower more scenarios and subdivided industries.

In the field of automotive equipment, we create advanced full-life cycle intelligent automation solutions, covering automotive smart factories, new energy smart bases, semiconductor digital assembly workshops, discrete automated industrial production lines, and high-end equipment supporting facilities to meet customer requirements for quality and production time. , cost, transparency and responsiveness requirements. In the field of iron and steel metallurgy, we continue to improve the standardization and richness of functions of intelligent hot metal transportation solutions. "1*N" is copied to more similar customers to ensure that value can be stably output in different production environments. At the same time, "1+N" "To expand applications in more scenarios, the industry's first software control system for automatic capping and uncapping of hot metal tankers realizes full automation of the capping and removal work, helping customers achieve the goal of reducing the temperature of molten iron by 10°C. In the field of panel semiconductors, we continue to provide more standardized glass panel edge quality inspection solutions, and based on the combination of MMOC platform and automation equipment, we create the first domestic all-in-one silicon wafer intelligent quality inspection machine product to improve the yield rate of silicon wafer production processes. In the field of energy and power, we continue to improve the standardization level and richness of functions of smart power station solutions.

In addition to deeply cultivating the above high-value application scenarios, Innovative Qizhi will start to develop the incremental market in 2022 in the two sub-sectors of food and beverage & new materials and smart manufacturing training. In the field of food, beverage & new materials, we provide customers with digital production MOM system solutions and promote digital intelligent factory management. In the field of smart manufacturing training, relying on rich smart manufacturing business practices and MMOC platforms, we will build a trinity of "platform, base, and service" industrial chain to help cultivate practical and professional talents.

Xu Hui, executive director and CEO of Chuangxinqizhi, said: "Innovative Qizhi has firmly grasped the growth opportunities arising from the global digital economy and the accelerated intelligent transformation of China's manufacturing industry, and has achieved excellent results in improving both quantity and quality in the past year, which once again proves that Our growth strategy has been effectively implemented and we have maintained a high degree of certainty in an uncertain market environment. Looking forward to the future, the AI2.0 era opened by AIGC is accelerating, and we will always maintain the fighting spirit from the first day of entrepreneurship and remain firm. To grow and continue to operate, we will further implement our growth strategy and promote the deep integration of the digital economy and the real economy. We will also focus on long-term capacity building and consolidating underlying technical strength, continuously improve organizational capabilities, create value for customers and partners, and more. What is important is to continue to fulfill our social responsibilities, strengthen corporate governance, and create more value for the entire society. "