Geling Shentong released a performance report and became the first profitable AI vision listed company
On February 26, 2023, Geling Shentong released its 2022 performance report. During the reporting period, in 2022, the company realized operating income of 353.6535 million yuan, an increase of 20.47% over the same period of the previous year; realized the net profit attributable to the owners of the parent company 32.9969 million yuan, an increase of 148.23% over the same period of the previous year. The company’s operating profit, total profit, and basic earnings per share increased by 131.17%, 135.86%, and 138.78% respectively compared with the same period last year. This marks that Geling Shentong will achieve profitability for the whole year of 2022.
Figure: Geling Shentong’s main financial data and indicators in 2022
According to the performance report, several major financial data and indicators in 2022 have achieved rapid growth, and the main reasons for the increase or decrease of more than 30% are: the company’s operating income growth during the reporting period, interest income growth from fund management, and share-based payments The profit growth brought about by the combined effect of cost reduction and other factors, as well as the company’s initial public offering in March 2022, have brought about a substantial increase in the company’s total assets and net assets.
Since it was successfully listed on the Science and Technology Innovation Board in March 2022 and became the first A-share AI computer vision stock, Geling Shentong’s performance has grown steadily all the way. The semi-annual report disclosed by Gelingshentong in August 2022 shows that in the first half of 2022, the company achieved operating income of 117 million yuan, a year-on-year increase of 62.33%; net profit attributable to the parent was -12.56 million, a sharp decrease of 77.93% year-on-year. The third quarterly report in October of the same year showed that in the first three quarters of 2022, the decline rate of Geling Shentong narrowed and the loss was greatly reduced: the operating income was 196 million yuan, a year-on-year increase of 40.8%; the net profit attributable to shareholders of listed companies was -15.9988 million Yuan, the loss narrowed by 81.02% year-on-year. In terms of income, the company’s main operating income increased by more than 40% year-on-year. In January of this year, Geling Shentong released a pre-profit announcement for 2022, becoming the first AI vision listed company to achieve profitability. Combined with several major financial data and indicators disclosed in this performance report that have achieved rapid growth, it further confirms the stable profitability of Geling Shentong.
It is a common consensus in the artificial intelligence industry that growth is easy but profitability is difficult. As a representative enterprise in the AI track, Greenshentong has achieved steady and stable business performance since its listing in 2022. From narrowing the decline, reducing losses significantly, and then turning losses into profits, it took the lead in achieving full-year profits and became a successful leapfrog profit. Redline’s first artificial intelligence enterprise. This undoubtedly injects a shot in the arm for the market, and the industrial structure of the artificial intelligence industry may be rewritten in the future.
Founded in 2013, GreenShentong is an early explorer and practitioner of the domestic computer vision industry and algorithm technology. After nearly ten years of technical polishing and accumulation, GreenSun has effectively mastered deep learning-based model training and data production technology, 3D stereo vision technology, large-scale cross-mirror tracking technology, automated traffic scene perception and event recognition technology, A number of core technologies in the direction of robot perception and control technology are among the leading technologies in the industry. They have achieved outstanding results in various competitions and selections at home and abroad, and have passed the commercial landing test.
In addition to digging deep into the technical moat, Geling Shentong also has a unique vision and a clear strategy for the exploration of commercial landing and segmented scenarios, gradually forming a set of its own style of play.
According to the “2022 China AI+ Financial Industry Development Research Report” released by iResearch, Geling Shentong currently has six major fields: smart finance, urban management, commercial retail, rail transit operation and maintenance, sports health, and metaverse. layout, and has achieved commercial landing in most fields.
Figure: iResearch “2022 China AI + Financial Industry Development Research Report”
It is understood that in the field of urban management, Geling Shentong has covered public security, transportation and community management businesses, and has three major solutions: view big data, intelligent transportation and smart communities. In the field of smart finance, Geling Shentong mainly realizes intelligent security management and real-time early warning in financial scenarios such as banks, and has been applied in thousands of bank outlets across the country. The main landing scenarios in the commercial retail field come from real estate customers. In the field of rail transit operation and maintenance, Geling Shentong’s self-developed products have been applied in subway and high-speed rail projects in some cities, providing guarantee for the safe operation and maintenance of trains.
In the field of sports and health, the company mainly focuses on smart sports. The solutions provided by Geling Shentong can meet various business application requirements such as intelligent sports evaluation, real-time sports risk warning, and personalized sports guidance in sports training scenarios. This business has played an important role in assisting schools with hierarchical teaching and building a new teaching model of smart sports based on artificial intelligence. It is reported that this business model has been piloted in many campuses across the country, providing daily teaching support and examination services for more than 20,000 students and teachers. Metaverse is also the company’s latest business layout focus. During the service trade fair in 2022, Geling Shentong launched a self-developed large-scale immersive human-computer interaction system. Freedom equipment perception and other capabilities, with the characteristics of offline interaction with real people, immersive experience without dizziness, and one-click delivery/switching of content.
The foundation of the technical moat and the correct layout of multiple tracks may be the key to Geling Shentong’s first profit. The artificial intelligence bubble has dissipated, and the era of profitability has arrived. Judging from the positive signals released by the performance bulletin, Geling Shentong may provide more surprises in the future.