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Yuntian Lifei's revenue in 2023 will be 500 million: a year-on-year decrease of 7% and a net loss of 500 million after deducting non-profits

author:Thunder delivery
Yuntian Lifei's revenue in 2023 will be 500 million: a year-on-year decrease of 7% and a net loss of 500 million after deducting non-profits

Lei Jianping on April 26

Shenzhen Yuntian Lifei Technology Co., Ltd. (company code: 688343, company abbreviation: Yuntian Lifei) released its financial report today. According to the financial report, Yuntian Lifei's revenue in 2023 will be 506 million yuan, a decrease of 7.36% from 546 million yuan in the same period last year.

Yuntian Lifei's revenue in 2023 will be 500 million: a year-on-year decrease of 7% and a net loss of 500 million after deducting non-profits

The net loss in 2023 will be 383 million yuan, compared with a net loss of 447 million yuan in the same period last year, and the net loss after deducting non-profits will be 500 million yuan, compared with a net loss of 529 million yuan in the same period last year.

Yuntian Lifei's revenue in 2023 will be 500 million: a year-on-year decrease of 7% and a net loss of 500 million after deducting non-profits

Yuntian Lifei's revenue in the fourth quarter of 2023 was 279 million yuan, the net loss was 84.77 million yuan, and the net loss after deducting non-profits was 124 million yuan.

The main business of Yuntian Lifei focuses on two business scenarios: digital city operation management and intelligent upgrading of human settlements. At present, Yuntian Lifei's revenue is mainly based on digital city scenarios, and gradually expands to residential life scenarios, facing urban governance, smart transportation, smart emergency response, smart urban management, smart parks, smart pan-commerce, smart communities, smart road inspection, smart security, smart policing and other industry applications.

With the core capabilities of "algorithm chip" and the technical route of "device-cloud collaboration", Yuntian Lifei has successfully implemented a series of benchmark solutions in the fields of digital city and human settlement, bringing safe, intelligent and convenient AI experience to various industries.

Yuntian Lifei has built an artificial intelligence algorithm platform, has large model research and development capabilities, and launched the "Yuntianshu" large model to create an industry model serving multiple scenarios, and cooperated with Huawei Ascend to launch the "Tianzhou" large model training and pushing all-in-one machine equipped with the "Yuntianshu" large model; The co-design of the processor architecture and tool chain realizes the chipization of algorithm technology and builds a neural network processor platform.

The profit model of Yuntian Lifei is mainly based on self-developed algorithm software, chips and other core products, with purchased customized or standardized hardware products, installation and construction services, etc., for end customers such as government agencies, enterprises and institutions and other integrator customers, according to their needs to deliver corresponding software and hardware products or solutions, and have self-developed chips and IP authorization to achieve sales revenue separately.

The company's algorithm technology mainly realizes the specific functions of customer needs in the form of software, and at the same time, combined with user needs, with purchased customized or standardized hardware. The company's artificial intelligence chip technology can be used for the intelligence of front-end equipment and edge devices, and can be used in the company's products or sold separately.

At the solution level, the company combines core products such as self-developed software with customized or standard hardware with high adaptability of the company's software through scheme design and according to the specific needs of users to form a set of software and hardware integrated solutions and sells them to achieve revenue; in terms of software and hardware products, the company generally achieves revenue by selling software or customized hardware products required for solution integration to customers; and at the chip level, the company's AI Chip products are standardized products, which are mainly for equipment manufacturers to deliver chips to achieve revenue, and relevant R&D results can also be used to achieve revenue through "IP licensing".

Chen Ning directly holds 23.56% of the shares

As of December 31, 2023, Chen Ning, chairman and general manager of Yuntian Lifei, held 23.56% of the shares, Donghai Yuntian held 8.01% of the shares, CLP Walden held 4.52% of the shares, Zhuhai Chuangxiang No. 1 held 2.97% of the shares, and Shenzhen Chuangxiang No. 2 held 2.67% of the shares;

Yuntian Lifei's revenue in 2023 will be 500 million: a year-on-year decrease of 7% and a net loss of 500 million after deducting non-profits

As of December 31, 2023, the shareholding structure of Yuntian Lifei

Ningbo Zhidao holds 2.49% of the shares, Hefei Dagao holds 1.99% of the shares, Hefei Tongshuo holds 1.84% of the shares, Investment Holding Donghai holds 1.8% of the shares, and Mingde Zhiyuan holds 1.71% of the shares.

Chen Ning holds 100% of the equity of Mingde Zhiyuan and acts in concert with each other, Hefei Dagao and Hefei Tongshuo are acting in concert with each other, and the executive partners are Huaxin Original (Qingdao) Investment Management Co., Ltd.;

Huaxin Original (Qingdao) Investment Management Co., Ltd. is a 50% shareholder of CLP Walden (Ningbo) Investment Management Co., Ltd., the executive partner of CLP Walden.

As of December 31, 2022, Chen Ning held 31.415% of the shares, Donghai Yuntian held 10.685% of the shares, CLP Walden held 6.025% of the shares, Zhuhai Chuangxiang No. 1 held 3.958% of the shares, and Shenzhen Chuangxiang No. 2 held 3.556% of the shares;

Yuntian Lifei's revenue in 2023 will be 500 million: a year-on-year decrease of 7% and a net loss of 500 million after deducting non-profits

As of December 31, 2022, the shareholding structure of Yuntian Lifei

Ningbo Zhidao holds 3.314% of the shares, Hefei Dagao holds 2.651%, Hefei Tongshuo holds 2.456%, Investment Holding Donghai holds 2.395% of the shares, and Mingde Zhiyuan holds 2.284% of the shares.

The equity of the core shareholders of Yuntian Lifei in 2023 has declined to a certain extent, mainly due to the fact that Yuntian Lifei will be listed on the Science and Technology Innovation Board in April 2023 with an issue price of 43.92 yuan, issuing 88,783,430 shares and raising a total of 3.9 billion yuan.

As of midday today, the share price of Yuntian Lifei was 29.93 yuan, and the market value was 10.6 billion yuan.

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Lei Di was founded by Lei Jianping, a media person, if it is reprinted, please indicate the source.

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