Preface
I believe that everyone has heard of chatgpt, and at the beginning of 2023, chatgpt will quickly dominate the whole network: as a natural language processing tool driven by AI technology,
Chatgpt is able to understand and learn our language, and use it to have a conversation with us humans, just like actually chatting with a close friend.
It can also help users complete tasks such as writing emails, video scripts, writing code, and papers, which can be said to be a milestone in the development of artificial intelligence technology. In addition, many artificial intelligence technologies have penetrated into all aspects of our social life, which is closely related to us.
Up to now, ChatGPT has been updated and iterated in many versions, and its computing and learning capabilities have been improved, and we can know that AI has been widely used in our lives.
When it comes to AI, everyone probably thinks of our AI chip leader - NVIDIA, after all, NVIDIA has a deep knowledge in AI chips.
But in our country, there is also a brother who belongs to our country's own AI, and he is the wave information with the name of the first brother of the AI server.
In 2022, Inspur's AI server has remained the No. 1 in China for six consecutive years, and its market share has reached an astonishing 54.7%.
However, the Wave Information, which should have been in a good situation, has been declining in performance since 2023, and its revenue is miserable.
But by the beginning of 2024, Inspur Information's revenue has turned around, the situation is good, and profits have risen as a result.
Why is the capital change of Inspur Information so large? Let's take a look!
1. The performance in 2023 will decline sharply
Compared with the momentum in 2022, the wave information in 2023 can be described as a heaven and an underground, and the performance is miserable.
In the first three quarters of 2023, Inspur Information's revenue only reached 48.096 billion yuan, a decrease of 8.85% compared with 2022; The net profit was only 787 million yuan, a year-on-year decrease of 49.12%, and the net profit decreased by nearly half! How frightening!
Not only that, the net profit margin of Inspur Information dropped to 1.62%, and the gross profit margin broke through the 10% level.
Everyone must not believe that Inspur Information, as a high-tech company, has such poor performance, and even its profitability is not as good as that of an ordinary small enterprise.
So what exactly happened to make Inspur Information so "fall off the altar"?
Inspur Information's business is to provide AI servers. Without independent R&D capabilities, the AI server industry is divided into three levels: upper, middle, and lower, which need to be assembled together, all of which are indispensable.
In these levels, Inspur Information relies on parts and information services provided by foreign manufacturers, without any independent right to speak.
In the upstream, the most important AI server is the CPU and GPU chip, which determines the performance of the AI server.
But we know that today's high-end AI chips are basically monopolized by foreign companies such as Nvidia, Samsung, and Intel.
Coupled with the restrictive policies of US imperialism on us, Inspur Information needs to pay a huge cost to get these high-end chips, and even can't get these chips at all.
This also allows Inspur Information to carry out a large inventory backlog in order to reduce its possible risk of supply interruption, which also increases the cost of Inspur Information on the one hand, resulting in a decline in profits.
Second, a year of decline, performance rebound
After a year of trough period, in 2024, our "first brother" - Inspur Information will finally usher in its own spring.
According to the company's official data, in the first quarter of 2024, Inspur Information's total operating income reached 17.607 billion yuan, an increase of 87.3% compared with 9.4 billion yuan in the first quarter of 2023, achieving a significant increase.
The net profit also came to 296 million yuan, an increase of 52.5% compared with 194 million yuan last year, completing a substantial increase in profits, and the situation is very good!
So what makes Inspur Information's revenue and profit rise significantly?
This is actually partly due to the good development of the mainland chip market. Since Huawei announced that it can develop and produce its own chips, the development trend of the chip field in mainland China has become better and better, and the research and development and production of AI chips have also improved to a certain level.
This is good news for the wave of information that is subject to the quantity and quality of chips, and can not rely too much on foreign imports, the problem of supply interruption can be effectively solved, and the quality is also guaranteed.
There is no need to stock up on large quantities, the cost is naturally reduced, the profitability has been significantly enhanced, and the profit has been greatly increased.
epilogue
As the first brother of the AI server, I believe that he will not fall as soon as he encounters a setback, on the contrary, in the context of the country's prosperity, his development will be better and better.
We must also understand that only with strong self-ability can we protect ourselves when we encounter setbacks, and Inspur International provides us with a counterexample, which we should take as a warning.
Do you have any thoughts on this? Welcome to leave a message to participate in the discussion.