代表有CEO徐坤先生CEO张发恩先生CEO李白在开始今天发布会之前请阅读免责声明下面由CEO徐坤先生介绍我们在2024全年的各项情况大家好2024年是公司应对市场挑战积极主动转型的一年 面对市场的不确定性,特别是行业的负β周期挑战,公司积极主动的转型,从前几年高举高打的弓,阶段性的转向高质量的手,去高打,降分险。2024,我们在明确、在战略优先度上,经营电瓶流放在首位,高于经营损益,又高于营收规模,我们认为这是一个 可以持续的正常的商业逻辑,同时大力改善应收账款和现金流管理,聚焦AI家制造的核心业务,增加软件的服务比例,增强直签客户的年龄。 通过结构性调整我们取得了实质性的进展业务质量和持续经营能力不断提升财务健康度属于公司成立以来的最好状况报告期内具体表现如下在收入方面公司的转型调整带来了营收规模一定程度的收缩2024全年营业收入人民币12.22亿元同比下降30.2% 相比上半年38.1%的同比下降,下半年营收同比下降21.4%,明显收窄。2025年,我们将始终下滑,重回成长。 营收之外的其他各项财务指标均有所好转或大幅改善2024年我们坚定聚焦战略更聚焦制造业主营业务AI家制造业务板块的收入占整体营收比例 ...

3月31日，创新奇智（02121.HK）发布2024年业绩报告。2024年创新奇智采取稳健的经营策略，在保障 财务安全边际的前提下，推动公司向高质量发展转型。全年实现营业收入12.22亿元，其中"AI+制造"核 心业务收入占比80%以上，毛利4.23亿元，毛利率提升1个百分点至34.6%，调整后净亏损同比收窄 23.9%，经营现金流大幅改善80.1%。 优化业务结构，盈利能力持续提升 从财报可以看出，创新奇智在2024年对集团整体的业务结构做了优化调整。一是从AI1.0向AI2.0过渡转 型，确立了"一模一体两翼"的发展路线，即以工业大模型为基础，以AI智能体为引擎，驱动工业机器 人，赋能工业软件，聚焦工业大模型在制造业专精特新垂类细分行业的场景落地。据IDC发布的《中国 大模型应用市场份额2024》报告，创新奇智位列中国大模型应用市场份额第七的位置，是唯一一家入围 的工业大模型企业。 同时，创新奇智加强对应收账款的管理。应收账款及票据同比减少28.8%，账龄结构大幅改善，账龄3 个月以上的不到五成。期末现金及现金等价物12.05亿元，为公司日后可持续发展提供了充足的流动性 保障。 确立"一模一体两翼"战略， ...

港股"AI+制造"第一股创新奇智（2121.HK）发布2024年度业绩报告。财报显示公司通过战略聚焦与业 务重构实现高质量发展转型，财务健康度显著提升。在AI技术深度重构制造业的行业背景下，其核心 业务"AI+制造"营收占比首次突破80%大关，工业大模型商业化进程进入加速期，垂直领域护城河持续 深化。 公司确立"一模一体两翼"技术架构，以自研AlnnoGC工业大模型为技术底座，以AI智能体为核心引擎， 驱动工业机器人及工业软件双轮发展。其最新Alnno-75B工业大模型在权威评测中斩获榜首，包括中国 信通院可信AI工业大模型评测最高评级、SuperCLUE中文工业大模型测评首位。 公司认为，具身智能机器人是大模型落地的重要载体。创新奇智持续加大对工业具身智能机器人的研 发，构建了全自主可控的完整工业具身智能技术栈。自研ChatRobot通过多模态VLA策略实现任务泛化 能力突破和交互友好性。 另据IDC数据，创新奇智已成为中国AI工业质检解决方案市场第一大厂商。在大模型时代，创新奇智继 续发挥在工业质检领域的传统优势地位，通过大小模型融合，将服务链条从单一的质检场景和视频安全 场景，延伸到了模型生产、模型管理 ...

最受关注的现金流方面，全年经营活动现金流出得到有效控制，从2023年的-1.8亿到2024年的-0.36亿， 同比大幅改善80.1%，远优于行业平均水平；期末现金储备达12.05亿元，在无贷款和融资的情况下，财 务安全度足以支撑今后若干年公司的无杠杆风险运营。 本报讯 （记者袁传玺） 3月31日，创新奇智科技集团股份有限公司（以下简称"创新奇智"）（2121.HK）发布2024年全年业 绩，在业务结构优化与成本管控双重作用下，全年经营现金流、调整后损益、毛利率、制造业收入占 比、应收账款周转等经营指标均实现大幅改善，标志着"高质量发展"战略进入收获期。 现金流大幅改善 财务盘面稳健 2024年创新奇智主动调整业务结构，将资源高度聚焦于高质量业务领域。同时，精细化管理策略的深度 推行有效控制成本，提升了运营效率。反映到财务报表上，2024年的收入规模出现一定程度收缩，全年 营收12.22亿元，但经营质量指标全面向好：毛利率提升1个百分点至34.6%，经调整净亏损同比收窄 23.9%，应收账款周转加快，期末应收款及应收票据4.78亿元，较上年同期大幅改善28.8%，账龄3个月 以上占比不到五成。 创新奇智持续推动 ...

3月31日，港股人工智能企业创新奇智（2121.HK）发布2024财年业绩。 报告期内，集团全年营收12.22亿，毛利率提升1个百分点至34.6%，经调整净亏损同比收窄23.9%，经营 活动所用现金流量净额较上年同期大幅改善80.1%，期末现金及现金等价物12.05亿元。回款显著增强， 应收账款及票据净值同比减少28.8%。 总体来讲，创新奇智2024年的收入规模出现一定程度收缩，但全年经营现金流、调整后损益、毛利率、 制造业收入占比均大幅改善。CEO徐辉在业绩说明会上表示，2024年面对市场的不确定性，公司积极主 动转型，积极去杠杆降风险，将经营现金流的优先级置于首位，大力改善应收账款和现金流管理，聚焦 「AI+制造」核心业务，增加软件服务比例，增强直签客户粘性。通过结构性调整，业务质量和持续经 营能力不断提升，财务健康度处于公司成立以来的最好状况。 拧紧财务螺丝，支撑技术创新 大小模型融合拓宽工业场景 进入AI2.0时代，并不意味着小模型已成为过去式。Gartner预测，到2027年，中国80%的企业将使用多 模型生成式人工智能策略来实现多样化的模型功能、满足本地部署要求并获得成本效益，采用复合型 AI的 ...

3月31日，创新奇智(02121.HK)发布截至2024年12月31日止的2024年度业绩。 报告期内，集团全年营收12.22亿，毛利率提升1个百分点至34.6%，经调整净亏损同比收窄23.9%至1.17 亿，经营活动所用现金流量净额较上年同期大幅改善80.1%，期末现金及现金等价物12.05亿元，为日后 可持续发展提供了充足的流动性保障。贸易应收账款及票据净值同比减少28.8%，账龄结构大幅改善， 账龄3个月及以上的占比低于五成。 高质量发展成效显著，财务健康度稳步增强 2024年，创新奇智将资源高度聚焦于高质量业务领域，从而实现了业务结构和资源配置的优化升级。同 时，精细化管理策略的深度推行有效控制了成本，提升了运营效率。公司在经营理念上做出重要调整， 将经营现金流的优先级置于首位。反映到财务报表上，2024年的收入规模出现一定程度收缩，但全年经 营现金流、调整后损益、毛利率、制造业收入占比均实现显著提升。 确立"一模一体两翼"技术战略，工业大模型能力全面升级 报告期内，创新奇智以AInnoGC工业大模型为基础，确立了"一模一体两翼"的技术战略框架，即以工业 大模型为引擎，驱动工业机器人，赋能工业软件，创 ...

智通财经APP讯，创新奇智(02121)公布2024年业绩，收入约12.22亿元，毛利约4.23亿元。经调整净亏损 约1.17亿元，同比收窄23.94%。 创新奇智在2024年继续"AI+制造"发展路径，升级发布"奇智孔明AInnoGC工业大模型"技术平台及AIGC 产品矩阵，为制造行业打造能真正落地的生成式AI解决方案及应用，为关键业务流程进行赋能。报告 期内，创新奇智推出了以 AInno-75B为核心的AInnoGC工业大模型技术平台，在ChatX 系列生成式AI应 用、工业大模型、大模型服务引擎以及AI Agent智能体开发平台四大方面均实现了显著提升，不断打造 差异化优势。在ChatX系列生成式AI应用方面，公司持续推动业务落地，基于大模型服务引擎以及AI Agent应用开发平台所开发的ChatX满足了工业企业多场景、多维度的智能化转型需求。如针对文档类 型数据的 ChatDoc知识问答能力、针对结构化表格类型数据的 ChatBI 数据分析能力和针对视频╱图像 类视觉数据的 ChatVision视觉洞察能力;针对企业核心生产相关的应用场景，如场内物流、零部件装配 等环节，公司提供了ChatRobot ...

Investment Rating - The report does not provide a specific investment rating for the company [5]. Core Insights - The company, Innovation Qizhi, is a leading provider of enterprise-level AI solutions in China, focusing on digital transformation and efficiency improvements across various industries [1][17]. - The company has developed two proprietary AI platforms: the MMOC platform, which emphasizes analytical AI, and the AInnoGC platform, which focuses on generative AI [2][30]. - In 2023, the company generated total revenue of 1.75 billion RMB, with manufacturing accounting for 67.2% of this revenue [1][3]. - The company has seen rapid revenue growth, with a compound annual growth rate (CAGR) of 83% in manufacturing revenue from 2020 to 2023 [43]. Company Background - Innovation Qizhi was established in 2018 and has become the largest provider of enterprise-level AI solutions in China, covering eight major industries [1][17]. - The company has a strong focus on the manufacturing and financial sectors, providing solutions that help clients reduce costs and improve production quality [1][3]. Products and Business - The MMOC platform includes components for data processing, model training, and application deployment, aimed at enhancing operational efficiency for manufacturing clients [2][22]. - The AInnoGC platform has evolved to include the AInno-75B version, supporting various applications such as data analysis and knowledge Q&A [30][33]. - The company has successfully implemented AI solutions in industries such as steel metallurgy, energy, automotive, and high-tech manufacturing [3][34]. Financial Performance and Valuation - The company reported a net loss of 1.9 billion RMB in 2023, with a stable gross margin of 33.6% [4][43]. - Revenue is projected to decline by 31.7% in 2024, with a corresponding price-to-sales ratio of 2.4 times [4][46]. - The company’s valuation is based on a price-to-sales ratio of 1.7 times for 2023, compared to peers in the AI sector [46].

Financial Performance - Total revenue for the first half of 2024 was RMB 571.7 million, a decrease of 38.1% from RMB 923.9 million in the same period of 2023[9]. - Gross profit for the first half of 2024 was RMB 193.2 million, down 35.4% from RMB 298.9 million in the first half of 2023[9]. - Operating loss for the first half of 2024 was RMB 190.8 million, compared to an operating loss of RMB 211.0 million in the same period of 2023[9]. - Net loss for the first half of 2024 was RMB 184.6 million, a slight improvement from a net loss of RMB 196.1 million in the first half of 2023[9]. - The company reported an adjusted net loss of RMB 37.4 million for the first half of 2024, compared to an adjusted net loss of RMB 39.4 million in the first half of 2023[9]. - The company reported a total comprehensive loss of RMB 184,693 thousand for the period, compared to RMB 196,155 thousand in the previous year[74]. - The net loss attributable to owners of the company was RMB 195,483,000 for the six months ended June 30, 2024, compared to a loss of RMB 195,688,000 in the same period of 2023[117]. - The company reported a net loss of RMB 195,688 thousand for the six months ended June 30, 2024, compared to a net loss of RMB 111,788 thousand for the same period in 2023, indicating a deterioration in performance[82]. Revenue Breakdown - Revenue from product and solution sales accounted for 94.4% of total revenue in the first half of 2024, totaling RMB 539.7 million[10]. - Revenue from data solution services was RMB 32.0 million, representing 5.6% of total revenue in the first half of 2024[10]. - Revenue from end-users increased to RMB 351.5 million, making up 61.5% of total revenue, compared to 40.8% in the first half of 2023[11]. - Revenue from system integrators decreased significantly to RMB 220.2 million, down from RMB 546.8 million in the same period of 2023[11]. - In the manufacturing sector, revenue for the six months ended June 30, 2024, was RMB 437.5 million, down 28.3% from RMB 610.5 million in the prior year[35]. - In the financial services sector, revenue for the six months ended June 30, 2024, was RMB 82.9 million, a decline of 64.2% from RMB 231.6 million in the same period last year[35]. Cost Management - The company aims to focus on high-quality revenue and optimizing its business structure to ensure long-term sustainable growth[34]. - The company is focusing on strategic cost management and operational efficiency to improve financial performance moving forward[74]. - General and administrative expenses for the six months ended June 30, 2024, were RMB 96.4 million, down 49.3% from RMB 190.0 million in the same period last year[39]. - Research and development expenses for the six months ended June 30, 2024, were RMB 148.0 million, down 33.7% from RMB 223.1 million in the same period of 2023[40]. - Selling and distribution expenses for the six months ended June 30, 2024, were RMB 79.3 million, a decrease of 13.0% from RMB 91.2 million in the prior year[38]. Cash Flow and Liquidity - Cash and cash equivalents amounted to approximately RMB 1,332.9 million as of June 30, 2024[14]. - The company improved cash flow from operating activities by 76.8%, reducing it to RMB 25.9 million[14]. - The total cash and cash equivalents at the end of the reporting period were RMB 1,332,903 thousand, down from RMB 1,669,467 thousand at the beginning of the period, representing a decrease of approximately 20.1%[82]. - The company maintained a net cash position as of June 30, 2024, making the debt-to-equity ratio not applicable[47]. - The company reported a cash inflow from financing activities of RMB 19,578 thousand for the first half of 2024, a significant decrease from RMB 265,104 thousand in the same period of 2023[82]. Strategic Initiatives - The company plans to focus on expanding its product offerings and enhancing its data solutions to drive future growth[9]. - The company aims to enhance AI technology applications and expand into asset management sectors, including securities and leasing, to meet growing market demands[33]. - The company plans to deepen the integration of large model technology with MOM industrial software systems, enhancing the professionalism and maturity of industrial software products[30]. - The company is expanding its AI and data product development investments to enhance its industry coverage and improve client effectiveness in key business scenarios[25]. - The company has established smart logistics scenarios in steel enterprises, successfully tracking molten iron and steel in challenging environments using image processing and visual recognition technologies[24]. Shareholder Information - The company successfully placed 19,900,000 new H shares at a price of HKD 19.70 per share, representing a discount of approximately 16.17% from the market price of HKD 23.50 on June 6, 2023[57]. - The company has adopted a 2024 H share equity incentive plan with a maximum limit of H shares to be purchased not exceeding RMB 300 million[56]. - The largest shareholder group includes Mr. Wang, Ms. Tao, Ms. Lang, and Mr. Zhang, collectively holding 145,800,000 shares, accounting for 25.80% of the issued shares[68]. - Innovation Works holds 135,000,000 shares, representing approximately 23.89% of the issued shares[68]. - Mr. Xu holds 54,828,875 shares, representing approximately 9.70% of the issued shares[65]. Employee and Management - As of June 30, 2024, the group had a total of 964 employees, with employee welfare expenses amounting to approximately RMB 207.2 million, down from RMB 288.1 million for the same period in 2023[54]. - The company has implemented employee training programs to enhance skills and integrate new employees into the corporate culture[55]. - The company has established an employee incentive plan to retain talent and promote long-term sustainable development[56]. - The total remuneration for key management personnel was RMB 17,701,000 in 2024, down 56.2% from RMB 40,297,000 in 2023[149]. Financial Risks and Accounting - The group faces various financial risks, including foreign exchange risk, cash flow and fair value interest rate risk, credit risk, and liquidity risk[89]. - The liquidity risk analysis shows total financial liabilities of RMB 790,984 thousand as of June 30, 2024, compared to RMB 668,110 thousand as of December 31, 2023[95][96]. - The group anticipates no major changes in its risk management policies since December 31, 2023[89]. - The group has assessed the impact of new or revised accounting standards, expecting no significant effect on financial performance upon their implementation on January 1, 2024[86].

Group 1 - The company held a mid-term performance conference for 2024, hosted by General Manager Feng Yu, with participation from CEO Xu Gui, CTO Zhang Baan, and CFO Yu Jin [1] Q&A Session Summary Question: What are the key highlights of the company's mid-term performance? - The management team provided insights into the financial performance and strategic direction, emphasizing the importance of adapting to market changes and enhancing operational efficiency [1]