Financial Performance - Revenue reached a record high of 1.558 billion yuan in 2022, representing a year-on-year growth of 80.9%[2] - Gross profit margin increased by 1.6 percentage points compared to 2021[2] - Revenue in 2022 reached RMB 1,557,643 thousand, a significant increase from RMB 37,208 thousand in 2018[9] - Gross profit in 2022 was RMB 507,078 thousand, compared to RMB 23,385 thousand in 2018[9] - Total revenue for 2022 reached RMB 1.56 billion, a year-on-year increase of 80.9%[15] - Gross profit for 2022 was RMB 507 million, up 89.7% year-on-year, with a gross margin of 32.6%, an increase of 1.6 percentage points from 2021[15] - Adjusted net loss for 2022 was RMB 138 million, a decrease of 2.4% year-on-year, with an adjusted net loss margin of 8.9%, narrowing by 46.1%[15] - Revenue increased by 80.9% from RMB 861.2 million in FY2021 to RMB 1,557.6 million in FY2022, driven by growth in manufacturing and financial services sectors, increased customer base, and acquisitions[36] - Gross profit increased by 89.7% from RMB 267.2 million in FY2021 to RMB 507.1 million in FY2022, with gross margin improving from 31.0% to 32.6%[38] - Adjusted net loss (non-IFRS) was RMB 138.4 million in 2022, compared to RMB 141.8 million in 2021[50] AI and Technology Development - The MMOC AI technology platform has been applied in an increasing number of industry sectors[2] - The company is expanding its "AI + Manufacturing" footprint through both organic growth and strategic acquisitions of high-quality smart manufacturing service providers[2] - AI 2.0, driven by advancements like ChatGPT, is expected to unlock new commercial potential across industries, enhancing overall societal productivity[2] - The company emphasizes the integration of digital technologies such as AI, cloud computing, and big data into the manufacturing sector to accelerate industrial digitalization[2] - The company will increase R&D investment in the MMOC platform, focusing on generative AI and AIGC technological innovation[29] - The company aims to enhance AInnoGC capabilities, including industrial pre-trained large models and large model development platforms, to support AIGC-related solutions[30] - The company will deepen the integration of AIGC algorithms with manufacturing scenarios, improving AI application levels and addressing industry pain points[32] - The company plans to expand AIGC application scenarios, including label generation and intelligent production line layout, to enhance data quality and visual analysis accuracy[32] - The company will continue to enrich AI products and solutions, focusing on smart molten iron transportation in the steel industry and intelligent quality inspection in the semiconductor industry[33] - The company will optimize its full-lifecycle intelligent automation solutions in the automotive equipment field, leveraging digital twin technology and intelligent decision-making algorithms[33] Strategic Acquisitions and Partnerships - The company acquired a 51% stake in Qingdao Aolipu Automation Control Systems Co., Ltd. and Shanghai Haoya Intelligent Technology Co., Ltd., enhancing its presence in the food & beverage, new materials, and automotive equipment sectors[16] - The company formed a strategic joint venture with Anlian Cloud Service Co., Ltd. to establish Anlian Qizhi (Anhui) Technology Co., Ltd., focusing on AI and cloud computing integration[16] - The company agreed to acquire 51% equity of Target Company 1 for a total consideration of RMB 153.0 million, based on its 2022 projected revenue and market-to-sales ratios of five comparable companies[53] - Target Company 2's 51% equity was acquired for RMB 122.4 million, with the consideration based on its 2022 projected revenue of RMB 105 million and market-to-sales ratios of six comparable companies[55] - The company signed a framework agreement with Innovation Works on January 12, 2022, to provide customized image detection technology services to Inner Mongolia Yili Industrial Group Co., Ltd., with an initial term from January 27, 2022, to December 31, 2024[79] Customer and Market Expansion - The number of premium customers increased to 71 in 2022 from 13 in 2019, with premium customer revenue reaching RMB 1,350,995 thousand[11] - The total number of customers grew to 292 in 2022 from 50 in 2018[11] - Product and solution sales accounted for 97.7% of total revenue in 2022, amounting to RMB 1,522,229 thousand[12] - Data solution services contributed 2.3% to total revenue in 2022, generating RMB 35,414 thousand[12] - Revenue from the "AI+Manufacturing" business segment reached RMB 948 million in 2022, accounting for 60.9% of total revenue, a year-on-year increase of 111.2%[15] - The company expanded its "AI+Manufacturing" footprint, focusing on six key sectors: steel metallurgy, panel semiconductors, 3C high-tech, engineering and construction, automotive equipment, and energy power[16] - Manufacturing sector revenue in 2022 was RMB 948 million, accounting for 60.9% of total revenue, up from 52.2% in 2021[14] - Automotive equipment sector revenue in 2022 was RMB 285 million, accounting for 18.3% of total revenue, up from 16.6% in 2021[14] - InnovationQingdao's market share in the computer vision application market rose to 4th place, and it maintained its 4th position in the machine learning platform market, making it the only company to rank in the top four in both AI technology branches[17] ESG and Corporate Governance - Qingdao AInnovation Technology Group is committed to fulfilling its social responsibilities and enhancing corporate governance[2] - The company emphasizes environmental, social, and governance (ESG) principles, focusing on innovation-driven services and digital transformation solutions[68] - The company has established a comprehensive three-level ESG governance structure, including the board of directors, senior management, and an ESG working group, to ensure sustainable development[69] - The company's AI-powered automotive quality inspection solution reduces workers' exposure to harmful gases and improves occupational health and safety[70] - The company donated an intelligent COVID-19 prevention solution to local epidemic prevention departments, enhancing the efficiency and safety of nucleic acid testing[71] - The company utilizes AI technology to support green development, such as improving energy efficiency in photovoltaic and wind power scenarios and assisting traditional thermal power plants in flexible transformation[72] - The company actively promotes environmental protection by implementing energy-saving measures, such as using energy-efficient lighting and low-power central air conditioning modes[72] - The company maintains strong relationships with employees, customers, and suppliers, ensuring stable business operations and timely delivery[74] - The company's ESG governance framework includes annual external training for members to improve the efficiency and accuracy of ESG management[69] - The company's AI solutions are applied in community development, including opening its exhibition center to SMEs and students to promote AI knowledge and industry education[71] R&D and Innovation - The company is focusing on long-term capability building and strengthening its underlying technological strengths[2] - InnovationQingdao accumulated 1,064 AI-related patent applications by the end of 2022, with 850 invention patents accounting for 80% of the total, and successfully registered 361 patents[18] - In 2022, the company added 430 new patent applications and was awarded the "National Intellectual Property Advantage Enterprise" by the National Intellectual Property Administration[18] - The MMOC AI technology platform, consisting of ManuVision, MatrixVision, Orion, and Cloud, continued to develop, with MatrixVision enhancing its edge video toolset and ManuVision introducing the Designer core module[19] - Orion launched the AML-Vision training platform specifically for manufacturing visual application scenarios, forming a functional closed-loop with MatrixVision and ManuVision[19] - The company focused on small-sample learning algorithms, proposing a semi-supervised image classification algorithm based on anti-label learning to reduce reliance on labeled data[22] - InnovationQingdao developed a prototype-based classifier learning method to address domain differences between training and testing data in industries like automotive parts and consumer electronics[22] - The company introduced a few-shot learning algorithm with a dual-attention mechanism to improve fine-grained recognition accuracy in industrial visual tasks[22] - AInnoGC solution developed for manufacturing, achieving cost reduction and efficiency improvement through modular design and defect sample generation[23] - Imaging-Diffusion model introduced to enhance image quality by separating environmental interference factors, improving accuracy and stability in visual analysis[23] - Knowledge distillation method applied to compress high-precision generative models, reducing computational load and meeting production line deployment requirements[23] - AIGC technology utilized for interactive report generation, enabling semantic analysis and risk warning mechanisms[23] - AInnoGC solution integrated with MMOC platform, focusing on industrial pre-trained models and reinforcement learning for vertical scenarios[24] Operational Efficiency and Solutions - Smart molten iron transport solution achieved a 10℃ reduction in molten iron temperature through fully automated lid handling system[25] - Glass panel edge quality inspection solution delivered hundreds of units to major domestic panel manufacturers, optimizing defect detection algorithms[25] - Silicon wafer intelligent inspection machine, leveraging MMOC platform, validated and deployed in a leading domestic silicon wafer production company[25] - Full lifecycle intelligent automation solution implemented in automotive equipment production, enabling real-time quality monitoring and traceability[25] - Flexibility peak-shaving and safety monitoring system for thermal power plants developed, enhancing deep peak-shaving operation levels under the power market spot trading system[26] - The company focuses on intelligent computing center solutions in the financial industry, providing operational and management tools to help customers achieve cost reduction and efficiency improvement goals[27] - The company's data center energy efficiency management solution, driven by AI, improves management efficiency and creates green, low-carbon data centers[27] - The company plans to enhance its smart power plant solutions in the energy sector, focusing on standardization, delivery speed, and cost reduction[34] - In the food & beverage and new materials sector, the company aims to extend its MOM solutions and integrate AIGC for warehouse layout optimization and production efficiency[34] - The company continues to invest in AI+ manufacturing training, expanding practical scenarios and improving talent development programs[34] - In the financial sector, the company focuses on providing digital infrastructure and data governance solutions, with ongoing investments in smart marketing, underwriting, and wealth management[34] Financial and Operational Metrics - Total assets increased to RMB 3,268,447 thousand in 2022 from RMB 158,204 thousand in 2018[10] - Cash and cash equivalents stood at RMB 1,642,665 thousand in 2022, up from RMB 74,396 thousand in 2018[10] - The company reported an operating loss of RMB 392,291 thousand in 2022, compared to RMB 69,537 thousand in 2018[9] - Adjusted net loss (unaudited) for 2022 was RMB 138,401 thousand, improving from RMB 45,378 thousand in 2018[9] - Sales and distribution expenses increased by 40.3% from RMB 116.0 million in FY2021 to RMB 162.7 million in FY2022, but decreased as a percentage of revenue from 13.5% to 10.4%[39] - General and administrative expenses decreased by 26.7% from RMB 449.4 million in 2021 to RMB 329.5 million in 2022, primarily due to reductions in share-based payment expenses and listing expenses[40] - R&D expenses increased by 27.0% from RMB 327.7 million in 2021 to RMB 416.3 million in 2022, driven by business expansion and intangible asset amortization from acquisitions[41] - Net impairment loss on financial assets increased to RMB 37.0 million in 2022 from RMB 24.1 million in 2021, mainly due to higher provisions for trade and other receivables[42] - Other income increased to RMB 56.0 million in 2022 from RMB 28.1 million in 2021, primarily due to increased government grants[43] - Operating loss decreased by 37.0% from RMB 622.8 million in 2021 to RMB 392.3 million in 2022, driven by overall revenue and gross profit growth[45] - Financial income increased to RMB 38.7 million in 2022 from RMB 24.0 million in 2021, mainly due to higher bank deposit interest income[46] - Financial costs decreased to RMB 8.1 million in 2022 from RMB 36.1 million in 2021, primarily due to the elimination of financial costs related to redeemable shares[47] - Annual loss decreased by 43.1% from RMB 635.1 million in 2021 to RMB 361.2 million in 2022[48] - Cash and cash equivalents increased to RMB 1,642.7 million as of December 31, 2022, from RMB 1,553.2 million as of December 31, 2021, primarily due to IPO proceeds[51] - The company's total borrowings as of December 31, 2022, were RMB 57.6 million, primarily short-term loans from acquired subsidiaries[64] - The company's cash and cash equivalents are primarily denominated in RMB and HKD, with no significant foreign exchange risk exposure[63] - The company has no significant asset pledges, contingent liabilities, or post-reporting period events as of December 31, 2022[64] Corporate Governance and Leadership - Qingdao AInnovation Technology Group was included in the Hang Seng Composite Index and the Stock Connect program, reflecting recognition of its robust performance and clear strategic direction[2] - The company's board of supervisors held three meetings in 2022, with all members attending except Duan Chengjin, who was appointed on September 27, 2022[115] - The board of supervisors plans to focus on reviewing proposals, attending board and shareholder meetings, and overseeing financial management and risk control in 2023[117] - The company's board of supervisors confirmed that the board of directors and senior management operated in compliance with regulations and fulfilled their duties diligently in 2022[116] - The company's board of supervisors consists of three members, including one employee representative, with terms lasting three years[112] - The Board of Directors consists of seven members, including one executive director, three non-executive directors, and three independent non-executive directors[130] - The Board held eight meetings and two general meetings in 2022, with all directors achieving a 100% attendance rate for Board meetings[133] - The Chairman of the Board is Dr. Kai-Fu Lee, and the CEO is Mr. Xu Hui[135] - Independent non-executive directors play a crucial role in providing independent judgment and expertise in financial accounting and management[135] - Directors are elected for a three-year term and can be re-elected upon expiration of their term[136] - The company has adopted the Corporate Governance Code and maintains high standards of corporate governance to protect shareholder interests and enhance transparency[128] - The company has implemented a standard code for securities transactions by directors, supervisors, and employees, with no reported violations[128] - The Board regularly reviews the contributions of directors and ensures they dedicate sufficient time to their duties[129] - The Board of Directors is responsible for leading and monitoring the company, guiding and supervising its affairs, and ensuring the establishment of a robust internal control and risk management system[138] - All directors have access to comprehensive and timely information about the company and can seek independent professional advice when necessary, with expenses covered by the company[138] - The Audit Committee held four meetings in 2022, reviewing annual and semi-annual performance announcements, financial reports, and audit plans[143] - The Audit Committee met with external auditors three times in 2022 to discuss audit fees and related matters, with no disagreements on the reappointment of external auditors[143] - The Remuneration Committee held four meetings in 2022, reviewing non-executive and executive director compensation, and the 2023 H-share equity incentive plan[145] - The company's remuneration policy aims to attract and retain high-quality employees, offering competitive compensation based on company performance, individual capabilities, and market standards[146] - In 2022, the remuneration range for senior management (excluding equity-based payments) was between RMB 2,000,000 and RMB 6,000,000, with four individuals earning between RMB 2,000,000 and RMB 4,000,000, and one earning between RMB 4,000,000 and RMB 6,000,000[148] - The nomination committee consists of two independent non-executive directors and one non-executive director, including Dr. Kai-Fu Lee, Ms. Yingxin Gao, and Ms. Keyu Jin, with Dr. Kai-Fu Lee serving as the chairman[149] - The nomination committee held two meetings in 2022, reviewing the qualifications of Mr. Wang Jinqiao for non-executive director and Mr. Xiao Lei for CFO[149] - The company has established a board independence evaluation mechanism to ensure strong independent elements within the board, which was updated and approved on March 31, 2023[151] - The board consists of 7 directors with balanced knowledge and skills, and the proportion of female directors has consistently been 28.6% since the first board in May 2021[152] - As of December 31, 2022, the company's workforce was 73.5% male and 26.5% female, with a goal to increase the female employee ratio to 28% within the next 5 years[153] - The company has adopted a board nomination policy to ensure a balanced board in terms of skills, experience, knowledge, and diversity perspectives[154] - The company's risk management and internal control systems are designed to manage, not eliminate, risks related to business objectives, providing reasonable but not absolute assurance against material misstatements or losses[155] - The Board of Directors is responsible for assessing and determining the nature and extent of risks the company is willing to take to achieve its strategic goals, and for establishing and maintaining appropriate and effective risk management and internal control systems[155] - The Audit Committee assists the Board in overseeing the design, implementation, and monitoring of risk management and internal control systems[155] - The company has established a whistleblowing procedure for employees to report concerns confidentially regarding financial reporting, internal controls, or other matters, with no reports received as of December 31, 2022[156] - The company's internal audit focuses on inventory management, expense management, and fixed asset management, providing specific guidance and improvement recommendations[156] - The company aims to control risks within acceptable limits, ensure reliable information

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 QINGDAO AINNOVATION TECHNOLOGY GROUP CO., LTD* 青 島 創 新 奇 智 科 技 集 團 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2121） 截 至2022 年12 月31 日 止 年 度 業 績 公 告 青島創新奇智科技集團股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會「董事會」） 欣然宣佈本集團截至2022年12月31日止財政年度（「報告期間」）的年度業績，連同上一個財政年度 （截至2021年12月31日止財政年度）的比較數字。 ...