Core Viewpoint - Innovation Works (创新奇智) has demonstrated significant growth in its financial performance for the first half of 2025, driven by advancements in artificial intelligence technology and strong operational cash flow, indicating a shift from loss to profit potential [1][8]. Financial Performance - The company's revenue for the first half of 2025 reached 699 million RMB, representing a year-on-year increase of 22.3% [1] - Gross profit amounted to 245 million RMB, with a year-on-year growth of 26.7% [1] - Gross margin improved by 1.2 percentage points to 35.0%, marking five consecutive reporting periods of margin growth since 2023 [1] - Net cash flow from operating activities was 8.4 million RMB, showing a substantial improvement of 67.6% year-on-year [1] - Adjusted net loss significantly narrowed to 6.68 million RMB, a reduction of 82.1% year-on-year, with the adjusted loss rate at 0.96% [1] Strategic Focus - The company is implementing a "one model, one body, two wings" strategy, emphasizing R&D investment and product innovation, with R&D spending increasing by 11.2% year-on-year [2] - The AInnoGC industrial model has been upgraded to enhance reasoning capabilities and understanding of industrial knowledge, supporting various intelligent application solutions [2] Product Development - ChatRobot, the core product for industrial embodied intelligence, focuses on key technological breakthroughs in multi-modal perception and cloud-edge collaborative control [3] - ChatCAD, an innovative industrial software product, has progressed from experimental to application stages, collaborating with Bentley on generative design products [3] Business Segments - The company is advancing the commercialization of large model products across five key business areas: industrial software, smart software, industrial logistics, intelligent equipment, and industrial sustainability [4] - In industrial software, the integration of large models and intelligent agents is enhancing traditional software across various operational stages [4] - In the financial sector, the company is applying AI large models and data solutions to address data governance and standardization issues [4] Industry Collaboration - Innovation Works is expanding its "AI + manufacturing" ecosystem by partnering with industry leaders, including Bentley for industrial software and KUKA for robotics applications [7] - Collaborations with Alibaba DingTalk and other tech firms aim to explore solutions in financial services and asset digitization [7] Future Outlook - The CEO of Innovation Works indicated that the company is entering a new phase of growth after strategic adjustments in 2024, with a focus on enhancing technology, product, and commercialization capabilities while maintaining financial stability [8]

Performance Overview - The company reported operating revenue of 699 million RMB, representing a year-on-year growth of 22.3% [4] - The "AI + Manufacturing" business generated revenue of 556 million RMB, with a year-on-year increase of 27% [4] - Gross profit reached 245 million RMB, showing a year-on-year growth of 26.7% [4] - Gross margin improved by 1.2 percentage points to 35.0% [4] Financial Metrics - Adjusted net loss was 668 thousand RMB, a reduction in loss by 82.1% year-on-year [5] - Net cash used in operating activities improved by 67.6% to 840 thousand RMB [5] Market Position - The company holds the third position in the Chinese computer vision market according to IDC [5] - It also ranks third in the Chinese machine learning platform market and in the Chinese large model application market [5] Research and Development - R&D investment increased by 11.2% to 165 million RMB [8] - The company filed 1,394 patent applications, including 1,145 invention patents [9] Strategic Initiatives - The company is advancing its "dual-wing" strategy, focusing on industrial robots and industrial software [7][11] - It is integrating AI models and agents with industrial software to empower clients across the entire production chain [18] Product Development - The AI Agent platform features a large model with 750 billion parameters, enhancing reasoning capabilities and industrial knowledge understanding [16] - The development cycle for products has been shortened by 60%, covering multiple scenarios such as equipment maintenance and process optimization [17] Collaborations and Ecosystem Expansion - The company is collaborating with Bentley to launch the industry's first generative AI design product [25] - It is also working with KUKA to innovate in the integration of AI models with industrial robots [26] Future Outlook - The CEO indicated that after a strategic adjustment in 2024, the company is entering a new phase of growth in 2025, focusing on improving technology, products, and commercialization capabilities [27]

Core Viewpoint - The company, Innovation Qizhi, reported strong financial performance for the first half of 2025, showcasing significant growth in revenue, gross profit, and improvements in cash flow and loss reduction, driven by advancements in artificial intelligence technology and industry applications [1][8]. Financial Performance - The company's revenue for the first half of 2025 reached 699 million RMB, representing a year-on-year growth of 22.3% [1] - Gross profit amounted to 245 million RMB, with a year-on-year increase of 26.7% [1] - Gross margin improved by 1.2 percentage points to 35.0%, marking five consecutive reporting periods of margin growth since 2023 [1] - Net cash flow from operating activities was 8.4 million RMB, showing a significant improvement of 67.6% year-on-year [1] - Adjusted net loss narrowed significantly to 6.68 million RMB, a reduction of 82.1% year-on-year, with the adjusted loss rate at 0.96% [1] Strategic Focus - The company is implementing a "one model, one body, two wings" strategy, focusing on the AInnoGC industrial model as a foundation, AI agents as the engine, and industrial robots and software as application wings [2] - R&D investment increased by 11.2% year-on-year, with approximately 1,400 patents filed, over 80% of which are invention patents [2] Product Development - The AInnoGC industrial model was upgraded to enhance reasoning capabilities and understanding of industrial knowledge, providing robust technical support for various intelligent application solutions [2] - The ChatRobot product focuses on creating a versatile industrial intelligent robot platform, advancing key technologies such as multi-modal perception and cloud-edge collaborative control [3] - ChatCAD, a new product in the industrial software sector, aims to automate and intelligently generate designs, collaborating with Bentley on generative design products [3] Business Segments - The company is advancing the commercialization of large model products across five key business areas: industrial software, smart software, industrial logistics, intelligent equipment, and industrial sustainability [4] - In industrial software, the integration of large models and AI agents is enhancing traditional software across various operational stages [4] - In the financial sector, the company is applying AI large models and data solutions to address data governance and standardization issues [4] Industry Collaboration - The company is expanding its "AI + manufacturing" ecosystem by partnering with industry leaders, including Bentley for industrial software and KUKA for robotics applications [7] - Collaborations with Alibaba DingTalk and other firms aim to explore solutions in financial services and asset digitization [7] Future Outlook - The CEO indicated that after a strategic adjustment in 2024, the company is entering a new phase of growth in 2025, with significant improvements across various financial metrics and a commitment to sustainable development and value creation for stakeholders [8]

Financial Performance - The company reported a revenue of approximately 699 million, representing a year-on-year increase of 22.26% [1] - Gross profit was approximately 245 million, with a year-on-year growth of 26.55% [1] - The loss for the period was 60.51 million, narrowing by 67.21% year-on-year [1] - Adjusted net loss was 6.68 million, a reduction of 82.14% compared to the previous year [1] - Overall gross margin improved to 35.0%, an increase of 1.2% year-on-year, attributed to higher delivery efficiency and effective cost management [1] Research and Development - The company emphasizes R&D investment and technological innovation, with a total of 1,394 patent applications filed, including 1,145 invention patents [2] - The "Qizhi Kongming AInnoGC Industrial Model" has been registered with the National Internet Information Office, becoming one of the first large models in Qingdao to receive such registration [2] - The company collaborated with the China Academy of Information and Communications Technology to publish a report analyzing the application of AI in the manufacturing sector, highlighting key innovation directions and showcasing typical case studies [2] Strategic Partnerships - The company adopts a "technology products + industry scenarios" dual-driven model, linking upstream and downstream partners to build an industrial ecosystem [3] - Strategic cooperation has been established with Bentley, a renowned global infrastructure engineering software company, to jointly develop next-generation intelligent infrastructure engineering software products [3] - Partnerships with leading companies such as KUKA Robotics and Qianlang Intelligent have been formed to promote the application of embodied intelligence in industrial settings [3] - The company is exploring multi-dimensional cooperation in the financial sector with partners like DingTalk and Henry Jia, focusing on digital asset solutions and blockchain applications [3]

Core Viewpoint - The company, Innovation Qizhi, reported strong growth in its business for the first half of 2025, driven by advancements in artificial intelligence technology and its applications, leading to improved financial metrics and a significant reduction in losses [1][10]. Financial Performance - The company's revenue for the first half of 2025 reached 699 million yuan, representing a year-on-year increase of 22.3% [3] - Gross profit amounted to 245 million yuan, with a year-on-year growth of 26.7% [3] - Gross margin improved by 1.2 percentage points to 35.0%, marking five consecutive reporting periods of margin increases since 2023 [3] - Net cash used in operating activities was 8.4 million yuan, showing a substantial improvement of 67.6% year-on-year [3] - Adjusted net loss narrowed significantly to 6.68 million yuan, a reduction of 82.1% year-on-year, with an adjusted loss rate of 0.96% [3] Strategic Focus - The company is implementing a "one model, one body, two wings" strategy, emphasizing R&D investment and product innovation [4] - R&D expenditure increased by 11.2% year-on-year, with approximately 1,400 patent applications filed, over 80% of which are invention patents [4] - The upgraded AInnoGC industrial model enhances reasoning capabilities and supports various intelligent application solutions [4] Product Development - ChatRobot, the core product, aims to create a versatile industrial intelligent robot platform, focusing on key technologies such as multi-modal perception and cloud-edge collaborative control [5] - ChatCAD, a new industrial software product, has progressed from experimentation to application, collaborating with Bentley on generative design capabilities [5] Business Segments - The company is advancing the commercialization of large model products across five key business areas: industrial software, smart software, industrial logistics, intelligent equipment, and industrial sustainability [6] - In industrial software, the integration of large models and intelligent agents is enhancing traditional software functionalities [6] - The company is also focusing on financial services through data governance and solutions for trust clients and futures companies [7] Industry Collaboration - Innovation Qizhi is expanding its "AI + manufacturing" ecosystem by partnering with industry leaders, including Bentley for software development and KUKA for robotics applications [9] - Collaborations with Alibaba DingTalk and other firms aim to explore solutions in finance and asset digitization [9]

Financial Performance - The company reported a revenue of approximately 699 million, representing a year-on-year increase of 22.26% [1] - Gross profit was approximately 245 million, with a year-on-year growth of 26.55% [1] - The loss for the period was 60.51 million, narrowing by 67.21% compared to the previous year [1] - Adjusted net loss was 6.68 million, a reduction of 82.14% year-on-year [1] - Overall gross margin improved to 35.0%, an increase of 1.2% year-on-year, attributed to higher delivery efficiency and effective cost management [1] Research and Development - The company emphasizes R&D investment and technological innovation, with a total of 1,394 patent applications, including 1,145 invention patents [2] - The "Qizhi Kongming AInnoGC Industrial Model" has been registered with the National Cyberspace Administration, becoming one of the first large models in Qingdao to receive such registration [2] - The company collaborated with the China Academy of Information and Communications Technology to publish a report analyzing the application of AI in manufacturing, highlighting key innovation directions [2] Strategic Partnerships - The company adopts a "technology products + industry scenarios" dual-drive model, linking upstream and downstream partners to build an industrial ecosystem [3] - Strategic cooperation has been established with Bentley, a renowned global infrastructure engineering software company, to jointly develop next-generation intelligent infrastructure engineering software products [3] - Partnerships with leading companies such as KUKA Robotics and Qianlang Intelligent focus on advancing embodied intelligence applications in industrial settings [3] - Collaborations with DingTalk and Henry Jia explore solutions for the financial industry, including asset digitization and blockchain applications [3]

Core Insights - The company, Innovate Intelligence (02121.HK), reported a significant recovery in its mid-term performance for 2025, driven by a stable macroeconomic environment and the advancement of national AI policies [1] - The company's revenue for the first half of 2025 reached RMB 699 million, representing a year-on-year growth of 22.3%, primarily due to the expansion of its manufacturing business [1] - The gross profit margin improved by 1.2 percentage points to 35.0%, indicating enhanced profitability [1] - The net cash flow from operating activities was RMB 8.4 million, and the adjusted net loss significantly narrowed to RMB 6.7 million [1] Patent and Industry Insights - As of June 30, 2025, the company has filed a total of 1,394 patents, including 1,145 invention patents, and has secured 630 patents, with 407 being invention patents [2] - The "Qizhi Kongming AInnoGC Industrial Model" has been registered with the National Internet Information Office, making it one of the first large models to be registered in Qingdao [2] - The model was also selected for the Shandong Province 2025 industrial sector's "Challenge and Conquer" project, highlighting its significance in the industry [2] - The company collaborated with the China Academy of Information and Communications Technology to publish a report analyzing the application of AI in the manufacturing sector, showcasing the technology's role in various processes such as R&D, production, operations, and product services [2]

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。 AINNOVATION TECHNOLOGY GROUP CO., LTD* 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 2025 年 6 月 30 日止六個月中期業績公告 及 進一步變更所得款項用途和使用期限 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2025年6月30日止六個月（「報告期」）的未經審核綜合中期業績連同2024年同期的 比較數字。 | 財務概要 | | | | --- | --- | --- | | | 截至6月30日止六個月 | | | | 2025年 | 2024年 | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 收入 | 698,981 | 571,704 | | 毛利 | 244,728 | 193,225 ...

Group 1 - The core viewpoint of the news is that Innovusion has demonstrated strong capabilities in the AI commercialization sector, ranking among the top three in both the computer vision application market and the machine learning platform market for three consecutive years [1][3]. - According to IDC, the market size for China's computer vision applications reached 12.34 billion RMB in 2024, reflecting a growth of 21.2% compared to 2023. The machine learning platform market size was 3.45 billion RMB, with a growth of 22.7% [3]. - Innovusion has developed its own MMOC AI technology platform (AI 1.0 analytical AI) and AInnoGC industrial large model technology platform (AI 2.0 generative AI), providing comprehensive AI capabilities covering both AI 1.0 and AI 2.0 for clients [5]. Group 2 - The integration of small and large models represents a new direction for computer vision applications, enhancing product functionality and adaptability to complex scenarios and diverse needs [6]. - Innovusion has expanded its influence in the computer vision market through ecosystem partnerships, such as the collaboration with Advantech to launch a multimodal large model AI integrated machine, which combines visual recognition and deep semantic understanding for intelligent video analysis [7]. - The MMOC platform, developed during the AI 1.0 era, consists of various intelligent platforms and continues to play an active role in solution delivery and application scenarios [8].

Group 1: Computer Vision Market - The computer vision application market in China is projected to reach 12.34 billion RMB in 2024, reflecting a growth rate of 21.2% compared to 2023 [1] - The top five companies in the market include SenseTime, Hikvision, Innovusion, Dahua Technology, and China Telecom AI [1] - The highest year-on-year growth is expected from China Telecom AI, followed by Hikvision, with applications spanning smart security, urban emergency response, and OCR [1] Group 2: Voice and Semantic AI Market - The voice and semantic AI market in China is expected to reach 14.93 billion RMB in 2024, showing a growth of 30.4% from 2023 [3] - Key players in this market include iFlytek, Baidu Smart Cloud, Alibaba Cloud, and Tencent Cloud [3] Group 3: Machine Learning Platform Market - The machine learning platform market in China is anticipated to grow to 3.45 billion RMB in 2024, marking a 22.7% increase from 2023 [5] - The leading companies in this sector are Fourth Paradigm, Huawei Cloud, Innovusion, JiuZhang Cloud, and StarRing Technology [5] Group 4: Recommendations for Technology Providers - Companies are advised to build core competitive advantages in the era of AI, focusing on developing software based on AI agents across various business domains [7] - Emphasis on AI governance is crucial due to the increasing role of AI systems in high-risk decisions, necessitating transparency and accountability [7] - There is a shift towards AI-driven business value, with companies prioritizing measurable ROI and faster time-to-market for AI projects [7] - The AI software market is transitioning from small models to generative AI applications based on large models, which could significantly alter the technology market ecosystem [7]