DeepGlint(688207)2024-04-26 08:44Financial Performance - The company reported a negative retained earnings balance, resulting in no cash dividends, stock bonuses, or capital reserve transfers for the 2023 fiscal year[5]. - The company has not achieved profitability since its listing, indicating ongoing financial challenges[4]. - In 2023, the company's operating revenue decreased by 25.84% compared to the previous year, primarily due to macroeconomic conditions and delays in customer orders[26]. - The net profit attributable to the parent company turned from profit to loss, with a significant decline in operating revenue and an increase in R&D investment by 39.00%[26]. - The basic earnings per share for 2023 was -0.35 yuan, compared to 0.13 yuan in 2022, indicating a substantial decline[25]. - The net cash flow from operating activities decreased by 120.20% year-on-year, mainly due to reduced cash receipts from sales[26]. - The company reported a net loss of 73,054,234.20 yuan in the fourth quarter of 2023[28]. - The company achieved operating revenue of CNY 26,228.58 million, a decrease of 25.84% compared to the previous year[111]. - The net profit attributable to the parent company was CNY -9,033.32 million, with a net profit excluding non-recurring gains and losses of CNY -9,726.47 million[111]. - The company reported a significant reliance on a single customer, with the first customer exceeding 50% of total sales[125]. Research and Development - The R&D expenditure as a percentage of operating revenue increased by 32.72 percentage points to 70.14% in 2023[25]. - The company’s R&D investment totaled approximately ¥183.96 million, representing a 39% increase from the previous year, with R&D expenses accounting for 70.14% of operating revenue[80][81]. - The number of R&D personnel increased to 316, representing 70.38% of the total workforce, up from 63.59% in the previous year[93]. - The company is focused on talent development and aims to attract skilled professionals through competitive compensation and a positive corporate culture[147]. - The company has established a behavior analysis model technology architecture for smart finance, which is currently being implemented, and is exploring multi-modal technologies based on computer vision[101]. Technology and Innovation - The company has achieved industry-leading status in AI algorithms, winning multiple domestic and international competitions[56]. - The company has developed AI products and solutions for various sectors, including smart finance, urban management, and the metaverse, ensuring continuous technological innovation[57]. - The company has developed the "Deep Eye Brain" AI technology platform, which supports the training of multimodal large models with hundreds of billions of parameters and tens of billions of training data[62][64]. - The company’s algorithms have been accepted at top international conferences, indicating a strong position in the AI research community[65]. - The company is actively embracing the AIGC wave, enhancing its capabilities through the development of large models across various business lines[26]. Governance and Compliance - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[5]. - The governance structure includes a board of directors, supervisory board, and senior management, ensuring clear responsibilities and regulatory compliance[150]. - The company has revised 11 governance documents to enhance its governance framework in line with regulatory requirements[150]. - All proposals at the shareholders' meetings were approved without any rejections, indicating strong governance practices[153]. - The company has not reported any changes in shareholding for the board members during the year[156]. Market and Customer Dynamics - The company is facing risks related to significant revenue decline and potential losses due to macroeconomic conditions and increased R&D investments[104]. - The company is exposed to macroeconomic risks, including potential declines in customer procurement budgets and plans[108]. - The top five customers contributed CNY 24.02 million, accounting for 91.56% of the total annual sales, with the largest customer being Agricultural Bank of China at CNY 21.67 million[124]. - The company is facing risks related to high customer concentration in the smart finance sector, which could lead to significant revenue fluctuations[107]. Environmental and Social Responsibility - The company actively supports ESG initiatives, integrating them into its corporate culture and contributing to social welfare projects[187]. - The company did not invest any funds in environmental protection during the reporting period (amount: 0 million yuan)[188]. - The company is not classified as a key pollutant discharge unit and does not involve environmental pollution in its operations[189]. - The company developed a cross-age kinship comparison algorithm to assist in locating missing children and has contributed to social welfare initiatives[199]. Operational Efficiency - The company has established a large-scale data labeling system that combines automated processing with manual annotation, significantly reducing labeling costs and improving model development efficiency[64]. - The company is focused on enhancing the recognition accuracy of complex scenarios in smart finance through advanced model capabilities[84]. - The company is leveraging AI and edge computing technologies to improve operational efficiency and risk management in various industries[89]. - The company has launched a smart oil station solution, generating 27.4 million in revenue, which supports the digital transformation of traditional gas stations[89].