Zheng Quan Zhi Xing·2025-05-14 10:26Core Viewpoint - The report outlines the continuous supervision and compliance status of CloudWalk Technology Group Co., Ltd. by CITIC Jianou Securities, highlighting the company's financial performance, governance, and ongoing risks in the artificial intelligence sector [1][7][11]. Continuous Supervision Work - CITIC Jianou Securities has established a comprehensive supervision system and executed a work plan for ongoing oversight of CloudWalk Technology [1][2]. - The company has signed a continuous supervision agreement with CloudWalk, clarifying the rights and obligations of both parties during the supervision period [1][2]. - Regular communication, site inspections, and due diligence have been conducted to monitor CloudWalk's operations and compliance with regulations [1][3]. Financial Performance - As of 2024, CloudWalk reported a revenue of approximately 397.68 million yuan, a decrease of 36.69% compared to 2023 [12]. - The net loss attributable to shareholders was approximately 695.69 million yuan, compared to a loss of 643.46 million yuan in the previous year [12]. - The company's cash flow from operating activities showed a negative net amount of approximately 307.05 million yuan [13]. Risk Factors - The company faces risks related to not achieving profitability by the end of 2024, primarily due to increased competition and high R&D costs [7][8]. - Core competitiveness risks arise from the rapid evolution of technology in the AI sector, which may hinder the company's ability to keep pace with market demands [8]. - Operational risks are associated with the complexity of managing multiple R&D centers across different regions [8]. Governance and Compliance - CloudWalk has established effective corporate governance practices, including rules for shareholder meetings and board operations [3][4]. - The company has adhered to legal and regulatory requirements, with no significant violations reported during the supervision period [11][4]. - Continuous monitoring of information disclosure practices has ensured compliance with relevant regulations [4][5]. Research and Development - CloudWalk has a strong focus on R&D, with a team that has achieved significant advancements in AI technologies, including image recognition and natural language processing [14][15]. - The company has established multiple R&D centers and joint laboratories to enhance its technological capabilities [15][16]. - As of 2024, CloudWalk holds 393 patents, including 242 invention patents, reflecting its commitment to innovation [14][21]. Market Position and Brand Strength - CloudWalk is recognized as a leading player in the AI industry, having received multiple awards and accolades for its contributions to technology and innovation [19][20]. - The company has developed a robust ecosystem that integrates various AI technologies, enhancing its competitive edge in the market [20][21]. - CloudWalk's strategic focus on domestic market development and technological innovation positions it well for future growth [19][20].