“AIGC第一股”出门问问四年累计亏掉24.7亿！股价跌超80%，AIGC 故事不好讲了

Group 1 - The core product TicNote, developed by the company, is struggling to meet market expectations despite being showcased at the WAIC, with ongoing financial losses [1] - The pricing strategy for TicNote has been controversial, with its base model priced at 999 yuan and the selected version at 1499 yuan, which is higher than competitors like Plaud Note [2] - The company reported a revenue of 390 million yuan in 2024, showing only a 6% year-on-year growth, while net losses reached 720 million yuan, marking the worst financial performance in four years [3] Group 2 - The company's market capitalization has decreased by over 80%, with its stock price falling to less than 1 billion HKD, only 15% of its initial public offering price [4] - The company has not established a competitive edge in the AI sector, lacking the technological barriers seen in competitors like iFlytek and the ecosystem advantages of Xiaomi [4] - The company faces challenges in finding differentiated selling points in its AIGC subscription services and breaking through the limitations of its hardware ODM model [4]