Kunlun(SZ:300418)2023-10-31 10:07Financial Performance - The company achieved a revenue of 3.68 billion yuan, representing an 8% year-on-year growth [1] - Operating cash flow reached 760 million yuan, with a year-on-year increase of 33% [1] - Overseas business revenue accounted for 84% of total revenue, maintaining a high gross margin of 80% [1] Research and Development - R&D expenses increased to 620 million yuan, reflecting a 28% year-on-year growth [1] - The company has procured approximately 6,000 chips, with an additional 3,000 chips pending delivery [1][5] AI Model Development - The "Tiangong" AI model achieved an 80% accuracy rate in the Benchmark GSM8K test, outperforming GPT-3.5 (57.1%) and LLaMA2-70B (56.8%) [2][4] - The model was recognized as a top performer in multiple assessments, including being ranked first in multimodal evaluations [2][4] Product Innovations - The "Tiangong" APP was upgraded to integrate AI search, reading, and creative writing functionalities, enhancing user experience across various scenarios [3] - The first AI game, "Club Koala," was launched, featuring a user-friendly game editor for non-programmers [5] Strategic Partnerships and Future Plans - The company invested in AI chip firm Beijing Aijiekexin Technology to develop a programmable, high-performance NPU product [2][7] - Plans to establish global research centers in Singapore, London, and Silicon Valley to focus on cutting-edge technologies [2] Market Positioning - The company aims to focus on core AI business areas, including AI large models, AI search, AI gaming, and AI social applications, while divesting from non-core sectors [3][5]