Tide business review/article
Ada wants the bank to do some business, and after a long wait, it's finally her turn. She stood in front of the bank's business machine and began to click on the gorgeous screen with the guidance of the business staff.
With the click, Ada couldn't help but feel a pang:
Out of courtesy, Ada turned the spit into a heartfelt voice, but Yuncong Technology, which specializes in AI financial business, can't be deaf selectively. This AI technology company founded in 215 recently passed the trial in science and technology innovation board and became the first AI company, but under the glory, Yuncong Technology's "internal troubles and external troubles" did not seem to disappear with the listing.
map/cloud from science and technology official micro
Maybe the way for cloud from science and technology is the way for the whole industry.
On the AI track where the temperature is losing, Yuncong and its friends want to make their own moves to see who can cross the AI river by touching the stones first.
it is only a little over ten years since the barbaric growth period in 21 to the standardized development stage today in China's AI data service industry. During this period, numerous entrepreneurial companies emerged in the industry that attracted the attention of capital, among which the AI Four Little Dragons were the most dazzling: Shang Tang, Kuangshi, Yitu and Yuncong started in turn on this burgeoning track, which was very lively. It is an indisputable fact that the cloud starts from technology at the latest.
The founder of Yuncong Technology is Zhou Xi, who was fortunate to be under Professor Thomas Huang, the father of American computer vision, during his student days. Zhou Xi has been engaged in technical work in the field of AI for many years and has been at the forefront of industry research. However, unlike the conventional thinking of technical experts, he himself has a lot of thinking and practice on the commercial landing of AI.
Figure/PEX ELS
In 215, Zhou Xi was introduced to China as an expert of the "Hundred Talents Program" of China Academy of Sciences, and the largest face recognition research team of Chinese Academy of Sciences was established. The members of this team, when Yuncong Technology was established in 215, mostly became early employees. It is precisely because of the official background and origin of Yuncong Technology that this company has become a high-profile "national team" since its establishment.
of course, the identity of the "national team" also makes it a lot of convenience in the initial stage of operation, especially in financing. It is understood that in the process of nearly 4 billion yuan financing in five rounds of Yuncong Technology so far, most investors have the background of state-owned assets, such as China Guoxin, Guangzhou Industrial Investment Fund, Guangdong Yueke Financial Group, Shanghai Liansheng Capital, Bohai Industrial Investment Fund and other local government funds and state-owned capital, all of which are "distinguished guests" in the circle of financing friends of founder Zhou Xi.
however, the records also show that the latest financing time of Yuncong Technology stayed in May 22, while the last round of financing of Etu Technology stayed in June 22, that of Shangtang Technology stayed in September 218, and that of ignoring technology financing stayed in May 219.
it is an indisputable fact that financing has been slow. It is also during this period that after several years of development and re-cognition, the endless business dilemma of burning money and the helplessness of slow business landing have become two difficult problems in front of the industry.
for the above reasons, in the cold environment of AI, the four little dragons need to find the capital source power for business development again.
From this point of view, Yunyun can choose a more active way of listing and financing, keep the company's capital fundamentals benign, and even if the industry situation changes from "Britney Spears" to "Mrs. Niu", it can operate more safely and independently.
but is listing really a "rest" node?
at present, it is everyone's * * * knowledge that the AI industry collectively enters the cooling-off period.
According to media reports, Yitu Technology, which is the core competitiveness of AI's four little dragons and provides artificial intelligence solutions, was exposed in the first half of this year with news events of salary reduction and massive layoffs, and the total number of employees has been reduced to about 5. Relevant insiders also revealed that as a medical business department with high hopes from Eto Technology, only about 3% of the staff are retained.
As a peer, Yuncong Technology is not "immune" at this sensitive stage. According to the certified employees of Yuncong Technology, the company was laid off by 3% in the first half of the year, and this is another layoff after the last layoff of 3%. In April, Yuncong Technology also made a 2% layoff, and even reduced the salary of all employees by 2%.
Figure /pexels
Both industries and individuals are in pain after the highlight, and at the same time, it is the self-help that follows.
according to the prospectus of Yuncong Technology, the revenue from 218 to 22 was 484 million yuan, 87 million yuan and 755 million yuan respectively; The net losses were 2 million yuan, 1.763 billion yuan and 72 million yuan respectively. The revenue in the past three years was 2.46 billion yuan, but the loss was close to 2.7 billion yuan.
Under the pressure of huge losses, it is indeed a symptomatic measure to stop bleeding and hematopoiesis to choose layoffs and go public. However, it is not wise to do things that hurt employees' feelings and self-destruct their reputation again and again under the aura of the national team.
On the other hand, according to the prospectus, Yuncong Technology believes that it may be unable to make profits in the short term, and there is a risk that the uncompensated losses will continue to expand.
interestingly, Yuncong Technology still paid a large amount of equity incentive fee in 219, which was recognized as a share-based payment fee of 1.33 billion yuan and included in the management fee, which became one of the main reasons for the loss in that year.
This kind of "pleasing and hurting" management mode is contradictory in cloud technology, which also surprises capital and investors.
of course, all the decisions made by the company come from its own situation and conditions, and cloud technology may have its own operational logic. However, as a company with considerable influence in the industry, maintaining a good public image is also one of its important operating objectives.
Besides image, Yun Cong's "internal strength" also needs to be cultivated.
the cloud has gone from the aura of the national team above the head of science and technology to today, and the "journey" of commercialization exploration is still difficult to say smoothly. Although its financial report shows that from 218 to 22, the company's revenue was 484 million yuan, 87 million yuan and 755 million yuan respectively, except for the influence of the epidemic black swan, the trend of increasing revenue year by year is more obvious.
However, compared with the financial data with net losses of 2 million yuan, 1.763 billion yuan and 72 million yuan respectively, Yuncong Technology is still in the stage of serious "blood transfusion".
under this financial background, debt reduction has been running through the company's business activities. The asset-liability ratio will be 49.3% in 218, 2.63% in 219 and 18.12% in 22.
Figure /pexels
Financial data is the weather vane of the company's business fulfillment. Yuncong technology has been deeply involved in AI racetrack, and the sub-sectors involved are still focused on public undertakings. Smart finance, smart governance, smart transportation and smart commerce have become the four business sectors of Yuncong technology. Relying on the background of "national team", local governments, public security, banks and other functional institutions and departments are all stable customers of Yuncong technology.
however, judging from the landing scenes of AI in recent years, except in the fields of finance and security, it is hard to say that other business practices of cloud technology are successful. Limited technology and limited scenes abound, and it is difficult to make a breakthrough in the short term.
in addition, the industry span is large, and the lack of industry solution experience and deep integration process has become an obstacle to the current commercial landing of cloud technology. At one time, Yuncong invested huge resources for a bank customer to carry out the verification test of application landing. It was not until the seventh test that it was discovered that the other party had consistent qualification requirements for the partner. However, Yuncong Technology could not meet the requirements because it was established soon, so it had to quit with regret.
most importantly, under the condition that the policy dividend is "advanced" in advance, cloud technology needs to be tested by the market.
It is reported that in 22, the scale of global artificial intelligence industry will be about US$ 156.5 billion, an increase of 12%; Among them, the scale of artificial intelligence industry in China is about 31 billion yuan, up 15% year-on-year. It is estimated that the scale of domestic AI core industries is expected to reach 157.3 billion yuan in 222, with a compound growth rate of 58%.
relying on the policy guidance, what Yuncong Technology lacks at present is not the "sought after" in the market, but the fist products that can make a brand. The business homogeneity of AI Four Little Dragons is serious. Who can win the recognition of customers and gain a firm foothold?
From this point of view, the cloud that has gone through rough listing is far from the moment of "tasting" joy from technology, and the next thing it may face is a comprehensive and harsh examination by the market after losing its policy protection.
it's hard to "talk" about success in cloud technology.