The second shock to science and technology innovation board.
After the last IPO, Vivid Language Association once again launched an impact on the science and technology innovation board.
It is understood that Vivid Language Association is an artificial intelligence language service provider. Based on the self-developed language networking platform, various forms of artificial intelligence language services, including translation, interpretation, film and television cultural translation, translation technologies and solutions, are provided to users around the world through three modes: large-scale user solutions, open API access platform and language services for small and medium-sized enterprises and individuals.
According to the income structure of the main business, translation has contributed nearly half of the income to the association of expressive language. From 20 18 to 2020, the translation income was about189 million yuan,177 million yuan and 65438+200 million yuan, accounting for 53.2%, 46.96% and 43.16 of the company's main business income respectively. Film and television cultural translation, translation technology and solutions contribute about 20% of revenue respectively; In 2020, the income contributed by interpretation plummeted. From 20 18 to 2020, the income generated by interpretation was about 88.7915,000 yuan, 75.9409 million yuan and 36.6792 million yuan respectively, accounting for 25.02% and 20 18% of the company's main business income.
It should be pointed out that the company's initial public offering was frustrated. The company applied for IPO on October 20 19, intending to attack the science and technology innovation board, but the order was withdrawn on September 20 1 1 day. Nowadays, with the re-IPO of the Expression Language Association, the ranks of AI companies competing for listing are also expanding.
According to today's beijing business today reporter, there are many companies such as Congyun Technology, Yi Tu Technology, Tian Yun Li Fei and Defiance Technology. On the runway where AI companies are competing to go public. Among them, the IPOs of Tian Yun Li Fei and Defiance Technology are advancing normally, while the IPOs of Congyun Technology and Yi Tu Technology are suspended. The reason for suspending IPO from Cloud Technology is to update the financial report, while Yi Tu Technology is due to other matters.
Yue Xianfang, an associate professor at University of Science and Technology Beijing, said in an interview with beijing business today Today that artificial intelligence is a typical capital-intensive and technology-intensive industry with fast technology iteration, large R&D investment, long cycle and high difficulty. "Capital has always been a catalyst for this industry. When the industry technology is mature, capital will drive the rapid penetration of industry technology through investment, and the AI industry is no exception. At present, some technologies in the AI field are in maturity, and capital will choose to drive the industry through investment. Technology development, innovation and business model replication. " Yue Xianfang said.
Yu Baicheng, president of Zero One Research Institute, also said that the competition in the field of artificial intelligence has expanded from primary market financing to secondary market, and the head effect will be more obvious through capital blessing.
In 2020, the loss was 4 1.9 1.29 million yuan.
At the key node of the IPO, the net profit of Chuanshen Language Association in 2020 showed a loss, which was the first loss of the company since 20 15.
According to financial data, from 20 18 to 2020, the operating income of Vivid Language Association is about 355 million yuan, 376 million yuan and 279 million yuan respectively. The corresponding attributable net profit is about 25.7659 million yuan, 25.385 million yuan and-41912,900 yuan respectively; The corresponding net profit after deduction is about 15262300 yuan, 20 145 10000 yuan and -53 143600 yuan respectively.
Wind data shows that from 20 15 to 20 17, the net profit attributable to Vivid Language Association was about 24,730,400 yuan, 21kloc-0/5060 yuan and 29,083,600 yuan respectively, which also means that the loss of Vivid Language Association in 2020 is the first time in the past six years.
For the reason of the company's net profit loss in 2020, the Association of Vivid Language also gave an explanation. According to Chuanshen Yulian, the company's main business locations are Wuhan and Beijing, which are most affected by the epidemic, and the time for returning to work is later than other provinces and cities in China. Wuhan, where the company's headquarters is located, began to resume work in April, and its operation basically returned to normal in June. As a result, the operating income in the first half of the year decreased by 432,375,438+0,000 yuan year-on-year, with a decrease rate of 296.5438+03%. In addition, with the widespread spread of the COVID-19 epidemic abroad, the revenue and gross profit of the company's interpretation business decreased by 392,665,438+07,000 yuan and 2865,438+064,000 yuan respectively, by 565,438+0.7% and 65,438+0.04.92% respectively.
In addition, the company said that in 2020, the company continued to maintain high-intensity R&D investment, and the R&D expenditure in that year was 565,438+065,438+0899,600 yuan, which was only 65,438+00.6% lower than the previous year, far lower than the income decline; In 2020, the repayment progress of corporate customers was less than expected, resulting in a substantial increase in bad debt provision for accounts receivable, resulting in a credit impairment loss of 6,543,800 yuan+09,623,000 yuan.
According to the data, from 20 18 to 2020, the accumulated R&D investment of Vivid Language Association totaled1580,000 yuan, accounting for 15.66% of the accumulated operating income in the last three years.
The amount of funds raised increased by 654.38+0.5 billion yuan.
Beijing business today reporter statistics today found that compared with the last IPO, the amount of funds raised by Vivid Language Association increased by 65.438+0.5 billion yuan.
According to the prospectus, the IPO of the science and technology innovation board, the expressive language association plans to raise 5130,000 yuan, which will be invested in the construction project of man-machine translation capability delivery matrix of language networking, the construction project of multilingual audio-video automatic output platform, the construction project of headquarters R&D center and the supplementary liquidity project. It is planned to invest 1.56 million yuan, 88.0584 million yuan and 1.2 yuan respectively.
The reporter compared the previous IPO prospectus of Sichuan-Shenzhen Language Association, when the company planned to raise 363 million yuan. There is little difference between the two IPOs, and the previous IPO did not replenish liquidity.
For this new supplementary liquidity raising project, Vivid Language Association gave three reasons, saying that the expansion of business scale needs a lot of liquidity support; In addition, in order to ensure the competitive advantage of the company's core technologies, accelerate the iterative upgrading of key technologies and advanced algorithms, and realize the good growth of its main business, the company needs to maintain high-intensity R&D investment and continuously attract high-end talents, and need to ensure sufficient liquidity to meet the funding needs of future technology research and development; In addition, from 2018 to the end of 2020, the book balance of the company's accounts receivable was 306 million yuan, 350 million yuan and 330 million yuan respectively. A large number of accounts receivable put a certain pressure on the daily working capital demand of the company, resulting in a great demand for working capital.
In response to related questions, a reporter from beijing business today called for an interview today, but no one answered the phone.