easyplaytoearncryptogames| Tors '1.845 billion yuan fixed increase approved and additional code orders for large models on hand exceed 500 million yuan

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Source: Changjiang Business Daily

Zhang Lu, a reporter from Changjiang Business Daily.

Another listed company plans to invest in the research and development of large models.

May 19th, Towers (300229Easyplaytoearncryptogames.SZ) issued an announcement that the company's additional items were approved and approved by the China Securities Regulatory Commission. It is reported that the company intends to issue shares to specific targets to raise no more than 18% of the total funds.Easyplaytoearncryptogames4.5 billion yuan (including capital) for the research and development of large model of Tuotian industry and the industrialization project of AIGC application.

According to the data, Towers was founded in February 1993 and is a Chinese full-text retrieval technology.EasyplaytoearncryptogamesThe founders of artificial intelligence, big data and data security products and services providers.

From the performance point of view, due to the reduction in customer investment in the industry and the increase in fees during the period, Tolls' revenue and net profit fell in 2023, resulting in short-term pressure on the performance.

It is worth mentioning that since the release of the Tuotian industry model at the end of June 2023, Towers has gradually explored the landing of application scenarios. As of the end of 2023, the amount of Tolls orders on hand is 543 million yuan.

Research and development of large model of fixed increase approved and added code

A few days ago, Tuoer issued a "notice on obtaining the approval of the China Securities Regulatory Commission for the registration of an application for issuing shares to a specific target." According to the fixed increase plan, the company plans to issue no more than 239 million shares and raise a total of no more than 1.845 billion yuan, which will be used for the research and development of large models in the Tuotian industry and the industrialization of AIGC applications.

Specifically, of the 1.845 billion yuan raised by the company, 841 million yuan will be used for the purchase of software and hardware, 510 million yuan will be used for the salary of R & D personnel, 257 million yuan will be used for rental fees, and 198 million yuan will be used for the purchase of data resources. it accounts for 45.57%, 27.66%, 13.95% and 10.73% of the total fund-raising, respectively, and the remaining 38.44 million yuan is liquidity.

The construction period of this project is 3 years. According to the announcement, according to estimates, the after-tax static investment payback period of the project is 5.96 years (including the construction period of 3 years), and the internal rate of return on after-tax investment is 13.68%.

A reporter from the Yangtze River Business Daily noted that in June 2023, Tuoer released the "Tuan Tian Da Model" and took the lead in launching a large industry model for the media, finance, and government. In the second half of last year, the company also launched large models of online public opinion, public security, intellectual property, law, audit and other industries. According to the annual report, its products and services have been widely used by more than 8000 domestic enterprise users, including Ping an Group, People's Daily, Southern Power Grid and other industry leaders.

This fixed increase fund-raising project is mainly aimed at the fields of government affairs, media and finance, etc., to build a large model of expanding industry on the basis of the general model, and to realize the industrial application of generative AI (AIGC). Towers said that the results of this fund-raising project can be used with the company's original products, which is an effective coordination and supplement to the company's original business.

In the field of commercialization of large models, the generally accepted way in the industry is "AIagent" mode. In this fundraising project, Tourth will mainly adopt this model. That is, the product of this fund-raising project will be used together with the company's existing products, which will not only enhance the intelligence and applicable scenarios of the company's existing products, but also ensure the accuracy and controllability of the content generated by the large model.

Performance short-term pressure on-hand order growth

According to the data, Tuoer was founded in 1993 and listed on the gem of Shenzhen Stock Exchange in 2011. The company is a product and service provider of artificial intelligence, big data and data security, focusing on five sectors: digital government, financial media, financial technology, digital enterprise and public security.

In recent years, with the digital wave sweeping all kinds of industries, the market demand for advanced digital technology products and services has greatly increased, and Tolls has also ushered in a golden period of development.

From 2011 to 2022, the company's operating income increased from 191 million yuan to 1.029 billion yuan, and net profit increased from 73 million yuan to 246 million yuan. However, in 2023, due to the reduction of customer investment in the industry and the increase in fees during the period, the company's performance was under short-term pressure, with operating income of 782 million yuan, down 13.84% from the same period last year, and net profit of 36.47 million yuan, down 71.45% from the same period last year.

In terms of different industries, in 2023, Tors financial business achieved revenue of 313 million yuan, down 9.79% from the same period last year; public security and security business achieved revenue of 199 million yuan, down 22.40% from the same period last year; revenue from government and public institutions reached 171 million yuan, down 12.85% from the same period last year; and revenue from magnetic media business reached 98 million yuan, down 8.23% from the same period last year.

However, due to the significant reduction of its integrated business by its subsidiary Skyline, Tolth's consolidated gross profit margin was 68.37% in 2023, up 4.66 percentage points from a year earlier.

Changjiang Business Daily reporter noted that artificial intelligence software products and services have become the highlight of Tourth's business. The business achieved revenue of 237 million yuan in 2023, an increase of 11.76% over the same period last year, accounting for 30.32% of the company's operating revenue. According to the annual report, although artificial intelligence technology has different stages of commercialization in different fields, it plays an important role in the digital transformation of the industry, and the market demand is strong.

In the past year, Tuoer Situo Tianda model focused on the application of advantageous industries, integrated the company's comprehensive R & D strength and continuous innovation capability of key technologies in the field of NLP for many years, conducted pre-training with its own high-quality data, and carried out a series of generation innovation according to the landing needs of sub-domain scenarios.

According to the data, by the end of 2023, the amount of orders in hand was 543 million yuan, an increase of 14.48 million yuan compared with the end of 2022. The company has signed more than 20 contracts in finance and other industries, with a total contract amount of about 50 million yuan.

In addition, it is worth mentioning that on May 17 this year, Tors also signed a comprehensive cooperation agreement with Huawei Technology Co., Ltd. Based on this cooperation, Tors and Huawei will actively promote cooperation in the transformation of digital intelligence, steadily promote the development of industrial digitization and digital industrialization, and create competitive products.