① In addition to the Ali 1688 platform, the commercial product “PhotoStudioAI” is also negotiating cooperation with various e-commerce platforms, and will gradually be launched according to the work progress of PhotoStudioAI and each platform. ② Revenue from the mobile phone business rebounded in 2023. Thanks to smart superdomain fusion technology products, it has received a good market response, and is currently expanding to mid-range and low-end models.
“Science and Technology Innovation Board Daily”, May 14 (Reporter Huang Xinyi) According to the first quarter performance report of Hongsoft Technology, the company achieved revenue of about 184 million yuan, an increase of 13.93% year on year; net profit attributable to shareholders of listed companies was about 34.17 million yuan, up 21.21% year on year; basic earnings per share were 0.09 yuan, up 28.57% year on year. However, the net cash flow from operating activities in the first quarter was -16.5542 million yuan, a year-on-year decrease of 116.19%.
In response, Deng Hui, Chairman and CEO of ArcSoft Technology, said in response to a question from the “Science and Technology Innovation Board Daily” at the performance meeting that the company's net cash flow from operating activities in 2023 was 256 million yuan, a significant year-on-year increase. The net cash flow from operating activities in the first quarter of 2024 was -16.5542 million yuan. The main reason is that in the second half of 2023, in order to strengthen the depth of cooperation with the company, some customers accelerated the progress of project payments and made payments within 2023.
Recently, Hongsoft PhotoStudioAI has officially entered the Alibaba 1688 platform and will provide AI commercial photography services for tens of millions of online merchants. In terms of the AI commercial production business, Deng Hui said that it will continue to cooperate with third party companies that provide tools, and will also cooperate with some high-traffic platforms (such as live streaming platforms, various types of live broadcast anchors, etc.) to carry out joint promotion. Since the company's commercial products were launched on the platform soon, standardized data was later formed and then shared with the outside world. In addition to the Ali 1688 platform, the commercial product “PhotoStudioAI” has also negotiated cooperation with various e-commerce platforms, and is gradually launched according to the work progress of PhotoStudioAI and each platform.
The reporter learned that PhotoStudioAI Smart Commercial Photography Cloud Studio will officially launch an IGC video automatic video generation tool for commercials on May 24. It can capture detailed characteristics, texture, color, etc. of the product based on the product image or model image entered by the user, and generate a dynamic commercial video showing the real appearance of the product.
Judging from the annual report, ArcSoft Technology's revenue and profit both increased in 2023. The company's revenue was 670 million yuan, up 26.07% year on year; net profit to mother was 884.887 million yuan, up 53.03% year on year; net profit after deducting non-net profit of 68.694 million yuan, up 898.87% year on year; net cash flow from operating activities was 256 million yuan, up 472.55% year on year.
Among them, smartphone business revenue achieved good growth, driving mobile smart terminal vision solutions to achieve revenue of 581 million yuan, an increase of 22.82% year on year; intelligent driving and other IoT smart device vision solutions achieved revenue of 74.294 million yuan, an increase of 67.26% year on year.
Regarding the recovery in mobile phone business revenue in 2023, Deng Hui said in response to the “Science and Technology Innovation Board Daily” that thanks to new technology products, it has received a good market response. The intelligent superdomain integrated night scene, HDR, superscore, portrait, and motion capture solutions that have been developed so far have all been mass-produced and shipped in batches. The products that have already been shipped have received a good market response after they were released by mobile phone manufacturers. In the future, it will continue to accelerate the commercialization and implementation of the “Intelligent Superdomain Fusion” series of technologies, provide full-link superdomain solutions for mobile phone photography, extend the new technology to all of the company's solutions related to image quality on the basis of already shipped applications, and cover more mobile smart terminal platforms and mobile smart terminal products for OEM customers.
According to reports, its “intelligent superdomain fusion” products are being expanded to mid-range and low-end models. In addition to continuing to be used on various customer flagship model platforms, it is also expected to be applied to more high-end models and mid-range and low-end models. In 2024, ArcSoft will also focus on investing in “intelligent superdomain fusion” technology in imaging solutions related to scenes such as portraits and telephoto.