Lai Chunlin, Chairman of Shengtian Network: It is expected that artificial intelligence-related application results will be announced within the year

Cheng Jiulong/TextOn the afternoon of May 18, at the Shengtian Network (300494) 2022 and first quarter 2023 performance briefing, the company’s chairman Lai Chunlin revealed that artificial intelligence technology is very important to the game industry. A huge opportunity for change, the company's artificial intelligence technology laboratory is in the research and testing stage, and it is expected that artificial intelligence-related application results will be announced by the end of the year.

Public information shows that Shengtian Network is the leading scenario-based digital entertainment platform in China. Over the years, the company has deeply deployed digital entertainment scenarios, built a cross-scenario platform, content and service system, and developed IP operations, game operations and distribution. , Internet advertising and value-added services and other main businesses.

Previously on April 25, Shengtian Network (300494) released its 2022 annual report. Financial data showed that the company’s operating income in 2022 exceeded 1.658 billion yuan, a year-on-year increase of 35.83%, achieving a net profit attributable to shareholders of listed companies of approximately 222 million yuan, a year-on-year increase of 77.66% - the company's revenue and net profit both hit record highs.

Regarding last year’s performance growth, the company’s management explained that operating income in 2022 was 1.658 billion, an increase of 35.83% compared with the same period last year, mainly due to the substantial increase in online advertising and value-added business income in this period; net profit attributable to the parent company was 222 million, an increase of 35.83% compared with the same period last year. The growth rate during the same period was 77.66%, which was mainly due to the increase in profits from IP operation business and online advertising and value-added business.

The main sources of income of Shengtian Network are online advertising and value-added services, IP operation business and game operation business. Online advertising and value-added services and IP operation business are the company's main sources of revenue, of which online advertising and value-added business accounted for 60.62% of total revenue, and IP operation business accounted for 27.27% of total revenue.

Regarding the company's future strategic focus, Lai Chunlin, chairman of Shengtian Network, said: "We will be committed to the core main track - the construction of the Internet platform and the ecological construction of Internet pan-entertainment content and services. Horizontally, the company will With the cloud platform as the core, we continue to build relevant ecological chains such as content, distribution, and game services, conduct in-depth operations on scenarios, and continuously expand product matrix and service content. Vertically, while consolidating existing business, the company will continue to Acquire and invest in the upstream and downstream of the Internet pan-entertainment related industry chain to strengthen its IP and CP capabilities, widen the corporate moat, and create new profit growth points."

At the performance briefing, an institutional investor asked about Shengtian Network’s layout in the field of artificial intelligence? In this regard, Lai Chunlin said that the company maintains continuous attention and research on the research and development and application of artificial intelligence technology. Under the trend of artificial intelligence having an extensive and profound role in promoting the game industry, Shengtian Network will continue to expand and consolidate existing industrial cooperation relationships, while seeking new opportunities and cooperation in emerging industries and market areas.

According to Lai Chunlin, currently, the company has established an artificial intelligence technology laboratory within the company, which is mainly dedicated to deeply exploring the potential applications and market demands of artificial intelligence in various fields, and promoting the transformation and upgrading of its own products and services. It is expected that there will be announcements of artificial intelligence-related application results within this year.

It is worth noting that in the secondary market, Shengtian Network’s stock price started from 14 yuan/share at the beginning of the year and has been rising all the way. In late April, it rose to a maximum of 46.1 yuan/share, and the highest increase was more than three times.

On May 18, Shengtian Network closed at 36.95 yuan per share, an increase of 8.71% that day.

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