Shanghai Securities News China Securities Network News On the evening of October 29, Qianfang Technology released its third quarter report for 2024. In the first three quarters, the company achieved total revenue of 5.408 billion yuan, a year-on-year increase of 2.98%; net profit attributable to the parent company was 15.7585 million yuan; deducting non-net profit was 61.1271 million yuan.
It is understood that Qianfang Technology adheres to technology leadership and digital empowerment, and achieved steady development of its main business during the reporting period.
In the field of smart transportation, Qianfang Technology performed well in the aviation business in the third quarter. Assisted Air China in completing QAR (Quick Access) for C919 aircraft Recorder (fast access recorder) data decoding work will be put into use soon; help COMAC Civil Aircraft Flight Test Center establish test flight safety risk quantification assessment models, standards and supporting systems to promote the digital and intelligent transformation of the civil aircraft flight test industry ; In addition, it has also obtained the "First-level Qualification for Professional Contracting of Civil Aviation Traffic Engineering and Airport Weak Current System Engineering" issued by the Ministry of Housing and Urban-Rural Development, further consolidating the company's competitiveness in the civil aviation business.
Qianfang Technology relies on the technical reserves and service experience accumulated in the fields of air transportation, general aviation and other fields over the past 20 years to actively deploy the low-altitude economic field and find new business growth points. It is understood that Qianfang Technology's low-altitude business is centered on the manufacturing of medium and large UAVs, the R&D and manufacturing of anti-UAV equipment and core parts and other equipment. It is oriented to transportation, emergency, firefighting, logistics and other fields to build an "air-ground cloud network" "Service system provides overall industry solutions from airspace planning, infrastructure construction to aviation operations. Its business scope covers low-altitude flight operations, ground infrastructure construction, AI cloud platform development, and service guarantee network construction."
At the product research and development level, Qianfang Technology this quarter launched a lightweight edge application product designed for smart intersections - Kunchao Edge Station, which seamlessly supports AI intelligence by using existing signal machines and police bayonet videos. Algorithms form a closed loop of intersection perception, evaluation, optimization, and control of the entire process, significantly reducing maintenance costs and improving the efficiency of comprehensive traffic management.
In the field of intelligent IoT, the company firmly promotes AI technology innovation and application, promotes the multi-dimensional upgrade of Wutong Large Model 2.0, and achieves significant improvements in image quality, algorithm accuracy, user experience, etc., in order to solve more subdivided and fragmented scenario business needs Reduce costs and improve efficiency, empowering thousands of industries.
As of the end of this quarter, more than 1,000 partners have chosen the Wutong model, covering 10 major industries, practicing 1,000+ algorithms, hybrid cloud and public cloud SAAS cooperation, and successfully implementing 2,000+ scenarios. In industries such as petrochemicals, automobile manufacturing, and industrial production, standardized management of enterprises can be achieved with the help of Wutong large models; in the field of education, the company has launched a series of equipment such as AI body measurement screens and AI running screens to meet the needs of schools for "teaching, training, testing, and competition" meet the needs of all scenes; in smart scenic spots, we provide the Traveling Rabbit VLOG service and independently generate videos of scenic spots; at the event site, AI algorithms realize automatic camera movement tracking of players and balls, recording wonderful moments. Among them, AI fitness screens, AI running screens, Wutong Vlog solutions, etc. have been quickly launched in more than 100 cities across the country.