HKUST Xunfei (002230) Interim Report Comments: Performance Exceeds Expected Benefits, The Turning Point Has Arrived

HKUST Xunfei (002230) Interim Report Comments: Performance Exceeds Expected Benefits, The Turning Point Has Arrived
Profit growth exceeded expectations.The company achieved operating income of 42 in the first half of 2019.28 ppm, an increase of 31 over the same period last year.72%, achieving a net profit of 1.89 ppm, an increase of 45 over the same period last year.06%, exceeding market expectations. In 2019, artificial intelligence technology will be applied on a large scale, and the artificial intelligence industry has begun to enter the golden harvest period. The company’s annual report has pointed out that the artificial intelligence strategy has officially entered 2.In the 0 era, in addition to the scale, the company’s increasing performance is a priority task, and the company’s interim report profit growth rate exceeds the revenue growth rate, indicating that this inflection point has arrived. The proportion of 2C business further increased.Based on the successful application of the Xunfei input method and Xunfei translator, the company first released a variety of intelligent hardware such as Xunfei transcribing machine, Xunfei recording pen, Xunfei smart office notebook, and reported the number to the C business.Realized operating income of 15.7.6 billion, an increase of 45 in ten years.45%; realized gross profit 8.4.9 billion, a year-on-year increase of 41.92% of our most popular open platform realizes operating income.8.5 billion, continued to maintain high growth, an increase of 55 in ten years.73%; To C business accounted for 37% of overall revenue.28%, gross profit accounted for 39.79%. The political, legal and education industries continue to maintain high growth.The company’s education products and services in the first half of the year achieved operating income9.700 million, an annual increase of 48.86%; political and legal business realized operating income4.59 ppm, an increase of 31 in ten years.58%; The company ‘s intelligent auxiliary case handling system for 杭州桑拿 criminal cases has opened up the data flow of the Public Prosecution Department for the first time. At present, the system has been fully applied in Shanghai and the trial has been materialized for the first time.It has been promoted in Anhui, Shanxi, Xinjiang Production and Construction Corps and other places, and piloted in Yunnan, Fujian, Guizhou and other places. The political and legal big data collaborative case handling platform has now been successfully piloted in Shenzhen. The medical imaging AI technology broke the world record, and the AI-assisted diagnosis and treatment of grassroots hospitals was fully implemented.The report summarizes that in the CHAOS evaluation task set by the International Medical Imaging Conference ISBI, the company refreshed the world record of the most concerned CT liver segmentation subtask. 深圳桑拿网 The algorithm can achieve fine segmentation of internal organs and further strengthen the technology for the company’s medical business.barrier.The company’s intelligent medical assistants have landed in grass-roots medical and health institutions of more than 1,000 square meters, and have provided general practitioner-assisted diagnosis and treatment for nearly a thousand common diseases, and converted services to nearly 5 million people. The artificial intelligence-assisted diagnosis and treatment platform completed the imaging cloud of 905 hospital institutions.For the access, 400,000 chest CTs were analyzed step by step. Investment suggestion: As a leader in artificial intelligence, the company’s artificial intelligence applications in various industries are advancing rapidly and are entering artificial intelligence2.At the strategic stage, per capita benefits are expected to increase significantly.It is expected that the EPS for 2019-2020 will be 0.43 and 0.66 yuan, maintain “Buy-A” rating, 6-month target price of 40 yuan. Risk warning: New business progress is not as expected.