Jiechuang Intelligent released its 2024 annual report, fully promoting the strategic upgrade of AI productization.

On the afternoon of April 20, Jiechuang Intelligent simultaneously disclosed its 2024 annual report and the first quarter report for 2025, allowing the market to intuitively feel the company's determination and preliminary achievements in its AI strategic transformation, with signs of an initial improvement in operations.

The annual report shows that Jiechuang Smart achieved an operating income of 644 million yuan in 2024, but due to unfavorable conditions such as sluggish industry demand, intensified competition, rising costs, and the impact of strategic transformation investments, the company incurred losses in 2024.

However, thanks to the gradual realization of the company's strategic transformation towards AI, Jiechuan Intelligent achieved a strong growth momentum and a "good start" as it entered 2025. The quarterly report shows that from January to March 2025, Jiechuan Intelligent's net profit attributable to the parent company was 13.6338 million yuan, a year-on-year increase of 911.82%; the net profit attributable to the parent company after deducting non-recurring gains and losses was 12.0642 million yuan, a substantial increase of 6307.10%, laying a solid foundation for the growth of the annual performance.

Transforming into a provider of artificial intelligence products and solutions, achieving multiple breakthroughs in business.

In recent years, artificial intelligence has swept the globe, with 2024 often seen as the starting point for the popularization of AI, and 2025 set to become a critical juncture for the transformation of the AI industry. It is estimated that in 2024, China's artificial intelligence industry will reach a scale of 269.7 billion RMB, and from 2025 to 2029, it will maintain an average annual compound growth rate of 32.1%, exceeding one trillion in scale by 2029. The development space for artificial intelligence is very broad.

Jiechuang Smart, as a leading enterprise in the field of intelligent technology, has always relied on technology and been market-oriented, promoting the implementation of cutting-edge technological advancements to assist clients in public security, government enterprises, energy, industry, and other fields in their digital and intelligent construction. Jiechuang Smart started in the fields of smart security and smart cities and has actively carried out strategic transformation towards artificial intelligence in recent years. Driven by the AI technology wave, Jiechuang Smart has transformed from a traditional system integrator into a provider of artificial intelligence products and application solutions, establishing three core business systems: "AI + Cloud Computing," "AI + Security," and "Industry Digital Intelligence," making breakthrough progress in multiple key areas.

The annual report shows that the "AI + Cloud Computing" business, as a newly incubated business of Jiechuan Intelligent after its listing, has completed the incubation verification phase of "0-1" and is about to enter the expansion phase of "1-10". During the reporting period, Jiechuan Intelligent continuously improved its product matrix, launched new products such as AI hyper-converged integrated machines, intelligent computing platforms, and AI application platforms, and obtained key strategic customer orders from multiple industries, as well as establishing strategic cooperation with several mainstream server brands and ODM manufacturers in China. Based on this, Jiechuan Intelligent's business achieved breakthrough growth, with business revenue reaching 10.6723 million yuan, a year-on-year increase of 259.07%, and a business gross profit margin of 32.34%.

In the "AI + Security" business segment, Jiechuang Intelligence demonstrates a positive trend of collaborative development between traditional and emerging businesses. On one hand, the sales of its communication security management products have seen a cyclical bottoming rebound, with a significant increase in the amount of new contracts signed in the fourth quarter, successfully expanding its business footprint to Shandong, Liaoning, Jilin, Yunnan, and other regions, and successfully opening up the Southeast Asian overseas market. On the other hand, Jiechuang Intelligence is proactively laying out a new track of "embodied intelligence + new quality security" and actively nurturing a "new growth curve." Since the beginning of this year, Jiechuang Intelligence has secured multiple orders in the sales of products such as electromagnetic net catchers and fire-fighting drones. Meanwhile, in April 2025, Jiechuang Intelligence established a robotics company, focusing on "integrated air-ground" embodied intelligence products to promote the rooting and landing of embodied intelligence technology in real scenarios in public security, fire protection, and emergency response industries.

The "Industry Digital Intelligence" business was originally the smart city business of Jiechuang Intelligent. Based on traditional advantageous businesses, this business has now covered 31 cities including Shenzhen, Beijing, Haikou, Nanjing, and Xi'an, with sales covering various regions across the country. It brings strong market resources and sales channels for new AI products, and the accumulated industry know-how and vertical industry data over the years also provide important R&D resources for the company to develop various AI agents, embodied intelligence, and industry AI applications.

Based on the collaborative development of the three major core business systems mentioned above, Jiechuang Intelligent has achieved a transformation from a "smart city service provider" to a "provider of artificial intelligence products and solutions." With the accelerated development of artificial intelligence, Jiechuang Intelligent is expected to usher in a strategic opportunity period for high-quality development, accelerating the release of core growth momentum in the AI+ industry.

The R&D strength has increased, and the results of new business development are significant.

In addition to business transformation, Jiechuang Intelligent's research and development investment in recent years cannot be ignored. During the reporting period, the company's R&D investment was 73.0885 million yuan, accounting for more than 10% of the operating revenue in that period, reaching 11.34%. The company obtained 28 authorized patents in fields such as artificial intelligence, intelligent computing power, and IoT perception, and added 57 new software copyrights.

Under sustained high-intensity investment, the promotion and transformation of Jiechuang Intelligent's R&D achievements have also accelerated significantly. In terms of artificial intelligence technology, the focus has been on developing the Jiechuang Artificial Intelligence Productivity Platform, which has comprehensively improved the AI application development and delivery capabilities for various scenarios. In the area of intelligent computing power, three major products have been successfully developed: the Evergreen Cloud AI Hyper-Converged Integrated Machine, the Evergreen Cloud Intelligent Computing Platform, and the Evergreen Cloud AI Application Platform. In the field of IoT sensing technology, the emphasis has been on developing a public security big data analysis platform product based on signal perception, big data, knowledge graphs, and other technologies, providing security-related departments with richer technical tools.

Not only that, but the high investment in research and development has also brought significant progress and a better expected development for Jiechuang Intelligent's new business expansion.

According to the data, Jiechuang Intelligent's "Evergreen Cloud" series of cloud computing products has achieved business breakthroughs in key industries such as government, finance, transportation, and manufacturing. It has continuously signed contracts for virtualization and desktop cloud projects with important clients such as the People's Bank of China Financial Electronic Group and Guangzhou Port Group. In the field of government cloud, "Evergreen Cloud" has also made significant breakthroughs, successfully participating in the construction of the second phase of the domestic cloud platform project in Guangzhou Development Zone and successfully delivering projects such as the full innovation research and development testing desktop cloud for Jindian Group.

At the same time, the one-stop cloud-native system management platform "Evergreen Container Cloud" and the lightweight full-link intelligent computing platform "Evergreen Cloud Intelligent Computing Platform" developed by Jiechuang Intelligent have been successively launched, further integrating into the domestic ecosystem. The company has added more than thirty domestic adaptation mutual certification items, including major manufacturers such as Dongfang Tong, Baolande, and Dameng Data, and has obtained certifications from four authoritative institutions, including CNAS.

In addition, in fields such as low-altitude economy, embodied intelligence, and AIDC, Jiechuang Intelligent has also repeatedly received recognition from benchmark users, and the basic market in vertical industries is gradually stabilizing. With Jiechuang Intelligent's continued investment in the development of application products for the robotics industry, it is expected that more embodied intelligent products that directly address industry pain points and are eye-catching will be launched.

It can be seen that Jiechuan Intelligent's applications and products in the artificial intelligence industry have been deeply cultivated in multiple industries, achieving significant market advantages, and the company's overall competitiveness and influence in the industry continue to rise.

2025 is the final year of the implementation of the "14th Five-Year Plan", and it is also the forward-looking planning period that is about to start the "15th Five-Year Plan". The brilliant performance of the "good start" in the first quarter not only confirms the phased achievements of the strategic transformation of Jiechuang Intelligence, but also shows the sustainable development momentum of the enterprise based on technology precipitation and guided by market demand. Looking forward to the future, Jiechuang Intelligent is expected to usher in sustained growth with its profound technical strength and R&D and innovation advantages. (Bunho)

(Source: Securities Times Network)

Source: East Money

Author: Securities Times Network