**Tianyu Digital madly chased the stock price of the trend and took a roller coaster, with a net loss of about 200 million yuan in 2022**
Recently, benefiting from the explosion of the concept of ChatGPT, the stock price of Tianyu Digital has soared, and it has reached its daily limit many times.
Tianyu Digital recently stated on the investor relations platform: “The company’s subsidiary Yuanjing Technology is now relying on the MetaSurfing-Yuanxiang intelligent cloud platform, and the virtual digital human has been connected to ChatGPT and other models.”
This reply directly allowed him to catch the express train of the ChatGPT concept, and the stock price rose accordingly. On February 13, Tianyu Digital once again had its daily limit. Since February 1, the company has received multiple daily limit boards.
However, the soaring stock price still cannot conceal its performance decline. Tianyu Digital recently released an announcement on the expected loss of performance in 2022. Due to the losses of the shareholding companies and other reasons, the net loss in 2022 is expected to be 190 million to 285 million yuan, which is a year-on-year turnaround.
In fact, in recent years, the stock price of TEY has been on a roller coaster ride many times. In addition to the concept of ChatGPT this time, there are also concepts such as Metaverse and Eastern Digital and Western Calculation that provide the driving force. Now, the company proposes to be a “digital human + AIGC”, what is the quality?
“Digital Human + ChatGPT”? Research and development expenses in the first three quarters of 2022 will be 37.9 million yuan
Recently, the popularity of ChatGPT has also brought new momentum to the development of the artificial intelligence industry, and many companies have announced their entry.
Tianyu Digital has also interacted frequently on the interactive trading platform since February, and proposed the combination concept of “digital human + ChatGPT”.
On February 5th, Tianyu Digital said in response to questions on the investor relations platform that the company’s subsidiary Yuanjing Technology now relies on the MetaSurfing-Yuanxiang intelligent cloud platform. Tok cross-border e-commerce live broadcast, virtual anchor live broadcast interaction and other scenarios have been applied, and a product solution has been formed.
At the same time, Tianyu Digital said that in the future, the company will actively pay attention to the ability growth and ecological evolution of ChatGPT and other models, follow up various technical routes, and continue to deepen the metaverse people and goods market around application scenarios such as virtual anchors, cross-border e-commerce, and intelligent customer service. Intelligent application.
According to his introduction, the virtual digital human live broadcast SaaS platform “Yuanxiang-Metasurfing” (to C) is a PC-side application, which will be launched in 2022 to realize the “batch, short-cycle, and low-cost” production of the metaverse human freight yard.
Analysts in the industry believe that whether it is to be a metaverse, digital human or ChatGPT, it needs enough technology accumulation and investment, and Tianyu Digital has only entered a relatively small entry point.
The reporter checked the company’s R&D investment and found that the research and development expenses in 2021 were 88.122 million yuan, a year-on-year decrease of 21.86%; in the first three quarters of 2022, the research and development expenses were 37.9 million yuan, a year-on-year decrease of 47.9%. R&D investment in the competitive game business decreased.
It can be seen that even with many seemingly high-tech concepts, the actual R&D investment of Tianyu Digital Technology does not seem to be enough to support these concepts.
However, after expressing its position, Tianyu Digital has since boarded the express train of ChatGPT, and its stock price has risen rapidly.
On February 6, Tianyu Digital Technology issued a stock price change announcement stating that the companyâ??s closing price increase deviation of more than 20% in two consecutive trading days on February 3, 2023 and February 6, 2023. After the company’s self-examination, the information disclosed by the company in the early stage does not need to be corrected or supplemented; no public media has reported undisclosed major information that may or has had a significant impact on the company’s stock trading price; the current production and operation activities are normal; The disclosed market environment, internal and external production and operation environment have not undergone major changes; there is no violation of fair disclosure of information, etc.
This announcement did not mention its relevant reply on ChatGPT on the interactive platform, nor did it supplement the corresponding prompt information.
And the stock price movement seems to be returning to calm. On February 17, Tianyu Digital closed at 6.86 yuan per share, with a turnover of 4.04 million lots, a turnover of 2.779 billion yuan, and a turnover rate of 27.52%.
Ever been on the metaverse, the concept of counting east and west, chasing after the trend?
Just in 2021, when the “Yuan Universe” was in full swing, Tianyu Digital Science and Technology sang all the way and said that it would deploy the Yuan Universe business.
Tianyu Digital was previously named Tianshen Entertainment. It was established in March 2010 and listed on the Shenzhen Stock Exchange in February 2010. After a major asset restructuring in 2014, its main business was changed to e-sports games. Since then, it has developed e-sports games and data Traffic dual business. He has produced games such as “Proud Sword”, “Ascension”, “Change of the Sky”, “Fantasy Q Immortal”, “Tank Storm”.
In December 2021, Tenshen Entertainment established a new company, Beijing Yuanjing Digital Technology Co., Ltd., which will use the joint venture company as the main body to build a virtual digital human production platform to realize the application of virtual digital human in the fields of e-sports games and brand marketing.
On February 17, 2022, Tianshen Entertainment announced that the Chinese name was changed to “Tianyu Digital Technology (Dalian) Group Co., Ltd.”
At that time, the company stated that it had formed a dual business of e-sports games and data traffic in its main business, and built a mutual promotion of game operation and e-sports, multi-dimensional promotion of brand content marketing and digital effect marketing, self-owned traffic platform and Mobile application distribution synchronously enhanced product matrix and business ecology. In order to conform to the company’s current actual business situation and future strategic direction, the company’s name and securities abbreviation have been changed to match the company’s main business composition, operating conditions and development strategies.
In short, at present, Tianyu Digital is a game and marketing company.
In addition to the “Yuan Universe”, Tianshen Digital is also a concept stock of “East Counting and West Counting”.
On February 22, 2022, Tianyu Data stated on the investor platform that the company focuses on the digital economy and relies on massive data resources to provide full-scenario data traffic covering data analysis, traffic distribution, delivery optimization, creative efficiency improvement, and content marketing operating services. Tianyu Digital also said that the operation of the ecological park has accumulated a rich digital industrialization and industrial digitalization talent team, project resources and operation experience for the company; Promote the company’s business development better and faster.
Since then, on February 23 and 24, the stock price of Tianyu Digital has ushered in two consecutive rises.
Looking back on the stock price trend for more than a year, although Tianyu Digital can catch up with the trend and the stock price will rise sharply, once the trend stops, the stock price will still fall.
And even with multiple concepts in one, the company’s performance has not been ideal.
Expected to lose 190 million to 285 million yuan in 2022
On January 30, Tianyu Digital released the 2022 annual performance forecast. It is estimated that the net loss in 2022 will be 190 million to 285 million yuan, which will be a year-on-year loss; the net loss after deducting non-recurring gains and losses will be 203 million to 298 million yuan. A year-on-year decrease of 9.31%-60.46%.
As for the reason for the loss, Tianyu Digital said that the companyâ??s net profit attributable to shareholders of listed companies in 2022 will be negative. The investment gains and losses recognized under accounting have a greater impact on the company’s net profit. At the same time, the company plans to make long-term equity investment impairment provisions for some shareholding companies, which will also have a certain impact on the company’s net profit.
In the 2022 semi-annual report, regarding the loss in the first half of 2022, Tianyu Digital explained that the company’s newly developed virtual digital human, self-owned product development and brand incubation around the two major platforms are still in the investment period, and the net Profit has a certain impact. Affected by this, the net loss in the first half of 2022 was 16.0698 million yuan, a year-on-year decrease of 137.73%.
At the same time, the financial report disclosed its main subsidiaries and shareholding companies that have an impact on the company’s net profit of more than 10%. The company’s DotC net loss was 48 million yuan.
In the third quarter, the losses widened further. In the first three quarters of 2022, the revenue was 1.31 billion yuan, a year-on-year increase of 12.16%; the net loss attributable to shareholders of listed companies was 27.105 million yuan, a year-on-year decrease of 201.76%.
It can be seen that the loss of the joint stock company and the investment in projects such as digital people have caused the performance of Tianyu Digital to take a turn for the worse.
Looking back at the financial data of the past five years, compared with 2018 and 2019, the business situation of Tianyu Digital has improved.
In 2018, Tianyu Digital spent a total of nearly 10 billion yuan and initiated more than 10 mergers and acquisitions. And in the same year, the performance changed.
According to the data, in 2018, Tianyu Data achieved an operating income of 2.599 billion yuan, and the net profit attributable to shareholders of listed companies was -7.151 billion yuan. Since then, in 2019, Tianyu Digital has an operating income of 1.335 billion yuan, and the net profit attributable to shareholders of listed companies is -1.198 billion yuan. The cumulative loss in two years was nearly 8.3 billion yuan.
So far, Tianyu Digital is still in the throes.
According to media reports, Tianyu Digital has internally positioned 2023 as the year of “comprehensive profitability”, and its annual development plan has changed from a quantitative revenue model to a quality profit model. The company stated that, on the one hand, the company will continue to consolidate the foundation of profitable projects and further expand the scale of profitability; on the other hand, it requires projects in the investment period to turn losses into profits in 2022 and fully achieve the performance goals of profitability.
How it will work in the end remains to be seen with time.
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