On the trillions of Internet of Things tracks, manufacturers such as graffiti intelligence, high -emerging and other manufacturers are trapped in the dilemma of losses

Text/Yang Jianyong

The Internet of Things has shown a rapid development trend in the past few years, and in the next few years, it has continued to maintain a strong growth trend. According to the previous report released by IDC, the global IoT (enterprise) expenditure scale is expected to increase to $ 1.1 trillion in 2026. In 2026, my country will grow to US $ 294 billion (about 2 trillion yuan), which has become the world's largest IoT market. The author's opinion, the Internet of Things industry has huge opportunities, and the manufacturers on the track bring development opportunities. The predicament is mainly due to weak business growth and trapped in the quagmire.

Graffiti intelligence

Graffiti Intelligence, as a unicorn on the Internet of Things track, was an IPO with the global IoT cloud last year, and the scenery was unlimited. After all, the Internet of Things field, one of the hottest tracks, was favored by capital at the beginning of the US stock market. The first day rose 19%, with a market value of US $ 14 billion (about 109.9 billion Hong Kong dollars). Unfortunately, for more than a year, the long -term downturn has been sluggish. The current market value is US $ 752 million (about 5.9 billion Hong Kong dollars), which has decreased by over 13.2 billion US dollars (about 103.6 billion Hong Kong dollars) compared with the high level, down 95.3%. In the second time in Hong Kong, the market performance is still sluggish, and the current market value is HK $ 5.7 billion.

It can be said that graffiti intelligence is one of the representative Internet of Things manufacturers of debut, that is, the peak. Of course, graffiti intelligence is performed in the capital market. Among them, there are multiple factors such as the overall downturn of China stocks. However, in my opinion, it also reflects the market's concerns about the unicorn that continues to lose money. In the first half of 2022, the total revenue of graffiti intelligence was US $ 118 million, a year -on -year decrease of 16.7%. Among them, the IoT PAAS revenue, which is a core revenue sector, has greatly reduced the overall revenue.

In the first half of the year, graffiti intelligence came from the Internet of Things platform service revenue of US $ 89.4 million, a year -on -year decrease of 29.5%. SaaS revenue in rapid development accounted for a low proportion, contributing to the overall revenue, and there was a long way to become the second growth curve. Go. While revenue is facing growth pressure, the scale of losses is expanding. In the first half of 2022, the smart losses of graffiti were $ 90.8 million, while the same period in 2021 was $ 78.7 million.

Taihe Smart

Taihe Smart is located in the Internet of Things track. It is a complete set of intelligent equipment and service providers based on AI visual recognition. Its AI machine vision technology is mainly used in intelligent sorting, smart vehicle and other fields. The main products include three major categories. : Intelligent testing equipment for various types of uses such as rice, miscellaneous grains, and ore are its core business. Among them, the sorting of agricultural and sideline food is the main source of current profits and the cornerstone of current support. However, the domestic agricultural and sideline food distribution industry includes four leading enterprises: Meiya Optoelectronics, Taihe Smart, Jiexun Optoelectronics, and Zhongke Optoelectronics. In the past two years, market competition has intensified. In the first half of 2022, Taihe's intelligent revenue was 196 million yuan, a decrease of 10%compared with the same period last year, and the net profit after deduction lost 6.08 million yuan.

Hongquan

Hongquan Federation is deeply cultivated in the field of commercial vehicles, which is also one of the hottest tracks of the Internet of Things. On the Internet of Things subdivision track, the Internet, smart cities, and smart homes have the most potential. In the first half of 2022, Hongquan IoT's revenue was 119.7 million yuan, a year -on -year decrease of 52.31%; the loss was 31.18 million yuan, and the profit was 41.38 million yuan in the same period last year.

At the performance briefing, Hongquan Federation stated that the main reason for the unsatisfactory performance in the first half of the year was the factors of the industry's downturn. The competition pattern is still stable, and the company is leading. It is believed that with the improvement of the economic situation in the second half of the year and the future, the production and sales of commercial vehicles will increase, and the company's commercial vehicle business will have a recoverable growth.

Qinchuan Winnarian

The Qinchuan Masterpiece also faces an increasingly fierce competitive environment, making it from profit to loss. In the first half of 2022, revenue increased slightly by 0.44%to 154 million yuan, with a loss of 6.16 million yuan, and the profit was 16.87 million yuan in the same period last year. In response to the sharp decline in net profit, the Qinchuan IoT claims that the competition is mainly fiercely. The new crown epidemic has repeatedly increased the difficulty of market development. The price of product prices has declined. In addition The increase in product costs, which leads to a decline in gross profit margin.

In the Internet of Things industry, the Qinchuan Federation is mainly based on the IoT intelligent gas meter as its core product. It is one of the few companies in China with the design and manufacturing capabilities of the gas meter basis and intelligent control parts. At present, the domestic intelligent gas meter market is gradually focusing on the IoT intelligent gas meter, but the market sales of the IoT intelligent gas meter by the Internet of Things mainly rely on the marketing of smart gas meter manufacturers. Whether the network intelligent gas meter can maintain an uncertainty of the growth trend may lead to a slowdown or decline in the growth rate of overall operating income.

High -emerging

Gao Xinxing is located in the Internet of Vehicles and the smart transportation Internet of Things vertical application track. However, compared with the prospects of Vehicle Internet of the Internet, Gao Xinxing has a low operating capacity in the past few years, not only weak revenue growth, but also falling into the dilemma of losses. In the first half of 2022, revenue was 1.1 million yuan, a slight increase of 4.87%year -on -year, and a loss of 65.43 million yuan. It is pointed out that it is mainly affected by the increase in supply chain costs, the failure of customer repayment, the influence of the project delivery progress at home and abroad, and the reduction of government subsidies. It should be pointed out that after continuous losses in 2019 and 2020, in 2021, it achieved a profitable loss and achieved net profit of 43.29 million yuan. Of course, this profit is mainly due to the huge impact of non -recurring profit and loss on net profit, and non -recurring profit and loss projects and amounts are 121 million yuan. Among them, the investment income generated by the Xinglian Tiantong and Moji Wisdom is as high as 70.46 million yuan. After deducting the non -deductive, it is still losing money, and it is a situation of losing money for three consecutive years. In 2019, 2020, and 2021, the net losses were 1.183 billion yuan, 1.155 billion yuan, and 78.15 million yuan, respectively. This has a distinct contrast with the trillion IoT market.

Yuanwang Valley

Yuanwang Valley is an old player on the Internet of Things track. It is a specialist in the RFID solution. It is mainly focused on railway, library, and retail Internet of Things fields. At the same time, vigorously develop smart medical care, smart power, asset management, and other emerging industries RFID IoT vertical applications. However, in the past few years, it has continued to lose money and has also increased its revenue. In the first half of 2022, revenue was 169 million yuan, an increase of 6.55%year -on -year, and a loss of 64.88 million yuan.

Rihai Smart

As a manufacturer -oriented manufacturer -oriented manufacturer -oriented wireless communication module, it is now even more "ST". The core reason is that in 2021, the audit report and internal control audit report of the audit report and negative opinion. Special treatment of the "delisting risk warning" and "other risk warnings" were implemented since May 6, 2022. At the same time, the revenue is also sluggish and trapped in the dilemma of losses. In the first half of 2022, Rihai's intelligent revenue was 1.61 billion yuan, a year -on -year decrease of 21.9%; the loss was 320 million yuan, and the profit was 103.2 billion yuan in the same period last year.

In the previous performance trailer, in the first half of the year, due to the implementation of epidemic prevention control measures in Shanghai, the operations of the subsidiaries Xinxun Tong and Longshang Technology's supply and marketing business were affected by the above, and the income of module business declined year -on -year. In addition, compared with the same period last year, the overseas business of communication equipment has declined significantly. Due to the high gross profit margin of overseas business, the decline in income has a significant impact on profits. In comparison, Xunyuan Communication is also a wireless communication module and solution manufacturer engaged in the Internet of Things field. In the first half of 2022, revenue was 6.689 billion yuan, a year -on -year increase of 54.99%; net profit was 277 million yuan, a year -on -year increase of 107%. Benefiting from a wide range of Internet of Things connection, in the past few years, revenue has shown a high -speed growth trend, with a compound growth rate of 81.43%in 5 years. In 2021, the revenue exceeded the tens of billions, reaching 11.26 billion yuan.

at last

When talking about the Internet of Things, the first impression is that the scale of this industry is as high as trillion. In fact, combined with the data given by various authoritative research institutions, the global Internet of Things market is over trillion. In addition, during the "Fourteenth Five -Year Plan" period, my country will accelerate digital development. The Internet of Things is one of the important infrastructure of the digital economy era. Driven by new technologies such as 5G and artificial intelligence, it will further promote the development of the Internet of Things industry.

With the continuous advancement of the Internet of Things and a wider range of landing, for companies that have rooted in the vertical industry of the Internet of Things, while helping various industries to make digital transformation and innovation faster, they will also usher in development opportunities. Broadly more room for performance growth. It's just that the players on the Tao show a few happy situations.

Yang Jianyong, a Forbes Chinese writer, is committed to in -depth interpretation of cutting -edge technologies such as the Internet of Things, cloud services and artificial intelligence.

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