'As a result of malicious short-selling, Hong Kong banks tightened credit in the short term. In the second half of last year, the Group's self-operated business was affected to a certain extent, but it still recorded a profit of RMB 302 million in the whole year, basically in line with expectations. ' Chief Executive Officer, Cogobuy Core Group He Kangwei, the founder of Hard Egg, said at the same time that although the scale of self-operated business was temporarily shortened, the Group still maintained a good relationship of cooperation with customers and suppliers, and it is expected that the expansion of IC components business this year will be accompanied by bank credits. The recovery gradually picked up.
Bank of Hong Kong tightened the company's credit line to make the performance of its proprietary business in the third quarter greatly affected, but the industrialization of hard-shelled platform has become a performance support.
Hardcore Labs has been officially upgraded to AI and IoT hardware product design companies. Based on the Kelper system (K-system), K series products have been developed, including AI speech recognition modules and AI image processing modules, which can be widely used in intelligent manufacturing, AI+ industry Automation. The hard-shell industrialization project, which was laid out in the areas of AI+ industrial automation robots, smart car applications, etc., has also matured. The platform has passed enterprise and technical services since the fourth quarter, and high value-added services such as incubation investment income have driven steady performance. Gross profit margin is maintained at 8%.
The hard-shell platform industrialization mainly includes three aspects: First, the use of hard-egg drainage brings IC component requirements to Cogobuy; Second, it promotes the sales of hard-eggs' own products through the research of hard-core laboratories. Upgraded to AI hardware design company, based on Kepler system, designed and sold a series of AI core hardware products, which can be applied to AI+ industrial automation; Finally, through the project of incubating hard egg platform, equity investment is realized.
'Unlike PE investment, Hardcore's equity in the project company is in exchange for services. In many projects, Hardcore is the role of co-founder (co-founder). If you can out of many of our projects Unicorn Company, which will substantially increase the ability to cash in eggs, will help the continued investment and expansion of the Hard Egg platform. ' Kang Jing Wei said.
In 2018, Hardcore will focus on serving innovative SMEs in emerging industries and smart upgrades of traditional companies, through the hard egg supply chain cash.
One of them is the easiest robot project. After three years of development, Cogobuy said that the community has gathered over 1,000 robot innovation projects and 300 robot upstream and downstream suppliers in industrial robots, industrial automation equipment, service robots, and terminal fields. There are nearly 3,000 registered companies, more than 250 trading companies, and annual sales of more than RMB 700 million in the past year. Easy-to-create independent intellectual property rights 'AI + industrial automation' products will also start selling.
Kang Jingwei said that the Group will continue to use IC components as an entry point, and gradually expand its high value-added service systems such as hardware modules, technical support, software, supply chain finance, and system solutions.