Yunzhisheng's revenue continues to grow, but its losses exceeded 1.1 billion yuan in three years

According to the prospectus, Yunzhisheng's operating income from 2021 to 2023 will be 456 million yuan, 601 million yuan and 727 million yuan, respectively, with a compound annual growth rate of 26.27%. However, the company's losses in 2021, 2022 and 2023 were 434 million yuan, 375 million yuan and 376 million yuan, respectively, with a cumulative loss of 1.185 billion yuan. Despite the losses, Yunzhisheng said it will continue to increase its R&D investment to maintain its competitive advantage in the field of AI.