PP-FormulaNet: Bridging Accuracy and Efficiency in Advanced Formula Recognition

Formula recognition is an important task in document intelligence. It involves converting mathematical expressions from document images into structured symbolic formats that computers can easily work with. LaTeX is the most common format used for this purpose. In this work, we present PP-FormulaNet, a state-of-the-art formula recognition model that excels in both accuracy and efficiency. To meet the diverse needs of applications, we have developed two specialized models: PP-FormulaNet-L, tailored for high-accuracy scenarios, and PP-FormulaNet-S, optimized for high-efficiency contexts. Our extensive evaluations reveal that PP-FormulaNet-L attains accuracy levels that surpass those of prominent models such as UniMERNet by a significant 6 Conversely, PP-FormulaNet-S operates at speeds that are over 16 times faster. These advancements facilitate seamless integration of PP-FormulaNet into a broad spectrum of document processing environments that involve intricate mathematical formulas. Furthermore, we introduce a Formula Mining System, which is capable of extracting a vast amount of high-quality formula data. This system further enhances the robustness and applicability of our formula recognition model. Code and models are publicly available at PaddleOCR(https://github.com/PaddlePaddle/PaddleOCR) and PaddleX(https://github.com/PaddlePaddle/PaddleX).