On the afternoon of August 15th, Fourth Paradigm (06682.HK) released its performance for the first half of the year. The total revenue for the first half of the year was 1.867 billion yuan, up 27.1% year-on-year; gross profit was 0.79 billion yuan, up 12.1% year-on-year. In terms of R&D investment, the company invested 0.85 billion yuan, with an R&D expense ratio of 45.5%; the adjusted net loss decreased by 4.0% year-on-year, and the adjusted net loss rate decreased to 9.0% year-on-year.
According to financial report information, the company has covered 14 major industries during the reporting period, with a total of 185 users and 86 benchmark users, with an average income of 11.48 million yuan per benchmark user, an increase of 26.9% year-on-year.
In the first half of the year, Fourth Paradigm's core business "Fourth Paradigm Prophet AI platform" continued its growth trend. The revenue for this business was 1.251 billion yuan, an increase of 65.4% year-on-year, accounting for 67.0% of total revenue. This business focused on both the scale application and product eco-expansion in the first half of the year, and has supported Fourth Paradigm's industry large models in 14 industries on a large scale. At the same time, this business has output more than 30 AI products for various industries through productizing artificial intelligence technology. (Wen Meng)
