The company's revenue in the first half of the year was 1.389 billion yuan, a decrease of 5.51% compared to the same period last year. R&D expenses increased by 5.12% year-on-year.
Affected by the decline in industry demand, Hithink Royalflush Information Network's performance in the first half of the year was under pressure, but research and development investment increased.
On the evening of Friday, August 23, Hithink Royalflush Information Network released the 2024 interim performance report.
1) Key Financial Figures:
Revenue: The first half of the year achieved revenue of 1.389 billion yuan, a decrease of 5.51% compared to 1.47 billion yuan in the same period last year.
Profit: The net income attributable to shareholders of the listed company in the first half of the year was 0.363 billion yuan, a decrease of 20.99% from 0.459 billion yuan in the same period last year. The net income after deducting non-recurring gains and losses was 0.344 billion yuan, a decrease of 23.26% year-on-year. Both basic earnings per share and diluted earnings per share were 0.68 yuan, a 20% decrease from the previous year's 0.85 yuan.
Cash Flow: The net cash flow from operating activities in the first half of the year was 0.304 billion yuan, a decrease of 27.75% year-on-year.
R&D expenses: The R&D expenses for the first half of the year increased by 0.592 billion yuan, a year-on-year increase of 5.12%.
2) Main business revenue data:
Value-added telecommunications business: The revenue in the first half of the year was 0.769 billion yuan, a year-on-year decrease of 10.96%, with a gross margin of 82.39%, a decrease of 1.49 percentage points year-on-year.
Software sales and maintenance: The revenue in the first half of the year was 0.102 billion yuan, a year-on-year decrease of 7.19%.
Advertising and internet promotion services: The revenue in the first half of the year was 0.35 billion yuan, a year-on-year increase of 9.45%.
Fund sales and other businesses: The revenue in the first half of the year was 0.168 billion yuan, a year-on-year decrease of 4.91%.
The report shows that the company has continued to increase its R&D investment in the field of artificial intelligence and big data in the first half of the year. Generative AI technology has been applied in the fields of financial news, financial Q&A, investment research, and code generation. R&D expenses in the first half of the year accounted for 42.6% of total revenue.
As of today's close, Hithink RoyalFlush Information Network rose by 0.3% to 95.9 yuan per share, with a cumulative decline of 38% since the beginning of the year.
