On August 29, Guolonghui announced that for the six months ended June 30, 2024, the company's revenue increased by 10.9% to RMB 23.62 million, mainly due to the increase in revenue from saas solutions. The gross margin for the same period last year and the six months ended June 30, 2024 were 47.9% and 51.6% respectively.
A loss of RMB 2.0 million was incurred in the same period last year, while a profit of RMB 13.9 million was generated for the six months ended June 30, 2024. The turnaround from loss to profit was mainly due to the company's AI-related products driving performance growth and the improvement in research and development efficiency.