On August 30, DC Holdings (00861) released its financial report for the first half of 2024. During the reporting period, the company's overall revenue was 7.014 billion yuan, gross profit was 0.957 billion yuan, and net income attributable to shareholders was 10.81 million yuan. It is worth noting that the decrease in profitability compared to the same period last year is mainly due to the increasing market competition faced by the consolidated non-wholly-owned subsidiary, Digital China Information, and the continuous increase in investment in related business lines. Excluding this impact, DC Holdings' business performance was impressive. After excluding the impact of Digital China Information, revenue was 2.936 billion yuan, an increase of 20% compared to the same period last year. Net income attributable to shareholders was 40.96 million yuan, an increase of 380% compared to the same period last year. The business development momentum was strong and played a key role in driving growth. In the first half of the year, DC Holdings responded to market trends and achieved innovative breakthroughs in multiple fields.

In terms of data factors, with the issuance of the "Data Factors x" three-year action plan (2024-2026) policy and the development of data resource entry, the company's big data business maintained strong growth in the first half of the year. Big data product and solution revenue reached 1.277 billion yuan, an increase of 17% compared to the same period last year, with a compound annual growth rate of 26% in the past four years. At the same time, the company has made significant progress in the "City CTO + Enterprise CSO" model, enabling the digital transformation of local leading enterprises by deeply exploring the value of data elements in urban large scenarios. In the first half of the year, the company won the bid for the Jilin Smart Water Conservancy Project, as well as multi-million yuan orders such as the second phase of the Changchun City Computing Center and the Changchun New Zone Smart Computing Center, and enabled local industrial development through the "Three Computing and One Brain" industrial intelligent brain built in the intelligent computing center.

In the field of artificial intelligence, DC Holdings pays more attention to the practical application of AI. The company drives intelligentization with a dual-core technology driven by the business twin created by knowledge graph construction and the AI large-scale model ecological platform. For example, in the supply chain field, DC Holdings has created a supply chain control tower solution with big data and AI as the core. This product has been successfully implemented in a leading food manufacturing company, enabling the customer to achieve 100% business digitization, 100% data traceability, and an optimization rate of 88% in the supply chain operation process, with outstanding efficiency improvement rate of 59% in optimized process nodes. At the same time, the company is accelerating cooperation with leading enterprises in industries such as electronics, food, fast-moving consumer goods, and automobiles, speeding up the replication and promotion of this series of standardized products.

In terms of overseas services, DC Holdings closely follows the trend of Chinese enterprises going global and jointly develops with Chinese enterprise customers such as Huawei, Honor, ZTE, and BYD. The business scale continues to grow, and in the first half of the year, the company won consecutive bids for BYD's supply chain overseas business orders in Thailand and Vietnam, successfully achieving the integration of domestic and overseas business data. During the reporting period, the company's overseas revenue was 0.465 billion yuan, an increase of 55% compared to the same period last year. The proportion of overseas revenue continued to increase, rising from 1% in the first half of 2022 to 7% in the first half of 2024, opening up the second growth curve for the company. Relying on the accumulated "high-end circle of friends" from years of overseas development, DC Holdings is entering the local market through core scenarios and empowering local customers with cutting-edge AI technology.

The aforementioned areas are currently hot topics in the market. DC Holdings accurately predicts market trends in its core business strategic planning, lays out in advance, and achieves explosive growth. In the long run, these hot areas have tremendous development potential, and DC Holdings is expected to maintain a rapid development momentum in the future and become an industry leader in relevant fields, creating greater value for its partners and investors.