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Baifengyun-W (06608.HK): Adjusted net income of 0.197 billion yuan, with generative AI as the core engine.
As the mid-year reporting season draws to a close, the AI sector's performance is gradually becoming clear. Against the backdrop of high investment in generative AI technology and unstable business models, as well as tightening downstream customer spending, AI companies that can maintain stable profitability and even achieve growth appear particularly precious. Bai Rong Yun Chuang is such a rare AI company. Its semi-annual financial report data shows that through the strong performance of AI core business, the company not only achieved an adjusted net income of 0.197 billion yuan, with a net income margin reaching 15%, successfully joining the ranks of few consistently profitable AI technology companies. Particularly noteworthy is that Bai Rong Yun Chuang's gross margin has been consistently maintained at a high level.
On August 30th, Bai Rong Yun-W (06608) spent 13.4993 million Hong Kong dollars to buy back 1.6785 million shares.
Bairong Cloud-W (06608) announced that the company invested 13.4993 million on August 30, 2024...
Express News | Bairong Inc. Announces 2024 Interim Financial Results
Bairong Cloud-W (06608.HK) surpassed its peers in revenue in the first half of the year, achieving stable growth and continuous profitability.
On August 29th, Gelunhui announced its interim performance. Thanks to the successful application and commercialization of artificial intelligence (AI) technology, the group maintained steady revenue growth and profitability. For the six months ended June 30, 2024, the group's revenue reached 1.321 billion yuan, a 6% increase compared to the six months ended June 30, 2023, which was 1.243 billion yuan. During the reporting period, the group's non-international financial reporting standards profit was 0.197 billion yuan, with a non-international financial reporting standards profit margin of 15%, which is similar to the level of the previous year. This year.
Express News | Bairong H1 Revenue RMB 1,321.35 Million
Express News | Bairong H1 Net Income RMB 142.83 Million
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