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Hong Kong Stock Market Morning Report | AI and other key areas receive renewed attention, DeepSeek becomes the fastest growing AI tool in the Global market.
① The Ministry of Industry and Information Technology will focus on key areas such as AI and critical software, nurturing a batch of platforms for the transformation of innovative achievements. ② DeepSeek's monthly visits exceed ChatGPT. ③ Huawei: Global sales revenue in 2024 is 862.1 billion yuan, with a Net income of 62.6 billion yuan. ④ Li Auto's internal sales target for this year: 0.7 million units for the entire year, with 0.05 million units for pure electric.
FOURTH PARADIGM (06682.HK): Ke Yele has been appointed as a member of the nomination committee.
Gelonghui reported on March 31 that FOURTH PARADIGM (06682.HK) announced that, effective March 31, 2025: (i) Independent non-executive Director Li Jianbin will no longer serve as a member of the Nomination Committee; and (ii) Independent non-executive Director Ke Yele has been appointed as a member of the Nomination Committee.
Understand the FOURTH PARADIGM (06682.HK) 2024 annual performance at a glance.
On March 31, FOURTH PARADIGM (06682.HK) announced its performance for the fiscal year 2024, with strong growth across the Business. The total annual revenue reached 5.261 billion yuan, a year-on-year increase of 25.1%; gross profit was 2.245 billion yuan, with a gross margin of 42.7%. The annual loss attributable to shareholders of the parent company reduced by 0.64 billion yuan compared to the full year of 2023, a year-on-year narrowing of 70.4%. This marks four consecutive accounting years of quarter-on-quarter loss reduction since 2021. Below is a chart to help you understand the performance of FOURTH PARADIGM for the fiscal year 2024.
FOURTH PARADIGM (06682) core Business revenue grew by 46.7% year-on-year, ranking first in IDC's China machine learning platform for six consecutive years.
FOURTH PARADIGM has launched the "FOURTH PARADIGM Prophet AI Platform 5.0," which, based on providing end-to-end capabilities across the computing layer, platform layer, model layer, and application layer, further enhances key capabilities such as AI Agent and GPU resource pooling. According to the latest IDC report, FOURTH PARADIGM has maintained its position as the leading machine learning platform in China for six consecutive years.
FOURTH PARADIGM (06682) expects revenue to exceed 5 billion in 2024, with a year-on-year growth of 25.1%.
FOURTH PARADIGM (06682) released its 2024 full-year performance, with overall revenue steadily increasing. According to the Earnings Reports, the company's total income is 5.261 billion yuan, a year-on-year increase of 25.1%; gross profit is 2.245 billion yuan, with a gross margin of 42.7%.
FOURTH PARADIGM: ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED DECEMBER 31, 2024
