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Haiguang Information: Haiguang Information Technology Co., Ltd. 2024 Annual Performance Report Announcement
Haiguang Information Technology Co., Ltd. 2024 Annual Performance Report Announcement
Haiguang Information's revenue and net profit are expected to grow by 50% in 2024, and domestic computing Hardware may benefit from major AI investments.
① Haiguang Information achieved a total revenue of 9.162 billion yuan in 2024, with a year-on-year growth of 52.40%, and the Net income attributable to shareholders grew by 52.73% year-on-year; ② Haiguang Information announced this month that its computing power chip products have completed the adaptation and optimization for the DeepSeek-Janus-Pro multimodal large model.
Express News | Hygon Information Prelim 2024 Net Profit up 52.7% Y/Y
Haiguang Information (688041.SH): Net income for 2024 is 1.929 billion yuan, an increase of 52.73% year-on-year.
On February 24, Gelonghui reported that Haiguang Information (688041.SH) announced its performance report for the fiscal year 2024. During the reporting period, the company achieved revenue of 9,162.1481 million yuan, an increase of 52.40% compared to the same period last year; achieved a net income attributable to the owners of the parent company of 1,929.2473 million yuan, an increase of 52.73% compared to the same period last year; achieved a net income attributable to the owners of the parent company after deducting non-recurring gains and losses of 1,814.0345 million yuan, an increase of 59.64% compared to the same period last year. At the end of the reporting period, total assets were 28,557.7488 million yuan, an increase compared to the beginning of this reporting period.
Alibaba's performance and commitment to AI spending boost confidence, leading Hong Kong's main Index to rise to about a three-year high.
Fueled by Alibaba's strong performance, the Hong Kong stock market regained its upward momentum on Friday, leading gains in Asia. The Hang Seng TECH Index closed up over 6.5%, and A-shares also rose, driven by the Technology Sector. The Hang Seng TECH Index recorded its largest increase since early October last year, while the Hang Seng Index and Hang Seng China Enterprises Index rose by around 4%, reaching approximately three-year highs. Alibaba's Hong Kong stock followed the overnight gains of Chinese concept stocks, rising nearly 15% to a three-year high, with trading volume reaching a historic peak. The SSE Science and Technology Innovation Board 50 Index in A-shares surged nearly 6%, marking the largest increase in over four months, with leading gains from computing stocks like Cambricon and Hygon Information, as Alibaba indicated future intentions.
With Hygon Information Technology Co., Ltd. (SHSE:688041) It Looks Like You'll Get What You Pay For
