On the evening of August 23, Pingao Co., Ltd. (688227) released the 2024 interim report. During the reporting period, the company achieved revenue of 0.154 billion yuan, an increase of 20.64% year-on-year. As the company's main customers are government institutions and large state-owned enterprises, the acceptance of projects by these clients mainly focuses on the fourth quarter, making the seasonality of revenue recognition more evident for the company. Compared with the same period last year, the company's losses narrowed by 1.1922 million yuan, with continuous improvement in performance.