Shangtang Group Co., Ltd. (the "Company") has announced the unaudited interim performance for the six months ended June 30, 2024. During the period, the company's revenue reached RMB 1,739.7 million, a year-on-year increase of 21.4%. Among them, the revenue of generative AI business reached RMB 1,051.2 million, a year-on-year increase of 255.7%, becoming the leading business of the group. The revenue of smart automotive business also achieved RMB 168.1 million, a year-on-year increase of 100.4%. Despite a 6.1% year-on-year increase in research and development expenses to RMB 1,892.2 million, the company's loss for the period decreased by 21.2% to RMB 2,477.2 million. The company actively optimizes operating expenses and provides comprehensive enterprise-level generative AI solutions through a partner network. The company has not declared an interim dividend.

Shangtang Group Co., Ltd. (the "Company") has announced the unaudited interim performance for the six months ended June 30, 2024. During the period, the company's revenue reached RMB 1,739.7 million, a year-on-year increase of 21.4%. Among them, the revenue of generative AI business reached RMB 1,051.2 million, a year-on-year increase of 255.7%, becoming the leading business of the group. The revenue of smart automotive business also achieved RMB 168.1 million, a year-on-year increase of 100.4%. Despite a 6.1% year-on-year increase in research and development expenses to RMB 1,892.2 million, the company's loss for the period decreased by 21.2% to RMB 2,477.2 million. The company actively optimizes operating expenses and provides comprehensive enterprise-level generative AI solutions through a partner network. The company has not declared an interim dividend.