Bairongyun Chuang (Stock Code: 6608) announced its unaudited interim results for the six months ended June 30, 2024. During the period, the company's revenue reached RMB 1,321.35 million, an increase of 6% year-on-year. In particular, the Business as a Service (BaaS) revenue performed strongly, with a 20% year-on-year growth in BaaS-Cloud revenue in the financial industry. However, operating profit and net profit for the period decreased by 26% and 31% respectively, to RMB 156.83 million and RMB 142.83 million. Non-International Financial Reporting Standards (IFRS) profit also decreased by 13% to RMB 197.48 million. The company stated that despite industry headwinds, it achieved steady growth and continued profitability through the application of artificial intelligence (AI) technology. During the reporting period, the company made progress in AI...Show More

Bairongyun Chuang (Stock Code: 6608) announced its unaudited interim results for the six months ended June 30, 2024. During the period, the company's revenue reached RMB 1,321.35 million, an increase of 6% year-on-year. In particular, the Business as a Service (BaaS) revenue performed strongly, with a 20% year-on-year growth in BaaS-Cloud revenue in the financial industry. However, operating profit and net profit for the period decreased by 26% and 31% respectively, to RMB 156.83 million and RMB 142.83 million. Non-International Financial Reporting Standards (IFRS) profit also decreased by 13% to RMB 197.48 million. The company stated that despite industry headwinds, it achieved steady growth and continued profitability through the application of artificial intelligence (AI) technology. During the reporting period, the company made progress in AI technology applications, intelligent voice large-scale model iterations, and expanded its services to diverse areas such as e-commerce and human resources. In addition, the company repurchased shares after the reporting period and did not declare any dividends. The company will continue to invest in research and development, and extend the expected timeline for the use of the proceeds from the initial public offering.