Summary by Futu AI
Bairong Yun Chuang (the "Company") released its interim report in 2024, showing the company's steady revenue growth and profit level. During the reporting period, the company's revenue reached 1,321.35 million RMB, a year-on-year increase of 6%. The non-International Financial Reporting Standards (IFRS) profit was 197.48 million RMB, and the non-IFRS profit margin reached 15%, similar to the full-year level of last year. The company's main business includes MaaS (Model as a Service) and BaaS (Business as a Service), and has made progress in the application of AI technology. During the period, the company successfully combined intelligent voice applications with large models, launched the commercial version, and conducted intentional communication with customers. The comprehensive financial condition of the company as of June 30, 2024, shows non-current assets of 1,235.52 million RMB, current assets of 4,294.03 million RMB, current liabilities of 944.64 million RMB, and non-current liabilities of 26.17 million RMB. As of the end of the reporting period, the net proceeds from the unused initial public offering amounted to 1,305.72 million RMB.
