According to the Zhitong Finance APP, Fourth Paradigm (06682) rose more than 3%, as of press time, up 3.41%, at HKD 54.65, with a turnover of HKD 4.0615 million.

According to a research report by Haitong Sec, the company's overall Q1 performance has been outstanding, confirming the feasibility of the company's current business model. With more than a decade of accumulation in the field of large-scale modeling, the company is expected to gradually release its potential with the rapid development of the AI industry, becoming an important driving force for the company's performance growth. The company's development is bullish for the year.

The bank pointed out that Fourth Paradigm has released large-scale model inference acceleration cards and inference frameworks, which improve inference performance by 10 times and reduce costs by half. In addition to focusing on the AI platform, the company has also layout in large-scale model inference acceleration cards and inference frameworks, which not only improves the company's business layout, but also brings potential growth points for the company's future.

It is reported that on May 28th, Fourth Paradigm (06682) announced its Q1 2024 business performance, with total revenue of CNY 828 million, up 28.5% year-on-year; gross profit of CNY 341 million, up 21.1% year-on-year. Due to the seasonal and structural fluctuations of the industry, the company's gross margin fluctuated this quarter, with a gross margin of 41.2%.