Launch tech (02488) rose more than 9% in the afternoon, as of press time, it rose 6.53% to HKD 5.06, with a turnover of HKD 7.0633 million.
According to the Zhitong Finance APP, Launch tech (02488) rose more than 9% in the afternoon, as of press time, it rose 6.53% to HKD 5.06, with a turnover of HKD 7.0633 million.
On the news front, Launch tech released its mid-year performance report as of the end of June. The group achieved a revenue of CNY 0.999 billion, a year-on-year increase of 38.53%, and a net profit attributable to its parent of CNY 0.152 billion, a year-on-year increase of 134.41%. The basic earnings per share was CNY 0.367, and the proposed interim dividend was CNY 0.2 per share.
According to the announcement, the main reason for performance growth is the application of intelligent algorithms and AI technology. Based on the intelligent algorithm, the group conducts digital operation, and the overseas business (including overseas e-commerce) in the first half of the year reached a historical high of about 629 million yuan, accounting for 63% of the total revenue. Based on AI technology, the group analyzes user behavior and intelligently prices, effectively enhancing customer payment ratio, and the revenue of software business reached about 81 million yuan in the first half of the year, reaching a new high.