Hithink royalflush information network stated that the decrease in net income was mainly due to the impact of capital markets volatility on the demand for financial information services and the increase in the company's investment in the ai big model field. Hithink royalflush information network's top ten circulating shareholders have newly entered the Abu Dhabi Investment Authority and hold approximately 5.027 million shares.
Due to the volatility of the capital markets affecting the demand for financial information services and the company's increased investment in artificial intelligence, Hithink RoyalFlush Information Network's third-quarter revenue increased only slightly year-on-year, with a slight decline in net income.
On the evening of October 23, Hithink RoyalFlush Information Network disclosed its third-quarter report.
1) Key Financial Figures:
Third-quarter revenue was 0.945 billion yuan, a year-on-year increase of 4.81%;
Net income attributable to shareholders of the listed company was 0.288 billion yuan, a year-on-year decrease of 7.47%;
Basic earnings per share were 0.54 yuan, a year-on-year decrease of 7.28%.
In the first three quarters, Hithink RoyalFlush Information Network achieved revenue of 2.335 billion yuan, a year-on-year decrease of 1.59%; net income attributable to shareholders of listed companies was 0.651 billion yuan, a year-on-year decrease of 15.53%.
Hithink RoyalFlush Information Network stated that the main reason for the decrease in net income was the impact of capital market fluctuations on financial information service demand, and the increase in investment in the field of artificial intelligence large models by the company.
In the first three quarters, capital markets experienced a certain degree of volatility, and investor demand for financial information services was significantly affected. However, the company overcame various difficulties, and all business operations ran smoothly.
At the same time, the company focused its resources on investing in the field of artificial intelligence large models, especially increasing investment in data procurement, data organization, and other aspects. In addition, in order to expand market share and increase sales promotion efforts, sales expenses also increased accordingly.
According to the financial report, Hithink RoyalFlush Information Network's operating costs for the first three quarters of this year were 0.334 billion yuan, an 18% year-on-year increase; research and development expenses were 0.885 billion, slightly higher than the 0.873 billion yuan in the same period last year.
In the first three quarters, the company obtained 37 new software copyrights registrations, with a total of 516 software copyrights registrations; obtained 44 new invention patent authorizations (including 4 patents in the USA), with a total of 105 invention patent authorizations (including 20 patents in the USA).
In addition, Hithink RoyalFlush Information Network's top ten circulating shareholders welcomed a new entry from the Abu Dhabi Investment Authority, holding approximately 5.027 million shares, with a shareholding ratio of 0.94%.
As of today's closing, Hithink Royalflush Information Network fell by 0.84%, to 200 yuan per share, nearly doubling since September.
