On November 19, news reports that $FOURTH PARADIGM (06682.HK)$ The company announced that for the first three quarters of 2024, ending September 30, 2024, overall business showed steady growth, and core business performed excellently. The company's total revenue reached 3.218 billion yuan, a year-on-year increase of 26.1%; gross profit was 1.35 billion yuan, a year-on-year increase of 12.5%; during this period, the company's gross margin was 42.0%, remaining stable overall.

During this period, thanks to the steady expansion of the industry large model business and the accelerated implementation of the ecological product, the fourth paradigm's Prophet AI platform business achieved significant growth, with business revenue reaching 2.171 billion yuan, a year-on-year increase of 50.2%, driving steady improvement in company performance. According to reports from the international authoritative research institution International Data Corporation ("IDC"), the fourth paradigm has maintained the top market share in China's machine learning platform for six consecutive years.

The group continues to promote customer group diversification, further deepening its focus on key industries such as transportation, energy electrical utilities, finance, and telecommunications operators, with continued enhancement in customer service depth and user stickiness. During this period, the group's total users numbered 224, with 98 benchmark users, and the average revenue contribution from the benchmark user group was 14.87 million yuan.