Fourth paradigm (06682) rose over 6% again, as of the time of writing, up 6.16%, priced at 46.5 Hong Kong dollars, with a transaction amount of 0.421 billion Hong Kong dollars.
According to Zhixin Finance APP, Fourth paradigm (06682) rose over 6% again, as of the time of writing, up 6.16%, priced at 46.5 Hong Kong dollars, with a transaction amount of 0.421 billion Hong Kong dollars.
In terms of news, Fourth paradigm recently released core business progress for the period ending September 30, 2024. In the first three quarters of this year, revenue was 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%. The company's core business, the Prophet AI platform, saw significant growth, with revenue of 2.171 billion yuan, a year-on-year increase of 50.2%.
The company continues to innovate AI business application models, using the 'Prophet Inside model' to scale and build artificial intelligence products applicable to different scenarios. As of September 30, 2024, under this model, the company has developed over 40 artificial intelligence products. China International Capital Corporation expressed bullish sentiment regarding the company's ecological positioning and product capabilities within the industry, maintaining the company's 'outperform industry' rating.