As of the time of this article, Fourth Paradigm (06682) has risen over 7%, up 7.25% to HKD 42.15, with a turnover of HKD 4.8932 million.
According to the Intelligent Finance and Economics app, Fourth Paradigm (06682) has risen over 7%, up 7.25% to HKD 42.15, with a turnover of HKD 4.8932 million.
In terms of news, Fourth Paradigm recently released its mid-term performance for 2024, with revenue of CNY 1.867 billion, a year-on-year growth of 27.1%; gross profit of CNY 0.79 billion, an increase of 12.1%; adjusted net loss of CNY 0.169 billion, a year-on-year narrowing of 4%. Thanks to the application of the Prophetic product matrix and the large-scale application of the industry's macro model, the company's core business, the Prophetic AI platform, continues to maintain strong growth, with RMB 1.251 billion in income, a year-on-year growth of 65.4%, accounting for a total revenue ratio of 67%.
In addition, since 2019, Fourth Paradigm has achieved a compound annual growth rate (CAGR) of as high as 73.8%, with a customer retention rate of around 90%, and an annual increase in enterprise customer order value of over 15%. It is reported that the company has developed more than 30 AI products in the first half of the year, and together with the 'Paradigm Ecological' partners, as of August 1, 2024, has covered various scenarios in more than 20 industries, including research, production, supply, and sales services. Haitong Securities believes that the company's long-term growth is worth looking forward to.