FOURTH PARADIGM (06682) achieved steady growth in overall business in the first three quarters, with a gross profit of 1.35 billion yuan, a year-on-year increase of 12.5%.

FOURTH PARADIGM (06682) announced that the company's overall business achieved steady growth in the first three quarters of 2024, with excellent performance in core business. The company's total revenue was RMB 3.218 billion, a year-on-year increase of 26.1%; gross profit was RMB 1.35 billion, a year-on-year increase of 12.5%; and the gross profit margin for this period was 42.0%, remaining stable overall. During this period, benefiting from the steady expansion of the industry's large model business and the accelerated landing of the Fan Ecological Products, FOURTH PARADIGM's Prophet AI platform business achieved significant growth, with revenue reaching RMB 2.171 billion, a year-on-year increase of 50.2%, driving the company's performance steadily improving. According to data from the international research firm IDC, FOURTH PARADIGM has maintained the first place in China's machine learning platform market share for six consecutive years. The company continues to diversify its customer base, focusing on key industries such as transportation, energy and power, finance, and telecommunications, with deepening customer service and increasing user stickiness. During this period, the company had a total of 224 users, with 98 benchmark users, and the average revenue contribution from benchmark users was RMB 14.87 million. The company adheres to innovation-driven development, with R&D expenses reaching RMB 1.373 billion during this period, and the R&D expense ratio was 42.7%. The company's core product "FOURTH PARADIGM Prophet AI Platform" supports the large-scale application of industry models, and the industry's large model development and management platform "Prophet AI Platform 5.0" has achieved end-to-end capabilities supply in terms of computing power layer, platform layer, model layer, application layer, and continuously optimized critical capabilities such as AIAgent and GPU resource pooling. At the same time, through the innovative "Prophet Inside mode," the company has built an artificial intelligence product matrix, efficiently creating more than 40 AI products to meet the needs of enterprises in the construction of industry models for applications, platforms, and infrastructure, expanding the application potential of AI technology empowering various industries.