HK Stock Market Move | FOURTH PARADIGM (06682) opened nearly 4% higher after the performance report. Revenue for the first three quarters increased by 26%. The revenue from the Prophetic AI platform increased by over 50% year-on-year.

FOURTH PARADIGM (06682) opened nearly 4% higher after its performance report, with a 3.83% increase to HK$38 at the time of writing, with a trading volume of HK$81.13 million. On the news front, on November 19, FOURTH PARADIGM released its core business progress for the period ending September 30, 2024. The company's revenue for the first three quarters of this year was RMB 3.218 billion, a year-on-year growth of 26.1%; gross profit was RMB 1.35 billion, a year-on-year growth of 12.5%. It is reported that the company's core business of Prophet AI platform has shown significant growth, with revenue of RMB 2.171 billion, a year-on-year growth of 50.2%. According to data from the international authoritative research institution International Data Corporation (IDC), FOURTH PARADIGM has maintained the top market share in China's machine learning platform market for six consecutive years. The company continues to optimize key capabilities such as AI Agent and GPU resource pooling in the Prophet AI platform, achieving end-to-end capabilities supply in terms of computing power layer, platform layer, model layer, and application layer. Through the "Prophet Inside model," more than 40 AI products have been efficiently developed, greatly expanding the application boundaries of industrial ecology and AI empowerment across various industries.