HK Stock Market Move | FOURTH PARADIGM(06682) rose more than 4%, with high-speed growth in revenue from the Xianzhi AI platform business. Institutions believe that its market share is expected to continue to increase in the future.

FOURTH PARADIGM (06682) rose more than 4%, and as of the time of publication, it had increased by 4.39% to HK$53.5, with a turnover of HK$400 million. On the news front, in the first three quarters of this year, FOURTH PARADIGM achieved revenue of 3.218 billion yuan, a year-on-year increase of 26.1%, and a gross profit of 1.35 billion yuan, a year-on-year growth of 12.5%. The core business "Prophet AI Platform" achieved revenue of 2.171 billion yuan, a year-on-year growth of 50.2%, accounting for over 67% of total revenue. GF SEC believes that the company's Prophet AI platform and AIGS service emphasizes creating value for enterprise customers, emphasizes the practicality of commercialization, has a clear and sustainable development path, and is expected to drive long-term growth. China Securities Co., Ltd. previously pointed out that as a leader in enterprise-level AI, FOURTH PARADIGM's revenue has continued to grow rapidly in recent years, with net losses narrowing continuously, and its profit model becoming clearer. The number of benchmark customers and revenue are steadily increasing, and downstream industry expansion is progressing smoothly. The large models and AIGS service platform launched in 2023 have opened up market space for generative AI, and with its strong capabilities in enterprise-level data, pain points, and software, the company is expected to continue to increase its market share in the future.