Core Viewpoint - The company expects a significant reduction in adjusted net loss for the six months ending June 30, 2025, with a decrease of approximately 68% to 73% compared to the same period last year [1] Financial Performance - The adjusted net loss attributable to shareholders is projected to be around RMB 1.52 billion for the same period last year [1] - The growth in revenue and gross profit is driven by strong demand for the company's core product, the Fourth Paradigm Prophet AI platform [1] Operational Efficiency - The increase in overall operating expenses is lower than the growth in gross profit, indicating improved operational leverage [1] - The board attributes the performance improvement to the expanding share of the core business in overall revenue [1]

Core Viewpoint - Fourth Paradigm (06682) anticipates a significant reduction in adjusted net loss, projecting a decrease of approximately 68% to 73% year-on-year for the six months ending June 30, 2025 [1] Group 1: Financial Performance - The primary reason for the expected reduction in loss is attributed to strong demand from enterprise users for the company's core product, the Fourth Paradigm Prophet AI platform, which has driven revenue growth in this key business segment [1] - The revenue contribution from the core business segment continues to expand, positively impacting the overall revenue and gross profit of the company [1] - During this period, the increase in total operating expenses is lower than the growth in gross profit, enhancing the company's profitability through improved operating leverage [1]

Core Viewpoint - Fourth Paradigm (06682) expects a significant reduction in adjusted net loss by approximately 68% to 73% year-on-year for the six months ending June 30, 2025, driven by strong demand for its core product, the Fourth Paradigm Prophet AI platform [1] Group 1 - The main reason for the expected reduction in loss is the robust demand from enterprise users for the Fourth Paradigm Prophet AI platform, which has led to revenue growth in this core business segment [1] - The revenue from the core business segment continues to expand its share of overall revenue, contributing to both overall revenue and gross profit growth for the company [1] - The increase in total operating expenses during this period is lower than the growth in gross profit, enhancing the company's profitability through improved operating leverage [1]

Beijing Fourth Paradigm Technology Co., Ltd. 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 – 1 – 告 所 載 資 料 可 能 有 別 於 將 會 刊 發 之 財 務 資 料。股 東 及 本 公 司 潛 在 投 資 者 務 請 仔細閱讀預期將於2025年8月底之前刊發的本集團截至2025年6月30日止六個月 期 間 之 中 期 業 績 詳 情。 股 東 及 本 公 司 潛 在 投 資 者 於 買 賣 本 公 司 股 份 時 務 請 審 慎 行 事。 北京第四範式智能技術股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：6682） 預期虧損減少 本公告由北京第四範式智能技術股份有限公司（「本公司」，連 同 其 附 屬 公 司 為 「本集團」）根據香港聯合交易所有限公司證券上市規則（「上市 ...

Group 1 - The core point of the article is the announcement of a joint venture agreement between Fourth Paradigm (6682.HK) and Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company focused on AI technology services in the power trading sector [1] - The proposed name for the joint venture is Energy Crystal (Beijing) Technology Co., Ltd. (tentative name) [1] - Upon establishment, Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] Group 2 - The establishment of the joint venture signifies a new height in the integration of "AI + energy storage" technology, aiming for deep exploration and innovative breakthroughs in technology, application scenarios, and industrial ecology [1]

Core Viewpoint - Fourth Paradigm (06682) has announced a joint venture with Beijing Haibo Sichuang Technology Co., Ltd. to establish a company focused on AI technology services in the power trading sector, marking a significant step in the integration of AI and energy storage technologies [1][2] Group 1: Joint Venture Details - The joint venture agreement is set to be established by August 4, 2025, with the proposed name being Energy Crystal (Beijing) Technology Co., Ltd., pending regulatory approval [1] - Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] Group 2: Technological Integration and Collaboration - The establishment of the joint venture signifies a new level of integration between AI and energy storage technologies, aiming for deep exploration and innovative breakthroughs in technology, application scenarios, and industrial ecosystems [2] - The collaboration will leverage Haibo Sichuang's expertise in energy storage system development and management, combined with Fourth Paradigm's leading technologies in AI and smart energy [2] - The partnership will focus on advancing cooperation in power trading and energy storage asset management, exploring multi-scenario applications, and promoting the comprehensive application of AI technologies in the energy storage sector [2]

本文源自：财华网 【财华社讯】第四范式(06682.HK)公布，于2025年8月4日，公司与海博思创订立合资协议，双方拟将成 立合资公司。建议合资公司名称为能量晶体(北京)科技有限公司(暂定名，最终以市场监督管理局审核为 准)。合资公司将主要从事电力交易方向的AI技术服务。合资公司的成立标志着AI+储能;技术融合将在 集团和海博思创的共同努力下迈向新的高度，在技术、应用场景及产业生态等方面实现深度探索与创新 性突破。 公司将持有合资公司19%的股权，其财务业绩将不会并入集团综合财务报表中。公司和海博思创将于可 行情况下尽快成立合资公司。 ...

Core Viewpoint - Fourth Paradigm (06682) has announced a joint venture with Beijing Haibo Sichuang Technology Co., Ltd. to establish a company focused on AI technology services in the power trading sector, marking a significant step in the integration of AI and energy storage technologies [1] Group 1: Joint Venture Details - The joint venture agreement is set to be established by August 4, 2025, with the proposed name being Energy Crystal (Beijing) Technology Co., Ltd. [1] - Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] - The establishment of the joint venture aims to explore and innovate in technology, application scenarios, and industrial ecology in the AI and energy storage sectors [1] Group 2: Strategic Collaboration - The collaboration will leverage Haibo Sichuang's expertise in energy storage system research, production, and lifecycle management, combined with Fourth Paradigm's leading technologies in AI Agent, world models, machine learning platforms, and smart energy [1] - The partnership will focus on advancing cooperation in power trading and energy storage asset management, exploring various application scenarios [1] - The initiative aims to promote the comprehensive application of AI technology in the energy storage field through the deep integration of AI and energy storage, facilitating the intelligent upgrade of energy storage systems across their entire lifecycle [1]

合资公司的成立标志着"AI+储能"技术融合将在该集团和海博思创的共同努力下迈向新的高度，在技 术、应用场景及产业生态等方面实现深度探索与创新性突破。依托海博思创在储能系统研发、生产及全 生命周期管理领域的技术实践，结合集团在AI Agent+世界模型、机器学习平台以及智慧能源领域的领 先技术，该集团与海博思创将在电力交易、储能电站资产运营管理等领域推进合作，针对多场景应用展 开探索，共同推动储能领域人工智能技术的全面应用，通过"AI+储能"的深度融合，助力储能系统全流 程全周期智能化升级。 智通财经APP获悉，第四范式(06682)早盘涨近4%，截至发稿，涨2.95%，报55.8港元，成交额1.92亿港 元。 消息面上，第四范式发布公告，于2025年8月4日，该公司与北京海博思创科技股份有限公司(海博思创) 订立合资协议，内容有关(其中包括)成立合资公司。建议合资公司名称为能量晶体(北京)科技有限公司 (暂定名，最终以市场监督管理局审核为准)。合资公司将主要从事电力交易方向的AI技术服务。于成立 时，该公司将持有合资公司19%的股权，其财务业绩将不会并入该集团综合财务报表中。该公司和海博 思创将于可行情况下 ...

Group 1 - The company has entered into a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company [1] - The joint venture is tentatively named Energy Crystal (Beijing) Technology Co., Ltd., subject to approval by the market supervision administration [1] - The new company will primarily focus on AI technology services in the field of electricity trading [1] Group 2 - The company will hold a 19% equity stake in the joint venture [1] - The financial performance of the joint venture will not be consolidated into the company's overall financial statements [1]