Core Insights - Taoping Inc. reported a 28.4% year-over-year revenue growth, reaching $18.1 million for the first half of 2024, with a notable improvement in profitability, achieving a net income of $0.13 per diluted share compared to a net loss of $1.10 per diluted share in the same period last year [1][4]. Financial Performance - Revenue for the first six months of 2024 was $18.1 million, up from $14.1 million in the same period of 2023, an increase of $4.0 million [3]. - The revenue increase was driven by a $3.2 million rise in product sales, a $1.3 million increase in advertising revenue, and a $0.2 million rise in software revenue, partially offset by a $0.7 million decrease in other revenue [3]. - Cost of revenue was $13.9 million for the first half of 2024, compared to $10.2 million in the same period of 2023, leading to a gross profit margin of 22.9%, down from 27.5% year-over-year [4][12]. - Net profit attributable to the Company was $0.6 million for the first half of 2024, a significant turnaround from a net loss of $1.8 million in the same period of 2023 [4][13]. Business Strategy and Market Position - The Company is focusing on driving revenue growth and improving profitability through expanded product lines and diversified applications, particularly in Smart City products and AI solutions [2]. - Taoping's competitive advantage lies in its scalable and compatible cloud platform, which supports the growing demand for its innovative products [2]. - The Company anticipates slight revenue growth in the second half of 2024, driven by the advertising business and product sales of cloud-based solutions [3].

Core Viewpoint - Taoping Inc. reported a total contract revenue value of approximately RMB 27.4 million (approximately USD $3.8 million) for July 2024, reflecting a 30% growth compared to July 2023, driven by strong demand for AI-based products [1] Group 1: Financial Performance - The company achieved a total contract revenue of approximately RMB 27.4 million (approximately USD $3.8 million) for July 2024, marking a 30% increase from the same month in the previous year [1] - This growth is attributed to the rising demand for AI-related products and services [1] Group 2: Business Strategy and Market Position - The Chairman and CEO of Taoping emphasized the company's confidence in future revenue growth opportunities, driven by macro trends in AI demand and the company's expanded product portfolio [1] - Taoping's AI-powered Smart Terminals are designed to enhance operational efficiency and customer engagement, making them attractive for businesses aiming to optimize their operations [1][2] - The company has developed a comprehensive ecosystem and portfolio that aligns with its smart cloud platform and AI solutions, positioning it well in the market [3] Group 3: Product Features and Benefits - Taoping's AI-powered Smart Terminals enable real-time data collection and analysis, providing valuable insights for informed decision-making [2] - These terminals can autonomously generate advertising content and create tailored promotional strategies, improving engagement and conversion rates for advertisers [2]

Company Overview - Taoping Inc. is a developer of innovative smart cloud platform services, new media, and artificial intelligence solutions [4] - The company has established a city partner ecosystem and a comprehensive portfolio of high-value areas for its products [4] Recent Developments - Taoping announced a new order for enhanced AI-powered Smart Terminals valued at approximately US$600,000 from Lu'an Wanjiang Advertising Media Co., Ltd. [2] - The Smart Terminals will be installed in various locations including supermarkets, office buildings, and residential communities in Lu'an City [2] Market Trends - The advertising terminal market in China is projected to exceed 10 billion RMB by 2026, driven by the upgrading of advertising terminals and the construction of smart cities [3] - Applications utilizing big data and AI technologies, such as touch, voice, and face recognition, are becoming increasingly prevalent in retail environments [3] Strategic Initiatives - Taoping plans to deepen its cooperative relationship with Lu'an Media by leveraging its national city-partner network to expand the implementation of Smart Terminals [3] - The company aims to pursue new large-scale opportunities driven by technology trends to enhance revenue growth and shareholder value [2]

Company Overview - Taoping Inc. reported a total contract revenue value of approximately RMB 140 million (approximately USD $19.3 million) for the first half of 2024, representing a 32% growth over the year-ago period [1] - The company specializes in innovative smart cloud platform services, new media, and artificial intelligence solutions [1][3] Business Performance - The Chairman and CEO of Taoping, Mr. Lin Jianghuai, indicated that AI-based products are driving record growth, with expectations for this trend to continue into the second half of the year [1] - The company believes its current stock price does not fully reflect its strong business fundamentals and is committed to unlocking greater value for shareholders [1] Product Offering - Taoping's AI-powered Smart Terminals enhance efficiency, customization, and engagement for businesses, facilitating rapid interaction, data collection, and analysis [1][2] - These terminals provide real-time data insights, enabling informed decision-making and understanding of customer behavior and preferences [2] Advertising Solutions - The AI-powered Smart Terminals can autonomously generate a wide range of advertising content, allowing for highly tailored promotional strategies [2] - This approach reduces the time and resources required for content creation while increasing engagement and conversion rates [2]

Core Points - Taoping Inc. has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share [1][2] - The company has a compliance period of 180 calendar days until December 18, 2024, to regain compliance [3] - If the company fails to regain compliance, it may be eligible for an additional 180-day grace period under certain conditions [4] Compliance Details - The non-compliance was determined based on the closing bid price for 30 consecutive business days from May 6, 2024, to June 20, 2024 [2] - To regain compliance, the company must maintain a closing bid price of at least $1.00 for a minimum of 10 consecutive business days during the compliance period [3] - The company may consider implementing a reverse stock split to meet the minimum bid price requirement [5] Current Status - The notification does not have an immediate effect on the trading of the company's ordinary shares, which will continue to trade on Nasdaq under the ticker "TAOP" [5] - The company intends to monitor its closing bid price and explore options to regain compliance [5] Company Overview - Taoping Inc. specializes in developing innovative smart cloud platform services, new media, and artificial intelligence solutions [1][6] - The company has established a city partner ecosystem and a comprehensive portfolio of high-value areas for its products [6]

Core Viewpoint - Taoping Inc. reported a significant increase in contract revenue for May 2024, driven by growth in AI-powered products and cloud-based Smart City solutions, indicating strong market demand and customer engagement [1][2]. Financial Performance - Total contract revenue for May 2024 reached RMB 29.8 million (approximately USD 4.1 million), marking a 52% increase compared to May 2023 and a 43% increase from April 2024, which had a revenue of RMB 20.8 million [1]. Product Development - The company’s AI-powered Smart Terminals are a key driver of revenue growth, enhancing user experience through high-end video displays and AI integration, allowing for rapid interaction and data analysis [2]. - These terminals are designed to autonomously generate diverse advertising content, aligning with tailored promotional strategies and significantly improving advertising effectiveness [2]. Market Position - Taoping Inc. has established a comprehensive ecosystem and a strong portfolio of products that cater to both private and public sectors, enhancing its competitive edge in the market [3]. - The company anticipates continued growth in AI-based products, which are expected to play a crucial role in driving revenue in 2024 and beyond [1][2].

Core Viewpoint - Taoping Inc. has secured a new AI-powered Smart Terminal contract valued at over US$1 million and has entered a strategic cooperation agreement with Zhenjiang Fengchao Technology to enhance market penetration of its innovative products [1][2]. Company Overview - Taoping Inc. specializes in developing smart cloud platform services, new media, and AI solutions, aiming to improve communication and marketing effectiveness for clients in both private and public sectors [5][6]. - The company has established a comprehensive ecosystem of city partners and a portfolio of high-traffic areas for its products [5]. Product Development - The newly launched AI-powered Smart Terminals utilize high-end video displays to integrate AI technology, enabling rapid interaction, data collection, and analysis, thereby enhancing user experience [2]. - These terminals are designed to autonomously generate diverse advertising content, including text-to-image, posters, and video ads, which can be customized to align with promotional strategies [2]. Strategic Cooperation - Under the agreement with Zhenjiang Fengchao Technology, the focus will be on boosting sales of the upgraded Smart Terminals in cities such as Zhenjiang, Changzhou, Yangzhou, and Xuzhou [2][3]. - Zhenjiang Fengchao Technology brings over 20 years of experience in real estate marketing and aims to leverage its resources to promote Taoping's AI Smart Terminals within the real estate sector [3][4]. Future Outlook - Taoping plans to continue providing AI technical services through a subscription model and aims to accelerate the deployment of its Smart Terminals across more regions and scenarios nationwide [3]. - The company is optimistic about driving sustainable revenue growth, expanding gross margins, and enhancing shareholder value through its innovative applications and partnerships [3].

Core Insights - Taoping Inc. reported a total contract revenue value of RMB 20.8 million (approximately USD $2.9 million) for April 2024, marking a 25% increase compared to April 2023, driven by innovation and demand for AI-based products [1] - The company emphasizes its strategic focus on AI and cloud-based products, which have been well-received by customers, enhancing efficiency and return on investment [2] Company Overview - Taoping Inc. has a history of leveraging technology to develop innovative solutions for effective communication and marketing in both private and public sectors, supported by a comprehensive portfolio and a city partner ecosystem [3]

Core Insights - Taoping Inc. has launched an upgraded AI-powered smart terminal that integrates Generative Artificial Intelligence (AIGC) with its intelligent cloud platform technology, enhancing the capabilities of smart terminals [1][3] - The new terminals are designed to optimize user experience by enabling rapid interaction, data collection, and analysis, particularly targeting advertisers for autonomous content generation [2][4] Company Developments - The AI-powered smart terminals allow advertisers to create diverse advertising content, including text-to-image, posters, and video ads, which can be customized to align with promotional strategies [2][3] - Initial customer feedback has been positive, indicating that the new terminals can improve efficiency and reduce transaction costs while enhancing customer experiences [3][4] Market Applications - The initial focus on advertising is expected to expand into various sectors such as environmental protection, government affairs, retail, culture, and tourism, indicating a broader market potential for the new technology [3][4] - The integration of 3D simulated digital technology offers innovative interaction methods, allowing advertisers to generate unique IP images tailored to their specific industries [3][4] Technological Advancements - The smart terminals optimize multiple functions, including intelligent settings for advertising categories and cloud storage, enhancing the entire process from content creation to data analysis [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange On Which Registered Ordinary Shares, no par value TAOP NASDAQ Capital Market FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR ...