Core Insights - Fourth Paradigm (06682) reported strong growth in its overall business for the fiscal year 2024, achieving total revenue of RMB 5.261 billion, a year-on-year increase of 25.1% [1] - The company emphasizes technology research and development, with R&D expenses amounting to RMB 2.170 billion, representing 41.2% of total revenue [1] - The annual loss attributable to the parent company narrowed by RMB 640 million compared to 2023, a reduction of 70.4% [1] Revenue Breakdown - The core business, the "Prophet AI Platform," generated revenue of RMB 3.676 billion, reflecting a year-on-year growth of 46.7% and accounting for 69.9% of total revenue [3] - The SHIFT Intelligent Solutions business generated RMB 1.022 billion, making up 19.4% of total revenue, but saw a year-on-year decline of 20.3% [5] - The "Prophet AI Platform" continues to support the overall business growth, with the "Saying AIGS" service contributing RMB 563 million, or 10.7% of total revenue [5] Technological Advancements - The company launched the "Prophet AI Platform 5.0" in March 2024, enhancing capabilities for vertical world model development and enterprise-level AI applications [2] - The AI Agent capabilities have been improved to solve complex problems with greater precision, reducing development cycles by over 95% [4] - Fourth Paradigm has maintained its position as the market leader in China's machine learning platform sector for six consecutive years, according to IDC [4] Business Expansion - The company is focusing on the "Agent + World Model" dual-core architecture to advance towards General Artificial Intelligence (AGI) [6] - Numerous enterprise-level AI Agent applications have been developed across various industries, enhancing the overall intelligence rate of enterprises [6] - The company has introduced several user-level Agent solutions, such as smart meeting and desktop AI search tools, to improve operational efficiency [7] Product Innovations - The company launched the "SageOne IA" all-in-one model inference solution, which enhances GPU utilization by over 30% and improves inference performance by 5-10 times [7] - The "ModelHub AIoT" solution allows edge devices to run distilled models offline, addressing deployment complexities [8] - Fourth Paradigm is extending its capabilities into consumer electronics, providing AI Agent-based hardware and software solutions [8]
第四范式(06682)2024年全年业绩：营收同比增长25.1% 至52.61亿元，归母净亏损同比缩窄70.4%