Core Viewpoint - The stock price of AI unicorn Fourth Paradigm (06682.HK) surged by 11.63% to HKD 44.15 per share, with a market capitalization of HKD 21.8 billion, following the release of its Q1 2025 performance report, which showed strong revenue growth [1][2]. Financial Performance - In Q1, Fourth Paradigm achieved revenue of RMB 1.077 billion, representing a year-on-year growth of 30.1% [3]. - The company's Prophet AI platform generated revenue of RMB 805 million in Q1, a significant year-on-year increase of 60.5%, accounting for 74.8% of total revenue, up from 60.6% in the same period last year [3]. - The SHIFT intelligent solutions segment reported revenue of RMB 212 million, a decline of 14.9%, contributing 19.7% to total revenue [3]. - The AIGS service segment generated RMB 60 million, down 22.0%, making up only 5.6% of total revenue [3]. - Gross profit for Q1 was RMB 444 million, also reflecting a year-on-year growth of 30.1%, with a stable gross margin of 41.2% [4]. Market Position and Strategy - Fourth Paradigm focuses on the B2B decision-making AI market, with its Prophet AI platform being the core of its operations aimed at enhancing enterprise operational efficiency [3]. - The company has a total of 59 benchmark users, with an average revenue contribution of RMB 11.67 million per user, marking a year-on-year growth of 31.3% [4]. - Industry experts highlight Fourth Paradigm's robust performance and its potential to capitalize on the accelerating commercialization of vertical applications in the AI industry [4]. - Longjiang Securities notes that Fourth Paradigm's revenue growth exceeded expectations, emphasizing its rarity in the market and its potential to benefit from the digital transformation wave among Chinese enterprises [4].
Q1业绩亮眼，AI独角兽第四范式狂涨超11%！