Core Viewpoint - Innovation Works (02121) has shown significant improvement in its financial performance, with a notable increase in revenue and a substantial reduction in net losses, driven by its "AI + Manufacturing" strategy [1] Financial Performance - The company reported a revenue of 699 million RMB for the first half of the year, representing a year-on-year growth of 22.3% [1] - Gross profit amounted to 245 million RMB, with a year-on-year increase of 26.7% [1] - Gross margin improved by 1.2 percentage points to 35.0%, marking five consecutive reporting periods of margin enhancement since 2023 [1] - The net cash used in operating activities was 8.4 million RMB, showing a significant improvement of 67.6% year-on-year [1] - Adjusted net loss narrowed significantly to 6.68 million RMB, a year-on-year reduction of 82.1%, with the adjusted loss rate at 0.96% [1] Strategic Initiatives - The company is firmly executing its "AI + Manufacturing" strategy, with manufacturing business revenue projected to reach 556 million RMB in the first half of 2025, reflecting a year-on-year growth of 27.0% [1] - The proportion of manufacturing revenue in total income increased from 76.5% to 79.5%, highlighting it as a core driver of growth [1] - The "One Model, One Body, Two Wings" strategy is accelerating, utilizing the AInnoGC industrial model as a foundation and AI intelligence as the engine to drive the development of industrial robots and industrial software applications [1]
港股异动 | 创新奇智(02121)盘中涨超7% 经调整净亏损改善大幅超预期 “一模一体两翼”战略加速落地