Core Viewpoint - Cloudwalk Technology (云知声) has been included in the Hang Seng Composite Index, effective September 8, 2023, highlighting market recognition of its fundamentals and growth potential [1] Group 1: Financial Performance - In the first half of the year, Cloudwalk achieved revenue of 405 million RMB, a year-on-year increase of 20.2%, supported by its traditional business segments [2] - The daily life solutions segment contributed approximately 83% of total revenue, driven by the implementation of AI large models in vertical fields [2] - The revenue from the smart living business was 335 million RMB, while the smart healthcare business generated about 70 million RMB [2] Group 2: Revenue Quality and Business Transformation - The revenue from Cloudwalk's self-developed "Shan Hai Model" reached 98.76 million RMB, a significant increase of 457.4% compared to the previous year, accounting for nearly 25% of total revenue [4] - This growth indicates a shift in the company's core growth engine and a transition from a labor-intensive project model to a technology-intensive platform/service model [4] - The transformation allows the company to efficiently meet diverse customer needs while reducing reliance on single projects, enhancing business stability and sustainability [4] Group 3: Research and Development Investment - As of June 30, 2025, Cloudwalk's R&D team consists of 312 engineers, making up 68.7% of the total workforce, with R&D expenses of 168 million RMB, representing 41.5% of total revenue [6] - This high level of R&D investment supports a positive cycle of technological breakthroughs and commercial transformation, prompting a reassessment of the company's profit model and valuation logic [6] - With the national "Artificial Intelligence +" strategy in place, Cloudwalk is well-positioned to benefit from the integration of AI into the economy and society, enhancing its growth prospects [6]
云知声正式获纳港股通！“港股AGI第一股”开启智能资本新通道