Shangtang-W (00020) rose more than 5%. As of press release, it rose 5.08% to HK$0.62, with a turnover of HK$884.926 million.
The Zhitong Finance App learned that Shangtang-W (00020) rose by more than 5%. As of press release, it had risen 5.08% to HK$0.62, with a turnover of HK$884.926 million.
According to the CITIC Construction Investment Research Report, Shangtang has redivided the business segment and clarified three major business directions: generative AI, traditional AI, and smart cars. Among them, generative AI revenue reached 1,184 billion yuan, a year-on-year increase of 200%, accounting for 35% of the Group's total revenue.
According to the bank, the company proactively invests in and operates the largest AI-specific infrastructure SenseCore device in China to help it gain a first-mover advantage in computing power in the transformation and upgrading of AI 2.0, and has achieved remarkable results in basic model development and generative AI applications. The revenue and share of the generative AI business is expected to continue to increase, and the scale effect will help the company gradually narrow its losses.