Shulou(Shulou.com)11/24 Report--

On the evening of August 25, Shangtang Technology announced on the Hong Kong Stock Exchange today that the company's total revenue in the first half of 2022 was 1.415 billion yuan, down 14.3% from the same period last year, with a gross profit of 930 million yuan and a gross profit margin of 66.0%. The net loss in the first half of the year was 3.21 billion yuan, and the adjusted net loss was 2.56 billion yuan.

In the six months ended June 30, 2022, Shangtang Technology deducted share-based compensation expenses and invested 1.88 billion yuan in R & D, accounting for 133.1% of the income.

As of June 30, 2022, the aggregate balance of the fair value of bank deposits, cash on hand, structured deposits and investments in bonds and other fixed income products held by the company was 19.51 billion yuan.

The announcement shows that as of June 30, 2022, more than 1.7 billion mobile phones with more than 180 mobile phone models have been pre-installed with various AI algorithms of Shantang, covering mainstream head mobile phone manufacturers.

In addition, the revenue contributions of smart business, smart city, smart life and smart car accounted for 40%, 31%, 21% and 9% in the first half of 2022.

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