Improving demand lifts AInnovation to first-half profit
Enterprise AI solutions provider AInnovation Technology Group Co. Ltd. (2121.HK) said on Tuesday it expects to post an adjusted net profit of between 2 million yuan ($296,000) and 4 million yuan for the six months through June, improving from an adjusted net loss of 6.68 million yuan a year earlier.
The company attributed the improvement mainly to stronger demand and better operating efficiency driven by advances in its platform capabilities and product standardization. It said it would continue using its technology and products to help customers cut costs and improve efficiency, while strengthening the sustainability of its own operations.
AInnovation shares opened higher on Wednesday and were trading at HK$4.03 by the midday break, up 2.54%. The stock is down about 29% since the start of the year.
By Lee Shih Ta
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
RELATED ARTICLES
-
Yonyou IPO tests whether AI will rewrite the software business
600588.SHG -
NEWS WRAP: UISEE makes Hong Kong debut, powered by autonomous driving demand
1511.HK
- As messaging demand shrinks, can AI revive Xuan Wu Cloud?
-
BRIEF: Store expansion lifts Green Tea Group’s profit
6831.HK
-
Improving margins lift Lee & Man Paper’s first-half profit
2314.HK
- Deepexi unearths deep revenue growth in agentic AI wave
- Axera’s revenue jumps 182% in first half on strong AI demand
