Hong Kong Stock Market Update: FOURTH PARADIGM's gains have expanded, rising over 35%. In the past five days, the stock price has surged by over 100%. It is a leading enterprise-level artificial intelligence software company in China.
FOURTH PARADIGM's stock price has recently surged, with an increase of over 35%, and a growth of over 100% in the past five days. The company has become eligible for trading under the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect. Analysts believe that this reflects market recognition of the company's future growth prospects, which will help attract more investors. FOURTH PARADIGM is a leading Chinese enterprise-level artificial intelligence software company that has achieved rapid growth in recent years and has a solid path to profitability.
Zhitong App learned that FOURTH PARADIGM (06682) has expanded its gains by over 35%, with a 36.86% increase at the time of publication, reaching HKD 80.75 with a trading volume of HKD 40.45 million. It is worth noting that the company's stock price performance over the past five days has accumulated a growth of over 100%.
On the news front, according to the announcement of the adjustment of Hong Kong Stock Connect targets by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, FOURTH PARADIGM has become eligible for trading under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect starting from March 4. Analysts believe that the "dual inclusion" in the Stock Connect schemes fully reflects the market's recognition of the company's performance and growth prospects, helping to expand the investor base, reach a broader range of investors, and enhance stock trading activity and liquidity.
It is reported that FOURTH PARADIGM was listed on the Main Board of the Hong Kong Stock Exchange on September 28, 2023, as a leading enterprise-level artificial intelligence software company in China. From 2019 to 2022, FOURTH PARADIGM achieved a compound annual growth rate of 88.5%, significantly higher than the industry average of 57.5%; emphasizing technological investment, with a cumulative R&D investment of RMB 3.52 billion over 4 years; with a clear path to profitability, the company has reduced its losses year by year, with a decrease of 9.8% in losses in 2022; in 2023, the company continues to maintain steady growth, with mid-term revenue increasing by 38.7% YoY to RMB 1.468 billion.