Haiguang Information's 2024 Semi-Annual Report Strong Growth in Revenue and Profit

TapTechNews August 15th news, Haiguang Information today released its semi-annual report for 2024. Haiguang achieved operating income of 3.763 billion Chinese yuan ($535.6 million) from January to June 2024, an increase of 44.08% compared to the same period last year.

Haiguang's net profit attributable to shareholders of the listed company from January to June 2024 was 853 million yuan ($121.4 million), an increase of 25.97% year-on-year; and the non-net profit attributable to shareholders of the listed company was 818 million yuan ($116.2 million), an increase of 32.09% year-on-year.

Haiguang Technology stated in the financial report that from January to June 2024, its operating income achieved relatively rapid growth year-on-year, mainly due to the increase in market demand and the further improvement of customers' recognition of the company's products; at the same time, the company continued to improve product performance, increased the intensity of market expansion, and strengthened the depth and breadth of cooperation with customers and ecological partners, which promoted the relatively rapid growth of the main business.

In terms of R & D investment, Haiguang Technology said that its R & D investment from January to June 2024 increased by 11.54% year-on-year, but due to the faster growth of operating income, the proportion of R & D investment in operating income decreased by 10.64 percentage points to 36.46%.

Haiguang said that its CPU has been applied to industries such as telecommunications, finance, the Internet, education, and transportation.

And its DCU (TapTechNews note: Deep-learning Computing Unit) products are mainly for commercial use in computationally intensive application fields such as big data processing and commercial computing, as well as in large model training, AI, and pan-AI application fields.