Hithink RoyalFlush Information Network (300033) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 was ¥1.39 billion, down 5.51% year-over-year due to market volatility and reduced investor demand for financial information services.

• Net profit attributable to shareholders was ¥362.89 million, a 20.99% decrease compared to the same period last year, mainly due to increased R&D and sales expenses.

• The company continued to invest heavily in AI and technology innovation, launching multiple AI-driven products and expanding its financial information ecosystem.

• Maintained leading market position in internet financial information services, with over 62.5 million registered users and broad institutional coverage.

• No interim dividend, bonus shares, or capital increase from reserves planned for the reporting period.

Financial highlights

• Operating income: ¥1,389,443,967.18, down 5.51% year-over-year.

• Net profit attributable to shareholders: ¥362,892,634.66, down 20.99% year-over-year.

• Net profit excluding non-recurring items: ¥344,418,463.91, down 23.26% year-over-year.

• Operating cash flow: ¥304,316,414.49, down 27.75% year-over-year.

• Total assets at period end: ¥8,655,356,010.36, down 12.08% from year-end 2023.

• Net assets attributable to shareholders: ¥6,507,078,235.73, down 11.10% from year-end 2023.

Outlook and guidance

• The company will accelerate integration of AI and large language models into core products, aiming to enhance competitiveness and meet diverse client needs.

• Plans to continue investing in R&D and talent to drive innovation and maintain industry leadership.

• Focus on expanding intelligent wealth management and personalized financial services platforms.