On the evening of August 27, Shangtang announced its semi-annual report results.
Data shows that in the first half of 2024, Shangtang Group achieved revenue of 1.
74 billion yuan, a year-on-year increase of 21%.
of which, the revenue from the generative AI segment was nearly 1.
1 billion yuan, a year-on-year increase of 256%, accounting for more than 60% of the company’s total revenue.
In terms of profit, the company achieved a gross profit of nearly 800 million yuan during the reporting period, a year-on-year increase of 18%, and a gross profit margin of 44%.
In addition, Shangtang disclosed that during the reporting period, more than 3000 leading companies in the industry used Shangtang’s large model and smart computing services.
According to a recent report released by IDC, Shangtang’s large model platforms and applications rank second in the industry with a market share of 16%, and smart computing services rank among the top three in the industry with a market share of 15.4%. Tuyuan Shangtang Technology, in the field of intelligent driving, Shangtang also performed well, and the revenue of “Jueying” doubled to 170 million yuan.
Specifically, in the first half of this year, Shangtang Jueying achieved new mass production delivery of 705,000 vehicles, an increase of 80% compared with the same period last year.
so far, Jueying has delivered a total of 2.
6 million vehicles, covering 104 models.
Tuyuan Shangtang Technology, Shangtang officially launched the “SenseAuto” smart car platform in 2021, building three complete business segments: SenseAuto Cabin June-Shadow smart cabin, SenseAuto ADAS June-Shadow mass production intelligent driving, and SenseAuto V2X June-Shadow vehicle-road collaboration.
Today, Shangtang Jueying’s business is growing rapidly.
It not only participates in the overseas projects of many Chinese car companies, but also completes difficult real vehicle tests in UniAD, an end-to-end autonomous driving solution, demonstrating its intelligent driving capabilities to the outside world.
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