Sheng Tong Technology Reports 2024 Growth Driven by Full Stack AI
Chinese AI firm Sheng Tong Technology announced its 2024 results, showcasing a 15.8% revenue increase to 941 million RMB and a 28.6% rise in adjusted net profit, driven by its full stack AI technology.
Sheng Tong Technology (02495.HK) has announced its full-year results for the period ending December 31, 2024. The company reported a 15.8% year-on-year increase in revenue, reaching 941 million RMB, and a 28.6% rise in adjusted net profit to 151 million RMB.
The company attributes its performance to its full stack AI technology, which is deeply integrated into its core business segments. Revenue from urban management and administration increased by 21.0% to 388 million RMB, while the financial sector saw a 19.1% growth to 101 million RMB. Notably, revenue from 'other industries' surged by 139.3%, indicating successful diversification efforts.
Sheng Tong Technology's technological foundation includes its 'Voicecomm Brain' platform, designed for high compatibility with enterprise systems and offering robust performance metrics. Its 'Voicecomm Suites' enable low-code development, facilitating rapid deployment and customization. These technologies have been applied in projects such as the '12345 Intelligent Hotline' to enhance government efficiency.
Looking ahead, the company plans to expand its presence in emerging sectors like energy management and healthcare. Sheng Tong Technology is also pursuing international expansion, establishing a subsidiary in Malaysia to target Southeast Asian markets and exploring opportunities in the Middle East.