In the first half of the year, the gross profit margin of Shangtang Technology was 66%, down 7% year-on-year. Shangtang Technology said that the decline in gross profit margin was partly due to the increase in the proportion of hardware costs in sales costs caused by customer demand in the first half of 2022.
In terms of revenue proportion, in the first half of the year, the revenues of the four major businesses in Shang Tang were 40%, 365, 438+0%, 265, 438+0% and 9% respectively. Among them, smart life business increased by 98%, smart car business increased by 765,438+0%, and smart business and smart city business declined.
In this regard, Shang Tang attributed it to epidemic factors. On the one hand, the epidemic has affected the progress of smart city construction; On the other hand, the epidemic affected the delivery and deployment of Ark products of Shang Tang enterprises and delayed the confirmation of sales revenue.
The annual report shows that in the six months to June 30th, 2022, Shang Tang spent 65.438+88 billion yuan on R&D, accounting for 654.38+0.33+0% of its income. By June 30, 2022, Shang Tang had accumulated global patent assets 12502, with 2 new patents136.
As of June 30, 2022, the fair value of fixed-income products such as bank deposits, cash on hand, structured deposits and investments in bonds held by Shangtang Technology Co., Ltd. was1951million yuan.
At the end of last year, Shang Tang finally successfully boarded the Hong Kong Stock Exchange, becoming the first listed company among the "CV Four Little Dragons", which also kicked off the entry of AI start-ups into the capital market. Although Shang Tang's share price once exceeded HK$ 300 billion at the beginning of listing, it has been falling all the way since then. Especially affected by the lifting of the ban on June 30th this year, Shang Tang's share price plummeted by 46% a day.
As of press time, Shang Tang's share price fell by 2.98%.