Shangtang-Way in the first half of 2022, net loss of 3.21 billion yuan, R & D expenditure 2.04 billion yuan

On August 25, 2022, Shangtang-W (00020.HK), a listed company of Hong Kong stocks, announced the mid-term performance for six months ended June 30, 2022.

For the six months ended June 30, 2022, the total revenue of the group was 1.42 billion yuan, a year -on -year decrease of 14.3%. It was mainly due to the decline in the income of smart cities and smart business. offset.

According to the source, the group's smart commercial income decreased by 12.2%year -on -year to RMB 568 million at the six months ended June 30, 2022; the income of smart cities decreased by 44.8%year -on -year to six months ended June 30, 2022 RMB 434 million; smart life revenue increased by 97.6%year -on -year to RMB 29.2 million for the six months ended June 30, 2022; smart car revenue increased by 71.1%year -on -year to six months ended June 30, 2022. RMB 121 million.

During the period, gross profit was 930 million yuan, a year -on -year decrease of 22.5%, mainly due to the decrease in revenue and sales cost of the group; the gross profit margin dropped from 73.0%of the 6 months ended June 30, 2021 to the end of June 30, 2022 to June 30, 2022. 66.0%of the six months ended, some of which were due to the increase in sales costs due to the increase in sales costs due to customer demand in the first half of 2022.

In the first half of 2022, the Group's R & D expenditure reached RMB 2.04 billion, an increase of 14.9%year -on -year, mainly due to the increase in (i) depreciation and amortization. The increase is basically the same, and (II) has increased professional services and other consulting fees due to the Group's continuous investment in technological innovation. Cumulative research and development investment has exceeded RMB 10 billion since 2018.

For the six months ended June 30, 2022, the Group deducted a shares -based salary expenditure. R & D investment was 1.88 billion yuan, accounting for 133.1%of the income ratio. For the six months ended June 30, 2022, the Group's net loss was 3.21 billion yuan, and the net loss was 2.56 billion yuan.

As of June 30, 2022, the bank deposit, hand cash, structural deposits and bonds and other fixed income products held by the group's fair value summary of the investment in the investment was 19.51 billion yuan.

In terms of business, in the first half of 2022, the group continued to promote the implementation of AI technology in smart business, smart cities, smart life, and smart cars. In the first half of 2022, the revenue contribution of the four major sectors of smart business, smart cities, smart life, and smart cars accounted for 40%, 31%, 21%, and 9%. It is 42%, 46%, 9%, and 4%.

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