The Zhitong Finance App learned that MagFTSE (02556) increased its increase by more than 10% in the afternoon. As of press release, it had risen 7.96% to HK$50.25, with a turnover of HK$362 million.

According to the news, Maifushi recently announced results. In the first half of the year, the company achieved revenue of 1,960 billion yuan, an increase of 111.2% over the previous year. Among them, AI applications achieved revenue of 1,128 billion yuan, an increase of 123.7% over the previous year, and became the core engine for strong performance growth. The company achieved gross profit of 886 million yuan in the first half of the year, an increase of 96.5% over the previous year, and achieved net profit of 203 million yuan, an increase of 466.1% over the previous year.

Changjiang Securities released a research report saying that at present, the company's AI application revenue has doubled, the number of customers and customer unit prices have increased simultaneously, sales and management expenses have both dropped, human efficiency has jumped, operating cash flow is positive, and commercialization capabilities continue to be verified. We expect the company's AI application business to continue to grow rapidly. We recommend focusing on the long-term growth opportunities brought about by the deepening commercialization of AIAgent, the implementation of the Token economy model, and overseas business expansion.

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