Shares of Chinese company Z AI rose by nearly three percent. Trading is taking place on the Hong Kong Stock Exchange. The artificial intelligence developer reported its first half results. The company's revenue reached 953.9 million yuan. This figure is equivalent to 142 million dollars. The growth was almost four hundred percent compared to last year. The main driver was the rapid demand for cloud services.
The company's gross profit also demonstrated strong growth. The figure increased by more than one hundred sixty percent. The total reached 251.6 million yuan. The net loss of the developer slightly decreased. It amounted to 2.07 billion yuan. The adjusted net loss, however, widened. The company continues to actively invest in development. Research expenses grew by more than thirty percent. Total costs reached 2.13 billion yuan.
The main income comes from the open platform and software interfaces. Revenue from this segment grew twenty-seven times. The total reached 825.2 million yuan. This segment accounted for more than eighty percent of total revenue. A year earlier, its share was only fifteen percent. Income from corporate agents also increased. The figure grew by more than four times. The total amounted to 55.6 million yuan.
The neural network developer Z AI is actively developing large language models. The company recently released versions GLM-5.3 and GLM-5.3-Flash. The release of new products took place in August of this year. More than 7.4 million users are registered on the company's platform. The audience includes corporate clients and independent developers. The rapid growth of financial indicators supports the stock prices. Investors are responding positively to the successes of the Chinese developer.