Yidu Tech Marks a Milestone: Operational Efficiency and AI Innovations Lead Growth

Yidu Tech Inc. unveiled its latest annual results, showcasing significant strides in operational efficiency and AI technology advancements. The company achieved a record-high gross profit margin of 42.1% and reduced net loss by 64.8% year-on-year. With a focus on large language models in healthcare, Yidu Tech aims to maintain its leadership position.

Yidu Tech Inc. has reported its annual results for the fiscal year ending March 31, 2024, revealing remarkable improvements in operational efficiency and advancements in AI technology. Key metrics include a record-high gross profit margin of 42.1% and a 64.8% reduction in adjusted net loss year-over-year. According to the management, the Company's 'Focus' strategy was pivotal in achieving these milestones.

During the reporting period, Yidu Tech's revenue reached RMB 807.1 million. The company narrowed its adjusted net loss from RMB 448.7 million to RMB 158.1 million. Investment in AI, particularly in developing and commercializing a proprietary large language model for medical applications, has been a cornerstone of Yidu Tech's strategy to maintain industry leadership. The company's operational cash flow also showed steady improvement, highlighting its financial health.

Renowned sovereign fund BIA increased its stake in Yidu Tech by 21.50% over two months, reflecting confidence in the company's growth potential. Additionally, YiduCore, Yidu Tech's AI medical brain, made breakthroughs in functionality and efficiency, processing over 5 billion medical records and earning high rankings on the MedBench evaluation platform. Yidu Tech's overarching aim is to revolutionize the healthcare ecosystem through AI, ensuring sustainable growth and increased value for shareholders.

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