Zhenkunxing (ZKH.US) closed up more than 9% as first quarter results exceeded expectations
Zhenkunxing has been sought after by funds recently and its stock price has risen.
Zhenkun Bank (ZKH.US) was sought after by funds after its earnings, and its stock price rose on Tuesday. As of the close, it rose 9.44% to $3.13.
On the news front, Zhenkun Bank recently released its first-quarter results, with revenue reaching 1.94 billion yuan during the period, a year-on-year increase of 4%; gross profit margin was 17.2%, and operating losses and net losses narrowed by 37.7% and 26.6% year-on-year in the first quarter, respectively. CICC said that the company's revenue exceeded market expectations, thanks to the better-than-market demand from small and micro enterprises and customers in advantageous industries.
CICC pointed out in its research report that the company's management said at the earnings conference that since the launch of the AI product promotion brain, it has served more than 200 customers and brought about a revenue increase of about 34 million yuan. The company plans to promote it to 14,000 customers; through the introduction of the AI smart workbench, the company's customer service team's per capita order processing volume increased by 60.4% month-on-month in the first quarter. The bank expects that the company's operating leverage is expected to be accelerated under the empowerment of AI.
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