logo
Just in:
Leaderless Student Protests Pose New Challenge To National Politics // NINGJI Takes Centre Stage at KLCC, Strengthening Its Position as a Benchmark for Southeast Asian Expansion Through Five Key Localization Strategies // ExfilSquad data leaks substantiate broad breach claims // Sukuk liquidity outpaces Gulf bonds as markets recover // Bora Group Posts Record 2Q26 Revenue and Strong Profits as Margins expand and Operations Resume Demand-Driven Growth // PayerMax Enables Last War to Integrate Rakuten Pay, Expanding Market Access to Japan // Forest City Highlights Nearly 40 International Awards and Certifications // Anthropic weighs $6 billion Decart deal // Oman races to contain spreading tanker oil spill // Leaderless Student Protests Pose New Challenge To National Politics // Russia sends second homebuilt LNG carrier into Arctic // Cambodia Government and Church Leaders Celebrate Opening of Phnom Penh Temple // Google Cloud sets 2027 quantum-security milestone // Firebird launches Armenia AI hub with vast expansion // NINGJI Takes Centre Stage at KLCC, Strengthening Its Position as a Benchmark for Southeast Asian Expansion Through Five Key Localization Strategies // “YOU BRING CHARM TO THE WORLD — The 18th Global Chinese Awards” Concludes in Beijing // Dubai shares retreat as earnings deepen market caution // Minimal Phone 2 shifts focus with AMOLED upgrade // Etiqa Insurance Singapore Appoints Claudia Soh as Chief Executive Officer to Lead Next Chapter of Growth // XTransfer Serves Over 1 Million Enterprise Clients //
0 likes

IGC achieved annual revenue of HK$227 million

Tech-driven investment management business seen rapid growth

Highlights

  • Completed acquisition of Deep Neural Computing Company Limited (DNCC) and expanded tech-driven management business
  • Focus on deep neural networks, artificial intelligence, distributed computing, and quantitative trading algorithms
  • Newly acquired DNCC has contributed HK$9.22 million revenue in merely 3 months
  • Gross profit ratio improved from 0.95% in previous year to 5.76% for the year

HONG KONG SAR – Media OutReach Newswire – 30 September 2024 – International Genius Company (“IGC“; stock code: 0033.HK) announced its annual results for the year ended 30 June 2024 (the “Reporting Period”). During the Reporting Period, the Group’s tech-driven investment management business has achieved rapid growth, driving IGC’s transformation into a global company with financial transaction innovation driven by artificial intelligence(AI).

The total revenue for the Reporting Period was approximately HK$227 million. Among which, the newly acquired Deep Neural Computing Company Limited (“DNCC”) has contributed around HK$9.22 million revenue to the tech-driven investment management segment in merely 3 months. Its income has significantly increased IGC’s profit margins. Gross profit of the year has increased 4 folds during the Reporting Period.

On 22 March 2024, the Group completed the acquisition of DNCC, a leading R&D and application company specializing in artificial intelligence, deep neural networks, distributed computing, and quantitative trading algorithms. DNCC boasts a team of experts with years of experience in AI research development. The acquisition has further enhanced IGC’s capability in R&D and technology, enabling a breakthrough in AI trading algorithms in order to provide a more specialized and efficient solutions for clients’ trading strategies and technology needs.

With the completion of the acquisition of DNCC, IGC has successfully expanded its tech-driven investment management business. The segment has quickly generated income with a high profit margin, and has enhanced the Group’s income structure and quality, laying a solid foundation for IGC’s transformation.

IGC has now established an advanced and mature trading technology system, with deep neural network, distributed computing and quantitative trading algorithm at its core. IGC will continue to develop trading algorithm based on machine learning and deep learning, in order to form our core product “IGC Prophet”. The technology conglomerate will provide clients with customized one-stop AI trading technology solution that can be commercialized and applied to multiple international financial trading sectors, giving our clients an unparallel competitive edge in the global market.

Looking forward, IGC will continue on the path of technology and model innovation. By increasing the Group’s investment in AI and related technology, and focusing on R&D and scalable application of AI trading algorithms in global financial trading, we strive to drive the innovation in financial trading around the world through AI-driven trading tools. This will in turn expand our client network and increase the Group’s income and profit, further enhancing IGC’s competitiveness in the global market.

Hashtag: #InternationGeniusCompany #IGC #ANNUALRESULTS

The issuer is solely responsible for the content of this announcement.

About International Genius Company

The International Genius Company (IGC; stock code: 0033. HK) is a global company with financial transaction innovation driven by artificial intelligence(AI) with top AI R&D capabilities and quantitative trading experience, working to combine advanced technology with market insight and redefine financial asset trading through AI. Based on cutting-edge technologies and massive data analysis capabilities such as deep neural networks and distributed computing, IGC provides algorithmic trading strategies and customized one-stop extensible AI trading technology solutions for investment institutions, asset management companies, family offices, etc

Notice an issue?

Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.

Loading next story…

Related news

Just in:
Google Cloud sets 2027 quantum-security milestone // UAE condemns Iran over attacks on ADNOC vessels // DP World sets $3 billion global expansion drive // XTransfer Serves Over 1 Million Enterprise Clients // Forest City Highlights Nearly 40 International Awards and Certifications // Russia sends second homebuilt LNG carrier into Arctic // Indonesia quake kills at least 20 on Flores // Etiqa Insurance Singapore Appoints Claudia Soh as Chief Executive Officer to Lead Next Chapter of Growth // PayerMax Enables Last War to Integrate Rakuten Pay, Expanding Market Access to Japan // Oil steadies as blockade threat revives supply risk // Sukuk liquidity outpaces Gulf bonds as markets recover // Dubai shares retreat as earnings deepen market caution // ExfilSquad data leaks substantiate broad breach claims // Firebird launches Armenia AI hub with vast expansion // Anthropic weighs $6 billion Decart deal // Messi returns as Inter Miami bow out // FBI and NCAA step up athlete cyber protection // “YOU BRING CHARM TO THE WORLD — The 18th Global Chinese Awards” Concludes in Beijing // Google removes false Altman death claim from search // NINGJI Takes Centre Stage at KLCC, Strengthening Its Position as a Benchmark for Southeast Asian Expansion Through Five Key Localization Strategies //