Company Overview - Taoping Inc. reported a total contract revenue value of approximately RMB 140 million (approximately USD $19.3 million) for the first half of 2024, representing a 32% growth over the year-ago period [1] - The company specializes in innovative smart cloud platform services, new media, and artificial intelligence solutions [1][3] Business Performance - The Chairman and CEO of Taoping, Mr. Lin Jianghuai, indicated that AI-based products are driving record growth, with expectations for this trend to continue into the second half of the year [1] - The company believes its current stock price does not fully reflect its strong business fundamentals and is committed to unlocking greater value for shareholders [1] Product Offering - Taoping's AI-powered Smart Terminals enhance efficiency, customization, and engagement for businesses, facilitating rapid interaction, data collection, and analysis [1][2] - These terminals provide real-time data insights, enabling informed decision-making and understanding of customer behavior and preferences [2] Advertising Solutions - The AI-powered Smart Terminals can autonomously generate a wide range of advertising content, allowing for highly tailored promotional strategies [2] - This approach reduces the time and resources required for content creation while increasing engagement and conversion rates [2]
AI-based Business Drives 32% Growth in Taoping's First Half 2024 Total Contract Revenue Value