Deepexi Technology (1384) H2 2025 earnings summary

Executive summary

• Revenue grew 70.8% year-over-year to RMB415.0 million, driven by strong demand and customer expansion, especially in FastAGI enterprise AI solutions.

• Gross profit increased 81.1% to RMB228.6 million, with gross margin rising to 55.1% from 51.9% last year.

• Adjusted net loss (Non-HKFRS) narrowed by 71.4% to RMB27.5 million, reflecting improved operational efficiency and reduced impact from non-recurring items.

• The company completed its H-share IPO on the Hong Kong Stock Exchange, raising net proceeds of approximately RMB599.6 million.

Financial highlights

• Revenue: RMB415.0 million (up 70.8% year-over-year).

• Gross profit: RMB228.6 million (up 81.1% year-over-year); gross margin: 55.1%.

• Loss and total comprehensive loss: RMB934.6 million (improved from RMB1,255.0 million last year).

• Adjusted net loss (Non-HKFRS): RMB27.5 million (down from RMB96.4 million).

• Cash and cash equivalents: RMB686.3 million (up 229.4%).

Outlook and guidance

• Plans to focus on data, model, and application engineering to drive AI-driven transformation across industries.

• Intends to continue building scenario-specific AI applications and provide full-cycle enterprise AI deployment services.

• Remaining IPO proceeds will be used for R&D, sales expansion, overseas growth, M&A, and working capital by 2030.