Phancy Group Co., Ltd. (formerly known as “北京第四範式智能技術股份有限公司 Beijing Fourth Paradigm Technology Co., Ltd.”) (6682) noted a recent significant decline in its share price, suggesting that market speculation regarding the rapid iteration of large language models might be raising concerns about the company’s existing business model in the software industry.

According to the announcement, 83.90% of the revenue for the nine months ended 30 September 2025 came from computing-power-related services, which the company states remain well-positioned to benefit from elevated demand tied to large language models. The remaining 16.10% of revenue was attributable to software services. Revenue for the period increased by 36.80% compared to the same period of the previous year. The announcement also confirms that the group achieved quarterly profitability for the first time in the third quarter of 2025.

The board reaffirms that the group’s core focus is providing computing power for AI technology applications across multiple industries. It states that business operations are normal, with no undisclosed inside information. Investors are advised to exercise caution when dealing in the company’s securities.