Hong Kong – Deepexi Technology Co., Ltd. (“DEEPEXI TECH”, HKEX: 01384) reported FY2025 results for the year ended 31 December 2025, marking its first post-listing annual disclosure since debuting on the Main Board in October 2025.

Revenue and Gross Profit • Consolidated revenue surged 70.8% year on year to RMB414.99 million, driven by robust demand for AI solutions. • Gross profit rose 81.1% to RMB228.56 million, pushing gross margin up 3.2 percentage points to 55.1%.

Business Mix Shift Toward AI Solutions • FastAGI enterprise AI solution revenue expanded 181.5% to RMB254.47 million, now contributing 61.3% of total sales (2024: 37.2%). • FastData enterprise data intelligence solution revenue edged up 5.2% to RMB160.53 million, representing 38.7% of group turnover. • Customer base grew 46.1% to 130 enterprises, with FastAGI customers tripling from 20 to 70.

Profitability and Non-HKFRS Measure • Statutory loss and total comprehensive loss narrowed 25.5% to RMB934.56 million (2024: RMB1.25 billion), aided by a 36.4% reduction in fair-value losses on preferred share liabilities to RMB735.15 million. • Adjusted net loss (non-HKFRS) contracted 71.4% to RMB27.54 million after adding back RMB115.26 million share-based payments, RMB735.15 million fair-value changes on preferred shares and RMB56.62 million listing expenses.

Operating Expenses • Selling & marketing costs rose 18.5% to RMB105.58 million, reflecting higher headcount and travel outlays. • Administrative expenses jumped 330.3% to RMB212.20 million, mainly due to share-based payments and IPO-related fees. • R&D spending increased 32.3% to RMB107.71 million, aligned with intensified investment in large-model training and solution testing.

Cash Flow and Balance Sheet • Net cash outflow from operations widened to RMB198.90 million (2024: outflow of RMB117.72 million). • Cash and cash equivalents expanded to RMB686.34 million (31 Dec 2024: RMB208.32 million), boosted by HK$657.28 million (approximately RMB599.64 million) net IPO proceeds. • Interest-bearing bank borrowings stood at RMB60.89 million; all are short-term and RMB-denominated. • Net current assets reached RMB813.09 million, versus a RMB3.69 billion deficit a year earlier. Total equity turned positive at RMB829.84 million (31 Dec 2024: negative RMB3.68 billion). • Gearing ratio dropped sharply to 23.4% from 965.3% after conversion of preferred shares and fresh equity capital.

Segment & Operational Metrics • Inventories decreased 32.9% to RMB9.76 million as project deliveries accelerated. • Trade and bills receivables rose 85.0% to RMB307.61 million, reflecting higher sales; impairment provisions remained stable at RMB18.94 million. • Trade and bills payables climbed 33.6% to RMB111.70 million, mirroring increased procurement volumes.

Capital Expenditure and Commitments • FY2025 capex totaled RMB5.70 million, mainly for computing infrastructure and office upgrades. • No significant capital commitments, acquisitions or disposals were reported during the period.

Dividend and Outlook The Board did not recommend a dividend for FY2025. Management reiterated plans to channel IPO proceeds into R&D (40%), domestic sales expansion (30%), overseas growth (15%), M&A opportunities (5%) and general working capital (10%), with utilisation expected by end-2030.

DEEPEXI TECH aims to advance its Deepexi enterprise large model, enhance data-model-application engineering capabilities and deepen industry integration to capture ongoing AI-driven digital transformation opportunities.