DEEPEXI TECH (01384) saw its share price jump more than 10% before noon, trading up 7.06% at HK$34.90 as of the time of writing, with a turnover of HK$95.609 million.

The company recently reported its interim results, attributing the significant revenue growth to the upgrade of its FastAGI enterprise-level AI solution to the DeepexiOS platform. Revenue for the period reached RMB 284 million, a year-on-year increase of 115%. Notably, AI business revenue surged 209.2% year-on-year to RMB 226 million.

The company's adjusted net loss narrowed by 48.5% year-on-year, while the total net loss decreased by 89.6% compared to the same period last year. On a quarterly basis, the company achieved profitability in the second quarter, posting a net profit of approximately RMB 30.1 million. The high-margin AI business, with its increasing revenue share, drove gross profit to RMB 160 million in the first half, up 120.5% year-on-year, pushing the overall gross margin from 55.0% in the same period of 2025 to 56.5%, a rise of 1.5 percentage points.