On June 26th, Beijing WENGE AI Technology Co., Ltd. (referred to as "WENGE AI") officially commenced trading on the Hong Kong Stock Exchange under the stock code 1956.HK. The company's debut was impressive, with its stock opening sharply higher at HK$110 per share, an 81.22% increase from its issue price of HK$60.70. During the trading session, the share price surged to a peak gain of over 105%.

In his listing ceremony speech, Wang Lei, Chairman of WENGE AI, stated, "Over nine years, we have grown from a laboratory research team into a leading Chinese artificial intelligence enterprise, having developed the decision-making model Decitron and the advanced AI4S model 'Panshi'. As we embark on this new journey today, our aspiration is not merely to build a successful company, but to become a creator in this era of artificial intelligence. We believe the future of AI holds far greater potential than what we see today."

The company's IPO attracted a group of cornerstone investors comprising funds, asset management institutions, and financial investment platforms. This group included six institutions: China Orient International, Harvest International, Qianhai International, Guohui Hong Kong, Huatai Capital, and Minsheng International. Collectively, they subscribed for a total of US$31 million. Prior to the listing, the company had completed multiple funding rounds, securing support from national-level funds, industrial capital, and well-known investment institutions.

WENGE AI was founded in 2017 by a team of scientists from the Institute of Automation at the Chinese Academy of Sciences. The company focuses on providing decision intelligence-related products and services for complex enterprise business scenarios, continuously advancing AI from information processing towards assisting analysis and supporting business decision-making.

According to data from CIC, based on 2025 revenue, WENGE AI ranks first among Chinese enterprise-level large model-driven decision intelligence service providers, holding a market share of 10.2%.

The prospectus shows that from 2023 to 2025, the company's revenue grew from RMB 249.7 million to RMB 405.3 million, an increase exceeding 60%. Its gross profit margin improved to 51.2% in 2025. During the track record period, the company has cumulatively served over 650 corporate and institutional clients while continuously investing in foundational models, decision intelligence platforms, and capabilities for industry-specific application.

On the product front, WENGE AI has built a comprehensive, full-stack AI product system centered on decision intelligence, covering "data-ontology-model-agent." This system includes products such as the DIOS AI Data Operating System, the DIP Decision Intelligence Platform, the Yayi large model, the Panshi scientific foundational large model, the Claworks agent platform, and the Decitron decision engine. This integrated system connects data governance, industry knowledge modeling, large model capabilities, and agent collaboration to provide analytical, reasoning, and decision-support capabilities for complex business scenarios.

It is reported that WENGE AI plans to allocate the proceeds from this listing primarily towards continued investment in foundational models and core R&D capabilities. The funds will also be directed towards expanding product and service offerings, brand building, broadening cross-industry customer coverage, potential strategic investments and acquisitions, overseas expansion, and general operational purposes. As the raised capital is gradually deployed, the company is expected to further strengthen its "model-platform-scenario" capability system, promoting the application of decision intelligence in more industry scenarios.