- Fangzhou published an annual results announcement for the year ended Dec. 31, 2025, reporting revenue of RMB3.53 billion, up 30.2%.
- Profit and total comprehensive income was RMB11.83 million, while adjusted net profit (non-HKFRS) was RMB20.4 million.
- Gross profit rose 8.4% to RMB559.44 million, and gross margin was 15.9%.
- Selling and distribution expenses increased 12.8% to RMB401.24 million, while administrative expenses fell 83.8% to RMB147.29 million due mainly to lower share-based compensation.
- Business updates included the launch of the “XingShi” large language model and average MAU of 13.7 million, up 35%.
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