On March 25th, AINNOVATION (02121) released its 2025 annual results report. Through the deep implementation of its "One Model, One Body, Two Wings" strategy and the large-scale application of large model agents, the company successfully achieved its annual goal of "shifting from defense to offense and returning to growth." The report showcased a performance marked by increases in both revenue and gross profit, a significant narrowing of losses, and simultaneous optimization of business structure and operational quality. Data indicates that the company's core financial metrics for the full year reached historical highs, with revenue from AI+Manufacturing rising to 80.9%, becoming the absolute core of performance growth and highlighting its capability in technology implementation and commercial monetization within the industrial intelligence sector.

The continuous strengthening of its technological foundation was key to AINNOVATION's performance breakthrough in 2025. Facing an industry trend where intelligent transformation in manufacturing is entering a deep-water zone, the company moved beyond the limitations of single-point applications from the AI 1.0 era. Leveraging its AInnoGC industrial large model technology platform and enterprise-grade agent platform as dual core technological foundations, it implemented the "One Model, One Body, Two Wings" strategy. This strategy focuses on two primary application directions: industrial software and industrial robots, achieving large-scale AI deployment through platform-based technology and systematic application. This strategic layout not only enabled the widespread adoption of solutions like intelligent molten iron transport, smart detection systems, and AI+MOM, but also earned industry recognition for the company's technical strength. IDC data shows AINNOVATION firmly holds the top spot in market share for industrial large model applications in China, while also ranking third in both the computer vision and machine learning platform markets. In 2025, the company successfully entered the Fortune China Tech 50 list, further solidifying its position as an industry benchmark.

In the core segment of AI+Industrial Software, AINNOVATION has reconfigured the industry's underlying logic with its agent platform, successfully addressing key technical pain points in the industrial sector. To tackle industry challenges such as general AI tools' inability to understand industrial semantics and the difficulty in converting underlying data into decision-making basis, the company introduced an ontology management module into its enterprise-grade agent platform. This created a core cognitive foundation—the industrial ontology agent—that transforms complex data from equipment and processes into a business language understandable by machines, bridging the gap between domain knowledge and intelligent technology. Currently, these agents are deeply embedded in a full suite of manufacturing production management software centered around MOM (Manufacturing Operations Management), enabling intelligent restructuring of core processes like energy, equipment, and warehousing. Notably, in collaboration with Bentley, the company launched iPID, the industry's first agent-driven generative AI industrial design product, which enables reverse modeling from industrial design drawings, filling a market gap. Furthermore, agent technology is being extended into financial services, providing data governance solutions for multiple financial institutions and becoming a new growth driver for the company.

Technological breakthroughs and scenario implementation in the AI+Industrial Robotics sector provided another significant impetus for AINNOVATION's growth. The company's core product, ChatRobot, underwent comprehensive upgrades in 2025 to its three core modules: control system, intelligence system, and data system. Anchored by the development goals of high generalization capability and multi-scenario deployment, it achieved commercial implementation across various industrial settings. In high-risk operations, an intelligent uncoupling robot for wagon tipplers enables unmanned replacement, while a UAV inspection system constructs a low-altitude intelligent sensing network for steel enterprises. An intelligent charging robot for locomotives achieves autonomous refueling. In extreme working conditions, specialized robots have been successfully deployed for underwater infrastructure inspection and emergency rescue, validating the environmental adaptability and decision-making capabilities of the company's technology. In the core areas of industrial quality inspection and production line assembly, the company has developed a high-end, integrated software-hardware inspection equipment system through the deep integration of multimodal large models and hardware devices. This system achieves ultra-sensitive detection in semiconductors and full-scenario adaptation for automotive assembly SOPs, addressing traditional inspection pain points.

The large-scale implementation of technology directly translated into comprehensive improvements in operational data. Financially, AINNOVATION achieved operating revenue of RMB 1.513 billion in 2025, a year-on-year increase of 23.8%. Gross profit reached RMB 529 million, up 25.1% year-on-year, with gross profit growth outpacing revenue growth, indicating high-quality growth. The gross profit margin increased to 35.0%, up 0.4 percentage points from the previous period, marking a steady increase for six consecutive years. Improvement on the profitability front was even more pronounced, with the company's adjusted net loss narrowing to RMB 66 million, a reduction of 44% year-on-year, reflecting a substantial enhancement in operational efficiency.

At the client level, the company achieved dual improvement in both scale and quality, laying a foundation for sustainable growth. The total number of clients increased to 633 in 2025, a growth of 21.5% year-on-year, indicating continuous expansion of its client base. Concurrently, revenue quality improved steadily, with premium clients contributing 72.8% of revenue. The revenue-based customer retention rate reached 50.9%, with the high retention rate confirming market recognition for the company's products and services and reflecting the high stickiness of clients in the industrial intelligence sector.

Commenting on the 2025 performance, Xu Hui, Executive Director and CEO of AINNOVATION, stated that the company's "One Model, One Body, Two Wings" strategy has begun to show results. By optimizing the business structure and strictly controlling operational risks, the company achieved improvements in both operational quality and efficiency, driving overall financial metrics to record highs. Looking ahead, the company will continue to focus on the main track of AI+Manufacturing, persistently broaden the application scenarios for artificial intelligence across industries, ensure high-quality operations through a steady development pace, and continue to create value for all stakeholders.

The intelligent transformation of manufacturing is currently transitioning from isolated attempts to systematic application, with industrial large models and agents becoming core drivers of industry development. Companies possessing both implementation capabilities and scenario expertise are poised to benefit fully from this industry dividend. Leveraging its leading position in industrial large models and its deep layout in AI+Industrial Software and AI+Industrial Robotics, AINNOVATION has established a virtuous cycle between technology and commerce. The comprehensive quality improvement evident in this set of results is a direct reflection of its technology implementation capabilities. As the demand for manufacturing intelligence continues to grow, the company's large-scale commercial deployment is expected to accelerate further, unlocking greater development potential in the industrial intelligence landscape.