Financial Performance - For the fiscal year ending December 31, 2025, the company reported a revenue of RMB 621.1 million, representing a year-on-year growth of 23.4%[3] - The adjusted net profit for 2025 was RMB 24.1 million, an increase of 42.6% compared to RMB 16.9 million in 2024[3] - The company's revenue for the reporting period was RMB 621.1 million, an increase of RMB 118.0 million (approximately 23.4%) from RMB 503.1 million in 2024, primarily driven by increased revenue from Atlas graph solutions and Atlas intelligent agents[19] - Total revenue for 2025 reached RMB 621.1 million, a 23.4% increase from RMB 503.1 million in 2024[68] - Revenue from Atlas mapping solutions was RMB 475.3 million, up 14.1% from RMB 416.6 million in 2024[68] - Revenue from Atlas intelligent systems increased significantly to RMB 145.7 million, a 68.5% rise from RMB 86.6 million in 2024[68] - The company reported a net loss of RMB 205.3 million for 2025, compared to a net loss of RMB 93.7 million in 2024, indicating a significant increase in losses[54][56] - The annual loss increased by 119.0% from RMB 93.7 million in 2024 to RMB 205.3 million in 2025[33] Customer Growth - The number of customers served by the company increased to 212, reflecting a growth of 24.0% year-on-year[4] - The company achieved revenue of 475.3 million RMB from the Atlas Graph solution in 2025, serving 172 clients with an average revenue per client of 2.8 million RMB[10] - The Atlas intelligent solution generated revenue of 145.7 million RMB in 2025, with 40 clients and an average revenue per client of 3.6 million RMB[11] - By the end of 2025, the company aims to serve over 400 industry-level clients, with an average revenue per client of 3.0 million RMB[10] - The company has achieved a 50% conversion rate of Atlas Graph solution clients to Atlas intelligent solution clients, indicating strong customer retention[11] Product Development and Innovation - The core growth driver, the Atlas intelligent solution, achieved a revenue of RMB 145.7 million, marking a significant increase of 68.4%[4] - The company launched a new version of the AtlasGraph database, enhancing core functionalities and significantly improving system stability and processing efficiency[7] - The company has developed a core technology base for intelligent agents, integrating autonomous code generation and self-evolving capabilities, aimed at addressing complex business challenges in key industries[8] - The company is leading a national-level major project focused on key technologies for next-generation multimodal databases, recognizing their importance for enterprise-level AI implementation[6] - The company aims to deepen its technological advantage in "graph-model fusion" and enhance AI productivity by increasing R&D investment and collaborating with leading large language model vendors[15] Financial Position and Cash Flow - Cash and cash equivalents increased from RMB 176.0 million as of December 31, 2024, to RMB 442.6 million as of December 31, 2025, mainly due to new funding of RMB 250.0 million from pre-IPO investors[36] - The company had no external borrowings or loans as of December 31, 2025[37] - Total assets as of December 31, 2025, were RMB 886.7 million, an increase from RMB 597.0 million in 2024[57] - Current liabilities totaled RMB 2,367.8 million in 2025, compared to RMB 1,974.5 million in 2024[57] Expenses and Losses - The cost of sales rose by about 9.8% from RMB 320.7 million in 2024 to RMB 352.1 million in 2025, aligned with the increased demand for Atlas's solutions[22] - Sales and marketing expenses rose by RMB 19.8 million (approximately 29.2%) to RMB 87.6 million, primarily due to increased share-based payment expenses and employee benefits[24] - General and administrative expenses surged by RMB 67.1 million (approximately 119.9%) to RMB 123.1 million, largely due to IPO-related expenses and increased share-based payments[25] - Research and development expenses increased by RMB 39.2 million (approximately 64.6%) to RMB 99.9 million, driven by heightened demand for AI solutions and increased employee compensation[26] - Impairment losses on financial and contract assets rose significantly from RMB 3.4 million in 2024 to RMB 19.3 million in 2025, attributed to a substantial increase in trade and other receivables[27] Market Expansion and Strategy - The company has made significant progress in overseas markets, particularly in Hong Kong, leveraging its advantages in mainland financial institutions[10] - The company is exploring international markets, particularly in Southeast Asia, leveraging its Hong Kong listing for global expansion[16] - The company is committed to transforming from a solution provider to an enabler of an AI ecosystem, focusing on building transparent and efficient production relationships in the AI era[18] - The company has diversified its customer base, with no single customer contributing more than 10% of total revenue in 2025[68] Compliance and Governance - The company is focused on building a secure and trustworthy governance framework for AI, embedding data permission management into the graph ontology layer to ensure fine-grained access control[20] - The company has established a comprehensive audit system to ensure that AI decision-making processes are traceable and compliant with regulatory standards[20] - The company emphasizes the importance of compliance and responsibility in AI operations, ensuring that AI behavior aligns with societal norms and regulations[20] Future Outlook - The company plans to list its H-shares on the Hong Kong Stock Exchange on February 13, 2026[89] - The report period ends on December 31, 2025, and the company is preparing for its global offering[90] - The company is focused on research and development (R&D) to enhance its product offerings[90]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 （股份代號：2706) 董事會召開日期 北京海致科技集團股份有限公司（「本公司」）董事（「董事」)會（「董事會」）茲通告 謹定於2026年3月27日（星期五）舉行董事會會議，藉以考慮及批准本公司及其子 公司截至2025年12月31日止的年度業績，以及處理其他事項。 承董事會命 北京海致科技集團股份有限公司 首席執行官兼執行董事 楊再飛先生 中國，北京，2026年3月13日 Beijing Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 於本公告日期，董事會包括：(i)執行董事任旭陽先生、楊再飛先生、楊娟女士、 萬澎江先生；(ii)非執行董事李家慶先生、龍宇女士、李洪濤先生；及(iii)獨立非 執行董事張軼凡先生、江天先生、李書湃先生、馬野銘先生。 ...

Beijing Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 11 March 2026 Dear non-registered H shareholder(s), Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") under the expansion of paperless listing regime and electronic dissemination of corporate communications that came into effect on December 31, 2023, Beijing Haizhi Technology Group Co., Ltd. (the " ...

Beijing Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 (A joint stock company incorporated in the People's Republic of China with limited liability) （於中華人民共和國註冊成立的股份有限公司） (Shares Stock Code: 2706) (股份代號：2706) Dear registered H shareholder(s), 11 March 2026 Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") under the expansion of paperless listing regime ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北京海致科技集團股份有限公司 呈交日期: 2026年3月3日 本月底法定/註冊股本總額： RMB 40,043,068 備註： 北京海致科技集團股份有限公司的H股股份於2026年2月13日(「上巿日」)於香港聯合交易所有限公司主板上市。此處「上月底結存」所示的資料指「於上市日上市時的結存」。 FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02706 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | ...

Group 1 - The core viewpoint of the article highlights a significant decline in AI application stocks in the Hong Kong market, with notable drops in specific companies [1] Group 2 - Haizhi Technology Group experienced a drop of 13.94%, with a latest price of 89.500 and a total market capitalization of 35.839 billion, while year-to-date it has increased by 230.75% [2] - MINIMAX-WP saw a decline of 12.87%, with a latest price of 687.000 and a total market capitalization of 215.467 billion, reflecting a year-to-date increase of 316.36% [2] - Zhipu fell by 9.43%, with a latest price of 504.000 and a total market capitalization of 224.705 billion, showing a year-to-date increase of 333.73% [2]

Core Viewpoint - The article highlights the emergence of Haizhi Technology as a leader in the AI sector, emphasizing its focus on process automation rather than merely conversational AI, aligning with the broader industry trend towards automation in business processes [1][2]. Group 1: Haizhi Technology's Market Position - Haizhi Technology achieved an unprecedented oversubscription of 4068 times during its IPO, marking it as the "subscription king" of the Hong Kong stock market for the year 2026 [1]. - The company is recognized as the "first stock to dispel AI illusions," focusing on practical applications of AI that enhance operational efficiency [2]. - Institutional investors, including Hillhouse Capital and Junlian Capital, have shown strong interest in Haizhi Technology, indicating a shift towards rational investment in AI [1]. Group 2: Industry Trends and Predictions - The article discusses the rise of the Agent industry, with OpenClaw signaling the beginning of a new era for personalized agents, which are expected to replace traditional app stores [3][4]. - There is a consensus that future applications will be dominated by agents, with predictions that 80% of current apps may become obsolete due to new agent service architectures [8]. - The article argues that the notion of "everyone having an agent" is misleading, as the true goal of industrial AI is process automation rather than individual assistance [9]. Group 3: AI in Business Processes - The core value of AI in enterprises lies in its ability to automate processes, ensuring compliance and efficiency, rather than merely providing conversational capabilities [10][12]. - The article emphasizes that AI's role in businesses will shift from being a tool for individual tasks to managing entire workflows autonomously [16][19]. - Future business operations will see AI taking the lead in process execution, with human roles evolving to support and optimize AI systems [29]. Group 4: Challenges and Future Directions - The article outlines two phases of industrial AI development: the initial phase focused on fine-tuning large models and the current phase centered on building agents, both facing significant challenges [30][35]. - Many enterprises are moving away from simplistic AI applications and are seeking more integrated solutions that understand their unique operational environments [39][40]. - The future of industrial AI will depend on establishing a robust knowledge system that connects data, computation, and processes, termed "AI Ready," which is crucial for enhancing efficiency [41][59].

Group 1 - The core viewpoint of the news is that AI application stocks in the Hong Kong market are experiencing a decline, with significant drops in share prices for specific companies [1][2]. Group 2 - MINIMAX-WP (00100.HK) has seen a decrease of 16.19% in its stock price [1]. - Zhihui (02513.HK) has dropped by 7.88% [1]. - Haizhi Technology Group (02706.HK) has fallen by 6.22% [1].

Core Viewpoint - Haizhi Technology Group (02706) has seen a significant stock price increase following the announcement of a strategic cooperation framework agreement with Zhipu (02513), focusing on model training and application scenarios [1] Group 1: Company Developments - Haizhi Technology Group's stock rose over 6% in early trading, currently up 5.57% at HKD 128.9, with a trading volume of HKD 36.15 million [1] - The strategic cooperation aims to leverage Haizhi's graph-model fusion technology, such as the Atlas graph, alongside Zhipu's large model capabilities for mutual benefit [1] - The company emphasizes its focus on developing Atlas graph solutions and industry-grade intelligent agents through graph-model fusion technology [1] Group 2: Industry Context - Zhipu is recognized as a leading artificial intelligence enterprise in China, dedicated to the pursuit of innovations in Artificial General Intelligence (AGI) [1] - The board of Haizhi believes that the strategic partnership will lead to resource complementarity and collaborative development, enhancing both companies' technological advantages and market resources [1]

Core Viewpoint - Haizhi Technology Group (02706) has seen a stock price increase of over 6% in early trading, currently up 5.57% at HKD 128.9, with a trading volume of HKD 36.15 million, following the announcement of a strategic cooperation framework agreement with Zhipu (02513) [1] Group 1 - The strategic cooperation will focus on deep collaboration in model training and application scenarios, leveraging Haizhi's graph-model fusion technology (such as Atlas graph) and Zhipu's large model capabilities [1] - Haizhi Technology is dedicated to developing Atlas graph solutions and industry-level intelligent agents through graph-model fusion technology, providing industry-grade AI solutions [1] - Zhipu is recognized as a leading AI company in China, committed to pursuing innovations in Artificial General Intelligence (AGI) [1] Group 2 - The board of Haizhi Technology believes that the strategic cooperation will achieve resource complementarity and collaborative development, leveraging both companies' technological advantages, industry experience, and market resources [1]