Core Viewpoint - Paradigm Intelligence has established a new holding company, Paradigm Intelligent (Beijing) Holdings Co., Ltd., focusing on various AI-related businesses [1] Group 1: Company Formation - Paradigm Intelligent (Beijing) Holdings Co., Ltd. has been registered with a capital of 10 million yuan [1] - The company's business scope includes the development of AI foundational software, AI application software, and technical consulting services for AI public service platforms [1] - The company is wholly owned by Paradigm Intelligence (06682.HK) [1] Group 2: Business Focus - The new holding company will engage in the development of network and information security software [1] - The establishment of this company indicates a strategic move to expand Paradigm Intelligence's footprint in the AI sector [1]

Group 1 - The company Paradigm Intelligence (06682) announced a share buyback on February 25, 2026, spending HKD 21.8795 million to repurchase 540,400 shares [2][4]

Group 1 - The company Paradigm Intelligence (06682.HK) announced a share buyback on February 25, spending HKD 21.88 million to repurchase 540,000 shares [1]

Group 1 - The company Paradigm Intelligence (06682) announced a share buyback plan [1] - The company will spend HKD 21.8795 million to repurchase 540,400 shares [1]

Group 1 - The company Paradigm Intelligence (06682) announced a share buyback plan, committing to repurchase 540,400 shares at a cost of HKD 21.8795 million [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 北京第四範式智能技術股份有限公司 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 06682 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2026年1月31日 | | 320,307,296 | 502,200 | | 320,809,496 | | 1). 購回股份 (股份被持作庫存股份) ...

Group 1 - The core point of the article is the establishment of a new holding company, Paradigm Ark (Beijing) Holdings Limited, which includes integrated circuit chip business [1] - The registered capital of the new company is 10 million yuan, indicating a significant investment in the technology sector [1] - The business scope of the new company includes artificial intelligence application software development, integrated circuit chip sales, and IoT technology services, highlighting its focus on advanced technology [1] Group 2 - Paradigm Ark is wholly owned by Paradigm Intelligent (06682.HK), indicating a strategic move to expand its operations and capabilities in the technology field [1] - The establishment of this holding company may signal a broader trend in the industry towards consolidation and specialization in high-tech sectors [1]

Core Viewpoint - The stock price of Paradigm Intelligence (06682) has experienced significant volatility due to market rumors regarding the impact of rapid iterations of AI large models on existing software business models, leading to investor panic selling and a subsequent decline in stock price [1][2]. Group 1: Company Performance and Financials - As of September 30, 2025, 83.9% of the company's revenue is derived from computing power-related income, with only 16.1% from software services [2]. - The company reported a revenue growth of 36.8% year-on-year for the period from January to September 2025, achieving its first quarterly profit in Q3 2025 [2]. - In the first half of the previous year, the company generated operating revenue of 2.626 billion yuan, with a net loss of 73.89 million yuan [2]. Group 2: Market Position and Strategic Changes - Paradigm Intelligence has maintained the largest market share in China's machine learning platform sector for seven consecutive years and underwent a strategic rebranding in January 2026 to transition from a single enterprise-level technology provider to a comprehensive soft-hard integrated operating system [3]. - The company has established a diversified service system around computing power, including computing power scheduling, management, and infrastructure construction [4]. Group 3: Competitive Advantages and Collaborations - The company has developed proprietary technologies such as vGPU pooling, AIOS, and SLXLLM inference framework, enhancing GPU utilization through virtualization and scheduling [4]. - Strategic partnerships with intelligent computing centers in Xi'an and Central China, along with the establishment of an international data and computing service platform in Shanghai, support the company's infrastructure services [4]. - The company has a strong customer retention rate, with benchmark user revenue growth exceeding 110% annually and a repurchase rate above 90% [4].

Group 1 - KEEP (03650.HK) increased by 3.94% [1] - Out of the question (02438.HK) rose by 3.17% [1] - Paradigm Intelligence (06682.HK) saw a rise of 2.82% [1] - Haizhi Technology Group (02706.HK) grew by 2.38% [1]

Core Viewpoint - The company clarifies that recent rumors regarding the potential replacement of existing software business models by rapidly iterating AI large models have caused significant stock price declines, but the company is actually benefiting from the growth in demand for computing power and related services due to this trend [1] Group 1: Financial Performance - For the nine months ending September 30, 2025, 83.9% of the company's revenue is derived from computing power-related income, while only 16.1% comes from software services [1] - The company reported a year-on-year revenue growth of 36.8% for the period from January to September 2025, achieving its first quarterly profit in the third quarter of 2025 [1] Group 2: Business Operations - The core business of the company focuses on providing AI technology services to enterprise clients, facilitating their intelligent upgrades and comprehensive digital transformations [1] - The rapid iteration of AI large models has significantly increased market demand for computing power, creating vast opportunities for the company's further business development [1] Group 3: Market Position - The board confirms that the company's business operations are normal and that as of February 24, the company is not aware of any undisclosed inside information that should be disclosed [1]