深演智能业绩滑坡转战港股，上市对赌失败耗资4000万回购

Core Viewpoint - DeepMind Technology Co., Ltd. (referred to as "DeepMind") has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, despite experiencing a significant decline in performance amid the booming AI sector in 2024 [2][7]. Company Overview - Established in 2009, DeepMind is a decision-making AI technology company focusing on marketing and sales applications, with flagship platforms AlphaDesk and AlphaData [3]. - DeepMind serves a total of 68 clients across various industries, including e-commerce, fast-moving consumer goods, automotive, retail, beauty, and travel [3]. Financial Performance - DeepMind's revenue for the years 2022, 2023, and 2024 was 543 million, 611 million, and 538 million CNY, respectively, with net profits of 59.36 million, 60.66 million, and 21.52 million CNY [4]. - The company's gross profit margins were 30.9%, 31.2%, and 27.3% during the same period [4]. - The majority of revenue (over 80%) comes from the intelligent advertising business, with revenue contributions of 446 million, 492 million, and 460 million CNY for the respective years [4]. Client Dependency and Market Position - DeepMind's client concentration is high, with the top five clients contributing 51.1%, 50.2%, and 54.6% of total revenue in the respective years [8]. - The largest client shifted from Alibaba to WPP Group, with revenue from Alibaba dropping significantly, impacting overall profitability [8][9]. IPO and Fund Utilization - The IPO aims to raise funds for product development, expanding the sales network and customer base, strategic acquisitions, and general corporate purposes [10]. - DeepMind previously attempted to list on the A-share market but withdrew its application in June 2024, opting for a Hong Kong listing instead [5].