深演智能，二度递表港交所

Core Viewpoint - 深演智能科技股份有限公司 has submitted its listing application to the Hong Kong Stock Exchange for the second time, focusing on AI applications in marketing and sales, amidst a competitive and rapidly changing market [1][2]. Group 1: Company Overview - 深演智能 is a decision-making AI technology company that emphasizes AI applications in marketing and sales scenarios, ranking first in China's marketing and sales decision-making AI application market with a market share of 2.6% as of 2024 [2][3]. - The company has developed a product matrix centered around two flagship platforms, AlphaDesk and AlphaData, with the latest addition being Deep Agent [3]. Group 2: Financial Performance - The company's revenue figures for the years 2022 to 2025 (first half) are approximately 543 million, 611 million, 538 million, and 277 million RMB respectively, with net profits of about 59 million, 61 million, 22 million, and 3.6 million RMB for the same periods [3][4]. - The revenue from the top five clients accounted for 51.1%, 50.2%, 54.6%, and 70.2% of total revenue in 2022, 2023, 2024, and the first half of 2025 respectively, indicating a high dependency on a limited client base [5]. Group 3: Market Competition - The market in which 深演智能 operates is described as highly competitive and rapidly changing, with significant risks if the company fails to compete effectively against existing or emerging competitors [6][7]. - Competitors may have advantages such as longer operating histories, stronger brand recognition, and better financial, technical, and marketing resources, which could lead to price pressures and reduced profit margins for 深演智能 [7].