滴普科技公开发售获7569倍认购：「企业级大模型AI应用第一股」成港股历史超购王

Core Viewpoint - Dipo Technology has achieved significant market interest with its IPO, becoming the "super subscription king" of Hong Kong's main board IPOs in 2023, with a subscription rate of 7,569.83 times, marking the highest oversubscription multiple in Hong Kong's history [2][3]. Company Overview - Founded in 2018, Dipo Technology specializes in enterprise-level large model AI application solutions, focusing on providing cutting-edge AI solutions to help businesses integrate data, decision-making operations, and manufacturing expertise [4][5]. - The company has developed two core technology platforms: the AI-Ready FastData Foil data integration platform and the Deepexi enterprise-level large model platform, which have both seen rapid growth [6]. Business Model and Competitive Advantage - Dipo Technology offers tailored solutions that closely align with actual business needs, providing a competitive edge in the enterprise-level AI market. Unlike competitors that rely on public data for training general models, Dipo focuses on proprietary data and domain knowledge to create highly accurate custom models [6]. Market Performance and Financials - As of June 30, 2025, Dipo Technology has commercialized its solutions across various verticals, serving 283 enterprise clients, with 94 being repeat customers. The company reported a revenue increase of 118.4% year-on-year in the first half of this year, reaching 132 million yuan, with a compound annual growth rate of 55.5% over the past three years [7]. - The gross margin for the first half of this year was 55.5%, an increase of over 25 percentage points compared to 2022. The adjusted net loss rate significantly narrowed to 39.5% [7]. Industry Outlook - The enterprise-level AI application market in China is experiencing rapid growth, with projections indicating that the market size will increase from 38.6 billion yuan in 2024 to 239.4 billion yuan by 2029, reflecting a compound annual growth rate of 44.0% [7].