滴普科技正式登陆港交所：开盘上涨超110%，精准卡位企业级AI爆发的核心入口

Core Viewpoint - Dipu Technology Co., Ltd. has officially listed on the Hong Kong Stock Exchange, becoming the first stock in the enterprise-level large model AI application sector, with a total fundraising of 710 million HKD and a subscription rate of 7,569.83 times, marking it as the most oversubscribed IPO in Hong Kong history [3][4]. Company Overview - Founded in 2018, Dipu Technology focuses on providing cutting-edge AI solutions for enterprises, helping them integrate data, decision-making, and production knowledge to create enterprise-level AI applications [6][8]. - The company has served 283 enterprise clients across various sectors, including retail, manufacturing, healthcare, and transportation, demonstrating its broad market reach [8]. Financial Performance - In the first half of 2025, Dipu Technology's revenue increased by 118.4% year-on-year to 132 million CNY, with a compound annual growth rate of 55.5% over the past three years [8]. - The FastAGI enterprise-level AI solution generated 73.07 million CNY in revenue in the first half of 2025, representing a year-on-year growth of 191.04% and accounting for 55.3% of total revenue [8]. - The gross margin for the first half of 2025 was 55.5%, an increase of over 25 percentage points compared to 2022, indicating improved profitability [8]. Market Position and Strategy - Dipu Technology differentiates itself by utilizing private data and domain knowledge to build highly accurate proprietary models, aiming to replace specialized roles in core business functions [9]. - The company has established a full-stack technical closed-loop model, similar to the successful path of Palantir in the U.S. market, indicating significant commercial potential [10]. Industry Trends - The enterprise-level AI sector is experiencing a dual explosion of policy benefits and industrial demand, with predictions indicating that the market for AI large model solutions in China will exceed 30.6 billion CNY by 2029, with a compound annual growth rate of 54.5% [11]. - A report from McKinsey shows that 78% of Chinese enterprises have deployed AI applications in at least one business function, highlighting the shift of enterprise-level AI from a concept to a necessity [11]. Future Outlook - With its successful IPO, Dipu Technology is positioned to deepen the integration of technology and application scenarios, expand its global footprint, and enhance its competitive edge in the enterprise-level AI service market [12].