Core Viewpoint - Dipu Technology (01384) made a strong debut on the Hong Kong Stock Exchange, with its stock price surging by 150.56% on the first trading day, indicating high investor interest and confidence in the company's growth potential [1][2]. Company Performance - On its first trading day, Dipu Technology's stock opened at HKD 56.5 per share, reaching a peak of HKD 68.4, before closing at HKD 66.8, resulting in a total market capitalization of HKD 21.819 billion [1]. - The public offering phase saw approximately 239,000 investors participating, leading to an oversubscription rate of 7,590 times, marking the highest oversubscription for a new stock in the history of the Hong Kong Stock Exchange [1]. - In the first half of 2025, the company reported a revenue increase of 118.4% year-on-year, reaching HKD 132 million, with its enterprise-level AI solutions business revenue growing by 191% [1]. Customer Engagement - As of June 2025, Dipu Technology has served 283 enterprise clients, with a customer retention rate of 33.2%, indicating strong customer loyalty [1]. Industry Context - Despite a general decline in the Hang Seng Index and Hang Seng Tech Index, Dipu Technology's stock performance demonstrates the resilience of high-quality tech assets and suggests a market shift towards high-growth core targets [2].

据悉，滴普科技在公开发售阶段便受到资金热烈追捧，公开发售部分获约23.9万名投资者认购，超额认 购倍数高达7590倍，成为港交所主板历史上超购倍数最高的新股。在昨日的暗盘交易中，滴普科技的股 价一度暴涨100%，多方资金持续流入。 智通财经APP获悉，10月28日，滴普科技(01384)正式登陆港交所主板，挂牌首日表现极为亮眼！股价开 盘即大涨111.93%，报56.5港元/股。盘中股价一度冲高至68.4港元/股，涨幅超过155%。截至收盘，滴普 科技最终报66.8港元/股，涨幅150.56%，总市值达218.19亿港元。 虽然今日恒生指数及恒生科技指数双双收跌，科技股行情整体低迷，但滴普科技仍旧逆势而上，展现了 优质科技资产的强大韧性，也预示着市场资金正加速向高成长性的核心标的集中。 作为一家专注于企业级大模型人工智能应用解决方案的提供商，滴普科技通过其FastData Foil数据融合 平台和Deepexi企业级大模型平台，为企业客户提供数据整合、智能决策与运营支持服务。 截至2025年6月，滴普科技已累计服务283家企业客户，复购客户占比达33.2%，显示出较强的客户黏 性。2025年上半年，公司收入同 ...

滴普科技(01384)首挂上市，公告显示，每股定价26.66港元，共发行2663.2万股股份，每手200股，所得 款项净额约6.098亿港元。截至发稿，涨111.93%，报56.5港元，成交额2.15亿港元。 公开资料显示，滴普科技专注于为企业提供企业级大模型人工智能应用解决方案，助力企业大规模高效 整合数据、决策及运营。凭藉其FastData Foil数据融合平台及Deepexi企业级大模型平台两大基础设施， 实现Agentic人工智能应用在企业的部署及实施。 于2024年，企业级大模型人工智能应用市场占整个企业级人工智能应用解决方案市场的15%。根据弗若 斯特沙利文的资料，以收入计，中国企业级大模型人工智能应用的市场规模于2024年达到人民币58亿 元，并预期将在2029年达到人民币527亿元，2024年至2029年的CAGR为55.5%。以2024年的收入计，滴 普科技在中国企业级大模型人工智能应用解决方案市场排名第五，市场份额为4.2%。 ...

近日，滴普科技股份有限公司（下称"滴普科技"，HK:01384）披露发售公告，于10月20日至10月23日招股，预计将于10月28日在港交所上市。 本次上市，滴普科技拟全球发售2663.2万股H股，发售价为26.66港元/股，募资总额约为7.10亿港元，募资净额约为6.10亿港元。 | | | 截至12月31日止年度 | | 截至6月30日止六個月 | | | --- | --- | --- | --- | --- | --- | | | 2022年 | 2023年 | 2024年 | 2024年 | 2025年 | | | | | (人民幣千元) | | | | | | | | (未經審計) | | | 年 / 期內虧損淨額 ... | (655,226) | (502,895) | (1,254,990) | (620,964) | (308,221) | | 加: | | | | | | | 一股份支付開支(1) .. | 9.756 | 92,885 | 2,784 | 834 | 108,017 | | - 附有優先權的股份的金融負債 | | | | | | | 公允價值變動(2) | 421,57 ...

Core Viewpoint - Dipu Technology (01384) is set to launch an IPO from October 20 to October 23, 2025, offering 26.632 million H-shares at a price of HKD 26.66 per share, with trading expected to commence on October 28, 2025 [1] Group 1: Company Overview - The company focuses on providing enterprise-level large model AI application solutions, helping businesses efficiently integrate data, decision-making, and operations [1] - The company ranks fifth in the Chinese enterprise-level large model AI application solutions market with a market share of 4.2% based on 2024 revenue [1] Group 2: Business Performance - The company has achieved commercial success across various verticals, including retail, manufacturing, healthcare, and transportation, serving a total of 283 enterprise users as of June 30, 2025 [2] - The company has a high customer retention rate, with 94 repeat customers, representing 33.2% of its client base, indicating strong customer loyalty and satisfaction [2] Group 3: Financial Projections and Use of Proceeds - The company estimates a net proceeds of approximately HKD 610 million from the global offering, assuming a share price of HKD 26.66 [2] - The planned allocation of proceeds includes approximately 40% for R&D enhancement, 30% for expanding the sales network in China, 15% for overseas business expansion, 5% for potential investments and acquisitions, and 10% for working capital and general corporate purposes [2] Group 4: Revenue Growth - The company's revenue grew significantly from RMB 101 million in 2022 to RMB 129 million in 2023, marking a 28.4% increase, and further increased by 88.3% to RMB 243 million in 2024, with a CAGR of 55.5% from 2022 to 2024 [3] - For the six months ending June 30, 2025, the company's revenue rose by 118.4% to RMB 132 million compared to the same period in the previous year [3]

Core Viewpoint - Dipo Technology (01384) plans to launch an IPO from October 20 to October 23, 2025, offering 26.632 million H-shares at a price of HKD 26.66 per share, with 5% allocated for public sale in Hong Kong and 95% for international sale [1] Group 1: Company Overview - The company focuses on providing enterprise-level large model AI application solutions to help businesses efficiently integrate data, decision-making, and operations [1] - Dipo Technology ranks fifth in the Chinese enterprise-level large model AI application solutions market with a market share of 4.2% as of 2024 [1] Group 2: Business Performance - The company has achieved significant commercial success across various verticals, including retail, manufacturing, healthcare, and transportation, serving a total of 283 enterprise users as of June 30, 2025 [2] - The company has a high customer retention rate, with 94 repeat customers, representing 33.2% of its client base, indicating strong customer loyalty and satisfaction [2] Group 3: Financial Projections and Use of Proceeds - The estimated net proceeds from the global offering are approximately HKD 610 million, assuming a share price of HKD 26.66 [2] - The company plans to allocate the net proceeds as follows: 40% for enhancing R&D capabilities, 30% for expanding sales networks in China, 15% for overseas business expansion, 5% for potential investments and acquisitions, and 10% for working capital and general corporate purposes [2] Group 4: Revenue Growth - The company's revenue grew significantly from RMB 101 million in 2022 to RMB 129 million in 2023, marking a 28.4% increase, and further increased by 88.3% to RMB 243 million in 2024, with a CAGR of 55.5% from 2022 to 2024 [3] - For the six months ending June 30, 2025, revenue rose by 118.4% to RMB 132 million compared to the same period in the previous year [3]

Core Insights - Dipu Technology Co., Ltd. has successfully passed the listing hearing on the Hong Kong Stock Exchange, marking a significant milestone for the company and the enterprise-level AI application sector [1][2] - The company specializes in providing enterprise-level large model AI application solutions, with its FastData Foil data fusion platform and Deepexi enterprise-level large model platform as key infrastructures [1] Financial Performance - Revenue growth from 100 million yuan in 2022 to 243 million yuan in 2024, representing a compound annual growth rate (CAGR) of 55.5% [1] - Revenue for the first half of 2025 reached 132 million yuan, showing a year-on-year increase of 118.4% [1] - Gross profit increased from 29.56 million yuan in 2022 to 126 million yuan in 2024, with a gross profit margin rising from 29.4% to 55.0% by the first half of 2025 [1] Customer Base and R&D - As of June 30, 2025, the company served a total of 283 clients, with 94 repeat customers, accounting for 33.2% of the client base [2] - The R&D team consists of 143 professionals, making up approximately 44.3% of the total workforce [2] Industry Impact - The successful hearing is expected to attract more resources to the enterprise-level AI application sector, accelerating technology implementation and industry integration [2] - The event sets a benchmark for the industry, highlighting the recognition of enterprise-level AI application models by the capital market [2]

Core Viewpoint - Deepexi Technology Co., Ltd. is preparing for an IPO on the Hong Kong Stock Exchange, marking it as the seventh specialized technology company to file under Chapter 18C since its implementation [2]. Company Overview - Established in 2018, Deepexi Technology focuses on providing cutting-edge AI solutions to help enterprises efficiently integrate data, decision-making, and operations [2]. - The company ranks fifth in the Chinese enterprise-level AI application solutions market with a market share of 4.2% as of 2024 [2]. Business Model - Deepexi Technology has commercialized its solutions across various verticals, including retail, manufacturing, healthcare, and transportation, serving a total of 283 enterprise users as of June 30, 2025 [3]. - The company generates revenue from its FastData and FastAGI enterprise-level solutions, which were commercialized in 2019 and 2023, respectively [3]. Product Solutions - **FastData Solution**: Utilizes the FastData Foil platform to manage multi-modal data, enhancing data governance and analysis efficiency while reducing costs [4]. - **FastAGI Solution**: Based on the Deepexi enterprise-level model platform, it provides AI applications across various industries, improving operational efficiency and decision-making [5]. Financial Performance - Deepexi Technology's revenue for the years 2022, 2023, 2024, and the first half of 2025 was RMB 100.47 million, RMB 129.04 million, RMB 242.93 million, and RMB 132.10 million, respectively [14]. - The corresponding net losses were RMB 655.13 million, RMB 502.82 million, RMB 1.25 billion, and RMB 308.22 million [14]. Shareholder Structure - The pre-IPO shareholder structure includes a dual-class voting system, with key shareholders Zhao Jiehui and Yang Lei holding significant voting power [7][8]. - Major investors include Hillhouse Capital, Wuyuan Capital, and IDG, among others [9]. Management Team - The board consists of 9 members, including 5 executive directors led by Zhao Jiehui as CEO and Yang Lei as President of the Product and Solutions Team [12].