| 最高 | | | | | 75.450 | | 開市 | | | | | 75.450 | 成交量 | | | | 9600 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 最低 | | | | | 75.450 | | 前收 | | | | | 68.500 | 成交額 | | | | 72.43萬 | | | | | | | 国 | 5日 | 日K | 周K | 月K | 季K | 年K | 1分 | 3分 | 5分 | 10分 | 15分 | 30分 | 1小時 | 2小時 | 3小時 | 4小時 | ｜ 1月 | 3月 | 今年 | 1年 | 5年 | 全部 | | 0.00 | | | | | | | | | | | | | | | | | | | | | | | | 0.00 | | | | | | | | | | | | | | | | ...

根据战略合作协议，双方将根据自身优势资源，聚焦制造、商业流通、交通、医疗等关键行业数智化需 求，成立联合技术攻关团队，打造从底层硬件算力平台到AI级企业操作系统以及Agentic AI应用的全栈 国产AI端到端解决方案。沐曦股份将从上至下提供全方位的技术支撑与配合，对公司的团队进行全方 位赋能，并将以专业的技术支撑团队，及时为公司提供富有竞争力的、针对性的多套解决方案。 通过签订战略合作协议，双方将本着平等互利、资源共享、优势互补的原则，加强双方合作，推动各项 业务发展，实现互惠共赢，有助于实现公司的战略目标。 智通财经APP获悉，滴普科技(01384)高开逾10%，截至发稿，涨10.15%，报75.45港元，成交额72.43万 港元。 消息面上，滴普科技发布公告，于2025年12月17日，该公司与沐曦集成电路(上海)股份有限公司(沐曦股 份)订立战略合作协议，旨在利用双方各自的优势及资源，在企业级大模型AI应用领域方面深化战略合 作关系。 ...

滴普科技(01384)高开逾10%，截至发稿，涨10.15%，报75.45港元，成交额72.43万港元。 通过签订战略合作协议，双方将本着平等互利、资源共享、优势互补的原则，加强双方合作，推动各项 业务发展，实现互惠共赢，有助于实现公司的战略目标。 根据战略合作协议，双方将根据自身优势资源，聚焦制造、商业流通、交通、医疗等关键行业数智化需 求，成立联合技术攻关团队，打造从底层硬件算力平台到AI级企业操作系统以及Agentic AI应用的全栈 国产AI端到端解决方案。沐曦股份将从上至下提供全方位的技术支撑与配合，对公司的团队进行全方 位赋能，并将以专业的技术支撑团队，及时为公司提供富有竞争力的、针对性的多套解决方案。 消息面上，滴普科技发布公告，于2025年12月17日，该公司与沐曦集成电路(上海)股份有限公司(沐曦股 份)订立战略合作协议，旨在利用双方各自的优势及资源，在企业级大模型AI应用领域方面深化战略合 作关系。 ...

滴普科技表示，该公司与沐曦整合电路（上海）股份有限公司订立战略合作协议，旨在利用双方各自的 优势及资源，在企业级大模型人工智能(AI)应用领域方面深化战略合作关系。双方将组建联合技术研发 团队，打造从底层硬体算力平台到AI级企业操作系统以及Agentic AI应用的全栈国产AI端对端解决方 案。 ...

根据战略合作协议，双方将根据自身优势资源，聚焦制造、商业流通、交通、医疗等关键行业数智化需 求，成立联合技术攻关团队，打造从底层硬件算力平台到AI级企业操作系统以及Agentic AI应用的全栈 国产AI端到端解决方案。沐曦股份将从上至下提供全方位的技术支撑与配合，对公司的团队进行全方 位赋能，并将以专业的技术支撑团队，及时为公司提供富有竞争力的、针对性的多套解决方案。 通过签订战略合作协议，双方将本着平等互利、资源共享、优势互补的原则，加强双方合作，推动各项 业务发展，实现互惠共赢，有助于实现公司的战略目标。 滴普科技(01384)公布，于2025年12月17日，该公司与沐曦集成电路(上海)股份有限公司(沐曦股份)订立 战略合作协议，旨在利用双方各自的优势及资源，在企业级大模型AI应用领域方面深化战略合作关 系。 ...

根据战略合作协议，双方将根据自身优势资源，聚焦制造、商业流通、交通、医疗等关键行业数智化需 求，成立联合技术攻关团队，打造从底层硬件算力平台到AI级企业操作系统以及Agentic AI应用的全栈 国产AI端到端解决方案。沐曦股份将从上至下提供全方位的技术支撑与配合，对公司的团队进行全方 位赋能，并将以专业的技术支撑团队，及时为公司提供富有竞争力的、针对性的多套解决方案。 格隆汇12月22日丨滴普科技(01384.HK)发布公告，2025年12月17日，公司与沐曦集成电路(上海)股份有 限公司("沐曦股份")订立战略合作协议，旨在利用双方各自的优势及资源，在企业级大模型AI应用领域 方面深化战略合作关系。 ...

Core Viewpoint - The recent IPO of Dipu Technology (stock code: 1384.HK) has created a capital frenzy in the Hong Kong stock market, being dubbed the "first stock of enterprise-level large model AI applications" and achieving a subscription rate of over 7,569 times, setting a historical record in Hong Kong [1] Group 1: Company Overview - Dipu Technology is viewed as the "Chinese version of Palantir," with a similar business model focused on "data + AI" infrastructure [2][5] - The company's core products include FastData for data processing and FastAGI for AI model training, which are designed to support various industries with minimal human intervention [2][5] Group 2: Market Performance - Dipu Technology's stock surged over 320% in the first three trading days post-IPO, with a peak market capitalization exceeding 40 billion HKD [1] - The company is experiencing rapid revenue growth, with a projected compound annual growth rate (CAGR) of 55.5% from 2022 to 2024, and a revenue increase of 118.4% in the first half of 2025 [6][8] Group 3: Customer Strategy - Dipu Technology has established a strong customer base, serving 283 enterprise clients as of mid-2025, with 94 being repeat customers, indicating high customer retention [8] - The number of large clients contributing over 1.5 million RMB in annual revenue is increasing, with average revenue per large client rising from 3.8 million RMB in 2022 to 4.8 million RMB in 2024 [8] Group 4: Growth Drivers - Key growth drivers for Dipu Technology include the increasing penetration of FastAGI, expansion into high-value industries, and the trend of domestic substitution for data security [10][11] - The company is also exploring international markets, having initiated operations in Hong Kong and targeting Southeast Asia and the Middle East [11] Group 5: Future Outlook - Dipu Technology has significant growth potential, with a market trajectory similar to that of Palantir, which reached a peak market value of over 480 billion USD [12] - The acceleration of digital transformation in government and enterprises, along with favorable policies from the "14th Five-Year Plan," are expected to enhance the company's growth framework [12]

Group 1 - The core viewpoint of the article highlights the significant stock performance of Dipu Technology (1384.HK), which is recognized as the first "enterprise-level large model AI application stock" in the Hong Kong market, experiencing a surge of over 27% to 125.7 HKD [1] - Dipu Technology has seen a continuous rise for three consecutive trading days since its IPO, reaching a market capitalization exceeding 40 billion HKD [1] - The IPO pricing of Dipu Technology was set at 26.66 HKD, and the current price reflects an increase of over 370% from the IPO price [1] Group 2 - Dipu Technology specializes in providing enterprise-level large model AI application solutions, aimed at efficiently integrating enterprise data, decision-making operations, and production knowledge [1] - The company offers AI digital employees that deliver high-precision, zero-hallucination outputs tailored to the specific data and business logic of clients, enhancing operational decision-making and productivity [1]

Core Insights - Deepexi Technology has officially listed on the Hong Kong Stock Exchange, becoming the first "enterprise-level large model AI application" stock, with an oversubscription rate of 7569.83 times, setting a record for the Hong Kong main board [1][4] - The company focuses on enterprise-level AI solutions, aiming to enhance productivity by integrating AI decision-making systems with proprietary enterprise data [1][4] - Despite high initial demand and a significant market valuation, the company faces challenges in achieving positive cash flow due to high R&D and personnel expenses [1][10] Group 1: Market Position and Competition - The AI market is witnessing intensified competition, with companies like Fourth Paradigm, Yitu Technology, and SenseTime accelerating their enterprise AI strategies [1] - Deepexi's business model is compared to Palantir, highlighting the shift from AI computing power to AI application, indicating a broader trend in the industry [2][13] - The enterprise AI market in China is projected to reach 239.4 billion RMB by 2029, with a compound annual growth rate of 44%, positioning Deepexi as a key player in this evolving landscape [14] Group 2: Financial Performance and Growth - Deepexi's revenue has shown significant growth, increasing from 100 million RMB in 2022 to 132 million RMB in the first half of 2025, with a year-on-year growth rate of 118% [9][10] - The company's gross margin improved from 29.4% in 2022 to 55% in the first half of 2025, driven by the high value of its FastAGI solutions [7][9] - Despite revenue growth, Deepexi reported net losses of 655 million RMB in 2022, 503 million RMB in 2023, and 1.255 billion RMB in 2024, indicating ongoing high investment in R&D [10] Group 3: Technological Foundation and Product Offerings - Deepexi has developed two main technological platforms: FastData Foil for data integration and Deepexi's enterprise-level model platform for customized AI solutions [5] - The company offers two primary product lines: FastData for data governance and FastAGI for AI solutions across various operational scenarios [5][8] - As of mid-2025, FastAGI accounted for 55.3% of the company's revenue, highlighting its role as a core growth driver [7] Group 4: Leadership and Investment - The founding team of Deepexi has a strong background, with CEO Zhao Jiehui previously serving as a core technology expert at Huawei and general manager at Alibaba Cloud [11][12] - The company has attracted significant investment from prominent firms, including Hillhouse Capital and IDG Capital, and has completed 10 rounds of financing prior to its IPO [12] - The net proceeds from the IPO will be allocated to enhancing R&D capabilities, expanding the sales network, and exploring overseas business opportunities [12]

Core Insights - Dipu Technology (1384.HK) has successfully listed on the Hong Kong Stock Exchange, raising HKD 710 million through the issuance of 26.63 million shares at HKD 26.66 each, marking it as the first enterprise-level AI application stock in Hong Kong [1] - The company has experienced significant revenue growth, with a projected increase from CNY 100 million in 2022 to CNY 243 million in 2024, reflecting a compound annual growth rate (CAGR) of 55.5% [2] - Dipu Technology's gross margin has improved from 29.4% in 2022 to 51.9% in 2024, indicating enhanced profitability as the business matures [2] Financial Performance - Revenue for the first half of 2025 surged by 118.4% year-on-year to CNY 132 million, driven by the FastAGI enterprise-level AI solution, which generated CNY 73.07 million, a 191% increase [2] - The customer base has expanded to 283 enterprise users across various sectors, including manufacturing, retail, healthcare, and transportation [2] Use of Proceeds - The net proceeds from the IPO will be allocated to enhancing R&D capabilities, expanding the sales network in China, overseas business expansion, potential investments and acquisitions, and general corporate purposes [3] Technological Edge - Dipu Technology's competitive advantage lies in its "Data+AI dual-drive" architecture, featuring the FastData Foil data fusion platform and the Deepexi enterprise-level model platform, enabling comprehensive data processing and AI application [4] - The company offers core solutions like FastData enterprise-level data intelligence and FastAGI enterprise-level AI, which can transform trained models into practical business applications [4] Market Dynamics - The enterprise-level AI application sector is experiencing a dual boost from favorable policies and rising industry demand, with significant government initiatives aimed at increasing AI application rates [5] - The market for enterprise-level AI solutions in China is projected to grow from CNY 5.8 billion in 2024 to CNY 52.7 billion by 2029, with a CAGR of 55.5% [6] Competitive Landscape - Dipu Technology is positioned as a frontrunner in the enterprise-level AI application market, leveraging its experience across various industries to capitalize on the growing demand [7] - The company is often compared to Palantir, sharing similarities in technology architecture and commercialization strategies, which enhances its market valuation [8] Future Outlook - The strong performance of Dipu Technology's IPO and its rapid revenue growth suggest a promising future, with the potential to become a leading player in the enterprise-level AI application space [9]