Company Summary - The company, MaiFushi (02556), reported a 45% year-on-year growth in AI SaaS business revenue for Q3 2025, and a 37% increase in gross revenue from precision marketing services, exceeding market expectations and continuing the robust growth trend seen in the first half of the year [1] - MaiFushi has strengthened its AI Agent product matrix by launching two new products, the international version of CDP/MA and AgentData, and upgrading the "Video Marketing Expert Nora," enhancing its capabilities in cross-border marketing and data-driven decision-making [1] - The new products aim to leverage AI Agent technology to connect the entire chain from customer insights to marketing execution, promoting the large-scale implementation of AI-native SaaS in enterprises [1] - The company is deepening the integration of AI technology in international operations and marketing scenarios, expanding localized delivery capabilities across multiple regions to enhance growth resilience for businesses in the "AI + Going Global" process [1] - By strengthening the overseas omnichannel reach and collaborating deeply with the AI-Agentforce intelligent platform, the company is building a global marketing closed loop of "data insights - precise reach - effect optimization," addressing common pain points faced by cross-border enterprises such as channel fragmentation and insufficient data insights [1] Industry Summary - According to Minsheng Securities, the Hong Kong stock earnings season is expected to drive a continuous valuation recovery in the technology sector, with a recommendation to focus on AI ecosystem companies that possess synergy in computing power, models, and application scenarios [2] - Dongwu Securities noted that the Hong Kong stock market may maintain volatility in the short term, but the long-term allocation value is becoming more prominent; with upcoming policy expectations and overseas technology earnings as catalysts, the technology sector in Hong Kong is likely to regain upward momentum [2]

Core Insights - The report by IDC highlights that the Chinese AI Agent market has transitioned from "technical chaos to value realization" by Q3 2025, focusing on standard definitions, technical architecture, and market scale [1][2] Group 1: Market Position and Recognition - Mifus (02556.HK) has been recognized as a "benchmark vendor" in the Chinese AI Agent market due to its leading advantages in product matrix, technical architecture, and implementation effectiveness [1] - The company is positioned as an enabler of the intelligent agent ecosystem, continuously enhancing enterprise-level intelligent agent construction [1] Group 2: Technological Advancements - Mifus has developed the AI-Agentforce intelligent agent platform, which has been implemented across various industries including retail, finance, education, cultural tourism, and manufacturing [1] - The company employs a "modular + templated" approach for rapid deployment of intelligent agents, leveraging industry know-how to create replicable growth models [1] Group 3: Competitive Advantages - Mifus's differentiation lies not only in successful project delivery but also in establishing a generative AI-driven intelligent agent "foundation" [2] - The company has pioneered the concept of an "intelligent agent platform," supporting multi-faceted collaboration in content generation, customer operations, marketing automation, and sales support [2] - With the deepening implementation of the national "Artificial Intelligence+" initiative, Mifus's first-mover advantage in standardization and commercialization of intelligent agents is expected to provide ongoing expansion opportunities [2]

Core Insights - The company reported a significant increase in revenue and profit for the first half of 2025, indicating strong growth in the AI SaaS sector [1] - The year 2025 is identified as a critical phase for the large-scale implementation of enterprise-level AI Agent applications, with the company's AI-Agentforce platform driving this growth [1] Financial Performance - The company achieved a revenue of 930 million yuan, representing a year-on-year growth of 25.5% [1] - The net profit attributable to shareholders turned positive, with an adjusted net profit of 84.721 million yuan, marking a substantial increase of 77.7% compared to the previous year [1] - The adjusted net profit has already surpassed the total for the entire previous year [1] Business Development - The rapid iteration of the AI-Agentforce platform in marketing, customer service, and data operations is contributing to revenue growth and creating replicable business momentum [1] - The company's performance indicates a transition from "technology validation" to a new phase of "commercial realization" [1]

Core Viewpoint - Shulex, a cross-border e-commerce AI Agent company, has recently completed a financing round of over 100 million yuan, led by Shengda Capital with participation from Northern Light Venture Capital and Starting Gate Fund [1] Group 1: Company Overview - Shulex is backed by Hangzhou Shulihangjian Technology Co., Ltd., which was established in 2021 and focuses on global AI SaaS solutions for the cross-border e-commerce sector [1] - The company was founded by Guo Chenlu, a former core member of DingTalk, who has over 14 years of experience at Alibaba, contributing to projects like Alipay and the development of DingTalk [2] - The team at Shulex consists of professionals from top tech companies such as Alibaba, NetEase, ByteDance, Baidu, and Google [3] Group 2: Product and Innovation - Shulex leverages strong in-house product development capabilities to release a series of AI tools that aim to disrupt traditional practices in the cross-border e-commerce industry [4]