2025年，大模型的热度已经从参数之争转向落地，但今年的AI行业普遍面临一个天问：产品是否真正可用？企业应用AI，真正的卡点是什么？ "人工智能在从技术高山走向应用场景的大海，产品化是未来三年的核心航向。" 在 WISE2025 商业之王大会上，滴普科技创始人、董事会主席、执行董事 兼首席执行官赵杰辉开宗明义，直指行业发展核心命题。他进一步阐释："任何一个模型在企业里面，如果不能解决复杂数据的解构、高精度的训练和知识 的建模，它只能叫一个样品，不能叫一个产品。" 如果直接把通用大模型塞进企业，就像招聘一个不懂行的新员工——它看得见图纸，却读不懂公式；听得见指令，却听不懂，也调不动数据。 11月27—28日，被誉为"年度科技与商业风向标"的36氪WISE2025商业之王大会，在北京798艺术区传导空间落地。 今年的WISE不再是一场传统意义上的行业峰会，而是一次以"科技爽文短剧"为载体的沉浸式体验。从AI重塑硬件边界，到具身智能叩响真实世界的大门； 从出海浪潮中的品牌全球化，到传统行业装上"赛博义肢"——我们还原的不仅是趋势，更是在捕捉在无数次商业实践中磨炼出的真知。 我们将在接下来的内容中，逐帧拆解这些"爽剧 ...

Core Viewpoint - Dipu Technology Co., Ltd. officially listed on the Hong Kong Stock Exchange on October 28, raising a total of HKD 710 million through the issuance of 26.632 million shares at an offer price of HKD 26.66 per share [1] Company Overview - Founded in 2018, Dipu Technology specializes in enterprise-level AI applications, leveraging a "full-stack technology closed loop + commercial proof" dual advantage to gain recognition in the capital market [5] - As the fifth company in the 18C special technology sector, Dipu Technology fills a gap in the Hong Kong stock market for this niche and positions itself as a key player ahead of the enterprise-level AI explosion [3] Financial Performance - Revenue is projected to grow from CNY 100 million in 2022 to CNY 243 million in 2024, representing a compound annual growth rate (CAGR) of 55.5%. In the first half of 2025, revenue further increased to CNY 132 million, a year-on-year growth of 118.4% [5] - Gross margin is expected to rise from 29.4% in 2022 to 51.9% in 2024, with the first half of 2025 exceeding 55.0%. The adjusted net loss rate has narrowed to 39.5%, demonstrating the company's commercial viability of the "Data + AI" approach [5] Technological Advancements - Dipu Technology has developed two core solutions: FastData and FastAGI, supported by the FastData Foil data fusion platform and the Deepexi enterprise-level model platform. The FastAGI solution has shown remarkable performance, generating CNY 73.07 million in revenue in the first half of 2025, a year-on-year increase of 191.04%, accounting for 55.3% of total revenue [5] Fund Utilization Strategy - The funds raised from the IPO will be allocated as follows: 40% for R&D upgrades, 30% for expanding the domestic sales network, 15% for overseas business expansion, 5% for strategic investments and acquisitions, and 10% for working capital. This strategic plan aims to strengthen the company's technological barriers and accelerate its global expansion [6]

Core Viewpoint - Deep Technology Co., Ltd. has officially listed on the Hong Kong Stock Exchange, becoming the first stock in the enterprise-level AI application sector, with a total fundraising of HKD 710 million and a significant initial trading surge [4][8]. Company Overview - Established in 2018, Deep Technology is a leading player in the enterprise-level AI application field in China, recognized for its dual advantages of "full-stack technology closed loop + commercial verification" [8][12]. - The company has achieved substantial revenue growth, with projections showing an increase from CNY 100 million in 2022 to CNY 243 million in 2024, representing a compound annual growth rate (CAGR) of 55.5% [8][12]. Financial Performance - In the first half of 2025, Deep Technology's revenue reached CNY 132 million, marking a year-on-year increase of 118.4%, significantly outpacing industry averages [8][12]. - The gross margin improved from 29.4% in 2022 to 51.9% in 2024, with a further increase to over 55.0% in the first half of 2025, indicating enhanced profitability [8][12]. Technological Advancements - The company has developed two core solutions: FastData and FastAGI, with the latter generating CNY 73.07 million in revenue in the first half of 2025, a year-on-year growth of 191.04% [9]. - Deep Technology serves 283 enterprise clients across various sectors, demonstrating its strong market validation and technical implementation capabilities [9]. Market Context - The enterprise-level AI sector is experiencing a dual explosion of policy support and industrial demand, with the Chinese AI model solutions market expected to exceed CNY 30.6 billion by 2029, growing at a CAGR of 54.5% [10][12]. - The company is positioned to capitalize on this growth, with 78% of Chinese enterprises deploying AI applications in at least one business function by 2025 [10]. Strategic Initiatives - The funds raised from the IPO will be allocated as follows: 40% for R&D upgrades, 30% for expanding domestic sales networks, 15% for overseas business expansion, and 5% for strategic investments and acquisitions [11]. - Deep Technology aims to leverage its listing to enhance its technological barriers and accelerate its global expansion, transitioning from a domestic leader to a global benchmark in enterprise-level AI [11][12].