Xunce Technology (03317) has announced its 2025 annual results, marking its first financial report since going public. The report indicates that driven by accelerated implementation of large AI models and the concentrated release of enterprise-level real-time data demand, the company achieved annual revenue of 1.285 billion yuan, representing a 103.28% year-over-year increase and successfully crossing the ten-billion-yuan revenue threshold. The adjusted net loss narrowed significantly to 54.85 million yuan, a 33.41% reduction compared to the previous year. Notably, the second half of the year saw an adjusted net profit of 50.13 million yuan, marking the first half-year period of positive profitability and confirming an inflection point in earnings.
Analyzing the growth trajectory, the company reported revenue of 198 million yuan in the first half of the year, which surged to 1.087 billion yuan in the second half, a quarter-over-quarter increase of 449.31%, demonstrating robust growth momentum. Gross profit reached 792 million yuan, with a gross margin of 61.66%, maintaining a high level despite rapid expansion and highlighting the inherent resilience of the business model.
As revenue scale expanded rapidly, economies of scale began to materialize. Revenue per employee increased to 2.87 million yuan, a 135.25% year-over-year rise, effectively doubling operational efficiency. Average Revenue Per User (ARPU) jumped from 2.72 million yuan to 5.59 million yuan, a 105.51% increase, indicating deepening value extraction per client.
With the accelerated practical deployment of large AI models, enterprise-level AI data demand is undergoing a phase of concentrated release. In response to this trend, Xunce Technology explicitly stated that it is accelerating the transition from project-based and subscription models to a token-based payment business model. This shift aims to closely align revenue with customer value creation, enhance revenue predictability, and unlock significant potential for margin expansion.
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