PHANCY (06682) announced its 2025 financial results, revealing revenue of approximately RMB 7.135 billion, a year-on-year increase of 35.6%. Gross profit was approximately RMB 2.483 billion, up 10.6% compared to the previous year. The adjusted net profit was RMB 6.33 million, with profit attributable to the company's owners reaching RMB 17.842 million. This represents a turnaround from a loss to a profit and marks the first time the company has achieved profitability for a full fiscal year, signaling PHANCY's entry into a new cycle characterized by both revenue growth and profit improvement.
The company stated that its 2025 revenue growth rate was significantly higher than the industry average and surpassed the growth rate from the same period last year, indicating a re-acceleration in operating income. This growth reflects the comprehensive and vigorous development across all of the company's business lines. It also benefits from the continued promotion of domestic "AI+" initiatives and strong demand for localization and substitution.
In terms of its client base, PHANCY has now signed cumulative contracts with over 1,000 customers. It has deep coverage across more than 20 high-value industries, including energy, manufacturing, finance, retail, and telecommunications operators, building a broad and solid customer foundation. As of the date of this announcement, the company's order backlog exceeded RMB 8.9 billion.
Regarding its market position, according to the latest IDC report, PHANCY has maintained the top market share position in China's machine learning platform market for seven consecutive years. This is a strong testament to the company's technical strength and product competitiveness.
From a business structure perspective, the company has formally established its "three growth pillars," which represents not just a reclassification for financial reporting but also a deep strategic consideration of the commercialization path in the AI 2.0 era. The AI Platform, serving as the core PaaS driver, contributed revenue of RMB 6.552 billion in 2025, a 32.0% year-on-year increase, accounting for 91.8% of the group's total revenue and acting as the core pillar of growth. The API business, based on a token-driven model, was the fastest-growing engine, with revenue reaching RMB 79.9 million, a surge of 129.2% year-on-year. The Agentic AI business, centered on a "pay-for-results" model, achieved revenue of RMB 503 million, a 93.2% year-on-year increase, demonstrating strong growth momentum and a sustainable business model. These three pillars, each with a distinct focus and mutually reinforcing, collectively form PHANCY's new multi-engine growth framework.
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