Deepexi Technology Achieves Quarterly Profitability and 115% Revenue Surge in First Half of 2026

Deepexi Technology Co., Ltd. (1384.HK), a pure-play enterprise AI platform, has reported its first interim results since listing, revealing a 115% year-over-year revenue surge for the first half of 2026. The company's core AI revenue leaped 209%, and it achieved quarterly GAAP profitability in Q2 2026, a rare milestone in Hong Kong's AI sector.

The financial performance underscores Deepexi's operational efficiency and scalable software delivery. Total revenue reached RMB 284.0 million, with AI business contributing RMB 226.0 million, representing 79.6% of total turnover. Gross profit grew 120.5% to RMB 160.0 million, with margins expanding to 56.5%. In Q2, the company posted a net profit of RMB 30.1 million, crossing the breakeven threshold.

This profitability is particularly notable given the broader market turbulence. The first quarter of 2026 saw the 'SaaSpocalypse,' where $2 trillion in market cap was erased from B2B software equities, and the iShares Expanded Tech-Software ETF (IGV) plunged nearly 21%. Investors have pivoted toward AI-native infrastructure, and Deepexi's token-based, consumption-driven model aligns with the agentic AI future, avoiding the seat-compression pressures on legacy SaaS vendors.

Deepexi's competitive edge lies in its 'Data + AI' dual-engine architecture, featuring the FastData platform, FastAGI suite, and Deepexi Enterprise Large Model Platform, supported by over 2,000 vertical industry skills. The platform is model-agnostic, connecting to open-source models like DeepSeek and Zhipu AI, and integrates with workplace tools like DingTalk and Feishu. This approach has driven adoption across manufacturing, retail, healthcare, and transportation, with manufacturing alone contributing over 50% of revenue.

A strategic partnership with Huawei Cloud, announced on August 12, addresses compute and data bottlenecks. By leveraging Huawei's Ascend AI clusters, Deepexi secures stable computing power and reduces token processing costs, enabling usage-based pricing models. This collaboration is expected to accelerate enterprise adoption of autonomous agents and improve margins as token volumes scale.

Institutional confidence is strong, as evidenced by a successful placement of 14,286,000 new H-shares at HK$35.00 per share, raising HK$488.0 million. The company is backed by investors including Hillhouse, 5Y Capital, and BAI. These funds will support R&D in next-generation enterprise agent systems, positioning Deepexi to capture the projected $206.5 billion AI agent software market in 2026, growing to $376.3 billion by 2027.

Deepexi's ability to deliver both technological innovation and financial profitability sets it apart in the enterprise AI landscape. As the market shifts from conceptual exploration to commercial execution, Deepexi's proven platform and strategic partnerships position it for sustained growth.