Xunce Technology revenue surges 103% to RMB 1.285 billion
Xunce Technology reported a 103.28% surge in annual operating revenue to RMB 1.285 billion for 2025, driven by expansion into diversified industries. The company narrowed its adjusted net loss to RMB 54.85 million and achieved profitability in the second half of the year. R&D investments totaled RMB 620 million, supporting millisecond-level data processing capabilities.
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Xunce Technology achieved annual operating revenue of RMB 1.285 billion in 2025, representing a year-on-year increase of 103.28%, successfully surpassing the RMB 1 billion revenue milestone. The company, which debuted on the Main Board of the Hong Kong Stock Exchange on December 30, 2025, released its first annual financial report since listing on March 27, 2026. This performance demonstrates strong growth momentum, with revenue rising from RMB 290 million in 2022 to nearly fivefold growth in three years.
Financial Performance
Xunce Technology reached a critical profitability inflection point in 2025. While the company recorded a net loss of RMB 130 million, the adjusted net loss narrowed by 33.41% to RMB 54.85 million compared to RMB 82.37 million in 2024. Notably, the firm achieved an adjusted net profit of RMB 50 million in the second half of the year, reversing an adjusted net loss of RMB 105 million in the first half. This shift marks the first time the company achieved positive semi-annual profitability.
| Metric | 2025 Value | 2024 Value | Change |
|---|---|---|---|
| Annual Operating Revenue | RMB 1.285 billion | - | 103.28% YoY |
| Adjusted Net Loss | RMB 54.85 million | RMB 82.37 million | 33.41% narrowing |
| R&D Expenses | RMB 620 million | - | - |
Business Expansion and R&D
The company maintained a high level of technical input, with R&D expenses reaching RMB 620 million in 2025. This investment supports a self-developed real-time data infrastructure platform capable of millisecond-level data processing. Xunce has shifted its business focus, reducing reliance on the asset management sector, which saw its revenue share drop from 74.4% in 2022 to 20.4% in 2025. Conversely, diversified industries such as fintech, urban management, and manufacturing now account for 79.6% of revenue, totaling RMB 1.023 billion.
Customer Growth and Regional Focus
Mainland China remained Xunce's primary market, generating RMB 1.28 billion in revenue in 2025, a 115% year-on-year increase. The customer count remained stable at 230 in 2025 compared to 232 in 2024, but the Average Revenue Per User (ARPU) surged 105.5% from RMB 2.72 million to RMB 5.59 million. This increase reflects deeper customer value extraction and the accelerated consumption of tokens driven by large model deployments.
Can Xunce Technology sustain its H2 2025 profitability into full-year net profit in 2026?
How will the company balance continued high R&D spending with the pressure to achieve consistent net profitability?
What is the strategy for expanding beyond Mainland China to diversify geographic revenue sources?
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