HK Stock Connect Insight | DEEPZERO (02723.HK): H1 Revenue Up 43.6% YoY as H-Share Subdivision Takes Effect on October 16

NewTimeSpace News: According to public information, DEEPZERO listed on the Main Board of the Stock Exchange on May 27, 2026 at an offer price of HKD 55.50 per share, with a global offering of 9.068 million H shares and net proceeds of approximately HKD 465 million, and its Hong Kong public offering was oversubscribed 5,480.23 times. On October 16, 2026, the company completed the subdivision of its H shares on the basis of one existing H share into ten subdivided H shares, increasing its issued shares to approximately 907 million.

It is understood that Hang Seng Indexes Company published the results of its review of the Hang Seng Index series for the second quarter of 2026 on August 21, 2026, under which DEEPZERO was included as a constituent of the Hang Seng Composite Index, the Hang Seng Stock Connect Hong Kong Index and several other indices, with the changes effective from September 7, 2026; the Shanghai and Shenzhen stock exchanges subsequently adjusted their respective lists of Stock Connect eligible securities, and the company's H shares have been included in the list of Stock Connect eligible securities since September 7, 2026.

Founded in 2009, DEEPZERO is a provider of enterprise decision-making AI agents. Starting from two platforms, AlphaDesk (intelligent advertising placement) and AlphaData (data management), the company launched DeepAgent, an enterprise-level decision intelligence agent platform, in 2025, forming two business lines, namely agent products and agent-based marketing services, covering scenarios such as product innovation, channel sales, social media operations, AI search optimisation, sales and customer service.

On the financial front, the company's revenue for the first half of 2026 was RMB 398 million, up 43.6% year on year; gross profit was RMB 97.75 million, up 30.3% year on year; profit for the period was RMB 8.195 million, up 125.2% year on year; and adjusted net profit was RMB 17.462 million, up 30.6% year on year.

Yuanda Information noted that revenue of China's decision-making AI application market grew from RMB 10.6 billion in 2020 to RMB 34.5 billion in 2024 (a CAGR of 34.3%), and is expected to reach RMB 161.5 billion in 2029; marketing and sales is the fastest-adopting scenario, accounting for nearly 60% of the total, with its scale expected to reach RMB 94.4 billion in 2029.