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Knowledge Atlas Technology Joint Stock Company
Knowledge Atlas Technology Joint Stock Company (2513) investor relations material
Knowledge Atlas Technology Joint Stock Company H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary31 Mar, 2026
Executive summary
Revenue surged 131.9% year-over-year to RMB724.3 million, driven by strong demand for AI model services and global expansion of the developer ecosystem.
Gross profit rose 68.7% to RMB296.7 million, but gross margin declined to 41.0% due to a higher share of cloud business and increased delivery costs.
Net loss widened to RMB4,718.2 million, mainly from increased R&D investment and share-based compensation.
Adjusted net loss (non-IFRS) was RMB3,182.0 million, up 29.1% year-over-year.
Listed on the Hong Kong Stock Exchange in January 2026, raising gross proceeds of HK$5.0 billion.
Financial highlights
Cloud-based deployment revenue grew 292.6% to RMB190.4 million; on-premises deployment rose 102.3% to RMB534.0 million.
Open platform/API revenue up 292.6% to RMB190.4 million; enterprise-level agents up 248.8% to RMB165.7 million.
Gross profit margin for cloud-based deployment improved to 18.9%, while on-premises margin fell to 48.8%.
R&D expenses increased 44.9% to RMB3,180.4 million; general/admin expenses up 278.3% to RMB505.4 million.
Capital expenditure dropped 83.8% to RMB74.7 million due to a shift in computing power procurement strategy.
Outlook and guidance
Expects exponential growth in token consumption and further breakthroughs in AI model capabilities in 2026.
Focus on industrial-grade agentic engineering and global expansion of AI infrastructure.
Aims to become the core infrastructure for token architecture capability (TAC) in the digital economy.
Drivers behind the 83% API price increase
Reasoning for the on-premise margin decline
Progress on domestic chip hardware co-design
Partial view of Summaries dataset, powered by Quartr API
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Next Knowledge Atlas Technology Joint Stock Company earnings date
H1 20268 Sep, 2026
Knowledge Atlas Technology Joint Stock Company
Next Knowledge Atlas Technology Joint Stock Company earnings date
H1 20268 Sep, 2026
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