On August 26, DEEPZERO (02723) released its first-half fiscal 2026 earnings report, revealing revenue of RMB 398 million, a 43.6% year-over-year increase. Gross profit for the period reached RMB 98 million, up 30.3%, while adjusted net profit climbed 30.6% to RMB 17 million. The company's gross margin and adjusted net margin stood at 24.62% and 4.27%, respectively.

DEEPZERO is focused on the enterprise decision-making AI agent sector, having pioneered the core value proposition of AI-driven growth. Its product suite has been fully upgraded to an agent-based model, creating a dual-engine approach combining agent products and agent marketing services. In the first half, revenue from agent products grew 52.9% to RMB 28 million, while agent marketing services brought in RMB 370 million, up 42.9%. These two business lines accounted for 7% and 93% of total revenue, respectively.

A notable shift is underway, with the Agentic product system gaining traction among flagship clients through scaling adoption. Delivery efficiency and per-client value are improving in tandem, and new contracts for agent products and services surged over 300% year-over-year during the period.

The growth in both agent businesses is fueled by DEEPZERO's continued investment in R&D. In the first half, the company launched DeepAgent 4.0 Pro, which covers multiple core enterprise operational scenarios, accelerating the full AI transformation of its products and services. This has solidified a formidable technical moat in the AI agent space.

Building this technical barrier was no overnight feat. First, the company boasts 17 years of technical accumulation, underpinned by deep industry and domain expertise. Second, it has amassed vast, high-value, and uniquely authentic industry and enterprise data, along with a premium client base of industry leaders, offering rich application scenarios. Third, leveraging this data and client network, its agent products continuously iterate, receive feedback, and optimize within long-term, real-world business environments. This creates a virtuous cycle: entering complex decision-making scenarios at top clients, gathering data and results, driving model and product iterations, building cross-scenario reuse capabilities, boosting product penetration and per-client value, and ultimately expanding into more clients and scenarios.

The company is reinforcing its competitive moat through a multi-pronged strategy. To begin with, it is enriching its AI agent portfolio to build a product shield. DeepAgent 4.0 Pro serves as a unified technology and product platform, fully upgrading and integrating AlphaDesk, AlphaData, and other AI offerings. The reusable nature of the technology allows both business lines to share DeepAgent 4.0 Pro's capabilities, and the company has developed over 20 new agents covering AI product innovation and AI sales channel scenarios, continuously expanding its enterprise decision-making AI agent matrix.

Additionally, DEEPZERO is focusing on lighthouse clients to accelerate AI agent penetration and seize the market opportunity. Its agent order clients include industry benchmarks such as Procter & Gamble, Li Auto, and Innovent Biologics, spanning FMCG, automotive, and pharmaceuticals. Among new agent contracts, the majority come from Fortune 500 companies and sector leaders. Notably, about 30% of new agent product deals involve clients purchasing multiple agents, with several enterprises deploying over a dozen agent products at once.

Furthermore, the company is accelerating its globalization strategy, establishing a first-mover advantage in overseas markets. As a key pillar of its strategic roadmap, DEEPZERO is developing and refining agent products tailored to overseas business scenarios to drive the export of its AI capabilities. In the first half, overseas revenue reached RMB 95 million, up 38.1%, accounting for 23.87% of total revenue, making it a second growth engine.

Through these strategic initiatives, the company has not only solidified its competitive edge but also delivered tangible results. It is advancing a "Double 100" growth strategy, driving expansion from both client scale growth and per-client product penetration. Simultaneously, strategic acquisitions are expected to accelerate this growth flywheel, creating a dual-engine model of organic growth and M&A-driven expansion to sustain high growth across its two core businesses.

During the earnings call, CEO Huang Xiaonan positioned the company as the "Palantir" of sales and marketing, highlighting similarities in addressing complex decision-making scenarios at large enterprises, embedding data and algorithms into cross-scenario business processes, and delivering decision systems with accountability for outcomes. Indeed, the competitive advantages of both companies are strikingly parallel: they both focus on building cross-scenario decision AI capabilities with a common semantic layer, forming reusable business ontologies and semantic networks. Both deliver decision systems rather than point solutions, allowing them to accumulate proprietary decision-process data and experiential assets. Both target top-tier enterprises with high-complexity decision scenarios and high-density data assets, ensuring revenue stickiness while capturing the essential environment for training decision AI.

Globally, enterprise-level AI decision applications have emerged as the consensus path for monetizing AI technology. Industry giants like Anthropic and OpenAI are pivoting toward this space. As the leader in decision AI, Palantir has seen substantial growth in both earnings and market value, with revenue maintaining mid-to-high double-digit growth. Its market cap began its ascent in 2023, fueled by the AI application boom, and has since multiplied 26.6 times.

DEEPZERO listed on the Hong Kong stock exchange on May 27 this year, and within just three months, its market cap has more than doubled from the offer price, reflecting strong market and investor confidence in its prospects. Currently, DEEPZERO holds a market value of HKD 59.7 billion, while Palantir's market cap stands at USD 426.5 billion—a gap of over 55 times. Drawing parallels with Palantir's dynamic growth trajectory, DEEPZERO's valuation upside appears substantial.

In summary, DEEPZERO has achieved simultaneous revenue and profit growth under its AI-driven strategy, powered by the dual engine of agent products and agent marketing services. The company has built a core technology barrier and is reinforcing its moat through multiple initiatives while effectively executing its "Double 100" growth strategy. Furthermore, with an optimized product mix and comprehensive AI enablement, its profitability has improved markedly. Following Palantir's growth path, the company is poised for a valuation re-rating opportunity.