New Stock News | Figures Show that Hong Kong Stock Exchange is Ranked Third in the Chinese Enterprise-Level Large Model Commercial Growth Market
According to the Hong Kong Stock Exchange disclosed on June 18, Stories Numbers Company Limited (referred to as: Stories Numbers) submitted its application to the Main Board of the Hong Kong Stock Exchange, with CITIC Securities International as its sole sponsor.
According to the disclosure from the Hong Kong Stock Exchange on June 18, Data-Driven Story Artificial Intelligence Technology Co., Ltd. (referred to as Data-Driven Story) has submitted its application to the main board of the Hong Kong Stock Exchange, with China Securities Co., Ltd. International as its exclusive sponsor.
Company Overview
According to the prospectus, Data-Driven Story is a native artificial intelligence technology company that empowers enterprises to accelerate growth through a range of application products and solutions based on enterprise-level large models. The company's enterprise business portfolio (enterprise growth artificial intelligence application products and solutions) enables companies to transform complex and dynamic market data and business variables into clear decisions and actionable growth plans.
The company is dedicated to helping businesses transform intelligence into sustainable success through agentic AI. According to data from Zhoushi Consulting, by 2025, Data-Driven Story ranks third in the Chinese enterprise-level large model-driven business growth market based on revenue.
The company's customer base covers multiple vertical industries, including lifestyle fashion (ranging from daily and high-end fast-moving consumer goods to luxury goods), durable consumer goods (including consumer electronics, home appliances, and smart hardware), the internet, automotive, and other industries. As of March 31, 2026, according to Zhoushi Consulting, based on revenue rankings from 2025, the company has provided services to over 65 Fortune Global 500 companies and 135 Fortune Global 500 consumer goods companies.
At the core, the company has built a data infrastructure that integrates publicly available multimodal heterogeneous data into a unified data base. Built on this foundation, the company's advanced multi-agent system, EnlightAI, consists of three integrated components: SocialGPT, industry skills library, and multi-agent architecture. EnlightAI is driven by SocialGPT as its core DRIVE, further enhanced by industry-specific agentic skills to understand and respond to complex, domain-specific business situations. With its multi-agent architecture, EnlightAI aims to autonomously develop, train, and schedule AI agents to scale complex business tasks.
Data-Driven Story offers a range of enterprise growth artificial intelligence application products and solutions covering key business scenarios in the entire business growth cycle, including insights (market insights, consumer insights, and product innovation), marketing (brand marketing and content marketing), and sales (channel expansion and operational optimization). These application products and solutions enable companies to effectively utilize data and deploy artificial intelligence to drive actionable business growth initiatives.
Financial Information
Revenue
In the fiscal years 2023, 2024, and 2025, the company recorded revenues of 2.35 billion yuan, 2.83 billion yuan, and 5.03 billion yuan, respectively.
Loss during the period
In the fiscal years 2023, 2024, and 2025, the company recorded losses during the period of 115 million yuan, 86.91 million yuan, and 51.72 million yuan, respectively.
Gross profit and gross profit margin
In the fiscal years 2023, 2024, and 2025, the company recorded gross profits of 1.34 billion yuan, 1.48 billion yuan, and 2.12 billion yuan, respectively; during the same period, the company's gross profit margins were 57.2%, 52.2%, and 42.1%, respectively.
Industry Overview
Driven by the widespread application of AI and the accelerating digitization and intelligent transformation of enterprises, the market size of China's enterprise-level AI industry (in terms of revenue) grew from 198.7 billion yuan in 2021 to 391.8 billion yuan in 2025, with a compound annual growth rate of 18.5% from 2021 to 2025. Looking ahead, it is expected that the market size of China's enterprise-level AI market (in terms of revenue) will reach 954.1 billion yuan by 2030, with a compound annual growth rate of 19.5% from 2025 to 2030.
AI has evolved from early rule-driven to discriminative AI driven by machine learning and deep learning, and now to large models. Therefore, the enterprise-level AI market can be further subdivided into the traditional discriminative AI market and the enterprise-level large model market. With the continued development of AI and the accelerated application of enterprise-level AI products and solutions, the market share of China's enterprise-level large model market in the overall enterprise-level AI market will increase from 1.4% in 2023 to 34.1% in 2030.
In terms of revenue, the China enterprise-level large model market reached 3.7 billion yuan in 2023 and 21.6 billion yuan in 2025, with an expected growth to 325.4 billion yuan by 2030, translating to a compound annual growth rate of 72..0% from 2025 to 2030. Compared to internal efficiency improvement divisions, the business growth division shows stronger growth potential, with its market share increasing from 18.0% in 2023 to 39.8% in 2025, and expected to further rise to 46.1% by 2030. Although China's large model technology and product development began before 2020, 2023 marked the first enterprise-level large-scale commercial application of large models.
China's enterprise-level large model-driven business growth market is rapidly expanding, with a market size of 8.6 billion yuan in 2025. It is expected that the market size will reach 150.1 billion yuan by 2030, with a compound annual growth rate of 77.2% from 2025 to 2030.
Board Information
The board of directors will consist of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors.
Equity Structure
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Intermediary Team
Exclusive Sponsor: China Securities Co., Ltd. (International) Financing Co., Ltd.
Company Legal Advisor: Regarding Hong Kong and U.S. law: Pu Heng Law Firm (Hong Kong) Limited Liability Partnership; Regarding Chinese law: King & Wood Mallesons Law Firm; Regarding international sanctions and export control laws: Hogan Lovells International LLP; Regarding Chinese data compliance laws: Beijing King & Wood Mallesons Law Firm.
Exclusive Sponsor Legal Advisor: Regarding Hong Kong law: Zhou Junxuan Law Firm in association with Beijing Tongshang Law Firm; Regarding Chinese law: Beijing Deheng (Shenzhen) Law Firm.
Reporting Accountants and Independent Auditors: Ernst & Young LLP
Industry Consultant: Zhoushi Enterprise Management Consulting (Shanghai) Co., Ltd.
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