On August 26, data intelligence leader Baiwang Holdings (06657.HK) held its mid-2025 performance briefing in Shanghai, delivering impressive interim results: the company achieved revenue of RMB 347.6 million, a year-on-year increase of 23.5%; gross margin rose to 46.6%; AI-related business revenue exceeded RMB 60 million for the first time, reaching RMB 60.86 million, accounting for 17.5% of total revenue, and driving the company to an overall profit of RMB 3.6 million.
This financial report is not just about growing numbers—it sends a clear industry signal: artificial intelligence is moving from proof-of-concept to value realization, and data intelligence has become a new cornerstone of corporate competitiveness. With its deep industry experience and clear AI strategy, Baiwang Holdings is emerging as a leader in this wave of industrial intelligent transformation.
As AI technology matures, an industry consensus is forming: general-purpose AI applications offer limited value, while deep empowerment in vertical scenarios is the future. As early as 2024, Baiwang proposed its “Data Intelligence” strategy, focusing clearly on the ToB/ToG market. Starting from business scenarios, grounded in data assets, and shaped by intelligent agent products, the company is driving systemic enterprise evolution.
Baiwang’s “Intelligent Agent Matrix”—including products like the Gold Shield Transaction Management Agent, Wenshu Business Decision-Making Agent, and Ruijie Financial Business Agent—has been deeply integrated into core enterprise processes such as finance, taxation, transactions, capital, and risk control.
This means AI service providers are expanding their reach from IT departments to business units like HR, finance, and operations, potentially expanding the software services market by more than 20 times. Enterprises no longer need to invest in “training AI”; instead, they directly acquire “mature employees,” significantly reducing implementation barriers and time costs.
The Power of Focus: The More Vertical, the More Useful
Previously, the founder and CEO emphasized in an internal strategy meeting: “The more general, the less useful; the more focused, the more useful.” This is the core logic of Baiwang’s AI strategy. The company does not pursue “large and comprehensive” AI models but instead delves into more than 20 vertical industries, co-building specialized intelligent agents with key clients, focusing on each specific scenario.
At this performance briefing, the company’s chief expert released the “Enterprise Intelligent Agent Matrix.” Leveraging deep data expertise and extensive service experience, Baiwang introduced intelligent agents such as the Gold Shield Transaction Agent, Wenshu Business Decision-Making Agent, and Ruijie Financial Agent. These can meet the specific needs of over twenty industry scenarios, embedding directly into critical client processes like contract review, invoice auditing, and cash flow management, significantly improving efficiency and compliance.
Baiwang’s practices in the intelligent agent field have received high recognition from frontline users. At the event, the Product General Manager of COSCO Shipping Technology Co., Ltd. and the CMO of Baiwang jointly launched the Tax Compliance Intelligent Agent All-in-One Machine. By combining chip hardware capabilities with comprehensive software services, they provide convenient and efficient tax compliance services, helping enterprises achieve digital upgrades safely and compliantly while enjoying the benefits of AI.
In addition, Baiwang introduced a multi-modal invoicing agent in the electric vehicle industry, enabling intelligent association and recognition of multiple documents on the dealer side. In international brand sales, it developed an overseas bill recognition and compliance agent to enhance financial processing efficiency. In finance, it collaborated with top accounting firms to launch tax compliance and risk control agents…
These agents are not “lab products”; they are already embedded in client business processes, helping enterprises significantly improve document processing efficiency and reduce manual error rates.
Data Barriers and User Base: Skipping “Market Education” to Deliver Value Directly
Baiwang Holdings boasts massive data assets: over 90.7 million enterprise users, processing more than 23.1 billion invoices, with transaction amounts reaching RMB 105.5 trillion. This is a natural advantage for its AI transformation. With tens of millions of user resources and quadrillions in transaction data, Baiwang does not need to educate the market from scratch—it can directly deliver mature data intelligence capabilities to enterprises.