Application Software

PHANCY

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PHANCY released FY2025 Q3 earnings on March 30, 2026 (BJT) with actual revenue of HKD 2.464 B and EPS of HKD 0.0394

PHANCY released FY2025 9 Months Earnings on March 30, 2026 (BJT), actual revenue HKD 5.308 B, actual EPS HKD -0.1082

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PHANCY released FY2025 Annual Earnings on March 30 Pre-Market (BJT), actual revenue HKD 7.799 B (forecast HKD 7.68 B), actual EPS HKD -0.0574 (forecast HKD 0.0978)

PHANCY released FY2025 Q4 earnings on March 30 Pre-Market (BJT), actual revenue HKD 2.507 B, actual EPS HKD 0.044

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PHANCY to Release FY2025 Earnings on March 30 Pre-Market (BJT), Forecast Revenue HKD 7.58 B, EPS HKD 0.0965

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Fasint Launches PhanClaw Integrated with PhanthyCloud

Fash Intelligent repurchased 212,600 shares for HKD8.4975 million

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

06682

The artificial intelligence company PHANCY Technology Group Co., Ltd. has withdrawn its H-share full circulation plan, which allowed non-controlling shareholders to convert domestic shares into H shares. The plan was announced last November and approved by the China Securities Regulatory Commission, involving approximately 13.8 million shares. After the withdrawal of the plan, PHANCY's stock price fell 3.1% on Monday, closing at HKD 38.18, a cumulative decline of about 13.4% this year

BambooWorks

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Brief News: PHANCY Withdraws H Share Full Circulation Plan

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JOHNSON ELEC H(00179) fell 17.06%, with a trading turnover 464.6 Million HKD, and a year-to-date fell 28.3%. QINGSONG HEALTH(02661) fell 16.6%, with a trading turnover 101.5 Million HKD, and a year-to-date fell 26.7%. GUOXIA TECH(02655) fell 16.11%, with a trading turnover 395.3 Million HKD, and a year-to-date fell 20.9%.

Top Gainers&Losers

JOHNSON ELEC H

QINGSONG HEALTH

GUOXIA TECH

GPIXEL

YUE YUEN IND

XUANZHUBIO-B

160 HEALTH

PEGBIO CO-B

TIANLI INT HLDG

Top 10 HK Stock Losers (4.22)

03896

Hong Kong AI concept stocks experienced a downturn at the start of trading. According to Jin10, Paradigm Intelligencesaw a significant drop of 10.38%, Kingsoft Cloudfell by 4.67%, and Qunhe Technologydecreased by 2.54%.

CoinLive

KINGSOFT CLOUD

Kingsoft Cloud

STOCKS | Hong Kong AI Concept Stocks Decline in Early Trading

Phancy Group Co., Ltd. plans to raise approximately HK$1.56 billion through a discounted placement of up to 38.8 million new H shares at HK$40.36 each. This represents about 12.09% of issued H shares. The transaction aims to enhance the company's capital base and financial flexibility, pending listing approval in Hong Kong. The shares are priced at a discount to recent trading but at a premium to the 30-day average. Phancy Group, formerly Beijing Fourth Paradigm Technology Co., Ltd., is listed under stock code 6682.

Tip Ranks

Phancy Group to Raise HK$1.56 Billion via Discounted H-Share Placement

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MANYCORE TECH(00068) rose 101.29%, with a trading turnover 4.0 Billion HKD, and a year-to-date rose 391.3%. WELLCELL HOLD(02477) rose 21.17%, with a trading turnover 249.9 Million HKD, and a year-to-date rose 107.6%. JINHAI MED TECH(02225) rose 19.46%, with a trading turnover 48.2 Million HKD, and a year-to-date rose 253.6%.

MANYCORE TECH

WELLCELL HOLD

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GUANZE MEDICAL

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Phancy Group (SEHK:6682) reported full year 2025 results with sales of CN¥7,135.29 million and a reduced net loss of CN¥26.27 million. The stock saw a 4.97% increase in one day, but a 15.05% decline over 90 days. Trading at a Price-to-Sales ratio of 2.5x, it is slightly above the Hong Kong software average but below some peers. Analysts suggest it may be undervalued compared to an estimated fair P/S of 3.5x, despite risks including reliance on revenue from China and ongoing losses. Investors are encouraged to explore additional opportunities in the AI sector.

Simplywall

Phancy Group (SEHK:6682) Valuation Check After Narrowed Losses And Higher Full Year 2025 Sales

Phancy Group Grants 4.12 Million Employee Share Options Under Hong Kong Scheme

Phancy Group Grants 4.12 Million Employee Share Options Under Hong Kong Scheme

PHANCY's revenue in 2025 reached 7.135 billion yuan, a year-on-year increase of 35.6%. AI Platform revenue was 6.552 billion yuan, API business revenue was 79.9 million yuan, and Agentic AI business revenue was 500 million yuan. Gross profit was 2.483 billion yuan, with a gross margin of 34.8%. Operating loss was 133 million yuan, with an annual loss of 37.78 million yuan, and adjusted net profit was 6.33 million yuan, successfully turning a profit. Current cash resources amounted to 3.774 billion yuan, with 619 employees

雷帝触网

PHANCY's revenue in 2025 is 7.1 billion, a year-on-year increase of 36%, achieving positive adjusted profit

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Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks

- Hong Kong's major indices experienced significant adjustments, with the Hang Seng Index at 24,719.62, down 0.13%.  
- The oil and gas sector faced notable declines, influenced by international oil price fluctuations, while retail stocks showed volatility with significant gains for some companies.  
- Market sentiment remains cautious amid concerns over liquidity and external economic conditions, suggesting differentiated risk preferences and structural opportunities.

LB Select

CNOOC

UNITEDENERGY GP

TENCENT

KUAISHOU-W

SENSETIME-W

BIDU-SWR

HORIZONROBOT-W

JST GROUP

COWELL

J&T EXPRESS-W

Asymchem

YOFC

POP MART

XIAOMI-W

ZIJIN GOLD INTL

BYD COMPANY

ZIJIN MINING

MEITUAN

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

PHANCY Technology Group Co., Ltd. released its performance announcement for the year 2025, with total revenue of 7.135 billion yuan, a year-on-year increase of 35.6%; gross profit of 2.483 billion yuan, and a net loss of 26.3 million yuan, a year-on-year narrowing of 90.2%. API business revenue was 79.9 million yuan, a year-on-year increase of 129.2%. Founder Dai Wenyuan stated that the company's strategy has evolved from a single-point breakthrough to a full-stack ecosystem, and the adjustment in business scope reflects the market changes brought about by the development of AI technology

腾讯新闻 - 财经

PHANCY's revenue increased by 30% last year: API business revenue grew by 1.3 times, and international business is expected to grow several times

PHANCY(06682.HK)

Brief News: PHANCY Withdraws H Share Full Circulation Plan

Top 10 HK Stock Losers (4.22)

STOCKS | Hong Kong AI Concept Stocks Decline in Early Trading

Phancy Group to Raise HK$1.56 Billion via Discounted H-Share Placement

Top 10 HK Stock Gainers (4.20)

Phancy Group (SEHK:6682) Valuation Check After Narrowed Losses And Higher Full Year 2025 Sales

Phancy Group Grants 4.12 Million Employee Share Options Under Hong Kong Scheme

PHANCY's revenue in 2025 is 7.1 billion, a year-on-year increase of 36%, achieving positive adjusted profit

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

PHANCY's revenue increased by 30% last year: API business revenue grew by 1.3 times, and international business is expected to grow several times