Zhipu: Total revenue of 724 million yuan in 2025, a year-on-year increase of 131.9%

2026-04-02 01:37:19

People’s Finance News, March 31: Zhipu issued an announcement on the Hong Kong Stock Exchange that its total revenue for 2025 reached 724 million yuan, up 131.9% year over year; net losses were 4.718 billion yuan, mainly driven by the continued increase in R&D spending. Revenue from cloud-based deployments rose from 48.5 million yuan in 2024 to 190 million yuan in 2025, an increase of 292.6%. This strong growth is mainly attributable to the company’s continuous iteration, which significantly improved the upper bound of model intelligence. The improved model intelligence performance further drove an increase in model call volume.

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