Token boom is coming! Xunce (03317.HK) holds steady as the leading Token stock, powered by policy dividends

The State Council Information Office recently held a press conference focusing on the 9th Digital China Construction Summit, where clear policy signals regarding data elements and AI development were released. Director Liu Liehong of the National Data Bureau pointed out at the briefing that the daily token call volume has surged, marking China’s AI entering a rapid growth phase. He also disclosed that by the end of 2025, more than 100,000 high-quality datasets will have been built nationwide, highlighting the country’s emphasis on high-quality data construction. As the first token company listed in Hong Kong stocks and a leading domestic real-time data infrastructure provider, XunCe (03317.HK) aligns precisely with national guidance. With its high-purity data and token technology advantages, it has become a core beneficiary amid the surge in token call volume.

At the national policy level, the core industry development message is clear: high-quality datasets are the fundamental foundation for the inference era of AI, and the sharp increase in token call volume reflects enterprises’ concentrated demand for efficient and precise data services. AI has transitioned from a GPU-intensive training stage to an inference era focused on logical reasoning and strong business understanding, where token “value” has become a key competitive factor. As the first token company listed in Hong Kong stocks, XunCe’s high-purity data tokens can significantly reduce ineffective consumption, exchanging fewer tokens for higher business certainty, perfectly aligning with the core requirements of high-quality data set construction.

In terms of performance, the growth strength of the first token company listed in Hong Kong stocks has been fully demonstrated. By 2025, XunCe’s revenue is projected to reach 1.283 billion yuan, a year-on-year increase of 102.95%. In the second half of the year, it achieved an adjusted semi-annual net profit of 160 million yuan, establishing a profit turning point. This achievement benefits from the explosion of enterprise-level data demand driven by national policy guidance and the deployment of AI large models, as well as the company’s technological barriers built on high-quality data.

With the national push for high-quality data construction, token call volume continues to surge, and the token economy is reshaping industry business models. Token pricing covers computing power costs, data value, and algorithm premiums. High-quality data has become the core valuation asset and provides an accurate basis for “data asset capitalization.” As the first token company listed in Hong Kong stocks and a core supplier of domestic real-time data tokens, XunCe directly benefits from the token call volume boom and is expected to build a “hard currency” barrier for tokens.

Industry analysis indicates that the penetration rate of domestic real-time data infrastructure is less than 4%. Coupled with supportive national policies and the trend of increasing token call volume, there is broad growth potential. As the first token company listed in Hong Kong stocks, XunCe leverages its high-quality data advantage and proven scale, demonstrating strong growth certainty. Its long-term value warrants close attention from the capital market.

(Edited by: Zhang Xiaobo)

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