Beijing Yunji Technology Co., Ltd. (2670.HK) reported a 23.1% year-on-year increase in total revenue for 2025, amounting to RMB 301 million. Notably, revenue from AI agent applications surged by 194.1% to RMB 33.9 million, increasing its contribution to total revenue from 4.7% to 11.3%. The company's pivot from a hardware vendor to an intelligent service infrastructure provider is underscored by a staggering 925% increase in subscriptions for its Hotel Digital Operating System (HDOS). Revenue from the hotel scenario reached RMB 244 million, marking a 20.1% growth, while technology scenario revenue grew by 160.4% to RMB 29.6 million. Factory scenario revenue also saw a significant increase of 393%, reaching RMB 15.1 million. The company’s overseas revenue rose by 92.1% to RMB 19.1 million, now representing 6.3% of total revenue, with Japan, Southeast Asia, and Hong Kong identified as priority markets for 2026. R&D expenditures were RMB 62.2 million, or 20.6% of revenue, as Yunji aims to enhance its competitive edge. The company holds 997 patents and has contributed to 11 national and industry standards, solidifying its position in the market.