Recently, the open-source release of DeepSeek’s flagship V4 model has spurred a significant expansion in the supply of large-scale AI models, diversified their application scenarios, and fueled robust growth in token-based API calls. This shift has reshaped industry dynamics, intensifying competition among general-purpose tokens while elevating the strategic value of tokens tailored for vertical industries. Xunce Technology distinguishes itself by avoiding reliance on a single model, instead prioritizing high-quality data governance and the development of industry-specific tokens. This approach grants the company independent pricing authority and a clearly defined growth path. As inference call volumes climb, enterprise demand for specialized tokens has surged, positioning Xunce Technology to capitalize on this trend. Its annual recurring revenue (ARR) from token-based services has demonstrated remarkable quarter-over-quarter growth, with token-related paid revenue accounting for an increasingly larger share, emerging as a key driver of expansion. Previously, Xunce Technology’s stock price performance had not fully reflected its strong fundamental growth. However, as a leader in the vertical-scenario token market, the company now exhibits high confidence in sustaining robust performance growth, opening a window for valuation recovery.