港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 2025年倒数第二个交易日，港交所迎来了罕见的上市盛况。今日，六家来自不同前沿领域的新股齐聚挂 牌，同时敲响上市铜锣。这是自今年7月9日以来，港交所再次出现六面铜锣齐鸣的场面。六家公司分别 为AI制药龙头英矽智能、数字孪生科技公司五一视界、家庭机器人龙头卧安机器人、高端国货护肤品 牌林清轩、数据基础设施提供商迅策以及预制钢结构服务商美联股份。 从首日开盘表现看，全球AI制药领域的头部企业英矽智能表现最为抢眼，股价高开45.53%，不计手续 费，每手盈利高达5475港元，其核心的Pharma.AI平台能将药物研发周期大幅缩短至传统方法的近四分 之一。紧随其后的是数字孪生公司五一视界，开盘上涨14.75%，该公司致力于构建"数字孪生地球"，将 实时3D技术从游戏领域拓展至广阔的行业应用。此外，美联股份和林清轩分别上涨15.63%和9.3%，而 迅策与卧安机器人则几乎平开，前者在资产管理实时数据市场排名第一，后者则是全球家庭机器人系统 的零售额冠军。 | 名称 | 量新价 | 涨跌幅 | | --- | --- | --- | | 英矽智能 | 35,0 ...

Core Insights - 51WORLD, known as the "first stock of Physical AI," debuted on the Hong Kong Stock Exchange on December 30, with its share price surging over 30% to reach 39.8 HKD, resulting in a market capitalization exceeding 16 billion HKD [1] Company Overview - Founded in February 2015, 51WORLD is a technology company focused on cloning Earth's 5.1 million square kilometers [1] - The company has made significant investments in three main technology areas: 3D graphics, simulation, and artificial intelligence, developing core competencies in these fields [1] Business Segments - 51WORLD has launched three core business platforms: - 51Aes (Digital Twin Platform) - 51Sim (Intelligent Driving Simulation Platform) - 51Earth (Digital Earth Platform) - These products are widely used by over a thousand large and medium-sized enterprises globally, covering 19 countries and regions [1] Technological Advancements - After ten years of technological accumulation, 51WORLD has established a complete closed-loop ecosystem for Physical AI, consisting of synthetic data, spatial intelligent models, and simulation training platforms [1] - The company is among the few globally that possess all three essential elements of Physical AI and has implemented benchmark cases in intelligent driving, transportation hubs, smart factories, and smart energy sectors [1]

Core Viewpoint - Wuyi Vision (06651) has successfully listed its shares at a price of HKD 30.5, raising approximately HKD 652.8 million, with a notable initial increase of 14.75% to HKD 35 per share [1] Company Overview - Wuyi Vision is a digital twin technology company based in China, specializing in Physical AI, which encompasses three key components: data fuel, spatial models, and training platforms [1] - The company has established a comprehensive technological capability and created a closed-loop ecosystem for Physical AI, forming significant technological and ecological barriers that are difficult to replicate [1] Business Operations - Wuyi Vision has launched three core business segments: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform) [1] - The company's products and solutions are widely utilized by over 1,000 large and medium-sized enterprises globally, with operations spanning 19 countries and regions [1] - The Physical AI product system has been commercially implemented in various verticals, including intelligent driving, transportation hubs, smart factories, and smart energy [1]

Core Viewpoint - 51WORLD has successfully listed on the Hong Kong Stock Exchange, marking a significant milestone for the company and the Physical AI industry in China, as it becomes the first Physical AI enterprise to go public in the country [1][3]. Group 1: IPO Details - 51WORLD issued a total of 23,975,200 shares during its IPO, raising a total of HKD 731 million [3]. - The public offering in Hong Kong was oversubscribed by 258 times, with strong interest from various types of investors including long-term funds and hedge funds [3]. - Upon opening, the stock price reached HKD 35, representing a 14.75% increase from the issue price, with a market capitalization exceeding HKD 14 billion [3]. Group 2: Company Overview - Founded in February 2015, 51WORLD focuses on cloning Earth's 5.1 million square kilometers and has invested heavily in 3D graphics, simulation, and artificial intelligence [6]. - The company has developed three core business platforms: 51Aes (Digital Twin Platform), 51Sim (Intelligent Driving Simulation Platform), and 51Earth (Digital Earth Platform), which are widely used by over 1,000 medium and large enterprises across 19 countries and regions [6]. - 51WORLD has established a complete Physical AI ecosystem, integrating synthetic data, spatial intelligence models, and simulation training platforms, making it one of the few companies globally with all three elements of Physical AI [6]. Group 3: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 were RMB 170 million, RMB 256 million, RMB 287 million, and RMB 54 million respectively [6]. - The compound annual growth rate (CAGR) of revenue from 2022 to 2024 was 30.02%, with a year-on-year revenue growth of 62.04% in the first half of 2025 [6]. - Corresponding net losses for the same periods were RMB 190 million, RMB 87 million, RMB 79 million, and RMB 94 million, with adjusted net losses of RMB 132 million, RMB 68 million, RMB 43 million, and RMB 67 million respectively [6]. Group 4: Investment and Market Outlook - 51WORLD has a strong backing from notable investors including Lightspeed, Yunji, Star VC, and SenseTime, as well as individual investors like Ge Weidong and Liang Bota [7]. - Experts believe that the next wave of AI will be "Physical AI," which is expected to become a new growth point in the market over the next decade [7]. - The successful listing of 51WORLD is anticipated to have a significant demonstration effect, attracting more capital and talent to accelerate technological innovation and application in the Physical AI field in China [7].

Core Viewpoint - 51WORLD has successfully listed on the Hong Kong Stock Exchange, marking a significant milestone as the first Physical AI company in China to go public, and concluding the year's listings of specialized technology firms on the exchange [1][3]. Group 1: IPO Details - 51WORLD issued a total of 23,975,200 shares, raising a total of HKD 731 million during its IPO [3]. - The public offering in Hong Kong was oversubscribed by 258 times, with strong interest from various investors including long-term funds and hedge funds [3]. - At market opening, the stock price reached HKD 35, representing a 14.75% increase from the issue price, with a market capitalization exceeding HKD 14 billion [3]. Group 2: Company Overview - Founded in February 2015, 51WORLD focuses on cloning Earth's 5.1 million square kilometers and has invested heavily in 3D graphics, simulation, and artificial intelligence [6]. - The company has developed three core business platforms: 51Aes (digital twin platform), 51Sim (intelligent driving simulation platform), and 51Earth (digital earth platform), which are utilized by over a thousand enterprises globally across 19 countries and regions [6]. - 51WORLD has established a complete physical AI ecosystem, integrating synthetic data, spatial intelligent models, and simulation training platforms, making it one of the few companies globally with all three elements of physical AI [6]. Group 3: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 were RMB 170 million, RMB 256 million, RMB 287 million, and RMB 54 million respectively [6]. - The compound annual growth rate (CAGR) of revenue from 2022 to 2024 was 30.02%, with a year-on-year revenue growth of 62.04% in the first half of 2025 [6]. - Corresponding net losses for the same periods were RMB 190 million, RMB 87 million, RMB 79 million, and RMB 94 million, with adjusted net losses of RMB 132 million, RMB 68 million, RMB 43 million, and RMB 67 million [6]. Group 4: Investment and Market Outlook - 51WORLD has a strong backing from notable investors including Lightspeed, Yunjiu, Star VC, and industry players like Moore Threads and SenseTime [7]. - Experts believe that the next wave of AI will be "Physical AI," which is expected to become a new growth point in the market over the next decade [7]. - The successful listing of 51WORLD is anticipated to have a significant demonstration effect, attracting more capital and talent to accelerate technological innovation and application in the field of Physical AI in China [7].

Core Insights - The company "51WORLD" (6651.HK), known as the first stock of "Physical AI," debuted on the Hong Kong Stock Exchange today, with its share price surging over 30% to reach 39.8 HKD, resulting in a market capitalization exceeding 16 billion HKD [1] Company Overview - Founded in February 2015, 51WORLD is a technology company focused on cloning Earth's 5.1 million square kilometers [1] - The company has made significant investments in three main technological areas: 3D graphics, simulation, and artificial intelligence, developing core competencies over the years [1] Business Segments - 51WORLD has launched three core business platforms: - 51Aes (Digital Twin Platform) - 51Sim (Intelligent Driving Simulation Platform) - 51Earth (Digital Earth Platform) - These products are widely used by over a thousand large and medium-sized enterprises globally, with operations spanning 19 countries and regions [1] Technological Advancements - After ten years of technological accumulation, 51WORLD has established a complete closed-loop ecosystem for Physical AI, consisting of "synthetic data - spatial intelligent models - simulation training platforms" [1] - The company is among the few globally that possess all three essential elements of Physical AI and has implemented benchmark cases in various fields, including intelligent driving, transportation hubs, smart factories, and smart energy [1]

Core Viewpoint - Five One Vision (06651) has successfully listed, with shares priced at HKD 30.5, raising approximately HKD 652.8 million from the issuance of 23.9752 million shares, and the stock price has increased by 26.75% to HKD 38.66 at the time of reporting [1][5]. Company Overview - Five One Vision is a digital twin technology company based in China, specializing in Physical AI, which encompasses three key components: data fuel, spatial models, and training platforms [1][5]. - The company has established a comprehensive technological capability and created a closed-loop ecosystem for Physical AI, forming a unique technological and ecological barrier that is difficult to replicate [1][5]. Business Segments - The company has launched three core business segments: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform) [1][5]. - Five One Vision's products and solutions are widely used by over a thousand large and medium-sized enterprises globally, with operations in 19 countries and regions [1][5]. Commercialization - The Physical AI product systems have been successfully commercialized in various verticals, including intelligent driving, transportation hubs, smart factories, and smart energy [1][5].

Core Viewpoint - Wuyi Vision (06651) has successfully listed its shares at a price of HKD 30.5, raising approximately HKD 652.8 million, with a notable initial increase of 14.75% to HKD 35 per share [1] Company Overview - Wuyi Vision is a digital twin technology company based in China, specializing in Physical AI, which encompasses three key components: data fuel, spatial models, and training platforms [1] - The company has established a comprehensive technological capability and created a closed-loop ecosystem of Physical AI, forming significant technological and ecological barriers that are difficult to replicate [1] Business Operations - Wuyi Vision has launched three core business segments: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform) [1] - The company's products and solutions are widely utilized by over 1,000 large and medium-sized enterprises globally, with operations spanning 19 countries and regions [1] - The Physical AI product system has been commercially implemented in various verticals, including intelligent driving, transportation hubs, smart factories, and smart energy [1]

Core Viewpoint - Wuyi Vision (06651) has successfully listed its shares at a price of HKD 30.5, raising approximately HKD 652.8 million through the issuance of 23.9752 million shares, with a notable initial increase of 14.75% to HKD 35 per share [1] Company Overview - Wuyi Vision is a digital twin technology company based in China, specializing in Physical AI, which encompasses three key components: data fuel, spatial models, and training platforms [1] - The company has established a comprehensive technological capability and created a closed-loop ecosystem for Physical AI, forming significant technological and ecological barriers that are difficult to replicate [1] Business Operations - Wuyi Vision has launched three core business segments: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform) [1] - The company's products and solutions are widely utilized by over 1,000 large and medium-sized enterprises globally, with operations spanning 19 countries and regions [1] - The Physical AI product systems have been commercially implemented in various verticals, including intelligent driving, transportation hubs, smart factories, and smart energy [1]

格隆汇12月29日丨五一视界(06651.HK)公告，公司全球发售23,975,200股H股，每股H股30.5港元，所得 款项净额6.5亿港元。香港公开发售股份数目占全球发售股份数目20%，获认购256.01倍；国际发售股份 数目占全球发售股份80%，获认购倍2.6倍。假设全球发售于2025年12月30日(星期二)上午八时正(香港 时间)或前成为无条件，预期公司H股将于2025年12月30日(星期二)上午九时正(香港时间)开始在联交所 买卖。H股将以每手200股H股进行买卖。H股的股份代号将为6651。 ...