据港交所文件，上海合合信息科技股份有限公司向港交所提交上市申请书，独家保荐人为中金公司。 ...

智通财经APP获悉，据港交所12月29日披露，上海合合信息科技股份有限公司(688615.SH)向港交所主 板提交上市申请，中金公司为其独家保荐人。该公司曾于今年6月26日向港交所递交过上市申请。 据招股书，自成立以来，合合信息始终致力以AI技术创新赋能，向全球亿级用户及多元化行业企业客 户提供产品。凭借超过18年的人工智能研究与应用实践积累，合合信息已成为全球文本智能技术领域的 领军者，其核心驱动力来自多模态大语言模型。该模型能够同步处理文本、图像、视频等多种形式的数 据输入，并生成多样化的输出模态，从而实现信息抽取、文档解析与修复、图像增强等多元化的AI功 能。该公司的业务已覆盖全球超过200个国家和地区。 根据灼识咨询，在2024年全球C端效率类AI产品MAU(月活跃用户数)上亿的企业中，按相应产品的收入 计，合合信息位居中国第一名、全球第五名，并保持强劲的增长态势。 ...

据港交所文件：上海合合信息科技股份有限公司向港交所提交上市申请书。 来源：滚动播报 ...

据港交所文件：上海合合信息科技股份有限公司向港交所提交上市申请书。 ...

上海合合信息科技股份有限公司(简称：合合信息，688615.SH)于6月26日所递交的港股招股书满6个 月，于12月26日失效，递表时中金公司为其独家保荐人。 来源：智通财经网 据此前招股书，合合信息是一家全球领先的人工智能产品公司。自成立以来，公司始终致力以AI技术 创新赋能，向全球亿级用户及多元化行业企业客户提供产品，已成为全球多模态大模型文本智能技术的 领先者。公司的业务已覆盖全球超过200个国家和地区。根据灼识咨询，在2024年全球C端效率类AI产 品MAU(月活跃用户数)上亿的企业中，按相应产品的收入计，合合信息位居中国第一名、全球第五名， 并保持强劲的增长态势。 ...

上海合合信息科技股份有限公司(简称：合合信息，688615.SH)于6月26日所递交的港股招股书满6个月，于12月26日失效，递表时中金公司为其独家保荐 人。 据此前招股书，合合信息是一家全球领先的人工智能产品公司。自成立以来，公司始终致力以AI技术创新赋能，向全球亿级用户及多元化行业企业客户提 供产品，已成为全球多模态大模型文本智能技术的领先者。公司的业务已覆盖全球超过200个国家和地区。根据灼识咨询，在2024年全球C端效率类AI产品 MAU(月活跃用户数)上亿的企业中，按相应产品的收入计，合合信息位居中国第一名、全球第五名，并保持强劲的增长态势。 ...

据此前招股书，合合信息是一家全球领先的人工智能产品公司。自成立以来，公司始终致力以AI技术创新赋能，向全球亿级用户及多元化行业企业客户提 供产品，已成为全球多模态大模型文本智能技术的领先者。公司的业务已覆盖全球超过200个国家和地区。根据灼识咨询，在2024年全球C端效率类AI产品 MAU(月活跃用户数)上亿的企业中，按相应产品的收入计，合合信息位居中国第一名、全球第五名，并保持强劲的增长态势。 智通财经APP获悉，上海合合信息科技股份有限公司(简称：合合信息，688615.SH)于6月26日所递交的港股招股书满6个月，于12月26日失效，递表时中金 公司为其独家保荐人。 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a potential increase of 5% to 15% relative to the CSI 300 index over the next six months [33]. Core Insights - The company has shown accelerating revenue growth in 2025, with year-on-year growth rates of 20.94%, 23.93%, and 27.49% in the first three quarters, respectively [2]. - The net profit for the first three quarters of 2025 reached 351 million yuan, representing a year-on-year increase of 14.55% [2]. - Key products, such as "Scanner King" and "Business Card King," have demonstrated significant growth, with increases of 27.4%, 25.3%, and 32.4% in the first three quarters [2]. - The company has maintained a technological leadership in the text recognition field for over 18 years, leveraging AI technologies to enhance product capabilities [6]. - The C-end products align with the trends of digitalization and mobile office, fostering strong user engagement through document classification and storage [6]. - The company has a revenue structure primarily driven by C-end products, with "Scanner King" accounting for 68% of revenue in 2024 [6]. - The continuous improvement in AI model capabilities is expected to accelerate the application of AI, benefiting the company as a C-end focused AI application enterprise [6]. - The C-end product payment rate increased from 4.05% in Q4 2023 to 4.90% in Q3 2025, with cumulative paid users reaching approximately 9.27 million, a year-on-year growth of 35.18% [6]. - The company submitted a listing application for the Hong Kong stock market in June 2025, aiming to enhance business development through financing [8]. - A stock incentive plan was introduced in September 2025, reflecting positive growth expectations [8]. - The gross profit margin for the first three quarters of 2025 was 86.4%, an increase of 2 percentage points compared to the same period in 2024 [8]. - The company has experienced a steady increase in contract liabilities, reaching 557 million yuan in Q3 2025, indicating a solid order backlog [8]. - The report forecasts EPS for 2025, 2026, and 2027 to be 3.08 yuan, 3.82 yuan, and 4.85 yuan, respectively, with corresponding P/E ratios of 69.41, 55.95, and 44.04 based on the closing price of 213.59 yuan on December 23 [8].

Group 1 - The "Annual Outstanding AI Application Enterprises" award recognizes leading companies that have achieved technological breakthroughs in the field of artificial intelligence and guide future development paths [4] - The selected companies span multiple key sectors, such as industrial manufacturing and smart healthcare, applying AI technology to create significant commercial value [4] - The evaluation process for the awards involved quantitative data analysis and a panel of expert judges to determine the final results [4] Group 2 - The "Golden Grid Award" aims to create a reference list of the most valuable listed companies and unicorns in the investment community, with a global perspective focused on China [4] - The award selection covers all listed companies and unicorns on major exchanges, including the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, and NASDAQ [4] - Ten companies were awarded the title of "Annual Outstanding AI Application Enterprises," including Innovation Works, Hehe Information, BGI Genomics, Lexin, Qiniu Intelligent, 360 Security Technology, SenseTime, WeDoctor, Yixin Group, and Zhongkang Holdings [1][4]

Group 1 - The "Annual Outstanding PR Team" award recognizes PR teams that have made significant contributions to brand image maintenance and industry public relations governance [4] - The award aims to highlight the importance of effective communication in enhancing market vitality and confidence [4] - The selection process involved quantitative data analysis and expert review to determine the final results [4] Group 2 - The "Golden Grid Award" aims to create a reference list of the most valuable listed companies and unicorns in the investment community [4] - The evaluation covers all listed companies on the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, American Stock Exchange, and NASDAQ [4] - Ten companies, including 361 Degrees, Anta Sports, Yum China, and others, were awarded the "Annual Outstanding PR Team" award [1][4]