Company Overview - Shanghai Hehe Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor [1] - The company focuses on AI technology innovation, providing products to over a billion users globally across diverse industries [2] - Hehe Information is a leader in the global text intelligence technology field, driven by its multimodal large language model capable of processing various data forms [2] - The company has developed several consumer products, including Scan All and Business Card All-in-One, achieving significant user engagement and revenue growth [2][3] Financial Performance - The company reported revenues of approximately RMB 988 million, RMB 1.187 billion, RMB 1.438 billion, and RMB 1.303 billion for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [4] - Gross profits were recorded at approximately RMB 827 million, RMB 1 billion, RMB 1.212 billion, and RMB 1.126 billion, with gross margins of 83.7%, 84.3%, 84.3%, and 86.4% for the same periods [5] - Net profits for the fiscal years were approximately RMB 284 million, RMB 323 million, RMB 401 million, and RMB 351 million [6] Industry Insights - The AI technology landscape is evolving from symbolic logic to general intelligence, enhancing capabilities in perception, cognition, and decision-making [7] - The global AI product market is projected to reach USD 46.5 billion in 2024, with expectations to grow to USD 228 billion by 2029, reflecting a compound annual growth rate (CAGR) of 37.4% [8] - The consumer AI product market is expected to grow from USD 10.9 billion in 2024 to USD 77.1 billion by 2029, with efficiency-focused AI products holding the largest market share [9]

Company Overview - Shanghai Hehe Information Technology Co., Ltd. (688615.SH) has submitted a listing application to the Hong Kong Stock Exchange, with China International Capital Corporation as its sole sponsor [1] - The company has been dedicated to AI technology innovation, providing products to over a billion users globally across diverse industries [4] - Hehe Information is a leader in the global text intelligence technology field, driven by its multimodal large language model capable of processing various data forms [4] Financial Performance - The company reported revenues of approximately RMB 988 million, RMB 1.188 billion, RMB 1.438 billion, and RMB 1.303 billion for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [6] - Gross profit figures for the same periods were approximately RMB 827 million, RMB 1 billion, RMB 1.212 billion, and RMB 1.126 billion, with gross margins of 83.7%, 84.3%, 84.3%, and 86.4% [7] - Net profit for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, was approximately RMB 284 million, RMB 323 million, RMB 401 million, and RMB 351 million, respectively [8] Market Position - According to Zhaoshang Consulting, Hehe Information ranks first in China and fifth globally among companies with C-end efficiency AI products, with a monthly active user count exceeding one million [4] - The company’s flagship product, "Scanner All-in-One," is the largest image text processing AI product globally, achieving over 100 million monthly active users and a compound annual growth rate (CAGR) of over 20% from 2022 to 2024 [4] Product Development - Hehe Information has developed a range of C-end products, including "Scanner All-in-One," "Business Card All-in-One," and "Qixinbao," leveraging AI technology for enhanced user experience [5] - The company has introduced innovative features such as AI precise recognition and AI business card insights, further expanding its product offerings [5] Industry Insights - The global AI product market is projected to reach USD 46.5 billion in 2024, with expectations to grow to USD 228 billion by 2029, reflecting a CAGR of 37.4% [11] - The C-end AI product market is expected to grow from USD 10.9 billion in 2024 to USD 77.1 billion by 2029, with efficiency AI products holding the largest market share [13][16]

Company Overview - Shanghai Hehe Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC as its sole sponsor [1] - The company has been dedicated to AI technology innovation, providing products to over a billion users globally across diverse industries [5] - Hehe Information is a leader in the global text intelligence technology field, driven by its multimodal large language model capable of processing various data forms [5] - The company has developed several consumer products, including Scan All-in-One and Business Card All-in-One, with the former being the largest image text processing AI product globally [5][6] Financial Performance - The company reported revenues of approximately RMB 988 million, RMB 1.188 billion, RMB 1.438 billion, and RMB 1.303 billion for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [7] - Gross profit figures for the same periods were approximately RMB 827 million, RMB 1 billion, RMB 1.212 billion, and RMB 1.126 billion, with gross margins of 83.7%, 84.3%, 84.3%, and 86.4% [8] - Net profit for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, was approximately RMB 284 million, RMB 323 million, RMB 401 million, and RMB 351 million, respectively [9] Industry Insights - The AI technology landscape is evolving from symbolic logic to general intelligence, enhancing capabilities in perception, cognition, and decision-making [12] - The global AI product market is projected to reach USD 46.5 billion in 2024, with expectations to grow to USD 228 billion by 2029, reflecting a compound annual growth rate (CAGR) of 37.4% [13] - Consumer AI products are expected to dominate the market, with a projected size of USD 10.9 billion in 2024, growing to USD 77.1 billion by 2029, at a CAGR of 48.0% [16] - Efficiency-oriented AI products are anticipated to reach USD 6.2 billion in 2024, with a forecasted growth to USD 49.5 billion by 2029, representing a CAGR of 51.3% [19]

Core Viewpoint - Shanghai Hehe Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with China International Capital Corporation as its sole sponsor, after a previous application in June 2023 [1]. Company Overview - Since its establishment, Hehe Information has focused on AI technology innovation, providing products to over a billion users globally across diverse industries. The company has over 18 years of experience in AI research and application, becoming a leader in the global text intelligence technology field, driven by its multimodal large language model [4]. - The company's business spans over 200 countries and regions, and according to Zhaoshang Consulting, it ranks first in China and fifth globally in terms of revenue among companies with over 100 million monthly active users (MAU) for efficiency AI products in 2024, maintaining strong growth [4]. Product Portfolio - Hehe Information has developed several consumer products, including "Scanner All-in-One," "Business Card All-in-One," and "Qixinbao," based on years of AI technology accumulation and user demand insights. The "Scanner All-in-One" is noted as the largest image text processing AI product globally, with over 100 million MAU and a compound annual growth rate (CAGR) of over 20% in revenue from 2022 to 2024 [4][5]. - The "Business Card All-in-One" app ranked first in the business category of free app downloads on the Apple App Store in 41 countries and regions. In 2024, the company plans to launch an online digital business card feature to explore the global digital business card market [5]. Financial Performance - The company reported revenues of approximately RMB 988 million, RMB 1.188 billion, RMB 1.438 billion, and RMB 1.303 billion for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [6]. - Gross profits for the same periods were approximately RMB 827 million, RMB 1 billion, RMB 1.212 billion, and RMB 1.126 billion, with gross margins of 83.7%, 84.3%, 84.3%, and 86.4% [7]. - Net profits for the fiscal years were approximately RMB 284 million, RMB 323 million, RMB 401 million, and RMB 351 million [8]. Market Outlook - The global AI product market is projected to reach USD 46.5 billion in 2024, with over 10,000 participants, and is expected to grow to USD 228 billion by 2029, with a CAGR of 37.4% [11]. - The C-end AI product market is expected to reach USD 10.9 billion in 2024, growing to USD 77.1 billion by 2029, with a CAGR of 48.0%. Efficiency AI products are anticipated to dominate this segment, accounting for 57.5% of the total market [13][16].

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，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。 ...

Group 1 - The core point of the article is that Shanghai Hehe Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1] Group 2 - The company is seeking to go public, indicating potential growth and expansion plans [1] - The submission of the listing application is a significant step in the company's strategy to raise capital [1] - This move may attract investor interest in the technology sector within the Hong Kong market [1]

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。 ...