“杭州六小龙”首个IPO！群核科技递表港交所

Core Insights - ManycoreTech Inc. (群核科技) has officially submitted its listing application to the Hong Kong Stock Exchange, aiming to become the "first global space intelligence stock" [1] - The company has received investments from several prominent institutions, including IDG Capital and Hillhouse Capital [1] -群核科技 is the first among the "Hangzhou Six Dragons" to initiate the listing process [1] Business Overview - ManycoreTech Inc. is a space intelligence company leveraging AI technology and GPU clusters to create a physically accurate world simulator [2] - The company has focused on spatial cognition technologies and launched a multi-modal CAD model based on 3D space, widely used in real-time rendering and industrial manufacturing [2] - The net proceeds from the global offering will be used for international expansion, product enhancement, and investment in core technologies [2] Financial Performance - The company has shown steady revenue growth, with revenue increasing from 601 million yuan in 2022 to 664 million yuan in 2023, representing a 10.5% growth [2] - For the first nine months of 2024, revenue reached 553 million yuan, a year-on-year increase of 13.8% [2] - Gross margins have improved from 72.7% in 2022 to 80.4% in the first nine months of 2024 [2] Market Position - According to Frost & Sullivan, ManycoreTech Inc. is the largest space design platform globally based on average monthly active users (MAU) in 2023, holding a 22.2% market share in China [3] - The company serves 414,000 individual customers and 45,500 enterprise customers as of September 30, 2024 [4] - The net revenue retention rate for major clients is 114.1%, while individual clients have a retention rate of 96.0% [4] Technological Advancements - The company's SpatialVerse platform is designed for realistic virtual simulations, positioning itself at the forefront of the "space intelligence" technology trend [6] - The platform provides precise 3D spatial synthetic datasets for various applications, including AIGC and robotics [6] - ManycoreTech Inc. has developed three core technological capabilities: GPU infrastructure, advanced AI applications, and synthetic virtual data generation [6] Research and Development - The founding team has extensive experience from leading companies like NVIDIA and Microsoft, contributing to the company's strong R&D capabilities [7] - As of September 30, 2024, the R&D team comprises 615 personnel, accounting for 44.3% of the total workforce [7] - The company aims to provide physically accurate synthetic data solutions for intelligent embodied enterprises [7]