新股消息 | 明略科技-W递表港交所 公司为中国最大的数据智能应用软件供应商

Core Viewpoint - Minglue Technology, formerly known as Huizhi Holdings Limited, has submitted an application to the Hong Kong Stock Exchange for a main board listing, with China International Capital Corporation as its sole sponsor. The company is recognized as the largest data intelligence application software provider in China based on total revenue for 2023 [1]. Company Overview - Minglue Technology is a leading data intelligence application software company in China, providing data intelligence products and solutions that cover marketing and operational intelligence across online and offline scenarios. The company aims to transform enterprise marketing and operational strategies using large models, industry-specific knowledge, and multimodal data [4]. - As of December 31, 2024, the company holds 2,177 patents and has 926 patent applications, with over 450 domestic and international awards. Specifically, it possesses 1,167 invention patents in areas such as data intelligence, enterprise knowledge graphs, and data privacy [4]. Client Base - The primary clients of the company include enterprises in the consumer goods, food and beverage, automotive, and 3C industries, which operate both online and offline. These clients utilize the company's comprehensive marketing intelligence products to reach customers, build or enhance brand image, achieve sales conversion, and drive business growth. Additionally, offline retail and restaurant chain operators focus on creating future-oriented stores, optimizing business processes, enhancing customer experience, and maintaining long-term growth [4]. - Revenue from the company's largest customer accounted for 11.9%, 24.4%, and 19.3% of total revenue in 2022, 2023, and 2024, respectively [4]. Financial Performance - The company's gross margins for 2022, 2023, and 2024 were 53.2%, 50.1%, and 51.6%, respectively. Research and development expenditures were RMB 751 million, RMB 480 million, and RMB 353 million for the same years [5]. - Net profits recorded were RMB 1.638 billion, RMB 318 million, and RMB 7.949 million for 2022, 2023, and 2024, respectively. The net profit was primarily influenced by the fair value changes of preferred shares, warrants, and convertible bonds, amounting to RMB 2.815 billion, RMB 585.5 million, and RMB 186 million for the respective years [5][6]. - Adjusted net losses (non-Hong Kong Financial Reporting Standards) were RMB 1.099 billion, RMB 174 million, and RMB 45.1 million for 2022, 2023, and 2024 [6].