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特斯联成为预在港上市的最大AI企业,强劲业绩吸引资本加持
Sou Hu Cai Jing·2025-06-26 09:34

Group 1 - The Hong Kong capital market is experiencing a new wave of technology company IPOs, with AIoT company Teslin becoming a focal point in this trend [1][3] - From January to April 2025, 19 companies successfully listed on the Hong Kong stock market, raising a total of HKD 21.3 billion, nearly three times the amount raised in the same period last year [1] - As of May 20, 2025, 24 companies have listed on the main board of Hong Kong, with total funds raised exceeding HKD 60 billion, and around 150 companies are currently waiting to go public [1][3] Group 2 - The continuous optimization of the policy environment in Hong Kong has opened doors for technology companies, with the introduction of new listing rules that facilitate the process for unprofitable innovative enterprises [3] - The "Special Line for Science and Technology Enterprises" policy launched by the Hong Kong Stock Exchange in May 2025 allows specialized technology and biotech companies to submit applications confidentially, significantly enhancing the certainty of the listing process [3] - For technology companies in explosive growth sectors like AI, 5G, and smart vehicles, listing in Hong Kong provides strategic value by connecting them to a broad international capital pool and enhancing their global brand influence [3] Group 3 - Teslin's revenue for 2024 is projected to reach CNY 1.843 billion, representing a substantial growth of 83.2% compared to 2023, with a compound annual growth rate of 58.0% from 2022 to 2024 [3][4] - The company's total expenses for sales, management, and R&D as a percentage of revenue decreased significantly from 76.9% in 2023 to 45.0% in 2024, indicating improved operational efficiency [4] - Teslin's accounts receivable turnover days have improved from 238 days in 2022 and 180 days in 2023 to 104 days in 2024, reflecting enhanced capital turnover efficiency [4] Group 4 - In early 2025, Teslin successfully completed a D++ round of financing, attracting investments from state-owned capital and industry funds, which solidified its financial foundation for the IPO journey [4] - The company has established three strategic directions in the AIoT field: AIoT models, AIoT infrastructure, and AIoT intelligent agents, with its technology system validated in practical projects [4] - By the end of 2024, Teslin's order backlog reached CNY 2.3 billion, with revenue from its AI industrial digitalization business soaring by 162.9% to CNY 1.64 billion, accounting for 89% of total revenue [4]