海清智元IPO递表前夕估值涨9倍至35.5亿，推手成立仅2天

Company Overview - Shenzhen Haijing Zhiyuan Technology Co., Ltd. (referred to as "Haijing Zhiyuan") has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, with Minyin Capital and Puyin International as joint sponsors [3] - Established in 2013, Haijing Zhiyuan is a leading Chinese company in the field of multispectral AI technology, providing products and services that can detect both visible and invisible physical information [3] Financial Highlights - As of July 2025, Haijing Zhiyuan has completed five rounds of financing, with its valuation reaching 3.55 billion yuan, a ninefold increase compared to its Series A financing [7] - The most recent financing round occurred on July 18, 2025, just under a month before the IPO application submission, with the Series D financing seeing an investment of 50 million yuan from Shanghai Zhi De Jiu Hao Private Investment Fund [7] - The valuation during the Series D financing was 3.55 billion yuan, reflecting a 2.5 times increase from the previous Series C+ round [7] Shareholding Structure - Prior to the IPO, key shareholders include Zhou Bo with a direct holding of 5.96%, and other entities such as Zhongcheng Tianying holding 38.34%, Zhongzheng Tianying 2.79%, and Zhongzhi Tianying 1.79%, leading to a total of 48.87% held by controlling shareholders [6]