Manycore Tech(US:KOOL) Zhi Tong Cai Jing·2025-08-22 07:28Core Viewpoint - Manycore Tech Inc. has submitted an application for listing on the Hong Kong Stock Exchange, with JPMorgan and CCB International as joint sponsors [1] Company Overview - Manycore is a leading provider of cloud-native space design software, widely used in various business scenarios including residential, office, retail, and commercial projects. The software leverages AI technology and dedicated GPU clusters to create engaging designs with real-time immersive visual effects [3] - The company targets the space design software market and is the largest provider in China, holding approximately 23.2% market share as of 2024. The market value of China's space design software industry is projected to reach RMB 3.3 billion in 2024, with an expected growth to RMB 6.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 14.9% [3] Product Matrix - Manycore's flagship product, CoolJia, is a cloud-native space design software primarily aimed at the Chinese market. Users can quickly start new designs using drag-and-drop 3D models and experience realistic rendering in real-time. As of June 30, 2025, the database includes over 441.4 million 3D models and design elements, with approximately 61.6 million publicly accessible [4] - Coohom, launched in 2018, is designed for international users, targeting markets in South Korea, Southeast Asia, India, the United States, and Japan [4] - The company also offers professional services to enterprise clients, including modeling services, technical configuration, and customer training. The SpatialVerse platform, set to launch in 2024, aims to provide next-generation spatial intelligence solutions, enhancing AI development in indoor environments [4] Financial Performance - Manycore has adopted a freemium marketing model and product-led growth strategy, gaining popularity among designers. As of June 30, 2025, the average monthly active users reached approximately 2.7 million. The software processes millions of renderings and billions of API calls daily [5] - Financially, Manycore reported revenues of approximately RMB 601 million, RMB 664 million, RMB 755 million, and RMB 399 million for the fiscal years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively. The corresponding losses were approximately RMB 704 million, RMB 646 million, RMB 513 million, and RMB 226 million [6][9]