Manycore Tech(US:KOOL) Jin Rong Jie·2025-08-22 10:42Core Viewpoint - The company, Qunhe Technology, is progressing towards its IPO with a strong financial performance and significant growth in its AI-related business solutions [1][2][3] Financial Performance - In the first half of 2025, Qunhe Technology achieved a revenue of 400 million yuan, serving over 433,000 individual customers and 47,000 enterprise customers [2] - The company reported a net profit of 17.83 million yuan for the same period, marking a turnaround to profitability [1] - The enterprise customer net revenue retention rate reached 101.6%, while the large customer retention rate was 110.0% [2] - The gross margin improved to 82.1% as operating costs decreased from 164 million yuan in 2022 to 71.5 million yuan in the first half of 2025 [2] Business Development - Qunhe Technology has evolved into the world's largest space design platform, with over 441 million 3D models and more than 500 million structured 3D spatial scene data [1] - The company has launched AI-driven solutions, such as the "Cool Home E-commerce Studio," which has seen a 188% year-on-year revenue growth in the e-commerce sector [3] - The AI design platform introduced in March 2025 generated over 1.1 billion design images in the first half of 2025, with cumulative orders exceeding 16 million yuan [3] - The SpatialVerse platform is enhancing AI capabilities in various applications, collaborating with companies in the fields of embodied intelligence and AR/VR systems [3]