“碰一下”风口上的商米科技：冲刺港股IPO再遇信息安全“拷问”

Core Viewpoint - The focus on data protection and information security has intensified as Shanghai Sunmi Technology Group Co., Ltd. (Sunmi Technology) prepares for its IPO in Hong Kong, following previous regulatory scrutiny during its attempt to list on the STAR Market in 2021 [1][2][3]. Group 1: Regulatory Scrutiny - Sunmi Technology has faced multiple inquiries from regulatory bodies regarding data compliance, particularly concerning user information collection, storage, and usage [3][4]. - The China Securities Regulatory Commission (CSRC) has requested Sunmi Technology to provide additional information on its information security practices, including the scale of user data collected and whether personal user information is shared with third parties [3][6]. - The company previously withdrew its A-share IPO application in 2022 after facing two rounds of inquiries from the Shanghai Stock Exchange [5][6]. Group 2: Business Operations and Partnerships - Sunmi Technology has been a key provider of devices for mobile payment solutions, collaborating with Ant Group since 2018 to promote facial recognition payment systems [7][8]. - The company has deployed tens of thousands of devices across China, with its "Alipay Touch" service reaching over 400 cities and more than 100 million users [8][9]. - Sunmi Technology acknowledges that its business model necessitates frequent collection and processing of user data, raising concerns about data privacy and compliance [9]. Group 3: Financial Performance - Sunmi Technology's financial performance shows fluctuations, with revenues of 3.404 billion yuan, 3.071 billion yuan, and 3.456 billion yuan projected for 2022 to 2024, alongside net profits of 160 million yuan, 101 million yuan, and 181 million yuan [12]. - The company's revenue heavily relies on hardware sales, accounting for 99.5%, 98%, and 99.5% of total income from 2022 to 2024, indicating a lack of diversification in its business model [12].