中国最大独立保险AI科技公司暖哇科技拟赴港上市，CEO曾任职阿里云、上海保交所

Core Viewpoint - Warmwa Technology has submitted its listing application to the Hong Kong Stock Exchange, positioning itself as the largest independent AI technology company in China's insurance industry [1][2]. Company Overview - Warmwa Technology was established in 2018 and has received multiple rounds of financing from funds such as Sequoia China, Longfor Capital, and KTB [2]. - The largest institutional shareholder is ZhongAn Online, holding 31.65% of the shares [2]. - CEO Lu Min has over 20 years of experience in the insurance technology sector and has previously held significant positions in companies like Alibaba Cloud and Shanghai Insurance Exchange [2]. Market Position - According to Frost & Sullivan, Warmwa Technology is the largest independent AI technology company in China's insurance industry based on the number of insurance cases processed in 2024 [4]. - It is also the largest AI technology company with full-stack risk analysis capabilities in the health insurance sector in China, based on revenue projections for 2024 [4]. Financial Performance - The company's revenue for 2022, 2023, and 2024 was 345 million, 655 million, and 944 million respectively, with a compound annual growth rate (CAGR) of 65.5% [4]. - Net losses for the same years were 223 million, 240 million, and 155 million, while adjusted net profits were -79.31 million, -18.515 million, and 57.5 million respectively [4]. - In the first half of 2025, Warmwa Technology achieved a revenue of 431 million, slightly up from 427 million in the same period last year, with a net loss of approximately 100 million compared to 145 million the previous year [5]. Product Offering - Warmwa Technology provides advanced AI-driven risk analysis solutions that help insurance companies optimize workflows from underwriting to claims settlement [5]. - The two core intelligent systems, "Alamos" and "Robor," are designed for underwriting solutions and claims solutions respectively, utilizing extensive insurance sales expertise and operational insights [5]. Industry Challenges - The company acknowledges facing various uncertainties and risks as a participant in the rapidly evolving insurance AI technology market [5]. - There are concerns regarding the potential for competitors to develop similar products using open-source models that Warmwa Technology has utilized in its AI development [5].