暖哇科技报考港股上市：连续实现盈利，保险科技加速突围

Core Viewpoint - Warmwa Technology Co., Ltd. has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, backed by ZhongAn Online [1][3] Company Overview - Warmwa Technology was established in October 2018 in Shanghai, co-founded by Lu Min and ZhongAn Online, with ZhongAn holding approximately 31.65% of the shares and Lu Min holding about 28.76% [1][3] - Lu Min serves as the Executive Director, Chairman, and CEO of Warmwa Technology, while Cai Jianwei is the Executive Director and Co-CEO [3] Shareholding Structure - The initial registered capital of Warmwa Technology was 1 million RMB, with shareholders including Shanghai Longhao and ZhongAn Information Technology [4][5] - Warmwa Technology has undergone multiple rounds of financing, with notable investors including Sequoia Capital [5][6] Financial Performance - Revenue figures for Warmwa Technology are as follows: approximately 345 million RMB in 2022, 655 million RMB in 2023, 944 million RMB in 2024, and an estimated 431 million RMB in the first half of 2025 [9][10] - The company reported net losses of approximately 223 million RMB in 2022, 240 million RMB in 2023, and 155 million RMB in 2024, with an adjusted net profit of 57.5 million RMB in 2024 [10][11] Market Position and Growth Potential - Warmwa Technology is recognized as the largest independent AI technology company in China's insurance industry by the number of insurance cases processed in 2024 [8][9] - The total addressable market for AI technology in the Chinese insurance sector is projected to reach 746.8 billion RMB in 2024, growing to 1.3538 trillion RMB by 2029, with a compound annual growth rate of 12.6% from 2024 to 2029 [11][12]