知名AI科技公司冲刺IPO：拟将募集资金的约30%用于加强研发及技术基础设施！公司3年半亏了超7亿元

Core Viewpoint - Nuanwa Insight Technology Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, aiming to raise funds primarily for R&D, geographic expansion, strategic investments, and operational costs [1][6]. Group 1: Financial Performance - Nuanwa's revenue for the reporting period (2022-2025) was primarily derived from AI underwriting solutions, with revenue shares of 62.5%, 70.6%, 77.6%, and 74.5% respectively [3]. - The company reported revenues of 345 million, 655 million, 944 million, and 431 million RMB during the same period, with cumulative losses amounting to approximately 718 million RMB [6]. - Customer concentration remains high, with revenues from the top five clients accounting for 92.3%, 82.9%, 78.9%, and 73.6% of total revenue during the reporting period [6]. Group 2: Client Base and Solutions - As of December 31, 2024, Nuanwa's solutions have been adopted by 90 insurance companies, including 8 of the top 10 insurance companies in China by premium income [2]. - The number of clients increased from 62 to 163 over the reporting period, indicating a growth trend [4]. - Nuanwa offers two main solutions: AI underwriting solutions and AI claims solutions, with a focus on innovative insurance products for patients with pre-existing conditions [2]. Group 3: Strategic Partnerships - ZhongAn Online is both the largest single client and a supplier for Nuanwa, highlighting a deep business integration between the two companies [6][7]. - Nuanwa has engaged in multiple transactions with ZhongAn Online for services, citing cost-effectiveness as a reason for choosing this related party as a supplier [7]. - The company was co-founded by Lu Min and ZhongAn Online, with Lu Min having over 20 years of experience in the insurance technology sector [8].