保险AI科技公司暖哇递表港交所 3年半累计亏损约7.18亿元

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] Group 1: Business Overview - Nuanwa is recognized as the largest independent AI technology company in China's insurance industry, with its solutions adopted by 90 insurance companies, including 8 of the top 10 by premium income [2] - The company has executed over 204.3 million underwriting reviews and claims investigations, serving more than 41 million clients [2] - Nuanwa offers two main solutions: AI underwriting and AI claims solutions, and has launched 14 insurance products in collaboration with 7 major insurance companies [2] Group 2: Financial Performance - Revenue from AI underwriting solutions has increased significantly, accounting for 62.5% to 77.6% of total revenue during the reporting period [3] - The company reported revenues of 345 million, 655 million, 944 million, and 431 million yuan over the reporting period, with cumulative losses amounting to approximately 718 million yuan [4] - Customer concentration remains high, with revenue from the top five clients accounting for 92.3% to 73.6% of total revenue during the reporting period [4] Group 3: Client Relationships - Nuanwa's largest single client is ZhongAn Online, which is also a shareholder and supplier, indicating a deep business interconnection [4][5] - The company has paid ZhongAn for various services, with transaction amounts decreasing over the reporting period [5] Group 4: Financial Health - Nuanwa's current assets and liabilities indicate increasing short-term debt pressure, with current liabilities rising from 9.42 billion to 16.96 billion yuan during the reporting period [6] - The company was co-founded by Lu Min and ZhongAn Online in October 2018, with Lu Min serving as the CEO [6]