Wondershare(SZ:300624) Zhi Tong Cai Jing·2025-09-26 07:04Core Viewpoint - Wanjing Technology (万兴科技) has submitted an application for listing on the Hong Kong Stock Exchange, with CICC acting as the sole sponsor [1]. Company Overview - Wanjing Technology is a global provider of AIGC digital creative software, focusing on video creative products and aims to become a century-old influential software company [4]. - The company has been listed on the Shenzhen Stock Exchange since January 18, 2018, and has launched several AIGC digital creative software products, including flagship products like Filmora and new products such as Tianmu AI and ToMoviee AI [4]. Market Potential - The AIGC video creative software market is rapidly growing, with the market size expected to increase from approximately $800 million in 2020 to $10.5 billion by 2024, representing a compound annual growth rate (CAGR) of 90.3%. The market is projected to reach around $24.8 billion by 2029 [4]. Competitive Position - As of 2024, Wanjing Technology ranks first among independent third-party providers in China within the global AIGC video creative software market, holding a market share of 1.3% [4]. Financial Performance - Revenue for the six months ending June 30, 2024, is projected to increase by 7.7% to RMB 759.453 million, driven by sales growth in AIGC digital creative software and utility products [5].