明略科技-W通过港交所聆讯 公司为中国最大的数据智能应用软件供应商

Core Viewpoint - Minglue Technology, formerly known as Huizhi Holdings, is set to go public on the Hong Kong Stock Exchange, with CICC as its sole sponsor. The company is recognized as the largest data intelligence application software provider in China based on projected total revenue for 2024 [1]. Industry Overview - The rapid advancement of big data and artificial intelligence technologies, particularly the development of general large models, has led to increased emphasis on digitalization and intelligence in business across various industries. The deep integration of data intelligence with business decision-making is becoming a future trend [4]. - The Chinese data intelligence application software market is expected to grow significantly, from RMB 32.7 billion in 2024 to RMB 67.5 billion by 2029, representing a compound annual growth rate (CAGR) of 15.6% [4]. Company Overview - Minglue Technology is a leading data intelligence application software company in China, providing products and solutions that encompass marketing and operational intelligence across both online and offline scenarios. The company aims to transform enterprise marketing and operational strategies through the use of large models, industry-specific knowledge, and multimodal data [4]. - The company's main clients include businesses in the consumer goods, food and beverage, automotive, and 3C industries, as well as offline retail and restaurant chain operators. These clients utilize the company's comprehensive marketing intelligence products to enhance customer engagement, brand image, sales conversion, and business growth [5]. Financial Performance - Revenue from the company's largest clients accounted for 11.9%, 24.4%, 19.3%, 20.0%, and 18.9% of total revenue for the years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [5]. - The company's gross profit margins for 2022, 2023, and 2024 were 53.2%, 50.1%, and 51.6%, with a projected margin of 55.9% for the six months ending June 30, 2025 [5]. - Research and development expenditures for the years 2022, 2023, and 2024 were RMB 751 million, RMB 481 million, and RMB 353 million, respectively [5]. - The company recorded net profits of RMB 1.638 billion, RMB 318 million, and RMB 794,900 for the years 2022, 2023, and 2024, with net losses of RMB 98.66 million and RMB 204 million for the six months ending June 30, 2025 [6].