明略科技通过港股上市聆讯：经营利润转正 企业级AI带来增长新动能

Core Insights - Mininglamp Technology has passed the main board listing hearing, positioning itself as the largest data intelligence application software provider in China based on projected 2024 total revenue [1] - The company has successfully transitioned from big data services to multimodal large model technology, marking a significant strategic shift [1] Financial Performance - Mininglamp Technology reported revenue of 1.269 billion yuan, 1.462 billion yuan, and 1.381 billion yuan for the years 2022, 2023, and 2024 respectively, with gross profits of 676 million yuan, 733 million yuan, and 713 million yuan, maintaining a gross margin above 50% [2] - In the first half of 2025, the company achieved revenue of 644 million yuan, a 14% increase from 565 million yuan in the same period last year, and turned operational profit of approximately 6.14 million yuan [2][3] Business Segments - The marketing intelligence segment generated revenue of 354 million yuan, a 9.7% year-on-year increase, while the operational intelligence segment saw revenue of 269 million yuan, growing by 16.8% [3] - The company's gross margin improved to 55.9%, up 5.3 percentage points from the previous year, attributed to product structure optimization and enhanced delivery efficiency [3] Technological Advantages - Mininglamp Technology has developed a robust technological foundation over nearly two decades, focusing on a rich data ecosystem, deep industry knowledge, and proprietary large models tailored for enterprise needs [4] - The company holds 2,322 patents and has 596 patent applications, covering key technology areas such as data intelligence and enterprise knowledge graphs [4] Innovation and Future Growth - The company has established a closed-loop system of "technology research and development - product transformation - scenario validation - data feedback," enhancing its competitive edge and facilitating rapid commercialization [5] - In September 2025, Mininglamp Technology launched its new core product line, DeepMiner, aimed at providing enterprise-level proprietary large model solutions, which is expected to drive new revenue growth [5][6] Market Outlook - The Chinese data intelligence application software market is projected to grow from 32.7 billion yuan in 2024 to 67.5 billion yuan by 2029, with a compound annual growth rate of 15.6% [6] - Mininglamp Technology is positioned to capitalize on this growth as it aims to establish itself as a global AI technology innovation center and business service platform following its potential listing on the Hong Kong stock exchange [6]