Core Viewpoint - Wisdom Interconnect Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities and China Jianyin Investment as joint sponsors [1]. Company Overview - Wisdom Interconnect is a leading provider of artificial intelligence technology and spatial intelligent solutions in China, focusing on urban traffic management [3]. - The company is actively exploring application scenarios in various global cities, including airports, schools, industrial parks, commercial areas, and nature reserves, to seize opportunities in the global high-precision AI solutions market [3]. Market Position - According to Frost & Sullivan, Wisdom Interconnect ranks fourth among all spatial intelligent solution providers in China's smart transportation industry, holding a market share of 6.6% based on projected 2024 revenue [3]. - The company ranks first among all spatial intelligent roadside solution providers in the same industry, with a market share of 19.3% based on projected 2024 revenue [3]. Market Growth - The global high-precision AI solutions market is projected to grow from RMB 47.7 billion in 2019 to RMB 222.5 billion by 2024, representing a compound annual growth rate (CAGR) of 36.1% [3]. - The market is expected to reach RMB 1,433 billion by 2029, with a CAGR of 42.2% from 2025 to 2029 [3]. Financial Performance - Revenue increased from RMB 538.4 million in 2022 to RMB 617.6 million in 2023, reflecting a growth of 14.7%, and is projected to further increase by 13.1% to RMB 698.7 million in 2024 [4]. - For the six months ending June 30, 2025, revenue decreased to RMB 102.9 million from RMB 210.3 million in the same period of 2024, primarily due to fluctuations in project milestones [4]. Financial Data Summary - Revenue and gross profit margins have shown fluctuations, with gross profit margin increasing from 23.7% in 2022 to 25.0% in 2023, and further to 29.9% in 2024 [7]. - The company reported a pre-tax loss of RMB 359.8 million in 2022, which decreased to RMB 256.7 million in 2023, but increased again to RMB 287.7 million in 2024 [7].
新股消息 | 智慧互通科技股份有限公司递表港交所 在空间智能路侧解决方案提供商中排名业内第一
智通财经网·2025-11-02 05:57