五一视界获证监会备案并更新招股书，进入港股IPO冲刺阶段｜最前线

Core Insights - The China Securities Regulatory Commission has approved Beijing Wuyi Vision Digital Twin Technology Co., Ltd. to issue up to 77,600,840 overseas listed shares and list on the Hong Kong Stock Exchange, indicating the company has met the prerequisites for the hearing stage [1] - Wuyi Vision, established in February 2015, focuses on technological innovation and application in 3D graphics, simulation, and artificial intelligence, with three core business platforms: 51Aes Digital Twin Platform, 51Sim Synthetic Data and Simulation Platform, and 51Earth Digital Earth Platform, serving over a thousand enterprises globally [1][2] - The global digital twin market is projected to reach $35 billion by 2025 and exceed $120 billion by 2030, with a compound annual growth rate (CAGR) of over 28%, highlighting significant growth potential in the industry [2] Company Performance - Wuyi Vision's revenue for the years 2022, 2023, 2024, and the first half of 2025 was reported as RMB 170 million, 256 million, 287 million, and 54 million respectively, with a year-on-year revenue growth of 62% in the first half of 2025 [2] - The corresponding net losses for the same periods were RMB 190 million, 87 million, 79 million, and 94 million, with adjusted net losses of RMB 132 million, 68 million, 43 million, and 67 million [2] Technological Innovations - Wuyi Vision has launched the Clonova spatial intelligence interactive platform, enabling users to interact in immersive 3D spaces through natural language processing technology, applicable in various sectors such as tourism, social entertainment, enterprise management, and urban planning [3] - The company is also focused on embodied intelligence, providing efficient simulation training and high-quality synthetic data to overcome challenges in physical AI data diversity and quality, enhancing the safety and efficiency of robots in the physical world [3] - If successful in listing on the Hong Kong Stock Exchange, Wuyi Vision is expected to strengthen its position as a key player in AI and digital twin technology innovation and industrialization [3]