五一视界冲刺港股IPO

Core Viewpoint - Beijing Wuyi Shijie Digital Twin Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors [1] Company Overview - Wuyi Shijie is a digital twin technology company in China, focusing on 3D graphics, simulation, and artificial intelligence [2] - The company provides digital twin solutions across various industries, including urban planning, water resource protection, energy, automotive, transportation, robotics, entertainment, and social media [2] - Founded in February 2015, the company aims to create a 1:1 digital twin of the real world to enhance efficiency, safety, and quality [2] Technology and Market Potential - Digital twin technology generates high-precision virtual replicas of physical objects or systems, allowing users to observe, analyze, and predict behaviors and changes over time [2] - The company identifies five elements (buildings, roads, vegetation, water bodies, and terrain) and five stages (static world, dynamic world, semi-simulated world, fully simulated world, and digital twin world) in creating a digital twin of the Earth [3] Financial Performance - Revenue for the first six months of 2022, 2023, 2024, and 2025 was RMB 170 million, 256 million, 287 million, and 54 million respectively, indicating growth potential in the digital twin market [3] - However, the company has not achieved profitability since its inception, with losses of RMB 190 million, 87 million, 79 million, and 94 million for the same periods [4] - Adjusted net losses were RMB 132 million, 68 million, 43 million, and 67 million respectively, highlighting the need for revenue growth and cost optimization [3][4]