UNIS(SZ:000938) 智通财经网·2025-12-04 00:14Core Viewpoint - Unisoc Co., Ltd. (紫光股份) has submitted its application for listing on the Hong Kong Stock Exchange, with CITIC Securities International, BNP Paribas, and China Merchants International as joint sponsors [1]. Company Overview - Unisoc is a digital solutions provider, offering ICT infrastructure products (including computing, storage, connectivity, and security) and cloud services, primarily for AI training, inference, and big data processing [4]. - Over 90% of the company's revenue comes from mainland China, with less than 10% from overseas markets [4]. - According to Frost & Sullivan, Unisoc is projected to be the third-largest supplier in China's digital infrastructure market by revenue in 2024, holding an 8.6% market share [4]. Financial Performance - The company recorded revenues of RMB 737.52 billion, RMB 775.38 billion, RMB 790.24 billion, and RMB 474.25 billion for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [7]. - The net profit for the same periods was RMB 37.42 billion, RMB 36.85 billion, RMB 19.82 billion, and RMB 12.85 billion [8]. - The gross profit margins for these years were 19.8%, 18.5%, 16%, and 14.4% [10]. Market Overview - The global digital solutions market has shown stable growth, increasing from USD 1.5 trillion in 2020 to USD 2.6 trillion by 2024, with a CAGR of 14.1% [12]. - The Chinese digital solutions market is expected to grow from RMB 1.0 trillion in 2020 to RMB 1.9 trillion by 2024, with a CAGR of 18.1% [14]. - The global digital infrastructure market is projected to grow from USD 250.8 billion in 2020 to USD 439.6 billion by 2024, with a CAGR of 15.1% [16]. - The Chinese digital infrastructure market is expected to increase from RMB 339.7 billion in 2020 to RMB 614.4 billion by 2024, with a CAGR of 16.0% [17]. Distribution and Sales Channels - As of June 30, 2025, the company has established a sales and service network in over 100 countries and regions, with 32 overseas subsidiaries [5]. - The company has a large distribution network comprising over 7,300 distributors, enhancing its market penetration [5].