Manycore Tech(US:KOOL) Zheng Quan Shi Bao·2025-12-09 08:10Core Insights - Qunhe Technology, one of the "Six Little Dragons" of Hangzhou, aims to become a "water seller" in spatial intelligence, focusing on providing foundational capabilities for the technology to accelerate its application in the real world [1] - The company is transitioning from a 3D software provider to a spatial intelligence infrastructure provider, expanding its mission to assist intelligent agents like embodied intelligence and AIGC [1] Group 1: Aholo Spatial Intelligence Open Platform - Qunhe Technology launched the Aholo spatial intelligence open platform, integrating 14 years of core capabilities in spatial reconstruction, generation, editing, and understanding [2] - The platform is currently in internal testing, allowing developers and enterprises to access capabilities via API or SDK to create high-fidelity 3D spaces [2] - A strategic partnership was formed with Huace Film & TV to enhance the application of spatial intelligence in film content creation and production [2] Group 2: LuxReal 3D AI Content Creation Tool - The LuxReal tool, based on Qunhe's AI 3D generation model Lux3D, aims to create the first 3D Agent system by integrating 3D rendering and video enhancement [3] - The tool addresses the current limitations of AI video generation, enhancing its applicability in e-commerce, industrial design, and gaming [3] - Global internal testing for LuxReal is set to begin in mid-December [3] Group 3: Collaborations and Innovations - Qunhe Technology is leveraging its spatial data advantages to collaborate with Motphys and Digua Robotics on innovative solutions for robot simulation training [4] - A partnership with XR platform PICO aims to create the largest interactive XR asset library, enhancing content production for developers and enterprises [5] - The company has upgraded its product matrix, including the launch of an AI design platform that significantly improves efficiency in space design [5] Group 4: Financial and Market Position - Qunhe Technology is progressing with its IPO on the Hong Kong Stock Exchange, aiming to become the first global spatial intelligence stock [5] - The company reported an adjusted net profit of 17.83 million yuan for the first half of 2025, indicating a turnaround from previous losses [5] - Qunhe has attracted investments from several prominent firms, including IDG Capital and Hillhouse Capital [5]