杭州六小龙之一冲刺港股IPO，年入7亿毛利超8成，今年刚扭亏为盈

Core Viewpoint - Qunhe Technology has officially submitted its IPO application to the Hong Kong Stock Exchange, aiming to become the "first global space intelligence stock" [1][3]. Financial Performance - In the first half of 2025, the company achieved revenue of 399 million yuan, a year-on-year increase of 9%, and turned a profit with an adjusted net profit of 17.83 million yuan [1]. - Revenue is projected to grow from 601 million yuan in 2022 to 664 million yuan in 2023, and further to 755 million yuan in 2024, driven by increased subscription revenue from major clients and an expanded customer base [1]. - The company reported net losses of 704 million yuan in 2022, 646 million yuan in 2023, and 513 million yuan in 2024 [1]. - Gross margins are expected to improve from 72.7% in 2022 to 82.1% in the first half of 2025 [1]. Business Strategy and Product Development - Qunhe Technology, founded in 2011, is transitioning to become a "space intelligence infrastructure provider" and has launched the Aholo space intelligence open platform and the new product LuxReal [3][4]. - The Aholo platform integrates core 3D capabilities and offers foundational capabilities such as space reconstruction, generation, understanding, and editing, allowing users to create high-fidelity 3D spaces from various inputs [4]. - The company has announced a strategic partnership with Huace Film & TV, focusing on virtual film set generation and film scene reconstruction [4]. New Product Launches - LuxReal, a new AI 3D content creation tool, utilizes the self-developed AI 3D generation model Lux3D and combines image and video generation models to efficiently create creative video content [6]. - LuxReal aims to enhance the practicality of AI-generated videos in sectors such as e-commerce, industrial design, and gaming, and is set to begin global internal testing in December [6].