2025年港股18C收官之作 “Physical AI第一股”五一视界开启招股

Group 1 - The core viewpoint of the article highlights the upcoming IPO of 51WORLD, a leading company in the Physical AI sector, which aims to raise up to HKD 8.41 billion through its global offering of 23.975 million shares priced at HKD 30.5 each [1][2] - The IPO is scheduled from December 18 to December 23, 2025, with the listing on the Hong Kong Stock Exchange expected on December 30, 2025 [1] - 51WORLD has established a comprehensive technological capability in Physical AI, integrating data fuel, spatial models, and training platforms, creating a unique ecosystem that is difficult to replicate [2][3] Group 2 - The company has launched three core business lines: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform), with applications in over 1,000 large and medium-sized enterprises across 19 countries [2] - 51WORLD's revenue has shown significant growth, increasing from HKD 170 million in 2022 to HKD 287 million in 2024, representing a compound annual growth rate of 30.02% [2] - In the first half of 2025, the company achieved revenue of HKD 53.82 million, a 62% increase compared to the same period in 2024 [2] Group 3 - The company has attracted substantial investment from notable entities, including domestic GPU pioneer Moore Threads and AI leader SenseTime, as well as well-known venture capital firms and individual investors [3] - The rarity of companies in the Hong Kong market that combine a full-chain Physical AI ecosystem with commercial validation positions 51WORLD as a key investment target in the AI hard technology sector [3]