合合信息二次递表港交所 扫描全能王已上线超15年、MAU超1亿

Company Overview - Shanghai Hehe Information Technology Co., Ltd. (688615.SH) has submitted a listing application to the Hong Kong Stock Exchange, with China International Capital Corporation as its sole sponsor [1] - The company has been dedicated to AI technology innovation, providing products to over a billion users globally across diverse industries [4] - Hehe Information is a leader in the global text intelligence technology field, driven by its multimodal large language model capable of processing various data forms [4] Financial Performance - The company reported revenues of approximately RMB 988 million, RMB 1.188 billion, RMB 1.438 billion, and RMB 1.303 billion for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [6] - Gross profit figures for the same periods were approximately RMB 827 million, RMB 1 billion, RMB 1.212 billion, and RMB 1.126 billion, with gross margins of 83.7%, 84.3%, 84.3%, and 86.4% [7] - Net profit for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, was approximately RMB 284 million, RMB 323 million, RMB 401 million, and RMB 351 million, respectively [8] Market Position - According to Zhaoshang Consulting, Hehe Information ranks first in China and fifth globally among companies with C-end efficiency AI products, with a monthly active user count exceeding one million [4] - The company’s flagship product, "Scanner All-in-One," is the largest image text processing AI product globally, achieving over 100 million monthly active users and a compound annual growth rate (CAGR) of over 20% from 2022 to 2024 [4] Product Development - Hehe Information has developed a range of C-end products, including "Scanner All-in-One," "Business Card All-in-One," and "Qixinbao," leveraging AI technology for enhanced user experience [5] - The company has introduced innovative features such as AI precise recognition and AI business card insights, further expanding its product offerings [5] Industry Insights - The global AI product market is projected to reach USD 46.5 billion in 2024, with expectations to grow to USD 228 billion by 2029, reflecting a CAGR of 37.4% [11] - The C-end AI product market is expected to grow from USD 10.9 billion in 2024 to USD 77.1 billion by 2029, with efficiency AI products holding the largest market share [13][16]