Zheng Quan Shi Bao Wang·2026-01-14 00:59Group 1: Company Overview - Sunmi Technology has submitted a listing application to the Hong Kong Stock Exchange, with Deutsche Bank, CITIC Securities, and Agricultural Bank of China International as joint sponsors [1] - The company is the largest provider of Android-based BIoT solutions globally, holding over 10% market share based on projected revenue for 2024 [1] - Sunmi's solutions integrate smart hardware, software, and data insights to facilitate the digital transformation of offline business scenarios, enhancing efficiency in payment, membership management, and order fulfillment processes [1] Group 2: Business Growth and Market Presence - The company's business network spans over 200 countries and regions, covering more than 100 industry segments including restaurants, supermarkets, fitness centers, clinics, and logistics [1] - The number of global business partners has increased from approximately 44,000 at the end of 2022 to about 64,000 by the end of September 2025 [1] - The monthly active smart devices have grown significantly from around 3.2 million at the end of 2022 to approximately 5.8 million by the end of September 2025 [1] Group 3: Product and Client Base - Core products include smart devices based on the proprietary commercial operating system SUNMI OS and the BIoT PaaS platform, providing unified software infrastructure and development tools for merchants and developers [1] - The company serves over 70% of the top 50 global food and beverage companies, as well as more than 70% of China's top 100 restaurant brands and over 60% of the top 100 chain stores [1] Group 4: Industry Outlook - According to Frost & Sullivan, the global market for Android-based BIoT solutions is expected to experience explosive growth, with a compound annual growth rate of 23.7% from 2024 to 2029, increasing from approximately 32 billion RMB in 2024 to around 92 billion RMB by 2029 [2]