Sou Hu Cai Jing·2026-01-14 11:22Core Viewpoint - Shanghai Sunmi Technology Group Co., Ltd. has officially launched its IPO process on the Hong Kong Stock Exchange, focusing on smart commercial devices and integrated "end-cloud" services [2] Group 1: Business Overview - Sunmi Technology has developed a product and service system centered around smart commercial devices, the SUNMIOS operating system, and an IoT cloud management platform, creating a unique BIoT solution [2] - The BIoT solution includes two core components: smart devices equipped with SUNMIOS to optimize transaction and operational processes, and a BIoTPaaS platform that provides unified software infrastructure and ready-to-use development tools for merchants and developers [2] - As of December 31, 2024, the application downloads in Sunmi's app market have reached approximately 200 million, indicating sustained ecosystem vitality [2] Group 2: Market Penetration - Sunmi Technology's smart device matrix has penetrated 15 major industries and over 100 sub-verticals, including restaurants, supermarkets, fitness, clinics, and logistics [3] - The company's client base includes well-known domestic and international brands such as UberEats, Meituan, Xiaomi, 7-Eleven, KFC, Alibaba, WeChat Pay, and SF Express, showcasing strong market recognition of its products and services [3] Group 3: Financial Performance - From 2022 to 2024, Sunmi Technology's revenue figures were 3.4 billion, 3.071 billion, and 3.456 billion yuan, consistently maintaining a scale above 3 billion [3] - Gross profits for the same period were 957 million, 821 million, and 997 million yuan, indicating a steady improvement in profit quality [3] - Net profits were 160 million, 100 million, and 181 million yuan, reflecting a positive growth recovery trend [3] Group 4: Shareholder Background - Sunmi Technology has a strong shareholder base, with Ant Group holding 27.27% through Yunxin Venture Capital, Meituan's Shanghai Hantao Information Consulting Co., Ltd. holding 8.20%, and Xiaomi's Tianjin Jinxing Venture Capital Co., Ltd. holding 7.78% [4] - The company has been recognized as the largest Android-based BIoT solution provider globally with over 10% market share in 2024 and has received various qualifications, including national-level "specialized and innovative" status [4] - By 2025, Sunmi Technology plans to establish 15 overseas branches, further supporting its future development [4]