德风科技冲刺港股IPO：聚焦AIoT领域，近年业绩波动中显增长潜力

Core Viewpoint - Defeng Technology has submitted its prospectus to the Hong Kong Stock Exchange for an initial public offering (IPO), aiming to enhance its capital base for growth in the AIoT sector [1][3]. Group 1: Company Overview - Defeng Technology is a technology company based in Beijing, focusing on AI-enabled Industrial Internet of Things (AIoT) solutions, aiming to improve energy efficiency, operational excellence, safety, and sustainability in various industries [3]. - The company has developed an end-to-end Delt@AIoT platform and application suite, which includes energy management and smart manufacturing solutions, leveraging AI, IoT, digital twin, and edge computing technologies [3]. Group 2: Financial Performance - The company reported steady revenue growth from 2022 to 2024, with revenues of RMB 313 million, RMB 442 million, and RMB 525 million respectively [3]. - Despite the revenue growth, Defeng Technology faced losses during the same period, with losses of RMB 165 million, RMB 297 million, and RMB 228 million [3]. - In the first half of 2025, the company achieved revenue of RMB 159 million, a year-on-year increase of 38.85%, while narrowing its loss to RMB 39.9 million compared to RMB 188 million in the same period the previous year [3]. Group 3: Financial Data Summary - For the fiscal years 2023 to 2025, the company's revenue figures were RMB 442 million, RMB 525 million, and RMB 275 million for the first nine months respectively, with total losses of RMB 297 million, RMB 228 million, and RMB 114 million [4][5]. - The company has consistently increased its R&D expenditure to support technological innovation, reinforcing its market position in the AIoT sector [5].