新股消息 | 海马云再度递表港交所 为中国最大的云游戏实时云渲染服务GPUaaS提供商

Company Overview - Haima Cloud is the largest GPUaaS provider for real-time cloud rendering services in China's cloud gaming sector, holding a market share of 17.9% based on 2024 revenue [3] - The company offers GPUaaS solutions that allow users to access GPU-based computing resources remotely and cost-effectively, primarily serving industries such as gaming, digital entertainment, digital tourism, and digital education [3][4] - As of December 31, 2024, Haima Cloud provided services to nine of the top ten market participants in China's cloud gaming industry, establishing long-term partnerships with major players like China Mobile and leading game developers [4] Financial Performance - Revenue figures for Haima Cloud are as follows: approximately RMB 290 million in 2022, RMB 337 million in 2023, RMB 520 million in 2024, RMB 423 million for the ten months ending October 31, 2024, and RMB 584 million for the ten months ending October 31, 2025 [6] - The total loss and comprehensive expenses for the company were approximately RMB 246 million in 2022, RMB 218 million in 2023, RMB 186 million in 2024, RMB 135 million for the ten months ending October 31, 2024, and RMB 149 million for the ten months ending October 31, 2025 [7] Industry Overview - The global real-time cloud rendering service market is projected to grow from RMB 11 billion in 2020 to RMB 29.7 billion by 2024, with a compound annual growth rate (CAGR) of 28.1% from 2020 to 2024, and expected to reach RMB 87 billion by 2029 [10] - The Chinese real-time cloud rendering service market is expected to grow from RMB 2.4 billion in 2020 to RMB 8 billion by 2024, with a CAGR of 34.4% from 2020 to 2024, and projected to reach RMB 33.2 billion by 2029 [11] - The gaming industry is expanding globally, with the market size increasing from RMB 1,245.6 billion in 2020 to RMB 1,336.7 billion in 2024, and expected to reach RMB 1,632 billion by 2029, reflecting a CAGR of 1.8% from 2020 to 2024 [13]