4068倍超购燃爆港股！AI 新股海致科技（02706）剑指季度港股通

Core Viewpoint - The Hong Kong stock market is experiencing a surge in interest for AI-related IPOs, with HaiZhi Technology becoming a focal point due to its unique technology and strong institutional backing, leading to an unprecedented oversubscription of 4068 times for its public offering [1][4][14]. Group 1: Institutional Backing - HaiZhi Technology has attracted significant investment from top-tier institutions such as Junlian Capital, BAI, and Hillhouse Capital, indicating strong confidence in its long-term potential in the AI sector [3][4]. - The company has completed 13 rounds of financing since its establishment in 2013, with a diverse range of investors, including state-owned funds, enhancing its credibility and strategic value [3][4]. - The presence of high-profile cornerstone investors, including those from leading AI firms, underscores the market's belief in HaiZhi Technology's technological direction and potential for collaboration [3][4]. Group 2: Market Trends - The AI sector is witnessing a shift from generalized AI applications to vertical applications that deliver measurable value, with HaiZhi Technology positioned in a high-demand niche of "graph-model fusion" technology [6][8]. - The market for industrial AI solutions in China is projected to grow from 65.4 billion yuan in 2025 to 286.1 billion yuan by 2029, with a compound annual growth rate (CAGR) of 44.6% [6]. - HaiZhi Technology's specific segment is expected to see even more rapid growth, with a staggering CAGR of 140%, driven by urgent demand in sectors like finance and government [6][7]. Group 3: Company Strengths - HaiZhi Technology has established a robust technical barrier through its innovative "graph-model fusion" technology, which effectively addresses issues related to AI hallucinations [9][11]. - The company has demonstrated strong commercial performance, with projected revenues of 503 million yuan in 2024 and a CAGR of 26.8% from 2022 to 2024, indicating a clear path to profitability [11][12]. - The management team combines expertise from leading tech firms and academic institutions, providing a strong foundation for both strategic direction and technical innovation [13]. Group 4: Market Dynamics - The overwhelming demand for HaiZhi Technology's IPO, with over 4068 times subscription, reflects a broader trend in the market favoring companies that combine scarcity, institutional support, and strong performance [14][20]. - The company is positioned to potentially qualify for rapid inclusion in the Hong Kong Stock Connect program, which could further enhance its visibility and attract additional investment [17][20]. - HaiZhi Technology's unique value proposition as the "first stock of AI graph-model fusion" aligns well with the investment strategies of funds focused on high-growth, technology-driven companies [20].