群核科技港股上市获证监会备案，拟发行不超过3.12亿股

Core Viewpoint - Manycore Tech Inc. (群核科技) is progressing towards its IPO in Hong Kong, aiming to become the "global leader in spatial intelligence" after receiving approval from the China Securities Regulatory Commission [1][2]. Company Overview - Founded in 2011 by Huang Xiaohuang, Chen Hang, and Zhu Hao, Manycore Tech is a cloud-native spatial design software provider, with products widely used in residential, office, retail, and commercial projects [2]. - The company is part of the "Hangzhou Six Little Dragons," which includes other tech firms based in Hangzhou [1]. Financial Performance - Manycore Tech's subscription revenue reached 736 million RMB in 2024, a 14% increase year-over-year, accounting for over 97% of total revenue [4]. - The company reported a total revenue of 754.83 million RMB for 2024, up from 663.54 million RMB in 2023, reflecting an 11% growth [5]. - The gross profit margin improved from 72.7% in 2022 to 80.9% in 2024, indicating enhanced operational efficiency [5]. - As of June 30, 2025, the company achieved a revenue of 399.1 million RMB for the first half of the year, a 9% increase compared to the previous year [6]. Customer Base - Manycore Tech serves approximately 47,000 enterprise clients, with a net revenue retention rate of 102% for enterprise customers [4]. - The company also has a growing individual customer base, with over 432,800 personal clients by June 30, 2025 [4]. Investment and Funding - Manycore Tech has attracted investments from notable firms such as IDG Capital, GGV Capital, and Hillhouse Capital, among others [2]. Market Position - According to Frost & Sullivan, Manycore Tech is the largest spatial design software provider in China, holding a market share of approximately 23.2% as of 2024 [2].