Core Viewpoint - Company is preparing for an IPO on the Hong Kong Stock Exchange, with J.P. Morgan and CCB International as joint sponsors, aiming to become the first listed company among the "Six Little Dragons of Hangzhou" [3] Group 1: Financial Performance - Company is projected to achieve revenue of 820 million yuan in 2025, with a gross margin of 82.2% and an adjusted net profit of 57.1 million yuan, marking a turnaround from previous losses [1] - The company's net losses according to accounting standards are expected to be 646 million yuan in 2023, 513 million yuan in 2024, and 428 million yuan in 2025, with an adjusted net profit of 57.1 million yuan [1] Group 2: Market Position and Growth - As of 2024, the company is a leading provider of spatial design software in China, holding a market share of 23.2%, with business expansion into international markets including South Korea, Southeast Asia, the United States, and India [3] - The Chinese spatial design software market is anticipated to grow from 3.3 billion yuan in 2024 to 6.6 billion yuan by 2029, with a compound annual growth rate (CAGR) of 18.9% for cloud software, significantly outpacing traditional on-premise software [3] Group 3: Company Background and Products - Company was co-founded by Huang Xiaohuang, Chen Hang, and Zhu Hao, who are university classmates with prior experience at renowned companies such as NVIDIA, Microsoft, Amazon, and the National Center for Supercomputing Applications [3] - The company offers a core cloud-native platform "CoolJiaLe," a localized solution for international markets "Coohom," and professional services providing 3D composite datasets "SpatialVerse," utilizing cloud-native architecture and AI-driven technology [3] Group 4: Investment and Shareholding - Company has received investments from multiple institutions including IDG Capital, GGV Capital, and Hillhouse Capital among others [4] - Pre-IPO shareholding includes Huang Xiaohuang with 15.46%, Chen Hang with 11.04%, Zhu Hao with 4.22%, and Wide Future Group Limited with 3.67% [4] - "CoolJiaLe" has established strategic partnerships with several well-known home furnishing companies, including Kuka Home and Sophia [4]
又一家居企业冲击港股上市,2025年营收超8亿元,主要客户有顾家、索菲亚等