IPO申购指南：建议谨慎申购

IPO Details - The IPO price is set at HKD 30.50[1] - The total fundraising amount is estimated at HKD 6.52 billion[1] - The total number of shares offered is 2,398,000 shares, with 2,278,000 shares allocated for international placement (approximately 95%) and 120,000 shares for public offering (approximately 5%)[1] Company Overview - The company specializes in digital twin technology, focusing on 3D graphics, simulation, and artificial intelligence[2] - It aims to create a digital twin of the Earth by 2030, addressing real-world issues in various fields such as traffic, AI training, and climate prediction[2] Market Potential - The global digital twin solutions market is projected to grow from USD 3.9 billion in 2020 to USD 13.29 billion in 2024, with a CAGR of 26.4%[3] - The Chinese market for digital twin solutions is expected to increase from RMB 4.1 billion in 2020 to RMB 17.11 billion in 2024, with a CAGR of 31.6%[3] Financial Performance - The company's revenue is forecasted to grow from RMB 170 million in 2022 to RMB 287 million in 2024, with an adjusted loss narrowing to RMB 43 million[4] - The estimated market capitalization post-IPO is approximately HKD 12.4 billion, with a price-to-sales ratio of about 40.0X for 2025, indicating a high valuation[4]