杭州六小龙之一冲刺港股IPO，年入7亿毛利超8成，今年刚扭亏为盈

Core Viewpoint - Qunhe Technology, the first IPO company among the "Six Little Dragons of Hangzhou," has submitted its listing application to the Hong Kong Stock Exchange, aiming to become the "first global space intelligence stock" [1]. Financial Performance - In the first half of 2025, the company expects to achieve revenue of 399 million yuan, a year-on-year increase of 9%, and a net profit of 17.83 million yuan [1]. - Revenue is projected to grow from 601 million yuan in 2022 to 664 million yuan in 2023, and further to 755 million yuan in 2024, driven by increased subscription revenue from major clients and an expanding customer base [1]. - Net profit is expected to improve from losses of 704 million yuan in 2022, 646 million yuan in 2023, to 513 million yuan in 2024 [1]. - Gross margins are forecasted to rise from 72.7% in 2022 to 82.1% in the first half of 2025 [1]. Business Strategy and Product Development - Founded in 2011, Qunhe Technology is a provider of space design software, including "Cool Home," the overseas platform "Coohom," and the "SpatialVerse" platform [3]. - The company announced a strategic transformation to become a "space intelligence infrastructure provider" and launched the new space intelligence open platform Aholo and the product LuxReal [3]. - The Aholo platform integrates core 3D capabilities and is designed for various industries, allowing users to create high-fidelity 3D spaces using multi-modal inputs [3]. - The company emphasizes that space intelligence is the future direction of AI, and technology openness is a significant initiative [4]. Strategic Partnerships - Qunhe Technology has formed a strategic partnership with Huace Film & TV, a leading company in the A-share film industry, to collaborate on virtual film set generation and film scene reconstruction [4]. New Product Launches - The LuxReal product, based on the self-developed AI 3D generation model Lux3D, combines image and video generation models to create innovative video content efficiently [6]. - LuxReal aims to enhance the practicality of AI-generated videos in sectors such as e-commerce, industrial design, and gaming [6]. - The global internal testing for LuxReal has begun, with a formal launch expected in mid-December this year [6].