“杭州六小龙”之一，IPO获证监会备案

Core Viewpoint - Manycore Tech Inc. (群核科技) has received approval from the China Securities Regulatory Commission for its overseas listing, marking a significant step in its IPO journey in Hong Kong, potentially becoming the first listed company among the "Hangzhou Six Little Dragons" [1][2]. Company Overview - Manycore Tech owns the largest spatial design platform globally, CoolJiaLe, and its overseas version, Coohom, along with the next-generation spatial intelligence solution, SpatialVerse, which is designed for AI training and e-commerce product displays in virtual environments [4]. - The company plans to launch the Aholo spatial intelligence open platform in 2025 [4]. Financial Performance - The company is projected to turn a profit in the first half of 2025, with an adjusted net profit of 17.83 million RMB. In contrast, it reported adjusted net losses of 338 million RMB, 242 million RMB, and 70 million RMB for the years 2022, 2023, and 2024, respectively [6]. - Revenue increased from 601 million RMB in 2022 to 664 million RMB in 2023, representing a growth of 10.5%, and is expected to rise by 13.8% to 755 million RMB in 2024. For the first half of 2025, revenue is projected to grow by 9.4% to 399 million RMB [6]. - The gross profit margins for the years 2022, 2023, 2024, and the first half of 2025 were 72.7%, 76.8%, 80.2%, and 82.1%, respectively [6]. Shareholding Structure - Before the IPO, the shareholding structure includes Huang Xiaohuang with 15.46%, Chen Hang with 11.04%, Zhu Hao with 4.22%, and Wide Future Group Limited with 3.67% [7]. Use of IPO Proceeds - The net proceeds from the IPO will primarily be used for international expansion, enhancing existing product functionalities, launching new products, domestic sales and marketing activities, brand awareness enhancement, investment in core technologies and infrastructure, and general corporate purposes [7].