IPO周报 | 爱芯元智、海致科技登陆港交所；群核科技获上市备案通知书

Core Viewpoint - The article provides an overview of recent IPO activities in Hong Kong, the US, and China, highlighting key companies and their market positions in the AI and technology sectors. Group 1: Aixin Yuan Zhi - Aixin Yuan Zhi Semiconductor Co., Ltd. officially listed on the Hong Kong Stock Exchange on February 10, 2026, under the stock code "0600," becoming the first Chinese edge AI chip company to go public [2] - Since its establishment in 2019, Aixin Yuan Zhi has delivered over 165 million SoCs, with significant growth in sales of its edge computing and terminal computing SoCs, which increased by approximately 69% and 400% respectively in 2024 compared to 2023 [3] - By 2024, Aixin Yuan Zhi became the fifth largest supplier of visual edge AI inference chips globally, holding a market share of 24.1% in the mid-to-high-end segment [3][4] - The company's revenue grew from 0.50 billion yuan in 2022 to 4.73 billion yuan in 2024, with a compound annual growth rate of 206.8% [4] Group 2: Haizhi Technology - Haizhi Technology Group Co., Ltd. listed on the Hong Kong Stock Exchange on February 13, 2026, under the stock code "2706," becoming the first company to focus on AI graph computing technology to eliminate large model hallucinations [6] - The company has developed the Atlas graph solution and industry-level intelligent agents, achieving a market share of approximately 50% among AI intelligent agent providers in China [7] - Revenue from Haizhi Technology increased from 3.13 billion yuan in 2022 to 5.03 billion yuan in 2024, with a significant growth of 872.2% in revenue from the Atlas intelligent agent in 2024 [8] Group 3: Qunkong Technology - Qunkong Technology received a listing application notice from the China Securities Regulatory Commission on February 14, 2026, aiming to become the first "Hangzhou Six Little Dragons" company to complete an IPO [10] - The company focuses on spatial intelligence solutions and has developed the SpatialVerse platform, which integrates core capabilities in spatial reconstruction and generation [10][11] - Qunkong Technology's revenue reached 400 million yuan in the first half of 2025, with a gross margin of 82.1%, marking a significant improvement from 72.7% in 2022 [12] Group 4: Hairou Innovation - Hairou Innovation submitted its prospectus to the Hong Kong Stock Exchange on February 13, 2026, aiming for a main board listing [13] - The company has developed the HaiPick system, which revolutionizes warehouse automation, achieving a global market share increase from 24.2% in 2023 to 31.4% in 2024 [15] - By the end of September 2025, Hairou Innovation had signed contracts with over 800 clients, including more than 70 companies listed in the Fortune Global 500 [16] Group 5: Magnesium Health - Magnesium Health updated its prospectus for a main board listing on the Hong Kong Stock Exchange, reporting a revenue increase of 33.85% to 1.873 billion yuan in the first ten months of 2025 [18] - The company aims to transform China's medical payment system by linking patients, insurers, and pharmaceutical companies, with a focus on innovative drug and insurance solutions [20] - By October 31, 2025, Magnesium Health had served approximately 2 million patients and partnered with all top 20 insurance companies in China by premium income [22]