Group 1 - Mininglamp Technology officially listed on the Hong Kong Stock Exchange on November 3, with a pre-green shoe issuance scale of approximately $131 million and a post-green shoe scale of about $151 million assuming full exercise of the green shoe option [2] - Mininglamp Technology is the largest SaaS company by issuance market value in the Hong Kong stock market over the past five years [2] - CICC served as the sole sponsor and overall coordinator for the project, leveraging its deep understanding of the technology sector to assist Mininglamp Technology in efficiently completing the listing preparation [2] Group 2 - Mininglamp Technology is the largest data intelligence application software provider in China, focusing on integrating large models, industry-specific knowledge, and multimodal data to transform enterprise marketing and operational decision-making processes [3] - The company has developed a comprehensive Agent product called Deepminer, which is fully adaptable to the entire marketing and operational process [3] - As of June 30, 2025, Mininglamp Technology has provided services to 135 Fortune Global 500 companies [3]

Core Viewpoint - Minglue Technology is set to launch an IPO from October 23 to October 28, 2025, aiming to raise approximately HKD 902 million for various business enhancements [1] Company Overview - Minglue Technology is a leading data intelligence application software company in China, integrating large models, industry knowledge, and multimodal data to optimize enterprise marketing and operational decisions [1] - According to Frost & Sullivan, the company is the largest data intelligence application software provider in China based on total revenue for 2024 [1] Client Base - As of June 30, 2025, the company has served 135 Fortune Global 500 companies across various industries, including retail, consumer goods, food and beverage, and automotive [1] IPO Details - The company plans to issue 7.219 million shares globally, with 10% allocated for public offering in Hong Kong and 90% for international offering, along with a 15% over-allotment option [1] - The offering price is set at HKD 141.00 per share [1] - The company has signed cornerstone investment agreements with several investors, with a total subscription amount not exceeding approximately USD 59 million [1] Use of Proceeds - The net proceeds from the global offering are expected to be approximately HKD 902 million, which will be allocated as follows: 35% for enhancing technology R&D capabilities, 40% for product development, 15% for marketing and sales team expansion, and 10% for working capital and general corporate purposes [1]

Core Viewpoint - Minglue Technology-W (02718) is set to launch an IPO from October 23 to October 28, 2025, aiming to globally offer 7.219 million Class A shares at a price of HKD 141.00 per share, with 10% allocated for public sale in Hong Kong and 90% for international sale [1] Group 1: Company Overview - Minglue Technology is a leading data intelligence application software company in China, focusing on integrating large models, industry-specific knowledge, and multimodal data to transform enterprise marketing and operational decision-making [1] - According to Frost & Sullivan, the company is the largest data intelligence application software provider in China by total revenue in 2024 [1] - As of June 30, 2025, the company has served 135 Fortune Global 500 companies across various industries, including retail, consumer goods, food and beverage, automotive, 3C, cosmetics, and maternal and infant products [1] Group 2: IPO and Fund Utilization - The cornerstone investors have agreed to subscribe for shares totaling up to approximately USD 59 million, contingent upon certain conditions [2] - The estimated net proceeds from the global offering are approximately HKD 902 million, assuming the over-allotment option is not exercised [2] - The company plans to allocate the net proceeds as follows: - Approximately 35% for enhancing R&D capabilities, including recruiting high-end talent and acquiring R&D infrastructure [2] - Approximately 40% for product development to enrich the product portfolio [2] - Approximately 15% for marketing, brand promotion, and sales team expansion [2] - Approximately 10% for working capital and general corporate purposes [2] Group 3: Financial Performance - The company reported revenues of RMB 1.269 billion, RMB 1.462 billion, and RMB 1.381 billion for the years ending December 31, 2022, 2023, and 2024, respectively, with a year-on-year growth of 15.2% from 2022 to 2023 and a decrease of 5.5% from 2023 to 2024 [3] - For the six months ending June 30, 2025, revenue increased from RMB 565 million to RMB 644 million, representing a year-on-year growth of 13.9% [3] - Marketing intelligence and operational intelligence significantly contributed to the company's revenue, with marketing intelligence revenues of RMB 803 million, RMB 753 million, RMB 731 million, RMB 323 million, and RMB 354 million for the respective periods [3] - Operational intelligence revenues were RMB 363 million, RMB 595 million, RMB 523 million, RMB 230 million, and RMB 269 million for the same periods [3]

Core Viewpoint - Minglue Technology (02718) is set to launch an initial public offering (IPO) from October 23 to October 28, 2025, aiming to globally offer 7.219 million Class A shares at a price of HKD 141.00 per share, with 10% allocated for public offering in Hong Kong and 90% for international offering [1] Group 1: Company Overview - Minglue Technology is a leading data intelligence application software company in China, focusing on integrating large models, industry-specific knowledge, and multimodal data to transform enterprise marketing and operational decision-making processes [1] - According to Frost & Sullivan, the company is the largest data intelligence application software provider in China based on total revenue for 2024 [1] - As of June 30, 2025, the company has served 135 Fortune Global 500 companies across various industries, including retail, consumer goods, food and beverage, automotive, 3C, cosmetics, and baby products [1] Group 2: Fundraising and Use of Proceeds - The company has entered cornerstone investment agreements with several investors, agreeing to subscribe for shares totaling up to approximately USD 59 million, based on the offering price [2] - The estimated net proceeds from the global offering are approximately HKD 902 million, which will be allocated as follows: - About 35% for enhancing technology research and development capabilities, including recruitment of high-end talent and procurement of R&D infrastructure [2] - Approximately 40% for product development to enrich the product portfolio, including hiring product managers and technical experts [2] - Around 15% for marketing, brand promotion, and sales team expansion [2] - About 10% for working capital and general corporate purposes [2] Group 3: Financial Performance - The company reported revenues of RMB 1.269 billion, RMB 1.462 billion, and RMB 1.381 billion for the years ending December 31, 2022, 2023, and 2024, respectively, with a year-on-year growth of 15.2% from 2022 to 2023, followed by a decline of 5.5% from 2023 to 2024 [3] - For the six months ending June 30, 2025, revenue increased from RMB 565 million to RMB 644 million, representing a year-on-year growth of 13.9% [3] - Marketing intelligence and operational intelligence significantly contributed to the company's revenue, with marketing intelligence revenues of RMB 803 million, RMB 753 million, RMB 731 million, RMB 323 million, and RMB 354 million for the respective periods, accounting for 63.3%, 51.5%, 52.9%, 57.1%, and 55.0% of total revenue [3] - Operational intelligence revenues were RMB 363 million, RMB 595 million, RMB 523 million, RMB 230 million, and RMB 269 million for the respective periods, representing 28.6%, 40.7%, 37.9%, 40.7%, and 41.7% of total revenue [3]

Core Viewpoint - The company emphasizes its comprehensive data intelligence application ecosystem, which integrates various business segments to create a synergistic effect across the entire data lifecycle [2] Group 1: Business Structure - The company operates a data factor trading operation management platform that aggregates data resources [2] - A data asset management platform is established to solidify the foundational data [2] - The company provides a core application scenario through its inspection and testing platform [2] - The SunwayLink intelligent agent drives smart operations [2] - A cluster of robots is utilized for physical operations [2] Group 2: Ecosystem Integration - The business segments are deeply coordinated to form a closed-loop intelligent ecosystem covering the entire lifecycle of data, including collection, storage, management, utilization, and ease of access [2] - The ecosystem also encompasses the entire process of inspection and testing [2]