Core Viewpoint - Xiamen Ruiwei Information Technology Co., Ltd. (Ruiwei Technology) has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International, Jianyin International, and Agricultural Bank of China International serving as joint sponsors. The company ranks first in the visual intelligence product market for civil aviation enterprises in China, with a market share of 8.9% based on projected 2024 revenue [1]. Company Overview - The company is an artificial intelligence firm providing visual intelligence technology and products to enterprise clients, leveraging advanced AI algorithms and optical imaging technology. It offers a range of visual perception, cognition, and reasoning products, deeply applied in civil aviation, commercial spaces, and logistics [3][4]. - Ruiwei Technology is one of the first companies in the industry to focus on full-stack visual intelligence technology, integrating computer vision algorithms, optical imaging optimization, and computing power optimization [3]. Technical Capabilities - The company has over ten years of technical accumulation in the computer vision field, establishing a complete full-stack technology system that connects R&D to product application. Its core technical capabilities include foundational technology, fusion technology, and component technology [4]. - Ruiwei Technology has developed comprehensive technical components, including RecoSee, RecoAware, and RecoThink visual intelligence agents, which serve as general building blocks for various visual intelligence products across multiple application scenarios [4]. Research and Development - As of December 31, 2024, the company's R&D team consists of 107 members, accounting for approximately 50% of the total workforce. It has established an integrated product development system supporting the entire product lifecycle from market demand to delivery and operation [6]. - The company holds 168 registered patents, with 159 being independently developed and 9 co-developed with third parties. Additionally, it has 119 software copyrights [6]. Financial Performance - In terms of revenue, the company achieved approximately RMB 78.36 million, RMB 242 million, and RMB 395 million for the fiscal years 2022, 2023, and 2024, respectively. Correspondingly, the gross profit for these years was approximately RMB 12.31 million, RMB 98.82 million, and RMB 157 million. The company reported a profit of RMB 8.288 million in 2024 [6].