（文章来源：证券时报网） 公司是一家在中国的数字孪生科技公司，已围绕3D图形、模拟仿真及人工智能三大领域的技术进行大 量投资并发展核心竞争力。（数据宝） 据联交所12月2日披露，北京五一视界数字孪生科技股份有限公司向联交所提交上市申请，拟香港主板 上市，华泰香港、中国国际金融香港证券为联席保荐人。 ...

公司是一家在中国的数字孪生科技公司，已围绕3D图形、模拟仿真及人工智能三大领域的技术进行大 量投资并发展核心竞争力。 据联交所12月2日披露，北京五一视界数字孪生科技股份有限公司向联交所提交上市申请，拟香港主板 上市，华泰香港、中国国际金融香港证券为联席保荐人。 ...

Core Viewpoint - 51WORLD is a leading digital twin technology company in China, focusing on 3D graphics, simulation, and artificial intelligence to create high-precision virtual replicas of real-world objects and systems [1][2][3] Company Overview - 51WORLD was established in February 2015 and aims to provide digital twin solutions for enterprises, consumers, and developers, ultimately enhancing efficiency, safety, and quality in the real world [2][3] - The company has developed a comprehensive digital twin ecosystem, offering solutions across various sectors including urban planning, water resource management, energy, automotive, transportation, robotics, entertainment, and social media [1][3] Technology and Development - The company is focused on creating a 1:1 digital twin of the real world, which is seen as a driver for growth and innovation [3] - The development process is divided into five stages: static world (2015-2017), dynamic world (2017-2020), semi-simulated world (2020-2023), fully simulated world (2023-2026), and digital twin world (2026-2030) [3] - As of now, the company has reached the fourth stage, achieving real-time generation and rendering technology at a city-level precision [3] Market Position and Achievements - According to Frost & Sullivan, 51WORLD ranks first in several key metrics within the digital twin industry in China, including being the first to propose and implement the Earth cloning plan and achieving over 250 million HKD in revenue within a year [3][4] - The company has established three core business areas: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform), with commercialized products and solutions in each area [3] Intellectual Property and Standards - The company holds 265 software copyrights and valid patents, actively participating in the formulation of 41 international, national, and local standards related to digital twin applications [4] Client Base and Financial Performance - Since its inception, the company has served over 1,000 enterprise clients primarily in mainland China, with business growth in other regions [5] - Financially, the company reported revenues of approximately 170 million RMB, 256 million RMB, 287 million RMB, and 53.82 million RMB for the years 2022, 2023, 2024, and the first half of 2025, respectively [5]

Core Viewpoint - The China Securities Regulatory Commission has issued a notice regarding Beijing Wuyi Shijie Digital Twin Technology Co., Ltd.'s application for overseas listing, allowing the company to issue up to 77,600,840 shares for listing on the Hong Kong Stock Exchange [1] Company Overview - Wuyi Shijie is focused on creating a digital twin of Earth's 5.1 million square kilometers, investing heavily in 3D graphics, simulation, and artificial intelligence technologies to develop core competencies [1] - The company has launched three main business lines: 51Aes (Digital Twin Platform), 51Sim (Synthetic Data and Simulation Platform), and 51Earth (Digital Earth Platform) [1] - Wuyi Shijie’s products and solutions are utilized by over 1,000 large and medium-sized enterprises globally, with operations in 19 countries and regions [1] - According to Frost & Sullivan, Wuyi Shijie is a comprehensive leader in China's digital twin industry [1] Financial Performance - The updated prospectus indicates projected revenues for 2022, 2023, 2024, and the first half of 2025 to be 170 million, 256 million, 287 million, and 54 million yuan respectively [1] - Corresponding adjusted net losses for the same periods are projected to be 132 million, 68 million, 43 million, and 67 million yuan [1]

Core Viewpoint - 51WORLD, a digital twin technology company based in China, has submitted its application for listing on the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors [1]. Company Overview - 51WORLD specializes in digital twin technology, which utilizes 3D graphics, simulation, and AI to create high-precision virtual replicas of physical objects or systems [3]. - The company aims to provide digital twin solutions to various enterprises across multiple industries, including urban planning, water resource management, energy, automotive, transportation, robotics, entertainment, and social media [3][4]. Business Model and Goals - The company seeks to establish a 1:1 digital twin of the real world to enhance efficiency, safety, and quality, viewing this initiative as a driver for growth and innovation [5]. - 51WORLD has identified five key elements (buildings, roads, vegetation, water bodies, and terrain) and five stages of development for creating a digital twin earth, with the current phase being the semi-simulated world [5][6]. Market Position and Achievements - According to Frost & Sullivan, 51WORLD ranks first in several key metrics within the digital twin industry in China, including being the first to propose and implement a global cloning plan and achieving the highest revenue in the digital twin sector by 2024 [6]. - The company has established three core business segments: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform), all of which have commercialized products and solutions [6]. Financial Performance - The company reported revenues of approximately 170 million RMB in 2022, 256 million RMB in 2023, and 287 million RMB in 2024, with a significant increase in R&D expenditures over the same period [7][8]. - The operating loss for the year ending December 31, 2022, was approximately 189.8 million RMB, with a notable increase in losses in subsequent years [8].

Core Viewpoint - 51WORLD, a digital twin technology company based in China, has submitted its application for listing on the Hong Kong Stock Exchange, with CICC and Huatai International as joint sponsors [1][3]. Company Overview - 51WORLD specializes in digital twin technology, which utilizes 3D graphics, simulation, and AI to create high-precision virtual replicas of physical objects or systems [3][4]. - The company aims to provide digital twin solutions across various industries, including urban planning, water resource management, energy, automotive, transportation, robotics, entertainment, and social media [3][4]. Business Model and Vision - The company envisions creating a digital twin of the Earth to enhance efficiency, safety, and quality in the real world, targeting a 1:1 digital representation of real-world scenarios [5][6]. - 51WORLD has identified five key elements (buildings, roads, vegetation, water bodies, and terrain) and five stages of development for its digital twin initiative, with the current phase being the semi-simulated world [5][6]. Technological Advancements - As of now, 51WORLD has achieved real-time generation and rendering technology at a city-level precision and has commercialized the ability to generate a city model in one day [5][6]. - The company has established three core business segments: 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform), with commercial products and solutions launched in each area [6]. Market Position and Financial Performance - According to Frost & Sullivan, 51WORLD ranks first in several key metrics within the Chinese digital twin industry, including revenue and financing amounts [6]. - The company has served over 1,000 enterprise clients in mainland China and has seen growth in other regions [7]. - Financially, the company reported revenues of approximately 170 million RMB in 2022, 256 million RMB in 2023, and 287 million RMB in 2024, with R&D expenses of 134 million RMB, 103 million RMB, and 58 million RMB for the same periods [7][8].

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不就因本申請版本全部或任何部分內 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Beijing 51WORLD Digital Twin Technology Co., Ltd. 北京五一視界數字孿生科技股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警 告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證 監會」）的要求而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。 閣下閱覽本文 件，即代表 閣下知悉、接納並向本公司、其聯席保薦人、整體協調人、顧問及包銷團成 員表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，準投資者務請僅依據於香港公司註冊處處 長註冊的本公司文件作出投資決定；文件的文本將於發售期內向公眾人士派發。 947155 \ (Project DoS_Redacted) \ 02/12/2025 \ M11 (a) 本文件僅為向香 ...

Core Viewpoint - The China Securities Regulatory Commission has confirmed the overseas listing applications for several companies, including Dongpeng Beverage, Saintong Medical, Youlesai, Linqingxuan, Jinxun Co., Muyuan Foods, Basic Semiconductor, Huasheng Technology, Xiantong International, and Wuyi Vision, with Huasheng Technology applying for a listing in Taiwan and the others in Hong Kong [1]. Group 1: Dongpeng Beverage - Dongpeng Beverage plans to issue no more than 66,446,000 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company focuses on beverage R&D, production, and sales, particularly in the functional beverage sector, with products including energy drinks, sports drinks, tea, coffee, plant protein drinks, and fruit and vegetable juices [3]. - Financial projections for Dongpeng Beverage show revenues of 8.5 billion, 11.257 billion, 15.83 billion, and 10.732 billion for 2022 to 2025, with corresponding net profits of 1.441 billion, 2.04 billion, 3.326 billion, and 2.375 billion [3]. Group 2: Saintong Medical - Saintong Medical intends to issue no more than 12,298,300 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company specializes in the R&D, production, and sales of special medical purpose formula foods, particularly in the infant medical food sector [5]. - Financial forecasts for Saintong Medical indicate revenues of 491 million, 654 million, and 834 million for 2022 to 2024, with net profits of 83.89 million, 170 million, and 91.14 million [5]. Group 3: Youlesai - Youlesai plans to issue no more than 26,833,500 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company is a leading integrated circular packaging service provider for the automotive industry, offering solutions and smart logistics systems [8]. - Financial projections for Youlesai show revenues of 648 million, 794 million, and 838 million for 2022 to 2024, with net profits of 3.12 million, 64.15 million, and 50.74 million [8]. Group 4: Linqingxuan - Linqingxuan intends to issue no more than 16,061,400 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company is a high-end skincare brand focusing on plant-based skincare products, using camellia oil as a core ingredient [10]. - Financial forecasts for Linqingxuan indicate revenues of 691 million, 805 million, and 1.21 billion for 2022 to 2024, with net profits of -5.93 million, 84.52 million, and 187 million [10]. Group 5: Jinxun Co. - Jinxun Co. plans to issue no more than 42,280,400 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company is involved in the development, smelting, and processing of non-ferrous metal new energy materials, with core businesses including cathode copper production and cobalt product processing [11]. - Financial projections for Jinxun Co. show revenues of 637 million, 676 million, and 1.77 billion for 2022 to 2024, with net profits of 84 million, 29 million, and 202 million [11]. Group 6: Muyuan Foods - Muyuan Foods intends to issue no more than 546,276,700 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company operates a full industry chain in pig farming, including feed processing, breeding, and meat processing [12]. - Financial forecasts for Muyuan Foods indicate revenues of 124.8 billion, 110.9 billion, and 138 billion for 2022 to 2024, with net profits of 14.933 billion, -4.168 billion, and 18.925 billion [12]. Group 7: Basic Semiconductor - Basic Semiconductor plans to issue no more than 39,357,800 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company focuses on the R&D and industrialization of silicon carbide power devices, with products used in photovoltaic storage and industrial control [15]. - Financial projections for Basic Semiconductor show revenues of 117 million, 221 million, and 299 million for 2022 to 2024, with net losses of 242 million, 342 million, and 237 million [15]. Group 8: Huasheng Technology - Huasheng Technology intends to issue no more than 9,100,000 ordinary shares and list on the Taiwan Stock Exchange [1]. - The company specializes in manufacturing electronic connectors and related products, including automotive wiring harnesses and RF antennas [17]. Group 9: Xiantong International - Xiantong International plans to issue no more than 9,259,900 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company is a comprehensive enterprise focusing on pharmaceutical R&D, production, and sales, with a pipeline targeting oncology and neurodegenerative diseases [19]. - Financial forecasts for Xiantong International indicate revenues of 10.23 million and 44.06 million for 2022 to 2024, with net losses of 309 million and 156 million [19]. Group 10: Wuyi Vision - Wuyi Vision intends to issue no more than 77,600,840 overseas ordinary shares and list on the Hong Kong Stock Exchange [1]. - The company focuses on digital twin technology, providing applications for smart cities and industrial simulation [21]. - Financial projections for Wuyi Vision show revenues of 170 million, 256 million, and 287 million for 2022 to 2024, with net losses of 190 million, 87 million, and 82 million [21].

Core Viewpoint - Beijing Wuyi Vision Digital Twin Technology Co., Ltd. has received approval from the China Securities Regulatory Commission for its overseas listing, indicating a significant step in its expansion strategy [1] Company Summary - The company plans to issue up to 77.601 million ordinary shares on the Hong Kong Stock Exchange [1] - A total of 360 million shares held by 38 shareholders will be converted from domestic unlisted shares to overseas listed shares for circulation on the Hong Kong Stock Exchange [1] - Wuyi Vision focuses on cloning Earth's 5.1 million square kilometers and operates within the digital twin industry [1] - The company has made substantial investments in three key technology areas: 3D graphics, simulation, and artificial intelligence, to develop its core competencies [1]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and domestic unlisted shares "full circulation" filing for Beijing May Day Vision Digital Twin Technology Co., Ltd [1] - The company plans to issue no more than 77,600,840 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] - A total of 38 shareholders intend to convert their combined 363,299,144 domestic unlisted shares into overseas listed shares for circulation on the Hong Kong Stock Exchange [1] Group 2 - 51WORLD is a technology company focused on cloning Earth's 5.1 million square kilometers, operating within the digital twin industry [3] - The company has made significant investments in three key areas: 3D graphics, simulation, and artificial intelligence, to develop its core competencies [3] - The goal of the company is to provide access and build digital twin solutions for ecosystem partners, including enterprises, consumers, and developers, ultimately creating a real, complete, and enduring "digital twin Earth" [3]