Core Insights - The strength of underwriters is crucial for attracting global long-term funds to a company, beyond just fundamentals and sponsors [1] - Dipo Technology's IPO in Hong Kong has garnered over 7500 times oversubscription, setting a new record for the Hong Kong main board [1] - The company is being compared to Palantir, with expectations of high growth potential due to its strong business fundamentals and market position [4][5] Underwriters and Market Response - Dipo Technology has engaged top underwriters, Huanghe Securities and Livermore Securities, which are highly influential in attracting global long-term funds [1] - The IPO has attracted participation from major global long-term funds, including VanCapital, BlackRock, and Millennium, among others [1] - The underwriters' previous success with IPOs, such as Zhidatech's first-day surge of over 190%, highlights their capability [1] Financial Performance - Dipo Technology's revenue is projected to grow from 100 million to 243 million yuan from 2022 to 2024, reflecting a compound annual growth rate of 55.5% [4] - In the first half of 2025, the company's revenue increased by 118.4% year-on-year to 132 million yuan, showcasing strong growth momentum [4] - The FastAGI enterprise-level AI solution has become a significant growth driver, with revenue reaching 73.07 million yuan in the first half of 2025, a year-on-year increase of 191% [4] Market Position and Future Outlook - Dipo Technology is positioned as a leader in the "Data+AI" sector, with solutions that have been successfully implemented across various industries [4] - The company is expected to maintain a growth trajectory that exceeds that of Palantir, benefiting from its first-mover advantage in the Chinese market [4][5] - The overwhelming market response to its IPO indicates strong investor confidence in Dipo Technology's future performance [5]

Core Viewpoint - The strength of underwriters is crucial for attracting global long-term funds to a company, with Dipo Technology's IPO being notably supported by top underwriters Huanghe Securities and Livermore Securities, which has drawn significant interest from renowned global long-term funds [1] Group 1: IPO Highlights - Dipo Technology's Hong Kong IPO achieved over 7500 times oversubscription, setting a new record for the Hong Kong main board, with an amount exceeding 270 billion HKD [1] - The IPO attracted participation from six of the world's top ten asset management firms, including BlackRock, VanCapital, and Millennium [1] Group 2: Company Performance - Dipo Technology is viewed as a potential "Chinese version of Palantir," benefiting from strong business fundamentals and a significant first-mover advantage in a uniquely Chinese market environment [4] - The company's revenue is projected to grow from 100 million to 243 million CNY from 2022 to 2024, reflecting a compound annual growth rate of 55.5% [4] - In the first half of 2025, Dipo Technology's revenue increased by 118.4% year-on-year to 132 million CNY, showcasing robust growth potential [4][5] Group 3: Product Solutions - Dipo Technology's core solutions, FastData and FastAGI, are driving its business growth, with FastAGI contributing significantly to revenue, reaching 73 million CNY in the first half of 2025, a year-on-year increase of 191% [5]