Core Viewpoint - Shenzhen Huafu Technology Co., Ltd. (referred to as "Huafu Technology") is preparing for an IPO on the Hong Kong Stock Exchange, aiming to leverage its position as a leading provider of full-stack AI technology solutions in China [2][12]. Business Overview - Established in 2015, Huafu Technology focuses on integrating advanced AI algorithms, powerful computing capabilities, and cutting-edge hardware and software technologies to provide AI intelligent solutions across various industries [2][3]. - The company is recognized as one of the top ten full-stack AI technology solution providers in China according to a report by Frost & Sullivan [2]. Product and Service Offerings - Huafu Technology has developed a proprietary integrated technology platform called "Unicorn AI," which supports model development, large-scale distributed training, real-time inference services, and elastic computing resource scheduling [3]. - The company offers three main service categories: - **AI Intelligence**: Multi-scenario intelligent recognition solutions with an accuracy rate exceeding 99% [5]. - **AI Vertical Industry Applications**: Tailored solutions for specific industry challenges, covering feasibility studies, infrastructure planning, and deployment [5]. - **AI Computing Technology Services**: Custom technology services for computing infrastructure to meet the demands of large model applications and scientific computing [5]. Shareholder Structure - Prior to the IPO, the major shareholders include Mr. Zhang Huan (29.94% ownership) and a group of individuals holding 11.02% through voting rights delegation, collectively controlling approximately 40.96% of the voting rights [4][6]. - Other notable shareholders include various investment firms and capital management companies [4][6]. Board of Directors - The board consists of nine members, including four executive directors led by Mr. Zhang Huan as Chairman and General Manager, and three independent non-executive directors with significant academic and professional backgrounds [8][9]. Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 was reported as RMB 422 million, RMB 391 million, RMB 386 million, and RMB 169 million respectively, with corresponding net profits of RMB 55.38 million, RMB 36.80 million, RMB 66.11 million, and RMB 25.09 million [10][11].