Core Viewpoint - The article highlights the successful IPO of Beijing Haizhi Technology Group Co., Ltd. on the Hong Kong Stock Exchange, emphasizing its market position and the role of Shenwan Hongyuan Hong Kong in facilitating the listing [3][4]. Company Highlights - Haizhi Technology focuses on developing Atlas graph solutions and industrial-grade AI solutions through graph model fusion technology [7]. - According to Frost & Sullivan, the company ranks first in China among AI intelligent agents centered on graphs, with a market share of 50% based on projected 2024 revenue [7]. - The company is recognized as the first in the industry to effectively reduce hallucinations in large language models through knowledge graphs, leveraging strong graph model fusion capabilities [7]. - Haizhi Technology also ranks first in the cross-industry industrial-grade AI intelligent agent solutions market based on revenue [7]. Project Highlights - Shenwan Hongyuan Hong Kong played a crucial role in the successful completion of the IPO by mobilizing resources and providing comprehensive financial services [7][8]. - The IPO received a strong market response, with a subscription multiple of 5,065.1 times during the public offering in Hong Kong [7]. - The project showcased Shenwan Hongyuan Hong Kong's strengths in IPOs and AI-related fields, reinforcing its client-centric service philosophy [8].

Core Viewpoint - Haizhi Technology Group (02706) has seen a significant stock price increase following the announcement of a strategic cooperation framework agreement with Zhipu (02513), focusing on model training and application scenarios [1] Group 1: Company Developments - Haizhi Technology Group's stock rose over 6% in early trading, currently up 5.57% at HKD 128.9, with a trading volume of HKD 36.15 million [1] - The strategic cooperation aims to leverage Haizhi's graph-model fusion technology, such as the Atlas graph, alongside Zhipu's large model capabilities for mutual benefit [1] - The company emphasizes its focus on developing Atlas graph solutions and industry-grade intelligent agents through graph-model fusion technology [1] Group 2: Industry Context - Zhipu is recognized as a leading artificial intelligence enterprise in China, dedicated to the pursuit of innovations in Artificial General Intelligence (AGI) [1] - The board of Haizhi believes that the strategic partnership will lead to resource complementarity and collaborative development, enhancing both companies' technological advantages and market resources [1]

Core Viewpoint - Haizhi Technology Group (02706) has seen a stock price increase of over 6% in early trading, currently up 5.57% at HKD 128.9, with a trading volume of HKD 36.15 million, following the announcement of a strategic cooperation framework agreement with Zhipu (02513) [1] Group 1 - The strategic cooperation will focus on deep collaboration in model training and application scenarios, leveraging Haizhi's graph-model fusion technology (such as Atlas graph) and Zhipu's large model capabilities [1] - Haizhi Technology is dedicated to developing Atlas graph solutions and industry-level intelligent agents through graph-model fusion technology, providing industry-grade AI solutions [1] - Zhipu is recognized as a leading AI company in China, committed to pursuing innovations in Artificial General Intelligence (AGI) [1] Group 2 - The board of Haizhi Technology believes that the strategic cooperation will achieve resource complementarity and collaborative development, leveraging both companies' technological advantages, industry experience, and market resources [1]

Core Viewpoint - Haizhi Technology has entered into a strategic cooperation framework agreement with Beijing Zhipu Huazhang Technology Co., Ltd. to collaborate in model training and application scenarios [1] Group 1: Company Overview - Haizhi Technology focuses on developing Atlas graph solutions and industrial-grade intelligent agents through graph-model fusion technology, providing industrial-grade AI solutions [1] - Zhipu is an AI company dedicated to pursuing innovations in Artificial General Intelligence (AGI) [1] Group 2: Strategic Cooperation - The board of Haizhi Technology believes that the strategic cooperation will achieve resource complementarity and collaborative development [1] - The framework agreement is a preliminary document, and specific cooperation details will be negotiated and formalized in subsequent agreements [1]

Core Viewpoint - The company has entered into a strategic cooperation framework agreement with Beijing Zhiyu Huazhang Technology Co., Ltd. to collaborate in model training and application scenarios [1] Group 1: Company Overview - The company focuses on developing Atlas graph solutions and industry-level intelligent agents through graph-model fusion technology, providing industry-level artificial intelligence solutions [1] - Zhiyu is recognized as a leading artificial intelligence enterprise in China, pursuing innovations in Artificial General Intelligence (AGI) [1] Group 2: Strategic Cooperation - The strategic cooperation framework agreement is a foundational document, with specific business collaborations to be negotiated and formalized in separate agreements [1] - The board believes that the strategic cooperation will achieve resource complementarity and synergistic development, leveraging both parties' technological advantages, industry experience, and market resources [1] Group 3: Regulatory Compliance - The company will make further announcements as necessary or appropriate in accordance with the Hong Kong Stock Exchange Listing Rules [1]

Core Viewpoint - The company, Haizhi Technology Group, has entered into a strategic cooperation framework agreement with Beijing Zhipu Huazhang Technology Co., Ltd. to collaborate in areas such as model training and application scenario implementation [1] Group 1: Company Overview - Haizhi Technology Group focuses on developing Atlas graph solutions and industry-level intelligent agents through graph-model fusion technology, providing industry-grade artificial intelligence solutions [1] - Zhipu is recognized as a leading artificial intelligence enterprise in China, dedicated to pursuing innovations in Artificial General Intelligence (AGI) [1] Group 2: Strategic Cooperation Details - The strategic cooperation framework agreement is a foundational document, with specific business collaborations to be negotiated and formalized in separate agreements [1] - The board of Haizhi Technology Group believes that the strategic cooperation will achieve resource complementarity and synergistic development, leveraging both parties' technological advantages, industry experience, and market resources [1] Group 3: Regulatory Compliance - The company will make further announcements as necessary or appropriate in accordance with the Hong Kong Stock Exchange's securities listing rules [1]

Core Viewpoint - Haizhi Technology Group (02706.HK) has entered into a strategic cooperation framework agreement with Beijing Zhipu Huazhang Technology Co., Ltd. ("Zhipu") to collaborate in model training and application scenarios [1] Company Overview - Haizhi Technology focuses on developing Atlas graph solutions and industry-level intelligent agents through graph-model fusion technology, providing industry-level artificial intelligence solutions [1] - Zhipu is a leading artificial intelligence company in China, dedicated to pursuing innovations in Artificial General Intelligence (AGI) and is listed on the Hong Kong Stock Exchange (stock code: 02513) [1] Strategic Cooperation - The board of Haizhi Technology believes that the strategic cooperation will achieve resource complementarity and collaborative development, leveraging both parties' technological advantages, industry experience, and market resources [1]

（於中華人民共和國註冊成立的股份有限公司） （股份代號：2706) 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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公告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 Haizhi Technology Group Co., Ltd. 北京海致科技集團股份有限公司 本公司專注於通過圖模融合技術開發Atlas圖譜解決方案及產業級智能體，並提供 產業級人工智能解決方案。智譜為中國領先的人工智能企業，致力於追求通用人 工智能(AGI)創新，其H股於香港聯合交易所有限公司上市（股份代號：02513）。 本公司董事會認為，憑藉雙方各自的技術優勢、行業經驗及市場資源，根據戰略 合作框架協議擬進行的戰略合作將實現資源互補與協同發展。 戰略合作框架協議屬框架性合作文件，具體合作業務將由雙方另行協商並簽訂具 體協議。本公司將根據《香港聯合交易所有限公司證券上市規則》於必要或適當時 作出進一步公告。 承董事會命 北京海致科技集團股份有限公司 執行董事兼總經理 楊再飛先生 中國，北京 2026年2月24日 於 ...

Core Viewpoint - Haizhi Technology Group, known as the "first stock to eliminate hallucinations in large models," successfully listed on the Hong Kong Stock Exchange, achieving a remarkable first-day increase of 242.20%, the highest since 2026 [1]. Group 1: Company Overview - Haizhi Technology Group raised approximately HKD 759 million during its IPO, with an oversubscription rate of 5065.06 times in the public offering phase [2]. - The company specializes in developing Atlas graph solutions and industry-level intelligent agents through graph-model fusion technology, which integrates knowledge graphs with large models [4]. - According to Frost & Sullivan, Haizhi ranks fifth among industrial AI intelligent agent providers in China by revenue for 2024, holding a market share of 2.8%, and is the leading provider in China for AI intelligent agents centered around graphs, with a market share of approximately 50% [4]. Group 2: Technological Capabilities - Haizhi Technology Group is the first company in the industry to effectively reduce hallucinations in large models, which refers to AI outputs that appear coherent but are factually incorrect [4]. - The company has established core competencies in three dimensions: factual accuracy, hallucination rate, and complex logical reasoning ability, ensuring high reliability in outputs and low rates of unverifiable or erroneous content [4]. Group 3: Financial Performance - The company has shown steady revenue growth, with revenues of RMB 313 million in 2022, RMB 376 million in 2023, and projected RMB 503 million in 2024. However, it has consistently reported losses, with losses of RMB 176 million in 2022, RMB 266 million in 2023, and RMB 94 million in 2024 [7][8]. - For the first nine months of 2025, the company reported revenues of RMB 249 million but incurred a loss of RMB 211 million [7][8]. - After adjusting for certain financial impacts, the company reported an adjusted net profit of RMB 16.9 million for 2024, while for the first nine months of 2025, it recorded an adjusted net loss of RMB 46 million [9]. Group 4: Shareholder Structure - The company is jointly controlled by key individuals, including Chairman Ren Xuyang and CEO Yang Zaifei, who collectively held approximately 29.46% of the issued share capital before the IPO, which decreased to 27.39% post-IPO [12]. - Notable institutional investors include Junlian Capital, BAI Capital, IDG Capital, and Hillhouse Capital, among others, indicating strong backing from prominent venture capital firms [12][13]. Group 5: Strategic Initiatives - Haizhi Technology Group aims to achieve profitability in the coming years by expanding its business scale, enhancing overall profitability, and optimizing cash flow management [9].

Group 1 - Beijing Haizhi Technology Group Co., Ltd. successfully completed its initial public offering and listed on the Hong Kong Stock Exchange on February 13, 2026 [2] - The company specializes in high-performance graph computing technology and provides industry-level artificial intelligence solutions, with applications in finance, energy, smart manufacturing, transportation, healthcare, and public services [3][4] - Haizhi Technology Group is recognized as a national high-tech enterprise and focuses on data integration governance and deep analysis for government and enterprise clients [3] Group 2 - The company aims to build a data-driven intelligent decision-making system to enhance business efficiency and unlock the value of customer data assets [4] - The service ecosystem provided by the company includes "products + technology + services" tailored to business needs [4]