Core Viewpoint - Shanghai Shangmi Technology Group Co., Ltd. has submitted its prospectus to the Hong Kong Stock Exchange, aiming to capitalize on the growing demand for Business Internet of Things (BIoT) solutions, with a focus on digital transformation in offline commercial scenarios [3]. Company Overview - Shangmi Technology is a provider of BIoT solutions that integrates smart hardware, software, and data insights to enhance operational efficiency in various business processes such as payment, membership management, order fulfillment, inventory control, and employee management [3]. - The company is currently the largest provider of Android-based BIoT solutions globally, holding over 10% market share as of 2024 [3]. Financial Performance - Revenue for Shangmi Technology from 2022 to 2024 is projected to be 3.404 billion RMB, 3.071 billion RMB, and 3.456 billion RMB respectively [4]. - Net profit for the same period is expected to be 160 million RMB, 101 million RMB, and 181 million RMB respectively [4]. - The company anticipates significant growth in the Android-based BIoT solutions market over the next five years [3]. Leadership - The founder, Lin Zhe, is a serial entrepreneur with over 20 years of industry experience, having pioneered the first PC-based POS machine in 1999 and the first Android-based POS machine in 2011 [4][5]. - Lin Zhe has been serving as the Chairman and General Manager of the company since December 2013, overseeing overall business operations, strategy, and corporate development [5].

Core Viewpoint - Shanghai Sunmi Technology Group Co., Ltd. has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, with Deutsche Bank, CITIC Securities, and Agricultural Bank of China International as joint sponsors [1] Company Overview - Sunmi Technology is a provider of Business Internet of Things (BIoT) solutions, integrating smart hardware, software, and data insights to enable digital transformation in various offline business scenarios [1] - The company is currently the largest provider of Android-based BIoT solutions globally, holding over 10% market share as of 2024 [1] Market Potential - The Android-based BIoT solutions market is expected to experience explosive growth over the next five years [1] Financial Performance - Revenue for Sunmi Technology from 2022 to 2024 is projected as follows: 3.404 billion RMB in 2022, 3.071 billion RMB in 2023, and 3.456 billion RMB in 2024 [2] - Net profit for the same period is expected to be 0.159 billion RMB in 2022, 0.101 billion RMB in 2023, and 0.181 billion RMB in 2024 [2] Investment Background - Sunmi Technology has completed multiple rounds of financing since its establishment, with investors including Xinxing Venture Capital, Hantao Consulting, and Yunxin Venture Capital [2] - Pre-IPO, Yunxin Venture Capital holds 27.27%, Hantao Consulting holds 8.2%, and Xinxing Venture Capital holds 7.78% of the company [2]