Group 1 - Shenzhen Haiqing Zhiyuan Technology Co., Ltd. has officially submitted its listing application to the Hong Kong Stock Exchange, marking its accelerated move towards the capital market [1] - One month prior to the listing application, the company successfully completed a D-round financing of 50 million RMB, providing strong momentum for its IPO journey [1] Group 2 - Haiqing Zhiyuan's prospectus reveals its technological strength and market position, with a 3.5% market share in China's multispectral AI market, ranking first in the industry [3] - The company achieved a revenue of 523 million RMB in 2024, representing a year-on-year growth of over 300%, and a net profit of 40.41 million RMB, successfully turning a profit [3] - The strong performance is attributed to increased demand for security application products, new customer orders, and a gross margin of 32.9% from its large model services, which improved the overall gross margin from 12.2% in 2023 to 18.8% [3] Group 3 - Haiqing Zhiyuan has made significant technological breakthroughs with its "multispectral sensing and computing integration," "lightweight edge AI computing," and "multispectral AI large model platform," which have been widely applied in smart cities, data center security, and industrial monitoring [4] - The company has seen an increase in customer concentration, with the top five customers accounting for 64.8% of its revenue, further solidifying its market position [4] Group 4 - The company plans to use the funds raised from the IPO for research and development enhancement, production capacity expansion, strategic acquisitions, and global market penetration [4] - Strategic acquisitions and partnerships are viewed as key methods to enhance technological strength and market competitiveness, allowing the company to integrate resources and technological capabilities from acquired firms and partners [4]

Group 1 - Shenzhen Haiqing Zhiyuan Technology Co., Ltd. has officially submitted its IPO application to the Hong Kong Stock Exchange after completing a Series D financing round of 50 million yuan one month ago [1][3] - The company relies on its self-developed "Optical Sensing and Computing" technology architecture to provide a full-link solution covering multi-spectral AI modules, perception terminals, and large model services [3] - According to Frost & Sullivan's report, Haiqing Zhiyuan holds a 3.5% market share in China's multi-spectral AI enterprise market, ranking first, while its large model services have an 11.8% market share, also leading nationally [3] Group 2 - Financial data indicates that after experiencing an industry adjustment in 2023, Haiqing Zhiyuan's performance rebounded strongly in 2024, achieving an annual revenue of 523 million yuan, a year-on-year increase of over 300% [3] - The company reported a net profit of 40.41 million yuan, successfully turning a profit, driven by increased demand for security application products and a high gross margin of 32.9% from large model services [3] - The overall gross margin improved from 12.2% in 2023 to 18.8% in 2024, reflecting the successful commercialization of its large model services [3] Group 3 - Haiqing Zhiyuan plans to focus its IPO fundraising on four key areas: strengthening R&D, expanding production capacity, strategic acquisitions, and penetrating global markets [4] - The company aims to integrate its technical expertise in multi-spectral sensing, embedded AI, and large model origins with the resources and capabilities of acquired companies and strategic partners [4] - This strategy is expected to accelerate innovation in key areas such as large model training and chip design, enhancing the competitiveness of its multi-spectral AI platform technology [4]