Core Viewpoint - Shanghai Hehe Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor, highlighting its flagship product, CamScanner, as the largest image-based text processing AI product globally [1][5]. Company Overview - Hehe Information is a leading global AI product company, dedicated to innovation through AI technology, serving over a billion users and diverse industry clients across more than 200 countries and regions [5][6]. - The company ranks first in China and fifth globally in terms of revenue among AI products with over 100 million monthly active users, maintaining strong growth [5]. Product Portfolio - Hehe Information offers a comprehensive product suite for both C-end users and B-end clients, including popular C-end products like CamScanner, Business Card Scanner, and Qixinbao [5]. - The B-end product lines include TextIn for intelligent text processing and Qixin Huayan for business data intelligence [6]. Market Position - The flagship product, CamScanner, has consistently ranked first in the free efficiency app download charts on the Apple App Store in 84 countries since 2013, while Business Card Scanner has topped the free business app charts in 41 countries [7]. - Hehe Information is one of the few AI-native companies with a substantial user base both in China and globally, holding a significant market share in efficiency AI products [7]. Financial Performance - The company reported revenues of approximately RMB 988 million, RMB 1.187 billion, RMB 1.438 billion, and RMB 395 million for the years ending March 31, 2022, 2023, 2024, and the first quarter of 2025, respectively [8]. - Corresponding net profits for the same periods were approximately RMB 284 million, RMB 323 million, RMB 401 million, and RMB 116 million [8].