Core Viewpoint - Xiamen Ruiwei Information Technology Co., Ltd. (Ruiwei Technology) is set to go public on the Hong Kong Stock Exchange, aiming for a compound annual growth rate (CAGR) of 124.6% in revenue from 2022 to 2024, with a focus on visual intelligence technology for enterprise clients [2][6]. Group 1: Company Overview - Established in 2012, Ruiwei Technology specializes in providing visual intelligence technology and products, with applications in civil aviation, commercial spaces, and logistics [2]. - The company ranks first in the Chinese civil aviation visual intelligence product market with a market share of 8.9% and fourth in the commercial space market with a share of 1.7% as of 2024 [2]. Group 2: Product Categories - The company's visual intelligence products are categorized into three main areas: 1. **AI + Civil Aviation**: This includes smart passage control, security checks, and passenger services, enhancing safety, operational efficiency, and customer satisfaction [3]. 2. **AI + Commercial**: The Starry Sky Smart Business System promotes digital transformation in commercial and industrial sectors, providing smart upgrades for security and operational efficiency [5]. 3. **AI + Freight**: The company offers smart safety driving products aimed at improving road safety and fleet efficiency, with over 350,000 freight vehicles equipped with their smart safety driving terminals [5]. Group 3: Financial Performance - Revenue figures for Ruiwei Technology from 2022 to 2024 are projected at 0.78 million, 2.42 million, and 3.95 million respectively, reflecting a CAGR of 124.6% [5]. - The gross profit margins for the same period are 15.7%, 40.8%, and 39.8% [5]. - The company achieved profitability in 2024 with a net profit of 8.28 million [6]. Group 4: Investment and Valuation - Ruiwei Technology has completed multiple rounds of financing, with a valuation of 2.619 billion RMB following the last round before the IPO [6][7]. - The funds raised from the IPO will be primarily allocated to enhancing R&D capabilities, establishing production bases, seeking strategic investments, and expanding marketing and overseas sales channels [7].