来源：子弹财经 三闯港股， 背着对赌协议的廖峪，还要为公司上市继续奔走。 近日，诺比侃人工智能科技（成都）股份有限公司（以下简称：诺比侃）向港交所递交招股书，中金公 司为独家保荐人。 此次递表港交所，已经不是诺比侃首次和资本市场打交道。在冲击港交所之前，诺比侃曾筹划在A股上 市，最终未果。转向港股之后，又两次递表但均以招股书失效告终。 在发展中，诺比侃主要聚焦交通、能源、城市治理等领域的AI技术落地，这种业务模式注定了其会极 度依赖政府部门——近年来，公司9成左右收入都来自公共部门。 但在这些客户面前，诺比侃的话语权并不高，表现就是贸易应收款项一路走高，而由此产生的损失拨备 也越来越多，不断侵蚀利润。今年上半年，公司已经出现"增收不增利"的问题。 经营承压之下，诺比侃仍在冲刺港交所的道路上屡败屡战，一定程度上是因为若撤回上市申请，或被港 交所驳回上市申请，廖峪等股东需赎回部分投资方所持股份。 只是，廖峪何时才能圆"上市梦"？ 1 坏账准备高于期内利润 近年来，AI赛道发展如火如荼，吸引了成千上万的企业投身于此，诺比侃是其中一员。 目前，诺比侃主要专注于AI和数字孪生等技术在交通、能源及城市治理等领域的产业化应 ...

Group 1: Company Overview - Kanop focuses on the research, manufacturing, and sales of industrial robots, covering core components, complete machines, and intelligent equipment development [3] - Dongshan Precision engages in precision manufacturing and electronic components, including precision sheet metal parts, precision casting, and flexible circuit board design and production [5] - Nobikang specializes in the industrial application of AI technologies and digital twins in sectors such as AI+ transportation, AI+ energy, and AI+ urban governance [9] Group 2: Financial Performance - Kanop's revenue for 2022 to 2024 is projected to be 197 million, 222 million, and 234 million CNY, with net profits of 28.27 million, 1.69 million, -12.94 million, and 8.44 million CNY respectively [3] - Dongshan Precision's revenue for 2022 to 2024 is expected to be 31.58 billion, 33.65 billion, and 36.77 billion CNY, with net profits of 2.368 billion, 1.965 billion, and 1.085 billion CNY [5] - Nobikang's revenue from 2021 to 2024 is anticipated to be 101 million, 253 million, 364 million, and 186 million CNY, with net profits of 25.74 million, 63.16 million, 88.57 million, and 50.74 million CNY [9] Group 3: IPO Applications - Kanop submitted its IPO application to the Hong Kong Stock Exchange on November 17 [1] - Dongshan Precision filed its IPO application on November 18 [2] - Nobikang re-submitted its IPO application on November 18 after previously filing on November 12, 2024 [6]

Core Insights - The China Securities Regulatory Commission has confirmed the overseas listing of three companies: Huichuang Electronics, Nobikang, and Meilian Co., with Huichuang planning to list in Taiwan and the other two in Hong Kong [1][5]. Group 1: Huichuang Electronics - Huichuang Electronics plans to issue no more than 10,400,000 ordinary shares and list on the Taiwan Stock Exchange [1]. - The company specializes in the research, design, and manufacturing of automotive electronic products, including automatic door lock systems, electric window lifters, and smart anti-theft devices [3]. Group 2: Nobikang - Nobikang intends to issue no more than 4,354,550 ordinary shares for its listing on the Hong Kong Stock Exchange [5]. - The company focuses on the industrial application of artificial intelligence technologies and digital twins in sectors such as AI + transportation, AI + energy, and AI + urban governance, providing intelligent monitoring, testing, and operation solutions [6]. - Financial performance shows revenues of 101 million, 253 million, 364 million, and 186 million yuan for the years 2021 to 2023 and the first half of 2024, with corresponding net profits of 25.74 million, 63.16 million, 88.57 million, and 50.74 million yuan [6]. Group 3: Meilian Co. - Meilian Co. plans to issue no more than 36,780,300 ordinary shares for its listing on the Hong Kong Stock Exchange [9]. - The company is a comprehensive service provider in the prefabricated steel structure construction market, offering services that include project design and optimization, procurement, manufacturing, and installation [9]. - Financial data indicates revenues of 1.903 billion, 1.453 billion, 1.523 billion, and 1.424 billion yuan for the years 2022 to 2024 and the first half of 2025, with net profits of 87.71 million, 62.13 million, 70.78 million, and 62.63 million yuan [9].