上市不仅是扩张需求，更是生存必需。 近日，来自成都的人工智能公司诺比侃再度向港交所递交招股书，中金公司（601995）为独家保荐人。 此前，诺比侃曾在2023年2月接受中金公司辅导，拟冲刺科创板IPO，但随后决定转战香港上市，并于 2024年11月12日首次递表港交所。 谈及转战港交所的原因，诺比侃曾表示："为进一步拓展公司的全球业务，并考虑到港交所能够为该公 司提供获取境外资本及吸纳各类境外投资者的国际化平台，公司自愿决定不再继续推进过往的A股上市 计划。" 二度递表之后，诺比侃坎坷的上市之路能否迎来圆满结局？ "多条腿"走路 2022年，公司营业收入为2.53亿元，利润为6316.1万元；2023年，营业收入增长至3.64亿元，利润达到 8856.6万元；到了2024年，营业收入提升至4.03亿元，利润约为1.15亿元。 记者注意到，相较于前次招股书，诺比侃此次递表不仅更新了财务数据，还详细描述了各业务线的具体 产品和应用场景，如AI+交通中的轨道交通4C产品、AI+能源中的电网融合建设IT智能运维解决方案 等；强调了通过AI行业模型实现跨行业应用，促进业务快速扩展。 诺比侃成立于2015年，专注于人工智 ...

Fundraising Overview - The company raised a total of RMB 435,416,006.56 through the issuance of 38,261,512 shares at a price of RMB 11.38 per share, with net proceeds after fees amounting to RMB 396,359,402.79 [1][2] - The actual usable funds after deducting underwriting and other issuance costs were RMB 378,305,888.60 [2] Fund Usage and Management - As of December 31, 2024, all fundraising projects have been completed, and any surplus funds were permanently allocated to supplement working capital [3][6] - The company adhered to regulatory requirements for managing and using the raised funds, with no violations reported [4][13] - The company established a tripartite supervision agreement with its underwriter and banks to ensure proper management of the funds [4] Fund Allocation and Surplus - The company used RMB 459.73 million of the excess funds to permanently supplement working capital, which is within the limit of 30% of the total excess funds [8][11] - By the end of 2024, all excess funds totaling RMB 2,867.20 million were permanently allocated to working capital [9] Financial Performance - The company reported a net profit of RMB 51,336,898.36 for the year 2024, with a proposed cash dividend of RMB 5.00 per 10 shares, totaling RMB 77,066,773.50 [20][21] - The total cash distribution and share buyback amounted to RMB 112,509,858.26, representing 219.16% of the net profit [21] Audit and Compliance - The company’s fundraising and usage report was verified by the accounting firm, which confirmed compliance with relevant regulations [14][15] - The company plans to continue its relationship with the auditing firm, Lixin, for the 2025 fiscal year [28][29] Stock Incentive Plan - The company adjusted the grant price for its 2023 stock incentive plan to RMB 7.88 per share following a cash dividend distribution [57][59]

Core Viewpoint - The company is a leading supplier of intelligent systems for rail transit, focusing on smart training, intelligent operation and maintenance, smart vehicle depot solutions, intelligent traction power supply, and intelligent freight solutions, aiming to enhance safety and efficiency in rail operations [3][20][21]. Company Overview - The company operates in the rail transit sector, providing solutions to various customer groups including national railways, urban rail, and vocational schools [3][20]. - The company has a comprehensive product line that covers multiple application scenarios in the rail transit industry, filling technological gaps and business shortcomings in the industry [20]. Business Strategy - The company follows a "3351" strategic plan, targeting three major customer groups and three main business sectors, while providing five major system solutions [7][20]. - The company integrates advanced technologies such as big data, cloud computing, IoT, 5G, AI, and digital twins into its solutions to enhance operational efficiency and passenger experience [7][20]. Key Products and Solutions - **Smart Training Solutions**: Utilizes digital twin technology and AI for comprehensive training systems covering various rail transit roles, enhancing training quality and efficiency [8][9]. - **Intelligent Operation and Maintenance Solutions**: Focuses on lifecycle health management of vehicles, utilizing IoT and big data for smart analysis and decision-making [11][12]. - **Smart Vehicle Depot Solutions**: Aims to improve operational quality and efficiency through integrated intelligent management platforms [13][14]. - **Intelligent Traction Power Supply Solutions**: Provides efficient power management and energy utilization for rail operations [14][15]. - **Intelligent Freight Solutions**: Enhances operational efficiency and reduces costs through digital transformation of traditional freight models [16][17]. Industry Position - The company has received numerous national honors and is recognized as a key player in the rail transit intelligent systems market, with a strong focus on R&D and innovation [20][25]. - The company is well-positioned to benefit from national policies promoting the development of a comprehensive transportation network and the modernization of rail systems [21][22][23]. Financial Highlights - The company has undergone accounting policy changes affecting the classification of service fees, which may impact financial reporting [26]. - The company has engaged in share buybacks to maintain value and protect shareholder interests, repurchasing approximately 6.12 million shares [28][30].