近年来，明略科技在AI领域持续实现关键突破。2024年，明敬超图多模态大模型（HMLLM）实现了AI 模拟人类主观情感反应的技术突破，荣获全球顶会ACM MM 2024最佳论文提名。2025年，专有GUI模 型Mano（"AI灵巧手"）通过首创的在线强化学习与数据智能采集技术，成功登顶全球Mind2Web与 OSWorld两大权威榜单，达到SOTA水平，为智能体的图形界面操作带来了可扩展、可进化的新范式； 专为高效执行专业指令推理而设计的轻量级模型Cito（"AI专家脑"），在多轮对话场景中表现卓越。 基于一系列创新技术成果，明略科技于今年9月推出了企业级专有大模型产品线DeepMiner，正式将核 心战略聚焦于"打造企业级AgenticAI"，以"可信智能体模型+可信数据"为核心差异化优势，切入企业级 AI大模型赛道，推动企业实现"可信生产力"。同期，明略科技正式签约成为中国香港特区政府"重点引 进企业"。随着中国企业海外扩张加速，其全球化战略有望进一步打开增长空间。 明略科技创始人、CEO兼CTO吴明辉在上市庆祝活动致辞表示，"人工智能的发展离不开信任，只有解 决了信任问题的人工智能才能真正融入生产流程中 ...

Core Insights - Minglue Technology (stock code: 2718.HK) officially listed on the Hong Kong Stock Exchange on November 3, 2025, becoming the "first global Agentic AI stock" and the first company in Hong Kong with a complete technology stack for Agentic AI [1] Group 1: Listing Details - The company issued a total of 7,219,000 Class A shares at an issue price of HKD 141 per share, raising over HKD 1 billion [1] - The public offering was highly oversubscribed, with a subscription rate of 4,452.86 times for the Hong Kong public offering and 13.93 times for the international offering [1] - After opening, the stock price surged to HKD 298.80, an increase of 111.9% from the issue price, resulting in a market capitalization of HKD 43 billion [1] Group 2: Company Positioning and Technology - According to Frost & Sullivan, Minglue Technology is the largest data intelligence application software provider in China by total revenue for 2024, and also the largest provider in marketing intelligence and operational intelligence application software [5] - The company has accumulated significant industry data and possesses three core technological advantages in data intelligence, enterprise knowledge graphs, and data privacy, creating a solid barrier for entering the enterprise-level AI large model market [5] - As of June 30, 2025, Minglue Technology holds 2,322 authorized patents and has 596 patent applications [5] Group 3: Innovations and Strategic Focus - In 2024, the company achieved a breakthrough in AI technology with its multi-modal large model (HMLLM), which simulates human subjective emotional responses, earning a nomination for Best Paper at the global ACM MM 2024 conference [5] - In 2025, its proprietary GUI model, Mano ("AI Agile Hand"), topped two authoritative global rankings, establishing a new paradigm for graphical interface operations [5] - The company launched its enterprise-level proprietary large model product line, DeepMiner, in September 2025, focusing on "building enterprise-level Agentic AI" with a core differentiation of "trustworthy intelligent models + trustworthy data" [6] Group 4: Future Outlook - Minglue Technology's global expansion strategy is expected to open up further growth opportunities as Chinese enterprises accelerate their overseas expansion [6] - The CEO emphasized the importance of trust in AI development, stating that the company's mission is to create data-driven trustworthy productivity solutions for global enterprises [6]