近日，量化派在港交所更新招股书，第五次向香港主板发起冲击。作为中国消费领域的重要参与者，此次递表不仅是企业 自身的关键资本动作，更折射出中国线上消费市场在技术赋能下的广阔前景。 量化派创立于2014年，是一家专注于中国消费领域的线上市场运营商。公司秉承"数字驱动世界，智能点亮生活"的使命，依 托自主研发的AI技术平台，为消费者与合作伙伴提供智能化、精准的消费体验。通过多元消费场景的数字化运营，其在智 能推荐、精准分发和用户运营方面具备核心优势，能为合作伙伴提供从流量获取到客户管理的全链路支持，凭借领先技术 实力与专业团队，持续助力消费产业数字化发展。 中国线上消费市场的蓬勃发展，为量化派提供了肥沃土壤。数据显示，中国线上消费商店市场规模从2020年的13.9万亿元增 至2024年的25.7万亿元，复合年增长率达16.5%;预计2025年至2029年，将从29.1万亿元进一步增长至41.2万亿元，复合年增 长率9.1%。2024年该市场占整体零售市场份额已达36.9%，且未来占比有望持续提升。 在此赛道上，量化派精准定位"线上市场运营商"，不直接涉足零售，而是为生态参与者提供基础设施服务。截至2025年5月 3 ...

2024年我国数字经济核心产业发明专利授权量达50万件，位居全球第一；全国数据企业数量超40万家， 数据产业规模达5.86万亿元，较"十三五"末增长117%。这一系列亮眼数据均指向一个方向：数字经济成 为驱动中国经济高质量发展的核心引擎。 在这样的政策红利与行业浪潮中，深耕线上消费领域的量化派，正以冲刺港交所的姿态进入公众视野。 这家创立于2014年的企业，是一家专注于中国消费领域的"线上市场运营商"，其此次上市举动引发市场 对线上消费服务领域发展前景的高度关注。 一、业绩持续增长，印证成熟商业模式 业绩数据最能直观反映公司的经营情况。 2022年至2024年，公司总收入从4.75亿元（单位：人民币，下同）增长至9.93亿元，期间复合增长率达 到44.54%；这一趋势也延续到了今年，2025年前五个月，公司总收入同比增长38.1%，达到4.14亿元。 在盈利能力上，经调整溢利从2022年1.26亿元跃升至2024年3.63亿元，复合增速达到69.6%，今年前五 个月更是达到2.12亿元。 收入与利润的持续增长，打破了部分数字科技企业商业化困境，充分证明了其商业模式的可持续性与市 场竞争力。为何量化派能做到这一 ...

Group 1 - Company "量化派科技有限公司" has submitted its listing application to the Hong Kong Stock Exchange, planning to issue up to 15,097,500 ordinary shares, with CICC and CITIC Securities as joint sponsors [1] - The listing coincides with the conclusion of China's 14th Five-Year Plan for the digital economy, with policies intensifying support for digital consumption and e-commerce innovation, positioning the company to leverage capital markets for further expansion in these sectors [1][2] Group 2 - The Chinese government has set strategic goals for the digital economy, including the cultivation of numerous billion-level e-commerce platforms and the establishment of a comprehensive cross-border e-commerce service system, providing policy incentives for companies like "量化派" [2] - "量化派" has developed a technology platform that integrates deeply into the e-commerce ecosystem, utilizing intelligent recommendation algorithms and dynamic pricing models to enhance conversion rates and user engagement [2] Group 3 - Since its establishment in 2014, "量化派" has focused on providing scenario-based digital precision matching solutions for e-commerce, cross-border trade, and smart manufacturing, aiming to reduce costs and improve efficiency through data intelligence [3] - The company reported a revenue of 3.82 billion yuan in the first half of 2024, a year-on-year increase of 47.56%, with adjusted profit rising by 75.75% to 1.54 billion yuan, indicating strong growth driven primarily by e-commerce technology services [3] - "量化派" has over 51.8 million registered users and an average daily active user count of 2.3 million, with a repurchase rate exceeding the industry average by 23 percentage points [3] Group 4 - The company plans to use the funds raised from its IPO to enhance its R&D capabilities, improve technical infrastructure, and promote its business model, focusing on technology iteration and scenario expansion [4] - The National Bureau of Statistics predicts that by 2025, China's digital economy will exceed 60 trillion yuan, with e-commerce transaction volume continuing to rise, indicating a promising future for "量化派" as it aims to shift digital consumption from a traffic-driven model to a value-driven one [4]