Core Viewpoint - Haizhi Technology is set to become the first company to go public in Hong Kong focusing on solving the "hallucination" problem of large language models, marking a significant milestone in the AI industry in China [1][4]. Company Overview - Founded in 2013 by Ren Xuyang, a veteran from Baidu, Haizhi Technology aims to create world-class software with a focus on AI solutions [4]. - The company has a strong management team with an average age of under 45, including CEO Yang Zaifei and CTO Yang Juan, emphasizing a technology-driven approach [8]. Technology and Innovation - Haizhi Technology's core technology is based on a deep collaboration with Tsinghua University, leading to the development of the AtlasGraph, a high-performance distributed graph database that set a world record in 2023 [8][10]. - The company launched the Atlas intelligent agent solution in September 2023, integrating knowledge graphs with large language models to effectively address the hallucination issue [8]. Financial Performance - The revenue for Haizhi Technology is projected to grow significantly, with the Atlas intelligent agent business expected to increase from 8.9 million RMB in 2023 to 86.66 million RMB in 2024, marking a growth rate of 872.2% [9]. - The company reported revenues of 312.99 million RMB, 375.57 million RMB, and 503.13 million RMB for the years 2022, 2023, and 2024 respectively, with a compound annual growth rate of 26.8% [14]. Market Position and Growth Potential - The market for industrial-grade AI solutions in China is expected to grow from 65.4 billion RMB in 2025 to 286.1 billion RMB by 2029, with a compound annual growth rate of 44.6% [16]. - Haizhi Technology holds over 50% market share in the AI intelligent agent sector in China, positioning itself as a leader in this rapidly growing market [16].