智通财经APP获悉，五一视界(06651)盘中涨超15%，高见60.85港元创上市新高，较招股价30.5港元已接 近翻倍。截至发稿，涨11.44%，报58.95港元，成交额4881.56万港元。 公开资料显示，五一视界成立于2015年2月份，是一家致力于克隆地球5.1亿平方公里的科技公司。公司 长期围绕3D图形、模拟仿真及人工智能三大领域的技术进行大量投资并发展核心竞争力，已推出三大 核心业务，分别为51Aes(数字孪生平台)、51Sim(智驾仿真平台)及51Earth(数字地球平台)，产品已被全 球超千家大中型企业广泛应用，业务覆盖19个国家和地区。 据悉，公司在PhysicalAI的三个关键组件(数据燃料、空间模型、训练平台)上均搭建起完善的技术能 力，并构建起"合成数据—空间智能模型—仿真训练平台"的全链条物理AI闭环生态，形成了难以复制的 技术与生态壁垒，是全球少数真正具备PhysicalAI三要素的公司。此外，凭借着强大的工程落地能力， 五一视界的PhysicalAI产品系统均已在智能驾驶、交通枢纽、智慧工厂、智慧能源等垂直场景实现商业 化应用。 ...

据悉，公司在PhysicalAI的三个关键组件(数据燃料、空间模型、训练平台)上均搭建起完善的技术能 力，并构建起"合成数据—空间智能模型—仿真训练平台"的全链条物理AI闭环生态，形成了难以复制的 技术与生态壁垒，是全球少数真正具备PhysicalAI三要素的公司。此外，凭借着强大的工程落地能力， 五一视界的PhysicalAI产品系统均已在智能驾驶、交通枢纽、智慧工厂、智慧能源等垂直场景实现商业 化应用。 五一视界(06651)盘中涨超15%，高见60.85港元创上市新高，较招股价30.5港元已接近翻倍。截至发稿， 涨11.44%，报58.95港元，成交额4881.56万港元。 公开资料显示，五一视界成立于2015年2月份，是一家致力于克隆地球5.1亿平方公里的科技公司。公司 长期围绕3D图形、模拟仿真及人工智能三大领域的技术进行大量投资并发展核心竞争力，已推出三大 核心业务，分别为51Aes(数字孪生平台)、51Sim(智驾仿真平台)及51Earth(数字地球平台)，产品已被全 球超千家大中型企业广泛应用，业务覆盖19个国家和地区。 ...

Core Viewpoint - 51WORLD has successfully listed on the Hong Kong Stock Exchange, marking a significant milestone for the company and the Physical AI industry in China, as it becomes the first Physical AI enterprise to go public in the country [1][3]. Group 1: IPO Details - 51WORLD issued a total of 23,975,200 shares during its IPO, raising a total of HKD 731 million [3]. - The public offering in Hong Kong was oversubscribed by 258 times, with strong interest from various types of investors including long-term funds and hedge funds [3]. - Upon opening, the stock price reached HKD 35, representing a 14.75% increase from the issue price, with a market capitalization exceeding HKD 14 billion [3]. Group 2: Company Overview - Founded in February 2015, 51WORLD focuses on cloning Earth's 5.1 million square kilometers and has invested heavily in 3D graphics, simulation, and artificial intelligence [6]. - The company has developed three core business platforms: 51Aes (Digital Twin Platform), 51Sim (Intelligent Driving Simulation Platform), and 51Earth (Digital Earth Platform), which are widely used by over 1,000 medium and large enterprises across 19 countries and regions [6]. - 51WORLD has established a complete Physical AI ecosystem, integrating synthetic data, spatial intelligence models, and simulation training platforms, making it one of the few companies globally with all three elements of Physical AI [6]. Group 3: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 were RMB 170 million, RMB 256 million, RMB 287 million, and RMB 54 million respectively [6]. - The compound annual growth rate (CAGR) of revenue from 2022 to 2024 was 30.02%, with a year-on-year revenue growth of 62.04% in the first half of 2025 [6]. - Corresponding net losses for the same periods were RMB 190 million, RMB 87 million, RMB 79 million, and RMB 94 million, with adjusted net losses of RMB 132 million, RMB 68 million, RMB 43 million, and RMB 67 million respectively [6]. Group 4: Investment and Market Outlook - 51WORLD has a strong backing from notable investors including Lightspeed, Yunji, Star VC, and SenseTime, as well as individual investors like Ge Weidong and Liang Bota [7]. - Experts believe that the next wave of AI will be "Physical AI," which is expected to become a new growth point in the market over the next decade [7]. - The successful listing of 51WORLD is anticipated to have a significant demonstration effect, attracting more capital and talent to accelerate technological innovation and application in the Physical AI field in China [7].