Core Viewpoint - The company, a high-precision AI provider, is transitioning from "model wars" to "scene implementation" in the AI industry, marking its application for listing on the Hong Kong Stock Exchange as a significant milestone for the capital market and positioning itself as a leader in "AI + smart space" solutions [1][10]. Group 1: Company Overview - The company specializes in high-precision AI algorithms and smart space computing platforms, ranking fourth in China's smart transportation sector with a market share of 6.6%, and leading the roadside solutions segment with a market share of 19.3% [1][3]. - The company has made significant advancements in AI technology, particularly in computer vision and multi-modal perception, holding 338 patents and participating in the formulation of multiple national and local standards [3][4]. Group 2: Financial Performance - The company is currently experiencing losses primarily due to strategic investments and the accounting treatment of financial instruments, rather than a decline in core business operations [5][6]. - Revenue has grown from 538 million to 699 million CNY from 2022 to 2024, indicating healthy business growth, despite a temporary decline in the first half of 2025 due to project completion timing [5][6]. - The company's net losses for 2022, 2023, and 2024 were 360 million, 257 million, and 288 million CNY respectively, with financial instrument valuation changes contributing significantly to these losses [6][7]. Group 3: Growth Potential - The company is positioned to benefit from the rapid growth of the global high-precision AI solutions market, projected to expand from 47.7 billion CNY in 2019 to 222.5 billion CNY by 2024, with a compound annual growth rate of 42.2% from 2025 to 2029 [13][16]. - The company plans to deepen its domestic market presence by collaborating with public transportation agencies and expanding into new cities, while also exploring international markets starting with Hong Kong [17][18]. Group 4: Strategic Advantages - The company is recognized as a potential "first stock of high-precision AI," providing a unique value proposition in the capital market as a city-level AI data platform [11][12]. - The company's technology platform aims to reconstruct urban digital infrastructure, enhancing decision-making and operational efficiency through real-time data collection and analysis [19][20].

据港交所官网，智慧互通科技股份有限公司（下称"智慧互通"）近日向港交所首次呈交了IPO（首次公 开募股）申请文件，中信证券和建银国际为联席保荐人。值得注意的是，智慧互通曾三次尝试在A股上 市均未果。就在今年9月28日，公司才刚与中信证券终止了上市辅导协议。 招股书显示，智慧互通拟将此次港股IPO募集资金用于加强前沿技术研究、改进产品及解决方案开发、 推进专有技术平台建设；海外业务扩张及销售与营销团队的强化；推进生产流程向更高程度自动化与智 能化转型；分配给营运资金及一般公司用途。 《每日经济新闻》记者注意到，智慧互通虽然在中国智慧交通行业内的所有空间智能路侧解决方案提供 商中排名第一，但在过往三年半却累计亏损近12亿元。此外，公司总客户数量从2022年年末的257家骤 减至2025年6月底的59家，同期应收款项及应收票据周转天数也从331天飙升至1051天。 主要业务毛利率在报告期内累降13.6个百分点 | | | | 截至12月31日止年度 | | | | | 截至6月30日止六個月 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

在参观和交流过程中,智慧互通(AICT)CTO李潇翔博士、战略发展总监John Yan及研发团队成员向研讨班 成员们详细介绍了公司旗下五大品牌:SUPER VISION(超视线)、AITS(爱通行)、AIPARK(爱泊车)、 AIC(爱充电)、AIPILOT(领航者)的业务范畴及技术优势,并就公司过去十年来在智路、自动驾驶、智慧 停车、智慧充电、智慧高速、低空立体交通等空间智能应用场景积累的应用优势和实践经验进行了分 享。 研讨班成员饶有兴趣地了解了公司的高精度人工智能(HAI)技术产品、解决方案及应用案例。他们结合 各国数字城市建设的实际情况以及各自专注的领域提出了相应的问题,就高精度人工智能(HAI)技术及解 决方案在各国落地的可能性与公司研发人员进行了的交流。 多位研讨班成员表示,他们此行的目的旨在深入了解和学习中国在数字经济和智慧城市建设方面的先进 经验并寻求合作机会。当成员们得知智慧互通(AICT)公司的高精度人工智能(HAI)产品技术在北京、上 海、广州、深圳、天津等超50座大中型城市落地,并在中东、北非、东南亚等地区的10多个国家实现了 业务布局时,纷纷对公司的技术实力和创新能力表示钦佩和赞赏, ...