On June 12th, according to media reports, Yunzhisheng Intelligent Technology Co., Ltd. has passed the hearing of the Hong Kong Stock Exchange and disclosed the data set after the hearing on the evening of the 12th, with China International Capital Corporation and Haitong International serving as joint sponsors.
Prior to this, Yun Zhisheng had already completed the filing notice for the "full circulation" of overseas issuance and domestic unlisted shares issued by the China Securities Regulatory Commission. This means that Yun Zhisheng is about to become the "first Hong Kong AGI stock" this year.
Huang Wei, founder and CEO of Yunzhisheng, once said that it is difficult to make big models. From the positioning of Shanhai Big Model, it is even more challenging for Yunzhisheng to become a world leading big model in the future. Artificial intelligence is my lifelong career, and I believe that shortcuts are the most difficult path in the world. The development of enterprises requires the courage to do difficult but correct things
Starting from November 2020, Yunzhisheng submitted its prospectus to the Shanghai Stock Exchange, aiming to become the "first AI voice stock" on the Science and Technology Innovation Board; In 2023, Yun Zhisheng will submit a prospectus for listing on the main board of the Hong Kong Stock Exchange, aiming to pursue an IPO in the Hong Kong stock market. Now, after five years of IPO sprint, Yunzhisheng is finally knocking on the door of the Hong Kong Stock Exchange.
The prospectus shows that the net proceeds raised from this IPO will mainly be used to invest in Atlas AI infrastructure to enhance research and development capabilities, invest in emerging business opportunities, improve product application and penetration in vertical industries and scenarios, expand internationally and strategically, as well as working capital and general company purposes.
In terms of finance, during the track record period, Yunzhisheng's revenue mainly came from selling AI products and solutions. In 2022, 2023, and 2024, Yunzhisheng's revenue will be approximately RMB 601 million, RMB 727 million, and RMB 939 million, respectively, with a compound annual growth rate of 25%; The gross profits for the same period were approximately RMB 240 million, RMB 295 million, and RMB 364 million, respectively, with a compound annual growth rate of 23.3%.
