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joined discussion · Jun 11 08:26

New IPO News | 'Multispectral AI Technology Company' Haiqing Zhiyuan launches its IPO, scheduled to list on June 22, with a board lot subscription amount of HK$3,636.31

Futu News, June 11: $HQVT (01392.HK)$ announced that its IPO will run from June 11 to June 16. The company plans to globally offer approximately 85.1625 million shares and expects to list on June 22.
Futu News, June 11: $HQVT (01392.HK)$ announced that its IPO will run from June 11 to June 16. The company plans to globally offer approximately 85.1625 million shares and expects to list on June 22. Company Overview Haiqing Zhiyuan is a Chinese multispectral AI technology company specializing in acquiring, processing, and analyzing optical information across multiple specific spectral bands, delivering more detailed insights than visible-light imaging. The company’s solutions enable higher-dimensional perception and security monitoring, providing enhanced decision-making intelligence related to broad-spectrum security and intelligent sensing for clients primarily engaged in software and IT services, electronic products, internet data centers, autonomous driving systems, telecom operators, IoT, system integration, and related construction businesses. The company’s multispectral AI technology focuses on multispectral imaging and processing, designed to capture and analyze data across various wavelengths of the electromagnetic spectrum. This technology integrates perceptual intelligence with edge AI into a unified system that facilitates spectral data acquisition and inference. Its perceptual intelligence precisely captures multispectral signals through spectral fusion—covering ultraviolet, infrared, and visible spectra—while its edge AI delivers real-time, low-latency decision-making via locally optimized performance in offline or low-bandwidth environments, ensuring uninterrupted security protection in latency-sensitive or communication-constrained scenarios. Financial Overview...
Company Overview
Haiqing Zhiyuan is a Chinese multispectral AI technology company specializing in acquiring, processing, and analyzing optical information across multiple specific spectral bands, delivering more detailed insights than visible-light imaging. The company’s solutions enable higher-dimensional perception and security monitoring, providing enhanced decision-making intelligence related to broad-spectrum security and intelligent sensing for clients primarily engaged in software and IT services, electronic products, internet data centers, autonomous driving systems, telecom operators, IoT, system integration, and related construction businesses.
The company's multispectral AI technology focuses on multispectral imaging and processing, aiming to capture and analyze data across various wavelengths of the electromagnetic spectrum. This technology integrates perceptual intelligence with edge AI to create a unified system that enhances the acquisition and inference of spectral band information. The company's perceptual intelligence precisely captures multispectral signals—spanning ultraviolet, infrared, and visible spectra—through spectral fusion, while edge AI enables real-time, low-latency decision-making via localized performance optimization in offline or low-bandwidth environments, thereby ensuring uninterrupted security protection in latency-sensitive or communication-constrained scenarios.
Financial Summary
During the historical period, Haiqing Zhiyuan’s revenue increased from RMB 117.1 million in fiscal year 2023 to RMB 522.6 million in fiscal year 2024, and further rose to RMB 668.5 million in fiscal year 2025, representing a compound annual growth rate (CAGR) of 138.9%. Gross profit for fiscal years 2023, 2024, and 2025 was RMB 14.3 million, RMB 98.2 million, and RMB 149.4 million, respectively. The company’s gross margins were 12.2%, 18.8%, and 22.3% in fiscal years 2023, 2024, and 2025, respectively.
Futu News, June 11: $HQVT (01392.HK)$ announced that its IPO will run from June 11 to June 16. The company plans to globally offer approximately 85.1625 million shares and expects to list on June 22. Company Overview Haiqing Zhiyuan is a Chinese multispectral AI technology company specializing in acquiring, processing, and analyzing optical information across multiple specific spectral bands, delivering more detailed insights than visible-light imaging. The company’s solutions enable higher-dimensional perception and security monitoring, providing enhanced decision-making intelligence related to broad-spectrum security and intelligent sensing for clients primarily engaged in software and IT services, electronic products, internet data centers, autonomous driving systems, telecom operators, IoT, system integration, and related construction businesses. The company’s multispectral AI technology focuses on multispectral imaging and processing, designed to capture and analyze data across various wavelengths of the electromagnetic spectrum. This technology integrates perceptual intelligence with edge AI into a unified system that facilitates spectral data acquisition and inference. Its perceptual intelligence precisely captures multispectral signals through spectral fusion—covering ultraviolet, infrared, and visible spectra—while its edge AI delivers real-time, low-latency decision-making via locally optimized performance in offline or low-bandwidth environments, ensuring uninterrupted security protection in latency-sensitive or communication-constrained scenarios. Financial Overview...
Use of Proceeds
Regarding the use of proceeds, Haiqing Zhiyuan expects net proceeds of approximately HKD 537 million from the global offering (assuming the over-allotment option is not exercised and based on an issue price of HKD 7.2 per share). According to the prospectus, Haiqing Zhiyuan intends to allocate the net proceeds from the global offering for the following purposes:
Approximately 50% is expected to be used to enhance the company’s research and development capabilities and increase investment in product development; approximately 25% will be allocated to expand production capacity to meet growing manufacturing demand; approximately 15% will be used to intensify business expansion efforts and accelerate global market penetration; and approximately 10% will be used to fund general working capital and for general corporate purposes.
Further reading:Haiqing Zhiyuan Prospectus
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Futu News, June 11: $HQVT (01392.HK)$ announced that its IPO will run from June 11 to June 16. The company plans to globally offer approximately 85.1625 million shares and expects to list on June 22. Company Overview Haiqing Zhiyuan is a Chinese multispectral AI technology company specializing in acquiring, processing, and analyzing optical information across multiple specific spectral bands, delivering more detailed insights than visible-light imaging. The company’s solutions enable higher-dimensional perception and security monitoring, providing enhanced decision-making intelligence related to broad-spectrum security and intelligent sensing for clients primarily engaged in software and IT services, electronic products, internet data centers, autonomous driving systems, telecom operators, IoT, system integration, and related construction businesses. The company’s multispectral AI technology focuses on multispectral imaging and processing, designed to capture and analyze data across various wavelengths of the electromagnetic spectrum. This technology integrates perceptual intelligence with edge AI into a unified system that facilitates spectral data acquisition and inference. Its perceptual intelligence precisely captures multispectral signals through spectral fusion—covering ultraviolet, infrared, and visible spectra—while its edge AI delivers real-time, low-latency decision-making via locally optimized performance in offline or low-bandwidth environments, ensuring uninterrupted security protection in latency-sensitive or communication-constrained scenarios. Financial Overview...
Editor/Joe
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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