IPO News | 'AI Computer Vision Solutions Provider' Extreme Vision launches its IPO, scheduled for listing on March 30, with a minimum subscription amount of 2020.16 Hong Kong dollars

Futu Information reported on March 20th,$EXTREME VISION (06636.HK)$Announcement issued: The company plans to conduct its IPO from March 20 to March 25 and intends to offer approximately 12.48 million shares globally, with an expected listing date of March 30.

Company Overview

The company is an AI computer vision solutions provider in China, offering end-to-end enterprise-level solutions covering development, deployment, and management for businesses across various industries. Additionally, the company has expanded its provision of commercially viable large model solutions. Computer vision solutions (a key branch of AI solutions) are technological solutions that simulate the human visual system, enabling computers to extract information from images or videos and perform analysis, decision-making, and interaction based on this information.

Large model solutions refer to applications built on the functionality of large models, along with related support services. With the rapid development of AI solutions, the company plans to leverage its efficient and inclusive AI technology, combined with deep industry expertise, to accelerate corporate intelligent transformation and drive industry upgrades.

Financial Overview

Revenue increased from RMB 101.6 million in 2022 to RMB 127.7 million in 2023, and further rose to RMB 257.3 million in 2024. The company’s revenue for the nine months ended September 30, 2024, was RMB 79.4 million, which increased to RMB 136.3 million for the nine months ended September 30, 2025.

In 2022, 2023, and 2024, as well as for the nine months ended September 30, 2024, and 2025, the company's gross profits were RMB 31.1 million, RMB 33.1 million, RMB 103.5 million, RMB 31.2 million, and RMB 61.1 million, respectively, with recorded gross profit margins of 30.6%, 25.9%, 40.2%, 39.2%, and 44.9%, respectively.

Use of Proceeds

In terms of use of proceeds, Extreme Vision is expected to receive net proceeds of approximately HKD 434 million from the global offering (assuming the over-allotment option is not exercised, at an offer price of HKD 40). According to the prospectus, Extreme Vision plans to allocate the proceeds from the global offering for the following purposes in the specified amounts:

Approximately 60.0% is expected to be used to enhance our R&D capabilities; approximately 30.0% is expected to be used to improve our commercialization capabilities, and approximately 10.0% is expected to be allocated for working capital and general corporate purposes.

More reading:Extreme Perspective Prospectus

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Editor/Vincent

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