New stock news | Nuo Bi signed an agreement with the Hong Kong Stock Exchange, becoming the second largest provider of AI+ power system testing and monitoring solutions in China.

According to the disclosure from the Hong Kong Stock Exchange on November 12th, Nobicon AI Technology (Chengdu) Co., Ltd. (referred to as Nobicon) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor. The prospectus shows that Nobicon focuses on advanced technologies such as artificial intelligence and digital twinning, with industrial applications in AI + transportation, AI + energy, and AI + urban governance. The company mainly provides integrated solutions based on AI industry models. The company's independently developed NBK-INTARI artificial intelligence platform enables customers in the fields of transportation, energy, and urban governance to achieve intelligent monitoring, detection, and operation empowerment. According to Ipsos research, in terms of revenue in 2023, Nobicon is the second largest AI+ power system detection and monitoring solution provider in China, and the seventh largest AI+ rail transit detection and monitoring solution provider in China. Nobicon's business includes three layers: NBK-INTARI platform, AI industry models, and AI solutions. The NBK-INTARI platform is the company's underlying technology platform, on which the company develops various AI industry models. AI industry models are algorithm models built for various business scenarios, trained continuously with business scenario data and industry knowledge to solve business problems in single dimensions or scenarios. Different AI industry models are combined and interconnected to form integrated AI solutions, solving more comprehensive and complex business problems. During the historical period, Nobicon's revenue came from AI + rail transit, AI + electric power, and AI + urban governance businesses. The company has also expanded into other vertical industries, including AI + urban transportation, AI + airports, and AI + chemical industry, and as of the last practicable date, the commercialization of these new businesses is at different stages of business and/or product development. The total revenue breakdown by business line is as follows: Financially, as of the fiscal years 2021, 2022, 2023, the six months ended June 30, 2023, and 2024, Nobicon's revenue was approximately RMB 101 million, RMB 253 million, RMB 364 million, RMB 176 million, and RMB 186 million respectively. During the same periods, the company's annual/interim profits and comprehensive income totaled RMB 25.743 million, RMB 63.161 million, RMB 88.566 million, RMB 46.275 million, and RMB 50.736 million respectively.