New Stock News | Sheng Ruan Technology submits Main Board of Hong Kong Stock Exchange, ranked third in the independent smart energy solutions market in China.

According to the disclosure by the Hong Kong Stock Exchange on January 23, Shandong Victory Soft Technology Co., Ltd. (hereinafter referred to as Victory Soft Technology) has submitted an application to the Hong Kong Stock Exchange Main Board, with GF SEC (Hong Kong) as the exclusive sponsor. The prospectus shows that Victory Soft Technology is a digital solution provider aimed at breaking through industrial development bottlenecks and accelerating industrial digital transformation. The company provides integrated solutions covering the entire chain from informatization construction to digitalization construction for large and medium-sized energy companies, small and medium-sized enterprises in the manufacturing industry, and public management institutions. According to a Frost & Sullivan report, as a leader and pioneer in the smart energy solutions and smart oil and gas field solutions market, the company has facilitated the incremental breakthrough of the digital transformation of exploration and development environments: Based on revenue projections for 2023, Victory Soft Technology is the only independent solution provider among the top five participants in the Chinese smart oil and gas solutions market, ranking third in the Chinese independent smart energy solutions market. The company is the only representative focused on the energy industry among the 49 nationally recognized cross-industry cross-domain industrial internet platforms by the Ministry of Industry and Information Technology. The company is the largest independent solution provider in the smart oil and gas field sector for China's leading energy company, China Petroleum & Chemical Corporation, and is also a major supplier of China Petroleum & Chemical Corporation's oil and gas field production command system (PCS), helping China Petroleum & Chemical Corporation achieve unified control over all its oil and gas field production processes, greatly improving operational efficiency. The company has pioneered the release of the first large model identification model for the oil and gas industry and has deployed it in various industry scenarios. The company has also been involved in the construction of the Kunlun Large Model. After decades of operation, Victory Soft Technology's business has expanded from Shengli Oilfield to other oil and gas fields of China Petroleum & Chemical Corporation, as well as to major energy companies' oil and gas fields in China and globally, completing approximately 5,000 smart energy projects. Its solutions are designed to meet the comprehensive needs of smart oil and gas field construction and are widely used by China Petroleum & Chemical Corporation, Petrochina, CNOOC Limited, Zhuhai Petrochemical, and other major energy companies. Victory Soft Technology provides intelligent manufacturing solutions for 12 industries such as petrochemical and petroleum equipment, supporting 88 industrial application scenarios, and creating lightweight cloud services and cloud collaboration services integrating industry operations technology (OT) systems. In terms of smart cities, the company empowers public management institutions with solutions for industrial parks, emergency command, and government affairs. As of September 30, 2024, the company has completed nearly 300 smart city projects, contributing to the improvement of urban management efficiency. Financially, for the nine months ending September 30 in 2022, 2023, and 2024, Victory Soft Technology's revenue was approximately 391 million yuan, 502 million yuan, and 163 million yuan respectively; during the same period, the net profit for the year was 37.607 million yuan, 53.664 million yuan, and -11.316 million yuan respectively.