New stock news | Novaby once again submits documents to the Hong Kong Stock Exchange to become the seventh largest AI+ detection and monitoring solution provider in the Chinese railway industry.

According to the disclosure by the Hong Kong Stock Exchange on May 14th, Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. (referred to as Nuobikan) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as the sole sponsor. The company had previously submitted an application to the Hong Kong Stock Exchange on November 12th, 2024. The prospectus shows that Nuobikan focuses on advanced technologies such as artificial intelligence and digital twinning, with industrial applications in AI+ traffic, AI+ energy, and AI+ urban governance fields. The company primarily provides integrated solutions based on comprehensive AI industry models. The company's independently developed NBK-INTARI artificial intelligence platform enables customers in the fields of traffic, energy, and urban governance to achieve intelligent monitoring, detection, and operation empowerment. According to Zoku Consultancy, in terms of revenue in 2023, the company is the seventh largest provider of AI+ inspection and monitoring solutions in the Chinese rail transit industry. According to Zoku Consultancy, the market size of the AI+ traffic solution industry in China reached 238.4 billion yuan in 2023, and is estimated to grow from 270 billion yuan in 2024 to 518.2 billion yuan in 2028, with a compound annual growth rate of 17.7%; the market size of the AI+ energy solution industry in China was 0.5 trillion yuan in 2023 and is expected to grow from 0.5 trillion yuan in 2024 to 1.1 trillion yuan in 2028, with a compound annual growth rate of 19.0%; and the market size of the AI+ urban governance solution industry in China reached 0.6 trillion yuan in 2023, and is estimated to grow from 0.7 trillion yuan in 2024 to 1.2 trillion yuan in 2028, with a compound annual growth rate of 14.3%. The company's revenue comes from AI+ rail transit, AI+ 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. The commercialization of these new businesses is at different stages of business and/or product development. The detailed breakdown of total revenue by business line is as follows: In terms of finance, in the years 2022, 2023, and 2024, Nuobikan achieved revenues of approximately 253 million yuan, 364 million yuan, and 403 million yuan respectively; during the same period, the annual profits were 63.161 million yuan, 88.566 million yuan, and approximately 115 million yuan respectively.