New stock news | Ruiwei Technology submits documents to the Hong Kong Stock Exchange, ranking first in the Chinese civil aviation enterprise visual intelligent product market.

According to the disclosure from the Hong Kong Stock Exchange on June 30th, Xiamen Ruifor Information Technology Co., Ltd. (referred to as Ruifor Technology) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International, CICC International, and ICBC International acting as joint sponsors. According to Frost & Sullivan data, based on revenue in 2024, the company ranks first in the Chinese civil aviation enterprise visual intelligent product market with a market share of 8.9%. According to the prospectus, the company is an artificial intelligence company that provides visual intelligent technology and products to business clients. Leveraging excellent artificial intelligence algorithm capabilities and optical imaging technology, the company offers a range of visual perception, recognition, and reasoning intelligent products, which are deeply applied in civil aviation, commercial space, and cargo logistics scenarios. The company is one of the first companies in the industry to focus on full-stack visual intelligent technology focused on computer vision algorithms, optical imaging optimization, and computing power optimization. The company specializes in integrating visual large-scale model technology, deep learning technology, multispectral imaging technology, and mature software and hardware co-design capabilities with the deep user requirements in enterprise scenarios. Based on the company's industry insights and visual intelligent technology, the company is expanding into the intelligent Siasun Robot & Automation field, empowering machines to autonomously and efficiently perceive, understand, and interact with complex environments. The company provides customers with safe, intelligent, efficient, and reliable visual intelligent technology and products, helping them improve operational safety, efficiency, and user experience in various business scenarios. The company has accumulated over ten years of technical expertise in the field of computer vision, building a complete full-stack technology system around AI vision and optical imaging technology to achieve end-to-end penetration from technology R&D to product application. The company's core technological capabilities include base technology, fusion technology, and component technology. By combining the company's artificial intelligence technology with software and hardware, the company has established mature productization capabilities and end-to-end delivery capabilities. Based on the company's core technological capabilities, the company has developed a comprehensive technical component, including the RecoSee visual perception intelligent body, RecoAware visual cognition intelligent body, and RecoThink visual reasoning intelligent body. By utilizing these three major visual intelligent bodies as universal building blocks, the company has developed and delivered a variety of visual intelligent products covering applications in civil aviation, commercial space, cargo logistics, and other scenarios. All of the company's products and solutions fall within the scope of specialized technology industries defined in Chapter 18C of the Listing Rules. As of December 31, 2024, the company's R&D team consists of 107 members, accounting for approximately 50% of the total number of employees. The company has established a comprehensive, end-to-end integrated product development system, supporting efficient collaboration across the entire product lifecycle from market demand and concept validation to development, testing, delivery, and operation. As of December 31, 2024, the company has: (i) 168 registered patents, of which 159 are independently developed, and 9 are jointly developed with third parties, with no contract deadlines or significant payment obligations for these jointly owned patents; (ii) 119 software copyrights. In terms of performance, in the fiscal years 2022, 2023, and 2024, the company achieved revenues of approximately RMB 78.363 million, 242 million, and 395 million respectively; during the same period, gross profits were approximately 12.31 million, 98.824 million, and 157 million respectively. With strong productization and commercialization capabilities, the company achieved a profit of 8.288 million in 2024.