New stock news | Wisdom Interactive Technology Co., Ltd. submits application to Hong Kong Stock Exchange, ranking first in the industry as a provider of solutions for intelligent roadside spatial intelligence.

According to the disclosure on October 31 by the Hong Kong Stock Exchange, Smart Interconnected Technology Co., Ltd. submitted its listing application to the main board of the Hong Kong Stock Exchange, with CITIC SEC and BOCI as joint sponsors. The prospectus shows that Smart Interconnected is a leading provider of artificial intelligence technology and spatial intelligent solutions in China, with unique technical capabilities in developing high-precision artificial intelligence solutions through the combination of advanced products and services, especially focusing on the field of urban traffic management. During the past period, while focusing on the smart transportation industry, the company has been actively exploring application scenarios in cities all over the world, including airports, schools, industrial parks, business districts, and nature reserves, to seize the opportunities in the global high-precision AI solution market. With the increasing demand from the public for safety and reliability, emergency response, and operational efficiency, these industries are growing rapidly. According to Frost & Sullivan data, based on revenue in 2024, the company ranks fourth among all spatial intelligent solution providers in the smart transportation industry in China, holding a market share of 6.6%. Similarly, based on revenue in 2024, the company ranks first among all spatial intelligent roadside solution providers in the smart transportation industry in China, holding a market share of 19.3%. The global high-precision AI solution market is projected to grow from 477 billion yuan in 2019 to 2,225 billion yuan in 2024, with a compound annual growth rate of 36.1% from 2019 to 2024, and is expected to reach 14,330 billion yuan by 2029, with a compound annual growth rate of 42.2% from 2025 to 2029. In terms of performance, revenue increased by 14.7% from 538.4 million yuan in 2022 to 617.6 million yuan in 2023; and further increased by 13.1% to 698.7 million yuan in 2024. For the six months ended June 30, 2025, the company's revenue decreased from 210.3 million yuan in the same period in 2024 to 102.9 million yuan. The decrease in revenue for the six months ended June 30, 2025, is mainly due to fluctuations in the number of projects for which revenue is recognized after reaching respective milestones according to relevant agreements in each half year.