New stock news | Xunce Technology has passed the Hong Kong stock exchange hearing and ranks fourth in the Chinese real-time data infrastructure and analytics market share.

According to the disclosure by the Hong Kong Stock Exchange on December 17th, Shenzhen Xunce Technology Co., Ltd. (referred to as Xunce Technology) is undergoing listing hearings on the Main Board of the Hong Kong Stock Exchange, with GUOTAI JUNAN I as the sole sponsor. The prospectus shows that Xunce Technology is a Chinese real-time data infrastructure and analytics solutions provider. The company offers real-time information technology solutions covering data infrastructure and analytics for enterprises in various industries. The company's system integration services facilitate seamless deployment in environments owned by customers (including self-managed cloud and on-premises systems). Data infrastructure is classified into real-time and non-real-time based on processing mechanisms and efficiency. By 2024, the market value of China's real-time data infrastructure and analytics market was RMB 18.7 billion, accounting for 4.5% of the total market for data infrastructure and analytics in China. In terms of revenue, the company ranks fourth in this segment with a market share of 3.4%. The classification of real-time and non-real-time meets different data processing needs and is not interchangeable. The core of the company's product portfolio is real-time data infrastructure, a unified data platform that can collect, clean, manage, analyze, and govern heterogeneous data from multiple sources in milliseconds to seconds. This means that once the data is collected, it can be processed almost immediately and used for decision-making, analysis, or further action. Built on this foundation is the company's data analysis application layer, which uses the relevant infrastructure to generate insights, make predictions, or provide information for business decisions. The company started in the asset management industry. In 2024, asset management accounted for 11.2% of the total market for China's real-time data infrastructure and analytics. Based on revenues in 2024, the company ranked first in the market for real-time data infrastructure and analysis in China's asset management industry, with a market share of 11.6%. The company's solutions enable asset managers to optimize various aspects of their asset management lifecycle, from portfolio monitoring, order execution, valuation, to risk management and compliance. In terms of financials, for the years 2022, 2023, 2024, and the six months ending June 30, 2024 and 2025, Xunce Technology achieved revenues of approximately RMB 288 million, RMB 530 million, RMB 632 million, RMB 283 million, and RMB 198 million respectively; during the same periods, the company incurred losses of approximately RMB 96.5 million, RMB 63.39 million, RMB 97.845 million, RMB 97.759 million, and approximately RMB 108 million respectively.