New stock news | Intsig Information (688615.SH) has filed for a second time on the Hong Kong Stock Exchange. The scanning all-around king has been online for over 15 years, with MAU exceeding 100 million.

According to the disclosure on December 29 by the Hong Kong Stock Exchange, Shanghai Intsig Information Technology Co., Ltd. (688615.SH) has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. The company had previously submitted a listing application to the Hong Kong Stock Exchange on June 26 of this year. Company Overview According to the prospectus, since its establishment, Intsig Information has been committed to empowering global users and diverse industry customers with AI technology innovation. With over 18 years of research and practical application in artificial intelligence, Intsig Information has become a leader in the global field of text intelligence technology, with its core DRIVE model relying on multimodal large language models. This model can simultaneously process various forms of data input such as text, images, and videos, and generate diverse output modes, thereby achieving diverse AI functionalities such as information extraction, document parsing and repair, and image enhancement. The company's business covers over 200 countries and regions worldwide. According to Insight Consulting, among the companies with over one hundred million monthly active users (MAU) on efficiency-oriented AI products for consumers worldwide in 2024, Intsig Information ranks first in China and fifth globally, maintaining a strong growth trajectory. Based on years of accumulation of AI technology and deep insights into user needs, Intsig Information has independently developed and successfully launched a series of consumer products including CamCard, Business Card Reader, and CamScanner. According to Insight Consulting, based on the number of monthly active users in September 2025, CamScanner is the largest image text processing AI product in the world, an app that has been online for over 15 years, with over 100 million MAU and a compound annual growth rate of over 20% in revenue from 2022 to 2024, making it a long-term mainstay and stable growth app in the global market, with no more than five apps globally achieving this feat. CamCard had topped the list of free business apps in 41 countries and regions on the Apple App Store. In 2024, Intsig Information introduced online digital business card functionality to further explore the global digital business card market. In recent years, the company has continued to empower products with AI technology, introducing innovative features such as AI accurate recognition and AI business card insights. Intsig Information launched the CamCard app in 2015. Based on the company's internal DIKI governance framework, it has created a complete value chain from data aggregation to intelligent decision-making; leveraging the company's data mining and data analysis capabilities as well as underlying technologies such as NLP, knowledge graphs, deep learning, and large models, CamCard has built a credit analysis platform covering over 300 million businesses, processing and analyzing 20 billion business data in real-time, providing a valuable solution in the field of China's commercial intelligence data. Financial Information Revenue For the years ended 2022, 2023, 2024, and the nine months ended September 30, 2025, the company achieved revenues of approximately RMB 9.88 billion, RMB 11.87 billion, RMB 14.38 billion, and RMB 13.03 billion respectively. Gross Profit and Gross Margin For the years ended 2022, 2023, 2024, and the nine months ended September 30, 2025, the company recorded gross profits of approximately RMB 8.27 billion, RMB 10 billion, RMB 12.12 billion, and RMB 11.26 billion respectively; with gross margins of 83.7%, 84.3%, 84.3%, and 86.4% respectively. Net Profits For the years ended 2022, 2023, 2024, and the nine months ended September 30, 2025, the company recorded net profits of approximately RMB 2.84 billion, RMB 3.23 billion, RMB 4.01 billion, and RMB 3.51 billion respectively. Industry Overview AI technology has evolved from symbolic logic and rule-based systems to general intelligence, with the core development from perception to cognition to decision-making abilities. The continuous advancement of AI technology has enhanced AI products' ability to address increasingly complex challenges. Looking ahead, as multimodal large models increasingly integrate with the real environment, AI products and solutions will become increasingly critical tools for intelligent decision-making in both consumer and business scenarios. According to the target users, AI products can be divided into consumer (C-end) products and business (B-end) products. C-end products aim to improve efficiency and capabilities in areas such as learning, work, and entertainment. B-end products are developed for enterprises and institutions, using technology and data-driven approaches to help them solve problems more efficiently and accurately, thereby simplifying workflows and increasing productivity. According to Insight Consulting, the global market for AI products is expected to reach $465 billion in 2024, with over 10,000 participants, and is expected to further grow to $2,280 billion by 2029, with a compound annual growth rate of 37.4%. AI products are being deployed in an increasing number of vertical and cross-industry scenarios. In the consumer sector, AI has entered areas such as personal productivity, creative content generation, and social entertainment. In manufacturing, AI has enabled end-to-end quality control and predictive maintenance. In retail, it supports demand forecasting and intelligent replenishment, optimizing inventory and improving operational efficiency. In the medical field, AI models based on image recognition and multimodal diagnostic tools can help clinical doctors accurately locate lesions and develop personalized treatment plans. According to Insight Consulting, the global market for C-end AI products is expected to reach $109 billion in 2024 and is projected to grow to $771 billion by 2029, with a compound annual growth rate of 48.0%. Among all segments, efficiency-type AI products for consumers account for the largest market share, representing 57.5% of the global C-end AI product market in 2024. Efficiency-type AI products possess the characteristics of high-frequency needs, meeting users' core efficiency demands while also driving habitual use by continuously providing tangible value, thereby promoting strong user engagement and retention. The global market for efficiency-type AI products for consumers reached $62 billion in 2024 and is projected to grow to $495 billion by 2029, with a compound annual growth rate of 51.3%. Board of Directors The board of directors consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors. Directors serve for a term of three years and may be re-elected. Ownership Structure As of December 20, 2025, Dr. Zhen directly and indirectly controls 29.95% of the company's issued share capital through Shanghai Mu Yi Ran, Shanghai Duan Lin, Shanghai Rong Li Ran, and Shanghai Ding Luo (all controlled by Shanghai Shi Hou as a general partner, with Dr. Zhen in control). Shanghai Mu Yi Ran, Shanghai Duan Lin, Shanghai Rong Li Ran, and Shanghai Ding Luo are employee stock platforms of the company. Intermediary Team Exclusive Sponsor: China International Capital Corporation Limited. Company Legal Advisors: For Hong Kong and U.S. law: Sidley Austin; For Chinese law: Shanghai Jintiancheng Law Firm; For Chinese data compliance law: King & Wood Mallesons. Exclusive Sponsor Legal Advisors: For Hong Kong and U.S. law: Skadden, Arps, Slate, Meagher & Flom; For Chinese law: JunHe LLP. Industry Consultants: Insight Industry Consulting. Compliance Advisors: SOMERLEY CAP Limited.