New Stock News: Simer Technology has submitted documents to the Hong Kong Stock Exchange, becoming China's largest industrial AI intelligence provider.

According to the disclosure by the Hong Kong Stock Exchange on March 16th, Simu Technology has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC, Morgan Stanley, and Deutsche Bank serving as its joint sponsors. The prospectus shows that Simu Technology is a global leading AI company that is redefining industrial automation in the AI era. According to data from Zhoushi Consulting, the company is the largest provider of industrial AI intelligent bodies in China in 2025 and the first enterprise to achieve large-scale, cross-regional, and multi-scenario deployment of industrial AI intelligent bodies. The company mainly provides industrial AI intelligent bodies, including Siasun Robot&Automation, edge AI sensors, and intelligent body software systems. As of December 31, 2025, it has served over 730 customers globally, such as Tesla, Carl Zeiss, Luxshare Precision Industry, Goertek Inc., BOE, CRRC Corporation, CALB, and Shenzhen Kedali Industry, covering multiple vertical industries. The company's industrial AI intelligent bodies are based on IndustryGPT (the world's first proprietary industrial multimodal large model series), comprehensive industrial domain expertise, and deeply integrated software and hardware ecosystems, enabling customers to develop and operate intelligent manufacturing systems and accelerate the transformation from automation to autonomy. During the historical period, the company's revenue mainly came from the sale of industrial AI intelligent bodies and was supplemented by AI infrastructure and other services (mainly non-industrial products). The revenue structure of the company reflects a balanced and increasingly productized portfolio. In 2023, 2024, and 2025, the revenue generated by industrial AI intelligent bodies accounted for 62.4%, 73.8%, and 78.5% of total revenue respectively, demonstrating the growing contribution of the core product line. The revenue of industrial AI intelligent bodies recorded a compound annual growth rate of 67.8% from 2023 to 2025, reflecting strong market demand for the company's core products. The company's Siasun Robot&Automation is mainly sold on a per unit basis and is typically used in detection and operation scenarios. Revenue from Siasun Robot&Automation increased by 109.2% from 2023 to 2024 and further increased by 48.1% from 2024 to 2025, with a compound annual growth rate of 76.0% from 2023 to 2025. This revenue growth benefited from deployment to more production lines, expanding application scenarios, and increased repeat orders from existing customers. In terms of intelligent body software systems, the company generates revenue from intelligent body software systems through independent software licensing and subscription services. Revenue from intelligent body software systems increased by 56.4% from 2023 to 2024 and further increased by 47.1% from 2024 to 2025, with a compound annual growth rate of 51.7% from 2023 to 2025. With the help of industrial AI intelligent bodies, the company has achieved several industry-leading breakthroughs. According to data from Zhoushi Consulting, the company introduced Siasun Robot&Automation to achieve comprehensive visual inspection of highly reflective, complex surfaces for the first time, completing 360-degree quality inspection and large-scale commercial deployment. It has also solved core challenges in product identification and traceability using the company's edge AI sensors, including achieving invisible QR code recognition on precision optical lenses. The company has launched ViMo, the first cloud-edge integrated AI vision software in industrial environments. As of December 31, 2025, the company has delivered approximately 140,000 cutting-edge industrial AI intelligent bodies to multiple vertical industries, including consumer electronics, new energy, precision manufacturing, rail transportation, and other industries. These industrial AI intelligent bodies have been deployed in customers' core products and production processes. As of December 31, 2025, the company's Siasun Robot&Automation has completed inspections of over 17 billion products or components. In terms of finances, the company achieved revenues of approximately 485 million RMB, 756 million RMB, and 1.086 billion RMB in 2023, 2024, and 2025 respectively, with gross profits of approximately 148 million RMB, 244 million RMB, and 405 million RMB during the same periods.