New stock news | Huafu Technology submits application to Hong Kong Stock Exchange as a full-stack AI service provider with algorithm + computing power + industry application capabilities.

According to the disclosure from the Hong Kong Stock Exchange on April 10th, Shenzhen Huafu Technology Co., Ltd. (referred to as "Huafu Technology") has submitted a listing application to the main board of the Hong Kong Stock Exchange, with Agricultural Bank International as the sole sponsor. According to the prospectus, the company is a full-stack AI solution provider. In 2024, the company held a market share of 0.1% in the AI technology solution market in China and was recognized as one of the industry's important players. Additionally, in 2024, the company ranked eighth in China's computer facial recognition industry used for identity verification with a market share of 2.5%. The company focuses on algorithms and computing power, integrating leading AI algorithms, computing power management capabilities, advanced software and hardware technologies with industry scenario applications to provide AI intelligent solutions for customers in various fields, including AI intelligence, AI vertical industry applications, and AI intelligent computing technology services. Initially, the company focused on AI intelligence services for industry applications, gradually expanding its business to algorithm platforms and their industry applications starting in 2017, and further extending services to provide AI intelligent computing technology services in 2023, becoming a full-stack AI service provider with algorithm + computing power + industry application capabilities. The company relies on proprietary core technology to provide AI intelligent solutions for customers, including AI intelligence, AI vertical industry applications, and AI intelligent computing technology services. The company provides solutions with a technology platform at its core to meet customers' algorithm, computing power, and industry application needs in the digital transformation process, helping customers achieve comprehensive intelligence driving. The company's core technology is based on the self-developed UnicornAI integrated technology platform. This platform is the cornerstone supporting all AI solutions and consists of four core components: (i) the UnicornTraining platform designed for model training; (ii) the UnicornEye platform responsible for multi-dimensional data perception; (iii) the UnicornCompute computing power scheduling platform for efficient computing power management; and (iv) the company's algorithm-driven windwheel basic large model. These four components, through deep integration and collaborative optimization at the architectural level, build a complete and efficient AI technology system from algorithm development, model training, intelligent perception to computing resource management. The market size of China's AI technology solution industry has significantly increased. According to Frost & Sullivan data, driven by strong AI infrastructure investment and nationwide digital transformation, the market size of China's AI technology solution market expanded from RMB 103.3 billion in 2019 to RMB 281.5 billion in 2024, with a compound annual growth rate of 22.2%. With the increasing demand from the manufacturing and financial industries, the market size of China's AI industry is expected to reach RMB 947.7 billion by 2029. In terms of performance, in 2023, 2024, and 2025, the company's revenue was approximately RMB 391 million, RMB 386 million, and RMB 464 million respectively; relying on core AI technology, a deep understanding of the application areas, and practical and efficient commercial capabilities, the company has achieved continuous profitability during the past periods, with net profits of RMB 36.8 million, RMB 66.1 million, and RMB 58.7 million respectively for the same period.