New Stock News: Hong Kong Stocks Welcome "Global Leading Physical AI Company"! Sunmi Technology (06810) Officially Opens IPO.

On April 21st, "the world's leading stock in AI for physical businesses," Sunmi Technology (06810), officially began its IPO, with the IPO period ending on April 24th. The company plans to globally sell 42.62 million H shares, of which about 10% will be sold publicly in Hong Kong and about 90% will be sold internationally. The offering price will be HK$24.86 per share, and it is expected that the H shares will start trading on the Hong Kong Stock Exchange on April 29, 2026 (Wednesday), with a trading unit of 100 shares. Sunmi Technology is the world's largest provider of commercial IoT infrastructure and has the largest enterprise application market globally. With IoT terminals, AIOS, and cloud platforms as its technological foundation, it has created an edge-cloud collaborative AI engine to empower digitalization of business entities, providing real-time services to developers and merchants in over 200 countries and regions worldwide, helping to fully digitize the physical world. Sunmi's presence can be seen everywhere in daily life - every takeout, transaction, and order is supported by Sunmi BloT. Sunmi Technology is crowned the "world's leader in Business IoT (BIoT)." Since the company first launched the world's first BIoT integrated machine V1, continuous innovation has driven the company to achieve global revenues exceeding 100 million USD within three years. Sunmi Technology pioneered the development and launch of the industry's first AI programming tool - Sunmi Big Program, a low-code modular platform based on AI programming that enables businesses and developers to efficiently build, manage, and upgrade software applications for their smart devices. According to ZhiShi Consultancy, based on 2024 revenues, Sunmi Technology is currently the world's largest provider of BIoT solutions, holding over 10% market share. The same source predicts a growth in the Android BIoT solutions market over the next five years, with a compound annual growth rate of 23.7% from 2024 to 2029. Sunmi Technology's listing at this time accurately hits the industry's eve of explosive growth. As of September 30, 2025, Sunmi Technology's end-to-end BIoT solutions have served approximately 64,000 global commercial partners. In China, the company has achieved over 70% coverage of the top 100 catering brands and over 60% coverage of the top 100 chain stores. By September 30, 2025, the company's solutions have been implemented in over 200 countries and regions, covering over 90% of the global market, including all G20 countries. Sunmi Technology's rapid rise is also thanks to the long-term support of top-tier capital ecology. As early as 2016, Xiaomi Technology invested in its Series B round, followed by strategic investors such as Ant Group and Meituan. The IPO prospectus discloses that before the listing, Ant Technology Group held 27.27% of the shares, Meituan held 8.2%, Xiaomi Group held 7.78%, and well-known institutions such as Shenzhen Capital Group were also among the shareholders. In terms of financials, in 2023 and 2024, Sunmi Technology's operating income was 3.071 billion and 3.456 billion respectively. By 2025, revenue reached 3.812 billion, with a compound annual growth rate of over 10% from 2023 to 2025. The gross profit margin continues to increase, reaching 31.3% by 2025. As the proportion of AI-related software and service revenue increases, Sunmi Technology's gross profit margin is expected to further rise. The company has had positive operating cash flow for three consecutive years, with cash on hand exceeding 1 billion RMB, indicating a healthy financial structure.